Analyst

An analyst is a profession whose main goal is to analyze various kinds of data and draw certain conclusions and conclusions. Analysts are required in research and scientific institutions, in banks, in the insurance business, in medicine, economics, government agencies. The activity of an analyst is the collection of various data, their analysis and interpretation. Methods of analysis are selected depending on the goal pursued by the analyst.

The history of the emergence of the profession Analyst How did the profession originate? How did the profession develop?

The emergence of the profession of an analyst is associated with the need to collect and analyze large amounts of information and subsequently process the results. Financial analysts are the most in demand today. These specialists must know the market well valuable papers and finance, be able to analyze it, highlight the main financial indicators, give forecasts of further market behavior.

Significance for society Importance, meaning and social status professions

Analysts are needed by large manufacturing enterprises in order to monitor the market, determine the competitiveness of the company, optimal prices, market trends. Analysts are also required by financial institutions to predict the cost of precious metals, real estate, and securities. On stock exchanges, analysts analyze the situation on the markets and make recommendations for traders.

Features of the profession Analyst The uniqueness and prospects of the profession

To become a good analyst, one must not only be well versed in economic processes and the principles of their functioning, but also have a good command of a computer, including special programs for statistical data processing. The main requirements for an analyst are excellent knowledge of mathematics and the ability to draw conclusions.

Pitfalls of the Analyst Profession All for and against the profession. Difficulties and features.

Workplace analytics - in the office at the computer. Working hours are usually standard. There are no special health requirements, but it should be borne in mind that working on a computer requires regular breaks to rest the eyes, back and arms.

Where and how to become an Analyst Where are the professions taught?

The profession of an analyst is obtained at economic faculties in universities. The main subjects for this specialty are higher mathematics and economics. The main quality of a good analyst is the ability to draw conclusions, think creatively, be able to analyze any data quickly, find a way out of non-standard situations.

Analytics is a science that collects and analyzes information. Specialists whose duties include this work are called analysts.

What kind of profession is this, how to learn it, what are the prospects, the level of wages, is it relevant to study and are there any disadvantages - read about all this and much more in this article.

Who is a financial analyst and what does he do?

The activity of this employee in the field of finance is closely related to the analysis of a huge amount of data. All his work can be divided into a couple of successive decisions.

A good financial expert, working in a bank or any other firm, must have knowledge of financial disciplines. It is also possible that you will have to go on business trips and practice to develop skills.

Many people who studied for this profession later got a job in another, as they simply could not cope with the volume of work.

Qualities of a good analyst:

• accuracy;
• learnability;
• ability and desire to learn;
• ability to work on large quantity information;
• attentiveness.

Analytics professions

Among the huge variety of professions, there are those that are quite closely related to analytics.

Let's list them:

• marketers;
• various inspectors;
• scouts;
• customs officers;
• lawyers;
• economists;
• engineers.

What are analytics?

1. Financial analyst - is a financial market professional. His job is to determine the amount of profit and expenses. He follows trends. Working in the analytical department at the enterprise, he can be engaged in the evaluation of securities.
2. web analytics- the specialist considers the set of data collected by the systems on the portals of interest. His further actions depend on the task assigned to him. These professionals are in high demand these days.
3. Sports Analyst - this specialist, whose task is to monitor sports betting and winning money. He makes predictions for games, shares them with people and gets paid for it. They are divided into narrow areas, depending on the sport - hockey or football analysts, figure skating analysts, etc.
4. Stock analyst- is engaged in the analysis of what is happening in the exchange market. He also singles out the most important thing from the whole mass and then passes it on to the customer.
5. It analyst- His competence includes solving automation problems. He collects main information from all points of the process and describes the functionality of the software.
6. Computer systems analyst is a highly qualified specialist. Develops and tests computer programs. Participates in application review.
7. Systems Analyst - he analyzes processes for automation and development of models of items to the software.
8. Business analyst - such a specialist performs tasks related to the study of companies. Their goal is to improve the activities of the enterprise, to find ways to solve the difficulties that have arisen. Such workers are needed in trade and industry.

Tasks and Responsibilities of a Financial Analyst

The expert is given a specific task. After that, he looks through a huge amount of information and selects only the most important events that can affect the corporation or the economic market.

