Where to study to become an analyst. First Person: Business Analyst

Getting an education in IT opens up a wide range of opportunities. And sometimes it is difficult to choose something specific. But wherever you go, there are positive prospects everywhere. One of the thriving professions is the systems analyst profession, on which so much depends in the business world.

Who is a systems analyst?

The responsibility of the systems analyst is to determine the needs of the company and how the corporate system meets them, as well as what can be done to make the system more efficient. They work closely with managers to determine what system improvements are financially feasible and what technologies can improve the company's efficiency. Systems analysts can also design and develop new systems, train users, and tune hardware and software as needed. The type of system an analyst must work with depends largely on the needs of the employer.

What certifications are required?

Becoming a systems analyst does not require any particular certification, although you do need to have an education in information technology. Since such a career is closely related to business, taking courses in your subject area can be beneficial. Also, system analysts should be aware of the latest developments and technologies.

Is it necessary to have experience?

Having experience is always helpful when looking for a job. While getting an IT education teaches important skills, applying them at work through an internship or other type of employment will look great on your resume and open up great career opportunities.

What are the career prospects?

The prospects are very broad. According to SuperJob, the average salary of a system analyst in Moscow is 100,000 rubles, in St. Petersburg - 80,000 rubles, in the regions - 50,000 - 60,000 rubles per month. Further growth in the system architect or in the project manager is possible.

Who makes sense to go to systems analysts?

System analysts often rotate former programmers, implementers or testers. It happens that they go immediately after receiving a technical education at the university. This is a position without which it is impossible to work with corporate systems, because. here we need specialists who both understand the business and can write technical specifications for programmers.

What do business analysts in IT do? On the one hand, they solve complex strategic issues and they face serious, complex tasks. On the other hand, the job of a business analyst may seem overly simple and overpriced to some young professionals. Who are business analysts in essence and why they are needed in IT companies - we understand in this article.

In the classical sense, a business analyst is a person who analyzes the business needs of an organization, and also formulates ways and schemes for improving business processes, and carries out strategic planning. Business analysts may be responsible for one specific area of ​​the company, or for the entire organization as a whole.

When talking about business analysts in IT, their duties often mean analysis and work with requirements for software products. Depending on the type of activity of the company, business analysts can perform one of two roles:

  1. Engage in the improvement of the company's products - in case it develops own solutions. Most often they are very competent specialists, but in our area (CIS) they are much less common than the latter.
  2. Business analysts in outsourcing and outstaff companies are the people who are thrown to the forefront of working with clients. They are engaged in the collection of requirements, the preparation of technical specifications and much more. Further, we will talk about them.

The main task of business analysts in IT outsourcing companies is to work with the client, namely, to control that the product being developed is of high quality and fully meets the requirements of the customer.

As a link between the customer and the development team, the business analyst leads the client from the beginning to the end of the project. He finds out the wishes of the customer, his requirements for the product, advises him in disputable or technical matters, suggests ways to solve the tasks.

In fact, the purpose of the work of a business analyst is to connect the client's ideas about the ideal product that should be the output with reality:

  • formulation of high-level requirements for the software product;
  • drawing up its structure and connections between elements;
  • identification of technologies and/or software solutions used;
  • designing the user interface, the format and method of interaction between the user and the program - of course, at a certain level of abstraction.

Thus, a business analyst must be competent in a number of not very related areas:

  • Be a good negotiator (communicator). He must be able to understand the interlocutor, explain to him complex things from the IT world, convince and convince the client of the effectiveness of various kinds of solutions, and, if necessary, smooth out conflict situations;
  • Understand the technical side of software development;
  • Possess at least a basic but solid expertise in usability and interface design;
  • Understand the principles of movement cash flow and work with finances - in order to be able to fully comply with the interests of the client regarding the product, if commercial software is being developed;
  • Have applied skills from the field of systems analysis: drafting technical documentation, specific diagrams and diagrams.

It may seem to some that business analysis is simple, since, in general, deep knowledge in each of the areas listed above is not required from the analyst. However, in fact, all this knowledge should be very practical. Indeed, otherwise, the results of the work of a business analyst will have a very weak connection with reality and will lead to the creation of an inefficient and not working product. And this can have a very negative impact on the company's reputation.
And that is why the work of a business analyst is highly responsible, and is evaluated accordingly.

Of course, the specialist described above is a spherical business analyst in a vacuum. And in different companies, the work of business intelligence can be biased either towards enhanced communication with the client, or towards software architecture design.

With the development of business in our country, many owners and managers of companies are thinking about the need professional staff which could intelligently optimize the use of financial assets.

Therefore, the profession of "Financial Analyst" has become in demand.

What does this specialist do and what is his role in the success of the organization.

Financial analytics is hard and responsible work that requires profound knowledge and skills in the field of economics, accounting and financial reporting, the ability to analyze and predict both the fundamental movements of the market as a whole and the internal processes of the company itself.

So, working in highly stressful conditions with constant tension and a burden of responsibility also requires a considerable amount of emotional and mental stability from a person.

Read more about the profession in the article.

Who is a financial analyst, what does he do

In a narrow sense, an analyst is a specialist, an employee of a company, a bank, who owns the methodology economic analysis conducting such an analysis.


Or a slightly different definition: an analyst is a specialist trained at the level of international requirements for systematic analytical work on assessment and forecasting financial position organization, the state of the stock market, the analysis of socio-economic and demographic phenomena at the municipal, regional and federal levels.

Also in the field of economics, a financial analyst (or a trader - a specialist in securities) is distinguished. A financial analyst is a specialist in a specific market sector whose duties include researching issuer companies and making recommendations for buying, selling or holding shares.

But what can an analyst do? There is no need to build illusions that the newly minted analyst will be entrusted with making forecasts and will be allowed to travel to seminars at the company's expense. Most likely, for the first few years you will be sitting with an Excel database, making summaries, consolidating data for different periods, checking calculations, your own and others, etc.

It is possible that you will often have to go on business trips and perform all sorts of boring, but necessary routine tasks, but this is experience, practice, development of skills. The real analytics and forecasting starts in the next step. Practice shows that a fairly large percentage of young professionals after the first two years go to another job.

An analyst must possess a number of qualities:

  1. accuracy
  2. scrupulousness
  3. ability to work with large datasets
  4. leadership skills
  5. learnability
  6. analytic mind

For starters, analytics is enough higher education, but then it is desirable to complete a master's program, and ideally an MBA program, and finally, it will be necessary to regularly attend seminars, trainings and advanced training courses. As for work, the analyst can work in various large companies different sectors of the economy.

Source: "humeur.ru"

Getting Started as a Financial Analyst

The vacancy "financial analyst" appeared on the Russian labor market relatively recently. In this connection, not everyone clearly understands what the meaning of this profession is. Quite often, financial analysts become traders and, conversely, traders move into the “camp” of financial analysts.

