Before we talk about the Free Financial Analyst Course, we should have basic information about what exactly Financial Analyst is.
A Financial Analyst is a person who undertakes a financial analysis for clients such as examining the operation of bonds, stocks, and other kinds of investments.
To find trends that affect business decisions, a financial analyst analyzes both recent and historical economic and business data. Risk management, accounting, analytics, and data analysis are just a few of the top in-demand skills you’ll master with the financial analyst learning path to help you succeed as a financial analyst.
Analyzing the upcoming business alternatives, current investment suggestions, and results of other financial events ongoing, all come under the job of financial analysts. There are several free financial analyst courses online.
So, let’s start with digging up some information about financial analysts roles and how you can become one, and what are the Free Financial Analyst Courses Online that can help you in some way?
Table of Contents
A Brief Overview Of Financial Analyst
Who Is A Financial Analyst?
A Financial Analyst is used to analyze and inform all the finances-related investments or outcomes of a business. A Financial Analyst has to be a multi-tasker in financing.
They have to take responsibility for trading the stocks according to the current performance and condition of a business.
They usually work to form their financial models and prepare the company for future financial condition variations. Their responsibility is to analyze, predict and inform the company about the gains and losses of the business.
However, When you’re a Financial Analyst, the analysis you do is generally for decision-making purposes and that means you have an influence to a certain extent on what your company is going to pursue next.
Let’s explore the responsibilities and works of different types of analysts.
Types Of Financial Analysts
There are different types of financial analysts. Each firm or department requires a different kind of Financial Analyst. These analysts are categorized as
● Sell-Side Firms
● Buy-Side Firms
● Investment Banks.
Despite these major kinds of firms, financial analysts are also appointed for insurance firms, real estate enterprise brokerages, and several other kinds of firms that have to make several decisions every day about financial investments or outcomes of their companies.
Let’s discuss a few major kinds of financial analysts reserved for major financial firms.
Buy-Side Financial Analysts
Buy-side analysts are the most recruiting analysts in the financial industry. They are called buy-side as they just help their employers in deciding the finance-related decisions such as how much to invest in a stock or how much the company can generate income in a property.
However, the decision of buy-side analysts is not the last. The decision will only be approved by the employer. But the information provided by buy-side analysts is indeed valuable in making decisions.
Investment Bankings (Equity Analysts)
The most paid salary in the field of financial analysts is the post of Equity Analysts. The post is quite higher as equity analysts have to make trading decisions for huge banks and they also find Initial Public Offerings (IPO) for the bank. They help in exploring the most beneficial chances to get the best ownership to the bank.
Equity Analysts deal with a huge sum of money every day. One has to be the most intelligent to secure the position of an Equity Analyst as the salary offered for this post is quite a high standing.
Sell-Side Financial Analysts
Sell-side Analysts make research reports by analyzing the integrity of securities in a given firm. Sell-side analysts for huge investment banks are the most significant as they decide the price of their investment stocks and retail them in the market.
So, these were the major types of Financial Analysts, and a brief overview of what the financial analysts are. Now, if you are a Financial Analyst Aspirant, then we have brought you the Best Free Financial Analyst Courses.
There are several Free Financial Analyst Courses Available Online. Do you want to be a finance pro? If yes, then you might need to have ample knowledge of Financial Analysis.
Here is the list of the Top 5 Free Courses in Financial Analyst.
Top 5 Free Courses In Financial Analyst
1. Financial Analysis Fundamentals
For starting the Financial Analysis Fundamentals, one should have prior knowledge of reading financial statements, accounting fundamentals, and excel crash course to effectively understand the Financial Analysis Fundamentals.
Summary Of Financial Analyst Fundamentals Course
This course mainly contains four components that enhance your skills of financial analysis of any firm by using various kinds of ratios obtained from written financial summaries.
It is the topmost course that provides complete training to become a fine financial analyst. The four components of the Financial Analyst Fundamental course is:
Horizontal And Vertical Income Statement Examination
This is the component in which you will learn to analyze the income statement. You will learn how performance ratios are used to analyze the given strong horizontal and vertical income statement and how to benchmark the given income statement against a relevant partner or an association. You will be able to evaluate all the components of an income statement. Visit WSO review for financial analyst courses.
Balance Sheet And Leverage Ratio Examination
This is the second module of the course. In this module, you have to examine the balance sheet to define how efficient the company is in its operations. How to properly infer the balance sheet and what will be the effects of that balance sheet on the company’s cash cycle is illustrated in this module.
You will evaluate how much revenue a particular company generates. At last, you will be able to evaluate the company’s performance by using ratios and other strategies. Also read, Free Financial Modeling Courses.
