A financial analyst is responsible for gathering and organizing financial information, analyzing it, and then creating presentations and recommendations to be shared with management of a company or clients. A data analyst works with large number sets that come from a wide range of sources such as operations, customers, safety, health, engineering, etc. and analyzing them and turning them into recommendations and takeaways for management or clients. The main difference between a financial analyst vs data analyst is that the former only works with accounting and financial figures, while the latter works with a wide range of numbers from different industries.
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: