Who is a Financial Analyst?
When we think of the profession of a Financial Analyst, numbers is all we are talking about. The Financial Analyst (FA) is not just the one who offers the profit and loss statement but also lets you know why the amount of profit or loss has incurred. He thoroughly researches the projected figures and is responsible for making informed and sound investment decisions as to how much to invest, where to invest and why to invest. He visualises the targets and guides the organisation’s resources towards accomplishing them within the set time frame with minimum assets at stake. It is indisputably a coveted position to acquire for those in the finance field.
What does an FA do?
Financial analysts work for investment banks, KPO’s, Fintechs, banks, Insurance companies and private organisations. They either work for buy-side companies or sell-side firms. In either case, they generate business or provide business. They are liable to make wise decisions about stock selling or buying. The return on money is definitely their sole focus.
The day of a Financial analyst is full of meetings and calls with stakeholders, partners, directors and financers. He has to analyse the macro and micro-economic conditions and make sensible and fundamental investment recommendations. They are the ones who foresee the company’s strength and current and future financial harmony.
What is his day like?
A routine workday begins with a strong cup of coffee with a plate full of fiscal information. Watching the morning news and taking note of the stock highs and lows aids in deciding the happenings of the whole day. Going through social media activities, reading the Daily and getting aware of the world money market as a whole is the morning agenda.
The midday is followed by a round of meetings, a business lunch browsing over the spreadsheets and projections for the week or month ahead. The evening is like a compilation and analysis of the day meetings and decision-making time. A sound thought and consideration of the situations help in creating effective financial aims. This is followed by, Creating Reports and crunching the data with an apt understanding and presenting them convincingly to the seniors, supervisors or clients.
The night cascades but the number games are still on. Making plans for the next day and forecasting the financial goals for the client/organisation and adhering to it, is the pre-plan to action. The work schedule for the next day and meetings are all set. The Financial Analyst sleeps with a long number story to begin a fresh one the next day.
Undoubtedly, a Financial analyst has to be self-motivated, well-informed, details oriented, number expert, with excellent communications skills and should possess unusual analytical skills. With all businesses competing against each other with profit as the solitary objective, the analyst needs to work under high expectations and within tough deadlines with no scope for an ambiguity.
Conclusively, the day of a Financial analyst begins and ends with numbers, comprehending sections of the tax law, interpreting data with spreadsheets, analysing, strategizing and staying abreast with the news and stock highs and lows.