In this article, we will consider the main components of the work of an analyst of global financial markets, and also find out what knowledge and professional skills you need to have in order to qualify for the title of financial analyst.

Financial analyst by definition

To begin with, let's deal with the very concept of "financial analyst". It should be noted that in this article the phrases "financial analyst" and "analyst of global financial markets" will be used as synonymous. To date, a single and clear definition of this profession has not yet developed, not only in Russia, but also in countries with developed market economy.

The definition given by David Damant, ex-president of the European Federation of Financial Analyst Societies (EFFAS) is the most widespread: “The name of the profession includes the word “analyst”, to which various definitions are added: “financial”, “investment”, “securities market analyst” and etc.

However, all definitions come from the fact that a specialist of this kind analyzes securities and activities of the companies that produce them.

As part of these functions, a financial analyst must analyze the economy as a whole, since the macroeconomic environment has the most direct impact on the activities of companies, the state of a particular industry, and the specifics of the activities of a particular company in the market.

Glossary.ru defines the concept of "financial analyst" as follows: "A financial analyst is a specialist in a particular market sector whose duties include researching issuing companies and developing recommendations for buying, selling or holding shares."

The above definitions to a greater extent limit the scope of the financial analyst to the stock market. To some extent, this is certainly justified, since the stock market is the most important component of the global financial market.

However, in addition to the stock market, the global financial market also includes the foreign exchange market, commodity markets and the money market (credits and loans).

Therefore, it is advisable to expand the considered definitions. An analyst of global financial markets is a specialist in the stock, currency and commodity markets.

A brief excursion into history

It must be said that the profession of a financial analyst is one of the youngest not only in Russia, but throughout the world. The first securities analysts began their activities in 1928 in Chicago. However, until the end of the Second World War, the profession of "financial analyst" had not yet received a clear content and public recognition in any country, including the USA.

Financial analysts as such appeared only in the 1950s. So, in 1955, the British Society of Investment Analysts was founded, which later became the Institute of Investment Management and Research.

What is the job

So, what is the job of a modern financial analyst? The process of analytical work can be conditionally divided into several stages:

  • First, a financial analyst collects all the necessary information, monitors the market, and identifies the main trends.
  • Further, the collected materials are systematized. The analyst identifies the most significant economic indicators, and also monitors important events that can lead to major changes in the market.
  • The most responsible moment is the preparation of forecasts. The correctness of the forecast largely depends on the quality of the work done earlier, on how complete and reliable the information collected turned out to be, and on how accurately the key aspects were identified and taken into account.

In order to get a more specific idea of ​​what a financial analyst does, we list the following main areas of work for such a specialist. This is, first of all:

  1. monitoring of the macroeconomic situation in the world economy;
  2. analysis of financial performance of companies and assessment of the effectiveness of their management;
  3. tracking the main trends and sentiments emerging in the markets;
  4. investment consulting;
  5. information and analytical support;
  6. preparation of current analytical reviews (daily, weekly, etc.);
  7. drawing up forecasts and recommendations for conducting trading and managing an investment portfolio;
  8. publication of materials in periodicals and on the websites of news agencies.

High qualification standards

There are the following components of a qualified financial analyst:

  • a high level of knowledge of the economy as a whole;
  • knowledge of accounting and financial reporting;
  • the ability to apply an integrated approach to the analysis of the object under study (both the market as a whole and a specific investment object);
  • possession of fundamental and technical analysis markets;
  • understanding the mechanisms of action of a particular market.

There are international standards for assessing the professional level of financial analysts. National communities of analysts unite in international organizations and develop common standards for all member countries of these organizations.

Since 1962, the European Federation of Financial Analyst Societies (EFFAS) in European countries has been certifying analysts for the pan-European qualification Certified European Financial Analyst - CEFA, the Asian Federation of Securities Analysts (AFSA) has also developed a common standard for training investment analysts for its member countries.

In 2000, an international qualification for investment and financial analysts "Certified International Investment Analyst - CIIA" was established. At the moment, the CIIA qualification is one of the most respected in the world.

The aforementioned European and Asian Federations of Analysts took part in its creation, which together bring together specialists from 32 countries of Europe, Asia and Latin America. The Association of Certified International Analysts (ACIIA) was established by its developers to carry out certification on the CIIA qualification.

Since 2001, the process of implementing this certification has spread throughout the world. CIIA came to Russia in 2002. The main task of the ACIIA is to administer examinations, and if they successful delivery awarding the qualification "Certified International Investment Analyst".

In order for a candidate to be awarded the CIIA international qualification, he must pass the general and national examinations, and the general examination consists of two levels.

In Russia, the professional community of financial analysts is represented by the Guild of Investment and Financial Analysts (GIFA).

GIFA is the sole representative of Russia in the ACIIA, as well as in the European Federation of Financial Analyst Societies (EFFAS). One of the main objectives of the GIFA is to improve the professional level of investment and financial analysts in Russia and to promote their professional certification in accordance with international standards. GIFA is authorized to administer the qualifying examinations for the CIIA degree.

Primary requirements

Having studied a number of ads posted on sites recruitment agencies, we came to the conclusion that the main requirements for the position of "financial analyst" are:

  1. higher economic or financial education;
  2. 1 to 3 years experience in a similar position;
  3. computer knowledge;
  4. fluency in English;
  5. analytical mindset and the desire for continuous professional growth.

Employers most often give preference to young active professionals aged 25 to 35, although age, of course, is not a determining factor.

Today positions in the field of financial services are the second most popular (in the first place are positions in the field of telecommunications and IT-technologies) in the Russian labor market.

Demand for this kind of specialists greatly exceeds the supply. In this connection, employers are increasingly softening the strict limits of their requirements, especially in terms of having a certain work experience.

In Russia, financial analysts usually work in investment and financial companies, banking structures, consulting and brokerage houses, economic print media, as well as in large corporations and bodies state regulation.

How to become a financial analyst

Among higher educational institutions that provide good training in the field of economics and finance, experts distinguish:

  • Russian School of Economics,
  • Higher School of Economics,
  • economic branch of Novosibirsk University,
  • MGIMO,
  • Financial Academy under the Government of Russia,
  • Moscow University of Economics, Statistics and Informatics (MESI),
  • State Institute of Management,
  • Russian Academy of Economics. Plekhanov and some others.

A higher education diploma is, of course, a necessary condition for becoming a highly qualified specialist in the field of finance. However, a diploma of graduation from an economic university is not a guarantee that a specialist is able to engage in financial analysis at a high level.

Usually, necessary qualifications people receive directly in practice, when working in banks and financial investment companies. An additional plus is an international certificate in the field financial analysis.

