How to get a Financial Analyst job with no experience? | What you need to know 

Hi , I am working for a ASEAN bank...as a Data Scientist...the job is core data science profile...i.e understand requirement, collect data from hive database, analyse, model building using python, ml...so i am looking for same sort of stuff, as I want to build my career in ds, and wants to work deep learning and Artificial intelligence... but now I have got an offer from EY GDS while applying it was mention Data Scientist with cloud technology but on offer letter it is Mentioned senior financial analyst... so I want to know should I accept this offer and join as senior financial analyst...will i get to work using python, sql and ml modelling part as I do not want to restrict myself to create visulaization, charts dashboards, can you give me the idea about this financial analyst role... plese reply asap...as i have to respond to their offer,,,, though I got a decent hike of 60% but I want to give more importance to the work that I like (so i want to be sure that I am joining on similiar role)

@@SBhupendraAdhikari Was looking at this comment as I watched this video. What decision did you end up making?

@@yamiyugi8987 I did not join EY GDS

@@SBhupendraAdhikari ok it sounds line you made the right choice.

My pleasure 😊

My pleasure 😊

Thanks 😊

My pleasure!

Glad it helped!

Glad you found it useful 👍

@@FinanceUnboxed o

Best of luck Nathan. Fair play on taking the CFA challenge up, will certainly be worth it at the end. Glad you found the video useful as well.

Hi. How can get study materials? Can you help me?

@Nathan_Yan hey can you please connect with me? I want to talk to you regarding financial analyst job.

My pleasure 😊

Really appreciate the positive feedback!

Hey, those two skills are critical in my opinion. You'll work in teams most if not all the time as an FA. Being able to communicate and work well with others is something you'll be judged on heavily. Similarly, prioritisation is important as you'll normally be working on multiple deliverables at the same time so being able to distinguish between important tasks and those that aren't is essential. Hope this helps 🙂

@@FinanceUnboxed Wonderful, thank you for your response! If I could inquire further - how would you compare a roll of a senior in public accounting to that of a senior analyst? Commonalities I would assume would be reviewing analysts deliverables and managing day-to-day of projects, giving both upward and downward updates on state of project. I've also noticed in accounting, I've gotten quite a bit more removed from performing actions within our software however my attention to detail is on another level; as is expected of the senior role.

Hello I want to ask something

Thank you! 😊

Thanks

Thanks, appreciate it

Hey, in terms of technical courses, really depends on what type of FA you want to be ie Investment Bankint analyst or something else. For banking, the obvious one is a valuations course. Hope this helps+

@maharaja tewar Would you like to connect and have a discussion about cfa ?

Hey, 1. Think about what sectors you like to read/learn about in your spare time. This doesn't necessarily have to be finance related but could be learning about recent developments etc 2. Commercial awareness is a good skill to have. So, understanding what are the latest trends in certain sectors and consumer behaviour etc. What drives company performance in the sector. Also, MS Excel skills. Hope this helps 😀

@@FinanceUnboxed right, got it! But then again, there’s nothing specific that excites me.. I just like to read and know stuff in general, i just like to know things & facts and stories in general if you know what I mean which is why I think it’s getting all the more difficult for me to figure it out🙈 But Thank you so much for your suggestions!

@@aletsgetloud6 not a bad position to be in. Maybe start ruling sectors out as opposed to trying to find the one. Eventually you may end up with 2/3 options that you're indifferent between.

@@FinanceUnboxed ohh makes sense! Appreciate it👍🏽😇

Hy i am doing my mba in banking and finance distance and m clueless what do do after it all i know is i want to become or get into finance can you plj guide

Hey, glad you found the video useful. It will be helpful as you say to understand some technical concepts. I'd also think hard about what transferable skills you've developed from your previous roles.

Glad you found it useful. I've actually made a video covering skills required: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2kWxtRRLM5w.html Hopefully that's helpful and happy to answer any more questions.🙂

Hey, sure will do!

