Financial Analyst: A Profitable Career Option for Finance Jobs!

In the current job market, the hottest job position that is more in demand is of financial analyst. A person who can meet the new expectations of the employers in the finance area will surely find more employment and professional growth opportunities.

Who is a financial analyst?

A financial analyst also known as a business analyst is a person who is involved in monitoring the financial movements of a company. The main task of an analyst is to evaluate a company’s financial risk and drafting financial forecasts. With the assistance of these analysts, companies can make well-informed financial decisions, develop cash flows, debt strategies and maintain their budgets.

Industries that demand financial analysts

There are several industries, which require a person for handling various finance related issues. Some of these industries include:

Accounting and Auditing services industry
Aerospace and Defense industry
Banking industry
Biotechnology/Pharmaceuticals industry
Business Services industry
Computer Software/Hardware industry
Construction industry
Consumer Packaged Goods industry
Education industry
Electronics, Components, and Semiconductor industry
Energy and Utility industry
Engineering Services industry
Financial Services industry
Financial Analyst Job Duties:

Evaluate an organization’s financial risk and prepare a report describing financial forecasts, financing options and capital management strategies
Assist in preparing a company’s budget
Determine cost of operations by collecting and analysing operational data
Identify the present financial status of the company by analysing and comparing actual results with plans
Establish various policies and procedures related to cost
Recommend various solutions to improve and manage financial status by monitoring and identifying financial trends
Maintain database by collecting, verifying and backing up data
Develop automated accounting applications with an aim to boost productivity
Keep financial information confidential
Work with company officials to gain a better insight into the company’s prospects and management?
Educational qualifications:

In order to get into this job position, one must have an undergraduate degree in finance, management, economics, statistics and administration. Having certifications and a graduate degree can notably enhance an applicant’s prospects. Furthermore, an internship during studies can be really fruitful in the long run.

Skills required:

Various skills required to become a successful analyst include:

Excellent communication skills including both verbal and written
Detailed understanding of companies
Superior analytical and organizational skills
Project management skills
Ability to create financial models
Ability to work independently and take sound decisions
Better understanding of financial and quantitative concepts
Must be able to manage multiple tasks, projects
Knowledge of computers and other latest technologies
Salary overview

In India, the average salary of a financial analyst is in between INR 3,00,00 to INR 4,00,00 per year. As the experience increases in this job position, the chances of higher income also increases. Furthermore, knowledge of various factors like risk management or control, valuation, SAS, SAP financial accounting, financial modeling, etc, can fetch you a smart salary.


A financial analyst job is definitely the most lucrative career choice, especially for those who are very good at analyzing financial concepts. An experience in this profile will provide you high income and other benefits. However, strong competition is expected for this job position. A deep understanding of the roles and skills and financial terms along with a relevant experience can boost your chances for getting the job.

Accounting Degrees and Expected Salaries

Changing financial laws and tougher monitoring of a company’s finances means the Bureau of Labor Statistics expects much faster than the national average long-term job growth for accountants and auditors from 2008 to 2018. In addition, most of these new jobs will require at least a bachelor’s degree in accounting or a related field.

As a new business launches, accountants and auditors should be required to set up books, prepare taxes, and provide management advice. There is a wide number of options available where you can study accounting courses online and obtain job skills to prepare for a career in accounting practices.

BS Accounting Degree Features

Most web-based programs are designed so that you can pursue your educational goals entirely online, at any time of day or night. You will most likely work closely with professors who are experienced in accounting and who are dedicated to help you gain a solid background in economics, finance, management, law, information systems, quantitative methods, and taxes. Other features of accounting degrees help you in the use of financial reporting of business applications, plus they improve your communication skills, teamwork and decision making, while getting a strong work ethic and practical experience.

How Much Can You Expect To Get Paid?

As there is currently strong demand for Accountants and Finance professionals, graduates can earn good salaries as soon as they graduate. Experience and Education are the two main attributes all companies and employers look at before employing someone. A person with a good educational record will be able to get a job with increased responsibility and higher salary. Position, business, and location are the three central issues in setting starting salaries. Without a degree it is hard to get an entry-level job, decreasing your options and lowering your chances to progress up in a company. Most entry-level roles require a Bachelor’s Degree and the starting salary is about $38,000.

Those who have already gained their Bachelor’s Degree in Accounting may want to move on and earn their Master’s Degree in Accounting to make their chances of landing a senior position higher. Salaries for these positions generally start at around $45,000 to $62,000. Dependent on the number of years of experience that the candidate has, some positions can have salaries up to $125,000.

