The increase in the use of technology in the financial industry (fintech) seems to have filled the void of inaccessibility to financial services.
The job of a financial analyst is extremely important in the contemporary society, especially in the time of the economic turmoil.
On the other hand, the job is very perspective and offers wide perspectives for career development.
Often the public perceives the job of the financial analyst as the job of the expert, who can analyze any financial performance and to draw conclusions on the ground of that analysis, as stated in Financial Analyst Duties and Responsibilities.
Furthermore, there are two similar professions which often intertwine with one another: financial and investment analyst.
This job is relatively new in the modern labor market.
As a matter of fact, many people today cannot distinguish clearly between the career trader and financial analyst, as they are very similar and perform similar functions.To begin a career of a financial analyst, one can take the position of the analyst or assistant analyst.Responsibilities of the analyst or assistant analyst will be to work with mathematical models (at the initial stage of introduction and data processing), the collection of information on the particular market, or to perform other simple orders of the senior staff.Professional skills required for the financial analyst are knowledge in macro-and microeconomics, knowledge of the legislation governing the financial activities of enterprises, knowledge of the market and equity securities, and the ability to work in a specialized computer program designed to analyze and calculate data, as described in Financial Analyst interview Questions and Answers.In addition, the duties of the Financial Analyst include asset management, analysis of financial markets (conducting surveys of experts, the news of the economy and finance in real time), work with economic statistics and reports on leading economic powers, reporting, forecasts or conducting various analytical studies, maintaining contacts with investors, and counseling, as stated in Interview with Matthew Harrigan: A Financial Analysts’ take on DIRECTV’s Latam Assets.The Financial Analyst is a specialist, who studies the basic economic parameters that give an objective assessment of the financial condition of the company.Most of the duties of a financial analyst are to analyze the situation in the stock market to take a decision on the allocation of capital.Today, the Financial analyst is a specialist, who deals with financial analysis above all.The financial analysis is one of the newest trends in the economy.Examples of fintech developments that have increasingly been embraced by financial users include crowdfunding, robo-advisers, digital payments, peer-to-peer (P2P) or social lending, and insurance telematics.While these innovative services have disrupted the financial world by including more participants in the money sector, there is still an untapped portion of the world population that remain unbanked or underbanked.