What it is:
An analyst gathers and interprets data about securities, companies, corporate strategies, economies or. Analysts are sometimes called financial analysts, securities analysts, analysts or analysts (although there is a distinction among these titles).
How it works/Example:
Much of an analyst's job involves gathering data from publications, researchers and other sources; creating financial models; and writing reports or making presentations. Analysts are heavily involved with mergers and acquisitions, consulting, corporate strategy,
Analysts work for public and private companies, nonprofit organizations, banks, brokerage firms, insurance companies, government entities and nearly any other organization that is concerned about making sound financial decisions. They must be able to work well with clients, peers and their bosses; explain their ideas quickly and precisely; have presentation skills; and be extremely confident with spreadsheets and numbers. Some travel a . Analysts typically work considerably long work weeks, particularly early in their careers.
Analysts often have undergraduate or graduate business degrees, but many investment firms train entry-level analysts, which means an undergraduate degree in business is not always necessary if a candidate shows aptitude. Some analysts also enter the Chartered Financial Analyst ( ) program to further their credentials. Many analysts go on to become senior analysts, investment bankers, consultants, and chief financial officers.
Why it matters:
An analyst helps people make decisions. Analysts gather and interpret data to do this, and quite often they have to project future events. To do this well, an analyst has to stay on top of industry and company trends, accounting rules, and a host of other information.
For this reason, analysts carry a great degree of responsibility. The results of their analyses frequently determine the course of major decisions, and a mistake in a spreadsheet or an overlooked piece of information could inadvertently making the wrong decisions, which could have far-reaching effects on client portfolios, prices, corporate strategies or even a company's .