Financial Analyst job roles, responsibilities, descriptions, duties and salary

Date of posting: 23 Sep 21

What Does a Financial Analyst Do?

Get access to the job designation, duty and responsibility, employment, work schedule, qualifications, technical skills and pay scale of a Financial Analyst

Job designation: - Financial Analyst

As a Financial Analyst, you will be responsible for analyzing company's revenue and expenditures as well as making projections for the future. You will also be providing input to management regarding how they can increase profitability as well as reduce costs.

Duties and responsibilities of a Financial Analyst

Financial analysts use complex mathematical and statistical models to interpret the financial world and to predict future trends. They create financial models, research financial data, and analyze economic conditions.

  • Develops forecast models to project future performance of the company based on historical data and input from senior management

  • Develops financial models to assess future business performance in light of changes in economic conditions

  • Compares forecasted results to actual performance using variance analysis to identify potential risks that may require management intervention

  • Communicates forecast results to senior management, including presentation of key findings and recommendations for action

  • Evaluates potential acquisitions, divestitures, investments, or partnerships by conducting due diligence and assessing their impact on company strategy

  • Analyzes new product proposals by evaluating their potential for profitability

  • Evaluates the impacts of new accounting standards on the company's financial position

  • Provides support on quarterly earnings releases by preparing presentations for analysts

Places of employment for a Financial Analyst

  • Financial analysts are best employed in industries that are dependent on financial markets, such as banking, accounting, and insurance. Financial analysts are also employed by firms that provide investment advice or services to clients.

Work schedule of a Financial Analyst

Analysts need to put in extra hours during these times because their jobs usually consist of analyzing data or preparing reports to present to their managers. This is why Financial Analysts often need to put in more than 40 hours per week, at least until they finish what needs to be done.

Qualifications required to become a Financial Analyst

One of the most important qualifications is formal education in investment analysis. A Bachelor’s degree is often required for entry level positions with employers looking for analysts with a Master’s degree or MBA in finance or business administration.

Under-graduate courses to become a Financial Analyst

Eligibility to pursue the course: -

Entrance-exams to be taken to pursue the course

  • Merit-based admission

  • Entrance for certain institutes

Institutes which are offering these courses 

  • Any college certified or recognised by the UGC, AICTE and NAAC

Post-graduate courses for a Financial Analyst

Eligibility to pursue the course: -

  • Must be a graduate over 50 to 60%

  • Relative work experience

Entrance-exams to be taken to pursue the course

  • CAT

  • MAT

  • XAT

Institutes which are offering these courses 

  • IIM Ahmedabad 

  • IIM Calcutta

  • FMS Delhi

  • IIFT Delhi

  • XLRI Jamshedpur,

Key/Technical skills

  • Knowledge of federal and state tax laws

  • Accounting principles and practices

  • Tax accounting rules and regulations

Salary expectations

  • Average salary: -Rs. 5.7 lakhs per annum

  • Entry level salary: - Rs. 4.6 lakhs per annum

  • Experienced-level salary: - Rs. 6.05 per annum

Process of getting the job of a Financial Analyst

  • Placement from colleges, universities and other recognised institutions

  • Job searching on linkedin or Indeed for Financial Analyst posts

  • Checking out any institution’s profile and requirements for a Financial Analyst Consultant

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