What skills do Financial Analysts need? | Investment banking, Asset management, FP&A and others
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- Опубликовано: 16 июл 2024
- How do you break into the Finance industry as an Analyst? In this video I share the key skills and traits Finance Analysts need to possess in order to be successful in their Finance careers.
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📋 As this is a new channel, any feedback or video ideas would be very welcomed below. 🙂
📖Chapters
00:00 Intro
01:18 Analytical skills
02:46 Working with data
05:03 Writing
05:25 Designing slides
06:19 Paying attention to detail
07:34 Commercial acumen
09:18 What the top finance analysts do
🤔 The video provides answers to the following questions:
What skills do Finance analysts have?
How do you break into Finance as an Analyst?
What skills do analysts in Finance possess?
What do you need to know to be a Financial Analyst?
How to become a Financial Analyst?
📻
Music by SkeetOnTheBeat - Late Night - thmatc.co/?l=927C4549
Happy to answer any questions in the comments 😀
🎥 What do Finance Analysts do? 👉 ruclips.net/video/NYPP_MY9BgA/видео.html
Hi , I am working for a ASEAN bank...as a Data Scientist...the job is core data science profile...i.e understand requirement, collect data from hive database, analyse, model building using python, ml...so i am looking for same sort of stuff, as I want to build my career in ds, and wants to work deep learning and Artificial intelligence...
but now I have got an offer from EY GDS while applying it was mention Data Scientist with cloud technology but on offer letter it is Mentioned senior financial analyst...
so I want to know should I accept this offer and join as senior financial analyst...will i get to work using python, sql and ml modelling part as I do not want to restrict myself to create visulaization, charts dashboards, can you give me the idea about this financial analyst role...
plese reply asap...as i have to respond to their offer,,,,
though I got a decent hike of 60% but I want to give more importance to the work that I like (so i want to be sure that I am joining on similiar role)
You are damn right on the design part.. It's so important
I've been to a lot of case study competitions and the ones who win are almost always the ones with the best infographics and charts (even though others convey the same thing with paragraphs) It just looks pleasant and makes life easier for the ones trying to understand what you've conveyed
Making slides look good is integral!
Loving the content on your channel! Super informative and to the point!
Thank you! What other videos would you like to see?
Awesome roadmap given thank you.
Thank you so much for providing ao much important information
Another great content from your channel!
Thanks Tyler 😊
This is very informative. Thanks.
Thanks for the insights
Powerful material, thank you!
My pleasure, glad you found it useful!
Thank you so much, Hats off to your work. :)
My pleasure, glad you liked it 😊
Presentation and the ability to transform financial data into information for decisions is the most important financial skills. The decisions can be investment decisions, sales generating, cost reduction.
Very clear and will explained.. thank you
My pleasure, glad you found it useful
Very informative, Thanks👍
Glad you found it useful!
Great video!
Thank you so much
My pleasure 😊
Ótimo vídeo, amigo, muito obrigado.
Great video, thank you.
My pleasure 😊
Great content. ❤❤
Thank you!
The collapse of Margin debt leads to a decrease in stock prices and trigger a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for sometime now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.
@@MaryPatricia-wr3wj I agree, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $640k which is like 7x more than I make on my own..
@@user-zw7cd7pe4u I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..
@@MaryPatricia-wr3wj I've shuffled through a few advisors in the past, and KRISTIN GAIL CUNNINGHAM remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.
@@user-zw7cd7pe4u I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her
Nice content you got, how do one find his/her way of becoming a financial analyst as a beginner?
Can you please make a video on how to acquire those skills like materials or books we need to refer and tell us any required certifications
Will do, that's a great idea!
So much for a college degree. It seems experience outweighs the degree. I recently graduated with a degree in business finance but 99% of these companies require 2+ years of experience which is something I did not acquire unfortunately. I’ve done internships but nothing related to finance since at the time I was majoring in General Business. I could’ve done a certification program for data analysis instead of waste 4 years for a degree. The classes I’ve taken in college had so much useful information and material but it comes to no surprise, when you don’t use it in practice, you’ll forget the information.
It was my fault for not taking an internship within finance in my last year of college
(class of 2022) but if experience is everything then I don’t know what to look for. I’m completely lost right now. If there is anything that I can do, to be able to gain important skills needed and/or get my foot in the door, I am very open to anything at this point. I’ll continue to look for work for the time being.
