To get into the highly dynamic area of financial management and planning, you can start out on any of the following jobs: –
1. Financial service provider
2. Research analyst
3. Financial consultant
A person from the field of research analysis or some related field has a lot of background knowledge in accounting skills, and has a ability to attend to details, has the ability to organize and handle multiple tasks together. The ability to find out the logic behind a problem or situation is also important.
One of the main areas of responsibility for a financial service consultant or a research analyst is the monitoring of securities, trading of money and the analysis of stock market. He / she should also have the ability to recognize trends in the stock market and generalize from it. They are also expected to rationalize the reason behind the trends and are expected to predict the time period of the trend. This helps both corporate and personal investor to make well informed decisions, both in the long term and the short term.
Another important aspect to the field of research analyst or financial service advisor involves helping clients in understanding the market and to make safe predictions. They are also expected to predict future trends. Prediction of the future trends is often vague and sometimes dangerous, but a good research analyst for sees all the important aspects of the market, has a good understanding of both the small and large issues that are likely to affect the market. With this knowledge it is possible to safely predict to a certain degree of success the future trends of the stock market.
A financial service planner or a research analyst whose work involves assisting private investors need to have ample knowledge of tax laws, changes that are likely to take place to the existing tax laws and effects of these changes on estate planning and investment. A good understanding about investments and insurances along with the skills required to help people comprehend the complexity of stock market is very much essential.
To work in the afore said field the least qualification that would have been expected is a Bachelor's degree is any of the following disciplines: Business, administration or economics. Additional requirements include knowledge of global markets and corporate finance, intimate know how of economics, analysis of risk, trading in the forex market and the commodities market.
People skills are also very much essential without which a research analyst may feel like a fish out of water. Communication is also another deciding factor and the ability to make complex things sound simple is another pre-requisite.