What are the major functional responsibilities of a Financial analyst. What person should know when go for interview. What kind of questions can be asked.
2006-10-17 21:04:48 · 9 answers · asked by vaqaskhan 2 in Business & Finance ➔ Corporations
Analise finances, wow, imagine that
2006-10-17 21:06:40 · answer #1 · answered by Southie9 5 · 0⤊ 4⤋
Hi, I used to be a personal banker. And you DO NOT NEED a CFA to do so. However a uni degree or diploma may be required depending on the criteria of the bank. If u wan to be a financial analyst, a CFA will indeed secure u a bteer chance though its also not totally the only pre requisite. MBA is not as useful as the CFA in what u are looking for. Perhaps a job as an equity or research analyst will gain u good experience.
2016-03-18 21:24:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Simply put, a financial analyst should be well versed and able to decipher the statement of income and statement of condition of a financial institution.
Depending on what is the focus of the financial institution (banking, trading, insurance, etc.), many questions may be asked. Bottomline is that you should at least know how that industry makes its money and how the business is conducted.
A good starting point will be a good background in the financial markets (trends, conventions, etc).
One question would be: if i increased my deposits, how does it affect my balance sheet and how should i handle it to make more money from it?
Hope this helps and goodluck on that interview. Break a leg.
2006-10-17 21:17:57 · answer #3 · answered by iyah13 2 · 1⤊ 0⤋
A financial analyst is someone who is responsible in the interpretation of the financial information (eg. Profit and loss account / income statement, balance sheet, cash flow statement etc.) Financial analyst is responsible also in financial managment. Financial management includes procurement of funds, allocation of funds and fund control. It means to say that as a financial analyst, you work in a company to raise funds for corporate investments and fund requirments. You also work to allocate the financial resources according to priority or according to how you find it appropriate. And as a finacial controller, you make sure that financial resources are spent as per allocation.
Moreover, as a financial analyst you forecast finances, analyse financial performance using financial data, provide financial advises to the company and device strategies to better manages/use financial resources in an efficient way while at the same time fulfilling the company's goals and objectives.
If you are applying for the job you should be a finance or accounting major. Definitely, you'll be asked to perform a financial analyses of a financial statement and you should expect question related to financial and managerial accounting.
Hope I was able to help.
2006-10-17 21:29:12 · answer #4 · answered by Lars Ulrich 3 · 3⤊ 0⤋
Financial analyst can do analyzing the financial stuff for a company for example (incme ,outcome,tax,..)
the kind of questions that can be asked are:
talking about yourself, your study,the most thing you have done .
2006-10-17 21:15:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
they are the one who does everything after accountants have finished job. They have 2 jobs;
1. to uncover what account has intended to hide
2. twist financial statements in various ways to interpret and forecast future of corporation.
Question would be any' just think if you were owning specific business how would you do/decide and then answer.
2006-10-17 22:53:57 · answer #6 · answered by gujjubadshah 2 · 1⤊ 0⤋
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2014-12-18 13:33:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
in very basic terminology they take your money by telling you the simple and basic common sense solutions to saving and not over extending your financial income.
do not use credit cards to pay off debt, consolidate your loans to save paying more than one interest rate etc etc
2006-10-17 21:17:03 · answer #8 · answered by trvrrhds 3 · 0⤊ 0⤋
http://www.bls.gov/oco/ocos259.htm
2006-10-17 21:07:39 · answer #9 · answered by St♥rmy Skye 6 · 0⤊ 0⤋