Online training courses on those topics might help. Best of luck :)

Hey Alex. Taking the CFA Level 1 proves your enthusiasm for building a career in Finance and naturally you'll pick up some technical skills along the way as well. But doing the Lvl 1 itself needs to be ideally accompanied with relevant work experience, through internships etc. This is the best way to position yourself for your first full time role in Finance. Hope this makes sense 🙂

It'll be within their M&A/Corp Finance team mate

Hey, congrats on graduating! I'd focus on searching company websites, the careers sections. I'd also search on Linkedin Jobs because some of them post openings on there. Well done on being on the front foot regarding the career change. Wish you the best in your search.

did you ever find one? i’m holding an MBA now & looking to move out of sales into finance

Get a job first! It’s not easy to get a good job after completing your degree! Nowadays experience in job matters! Entry level without a degree and with a degree holder are payed equally! Do a research on today’s job market and see!

Any updates?

Getting a masters with 0 expierence is the stupidest shit I've ever heard.... You do know most companies would pay for you to get a masters while working for them right? Someone with experience is way more wanted than someone with a degree/masters....

Hey, thanks for the message. I'm not quite sure about what's required in Japan I.e can you get a Finance job without a masters or not. In the UK you certainly don't.

Hey, yes it's very challenging to get your foot in the door. I can sympathise. I'd focus on getting relevant internships or some other role that can act as a stepping stone for the career you're after. Best of luck 👍

I think it was called Introduction to Financial Analysis

Yes certainly. The maths element is useful to show that you have the analytical skills. It will certainly not hold you back. Like I say to all, try and get experience through internships etc first.

Hi Joshua, thanks for the message. I agree that finding the path you feel is right is challenging, especially as you may feel there is a large sunk cost involved going down the wrong route initially. However, I think there is value in exploring a few routes at the start, even though they might not lead to be your longer term career path. I suppose what I'm trying to convey is that you might not get it right the first time, but don't stress about it too much. When making the decision, think about where your strengths and interests lie and which roles offer the chance the develop a wide range of skills. You can develop a specialist skill set further down the line. Best of luck.

@@FinanceUnboxed Appreciate that insight! I know I’m still fairly new to all of this but I guess I just need to give it time for me to figure out a bit more about this industry. Thank you!

Hey Joshua that’s an awesome profession! I’m an 18 year old individual hoping to Pursue a profession in the financial world like a broker, analyst etc you being a experienced individual I’d love if you could share some of the tips you incorporated to be where you are today. Any tips to what degree to pursue ? What programs to join ? I’m just starting to go to a college any information would be truly appreciated.

@@turtl97ow did you get in with a non-vocational background. Did you do any internships? I myself am trying to get into finance.

@@angelcabrera5408 oh jeez I’m so sorry I never responded to this!!! Honestly to get a break into a brokerage firm you don’t need a finance background. Some people on my team never went to college and their last jobs were something in retail. I have a “degree” (its general studies lol) and it’s very sparingly assisted with anything. Even those with finance or math degrees have said it hasn’t helped much. If you’re wanting to get into an internship, I’d highly recommend learning about the culture of the company you’d apply for and try to speak with a manager or recruiter before you submit an app for the program. Lots of companies do college outreach. Even if you don’t land an internship, most firms will hire and train you and pay for licensing. You just have to be very eager to learn and coachable.

There are no qualifications as such required to be a financial analyst. Some are chartered accountants or CFA qualified but not all.

Thank you for the positive feedback, it's much appreciated 😀 In terms of reading, the Financial Times and the Economist are good places to start. You should be able to find their websites through searching them on Google. Other than those, Bloomberg and BBC News are decent as well. Hope this helps!

@@FinanceUnboxed Yes, it's really helpful but can you also suggest some topics to start with?

No topics as such when it comes to financial news. What I'd say is try and understand why certain decisions were made by individuals or companies I.e. don't just consume facts. Hope that makes sense 🙂

@@FinanceUnboxed ohh, got it, glad to be part of your subscriber family 😀

@@hiteshkarira50 Fantastic, got some interesting videos planned. The next one is Day in the life of a FA. Have you got any video ideas for what you'd like to see?

Hey, I'm not sure what course that is exactly. Sorry

Hey, to build knowledge you can take free online Finance courses on websites such as Coursera. There are also some good tutorials on RU-vid. Maybe look at the syllabus for a university Finance course and use that as a structure for which subjects you learn about. Hope this helps.