Forecasts are the more complex and responsible part. The specialist must determine the further situation on the market as accurately as possible.

He must know spoken and business English. He needs to be able to work in financial programs.

Key Responsibilities of a Sales Specialist:

• viewing the economic situation in the financial markets;
• tracking the latest trends in the world;
• preparation of reviews on various topics;
• establishing forecasts that facilitate trading;
• publication of their research in various media.

Where and how many years to study in this specialty

In order to work in this profession, you need to go through a long and difficult training in areas such as finance, economics. It is advisable to obtain a special certificate confirming your excellent training.

Among all higher institutions there are:

• Moscow Pedagogical State University;
• Training center "STEK";
• MGIMO;
• NRU " graduate School economy";
• Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation;
• Academy of Accountants;
• National Research Nuclear University "MEPhI";
• MSUTU Training Center;
• North-Eastern Federal University named after K. M. Ammosov.

What items to take

Subjects required for passing and entering universities:

• profile mathematics;
• Russian language;
• social science;
• English (allows you to work abroad and negotiate).

Where Can a Financial Analyst Work?

Many graduates are required in the largest and medium-sized banking institutions, even in large growing companies. There is still an opportunity to work in state institutions, departments and ministries.

If we take into account the fact that this profession appeared not so long ago, then the suitable age of the employee is from 25 to 35 years. At the initial stage, you can get about 40 thousand rubles.

Gradually, by improving your skills, you can get much more. Companies often need both junior and senior analysts.

There is also the option of remote remote work, but you need to carefully search for it on the Internet, because there are a lot of people who want to have a free schedule or combine several vacancies.

What is the salary of a financial analyst

As already mentioned in the article, the minimum wage is about 40 thousand rubles.

There are other numbers as well:

• in the Moscow region and Moscow, the average salary is about 70 thousand;
• in St. Petersburg - 56 thousand;
• in Yekaterinburg - 47 thousand;
• in Krasnoyarsk - 48 thousand.

Another salary depends on where you studied and how you graduated from an educational institution, the ability to use the necessary programs and a computer. It also depends on work experience - the more it is, the more you get.

Career growth and development prospects

As in all professions, there are both senior and junior specialists. Depending on this, of course, the wage.

It is desirable, of course, not to focus on a certain direction, but to develop yourself in many aspects of this profession.

When you first start working, you should not immediately expect a promotion. It is necessary to try to work with a minimum number of errors.

To become an excellent good analyst, you need to work for about 5-6 years. But do not forget to always follow the trends, they will help you in development.

A financial analyst can become (with the development of his abilities and gaining experience) a valuation analyst, an analytical engineer, a complex manager, an auditor.

Is it worth studying to be an analyst - the pros and cons of the profession

Every profession has its positive and negative sides.

Pros:

• demanded profession in the labor market;
• high profit payment;
• tangible benefits for your company;
• there is an opportunity to visit outside the country;
• possibility to agree on a free work schedule, work at home.

Minuses:

• work in a long sitting position;
• the same type of work;
• work with a huge amount of information;
• problems with employment without experience;
• stress.

Financial analyst is a profession of an economic profile. Typically, a specialist is an expert in market processes, able to correctly use trend changes. Analyst calculates possible risks and profitability for a certain player in the market. He is also engaged in investment consulting and securities valuation. The direct responsibilities of the employee include the possession financial management and the ability to use microeconomic and macroeconomic tools. Often in the requirements, employers indicate that it is desirable to have knowledge of specialized programs: Excel, SQL, SAP.

Personal qualities

For a specialist in the field of finance, an analytical mindset is important. Attentiveness and perseverance will facilitate the work on reporting. The large volumes of information an analyst has to work with require a good memory. It should be borne in mind that the specialty involves constant development in professional field and possession of up-to-date information. A prerequisite employment is proficiency in English at a conversational level.

Where to study for this profession

If you want to become a financier, an applicant needs to focus on the following undergraduate programs: "Economics", "Economics and Statistics", "Finance and Credit", "Accounting, Analysis and Audit". For admission, you will need the results of exams in Mathematics (profile), Russian language, Foreign language, Social studies.

in higher educational institution the student will get acquainted with the basic macro- and microeconomics, the history of economic doctrines, a number of mathematical disciplines. The first courses will also be varied in subjects general cycle. The third and fourth years of study will be supplemented by corporate finance and econometrics. Several years of study in without fail accompanied by professional teaching in English. In some cases, language pairs are preparation for international exams for subsequent certification.