In Russia, the international qualification of investment analysts CIIA, which we reviewed, as well as the analytical degree of Chartered Financial Analyst (CFA), is most widely used.

In conclusion, I would like to state that in recent years Russia has seen the formation of the stock market and the development of financial institutions, and this leads to an increase in the need for financial and investment analysts. However, in our country, so far we can only talk about the emergence of financial analysis and about a very small number of specialists in this field.

In this connection, the specialty of a financial analyst in Russia is seen as very promising and requires the active involvement of young highly educated personnel who are ready for continuous improvement and raising their professional level.

Source: "rfc-spb.ru"

Description of the profession

One of the most popular professions is the financial analyst. These specialists are needed in various fields of activity, despite the fact that their profession is considered relatively young.

The person who chooses this field of activity will be engaged in the study of issuing companies and the preparation of recommendations regarding the purchase, sale or retention of securities. In fact, they perform very important functions, since the success of the organization or the person for whom it works depends on their advice. The slightest mistake can cost a reputation or a career.

If we talk about the history of the profession of a financial analyst, then it has recently appeared not only in our country, but also abroad. For the first time, these specialists began to provide their services in Chicago. This was in 1928. Then it only began to emerge, and was not fully formed.

These specialists gained recognition only after the Second World War. Demand for the services of this specialist increased dramatically after the creation of the British Society of Analysts. We now know this organization as the Institute for Investment Management and Research.

The activity of a specialist in the field of economics and finance is closely related to the analysis of certain information. His work can be divided into several stages:

  1. The specialist is given a clear task.
  2. Then he searches for information that will answer all the questions posed by the customer.
  3. In the course of his work, he analyzes the market, identifies trends in its development.
  4. The specialist systematizes all the information received, notes the most important economic indicators. The most important part of an analyst's job is making forecasts.

It is extremely important to do everything right here, because due to a mistake, customers can lose a lot of money. A good financial analyst must have a high level of knowledge of economic disciplines.

It is extremely important to have the skills to analyze development trends and changes in the market, to understand the mechanisms of a certain market niche. Also in the work can not do without knowledge of financial reporting and accounting.

Where to study and in what specialties

You can get an analyst education in the following higher educational institutions:

  • National research university"High School of Economics". It offers training in the specialty "Economics".
  • Russian New University (specialty "Economics").
  • National Research Nuclear University "MEPhI" (specialties: "Mathematical Methods in Economics", "Finance").
  • North-Eastern Federal University named after K.M. Ammosov (specialty "Economics").

You can also choose a suitable university for yourself in the sections "Economic universities in Moscow" and "Economic universities in St. Petersburg".

What has to be done

Analysts in the field of finance have quite busy work schedules. Their responsibilities include:

  1. monitoring trends in the global market,
  2. analysis of financial performance indicators commercial organizations or enterprises
  3. analysis of the effectiveness of company management,
  4. investment advice and information support,
  5. drawing up forecasts and recommendations.

In some cases, publication of materials in the media is required. mass media. Responsibilities are determined by the employer, taking into account the specifics of the activities of his organization. So they can be very different.

Financial analysts can work in various fields of activity. Based on this, its specialization is determined:

  • Such specialists successfully work in financial and investment companies, in banking organizations.
  • They are also indispensable workers in state regulatory bodies.
  • They are needed in large corporations and stock exchanges.

Good financiers can be people who:

  1. have analytical skills
  2. have excellent RAM,
  3. are distinguished by tolerance and care.
  4. The work of this specialist requires perseverance and the ability to bring his work to the end.
  5. Deep knowledge in the field of economics, accounting is important.
  6. Financial analysts must be able to select and synthesize information, organize it, and convey it to the client.

So, if you want to become a good specialist, it is important to have all these qualities.

Demand

Above, we have already said that the profession of a financial analyst has appeared relatively recently. Of course, the specialty did not immediately receive great recognition, but it is becoming more and more relevant.

According to forecasts, in a few years the profession of an analyst in the field of economics and finance will be at the peak of popularity. So if you have the ability and desire to work in this area, you can safely associate your professional activities with it.

Analysts in the field of economics and finance are quite highly paid specialists.

But again, the wages of such workers depend on several factors:

  • First, it is a regional affiliation. In large cities of Russia, the highest wages are determined - from two thousand dollars and more.
  • Secondly, the level of training and knowledge of a specialist affects the salary.

If you are lucky enough to get a job in large corporation, then you have every chance to get big money. Good financial analysts have every chance to build a successful career. There is nothing surprising in this, since the activities of these specialists are closely related to finance, capital growth. If you succeed in establishing yourself as one of the best specialists, then a successful career will be guaranteed.

In the last few years, the services of analysts in the field of finance have become increasingly relevant. Because many companies and individuals focused on increasing their capital, these professionals will receive even greater recognition. Owners and managers of companies have realized that experienced financial analysts will help to effectively increase capital, and therefore this profession will become even more in demand and highly paid.

Source: "edunews.ru"

Financial analyst

A financial analyst is a specialist in the financial field who analyzes the economic performance of an enterprise and then issues recommendations for planning financial activities and improving its efficiency.

  • Salary: 40.000–60.000 rubles. (worka.yandex.ru).
  • Place of work: Private and municipal enterprises, consulting companies.

Responsibilities

  1. A financial analyst analyzes the company's activities, studies economic indicators, financial information. The data obtained is used to make management and investment decisions.
  2. The specialist can influence decision-making when concluding contracts, prepares recommendations on the best time to conduct a “purchase and sale” operation.
  3. The analyst studies the main market trends, controls the finances of the enterprise, assesses financial risks, is engaged in research and compilation financial statements.

Important qualities:

  • perseverance,
  • attentiveness,
  • accuracy,
  • persistence,
  • patience,
  • justice,
  • striving to get things done,
  • purposefulness,
  • desire to constantly develop.

Reviews about the profession

“A financial analyst is the person who predicts the “weather” in the market and gives his forecasts as to where the wind is blowing and how to make sure in case of “rain”.

Education

To become a financial analyst, you need to get a higher economic education. In St. Petersburg, you can study at the following universities:

  1. Saint Petersburg State University,
  2. Saint Petersburg University of the Ministry of Internal Affairs Russian Federation,
  3. St. Petersburg State Polytechnic University,
  4. St. Petersburg State University of Economics,
  5. Institute of Management.

Source: "opis.pro"

Financial Analyst

  • VPO specialties: "Finance and credit" (080105), "Economics" (080100), "Accounting, analysis and audit" (080109).
  • Related professions: Auditor, tax inspector, economist, financier.
  • Spheres professional activity: Management, Finance, Economics.

