August 26, 2021
Interested in a job as a financial analyst? Good plan! Per the Bureau of Labor Statistics, this job role is in high demand and growing faster than average, with a high median income. Financial analysts take a closer look at financial data and use their insights to advise companies. This includes research of micro and macroeconomics to make educated predictions about a business or industry. Many business decisions are based on this hard work and careful analysis. With a job as a financial analyst, you’ll be helping to guide companies toward growth and success.
With just a bachelor’s degree, you’ll be able to get your foot in the door with an entry-level financial advisor position. Most enter this field with a degree in math or finance. Of course, if you also have a master’s degree in these fields, this can help you to earn a higher rate of pay. You might also want to earn industry certifications, such as a Financial Analyst Certification or Credit Analyst Certification.
Developing your career
You may start out as a junior analyst. Then, as you build your experience, you can grow into a senior analyst role. Skills that will help you along the way include:
- Knowing how to use spreadsheets and databases. Excel, anyone? Having a good grasp on the tools and formulas built into these programs will be a huge advantage when giving presentations to clients. Pivot tables and query design is also helpful to know. You’ll need to get used to the presentation preference of your company to optimize use of your software.
- Understanding the concept of cost vs. benefit. Also know as the concept of materiality, this is important knowledge to help you make educated decisions and recommendations, even if you don’t have all the information.
- Are you willing to work hard and inspire others to do the same? Leadership paves the way for teamwork and good communication. It’s helpful in any role, but essential as a financial analyst. Especially if you’re hoping to move into a more senior role.
- Confidence in decision-making. The people you’re advising want to trust you. After all, the future of their business is in your hands. To set their minds at ease, you’ll need to do all necessary research to ensure your professional consult is what’s best for them.
Get help from your recruiter
Once you have the proper education in place, it’s time to start your search for a financial analyst position. And Inter-Connect can help! We’ll work with you to understand your career goals and find a job that fits. To learn more, contact us today!