Hey, I made a specific video on that topic: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2kWxtRRLM5w.html

Hey, it really depends on what your interests are but the common subjects studied are Accounting, Business, Economics, Finance and Maths. Hope this helps 🙂

@@FinanceUnboxed how many years I have to study to become financial Analyst?

A University degree is usually 3 or 4 years, if that's what your after.

My suggestion is to learn a CFA course till you pass all three levels.

Don't you want to continue on your business? I am seeing a contrast scenario , like most of the people want to switch from job to self employed category!!

Hey, there's no such thing as "best job" necessarily. It all depends on what your interests are and what your long term career objectives are. One thing to keep in mind is that you may change industries/job verticals often in your career so don't stress too much about making the "perfect" choice. Hope this helps 🙂

@@FinanceUnboxed thank you it does

@@HarpreetSingh-gz3mh great 👍

Hey, yeah there are opps for CMAs. Not sure about your second question, please can you rephrase

@@FinanceUnboxed bro I too have been engaged with CMA studies , is it possible for getting into big mnc's

@@mrlgaming9343 yes definitely

Hey, it's not a necessity but it is helpful. Knowing just adds to your toolkit

@@FinanceUnboxed Thankyou!

Yes, you certainly can. The qualification provides a good foundation of financial knowledge.

@@FinanceUnboxed Thanks

Hey, tht background should help with landing a financial analyst role certainly. Best of luck 👍

@@FinanceUnboxed i am not that good in accounts and financial management . Should i try to get hold of these 2 subjects ?

@@faizraina7946 being strong in those will certainly help

You could be either an advisor or an analyst. Analyst is harder to get. Sometime biology is a better background, especially for pharmaceuticals.

Yes that will be considered a Finance job

Hi, Udemy courses can certainly help and yes link them. Keep on going, appreciate it can be frustrating not getting anywhere. Best of luck

@@FinanceUnboxed Thank you for your kind reply Sir can you please make a video on what specifical excel skills an interviewer usually test for FP&A roles.

Hey, well done on taking the initiative and doing the course. The certification itself is clearly just one part of the story. Any skills that you can bring across from your previous career will also be important. Doing the course shows that you are serious about a position in the sector and certainly helps your cause. I'd suggest keeping on doing courses if you can, so you can build your technical skills and it'll also look good on applications. Best of luck.

Yes certainly

Most internships are now advertised online on company websites so I'd suggest you have a look at those firstly.

how did u started?

Hey, what role do you want to get into? Are you in investment banking or commercial banking?

@@FinanceUnboxed im in commercial banking , so do you suggest CFA ?

Hi, yes it certainly is useful. Being an accountant you'll naturally be good with numbers and have strong technical knowledge, which will set you up well for a Financial Analyst role. Hope this helps. 🙂

@@FinanceUnboxed and sir of you don't mind can you please answer my one more question? For becoming a financial analyst which type of role i should choose for my articleship in big 4 like audit ,tax ,or something else.?

Financial analyst roles are available in the Transactions department predominantly. In Consulting, you can join at an entry level and the skills you'll develop are pretty similar to what you'd need for a Financial Analyst role. You can do an articleship in audit and tax but it won't be as a Financial Analyst.

@@FinanceUnboxed thank you very much

@@anuragjain464 my pleasure 😊

Hi, appreciate it can be frustrating when you don't get a reply to your applications. Have you tried Linkedin for opportunities?

Hey, no its not needed, atleast in the UK. Not sure whether it is where you're based

@@FinanceUnboxed what about India?

@@riyakhanna6364 I'm not too sure about the usual requirements in India but I'm sure you'll be able to quickly find out by having a look at a few job specs for FAs.

@@FinanceUnboxed Thank you.

@@riyakhanna6364 I do some research on this , my findings are -MBA/CA are actually very much preferred in India for FA post . There are few companies who recruit graduate freshers as fA though experienced graduates (2-3 years) have more chance

You can reach me through instagram DM - @financeunboxed

(Raises his eyebrow whilst reading this comment)

​@@FinanceUnboxed you can also work on your body language. You held your hand throughout the video, even in transitions.