working in leading companies
– Let’s have a look at what companies look for while hiring a Financial Analyst –
Financial Firms are at the top when it comes to hiring financial analysts (for obvious reasons).
The next segment of employers is made of non-financial firms, in non-financial firms; the revenue model is not related to finance or investment.
Consulting: The smallest segment is project wise hiring where financial analysts offer their expertise on a freelance or an independent consulting basis.
They can consult on a project basis, hourly basis, or even maintain full-time commitments, depending on the situation.
Just like a good chef needs to know the difference between salt & sugar, the right time it takes to cook, a little less time: you don’t want to eat it, a little more time: you don’t want to eat it.
Similarly, if you want to be a good Financial Analyst then you need to be good at the following:
✔️ Heavy experience with Microsoft Excel, with knowledge of macros and VBA, preferred
✔️ Corporate finance or financial modeling experience
✔️ Detailed oriented, resourceful, inquisitive and ambitious
✔️ Ability to effectively manage, consolidate and analyze data from multiple, disparate data sources
✔️ Experience with modeling and reading financial statements are mandatory.
✔️ Exceptional Excel skills required, experience with IBM Cognos/TM1 and Bloomberg preferred, VBA skills a plus
✔️ Experience in the related field i.e. financial analysis and reporting
✔️ Fluent In Excel and PowerPoint
✔️ Experience with Adaptive Insights and SOL a plus
✔️ Must have a thorough knowledge of financial statements, accounting principles/concepts, financial modeling, application of analytical tools, and variance analysis.
✔️ Must have proficiency in Microsoft Office Suite. Access skills are a plus.
✔️ Must have advanced skills in Excel, including pivot tables and financial modeling.
✔️ Proficiency using ERP financial systems required. MS Dynamics preferred.
✔️ Ability to successfully perform independent, in-depth analysis, and generate concise conclusions.
✔️ Must have excellent oral/written communication, presentation, and organization skills.
✔️ PowerBl /Tableau, SQL experience a plus
✔️ Financial Modeling/Valuation experience a plus
✔️ Competence in financial concepts such as IRR, NPV, and DCF modeling
✔️ Proficiency in Microsoft Office Suite or other relevant technologies
✔️ Strong verbal and written communication skills
In order to be eligible for your first job as a Financial Analyst, you need to have a Bachelor’s Degree.
There are several fields of study that will offer your appropriate preparation like Finance, Accounting, Economics, Commerce, Math, and Statistics.
However, to further improve your employability, chances of advancement and knowledge, you will have to pursue your MBA or complete popular and in-demand certifications like CFA.