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HiBeing a financial analyst appears to be a lucrative career but it also demands proper time and dedication. You have to devote hours towards researching and practicing your techniques in the markets. You have to be aware of the current developments in the field you specialize in and also have to build financial models keeping in mind economic situation of both present and future predictions about the economy.More specifically, financial analysts research about macroeconomic and microeconomic conditions along with company fundamentals then they make predictions about businesses, sectors, and industries. They also often recommend a course of action, such as to buy or sell a company's stock based upon its overall performance and outlook. So basically you have to excel in the knowledge of financial markets and its instruments and how all that works. But not all the financial analysts work in the markets. Some companies hire analysts, for example, to use statistics to find the efficacy of the marketing techniques relative to cost. The analysts determine where the strength and weaknesses lie and do profits and losses forecasts.REQUIRED SKILL SET AND EDUCATIONNo career wide education minimal exists though. In present era a bachelor’s degree along with masters in Economics or Statistics has become a de facto requirement to be a financial analyst. Other majors that are looked upon favorably include accounting and math, and even biology and engineering—if one might want to specialize in analyzing those industries. The competition is too great, and college or advanced degrees are too common in the job market to have a serious chance of applying with less than a B.A. The big investment banks, where the huge salaries get paid even in your first year, recruit almost exclusively at elite colleges and universities, such as Harvard and Princeton. Candidates applying with degrees from less-prestigious schools can increase their chances by continuing their education and obtaining an MBA from a highly ranked business school. MBA graduates are often hired as senior analysts right out of business school.Regardless of these requirements you need to have strong quantitative skills, expert problem solving ability, adeptness in the use of logic and, obviously and necessarily, good communication skills. Financial analysts have to analyze the data but they have to also present the data to seniors in a simple way.CERTIFICATION COURSESIf you aren’t any of the above mentioned, that is, you don’t have masters in Economics or Statistics or you did not wish to go for MBA, you can go for certain certified courses such as series7 or series 63 exams or CFA- Chartered Financial Analyst. Participating, however, in series 7 exam will require a sponsorship from a FINRA member firm or a regulatory authority. However, as of October 2018, FINRA is taking the common questions from Series 7 and other tests, and putting them into a new exam called the Securities Industrial Essentials Exam (SIEs) you can take this test without sponsorship. While the CFA exam is highly technical, the Series 7 and 63 exams are other ways to demonstrate a basic familiarity with investment terms and accounting practices. If you look at a sample CFA exam and it seems overwhelming, start by taking the SIE and then work your way up to the CFA exam, or begin to interview for junior analyst positions after passing the SIE. Many institutions also have training programs for candidates who show promise in the field.Types of Analyst PositionsThe field of financial analysis is broad, featuring a variety of job titles and career paths. Within the financial/investment industry, three major categories of analysts are those who work for:BUY-SIDESELL-SIDEINVESTMENT BANKSWORKING WITH THE BUYSIDEMost of the people work with what is known as buyside. They help their employers to make the decision on how to spend money, whether that means investing in stocks or securities for In house funds or for allocating marketing dollars.WORKING WITH THE SELLING SIDEThese people evaluate and compare the quality of securities in a given sector or market. Based on this analysis, they then write research reports with certain recommendations, such as "buy," "sell," "strong buy," "strong sell" or "hold." They also track the stocks that are in a fund's portfolio in order to determine when or if the fund's position in that stock should be sold. The recommendations of these research analysts carry a great deal of weight in the investment industry, including with those working within buy-side firms.INVESTMENT BANKING AND EQUITY ANALYSTSAnalysts in investment banking helps in determining the companies that certain deals such as acquisitions and mergers and Initial public offerings will be beneficial or not. They do it with the help of analyzing the current situation and forecasting to recommend that the certain merger will be beneficial or not or the client should go for certain venture investment or not.Based on above information you can choose your field. No doubt it is great career option but it also requires patience and hard work. There is a very good site called testpreptraining which has free question papers and good material relating to finance. and the source is Anandita Doda’s profile.

