Prepare Yourself For Financial Analyst & GST Advanced
Get to know about the basics and what all is needed for the profiles along with numerous additional factors related to financial analyst and GST Advanced
Photo Credit : Shutterstock
If you get excited by the idea of having a ‘cool’ career, If you have a brain which entices for the numbers, if tracking stocks, bonds, equities, and other financial instruments give you an adrenaline rush, and if you wish to work for banks, investment houses, stock brokerages, or insurance agencies, then Financial Analyst profile is something you should prepare for. It is one of the most coveted careers in the industry at present moment which will introduce you with the high-risk, high-reward situations and will also help you boost your confidence to a whole new level.
The first and foremost step to kick-start your financial analyst journey is to learn how to become a financial analyst and then building your future in it. It is a very competitive industry and it is very tough to break into the field. According to a recent survey conducted by Henry Harvin, there is a talent shortage of 50,000 trained financial analyst professionals in India at present.
Before pursuing the career, it is very important to understand the job responsibilities of the financial analyst. It is critical to learning about the job description thoroughly since in the most scenarios, the job description is likely to change depending upon the requirements of the employer. The job of the financial analysts is to analyze the financial documents of the company and forecast the business trends based on current market scenarios.
To be a successful financial analyst, it is very important to start early as a student. Get an internship as early as you can and gain invaluable experience in the market. Furthermore, attaining financial degrees such as Chartered Accountant (C.A.), Chartered Financial Analyst (C.F.A.), and Certified Management Accountant (C.M.A.) helps in getting financial analyst positions in the companies. Moreover, it is very important to get specific training to remain updated with ever-changing trends in the market. For example, In Delhi, C.A.s are currently undergoing various training workshops conducted by Henry Harvin and ICAI to cope up with constant changes in law and introduction of GST.
Learn about the Responsibilities of a Financial Analyst:
* Start reading major publications (such as the Wall Street Journal) to get an exposure of the economic climate on a regular basis.
* Learn to conduct comparables analysis and market research.
* Learn about technical terminology and keep updating your knowledge of financial instruments, market conditions, and trends.
* Learn how to compare and prepare reports.
* Improve your interpersonal skills, including oral and written communication skills.
* Learn how to communicate with executive level management.
* Learn how to handle stress and cope up with high-pressure situations.
Apart from that, if you wish to become a financial analyst in the 21st century it is important to have a bachelor’s degree- preferably with a major in economics, finance or statistics. Apart from that MBA graduates are also preferred highly for the profiles of the financial analyst.
You need to prepare yourself for a work environment which is burdened by tremendous responsibility for the financial performance. It is a high-stress job which requires you to be on your toes every time and make quick decisions. It is a fast-paced job and most of the financial analysts spend their time on phone calls only, hence be prepared to spend most of your time of cell phones only.
Apart from that, a huge fraction of financial analysts’ works for a considerable number of hours, hence it is important that you also prepare yourself for a strenuous journey prior to making a career as a financial analyst.
Additionally, all those who also wish to prepare themselves for GST Advance can note some of the below-listed points:
GST stands for “Goods and Services Tax”, an indirect tax which is levied on manufacture, sale, and consumption of goods as well as services at the national level.
* Learn about the basics of the GST, objective of GST, and why was it important to consolidate all indirect taxes into a single tax, except customs, replacing multiple tax levies.
* Learn how to overcome the limitations of the existing direct-indirect tax structure.
* Learn about the advantages of GST.
* Learn about the impact of GST on national and international markets.
* Learn about the GST policy development and its implications.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.