A financial anlayst’s job is to collect, interpret, and analyze financial information. An actuary, by contrast, is person who measures and evaluates risk and probabilities by using actuarial sciences. One of the main differences of a financial analyst vs actuary is that the former works in banking or on the finance team of a company, while the latter works for insurance companies. Both professions deal with numbers by financial analysts deal with financial information while actuaries deal with risk analysis.
Below is a break down of subject weightings in the FMVA™ financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
CFI is the global institution behind the financial modeling and valuation analyst FMVA Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover: