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What Is This Job Like?

A financial analyst is responsible for analyzing financial information of companies and industries to provide investment recommendations and assessments to clients. To perform their role, financial analysts gather financial statements, expenses, sales, costs, and industry trends to predict future company earnings and assess investment opportunities. They typically work for banks, investment firms, insurance companies and other businesses, and help individuals and companies make sound financial decisions by writing reports, meeting with company officials, and suggesting buying or selling stocks.

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85 views2 pages

What Is This Job Like?

A financial analyst is responsible for analyzing financial information of companies and industries to provide investment recommendations and assessments to clients. To perform their role, financial analysts gather financial statements, expenses, sales, costs, and industry trends to predict future company earnings and assess investment opportunities. They typically work for banks, investment firms, insurance companies and other businesses, and help individuals and companies make sound financial decisions by writing reports, meeting with company officials, and suggesting buying or selling stocks.

Uploaded by

Naveen Uttarkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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A financial analyst is responsible for analyzing and guiding businesses or individuals in

order to assist them in making good investment decisions. In order to do this, the
financial analyst must gather financial information, analyze the information, and use that
information to provide clients with recommendations. A financial analyst must also
assess the performance of industries, companies, and firms in order to determine which
ones would be good for investing in. 

In most cases, a financial analyst will work for insurance companies, banks, security
firms, pension funds, or other businesses in order to help the company or their clients
make sound investment decisions. The financial analyst must read the financial
statements of the company as well as the company’s expenses, sales, and costs in order to
predict the future earnings of the company. In order to make an effective prediction, the
financial analyst must also study the industry within which the company belongs in order
to assess trends in the products and practices.

WHAT IS THIS JOB LIKE?

Financial analysts help people decide how to invest their money. They work for banks,
insurance companies, mutual funds, and securities firms. They often meet with company
officials to learn more about the firms in which they want to invest. After the meetings,
the analysts write reports and give talks about what they found out. Then, they suggest
buying or selling that firm's stock.

Financial analysts may specialize. Those in investment banking study the companies that
want to sell stock to the public for the first time. They also might study the pros and cons
of a merger (when two companies join together) or a takeover (when one company buys
another). Some financial analysts are ratings analysts who find out if companies can pay
their debts.

Financial analysts usually work in offices. They may work long hours. They
sometimes work on evenings or weekends. Analysts usually face many deadlines.
Their day is filled with telephone calls and meetings.

HOW DO YOU GET READY?

Most financial analysts have a college degree in business, accounting, statistics, or


finance. A master's degree in business administration (MBA) is desirable.

Math, computer, and problem-solving skills are vital. Working with clients requires good
people skills. Confidence, maturity, and the ability to work on your own are important,
too. Analysts also need good communication skills to explain complex financial ideas
using simple words.

Financial analysts must like to look for obscure facts and details about companies.

To get ready for these jobs, math and social studies classes are good. It helps to learn how
to make presentations and write reports. It also helps to read about business news.

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