Occupation classification

  1. On the subject of labor: a financial analyst works with numbers, formulas and tables, this allows us to attribute the profession to the type of "Man - Sign System".
  2. On the basis of purpose: exploration.
  3. By means of labor: manual.
  4. According to working conditions: work in "room" conditions.
  5. Profession class: creative (heuristic).
    By the nature of the work, the profession of a financial analyst is associated with analysis, planning, organization and management, design, making non-standard decisions, and requires independent original thinking.

Description

A financial analyst is a specialist who analyzes the financial activities of an enterprise and gives recommendations on planning and improving its economic efficiency.

The main activity of a financial analyst is related to the analysis of financial performance indicators of enterprises, comparing performance with competitors and developing recommendations for improving performance indicators.

The main duties of an employee include:

  • analysis of the organization's activities;
  • analysis of financial information for forecasting economic conditions for further use in making investment decisions, to calculate future income and expenses;
  • analysis of the feasibility of concluding contracts;
  • collection of economic, legal and industry information, as well as financial reports of the company;
  • conducting financial research;
  • level assessment financial risk;
  • control of the company's finances;
  • preparation of recommendations on the time of investment and purchase and sale operations;
  • preparation of financial statements;
  • tracking the main trends in the market development.

Requirements for the individual characteristics of a specialist

A financial analyst must have such personal qualities as:

  1. perseverance,
  2. patience,
  3. persistence,
  4. a responsibility,
  5. "pedantry" at work,
  6. honesty,
  7. accuracy,
  8. emotional and mental stability,
  9. justice,
  10. purposefulness.

Professionally important qualities of a financial analyst include:

  • high level of mathematical abilities;
  • ability to analyze, synthesize, generalize information;
  • the ability to engage in a certain type of activity for a long time;
  • the ability to quickly move from one activity to another;
  • good development of short-term and long-term memory;
  • high noise immunity;
  • personal computer skills;
  • knowledge of English language at a high level.

Medical contraindications that prevent working as a financial analyst include:

  1. diseases of the nervous system;
  2. vegetovascular dystonia with severe headaches;
  3. hypertension;
  4. severe diseases of the visual system.

Professional training

The financial analyst should be familiar with:

  • economic theory,
  • fundamentals of macro- and microeconomics,
  • legislation,
  • regulating financial activities
  • accounting (financial and managerial),
  • financial reporting,
  • analysis economic activity,
  • taxation, business and commercial law,
  • quantitative economic and mathematical methods of analysis and statistics for commercial activities,
  • operational management and strategy, Western financial reporting standards (GAAP, IFRS (IAS)) and Russian standards (RAS).

The financial analyst must be able to:

  1. conduct research in the field of economics and finance, statistics;
  2. analyze financial and economic activity enterprises;
  3. to control financial indicators;
  4. predict the market situation;
  5. draw up business plans, develop investment projects;
  6. advise the company's management and top management on financial decision-making;
  7. use specialized financial software products;
  8. conduct negotiations, conferences and seminars.

The profession of financial analyst is in demand. Specialists of this profile can work at large enterprises, banks, brokerage campaigns, economic journals.

Working conditions

A financial analyst can work independently or in a team. He spends his working day indoors, mostly sitting.

The financial analyst uses:

  • hand tools (pen, pencil),
  • modern technical means(stamp equipment, copying and other office equipment),
  • Personal Computer with Internet access,
  • means of performing computational operations (calculators, PC),
  • means of communication (telephone, fax).

The workplace should be well lit.

Working conditions at the workplaces of specialists with disabilities must comply with the individual program for the rehabilitation of a disabled person, developed by the Bureau of Medical and Social Expertise (if there is a disability).

The design of all elements of production equipment and the organization of the workplace must comply with the anthropometric, physiological and psychological characteristics and limited capabilities of working disabled people.

There is no special form for financial analysts.

Professional risks

  1. Working posture - sitting position. Prolonged stay in this position can lead to diseases accompanied by pain in the back and neck.
  2. Permanent job with a computer can cause diseases of the visual system.
  3. In addition, work in constant tension, in a stressful situation, often causes fatigue, neuroses and depression. During the reporting period, the working day of a financial analyst is not standardized.

Required professional education

To become a financial analyst, you need to get a higher economic or financial professional education.

Secondary institutions vocational education:

  • Volokolamsk College (Technical School) of Law, Economics and Security;
  • Stupino Aviation and Metallurgical College named after V.I. A.T. Tumanov;
  • Orekhovsky Industrial College.

Institutions of higher professional education:

  1. Russian Economic Academy named after G.V. Plekhanov;
  2. High School of Economics;
  3. Russian School of Economics;
  4. Moscow State University named after M.V. Lomonosov;
  5. Moscow State Regional Social and Humanitarian Institute;
  6. Moscow State Regional University;
  7. International University of Nature, Society and Man "Dubna";
  8. Moscow State University of Instrument Engineering and Informatics. Branch in Chekhov.

Career

Career growth of a financial analyst is associated with advanced training. Knowledge foreign language and international financial reporting standards, new versions of computer programs increase the chances of building successful career.

The professional growth of a financial analyst involves a managerial career, when a specialist, gradually improving, can be promoted to a position financial director enterprises.

Source: "my-orientation.rf"

Profession financial analyst

The financial analyst is engaged in:

  1. analysis of the financial activities of the organization;
  2. analysis of trends and changes in the economy;
  3. financial forecasting at the organization level;
  4. advice on financial matters(e.g. accounting, cost reduction);
  5. preparation of financial statements.
  • Places of work: Auditing companies, Banks, Commercial companies.
  • Salary, entry level: 30,000 rubles. - 50,000 rubles. Advanced level: RUB 50,000+, depending on location and work experience.

Will it suit me

Required Interests:

  1. economics and finance;
  2. maths;
  3. jurisprudence and law (especially taxation, commercial and business law);
  4. English language.

Required personal qualities:

  • analytical thinking;
  • critical thinking;
  • attention to detail;
  • a responsibility;
  • good communication skills;
  • teamwork skills;
  • stress tolerance;
  • ability to learn throughout life.

Difficulties are possible if not ready:

  1. to a high degree of responsibility;
  2. work with a large amount of information;
  3. if necessary, to an irregular work schedule.

If you want to change something, you can become:

  • investment analyst;
  • an economist;
  • an appraiser (it is necessary to obtain a CPO appraiser certificate);
  • an auditor (it is necessary to obtain a CPO auditor certificate);
  • compliance manager.

Qualification

Higher education in the field of economics and finance, financial management.

It is desirable to obtain a CFA (Chartered Financial Analyst) certification.

Terms of study:

  1. Specialist (5 years);
  2. Bachelor's degree (4 years);
  3. Master (2 years).

Subjects required for admission to a university for higher economic education (Economics and Finance, financial management):

  • maths;
  • Russian language;
  • social science;
  • foreign language.

