How to become a Financial Analyst?

Job Responsibilities of a Financial Analyst

Becoming a financial analyst in India involves several preparatory steps, and it’s essential to start planning your career path early on.

1. School-level Preparation

Begin by successfully completing your 10+2 education with a focus on commerce or science. Having subjects like mathematics or accounting in your class 12 curriculum can facilitate the process of clearing certifications later on.

2. Undergraduate Preparation

Following the completion of your 12th standard, pursue admission in a bachelor’s degree program. Many universities offer degrees such as BBA-Finance and BCom, which are well-suited for aspiring financial analysts. Admission criteria typically consider the percentage secured in class 12th.

Entrance exams such as IPU CET, JNU EE, CAT, MAT, and CMAT are commonly required for admission to these courses.

3. Postgraduate Preparation

After obtaining your BBA/B.Com degree, consider pursuing further education like an MBA or M.Com which significantly enhance your salary package and career prospects spanning about 24 months and are available at various universities with specializations including finance, retail management, marketing, and more.

Alternatively, you may opt to gain some industry experience before pursuing a master’s degree in a relevant specialization.

4. Work Experience

For those already working, accumulating 1-2 years of experience in a finance-related field is beneficial before transitioning into a role as a financial analyst.

5. Gain Relevant Certifications

Acquiring relevant certifications is crucial for starting a career as a financial analyst in India. Consider pursuing certifications that align with the requirements of the industry.

There are numerous courses one can pursue to become a Financial Analyst, including BCom, BBA, BSc in Finance, and MBA. Certifications such as CFA are also highly relevant, showcasing expertise and skills in the field. Top colleges offering courses relevant to Financial Analyst roles include SRCC, LRS, Woxsen University, Loyola College, and NMIMS Mumbai.