The analyst must conduct a qualitative analysis of the situation on the financial market.However, as the finance is a very broad field to study and analyze, each financial analyst has to be able to evaluate a particular section of either the stock market, or the financial performance of the company, or a particular sector of the economy, or to analyze the economy.
Often the public perceives the job of the financial analyst as the job of the expert, who can analyze any financial performance and to draw conclusions on the ground of that analysis, as stated in Financial Analyst Duties and Responsibilities.
Furthermore, there are two similar professions which often intertwine with one another: financial and investment analyst.
First, experts in the financial industry appeared in the West in the 1930s and became immediately very popular.
The demand on financial analysts in the country increased in the 1990s.
The job of a financial analyst is extremely important in the contemporary society, especially in the time of the economic turmoil.
On the other hand, the job is very perspective and offers wide perspectives for career development.
The most common type of the career growth for the financial analyst includes the following positions: Junior Analyst (Assistant Analyst), Analyst, Senior Analyst, Deputy Head of Department, Head of the Department, as stated in Financial risk analyst.
Demographic characteristics of the financial analyst are as follows: the financial analyst is a relatively young, but very demanding professional.
However, the primary concern of the financial analyst today is the situation in the stock market, foreign exchange market and the commodity market, as stated by Roxy White.
The analysis in general is a very complex process that involves many steps.