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How to Become a Financial Analyst

Contributor
By Allen Young
eHow Contributing Writer
(2 Ratings)
Financial Analysis
Financial Analysis

A financial analyst job is a highly coveted and competitive position. It can be very difficult field to break into, but if are able to obtain a financial analyst position it can be a very challenging and rewarding career. This article will give you some tips to best prepare for and land a job as a financial analyst.

From Quick Guide: Introduction to Economics
Difficulty: Challenging
Instructions

    Preparing to become a Financial Analyst

  1. Step 1

    Get the proper training and background that firms hiring financial analysts are looking for. Your school course work should include a firm foundation of classes in accounting, economics and math. Develop your analytical skills that are needed to be successful as a financial analyst.

  2. Step 2

    Learn computer skills. The analysis that an financial analyst has to do is most often done with computers. You should have a through understanding of spreadsheet and database programs as well as word processing programs. Also financial analysts have to make presentations so a good understanding of Microsoft Power Point is also required.

  3. Step 3

    Develop strong verbal and written communication skills. Not only do you have to have the finance and analytical skills to succeed as a financial analyst you must be able to communicate with others very well. Financial analysts often have to explain complex financial analysis to management in terms they can understand in order to make important decisions.

  4. Step 4

    Consider getting a MBA degree. Because the financial analyst field is so competitive an advanced degree in business is very desirable to hiring firms. You may get your MBA as you are working or a work for a few years to gain experience before pursuing a MBA degree.

  5. Step 5

    Research the types of financial analyst positions and industries you are interested in. Financial analysts jobs are available in all industries. There are investment firms and banks as well as manufacturing industries you can work in. Each industry requires a different type of financial analysis.

Tips & Warnings
  • Get an internship to get work experience before you apply for a full time financial analyst position. Besides giving you valuable work experience an internship will allow you to network with important decision makers and to see if the position and industry are a good fit for you.
  • A financial analyst job is very demanding with long hours and pressure deadlines. Be prepared to sacrifice personal time to get the job done. Also take care of you health and make sure you can handle the physical and mental demands of the job.
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