University examples:

Pros and cons of the profession

Pros:

High profit payment;

Demand in the labor market;

Attendance at professional seminars and trainings is often paid for by the employer.

Minuses:

Sedentary work in a sitting position;

Possible stresses;

Monotonous work with numbers;

High responsibility when working with financial assets;

Irregular working hours during reporting periods.

Career. Places of employment.

Financial analysts are required in large corporations, banks, small firms. Service in state institutions is possible: ministries, statistical centers, departments. Given the relatively recent emergence of the profession, the age category of specialists is 25-35 years. The starting salary is 40 thousand rubles. Career growth with a corresponding increase in wages occurs due to the receipt of internationally recognized advanced training courses and work experience. In addition, some organizations offer positions for junior and senior financial analysts. It is also possible to work remotely for a financier. For example, on the pchel.net freelance exchange, you can periodically come across projects that require help or advice from a financier.

Related professions

Because of lack of clear definitions of the specialty can be considered as related economist, auditor and tax inspector. The difference is more narrow specialization financial analytics, which mainly involves working with large amounts of data.

Systems Analyst is a specialist in the field of subject area analysis and formulation of requirements for developed information systems and application software. The profession is suitable for those who are interested in computer science (see choosing a profession for interest in school subjects).

The main product of a system analyst is organizational and technical solutions, formalized as technical task on the software. The basis of all his work is the methodology of system analysis, and the result should be the stable functioning of the equipment and the satisfaction of its technical properties to the needs of the customer.

The system analyst must balance on the verge between the business of the enterprise and the capabilities of the IT department, he must imagine the entire project as a whole, therefore, his responsibilities include creating a structure for the interaction of two companies.

The key role of a systems analyst in a company's automation project is to develop a consistent and complete model of business requirements for the software being implemented. First, the system analyst collects the requirements for a new software product, after which he develops the terms of reference for the creation of software, designs the documentation of the system and software architecture of the IT system, and sets tasks for development and testing. At the end of the project, he explains the rules of work to users and solves problems of functioning at all stages. life cycle created system.

Features of the profession

Typical functional responsibilities system analyst:

• the study of a particular area for the implementation and development of applied information systems;
• participation in interviewing business experts and users of information systems to study the current principles of organizing business processes;
• study and systematization of project documentation in terms of identifying processes to be automated;
• preparation of documentation for the description of entities, relationships and processes of the subject area using special notations;
• participation in the setting of tasks and the development of technical specifications;
• collection, analysis and documentation of functional requirements for software.
• participation in the preparation of functional testing schemes to identify deviations from the formulated business requirements and functional requirements;
• participation in testing the prototype of the developed system;
• participation in the training of users of the system;
• analysis of risks and causes of errors in the development of systems;
• participation in the choice of platform for the project implementation.

Pros and cons of the profession

Pros:

• high demand in the labor market;
• a sufficiently high level of wages;
• flexible working hours, including the possibility of remote work;
• the undeniable importance of a system analyst in the eyes of employees and customers, satisfaction from the completed project,
• the opportunity to travel around the country and abroad;
• the opportunity to realize their creative abilities;
• the result of the work and tangible benefits are visible immediately, as soon as the work process in the company is brought to a new level;
• due to the skills of communicative communication during projects in different organizations, the circle of useful acquaintances is expanding.

Minuses:

• disagreements, disputes with the client as a result of his lack of understanding of the difference between one system and another and, in addition, the low efficiency of setting the task;
• often users have a negative attitude towards the introduction of a new information system in a company, then the analyst has to patiently and persistently explain its benefits and benefits, which takes time and nerves;
• due to the high level of adjacency with other specializations (developer, application architect, consultant), there is a risk of switching a system analyst to related tasks, which may not always meet the goals and aspirations of a specialist;
• irregular working hours, frequent business trips (although such trips have their advantages: foreign companies like to conduct internships for employees of representative offices - a great chance at their expense to live in a luxury hotel, see other countries. Civilized companies organize not only training, but also recreation, in the program which includes classes, visits to exhibitions, excursions).