Source: "intalent.pro"

What does a financial analyst do

Relatively recently, such a profession as a financial analyst has appeared. The emergence of the profession accompanied the development of various agencies and enterprises that deal with economic diagnostics, as well as forecasting. commercial enterprises.

It should also be noted that the emergence and development of the profession contributed to the fact that for almost every start-up company that wants to succeed, it is necessary to have financial statistics with it, which will allow the company to correctly allocate funds, as well as help create anti-crisis plans in advance. It is because of this that the profession of a financial analyst is widespread in our time.

However, it should also be noted that thanks to a competent specialist in this field, one can not only successfully maintain a business, but also develop it, which is very important for those who decide to open a serious enterprise. It is the responsibility of a financial analyst to consider in advance the most profitable financial decisions for the firm, as well as to calculate the benefit of the contributions of a particular firm.

With the help of an analyst, you can save quite a few amounts, while not risking losing the company's earnings. All this is possible through the study marketing strategy, as well as by studying all the weaknesses and strengths of the company.

But it should be remembered that the analyst must, first of all, work with the company's documents, calculating its profit and loss, but for this, the financial analyst needs to provide a number of documents, without which his work will be impossible. It should also be said that the analyst deals with the personnel departments, and his main job is to organize the firm by considering various options.

However, the analyst does not take any action, his main task is to collect all the necessary data and provide them to his superiors. In addition, the financial analyst acts as an advisor to the head of the business.

Source: "fc-intime.com.ua"

Profession Analyst

Within this profession, you can find various positions:

  1. marketing analyst,
  2. financial analyst,
  3. securities market analyst
  4. investment analyst,
  5. system analyst (business analyst) and others.

The profession of an analyst is universal, a specialist in this field can work in:

  • financial and investment companies,
  • banking institutions,
  • consulting companies,
  • brokerage houses,
  • international corporations.

The analyst has the right to choose:

  1. he can be staff member,
  2. or independent, working directly with the customer.

Functional and job responsibilities

The functional responsibilities of an analyst depend on the position held, in different companies they may differ from each other.

Main duty analytics is the collection, generalization, analysis of information, forecasting the future situation and providing basic recommendations for doing business.

In his work, the analyst may also engage in conducting marketing research, conduct business correspondence with clients, work with documentation, negotiate.

Qualifications

Employers have quite strict requirements for applicants for the position of analyst. The profession of an analyst usually requires a higher education in economics/finance, statistics, or information technologies.

The analyst must know:

  • market analysis methods,
  • fundamentals of statistics
  • have analytical skills
  • skills to work with large volumes of information.

AT international companies one of the main requirements for an analyst is knowledge of a foreign language and an international document confirming the professional level.

Among professional qualities analytics are as follows:

  1. attentiveness,
  2. perseverance,
  3. observation,
  4. structural and analytical thinking,
  5. good memory.

Career and salary

Analyst pay increases as professional experience and length of service increase. Also level wages analytics depends on the position, nature functional duties and scope of responsibility.

The profession of an analyst is quite promising, it has good opportunities for career growth to the head of a department or financial director.

Source: "working-papers.ru"

Damant David about the profession of a financial analyst

Damant David (EFFAS representative in the International Committee on Financial Reporting Standards, until 2000 - President of the European Federation of Financial Analyst Societies (EFFAS)):

The task of training highly qualified specialists in the field of market economy is very relevant.

What is the role of financial analysts in this process and what exactly do they do? The answer to these questions is by no means so simple, because the importance of these specialists is quite often misunderstood, even in countries with developed market economies.

Let's start with a little historical digression. The first group of specialists who were professionally engaged in the analysis of the securities market arose in 1928 in Chicago.

However, until the end of the Second World War, the specialty "financial analyst" had not yet received a meaningful definition and official recognition in any country, including the United States. For example, the British Society of Investment Analysts (now the Institute of Investment Management and Research) was created only in 1955.

Thus, the specialty "financial analyst" is one of the youngest in the world.

The name of the profession includes the word “analyst”, to which various definitions are added: “financial”, “investment”, “securities market analyst”, etc. However, all definitions proceed from the fact that a specialist of this kind analyzes securities and the activities of companies, their issuers.

As part of these functions, a financial analyst must also analyze the economy as a whole, since the macroeconomic environment has the most direct impact on the activities of companies, the state of a particular industry, and the specifics of a company's activities in the market.

When analyzing the performance of a particular company, the financial analyst must pay attention not only to financial indicators (although they are extremely important), but also to the broader context of its activities. Thus, the work of a financial analyst includes an analysis of the main indicators: the macroeconomic climate, the effectiveness of financial and non-financial structures and company indicators, the quality of its management, etc.

You can often hear that financial analysts are "too short-sighted" - their attention is focused only on the indicators of the coming year. However, it is not. A study of the activities of this kind of specialists in many countries and the impact that their analysis has on prices in the securities market clearly shows that the role of analysts is similar to that of the top management of companies.

Thus, when planning the activities of their companies, their top management takes into account the same factors that are the object of study of analysts working outside the companies.

In a number of countries, I have heard more than once that the role of analysts is clear and understandable when it comes to corporate planning and attraction of direct investments (in industrial premises, equipment, real estate), but is much less clear when it comes to portfolio investments, especially when valuing quoted securities.

In fact, it is precisely in the capital market that the role of analysts is revealed most clearly and fully. Take as an example a well-organized exchange where liquid stocks and bonds are freely traded between sellers and buyers, without the intervention of players who have any insider information.

As it turns out, only these factors are not enough for the effective functioning of the market. For normal operation Sellers and buyers need to be sure that the prevailing price in the market is realistic.

And this can only be achieved if this confidence, as well as the behavior of the market as a whole, is based on forecasts and advice from professionals based on an analysis of both the economic situation in general and the prospects for a particular quoted security in particular.

Otherwise, transactions with securities would be carried out in the absence of an idea of ​​their real prices, which would lead to large discounts on risks.

In other words, in the absence of recognized methods for valuing securities, their market will be at a significantly lower price level due to the fears of buyers who insure against possible adverse events.

It must be emphasized that the above circumstance, namely the availability of a qualified analysis of the development of the market situation, is extremely important for the successful development of the economy of a particular country.

It must be remembered that capital is very timid. If in some country there is an uncertainty in the economic environment (due to poor reporting standards, lack of qualified financial analysts), then capital will always require a certain premium for its income and thus will cost more to this country.

Accordingly, in relation to the companies of this country, the capital will act on the principle of "cold-hot".

Return and risk analysis

An important issue is the risks associated with uncertainty about future returns from companies in which investments have previously been made. In efficient markets, there is a clear relationship between risk and return. The assessment of this interdependence and the possibility of exchange between them is one of the most important areas of work for financial analysts.

