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Financial analyst

Analyst - a highly qualified specialist who conducts analytical research, summarizes the information received in a certain field of activity, is fluent in various analysis methods, and is also able to predict processes and develop development programs.

The name of the profession comes from the ancient Greek άναλυτικά (art of analysis), which fully reflects the main essence of the analyst’s work. Despite the fact that the profession of an analyst is considered relatively “young,” the first essays on analytics appeared in the 4th century BC (First and Second Analysts of Aristotle). However, the first analysts dealt primarily with history and universal questions.

Modern analysts process information relating to all spheres of the life of society, and deal primarily with numbers. That is why today there are several narrow specializations of this profession, depending on the direction of activity: financial analyst, business analyst, investment analyst, system analyst, web analyst, market analyst, etc.

Analyst Responsibilities represent a chain of sequential actions:

  • data collection and primary processing,
  • drawing up certain assumptions and theses,
  • analysis and verification of information,
  • development of projects and methodological work, supported by clear justifications,
  • formation of conclusions and analytical report on the work done.

In other words, the professional duties of any analyst, regardless of the field of activity, are aimed at collecting, evaluating and analyzing information, with the subsequent development of practical recommendations for improving the work of an enterprise or organization, taking into account the current situation on the market.

What personal qualities should an analyst have?

Since the work of the analyst is directly related to the study of a large amount of information, it is impossible to imagine this specialist without such personal qualities as attentiveness, pedantry and meticulousness. In addition, personal qualities such as:

  • Analytical mind,
  • perseverance
  • good memory,
  • developed intuition
  • sociability
  • accuracy,
  • ability to work with large volumes of information,
  • observation,
  • patience,
  • perseverance
  • a responsibility,
  • creativity.

The list of professional knowledge and skills necessary for the analyst to work includes: knowledge of various analysis methods and the basics of statistics, skills to work with specialized software and electronic databases, as well as absolute knowledge of mathematics and the ability to draw the right conclusions.

Advantages of the Analyst Profession

Analysts are considered to be "nerds" who spend whole day poring over papers, and constantly study, analyze, research and systematize something. That is, in the view of the townsfolk, the work of analysts is boring and monotonous. But even the seeming unsightlyness of such a work cannot “cross out" advantages of the profession of analyst, which, by the way, are quite a lot. Of course, we won’t be able to list everything, so we will focus only on the main ones.

  • First, analysts are in demand on the modern labor market, like no other profession. Moreover, employers are willing to pay quite decent money for their services (the average salary of an analyst in Russia today is about 60-70 thousand rubles).
  • Secondly, the work of the analyst is actually very diverse. Indeed, new information appears almost every minute, and for a person who is keen on his job, the search for the necessary data can be an exciting and interesting activity.
  • Thirdly, a flexible work schedule and the ability to carry out professional activities both in the office and remotely (that is, without leaving home). At the same time, the specialist himself decides whether he will work in the company’s staff or whether he prefers the option of working as a “free” employee who provides services on a contractual basis.

Well and most importantly, in the process of work, the analyst communicates with a large number of different people, mainly from the management team of companies and organizations. Therefore, over time, it acquires "useful" acquaintances, which can be used both in professional activities and for solving personal problems.

Disadvantages of the Analyst Profession

If we talk about disadvantages of the profession of analyst, first of all, it is necessary to note the fact that quite often the management of companies is not very positive about those innovations that the analyst suggests introducing. Therefore, the specialist has not only to do his job, but also to prove the correctness of his conclusions and the effectiveness of the proposed methods of enterprise development.

The disadvantages include the irregular work schedule and the need to spend most of the working time at the computer. The latter, by the way, can adversely affect the eyesight of a specialist.

It is impossible not to say that analysts without work experience experience some problems with employment. Indeed, the development of the company also largely depends on the professionalism of the analyst, therefore management prefers to entrust the analysis of the current situation on the market to already experienced specialists who have managed to establish themselves only on the positive side.

Where can I get the profession of analyst?

To those who dream get an analyst profession, first of all, it is necessary to determine the direction of activity, since the choice of an educational institution depends on this. A future financial analyst will be able to get the amount of knowledge necessary for work at a financial institution or university, and an analyst in the field of IT - at a technical university.

Unfortunately, there are no specialized universities specializing in the preparation of “universal” analysts in Russia today, so young specialists will first have to study the features of the market that interests him most, and then acquire knowledge in the field of analytics by self-learning. Another feature of obtaining the profession of analyst is the need to obtain practical experience before starting an independent activity. Therefore, after graduation, a university graduate will have to work for some time as an intern with an already experienced specialist.

Of great importance is the prestige of the university, in which the analyst was trained: the more prestigious the institution, the greater career prospects the specialist has. So, when choosing an institute or university, first of all pay attention to such leading universities of Russia, as:

How to become a financial analyst

A prerequisite for employment in the profession of financial analyst is a higher economic education, for example, in the profile “Economics”, “Finance and Credit”, “Accounting”. However, today leading Russian universities prepare specialists in analytics in the framework of the master's program:

  • Higher School of Economics, Financial Analyst Program,
  • REU Plekhanova, program “Financial analytics”,
  • Government University of Finance, Financial Analyst,
  • Kazan Federal University of Economics and Management, “Financial Analytics”.
It is enough for a future specialist to spend 2 years training a new profession in order to gain theoretical knowledge in the field of analysis. A significant plus will be the availability of an international certificate of financial analyst, which is necessary when working with large companies abroad.

