A financial analyst is someone who manages various aspects of other peoples money. Depending on the wealth and size of their clients, they may manage portfolios worth millions of dollars. Other financial analysts work for banks or insurance companies, ensuring that even when a loan defaults or a claim is paid, the company maintains a positive cash flow. Still others specialize in mergers and acquisitions, determining the profitability of two companies combining their forces in a merger or one company buying another company in an acquisition. Financial analysts evaluate the financial situation and generate appropriate reports, both written and oral, on their recommendations. They monitor and interpret available data such as industry and economic trends, forecast the current trends into probable future profitability, determine a fair market value for the sale of company stock, and recommend action to their company or investors.
Some analysts work as investment advisors, either on their own or with a brokerage firm. Most financial analysts work in an office environment. Some analysts travel to visit potential investors, potential investments, and perform hands-on evaluations that enable them to accurately decide the value and potential risk of each investment. Financial institutions and insurance industries employ the majority of analysts
General and Personal Skills Required
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Finance, Economics, Business Administration, Accountin