Place of work

big banks, consulting companies, specializing in the development of IT solutions for external customers.

Important qualities

A systems analyst should be characterized by such qualities as systems thinking, an analytical mindset, communication skills, perseverance, the ability to formulate consistent requirements, separate the general and the particular, pay more attention to essential details and ignore the insignificant. Intuition, a perspective vision of the development of processes and systems, the ability to "read between the lines" are extremely important.

The key skills for a systems analyst are:

• the ability to quickly understand and prioritize requirements, and communicate technical solutions and their impact on the business in a language understandable to the client;
• skill in various projects follow the accepted methodology, notations and forms of documents;
• skills in working with relevant software;
• the ability to work collaboratively with other analysts if a team is working on a project;
• the ability, while maintaining a creative style of work, to maintain discipline in relation to the maintenance of documents, versions, protocols and the willingness to work in a team with architects, developers, testers;
• the ability to convincingly demonstrate the competence of the company in a certain area, based on the results of a short conversation, to get an idea about the client and his requirements for the solution.

The system analyst should know:

• basics of programming (including object-oriented), design, development, documentation of software;
• fundamentals of the theory of algorithms, database theory, systems theory and system analysis, fundamentals of information security;
• fundamentals of designing human-machine interfaces;
• possess general knowledge in the field of management, fundamentals of economics, accounting and management accounting.

Where to study to be a systems analyst

It should be added that more often than others in the vacancies of system analysts there are requirements for knowledge of the following software: MS Visio, All Fusion, ARIS, Rational Suite, IDEF standards, DFD, UML and the SQL language.

Salary

Salary as of 08/14/2019

Russia 25000—90000 ₽

Moscow 50000—180000 ₽

The amount of income of a system analyst with work experience, first of all, depends on the direction of the company and the level of projects and tasks. In development companies, as a rule, material compensation depends on the amount of work and services performed (salary + percentage of the cost of services). In the customer's companies - a fixed salary plus bonuses in accordance with the accepted system of motivation. Bonuses are usually awarded based on the results of participation and completion of projects.

Career steps and prospects

If a systems analyst got a job in a representative office of a large Western or even domestic company, then consider that his career has already taken place. Among the prospects are advancement in the department, as well as within the company itself. Having experience as a system analyst and experience in participating in projects, a specialist can continue his professional development and apply for positions: application architect, information systems implementation consultant, implementation project manager.

What is the difference between a systems analyst and a business analyst?

From a theoretical point of view, a system is a more comprehensive concept than a business. That is, a system analyst analyzes everything, and a business analyst - only what is related to business issues. On the other hand, the former is traditionally related to the sphere information technologies(IT), that is, its improvements relate only to the introduction of new IT developments, and the second one improves by any methods, including IT methods. From this point of view, the concept of “activity of a business analyst” is broader than “competence of a system analyst”. But in practice, any analysis as a result comes down to the fact that the work needs to be improved, which is possible, as a rule, by automating processes. This is how the duties of these two specialists merge into one whole. Note that specialized IT companies require a system analyst, and non-core IT companies require a business analyst.

There are situations when, for example, in some company A there is a business analyst, his activities lead to the fact that company A applies for software product to company B. The latter, if it develops and implements software, has a systems analyst. In this case, the business analyst of company A works hand in hand with the systems analyst of company B.

A Data Analyst is a generalist who has knowledge in mathematics, statistics, computer science, computer science, business, and economics. He is engaged in descriptive (descriptive) analysis of data and their interpretation.

The job of an analyst is to analyze a variety of data, usually digital, on the basis of which certain conclusions can be drawn. Analysts find application for their profession in scientific and research institutions, government agencies, banks, medicine, insurance business, as well as in the economic field of activity. The analyst must collect various digital data, analyze and subsequently be able to visualize and interpret them. For data analysis, one has to use various ways which depend on its purpose.

How will the nature of the work of an analyst change in the future?

Intelligent systems are already capable of carrying out analytical work in various areas, especially for standard and recurring operations. Over time, analytics services will be replaced by artificial intelligence-based services. The volume of data and their complexity increases, it becomes difficult for a person to quickly and efficiently process such a flow of information.

Analysts will be replaced by big data and artificial intelligence specialists.