Tags: Essay Heading MlaDark Matter Research PaperGreek Food EssayWrite Dissertation AnalysisEssay Mba FinanceBuy Writing PaperImmigration ThesisPsychosynthesis Palo AltoThesis Statement About Child Abuse And Neglect
Similarly, business analysts pore over company data and use their findings to help management make business decisions.This data, rather than being investment related, involves the day-to-day operations of the business.If you are willing to make less money than your contemporaries on Wall Street in exchange for a better work/life balance, a career as a financial or business analyst is worth considering.
Unlike attorneys or certified public accountants (CPAs), neither financial analysts nor business analysts are governed by a central regulatory authority that imposes hard-and-fast educational requirements.
The individual firms doing the hiring determine how much education they require of potential analysts.
So, as you can see, income potential between the two careers is almost identical. Bureau of Labor Statistics (BLS) expects 11% job growth for financial analysts from 2016 to 2026, compared to 7% expected job growth for all occupations.
Factors other than money, such as skill set and personality type, should be used to determine which career is a better fit. The BLS does not break out business analysts, but business analysis, by its nature, is a broader and larger field than the more focused financial analysis, meaning more jobs are available at any given time.
It goes without saying that for an analyst position of any kind, strong analytical skills are a must.
Whether a business analyst or financial analyst, a successful candidate must be capable of spotting trends and anomalies in piles of complex data and make proper inferences from those findings.
For example, an analyst might be assigned to examine a complicated flow chart and determine where a workflow process is convoluted or redundant.
While this kind of task does not require mathematical proficiency, it necessitates strong reasoning skills and the use of logic.
On the financial side, analysts are called upon to help the company, either the analyst's own employer or an external client, make investment decisions.
The financial analyst studies financial data, attempting to spot trends and make forecasts.