A financial analyst is tasked with researching, analyzing, and interpreting financial and accounting information. A business analyst is responsible for analyzing a company’s technological systems and business processes as they relate to the company’s operations. A key difference of a financial analyst vs business analyst is that the former works in finance while the latter works in information technology (IT). While they are both very analytical roles, they are not focused on the same subject metter (finances vs information systems).
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: