#1
4th March 2016, 08:47 AM
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How to become financial analyst
Hello sir my brother wants to become financial analyst so please provide me requirements and steps to become financial analyst.
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#2
4th March 2016, 08:47 AM
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Re: How to become financial analyst
Financial analysts look into money-related data about products, industries or regions. They use this data to create financial forecasts and assess the potential risks of investment decisions. Requirements to become financial analyst Degree Required-Bachelor's degree typical, Master's degree often preferred Education Field of Study-Accounting, finance, statistics, mathematics, and engineering Key Skills-Analytical, communication, computer, math, and decision making skills Licensure Required-Licensure by the Financial Industry Regulatory Authority (FINRA) or certification as a Chartered Financial Analyst (CFA) Steps to become financial analyst Step 1: Earn a Degree Most financial analysts have a bachelor's degree in business administration, finance, economics, statistics or accounting. If you choose to attain a master's degree in business administration or finance, you may be more marketable when seeking employment. Step 2: Obtain a Job If you want to work on the buy side, get a job with a mutual or pension fund, investment bank or insurance company. If you want to work on the sell side, obtain a job with a securities firm. Step 3: Earn Licensure You may have to obtain one or more licenses, especially if you are dealing with securities firms on the sell side. The Financial Industry Regulatory Authority oversees licensing of professionals in the securities industry. Step 4: Consider Earning Certification As a professional financial analyst you can obtain optional certification as a Chartered Financial Analyst (CFA). This designation, administered by the CFA Institute, requires four years of work experience and the successful completion of three examinations Step 5: Advance Your Career You can help advance your career by keeping up-to-date on money markets, the economy and tax laws. |
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