What is a Banking Analyst?
A Banking Analyst is a highly professional person who researches and studies financial information to help banks and other financial institutions.
Money is very precious and everyone is worried about their money so very important decisions have to be made. Banking Analysts help institutions make decisions with the least risk and how to improve their financial standing.
This job takes up a lot of time, even after hours. You do not get paid overtime. You will always have to be on top of your game and up to date with all matters both financial and political. Political situations have a direct impact on financial matters and institutions.
Banking Analysts usually work their way up through the company to a more managerial position.
What does a Banking Analyst do?
- spends a lot of time of the computer
- collects information about company’s performance
- researches and analyses financial data
- keeps up to date with political situations around the world
- writes reports
- liaises with managers and other executive staff members
- recommends or comments on financial policies and investments
- limits risk
- compares company’s position with other companies in the same sector
- designs long term financial models
Are you . . . ?
- good at mathematics?
- good at research?
- methodical and organised?
How do I become a Banking Analyst?
You will need at least a degree in banking, finance, accounting or similar qualification. You will need to be interested in all things financial as well as current affairs.
These degrees can be done at SA universities.
- CLICK HERE to check for a training institution near you to see what they offer.
- Make sure you understand their entry requirements for each course.
- To avoid scams, make sure your institution is registered with the Department of Higher Education.
- CLICK HERE to check accredited Private Higher Education Institutions.
Is becoming a Banking Analyst the right career choice for me?