Hey, thanks for the message. Appreciate its a challenging situation to be in. After putting in a lot of hard work to get the degree, it's frustrating if that doesn't lead to where you want to go.
I'd suggest on top of gaining any finance experience you can through internships, short term employment etc, also focus on building skills through training courses (online or in-person). By doing this you're showing your enthusiasm and drive to learn about Finance and improve your skill set. Best of luck 👍
Great video! I have no experience in finance (I watched your previous video on this) but want to apply to a financial firm. Please may I ask two quick questions:
1. How would I be able to assess their next steps for future growth based on current market news? - Would it be a case of looking at their historic gross margins and comparing this gross margin to the market trends and then looking at areas of market growth that they're not addressing or could address in another way?
2. What's the best resource to find financial data? Bloomberg?
1. Yes both those are plausible ways
2. Bloomberg, Financial Times are good for market info. Seeking Alpha is a good one for data, but it's paid. Google/Yahoo finance are pretty decent free alternatives
@@FinanceUnboxed thank you! 😃
What is expected from us when attending interviews for this role. How do we showcase to them that we have the necessary analytical skills?
Hey, provide examples of when and how you've used these skills during the interview. If it was for a university assignment for eg, you can explain what the problem was you were trying to solve for, what were the obstacles, which data you used and why etc. Hope this helps
Great content! How does a financial analytical person looks like
Like job salary
Life satisfaction
Free time
Ext...
Hey, thanks for the feedback.
A tough one to answer as there a variety of different FAs, in different sectors and companies. Salary will be £28k-£40k, again dependent on company/sector. Hope this helps 🙂
Hello there,as a freshers in finance field could you recommend skills to develop to get into UK finance market thank you.
thank you for taking time to share.. Are analytic skills about using your eyes mostly
My pleasure. Well not sure I've interpreted the question correctly, but it's more than that, need to be able to convey messages well.
I’m a freshman in Banking University in HCM City( Vietnam)
My major is Finance
After graduation, I’d like to undertake a position as Financial Analyst in a international Bank.
So, in the first year curriculum, I must complete irrelevant subjects such as Philosophy, Psychology, Marx Lenin,...
Currently, I don't have anything skills or knowledge about Financial major. I'm a nerd boy, a real bookworm and from a countryside.
Can you give me an opportunity to ask that how can I work in Wall Street? Perhaps I think a University bachelor degree from the ecosystem education in Vietnam is a tough opportunity to work with experts from developed countries, from better educations.
:(((
Hi, that was useful 😊 but I want to know what academic/professional qualification is essential before starting as a financial analyst, can you guide please 🙏
CFA(chartered financial analyst) an American professional certificate
Sir , iam good in advance Excel & msoffice ..is it tough to be Financial analyst
hey do they ask case studies as well?
I enjoyed your video but one feedback from me that you talk like a news reporter. You can take a pause or change your pitch of voice. thanks for the video
Appreciate the feedback Chriag. Hopefully its a bit better in the more recent videos!
I like it like that though helps me understand it better
I will be subscribing your channel because they are really informative. In which country are you doing job?
Much appreciated. I work in the UK!
Could you please provide some books or resources regarding building commercial accumen?
Thanks!
Financial Times and the Economist are good places to start
great insights. Can you say how much opening are there for a financial analyst job in various sectors is it abundant like marketing? Does this job would be replaced by AI in future what do you think?
Hey, I'll make a video answering those questions! Thanks for the questions 🙂
Do you learn how to use Excel on the job? If someone don't have much knowledge on Excel does that mean he will fail on the internships in IB or on a graduate program in the big 4?
No I wouldn't say it's a total deal breaker cause they generally don't test excel skills during the application process. But it does certainly help getting up to speed with the job once you're there. Yes you'll pick up these skills on the job but it's so easy to watch RUclips videos and learn as well, that's what I'd recommend doing.
Sir what do u think about the future of financial analyst jobs? Will it get destroyed in the next 10 years due to automation?
Hey, I think they'll certainly be around. The more data crunching tasks will be automated through artificial intelligence etc but things that require judgement or an opinion to be given, such as valuation, will still require a human input.
How to built analytical skills could you suggest something specific
I'm making a video on training courses actually! it will be out soon :)
I completed my MBA in Finance/HR but due to covid I have not received any practical knowledge... Can you please tell me any course which will help me for getting job or enhance my skills?
Hey, I wouldn't say you need any particular course for a job, especially after your MBA, but in terms of building your skills/knowledge, there are many courses available online. Try Coursera in the first instance for free courses on Finance. It would also be useful to improve your Excel skills - there are plenty of youtube videos on this. Hope this helps!
Amazing video really I appreciate your effort, please tell me if I could find a job from home now I study finance in a business school and I wanna develop my career in this field, thank you again
Yes, you can. There are certainly a good amount of jobs that are only WFH
hey ,very informative video. i want to be in FP & A role.. i completed cma(us) last month and can you suggest what should be the next step to become a financial analyst , as a fresher its very hard to get a job even as junior analyst ..thank you
Hi, thanks for the message. Congrats on the CMA. As you know, getting your foot in the door is challenging. You might need to take a role which isn't that of a FA at first, and then move across to a FA role. Have a look on LinkedIn Jobs for open roles - its normally under utilised. Hope this helps!
@@FinanceUnboxed thanks a ton !!
I am interested in( excel +arithmetic maths+ details of company + Investment) ,
Can I start my career here, if I can how should I approach this field like internships or more deep knowledge,
What to do ??
Hey, given those interests, an investment banking financial analyst role makes a lot of sense. And certainly focussing on getting internships or other work experience is the best entry route. Hope this helps. :)
@@FinanceUnboxed thanks man
Great content! Also, I was wondering how can an auditor at a Big 4 transition to Investment Banking? Do we need to transition to the corporate finance sector in the Big 4 first as in your previous video?
Hey, appreciate the positive feedback 😊
Yes, the easiest way would be to move across to CF first. But, it's also possible to get chances in boutique IBs. Those are quite often overlooked for the bulge bracket IBs. Hope this helps 🙂
@@FinanceUnboxed yes!!! Thank you so much!
@@muhammadhafiz3209 No problem
I’m trying day by day to get IELTS 6.5 Band score (overall)
Why?
Every time, everywhere I hear that excel and powerpoint are very useful platforms for any financial analyst job..........but nobody tells how to get those skills......U also in this video told the skills needed...but not how to get those......Can u please guide how to get those skills...how to learn them..?
Online Courses (I'll be making a video about this soon) and practicing regularly.
Actually loved your eyebrow work more. Lol
🤨
how did you do it can you share with me , thank you
Hey, I applied online with one of the Big 4 accounting firms and got a graduate role after university
Can you recommend a good course on MX excel
I'm making a video on training courses actually! it will be out soon :)
sir learing SQL helps in this role?
Hey, not needed for the role specifically but does show an impressive skill set
Hey buddy , can i also become financial analyst with business degree in Management?
Hey, yes certainly. There isn't a prerequisite degree you need to become a FA. Hope this helps 🙂
Hello I want to be a financial analyst is it possible if I am a BSED MATH graduate?
Yes certainly. The maths element is useful to show that you have the analytical skills. It will certainly not hold you back. Like I say to all, try and get experience through internships etc first.
@@FinanceUnboxed thankyou So much😇🌤
Hey. I have completed MBA with finance in 2012. And I have 1 year experience. I want to restart career in finance. How do I get job? Give me some suggestions.
Hey, what experience have you got exactly? You'll need to highlight the skills that you can transfer to a career in Finance.
@@FinanceUnboxed hey. thanks for replying me.Actually I have experience in sales. I am fresher for finance. But I am learning "Financial Analysis" course from Udemy.com. Is it worth to get a job ? I am advance in Excel. Is SAP is useful for this job?
@@FinanceUnboxed hey I am currently pursuing chartered wealth management course...and developing skills related to financial modelling...do you think it will help me in securing job in Investment banking
@@nidhisaumya1032 yes it will certainly build transferable skills such as analytical skills.
@@FinanceUnboxed thank you
Can I get financial analyst job with acca
Yes, certainly can. You've developed strong accounting technical skills through it
I have a question can a science background student become finance analyst?
Hey, yes certainly. You don't need a specific educational background to work as a FA. Any subject that develops your analytical skills will be beneficial. Hope this helps 🙂
Thank you sir
It's looking like a indian face Is talking n American hands are moving 🤣
Why hire a financial analyst? Its pretty easy, you could just do it yourself
What is an organization and division of labor and specialization lol
Sir could you pls help me with how to take projects online to make financial models
Hmm what do you need exactly? A course?