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Financial analysts are numbers experts, and play a crucial role in the continued success of businesses and companies. They review financial data and use it to prepare projections in order to ensure the continued growth of the company. A financial analyst identifies possible trends and opportunities in the market, and does their best to make accurate recommendations using data analysis. They use their experience and expertise to recommend the best way for businesses, corporations, government agencies and individual people to properly invest, save and manage their money. Being a financial analyst requires specialized education and training. Having these credentials reassures clients and employers that they can trust an analyst with their finances.
5 Requirements to be Financial Analyst
*Certification as Charted Professional Accountant, Charted Management Accountant, or Chartered Financial Analyst may be required for certain job roles.
A financial analyst researches and gathers information related to the finances of their clients or employers. For corporate and business clients, they help decide how best to allocate their financial resources by analyzing their sales, expenditures and profits, along with those of industry competitors, in order to make financial projections. They often have multiple ongoing research projects, so financial analysts need to be able to multitask and ensure that their date is as new as possible. Financial analysts also identify potential opportunities for investment and diversification in order to improve a corporate investment portfolio. Do to the rapid pace at which the market can fluctuate and change, there is a great deal of daily communication required between financial analysts and their employers.
To get an idea of salaries in Canada for a Financial Analyst, visit our Jobillico salary tool.