The economy of any country greatly benefits if it has the opportunity for financial analysts to carry out such an assessment not only at the level of a specific transaction, but also for the market as a whole. The following main elements that make up the professional baggage of qualified financial analysts can be distinguished:

  • First, it is a certain level of knowledge of the economy as a whole. The analyst must understand the mechanism of influence of macroeconomic factors and be well versed in issues of changes in interest rates and fluctuations in inflation.
  • Secondly, he must have a very good knowledge of accounting and financial reporting, as well as experience in certain industries.
  • Thirdly. If the analyst works with unquoted securities, then he must be able to carry out a particularly detailed study of the state of the object in which it is proposed to invest.

    If he works in the market with quoted assets, then he should be familiar with the theory of markets and the changes that have taken place in it over the past 40 years.

  • Fourth. He must understand how a particular market operates, what is its efficiency, the relationship between risks and profitability, and what are the possibilities of their interchange.

All these questions are very complex, but the answers to them are not built only on the basis of intuition, which is how the market itself differs from the casino. In well-organized markets, capital is able to act rationally despite the large fluctuations that occur in them.

These fluctuations, by the way, reflect the fact that the markets themselves cannot predict the future better than people. The task of analysts is precisely to understand the whole complex of problems associated with this.

Initially, most of the representatives of this new profession called themselves analysts. Recently, however, a number of organizations that bring together professionals in this profession have changed their names to reflect the fact that analysts are also involved in investment portfolio management.

Thus, the US Federation of Investment Analysts became known as the Investment Management and Research Association. The British Society of Investment Analysts is now the Institute for Investment Management and Research.

In connection with the development of the practice of investment portfolio management, the corresponding theory has also been developed, which has become an integral part of professional knowledge that analysts must have.

An important element of the theory and practice of portfolio management has become its international diversification. This reflects, on the one hand, the significantly increased interconnection and interdependence of national economies, and, on the other hand, the benefits of such diversification, revealed in serious studies conducted in recent decades.

International portfolio diversification has become a very important area of ​​professional activity.

This circumstance is important practical value for Russia, as international investors begin to view Russian securities as an integral part of their portfolios, and not just as random one-time purchases. The arrival and then the mass exodus of foreign investors indeed gave rise, in a number of cases, to very significant fluctuations in national markets. Such incidents may recur in the future.

However, these upheavals cannot cancel the fact that there has been a real globalization of investment flows and the corresponding professional activity. Investors now have an interest in all markets, although not to the same extent.

This new situation must be taken into account in Russia and efforts should be focused on the formation of an efficient market, the creation of a favorable information environment that attracts investors, and the training of qualified specialists in the field of financial analysis and portfolio management.

Other Financial Analysis Applications

The training of specialists in the field of financial analysis in its broadest sense will have a positive effect and application in other areas. For example, in investment banking, in which financial analysts perform work very similar to that required in the formation and management of investment portfolios. There are, of course, some differences between these activities.

Thus, an investment bank is guided by the desire to raise funds for a certain project on behalf of a certain client, while a financial analyst working as part of portfolio management is guided by a more neutral view, recommending the purchase of certain shares.

However, highly qualified specialists - financial analysts are needed in both cases.

Training in financial analysis can be of great benefit to both government regulators and agencies responsible for implementing economic policy.

At the same time, it is necessary to focus on really high qualification standards, and not on a limited set of knowledge and skills required for the current activities of narrow specialists (for example, a trader or investment consultant to private investors).

Qualifications in financial analysis should require a level of knowledge that allows this specialist to discuss at a high professional level a wide range of investment problems (including both direct and portfolio investments) and with various categories interlocutors (managers of companies, investment consultants, representatives of state regulatory bodies).

It is possible that the considerations I have expressed seem obvious and too general. They are indeed obvious, however, despite this, many of them are ignored.

Therefore, their discussion, in my opinion, can contribute to the promotion of truly high standards of professional activity of financial analysts in all countries, including Russia. And this work needs to be done as quickly as possible.

I think that the work of the GIFA, which began to create a national qualification program and organize regular qualifying examinations for obtaining a certificate of a certified financial analyst, recognized by the international professional community, has a very importance For Russia.

The introduction of such a qualification will bring discussion professional problems investment activities to a new level. Investing has always been and remains a process in which it is impossible to make absolutely accurate forecasts. However, qualified professionals can and should help investors to gain a clear understanding of risks and their relationship to profitability.

The range of tasks of a business analyst is quite wide, and depends mainly on the stage of the project at which the analyst works. As a rule, in implementation projects information systems several analysts are involved, and each is responsible for their own functional area.

ProfGuide continues the column "From the first person", and today an analyst of one of the largest IT companies in Tatarstan, Lyudmila Davydova, talks about her profession.

What is the essence of the tasks performed by the analyst?

In the activities of each company there are many business processes, and how bigger business, the more there are. Each process uses and generates information that must be considered and controlled. For example, on manufacturing plant sales plan generates production plan, which, in turn, determines the procurement plan (based on the production needs for materials and components). Purchase orders are formed on the basis of material consumption rates (this data is contained in the description of technical processes), taking into account the availability of material in the warehouse. Production and sales processes - from the release of materials from the warehouse to shipment finished products— are complex and require high-quality management and accounting. Of course, this applies to any company in all industries - from manufacturing to the service sector.

Manual business management is a thing of the past, now there are a huge number of information systems on the market that make life easier for both business owners and ordinary employees. Each level has its own tasks - the manager wants to control, for example, financial flows, and a specialist in the sales department wants to have an up-to-date client base. Requirements at all levels can be satisfied by the introduction of one or the combination of several information systems. This is where the analyst's work begins - to determine the list of automated processes, find bottlenecks in them (as you know, the strength of the chain is determined by the strength of the weakest link), find ways to eliminate bottlenecks, select a platform (system), determine the amount of necessary improvements, etc. .

The range of tasks of a business analyst is quite wide, and depends mainly on the stage of the project at which the analyst works. As a rule, several analysts participate in information systems implementation projects, and each is responsible for his own functional area. At the start of the project, the analyst should study the customer's business processes (and preferably document them using functional diagrams), and work out together with the customer his requirements, on the basis of which the Terms of Reference will be drawn up. After the approval of the TOR, the modeling (or design) stage begins, where the analyst develops a model of the processes “as it should be”. After discussions, searching for bottlenecks in models, repeated “this is not done” and “this will not work” from system analysts, the business analyst draws layouts of the interfaces of the future system and writes task statements to developers. At the development stage, the analyst is also involved, since it is necessary to test what the developer has done, compare it with the customer's expectations (and your own too), clarify requirements, adjust the TOR (and sometimes write several additional TOR), etc. Upon completion of the development, the analyst writes a script for acceptance testing of the system (or PMI - a program and test methodology), according to which the Customer accepts the development, and the implementation phase begins. At this stage, the analyst works closely with users - trains, answers questions, consults specialists in his functional area, and, if necessary, writes instructions and user manuals.
At the final stage, when the system is put into commercial operation, the analyst takes an active part in maintaining the system, because it is impossible to foresee everything in advance, and some shortcomings will emerge only now. The analyst studies the problem, looks for solutions, and again writes tasks for developers (or new technical tasks, depending on the degree of spoiled developers).

