Financial Analyst Job Requirements

Financial analysts are the professionals who help people in deciding as how to invest their money. They are generally employed in the banks, mutual funds, insurance companies and security firms.

Financial AnalystAs A Career Path

According to the Bureau of Labor Statistics, the job opportunities for the financial analysts is expected to increase 23 percent from 2012- 2020. This is due to the growing number of financial products. In the coming years, the banks and mutual fund companies will need more financial analysts.

The primary job responsibilities of a financial analyst are:

  • Producing the organization’s financial performance reports on a monthly, quarterly and annual basis.
  • Preparing monthly forecasts.
  • Communicating with the senior management with the detailed financial reports.
  • Participating in the annual budget process.

Required Educational Profile For A Financial Analyst

The educational qualifications required for a financial analyst are as follows:

  • Master degree in Finance, Accounting, Business Administration, Real Estate or any other field preferred.
  • Bachelor’s degree in the above streams is the minimum qualification required.
  • Any certification course related to Finance and Accounting is advantageous.

Core Competencies Required For AFinancial Analyst

Professional Skills

  • The candidate should have an excellent knowledge of MS Excel, MS Access and Adobe Acrobat software.
  • S/he should have good mathematical skills.
  • S/he should have the ability to manage special projects by using financial and business expertise.
  • S/he should be able to deliver accurate weekly financial packages and repetitive reports.

Personal Skills

  • The candidate should be confident and should have good communication skills.
  • S/he should have good interpersonal skills and organizational skills.
  • S/he should have strong project management skills.
  • S/he should be able to perform well and meet the deadlines under pressure.
  • S/he should be able to produce good output under minimum supervision.

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