People that are interested in finance should read my FAQ to know if the financial counselor job would be appropriate for them. They should think about it when they are in The CEGEP or at University. Indeed, it is really helpful for them if they know what they want to do before they start their real job.
The financial analyst is an interesting job in which people face diverse financial sources.
Financial analysts do many things such as gather information, assemble spreadsheets and writing financial reports. Financial analysts can also give financial tips to their customers. For example, financial analysts can suggest customers to buy some types of actions. Financial analysts need to be aware of market movements and enterprise profiles to give good tips to their customers.
First, financial counselors woke up every day to go to work. At their work, they are meeting customers that need to have financial advice for their financial accounts. They also check their emails every day before starting any other task. Then, they check if they have missed calls of customers.
Financial analysts work in a variety of places such as banking houses or for financial- adversing enterprises. Also, some financial analysts are sometimes asked to travel in other countries for their work.
Many educational qualifications are required to become a financial analyst. First, you need to have a bachelor's degree either in business administration, finance, commerce, and economics. Then, you need to do a degree course to learn how to become a financial analyst. Then, to do the financial analyst job, you require a professional certification from a regulatory authority.
In Canada, financial analysts make an average salary of $102 334 per year. But, the salary may change in function of your experience. During the first year of working as a financial analyst, you can expect to have an average salary of $72 584 / year. When you get more experience, you can expect to have an average salary of $133 349 annually.
Financial analysts have to pass exams after they have their diploma to do the job. Sometimes, you have to pass the series 7 and Series 63 exams. These exams make sure that future financial analysts know the basic knowledge about finance world before doing the job.
Be a financial analyst can also have negative effects on your life. First, financial analysts often have to deal with a high level of stress. Indeed, it is stressful to be in charge of the assets of an individual or an enterprise. Secondly, financial analysts often work long hours during the week. A lot of financial analysts have to work more than 40 hours a week, and they often work on the nights and on the weekends. Thirdly, financial analysts job depends on economic health. Indeed, when the economy is in recession, work can be harder to find for them.
The chances that financial analysts will be replaced by robots soon are pretty low. It is possible that some tasks are now made by robots. The tasks that are more likely to be done by robots are tasks that are repetitive such as data entry and basic number crunching.
Financial analysts are often pretty old. Indeed, the middle age of financial counselor is 58. A lot of financial analysts only retire after the age of 65.
To Conclude, the financial analyst job is a really interesting job that people should think of. Financial analysts job is a job that requires good knowledge of finance and to be adaptable to the diverse financial situations of their customers.
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