What skills and competencies do you need to have? Do I need to have IT education?

To work in the IT-sphere, I think you need an appropriate education. Knowledge in the field of databases, networks, object-oriented programming was very useful to me in my work, and even the lectures "Microprocessors and microcomputers" were not superfluous. However, I met people with specialties that are far from it, but with a lot of practical knowledge in this area. The IT-sphere is now so wide that people of various specialties can find their niche.

Key skills that will help a lot are systematic and logical thinking, the ability to identify cause-and-effect relationships in a large amount of information, scrupulousness and meticulousness (an extremely useful quality when collecting requirements from a customer). Since each customer and each project is individual, analysts are highly valued, who have not only experience, but also a flexible mind, able to go beyond patterns and come up with something new.

And, of course, great success cannot be achieved without perseverance (it can take several hours to develop one layout!)

As for the set of tools that analysts should have, each working group has its own. But the mandatory, in my opinion, is the ability to use application software for drawing layouts, and knowledge of any process modeling notation.

For interfaces, I like Balsamiq Mockups for the variety of tools and fun design:

Who absolutely can't do it?

Far from mathematics and logic, not thinking, superficial people. Humanitarians are also unlikely to like the work of an analyst.

Who is higher than this kind of analyst? Is there room to grow?

In our company, analysts have their own grading system. At the first stage, you are an analyst. You gain experience, study the subject area, pass certification, and you are a leading analyst. After the next certification - an expert analyst. Further growth depends on the management of the company. Most often, the analyst, if there is a desire, becomes the project manager. However, there are times when a customer, not wanting to part with a capable analyst, offers him a job in his company.

There is also an opportunity to retrain from a business analyst to a systems analyst, or to a product manager (although this is more of a “horizontal” growth).

What is the main joy and meaning of being at work? What moments bring joy and what sorrows?

Joy is when you manage to find a solution to a complex problem, great joy is when the customer likes it. It is frustrating when the algorithm you invented does not pass system analysis, and you have to start all over again.

Like any specialist, there are tasks that are very interesting to deal with, you can forget about everything in the world, and think, think, build schemes in your head, consider options ... most often these are new developments - new functionality in the system - appearance and the algorithm of which depends on you. It is very exciting, such work brings pleasure.

And there are tasks that come from the technical support line and require extensive consultations or minor improvements (“add a field to the report for us, you forgot to specify it in the TOR”, “please close these requests urgently, otherwise we are finished”, “how to do it, so that everything is calculated for me? ”,“ Nothing works for me ”, etc.). This work is not so pleasant, but there is no getting away from it, because it is impossible to invent and develop endlessly. All the same, the result is not a software product, but a solution to the customer's problems.

Are there many communications and with whom? What kind of people do you have to deal with?

A lot of. No communication anywhere, the analyst works in a team. Communication takes place both with the customer (key specialists or members of the implementation team) and within the team. You have to communicate most closely with developers and system analysts. In our country, these are special people, with a particularly technical mindset, who do not allow “lyrics” and demand “to explain the essence”. I am extremely interested in working with them. There are also technical writers, project managers, other analysts, technical support specialists, department heads - the field for communication is huge.

It happens that on the side of the customer you have to work with people who are not the most advanced in it, who test your patience and positive attitude. But they are always pros in their subject area, and they themselves will teach you a lot.

What is the salary range?

The minimum salary of an analyst, as far as I know, is 20 thousand. The highest I've heard of is 50, but I don't think that's the ceiling.

Does the job give you enough challenges? After all, they are the only way to grow.

On any project there are complex and routine tasks. In my work, the ratio is about 40/60, and I'm fine with that. Every day is an exercise for the mind, and the opportunity to relax while writing instructions.

Here are some examples of tasks from practice:

1. There is system X and system Y. To complete one of the processes (by a certain date, not earlier, not later), system Y needs data from X. System X, in turn, needs confirmation of the successful transfer of data to system Y, their correctness and completeness. It is necessary to develop an algorithm acceptable for the customer for automatic two-way data exchange between systems. It is necessary to ensure that the remaining applications on the X and Y servers can function normally during the data exchange process.

Solution: The interaction of X and Y is implemented through web services. File exchange is carried out 24/7, from the moment a certain event occurs in the Y system, until the upload is completed / until the deadline occurs / until the process is manually stopped. An exchange format has been developed, a cross (between two systems) matrix of download statuses, return codes have been approved. Files at input Y are checked for correctness, and in case of errors they are rejected until the errors are corrected and reloaded. A form of monitoring has been implemented, detailed logs are kept. Upon completion of downloading each file, Y confirms or does not acknowledge the receipt of the file. Load testing of X and Y was carried out during the period of the data exchange service (the test results were disappointing, so we had to come up with a tricky download sequence algorithm active work users Y). Developed instructions for setting up the service and working with it. At the moment, data exchange between X and Y is carried out only through the developed service.

2. There is an approved list of standards (about 700 lines), with which several companies work, including the customer. One of the companies is challenging part of the regulations in court, offering its own version. The court grants the request. At the same time, a certain expert organization recalculates part of the standards, putting forward a new list (about 150 more lines).

A task: provide the customer's system with an up-to-date regulatory framework.

The complexity of the task is that each set of standards differed in units of measurement and item names. The resulting list of standards did not exist.

Solution: attempts to automate the process of matching strings did not give a result, since in each case the decision must be made by a person. Therefore, the lists had to be verified manually, looking for matches (Canceled by the court? Recalculated?) and included or not included in the resulting list.

3. Enter a new parameter for settlement operations in the system.

Performance:

1) Determine the "entry" point of the parameter into the System: is it entered by the user? Calculated from other parameters (What? How? At what point in time?)?

2) Determine the functions in which the new parameter will be used.

3) For each function: Check if the new parameter affects the execution of subsequent operations, enter the parameter into the calculation formulas.

4) Determine how and where the parameter is displayed in the interface. Draw layouts.

5) Find out if the new parameter should appear in the output forms: in which ones, in what way.

6) What output forms will be implicitly affected by this parameter? If yes, determine the degree of influence, bring the issue up for discussion.

7) Determine the amount of necessary improvements.

8) Write a statement of the task for development, or TK (depending on the amount of refinement).

9) Test the result.

Questions were asked by Elmira Davydova.