A financial analyst is a sought after economic profession, a specialist engaged in the field of market research, securities, assets and performance. Large companies hire full-time analysts for permanent work, medium-sized businesses and individuals - order consulting services before concluding contracts, conducting transactions or buying shares.

Short description

In modern conditions, even a person with a higher economic education can find it difficult to decide which action will be financially advantageous and which promises serious losses. If we are not talking about personal income and expenses of one person, but about the material base of a large company, then the significance of such decisions increases many times over. That is why such a sought-after profession as a financial analyst appeared on the labor market - a specialist who can be entrusted with a comprehensive assessment of the situation and the study of all issues relating to the adoption of an important decision or financial policy of the company in principle.

Profession Features

Financial analysts should be well aware of the many economic disciplines, as well as understand accounting and even some legal nuances. Their work is a work of high intensity, which requires the ability to sensitively capture any changes in the situation, predict future trends and, in general, keep a finger on the pulse of the current state of the market. During training, such specialists study:

  • Estimating income and expenses, draft budgets of various levels.
  • Control of effective and targeted spending of funds, sources of unproductive costs.
  • Drawing up business plans and financial plans.
  • Analysis and interpretation of statistical data of a financial, insurance, credit nature for making management decisions.
  • Development of credit and financial services.
  • Assessment and analysis of risks, development of measures to reduce them.
  • Development of recommendations for improving the financial activities of organizations and their implementation.
  • Assessment of the feasibility of investments and investment projects.
  • Assessment of the financial condition and creditworthiness of legal entities and individuals.
  • Forecasting economic processes in the field of financial and credit relations.
  • Communication in a foreign language.
  • Teaching economic disciplines.

Financial analysts are specialists of a rather broad profile, since the list of their responsibilities depends heavily on which particular organization they work in. They require not only deep knowledge in their field, but also the ability to clearly, intelligibly present information to the client to help him make a financially sound decision.

Important personal qualities

For a financial analyst, despite the tautology, the analytical mindset is very important. In addition, such a specialist should have high abilities for concentration, long-term attention retention. Also, perseverance, readiness for constant development, and a good memory will not hurt him.

Training in financial analytics

To start working in such a profession, you need to get a higher education (based on 11 classes of the school). The specialty is called “Economics (Finance and Credit)”, her code is 03/03/01. For admission, you need to take the Russian language, mathematics (this is a specialized discipline), as well as social studies or a foreign language at the discretion of the university.

Training can be carried out in full-time, full-time, part-time (so-called evening) and part-time. When receiving education at the full-time department, study lasts 4 years, otherwise - 5 years.

RANEPA under the President of the Russian Federation

This educational institution offers a professional retraining program in the “Business Analyst” profile. It is designed for those who have specialized higher or secondary specialized education. The course includes 2-month distance learning with a load of 250 hours, a week of full-time study, as well as the possibility of additional training in a distance format. Upon completion of the program, graduates receive established diplomas.

Career growth

In many organizations where the financial departments are represented by a sufficiently large number of employees, there is a gradation: for example, from a junior financial analyst to a senior. Accordingly, with employment at a lower position, it is possible to gradually increase. Also, such a specialist could theoretically occupy any managerial position. In other cases, it is more likely to deepen knowledge, improve skills and professionalism and, as a result, increase wages (even while maintaining the same position).

Personal qualities

For a specialist in the field of finance, an analytical mindset is important. Attentiveness and perseverance will facilitate reporting. Large amounts of information that analysts have to work with require good memory. It should be borne in mind that the specialty involves constant development in the professional sphere and possession of relevant information. A prerequisite for employment is the knowledge of English at a conversational level.

Where to study for this profession

If you want to become a financier, an applicant needs to focus on the following undergraduate programs: “Economics”, “Economics and Statistics”, “Finance and Credit”, “Accounting, Analysis and Audit”. For admission, you will need the results of exams in Mathematics (profile), the Russian language, a foreign language, and social studies.

In a higher educational institution, a student will have to get acquainted with the basic macro- and microeconomics, the history of economic studies, and a number of mathematical disciplines. The first courses will also be diverse in general subjects. The third and fourth years of study will be complemented by corporate finance, econometrics. Several years of study are necessarily accompanied by the teaching of professional English. In some cases, language pairs are preparation for international exams for subsequent certification.

Pros and cons of the profession

- High profit payment,

- Demand in the labor market,

- Attendance at professional seminars and trainings is often paid by the employer.

- Sedentary work in a sitting position,

- Monotonous work with numbers,

- High responsibility when working with financial assets,

- Irregular working hours during reporting periods.

Career. Places of employment.

Financial analysts are required in large corporations, banks, small firms. Possible service in government agencies: ministries, statistical centers, departments. Given the relatively recent emergence of the profession, the age category of specialists is 25-35 years. The initial salary is 40 thousand rubles. Career growth with a corresponding increase in wages is due to the receipt of internationally recognized advanced training courses and work experience. In addition, some organizations offer jobs for junior and senior financial analysts. A remote work option for a financier is also possible. For example, on the pchel.net freelance exchange you can periodically find projects where help or advice from a financier is required.