SKILLS REQUIRED TO BECOME FINANCIAL ANALYST
Becoming a successful financial analyst requires a mix of technical expertise, analytical abilities, and soft skills. Here’s a comprehensive list of the skills required: Technical Skills Financial Modeling Proficiency in creating and interpreting financial models (e.g., forecasting, valuation, scenario analysis). Tools: Excel, VBA, and specialized modeling software. Data Analysis Ability to analyze large data sets, draw insights, and make data-driven recommendations. Tools: Advanced Excel, SQL, Python, or R. Accounting Knowledge Understanding of financial statements (income statement, balance sheet, cash flow statement). Familiarity with accounting principles (GAAP, IFRS). Valuation Techniques Proficiency in methods like Discounted Cash Flow (DCF), Comparable Company Analysis (CCA), and precedent transactions. Industry-Specific Tools Knowledge of financial platforms like Bloomberg Terminal, FactSet, or Reuters Eikon. Presentation and Reportin...