This article addresses the questions:

  1. Misconceptions of the people.
  2. So what, after all, does an IT analyst do?
  3. secrets successful work(what qualities should an analyst have).
  4. Analytics tools.
  5. Where to go next?

Also in our blog there is an article "", which complements the current one.

Misconceptions of the townsfolk

Systems analyst is a profession that has appeared relatively recently on Russian market vacancies in the IT field. Understanding who a system analyst is, arises from candidates for this position either from the requirements described in the vacancy, or from their own conjectures. Let's take a look at some of the most common candidate misconceptions. This vacancy is not for everyone who was previously someone "systemic". Our company often receives responses to this vacancy, for example, from system administrators.

An analyst is one who analyzes

In principle, it is correct, but when you ask a candidate about what he analyzes, this is where fantasies and reflections begin on various themes. Some argue that the analyst should tell the project manager what it would be good to do this way or that way when developing the project, or generally monitor the developers and analyze whether they are doing the right thing or not. All these are erroneous opinions.

Analyst should not be able to program

This is a logical conclusion, assuming that the first conjectures are correct. In fact, the analyst does not need special knowledge in programming, but he needs to know the basics, or at least have experience in developing in any programming language that supports OOP.

Analyst is not responsible for anything

In fact, this is far from the case, and candidates who want to take the position of a systems analyst in an IT company think that they will not have to answer for the job. Analyst errors in a project are the most expensive and can even be fatal to a project.

So what does an analyst do anyway?

Requirement Identification

An analyst starts a project, participates in development, and completes it. Software development begins with the fact that the customer sets out to the contractor his vision of the future system. This presentation can be both oral and written. This presentation cannot be called requirements, since they are not systematic, but resemble a set of wishes of the client. At the initial stage of software design, the analyst is obliged to identify the goals of software development from the customer, that is, what main tasks the System should solve when it is introduced into the business process of the enterprise. This stage of the project is the initial stage and is called the requirements identification process. All identified requirements and business processes must be formalized in a certain way. Formalization of requirements is necessary for their coordination with the customer, as well as their equal perception by both the customer and the project developers. In addition to the identified requirements, at this stage of project development, project users with certain access rights are also determined. In the process of identifying requirements, the customer may not provide all the necessary information for the full functioning of the project. The analyst should be able to identify this information and agree with the customer on this functionality of the work. The result of the analyst's work at this design stage is the terms of reference for the development, agreed with the customer.

Requirements Management

At subsequent stages of development, situations are possible when the requirements formulated at the stage of identifying requirements become obsolete for one reason or another, and new requirements appear instead. The analyst must minimize changes in requirements, whether the new requirements come from the customer or developers. In the event of a change in requirements, the analyst should, keeping the project practically in his head, evaluate all changes in the project that will entail the introduction of new requirements into the project. Changes in requirements can be costly in project development, so changes should be kept to a minimum, but nonetheless modern world Requirements changes are almost inevitable on any project. The analyst must be able to anticipate such situations in order to manage changes in project requirements to minimize risks.

Project implementation

Upon completion of the development of any IT project, the stage of introducing the developed project into the customer's business process begins. This stage also lies on the shoulders of the analyst, he must prepare the documentation necessary for users, conduct a demonstration of the project, and train the customer's employees. In order for this stage to be completed at the proper level, the analyst must know the work of the entire project from "A" to "Z", as well as navigate the possible errors that will be eliminated in subsequent releases. Before the implementation phase, the analyst should take part in testing the project in order to make sure that all the functional requirements specified in the TOR are fulfilled correctly.

Secrets of successful work

I would like to touch on the topic of the personal qualities of an analyst in the IT field. Personal qualities of the analyst give 60% of his result. The work of an analyst is connected with direct communication with the customer, so the analyst must have a well-delivered speech so that the customer sees a competent specialist and a pleasant person in the interlocutor. The ability to communicate lies at the heart of great success at work. So, the first quality of an analyst is sociability. The next quality of an analyst, which allows him to perform his duties with high quality, is analytic mind. It allows you to "filter out" unnecessary information that the customer conveys to the contractor, and on the basis of the information received, analyze the customer's activities and formalize the requirements. Perhaps this is the main quality of an analyst, because it directly affects the quality of projects being developed. The analyst must be able to keep a large amount of information on the entire project, and sometimes more than one, in his head and be able to quickly calculate the impact of certain changes required by the customer or the development team on the system as a whole in order to timely coordinate these changes and their consequences with all stakeholders. To build business models of customer processes, an analyst needs to have a high learnability. This quality is necessary for a quick study of the subject area in which the customer works. The analyst must become a "specialist" in each of the subject areas, which change with work on each new project. At the stage of formation of requirements, the analyst draws up the terms of reference (TOR) for the development of the project, which must be agreed with the customer and which will be studied by the developers.

Based on this, the system analyst must state the requirements in the TOR in such a way that they are understandable to both the customer and the project executor. For this, it is necessary to have literacy in writing texts and make as few mistakes as possible. In the process of building business models, the analyst will need programming skills and understanding of OOP. Most often, the model of a process can be represented as a set of objects, and actions on them can be represented as methods. Model objects can also have properties. Objects in models can use all OOP principles. When building system models, as a rule, the project data model is also determined.

When designing large projects for large customers, analysts face many difficulties associated with the development of technical specifications. These difficulties can arise due to constantly changing requirements, a large number of users, and other factors. All this leads to frequent changes in the TOR. Analytics sometimes have to rewrite up to 30-40% terms of reference several times. Naturally, this affects his nervous system, so the analyst needs to have considerable patience and stress resistance. Stress tolerance also useful in training users of new projects, since most users are forced to work in a new project by business organizers (customers), which they strongly resist. The analyst has to listen to a lot of unflattering words addressed to him, but he must calmly respond to criticism from users and complete his task.

Analytics tools


The main tools of a system analyst are pen, paper and pencil. For a good analyst, this is enough to formulate requirements and draw up a business model. In practice, analysts use various modeling tools that support IDEFx, UML, BPMN notations. Such tools allow you to reduce the time for building models and diagrams, as well as get the result in graphical form and in the form of text reports. Tools like these help keep project requirements under control and keep them up to date. An example of modeling tools are such applications as: Enterprise Architect (EA), Rational Rose, RUP, etc. Also, office packages such as MS Office, iWork, Open Office come to the aid of analytics.

Where to go next?

In conclusion, I would like to reflect on the development of a further career as a systems analyst. A system analyst is a versatile person who is able to negotiate with customers, set tasks and monitor their implementation by developers. His knowledge and ability to navigate in various subject areas of human life are able to assist in the implementation of duties, for example, a project manager, or manage a team of analysts on large projects. One way or another, the profession of a system analyst is promising in the IT market today.

Other blog materials on the topic "Analyst in IT".