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Become a financial analyst

01/12/2020
Source : Agence Ecofin
Categories: Economy/Forex

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The position of financial analyst became the most promising in the financial sector in 2017 according to Forbes. An increase is expected in the field until 2026 due to an increase attributed to recent growth in companies and the financial market around the world and also in Africa according to the British magazine. To overcome this, the continent needs to train a skilled workforce capable of translating investments into development. The financial analyst is the one who is able to draw the picture of the economic health of a company by carrying out comparative studies based on the results of other competing companies taking into account the general market context. He can thus establish an assessment of the trends and value of a company, and write summary notes on which his employer or clients (traders, portfolio managers) will be based in the context of financial investments, company buyouts, etc.

The salary of the financial analyst  in Africa is usually around 450€ from the first position. She only doubles with years of experience until she reaches an average of 1000 € per month during her career. The salary of the most expert profiles can reach more than 15000 € per month. The analyst financier must have an excellent command of business law, especially elements closely related to the field in which his company operates. He must also have knowledge of oral and written communication. He must be able to adapt to demanding interlocutors who expect transparency and responsiveness from him. On the other hand, one should never lose sight of the fact that an analyst must be aware of new financial trends and current developments in the field in which he specializes, as well as in the preparation of financial models to predict future economic conditions for any number of variables. The right reflex would be to favor the reading of economic and financial newspapers and magazines.

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