HiBeing a financial analyst appears to be a lucrative career but it also demands proper time and dedication. You have to devote hours towards researching and practicing your techniques in the markets.You have to be aware of the current developments in the field you specialize in and also have to build financial models keeping in mind economic situation of both present and future predictions about the economy. More specifically, financial analysts research about macroeconomic and microeconomics conditions along with company fundamentals then they make predictions about businesses, sectors, and industries. They also often recommend a course of action, such as to buy or sell a company's stock based upon its overall performance and outlook. So basically you have to excel in the knowledge of financial markets and its instruments and how all that works. But not all the financial analysts work in the markets. Some companies hire analysts, for example, to use statistics to find the efficacy of the marketing techniques relative to cost.The analysts determine where the strength and weaknesses lie and do profits and losses forecasts.REQUIRED SKILL SET AND EDUCATIONcareer wide education minimal exists though. In present era a bachelor’s degree along with masters in Economics or Statistics has become a de facto requirement to be a financial analyst. Other majors that are looked upon favorably include accounting and math, and even biology and engineering—if one might want to specialize in analyzing those industries. The competition is too great, and college or advanced degrees are too common in the job market to have a serious chance of applying with less than a B.A. The big investment banks, where the huge salaries get paid even in your first year, recruit almost exclusively at elite colleges and universities, such as Harvard and Princeton. Candidates applying with degrees from less-prestigious schools can increase their chances by continuing their education and obtaining an MBA from a highly ranked business school. MBA graduates are often hired as senior analysts right out of business school.Regardless of these requirements you need to have strong quantitative skills, expert problem solving ability, adeptness in the use of logic and, obviously and necessarily, good communication skills. Financial analysts have to analyze the data but they have to also present the data to seniors in a simple way.CERTIFICATION COURSESIf you aren’t any of the above mentioned, that is, you don’t have masters in Economics or Statistics or you did not wish to go for MBA, you can go for certain certified courses such as series7 or series 63 exams or CFA- Chartered Financial Analyst. Participating, however, in series 7 exam will require a sponsorship from a FINRA member firm or a regulatory authority. However, as of October 2018, FINRA is taking the common questions from Series 7 and other tests, and putting them into a new exam called the Securities Industrial Essentials Exam (SIEs) you can take this test without sponsorship. While the CFA exam is highly technical, the Series 7 and 63 exams are other ways to demonstrate a basic familiarity with investment terms and accounting practices. If you look at a sample CFA exam and it seems overwhelming, start by taking the SIE and then work your way up to the CFA exam, or begin to interview for junior analyst positions after passing the SIE. Many institutions also have training programs for candidates who show promise in the field.Types of Analyst PositionsThe field of financial analysis is broad, featuring a variety of job titles and career paths.Within the financial/investment industry, three major categories of analysts are those who work for:• BUY-SIDE• SELL-SIDE• INVESTMENT BANKSWORKING WITH THE BUYSIDEMost of the people work with what is known as buyside. They help their employers to make the decision on how to spend money, whether that means investing in stocks or securities for In house funds or for allocating marketing dollars.WORKING WITH THE SELLING SIDEThese people evaluate and compare the quality of securities in a given sector or market. Based on this analysis, they then write research reports with certain recommendations, such as "buy," "sell," "strong buy," "strong sell" or "hold." They also track the stocks that are in a fund's portfolio in order to determine when or if the fund's position in that stock should be sold. The recommendations of these research analysts carry a great deal of weight in the investment industry, including with those working within buy-side firms.INVESTMENT BANKING AND EQUITY ANALYSTSAnalysts in investment banking helps in determining the companies that certain deals such as acquisitions and mergers and Initial public offerings will be beneficial or not. They do it with the help of analyzing the current situation and forecasting to recommend that the certain merger will be beneficial or not or the client should go for certain venture investment or not.Based on above information you can choose your field. No doubt it is great career option but it also requires patience and hard work. I am attaching a link that can be for preparation of these finance related exams and has relatively good material-https://www.testpreptraining.com/business-certifications-practice-exams/finance-testprep