To become an investment analyst, one needs post-secondary training, related work experience, to submit a job application, and complete the job interview process. Attention to detail, discipline, and focus are essential. A college degree is required, and related work experience includes accounting, stock trading, chief investment officer, or treasurer. The job interview process includes at least two rounds of interviews.
There are four steps required to become an investment analyst: post-secondary training, related work experience, submitting a job application, and completing the job interview process. An investment analyst spends most of the day reviewing business financial reports, stock market performance and monitoring them over a short and long term period. Using this information, it makes recommendations to clients about the best time to buy or sell stock or shares of a particular company.
Attention to detail, discipline and focus are essential for anyone who wants to become an investment analyst. People who have a refined analytical mind, enjoy working with numbers and prefer to work independently, find the greatest satisfaction in this type of work. There is a limited amount of interaction with others in this job as the analyst is reviewing reports and data to create recommendations.
The first requirement to become an investment analyst is to obtain a college degree. The degree can be in accounting, mathematics, business or a related field. There is an ever-increasing amount of regulation in the investment industry, which requires personnel trained in accuracy, precision and procedure.
Related work experience includes accounting, stock trading, chief investment officer or treasurer. All these jobs allow you to gain valuable experience in working with numbers and computers. For most people who want to become investment analysts, the first job they get is an internship at an investment firm. Typically, this formal program lasts a year or two and allows the company to train the analyst on its own business processes and expectations. The salary during this period is quite low, but upon successful completion, there is an increased salary range available.
When applying for a job as an investment analyst, review your resume and cover letter, checking for any grammar or spelling errors. It is becoming more and more common for investment firms to require a credit and criminal background check during the application process. Keep this in mind when applying. People with poor credit or a history of money management issues are not considered suitable candidates for this type of job.
During the job interview process, investment firms have at least two rounds of interviews. The first round is with the human resources team and is a preliminary interview. They have a standard list of questions and look for complete and concise answers. Think about your answers, stay calm and focus on the skills you bring. The second interview is usually held with the head of the department and is usually quite short.
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