Accounting is just the same as all other industries. More education generally means an increased salary and responsibility. If you are contemplating joining the accounting field, make sure you speak to your career counselor for guidance.

Debt Management Tips

With the increasing number of loans and credits offered by banks, credit card companies and other lending institutions in the form of advertisements and promotional campaigns, there are a huge number of people with debt. And increasingly, people are finding it extremely difficult to manage their debt effectively. People without an accounting background find it an impossible task to manage their funds and debts. The knowledge of at least the basics of financial management and debt consolidation is a must for everyone as it paves the way for a sound status of personal accounts.

An improper finance management can lead to a high level of stress and can provoke people to take some bad decisions that can ruin their debt level further. Managing debt is not a tough job, if one sticks to the basics of money management. There are a few healthy practices that can, if followed properly, substantially reduce stress and help in cutting down debt at the same time.

There are few processes which can offer a base for healthy financial living, if not a complete solution to people overwhelmed by their debt. For people with a heavy debt load the professional help of a credit counselor or banking professional is recommended to get back on track to debt consolidation.

For advanced debt management, people need to have a sound financial structure. A mere act of making monthly payments and then forgetting about all about it is a bad practice. There is a need of a structure and a system to reduce the debt quickly and efficiently. The most important thing to reduce outstanding debt is to manage a budget. All the expenses should be listed in a proper order. The necessary and expected expenses like mortgage or rent, utilities, other bills, groceries, car expenses, day care etc should be written down with the specifics of the amount needed and the date and mode of payment. This process helps in ascertaining the amount of disposable income at any time during the month before and after the expected paydays. Some of the dates may need to be changed to accommodate the salary schedule. There should always be an amount reserved for miscellaneous expenses like entertainment or fun trips.

After the listing of expenditures, the debt repayment plan is crafted. As per the monthly expenses schedule, the amount of extra money per month should be calculated. This amount is specifically utilized for the debt repayment for each month. The primary key to repaying the outstanding debt with this extra money is to have a plan or strategy. The debt with the highest interest rate should be settled first. In case there is no debt with a high interest rate, the debt with the lowest amount owing should be settled first. After this, the other minimum payments can be considered. After the complete payment of one debt, one needs to quickly move on to the next one. This process will ensure that all the debts are paid off in an efficient way.

After all the debt clearing, one needs to learn a lesson from this task and should follow this practice in future. Going forward, the budgeting and proper money allocation practice should be followed. It will certainly avoid this kind of debt condition in the future and make things a lot easier.

The Best Car Insurance Rates

If your car insurance is due for renewal and you are considering buying another policy then this article will provide you with important facts that you should know about. Car insurance policies are getting increasingly expensive and you should do all that you can to reduce your costs. How much you have to pay for your car insurance is dictated by a variety of factors as they apply to you and your vehicle.

In this article we will examine coverage limits, your age, gender and marital status, your location and insuring other household members. All of these factors will have a great influence on how much you will have to pay for your policy.

Coverage limits are generally dictated by the price that you are willing to pay for your insurance. A higher level of coverage will generally result in higher premiums. The best way to find a good value policy is to comparison shop. Nowadays it is generally accepted that the best way to do this is by using a car insurance comparison website.

Your age, gender and marital status will have a great effect on the auto insurance rates that you are offered. Insurers rate drivers using a variety of criteria, if you are a young single male driver you will usually have to pay higher rates. If you are a middle-aged female married driver then your rates will be lower. Insurers calculate the best car insurance rates for you by comparing levels of risk. Those groups which are statistically more likely to be involved in an accident have to pay correspondingly higher rates.

Location plays an important part in deciding how much your premiums will cost. Drivers who live in an urban environment will usually pay more than those from a rural area. This is because drivers who live in cities and heavily populated areas are more likely to be involved in an accident, or to have their car stolen or vandalized. Insurers generally offer better rates if you’re able to demonstrate that you keep your vehicle in a garage at night. You may also be able to improve the security arrangements of your automobile by fitting an alarm, immobilizer and steering wheel lock.

Insuring other household members will have an influence on the cost of your policy and the best car insurance rates that you offered. If you have teenage family members living with you and they are added to your policy, then your costs will increase. This may still work out cheaper than if your teenage driver were to have a separate policy in their own name.

In conclusion, there are a variety of different factors which can affect your ability to be offered the best insurance rates. Some of these are coverage limits, how old you are, whether you are male or female and whether you are married or single. Your rates will also be affected by the area where you live and whether other household members are included in your policy.