Students who are in Accounting and Management Technology and would like to work for a financial institution or medium-sized to large enterprises.
This job demands a lot of meticulous and vigilant on financial trends because you have a big impact on businesses financial health.
A Financial Analyst is responsible for gathering information and using them to analyze financial data, helping businesses by writing reports, and managing the overall financial and investment strategy.
They have multiple tasks during the day for example preparing and analyzing financial data like reports, balance sheets, market information. Also, they analyze present financial performance and making strategic recommendation for the customers generating healthy businesses or business plan. They are responsible for creating financial models in Excel or the other platform to inform strategies and forecast. They work with big data to analyze market, industry, and sector trends and their impact on the business
They usually work for banking houses or for financial advising firms. Sometimes, they need to travel around the world for social events and conferences and spending time with other people in business.
Financial Analyst required to have either an MBA or a bachelor's or master's degree in finance, accounting, economics, mathematics, statistics, or a related field.
The salaries of a Financial Analyst depend on the company and what knowledge, but it's around $84 000 a year.
There's actually three more exams for financial analysts offered by the Financial Industry Regulatory Authority. First, there's The Series 7 exam, then The Series 63 exam, and The Securities Industry Essentials exam.
The most danger is if the Financial Analyst can't keep the data privacy. Indeed, it's a big problem, and the employee can lose the job and even get pursuit.
Indeed, Artificial intelligence has the potential to revolutionize the financial services because of the efficiency and cost. The machine has the ability to automate and complete multiple tasks, like portfolio management and data analysis. But the machine is not yet capable of replacing the human affection element on financial advising, like providing advice and support to clients in need. Furthermore, human with knowledge can understand the financial markets, products and strategies and have the ability to use their judgment to make the best decision for their clients. The most important is to keep the trust between the clients and the company, they may be hesitant to trust the machine functionalities and his final decisions. The machine will not replace human financial advisers in the near future.
They can retire around 65 years old.
So far, I have been studying Accounting and Management Technology for the past 3 years at Ahuntsic College. This is my last semester, and I have to do an internship to obtain the diploma. My plan is to continue at the university and get a bachelor in accounting. I'll have to complete my degree, and pass the CPA final exam. I will have the choice to eventually focus on one of the branches such as accounting, management, financial, etc. One of my goals is to eventually work as a CPA (certified public accountant).
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Date: recently published
Accuracy: probably true
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Rationale: to inform or educate
Authority: recognized author
Date: recently published
Accuracy: probably true
Relevance: relevant for this document
Sources: no sources cited
Rationale: to inform or educate
Authority: recognized author
Date: recently published
Accuracy: probably true
Relevance: relevant for this document
Sources: no sources cited