Cash Flow Statement And Ratio Examination.
In this module, you will learn to examine the income and outcome of a particular company in a whole year by using several cash flow statements. You will be able to analyze the funding choices opt for an organization to keep the working of an organization efficient. You will be able to evaluate that if these funding options are opted to put up the management by using cash flow statements.
Rates Of Return And Benefit Analysis
In this last module, you will be introduced to the pyramid of ratios. You will learn to use the pyramid of ratios to examine any company. You will know how to execute these ratios to reveal the benefits and productivity of a company.
2. Business And Qualitative Analysis (Quantitative Analysts)
This is another position of Financial Analysts working in the Financial industry. Statistical and Mathematical methods are used in quantitative analysis to research and examine financial demands, financial tools, and attitudes of market part takers. The firms in which quantitative analysts appointed are:
● Investment Banks
● Commercial Banks
● Wealth Management Firms
● Accountancy Firms
● Consulting Firms
● Financial Software Companies
● Income Management Firms etc.
There is a vast scope in the field of business and quantitative analysis. Quantitative analysts use mathematical fundamentals to expand investment policies.
In this course, you will be able to create quantitative modules, prepare spreadsheets and read inflows and cash flow statements. The four modules of this course you will learn include Financial Acumen and nonfinancial managers, Introduction to spreadsheets and Models, Introduction to Corporate Finances, and Basic Fundamentals of Quantitative Modeling.
3. Financial Modeling and Valuation Analyst (FMVA)
The third topmost course you can pursue in the financial industry is the Financial Modeling and Valuation Analyst course.
In this course, you will learn to create spreadsheets, evaluate the company’s expenditures, create models and earnings of a particular company. Analysts used to create the model in which they consider the future references or decisions that can affect the organization.
The financial modeling and valuation analyst is responsible for making decent financial-related decisions for a company. One has to keep up with the company’s previous records to determine the upcoming decisions for the organization.
One will have to prepare a PowerPoint presentation to determine their decisions. The salary in this position ranges from $62,000 to $128,000 depending upon your job type whether you are a financial analyst or a budget analyst or a financial manager. Each position has different responsibilities and a different salary.
4. The Complete Financial Analyst Course
The complete financial analyst is one of the best alternatives in free data analyst courses. The course is vast and consists of multiple courses including business examination, financial mathematics, accounting, capital budgeting, etc. Microsoft Excel and Microsoft PowerPoint skills are also included in this complete financial analyst course.
After completing this course, you will be skilled in accounting, advanced accounting, beginner excel, intermediate excel, advanced excel, working capital management, financial statement analysis, financial modeling, capital budgeting, PowerPoint, etc.
You will be able to evaluate the solvency, liquidity, benefits, and development ratios to generate the organization’s current condition. This course is a complete package of several different courses to cover and prepare a complete financial analyst. There are many more skills you can learn via this complete financial analyst course.
5. Financial Analysis Using Ratios Methods
Another course you can pursue as a financial analyst is a financial analysis using ratio methods.
In this course, you will learn to analyze ratios that determine the organization’s solvency, liquidity, benefits, and development of an organization by examining income statements and balance sheets.
Financial Analysis using Ratio Methods grades how the organization is operating with time and the company’s position in comparison to similar companies in its sector or fields.
You will learn about the main six types of ratios in this course including-
● Solvency or Leverage Ratios
● Liquidity Ratios
● Efficiency Ratios
● Profitability Ratios
● Market Prospects Ratios
● Coverage Ratios
You will be able to calculate the company’s short-term debts, earnings, profits, efficiency, and future performance using these ratios. So, one can surely opt for financial analysis using ratio methods.
Finances are domains without which a business cannot work. Financial Analyst is one of the most coveted positions in the industry.
There are numerous free financial analyst courses that may help you to become a valuable financial analyst.
A lot of people don’t even know what the day-to-day will look like after being a financial analyst and what being a financial analyst actually is.
Hence, these were the Top 5 Free Courses in Financial Analyst. We discussed what exactly the financial analyst is. We talked over the types of financial analysts and then we talked with the free financial analyst course online.
The above-mentioned free courses in financial analysis are very useful in the financial industry. One can opt for any of these courses to become a fine financial analyst. Also read CFI FMVA Review.
By – Gayatri Barnwal
I am a freelance writer, I create engaging and well-researched content that strengthens the audience base, I am a student of B.Tech (IT), in love with words. My love for researching and reading gives me the freedom to write for various niches too.
I am a student of B.Tech (IT), in love with words. I have always adored writing since childhood.