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» » Career in Finance

Introduction
The person who does financial analysis for internal or external customers is called financial analyst. Financial analysts help public decide how to invest their money. There are a variety of other terms such as research analyst, securities analyst, investment analyst or equity analyst which are used for financial analyst. In addition, financial analysis, a finance analyst performs responsibilities like writing reports as a part of brokerage which may include fundamental analysis principles. Moreover, technical chart analysis and tactical evaluation of the market environment too are measured cardinal element of a financial analyst’s job.

Though a little difference, financial analysts’ job is like one of financial planners. Presently financial analysts serve in close coordination with financial planner to reach out to some conclusion associated to investment choices. The important thing is that financial analysts acquire higher level of expertise over financial analysis and finance management. Providing investment suggestions to customers, evaluation of the economic outlook of different areas and industries for organizations are some other responsibilities conferred on financial analysts.

Procedure
To become a financial analyst a student must have done graduation with mathematics subject. Moreover, a degree in business administration, finance, accounting and statistics benefits a lot in receiving a job in finance organizations. A strong hand in statistics, economics, business, accounting and administration improves the growth potential within an organization. The CFA program provided by ICFAI can be done either full time/part time depending upon the time and interest. There are various other sources for becoming a financial analyst such as doing B.com (Bachelor in Commerce) and M.Com (Masters in Commerce), Chartered Accountant, Company Secretary Ship etc.

Students who desire to make a future in financial analysis should start studying commerce and finance subjects from their school level as many schools provide business management and mercantile law during school level. In addition, soon after doing +2, students can apply for CA (Charted Accountant) course to become a financial analyst. Finance helps candidates grow further in career as a financial analyst. Depending upon the preference, one can try for better career as financial analyst.

What will be the cost- Fees of Finance Analyst
An MBA degree for Financial Analyst may cost approximately Rs 2, 00,000 from top score institutes. However, a diploma in financial analysis can be earned paying for Rs 50,000. Though there are plenty of institutes which claim to provide CFA (Chartered Financial Analyst) course but only the Indian Association of Investment Professionals has authorized to provide CFA degree in India. IAIP (Indian Association of Investment Professionals) is associated with CFA Institute and provides quality education to interested candidates. Fee structure keeps varying which is updated online whenever some amends take place.

Salary Package
The determination of salary package of financial analyst is done on the basis of skills and knowledge the professional acquire. Any fresher financial analyst can earn any salary in the range of between Rs 15,000- 40,000 per month. After 5 or more years of work experience there is 4 to 5 times growth in the salary package of financial analysts. Qualified CFA (Chartered Financial Analyst) can earn attractive salaries in overseas. Indian financial analysts with right exposure and sound presentation abilities get employment in multinational hedge fund organizations and financial organization including investment banks.
 
Top Institutes of Finance Analyst

Besides doing B.Com/M.Com, CA and CFA candidates can do MBA in finance or finance analysis offered by numerous management institutes. Some management colleges also offer diploma courses in financial management. Some of the reputed institutes offering courses in financial analysis are as follows:

•    Narsee Monjee Institute of Management, Mumbai
•    International Management Institute, New Delhi
•    SP Jain Institute of Management and Research, Mumbai
•    Xavier Institute of Management, Bhubaneshwar
•    ICFAI Business School, Pune
•    ICFAI Business School, Mumbai
•    ICFAI Business School, Bangalore
•    ICFAI Business School, Ahmedabad
•    ICFAI Business School, Chennai
•    Birla Institute of Technology and Science, Pilani
•    Chartered Institute of Management Accountants - Mumbai, Maharashtra
•    National Institute Of Management - Mumbai, Maharashtra
•    RNIS College of Financial Planing
•    Deming Asia - Noida, Uttar Pradesh
 

Comments:
PRESENTLY WORKING AT HDFC BANK IN BUSINSS BANKING OPERATION AS MANAGER. LOOKING FOR CREDIT / OPERATIONS IN HIGHER POSITION IN IT INDUSTRY / BANKING INDUSTRY
Posted By: Dhrumil9p@gmail.com | Posted on: 23 Mar, 2014
Presently working with Citibank and want to be a part of RBS.
Posted By: Ghanshyam Kumar | Posted on: 06 Oct, 2013
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