Introduction

Are you thinking about becoming a Financial Analyst? Then, you should read the article. It will help you learn more about this job, and answer questions such as where you can work, what will be your salary, what kind of studies you will need, how to become a financial analyst and much more!

What is it like to be a financial analyst?

A financial analyst gathers data, writes reports, compiles spreadsheets, and analyzes non-legal information concerning potential deals. Then, he or she will formulate a plan of action based on financial analysis.

What do financial analysts do?

They advise businesses and individuals on how to spend money for profit. Financial analysts evaluate stocks, bonds, and other forms of investment.

What do financial analysts do on a typical day?

Financial analysts generally work on updating research, financial models or networking. They can build excel models, make forecasts and presentations.

Where do financial analysts work?

Financial analysts have many options of workplace. You can find them in banks, insurance companies, mutual funds and pension funds, brokerage firms, or in financial companies that provide consulting, auditing and research.

How can I become a financial analyst?

To become a financial analyst you need a bachelor’s degree. A common field is business administration, finance or accounting. Some employers prefer to hire candidates who obtained a master’s degree.

How much money do financial analysts make?

According to Bureau of Labor Statistics, as of May 2020, the median annual wage for financial analysts was $83,660. This means that half the workers earned more and the other half earned less. The lowest 10 percent earned less than $48,760, and the highest 10 percent earned more than $159,560.

What kinds of additional training do financial analysts need?

There are no additional training required for financial analysts.

What are the dangers of being a financial analyst?

There are no dangers related to his job. However, the cons would be the high level of responsibility, the long hours, the great attention to detail required, and high urgency for most of the work.

What are the chances that financial analysts will be replaced by robots soon?

Financial analysts will not be replaced by robots any time soon. There are 2.17 jobs in this field out of 7.02 on the job board.

What age do financial analysts retire at?

Financial analysts can retire at the age of 60.

Conclusion

Being a financial analyst requires a bachelor degree in the field of finance, an eye for detail and to be a good communicator.

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Sources and RADARS ratings

Source: https://www.fedfinance.ca/en/news/how-to-become-a-financial-analyst#:~:text=A%20financial%20analyst's%20tasks%20may,the%20results%20of%20the%20analysis

Source: https://www.bls.gov/ooh/business-and-financial/mobile/financial-analysts.htm#:~:text=Financial%20analysts%20work%20in%20banks,and%20other%20types%20of%20investments.

Source: https://www.ictsd.org/will-private-equity-be-replaced-by-robots/

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