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Financial Analysts Job Description

Job Descriptions October 13, 2013

The financial analyst’s job is to report on a company’s financial status, creating plans, forecasts, and other documents that will help executives plan their next course. The job of the analyst is to thoroughly inspect financial documents, ascertaining whether they are deviating from the company’s initial plan.

Part of the job description involves determining financial statuses by working with forecasting. You will also be helping to identify trends and make recommendations to higher level executives.

What Will You Be Doing as a Financial Analyst?

You are not only in charge of analyzing data but may also reconcile and correct errors. As the needs of a company become more advanced, so will you be in charge of creating automated software and eliminating duplicated or erroneous information.

Other activities that you may be asked to handle may include educational programs, reviewing written resources, building networks, and conversing with multiple people across various business channels.

This job does require some formidable skills. You will be working with complex financial data, and so a degree in a related subject is essential. Most financial analysts will know how to forecast, generate a financial diagnosis and work with modern financial software.
Mathematical skills are a plus, and while you are working hard on your college studies, don’t forget to seek out certification, which can open additional doors to you.

Your daily routine would involve assembling spreadsheets and graphs in order to present detail on technical reports, compare the quality of securities, interpret data that influences investment, and always stay up to date with the latest developments in your field, as well as the overall economy.

Preparing for a Promising Career

This is work that is intellectually challenging and highly competitive. Those who stick around and earn a job through hard work can expect salaries as high as $84,000. This is impressive, especially in a recession age. Obviously, companies cannot afford to plan expensive ventures without doing financial research first.

Studying is essential so when planning your college course, remember to study hard on a subject that will prepare you for this job lifestyle. Courses in statistics, accounting, and finance will do you well, and computer skills are just as imperative. Critical thinking, as well as problem solving abilities, will be a priority in the eyes of your future employers.

Basic software knowledge of Excel, PowerPoint, and Word will be valuable, but you may also work with accounting software or learn a client’s unique system. The career path may naturally end with an MBA, as this is a position that quickly earns respect and can quickly advance if you have the drive to press harder and learn what is needed.

Companies rely on people skills from financial analysts, being professional and presenting information in a clear and positive way. Public speaking skills help in this regard, but this confidence must go hand in hand with detail-oriented analytical skills.

This is a great time to reach out for a better job, since financial forecasting and analysis is a recession-proof field that is only set to grow. Start studying now and benefit in the long-term, as companies will respect your education and experience.

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Showing schools in your area

Matching School Ads
1 Program(s) Found
  • Syracuse M.S. in Applied Data Science Online
  • 18-Month Syracuse Data Science Master’s Online
  • Syracuse M.S. in Applied Data Science: GRE Waivers
  • Earn an M.S. in the Growing Field of Data Science
  • Data Science Is in Demand: Earn a Master’s Online
  • Earn an In-Demand Degree: Data Science Master’s
  • Online Courses
1 Program(s) Found
  • The DataScience@SMU is an online program designed for working professionals and can be completed in as little as 18 months.
  • Live classes are held online and coursework is self-paced.
  • Students in the DataScience@SMU program have access to dedicated support services and join the Southern Methodist University (SMU) alumni network after graduation.
  • Students attend an in-person immersion at the SMU campus in Dallas, Texas.
  • The curriculum is truly interdisciplinary, bringing together subjects that data scientists use in the field every day.
  • Coursework is pulled from three SMU schools: Dedman College of Humanities and Sciences, Lyle School of Engineering and Meadows School of the Arts.
  • Online Courses
1 Program(s) Found
  • Live online classes: All classes are held weekly on a face-to-face video platform and are kept small, with a low student-to-faculty ratio.
  • Renowned faculty: The program is designed by many of the same School of Information (I School) faculty and data science professionals who teach our on-campus programs.
  • Multidisciplinary curriculum: Course work is designed with a project-based approach, encouraging the application of tools and methods to solve problems.
  • UC Berkeley community: Students gain access to the UC Berkeley I School community, including technical support, academic support, and the university’s vast alumni network.
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Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

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