Financial Analysts: Necessary Skills
A financial analyst is someone who helps you or in another way makes you money it may sound funny but a financial analyst helps you make investment decisions like buying and selling in the stock market. You may find some of these analysts in Todd Katz quest integrity. What a good financial analyst does is to check the investment portfolio, annual reports of a company and come up with a way by which you can invest and make a good amount of money at the end of the investment. The Financial analysis may come in different forms including fund manager, portfolio manager, risk analyst and rating analyst.
The main financial analysis job is to gather information from the big companies and the managers and individuals involved this is the most important thing that he can do that not just any other individual can with a financial background.
In order to be a financial analysis you must have a certain things in your pocket that is a good background of the financial market that is the portfolio the stock markets and bonds then another crucial thing is your education you must at least have is a financial degree like an accounting or an economics degree, other companies prefer someone having a master’s in business administration.
The employer will require you to be able to be analytic that is, get as much information as possible from different sources and be able to analyze it and digest it in order to come up with a conclusion that can be able to benefit your client financially.
Communication skills are very vital they help you to be able to express yourself to the customer and be able to understand what the customer wants and also be able to analyze the information that the customer gives you this being the main skill that Todd Katz quest integrity advices on .
The other very crucial thing is paying attention to small details the small details may cause your client to lose a whole sum of money or even make a whole sum of money this means that a small detail may lead to you failing or succeeding hence great attention is required in the financial analysis sector.
You must also be able to crack down mathematical problems that come along with the analysis without the skill of good mathematics you might end up making the wrong calculation that may lead to the failure of an investment hence the degrading of your financial career.
To be a financial analyst you must be able to be technical and literate enough that is you must be able to use and analyze your information using any computer and software that is handed to you without this ability you cannot be able to analyze your information correctly or even analyze your information at all.
You can advance your career by being a portfolio manager or even being a fund manager.