Careers in Finance: How to Become a Financial Analyst

canstockphoto122229390If you’re creative, love analyzing things and are good with numbers, you might want to consider a career as a financial analyst. Working as a financial analyst means that you are responsible for tracking a business’ financials or forecasting their financial future. Not only do people who love all things numbers and analytics tend to be hugely satisfied with their work in this field, it is also a highly lucrative career with generous entry-level salaries and plenty of room for growth, development and promotion. If this is the type of role that you can see yourself working in, we’ve put together a handy guide explaining how to get there.

Getting Educated

No matter how great you are when it comes to working with numbers and analyzing them, you’ll most likely need to be able to prove your ability with a college degree in order to land a good job working in financial analysis. Taking an undergraduate degree in analytics or a subject related to the role such as finance and accounting or business is the first step that you will need to complete. In order to improve your career options and give yourself a better chance of getting a high-paying entry level job once you graduate, you might also want to consider undertaking some postgraduate study, for example an online master of science in analytics degree.

Experience

Although some graduates manage to get a great job as a financial analyst straight out of college, getting some experience working in the field is a great way to improve your chances of being recruited. Taking an internship working in the finance department of any business, or even getting a part-time job in a lower paid role throughout your online MSA degree, can definitely come in handy when it comes to landing the graduate job that you want. Often, students who gain work experience throughout their degree will go on to work for these companies, and are usually contacted first before other applicants since the employer already knows whether or not they like them for the position. Sometimes, students on work placements or carrying out internships can impress so much that the company guarantees them a position when they graduate.

Preparing for Career Growth

Of course, very few financial analysts are content with staying in an entry-level job right up until they graduate. As a new financial analyst, your biggest priority will be developing and furthering your career, which could potentially lead you into managerial and directorship positions. When looking at roles, it’s important to take your career growth goals into consideration. Whilst larger companies tend to have more resources for training entry-level employees to climb up the career ladder, smaller ones may be more difficult for you to work for if you’re hoping to step up through the ranks as quickly as possible.

If you’re good with numbers, finances, and enjoy analyzing financial data, you might want to consider doing it professionally. If you’re good at trading or regularly get good returns on investments, becoming a financial analyst could be the perfect career move for you.