Top 5 Global Courses to Become a Successful Financial Analyst Sections Covered CFA- Certification for Investment Analysts CMA USA- Best for Corporate Finance Analysts CMA USA Career Scope and Salary Benefits ACCA- Globally Recognised Accounting Pathway MBA in Finance- Versatile Degree for Analysts MBA Finance Scope in Analyst & Leadership Roles Conclusion Schedule a call The role of a financial analyst is in high demand due to the advancing finance market. These professionals provide vast financial services, like guiding major financial decisions, business analysis, banking, and others to support a business' financial goals. Financial analysts examine financial data, maintain and analyse financial records, perform data analysis, work on a balance sheet, interpret Financial Statements, and identify credit risk.However, if you want to become a Financial Analyst, you must first pick one of the most suitable Financial Analysis courses online. You can pursue numerous online courses, including the US CMA courses, CPA US courses, Enrolled Agent courses, and the ACCA courses, to gain the right skills and knowledge for the financial sector. However, evaluating each and finding the practical course for anyone is essential. The right course for financial analysis can also help you gain the appropriate knowledge of Financial concepts like Financial Math and skills you need for financial regulation, trend analysis, and capital budgeting. Read this article to learn about the five best online Financial Analyst courses. CFA- Certification for Investment Analysts One of the most in-demand course certificates in the Financial Analysis field is the Chartered Financial Analyst Certification Course. This course in Financial Analysis is offered by the CFA Institute based in the United States. The online Financial Analysis courses are divided into three levels. They cover advanced investment analysis subjects like economics, corporate finance, and statistics. CFA Level 1, Level 2, and Level 3 Syllabus BreakdownBelow are the subjects included in the financial analysis programme- Ethical and Professional Standards Quantitative Methods Economics Financial Statement Analysis Corporate Issuers Equity Investments Fixed Income Derivatives Alternative Investments Portfolio Management and Wealth Planning CFA Level 1 and 2 have all 10 subjects listed above. However, the Level 3 exam does not have three subjects- quantitative methods, financial statement analysis, and corporate issuers. CMA USA- Best for Corporate Finance Analysts Another one of the best global finance certifications is the US Certified Management Accountant course offered by the Institute of Management Accountants based in the USA. This comprehensive Financial Analysis course offers extensive knowledge of the financial market. The course is divided into two parts, each with the following syllabus. CMA Part- I Financial Planning, Performance, and Analytics External Financial Reporting Decisions Planning, Budgeting, and Forecasting Performance Management Cost Management Internal Controls Technology and Analytics CMA Part- II Strategic Financial Management Financial Statement Analysis Corporate Finance Decision Analysis Risk Management Investment Decision Professional Ethics CMA USA Career Scope and Salary Benefits US CMAs have a wide career scope in the USA as well as in other leading nations like India, UAE, Europe, and the Middle East. Below are some of the most common roles available for US CMAs. Budget Analyst Cost Controller Cost Accountant Security Analyst Staff Accountant Treasurer Chief Financial Officer Internal auditor Several case studies show that US CMAs earn much more than non-certified finance professionals. US CMA freshers in India earn between INR 4 LPA and INR 6.6 LPA. On the other hand, experienced professionals earn around INR 8 LPA or more. ACCA- Globally Recognised Accounting Pathway The Association of Chartered Certified Accountants is next on this list of the best courses for a career in Financial Analysis. This course is offered by the ACCA board based in the United Kingdom. In addition to global recognition, this advanced accounting course is preferred the most for its varied opportunities in different fields. It has the following three parts. Applied Knowledge Level Business and Technology (BT) Management Accounting (MA) Financial Accounting (FA) Applied Skills Level Corporate and Business Law (LW) Performance Management (PM) Taxation (TX) Financial Reporting Financial Management Assurance and Audit (AA) Strategic Professional Level Compulsory Subjects Strategic Business Leader Strategic Business Reporting Optional Subjects Advanced Financial Management (AFM) Advanced Performance Management (APM) Advanced Taxation (ATX) Advanced Audit and Assurance ACCA’s Value in Financial Analysis Careers ACCA is not only an option for accounting aspirants. It is also one of the best finance and accounting courses and offers the best time value of money. Employers around the world prefer ACCAs for roles in Financial Analysis. However, these roles are available primarily for ACCAs who opt for the following optional exams at the Strategic Professional Level. Advanced Performance Management (APM) Advanced Taxation (ATX) MBA in Finance- Versatile Degree for Analysts You can also consider pursuing a Master of Business Administration in Finance to enter the Financial Analysis field. However, for this, it is essential to pursue the course from a globally recognised institute to access jobs in the international market. MBA in Finance includes the following course content. Semester I Direct and Indirect Taxes Managerial Economics Accounting Management Information System Semester II Business Law Operations Financial Accounting Research Semester III Business Ethics Capital Management Portfolio Management Semester IV International Accounting Risk Management Dissertation MBA Finance Scope in Analyst & Leadership Roles You can get the following Analyst and leadership roles after pursuing an MBA in Finance. Investment Bankers Portfolio Managers Financial Risk Analysts Financial Consultants CFO Financial Directors Conclusion The ever-advancing Financial Analysis world requires you to be highly knowledgeable and skilled if you wish to work in finance and capital markets. The courses mentioned in this blog are recognised worldwide. Hence, earning any of these certifications empowers you to acquire a job in the global industry.However, the advanced syllabus of these courses requires you to prepare for their examinations under expert guidance. It is where NorthStar Academy can help you. The institute offers the best preparation courses in online mode for Financial Analyst courses. You can opt for an online learning course provided by NorthStar in CFA, US CPA, ACCA, EA, or CMA USA exam preparation to advance your career. Frequently Asked Questions What skills are required to become a financial analyst? You need the following skills to learn Financial Analysis: Analytical Thinking Problem-Solving Communication & Presentation Attention to Detail Decision-Making How does risk analysis fit into financial courses? Risk analysis is a core component of a financial course. This is because understanding and managing risk is essential to sound financial decision-making. Why is financial forecasting important in analysis? Financial forecasting is a crucial part of the training course as it helps businesses with the following. Future financial performance prediction Informed decision making Risks mitigation Can business valuation be learned in financial courses? Business valuation is a crucial topic in most financial courses. These courses help learn different valuation methods as follows. Discounted Cash Flow (DCF) Comparable Company Analysis (Comps) Precedent Transactions Asset-based valuation What role do financial ratios play in analysis skills? Financial ratio analysis helps analysts and decision-makers understand a company’s performance. They also highlight its efficiency and financial health. Do top courses cover financial reporting skills? Top courses like CFA, US CMA, and ACCA include financial reporting as one of the most crucial topics. Hence, if you want to learn this skill you can do it through these courses.
