A financial analyst is a skilled professional who assesses and interprets financial data to provide insights and recommendations for informed decision-making. Their expertise involves analyzing market trends, company performance, and economic indicators to guide investment strategies, risk assessment, and financial planning. Financial analysts play a crucial role in helping individuals, businesses, and organizations navigate the complex landscape of finance and investments.
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To embark on a career as a Financial Analyst, candidates must successfully complete their 12th-grade education from a recognized board. Subsequently, pursuing a bachelor's degree in fields like finance, economics, accounting, or related disciplines becomes imperative. While entry-level positions can be explored at this stage, opting for a master's degree can significantly enhance professional opportunities. The depth of expertise and experience within the Indian financial industry is believed to influence the remuneration of a financial analyst, with an average annual pay of Rs. 4.5 LPA in the country. The spectrum ranges from a starting salary of Rs. 2.1 LPA to the highest compensation of Rs. 12.1 LPA.
A diverse array of courses is available for aspiring financial analysts. Noteworthy options include BCom, BBA, BSc in Finance, and MBA programs. In order to bolster credibility and showcase proficiency, candidates are advised to acquire industry-relevant certifications such as the CFA. This not only enhances their standing but also provides evidence of their knowledge and capabilities.
For those aiming to major in subjects conducive to a financial analyst career, several esteemed institutions stand out. These include SRCC, LSR, Woxsen University, Loyola College, and NMIMS Mumbai. Aspiring students can gain entry to these programs through various entrance tests like IPU CET, JNU EE, CAT, MAT, and CMAT, known for their rigorous evaluation of candidates.
About Financial Analyst Course
| Particulars | Details |
| Course name | Financial Analyst |
| Course Industry | Commerce, Finance and management |
| Eligibility | Bachelor's degree with 50% pass |
| Job Opportunities | Charities, financial institutions, manufacturers, retailers, international enterprises, and organisations from the public and private sectors. |
| Average Salary | Rs.8 Lakhs per annum |
Eligibility Criteria
Candidates must fulfil specific eligibility requirements in order to work as financial analysts in India. The following are the normal eligibility requirements:
- Education - Bachelor's degree in finance, accounting, economics, business administration, or a closely related discipline is needed for applicants. A competitive advantage may come from having a master's degree.
- The Chartered Financial Analyst (CFA) qualification is well-respected in the financial sector. To demonstrate their knowledge and increase their possibilities, candidates should pursue this or other pertinent credentials.
- Work experience is a requirement for many Financial Analyst roles. Candidates can look for entry-level positions to enhance their abilities and apply their knowledge in real-world situations.
Qualifications Required
In India, there are no formal educational prerequisites for working as a financial analyst. To become a Financial Analyst, candidates might seek a bachelor's degree in any stream. However, it is recommended to have degrees in finance and similar subjects. These are the general requirements.
- Candidates should have a bachelor's degree in business administration, finance, accounting, economics, or a similar discipline.
- They ought to successfully complete the CFA certification, which has three levels: CFA 1, CFA 2, and CFA 3.
- For greater job advancement, candidates can also choose a master's degree, such as an MBA. They can select specialities like marketing, HRM, analytics and data science, retail management, and operations management.
Steps To Become a Financial Analyst
Candidates must follow the steps outlined in the following points in order to become a Financial Analyst in India.
- Complete class 12 - Candidates must pass class 12 in any stream with at least a 50% grade point average. They ought to concentrate on things like accountancy and economics.
- Earn a bachelor's degree – Applicants must work towards a bachelor's degree in a discipline linked to finance. Some of the most popular courses chosen by candidates include BCom and BBA. To pursue these degrees in prestigious universities, applicants must pass entrance exams.
- Choose a master's degree - For greater professional advancement and competitive salary, candidates can opt for a master's degree, such as an MBA in Finance.
- Participate in an internship - Through an internship, candidates can learn how the finance industry operates properly. Through internships, students learn useful skills and become job-ready.
Financial Analyst Courses
Candidates who want to work as financial analysts have access to a wide variety of courses. Some of the most popular courses include BCom, BBA, BSc in Finance, and MBA. The following table lists the specifics for a few of the best courses.
| Particulars | B.COM | BBA Finance | MBA Finance |
| Average Salary (Rs.) | Rs. 20,000 – 45,000 per month | Rs. 4 - Rs. 5 LPA | Rs. 6 - Rs. 7 LPA |
| Course Fees | Rs. 2,500 – Rs. 65,000 | Rs. 2 - Rs. 5 L | Rs. 4 - Rs. 20 L |
| Eligibility | Class 12 | Class 12 | Graduation from any stream |
| Entrance Exams | CUET, IPU CET, NPAT, AIMA UGAT, SUAT | SAT, IPU CET, NPAT, CUET | APICET, MAHCET, UPSEE, TSICET |
| Top Colleges | Delhi University, Calcutta University, Mumbai University | NMIMS, Amity University Mumbai, BITS School of Management, SP Jain Institute of Management and Research | Christ University, Woxen School of Business, PIBM Pune, Amity University |
| Top Recruiters | Deloitte, KPMG, Ernst & Young, PWC | TCS, Accenture, HDFC Bank, EY | Goldman Sachs, Morgan Stanley, JP Morgan Chase & Co, Barclays, KPMG |
Entrance Exams For Financial Analysts
If candidates want to study finance or a closely related field at prestigious universities, they must take entrance tests. IPU CET, DUET, JNU EE, CAT, XAT, MAT, and CMAT are a few of the most well-known tests.
Skills Required To Become a Financial Analyst
Candidates must acquire a variety of abilities in order to successfully fulfil the duties of a financial analyst. The table below lists some of the top abilities.
- Analysing finances mathematical abilities
- Detail-oriented Problem-solving skills and financial market expertise
- Technical Expertise
- Talents in communication
- Business Acumen and Time Management
Advantages of Working as a Financial Analyst
The following are a few advantages that financial analysts can make use of.
- By cultivating strong bonds with management teams, financial analysts gain credibility in the financial sector.
- They are employed in a number of different sectors, including banking, finance, technology, advertising, retail, and e-commerce.
- They provide data-driven insights that aid in corporate growth.
- Compared to other professionals in the same area, financial analysts experience a high level of job satisfaction and job security.
Financial analyst salaries
In India, a financial analyst has an average annual pay of INR 4.5 LPA. A financial analyst's starting pay is INR 2.1 LPA, and the highest pay can vary with the individual’s experience.
Frequently Asked Questions
Ques. What qualifications are necessary to succeed as a financial analyst?
A financial analyst should have a number of key skills, including technical competency, attention to detail, quantitative skills, and problem-solving aptitude.
Ques. What job prospects are there in India for financial analysts?
In a variety of industries, including banking, investing and consulting businesses, insurance organisations, and corporate finance departments, financial analysts can find employment. They might also search for various roles in these circ*mstances.
Ques. What is a financial analyst's monthly salary in India?
Financial analysts in India make between INR 33,547 and INR 34,809 per month.
Disclaimer: This content was authored by the content team of ET Spotlight team. The news and editorial staff of ET had no role in the creation of this article.
