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Financial Analyst


Financial Anaysts help people decide how to invest their money. There are various other terms such as securities analyst, research analyst, equity analyst or investment analyst which are used for financial analyst. Financial analysts can work in different roles in different organizations. They can work for brokerage firms either as buy side or sell side analysts or they can work for large organizations supporting senior management with financial analysis including explanations of variances to forecast, plan, and prior periods and other ad hoc analysis as requested.

Education and Skills:

Aspiring Financial Analysts are expected to be good in math and should have an aptitude for numbers and number crunching. Degree in Business Administration, Accounting, Finance or Statistics is desired. The CFA program offered by ICFAI can be done either full time or part time depending upon the time and interest.


Typical Day in The Life (DILO) or Work Schedule of someone pursuing that career.

This is a fictitious calendar and is meant to give an idea of the different tasks that the professional performs and different people that the professional needs to coordinate with.

This may differ from organization to organization and context.

DILO, Day In The Life of:

Time Activity
8:30 am – 9:30 am Arrive at work. Check emails. Internal group meeting to review the status and plan for the quarter closing.
9:30 am – 11:00 am Conduct month end financial statement analysis. Identify and communicate financial issues to the senior management.
11:00 am – 12:30 pm Prepare research note in advance of earnings release. Review junior analysts work and provide feedback.
12:30 pm – 1:00 pm Lunch with colleagues.
1:00 pm – 3:00 pm Analyze business and operations financial data. Prepare and analyze actual vs. plan (Revenues, expenses and earnings) and identify the reasons for variance. Generate monthly variances report.
3:00 pm – 4:00 pm Review prior quarter’s earnings call transcripts and make notes for the upcoming earnings release.
4:00 pm – 5:00 pm Contact senior management to clarify the questions regarding the upcoming earnings release. Assign a junior analyst to assist with coordination of the annual plan and monthly forecast cycles.
5:00 pm – 6:30 pm Prepare and review earnings report. Send the same to senior management for comments and clarifications.

Career Ladder:

Exact career path or career ladder, i.e. career progression may change from organization to organization, but below is a typical path.

Career Ladder Image:


Description For Certifications:

Links to Certifications or Credentials, that can also be identified as Professional Organizations that certify, can potentially help in climbing up the career ladder.

Professional Certifications or Credentials:

Certification Description Career Level Certifying Body
OHFM Oracle Hyperion Financial Management 11 Specialist Certification intermediate-level Oracle
CFA The Chartered Financial Analyst® Entry Level/Expert/Professional CFA Institute
FRM Financial Risk Management Entry Level/Expert/Professional NYU School of Professional Studies

Description For Associations:

Links to Associations, that can also be identified as Professional Organizations that certify, can potentially help in climbing up the career ladder.

Professional Associations or Organizations:

Association Description More Info
CFA CFA Institute CFA
AFP Association for Financial Professionals AFP
EFFAS The European Federation of Financial Analysts Societies EFFAS
GFAM Global Academy of Finance & Management GFAM

Financial Analyst Tools:

Links to a few Tools/Techniques (Also called Career Management Tools or Career Tools) and Methods (Also called Career Method Tools or Techniques) that the professionals in that career path tend to use, like this:

Tool Purpose More info
Engagement CS Engagement CS is comprehensive tax workflow and accounting audit management software available. Engagement CS
Financial statement analysis Financial statement analysis can be referred as a process of understanding the risk and profitability of a company by analyzing reported financial info, especially annual and quarterly reports. Financial Statement Analysis
Adaptive Reporting With Adaptive Reporting you can manage all of your reporting needs both online and across Microsoft Office. Adaptive Reporting

Financial Analyst Methods:

Links to a few Methods (Also called Career Method Tools or Techniques) and Tools/Techniques (Also called Career Management Tools or Career Tools) that the professionals in that career path tend to use, like this:

Method Description
1. Ratio Analysis Ratio analysis is the analysis of the interrelationship between two financial figures.
2. Cash Flow Analysis Cash flow analysis is the analysis of the change in the cash position during a period.
3. Comparative Financial Statements Comparative financial statement isanalysis of financial statements of the company for two years or of the two companies of similar types.
4. Trend Analysis Trend analysis is the analysis of the trend of the financial ratios of the company over the years.
5. Sensitivity Analysis Sensitivity analysis is simply the method for determining how sensitive our NPV analysis is to changes in our variable assumptions.
6. Scenario Analysis Scenario analysis takes sensitivity analysis a step further. Rather than just looking at the sensitivity of our NPV analysis to changes in our variable assumptions, scenario analysis also looks at the probability distribution of the variables.
7.Monte Carlo Simulation Monte Carlo simulation is considered to be the “best” method of sensitivity analysis. It comes up with infinite calculations (expected values) given a number of constraints.

Financial Analyst Experts: