Financial Analyst

What is a financial analyst?

A financial analyst is a professional who uses corporate finance and business acumen to make recommendations about companies' financial viability.

What does a financial analyst do?

A financial analyst typically does the following:

• Collecting and interpreting financial data
• Comparing a company's financials with that of its competitors
• Identifying financial trends and making strategic recommendations
• Creating financial models and reports
• Meeting with company leadership to share findings and recommendations

What does the day-to-day life of a financial analyst look like?

A Financial Analyst usually works office hours from 9am-5pm but, depending on the organisation and specific role, these timings may vary. They spend much of their time with spreadsheets, drafting reports, and attending meetings.

Where does a financial analyst work?

Financial analysts work in a variety of settings, such as:

• Investment banks
• Insurance companies
• Private equity firms
• Hedge funds
• Financial consulting firms
• Corporate finance departments

What tools/software/hardware does a financial analyst use?

A financial analyst typically uses the following tools:

• Microsoft Excel: This is the go-to tool for financial analysts for building financial models and performing data analysis.
• PowerPoint: For preparing presentations to management.
• Financial software: Such as Oracle, SAP and Salesforce.
• Statistical software: Such as Matlab or SAS.

What do I need to become a financial analyst?

To become a financial analyst, you usually need the following:

• Bachelor's Degree: In finance, economics, accounting, or related field.
• Master's Degree (Optional): A Master's in Business Administration (MBA) can help for advancement.
• Certifications: Chartered Financial Analyst (CFA) is the most recognisable certification.

What career paths are available?

As a financial analyst, you could progress into senior roles or explore alternative paths such as:

• Senior Financial Analyst
• Finance Manager
• Finance Director
• Chief Financial Officer (CFO)

What jobs are similar to a financial analyst?

• Investment Banker: Specialising in large corporate financial transactions.
• Financial Consultant: Helping clients plan their financial futures.
• Portfolio Manager: Overseeing a collection of investments.
• Equity Analyst: Analyzing companies to determine their investment potential.

What made you want to become a financial analyst?

How did you get your first financial analyst job?

What was the one thing that surprised you the most about being a financial analyst?

Are you a financial analyst? We want you to share your experiences with those looking to start or change their careers to Financial Analyst. If you're interested contact us at mail@calumchilds.com.