Financial Analyst Course and Career Info Description
To be a financial analyst, you need to have a bachelor’s degree in finance, statistics, or in economics, although you can also take up bachelor’s degree in business administration or accounting. These courses will teach you about accounting policies as well as their applications and procedures. In addition to this, you will also be taught corporate budgeting as well as risk management.
Cost of Education:
If you’re going to enroll in a public institution, each semester is going to cost you about P3,500. However, if you enroll in a private university, the cost is higher at P20,000 to about P45,000.
Top Universities for Course:
- Good universities that offer quality education for these courses include De La Sale University in Manila, University of the Philippines in Diliman, University of Santo TOMAS, Bicol University in Legaspi, and San Beda College. Ateneo de Davao University as well as University of San Carlos also offer excellent courses.
Top Universities Link:
Course Skills and Factors
- Skilled in communicating and interacting with people, both oral and written.
- Professional as well as independent.
- Confident and assured.
- Pleasant, easy to work with, polished, and amiable.
- Mathematical and analytical skills to solve problems.
- Communication skills, both written and oral.
- Good rapport with people.
- Good knowledge of the money market, local and global economy, and tax laws.
- Computer knowledge, particularly worksheets and software.
- Skill in translating financial data and concepts to something that can easily be understood by clients.
- The main responsibility of a financial analyst is to analyze businesses and guide their clients into making wise and practical investment decisions. He takes into consideration the money market trends and the local or global economy when presenting financial and investment concepts to his clients. Other responsibilities of a financial analyst include making budgeting reports as well as cost and credit financial analysis and reports.
Career Outlook and Global Demand
There is a huge demand for financial analysts locally in different industries such as the transport industry, wholesale and retail industry, or the real estate industry. However, if you’re looking for work abroad, the countries that are hiring Filipino financial analysts are Saudi Arabia and Qatar as well as UAE.
Entry-level financial analysts earn about P14,000 to P33,000 monthly, depending upon the company. If you’re working abroad, say for example the United States, you could earn as much as $4,800 monthly.
Opportunities for Advancement:
From entry-level financial analyst, you could move up to the fund manager or the portfolio manager position. You could also advance to a supervisory position where you supervise a team of financial analysts.