blog Bonorum et Malorum

What maketh an Analyst?

Written by Fmi.Online

Last August, I got the chance to mentor a student based in Singapore and he’s waiting for his graduation. We started on which type of career he wants, and I asked him about his background. Fortunately, he was trading Foreign Exchange. 

It’s a good thing that he already understands Technical Analysis, and we got connected through a monitoring platform. Now, we are exchanging messages about how to break into the industry. 

My advice to him is to get as many certifications that he can, attend training, network, and keep his portfolio as well, if he wants to pursue trading for a bank or other financial institution (non-bank). Was encouraging him to go for the Hedge Fund BlackRock.

But trading for an institution may take time, so I recommended to him to consider the role of an Analyst. With the Analyst role in any financial institution or even in an Investment Bank, there’s an opportunity there for you to grasp the end-to-end operation. On some parts, in the Settlements and Reconciliations perspective, you may see the whole Trade Lifecycle and chase unresolved, unbooked trades from the traders in the Front Office or in the middle office. 

As an Analyst for 10 years here are some of the lessons I’ve learned working in a Global Capacity. 

Technical:

  • You must understand the Product or the Asset Classes.

It’s important for an analyst to understand the behavior of each asset class, not just the product in your process itself. When I was handling Derivatives, Futures and Options contracts in Settlements, I always read from time-to-time other products like Equities, Bonds, and FX. You might need it someday, coz’ some regions like APAC, EMEA are heavy in these products. You may enroll and get a Chartered Financial Analyst (CFA) or take classes in Fmi.online in which you may choose an industry in finance like Investment Banking and Asset Management and get certified.

  • Invest in the Stock Market. Try out some brokers, learn Technicals and Fundamentals

Sometimes, for you to appreciate the product is that you handle your own portfolio yourself. However, there are some companies or departments that do not allow outside trading, like you must disclose your every position — I know, right? Well, basically, it does make sense coz’ you may be in a department that has ‘Chinese wall’ and there is some information you may see before it would go public.

  • Read and Subscribe to Financial or Business News.

They have an impact in the Stock Market. Also, a grasp in Macro Economics would also help and reconcile those in which where the price of the index, or commodities would go. Having the sense of Corporate Actions would really help you understand, and it may help you in the interview as well. Like you may receive a question from the hiring manager, “what’s the latest news in the Market?” Believe me, I was kind of cornered in that question, good thing there’s a notification that came to me that morning about the latest IPO. 

  • Learn Microsoft Excel. 

Intermediate capacity is okay, but you may also improve up to the Expert level. I’m not saying this is the only Microsoft product you need to grasp but, trades come in the form of this format. In my experience, there’s always a dashboard for every process for you to extract that data. Our industry is data driven, so you must learn how to translate those data and simplify those for your respective shareholders and counterparts. Functions such as IFs, Concatenate, and LookUp (X/V), reporting like PIVOT to check only the necessary, and Visual Basic or VBA.

  •  Learn Automation in Excel

Though your hiring manager might not require this, but automation can get you to the easiest paths of reporting and shortening an end-to-end process. Whenever I make an automation thru Visual Basic, I always consider the time and FTE saves for this matter and those projects reflected in my ratings — thanks, boss! When I was part of HSBC, I handled the front running block orders automation to see the time of execution of the trades versus the time the trader places his order. So, in one click, the data that’s been extracted from our dashboard was already available and saves time from manually doing the PIVOT table (well, essentially, an automated PIVOT per se).

Article Published by: Carlos Payumo Garcia, CLSSYB.

More Articles

Asset Management

The Art of Cracking Technical Interviews for an Asset Management Role at Top Banks

Asset management is the practice of studying, acquiring, and trading investments with an aim of increasing total wealth over time. The sector offers lucrative opportunities with sizable salaries for you to pursue. Asset managers are often referred as portfolio managers or financial advisors as they perform this service for their clients. Asset management companies are […]

Read more
Asset Management

Top 5 Asset Management Career Paths and How to Get Into Them

In an era of wealth preservation, product innovation, and creation of alternative asset classes, asset management (AMC) is emerging as a promising career path. The global asset management industry is estimated to grow and reach a value of over a trillion dollars, $1,113 billion, by 2028, growing at a CAGR of over 23% for 6 […]

Read more

Role of a Fund Manager and How You Can Get Into It

A fund manager is an investment professional responsible for investing and managing a company’s portfolio of funds. This can include mutual funds, pensions, hedge funds, equity funds and so on.  Fund managers are typically classified as active or passive managers. Active managers are involved in buying, selling, and holding investments actively in order to outperform […]

Read more

3 Ways Finance Simulations Can Help You Acquire Skills and Knowledge Quickly

If you have tried working with any aspects of financial markets, be it professionally or by investing in stocks, you would know that this field isn’t the easiest to understand theoretically. What you need is to learn by doing. This is possible through finance simulations.  These are mockups of a financial concept, created using mathematical […]

Read more

Understanding the Difference Between Tangible and Intangible Assets

An asset is something of value which is owned by a company. For companies, assets can be classified in different ways. For example, assets owned by a company can be current assets or non-current assets. Another way to classify assets are as tangible assets and intangible assets. This second way of classifying assets is the […]

Read more
Investment Banking

Sell side Vs Buy side

We often hear roles described as either “sell side” or “buy side.” This article aims to demystify the language around these terms and explain specific roles on the sell-side.

Read more
Our Courses are designed to boost your career

Launch your career with Fmi’s Learning Pathway

Choose a learning pathway that best meets your needs and ambitions. Not sure which Fmi learning pathway is right for you? Explore our CareerBuddy videos for help and advice.

Investment banking pathway

Investment banking pathway

Monthly Subscription
  • courses-clock60+ hours
  • courses-desktop9 courses

Investment banking offers many exciting career opportunities for students. From Financial Analysts to Investment Management, and Sales & Trading to a wide range of roles in infrastructure such as IT, Risk or Compliance. This pathway is designed to help you understand the investment banking industry, the roles investment banks are recruiting for, and most importantly, help you to develop the practical skills you need to get into the industry and your preferred role whether this be as part of a school leaver, intern or graduate program.

FMI Online Student join-student-img2 FMI Online Student
55,000+ students currently enrolled
Global markets pathway

Global markets pathway

Monthly Subscription
  • courses-clock70+ hours
  • courses-desktop10 courses

Global markets provide a range of important products and services to corporates, institutions and governments worldwide from executing trades and managing risk to providing quality research content. A key business area in all investment banks, global markets offers a wide range of career paths for students to consider across all functions and at all levels from school leavers to internships through to graduate programs.

FMI Online Student join-student-img2 FMI Online Student
85,000+ students currently enrolled
Asset management pathway

Asset management pathway

Monthly Subscription
  • courses-clock50+ hours
  • courses-desktop8 courses

The asset management industry is a global industry worth over 100 trillion US dollars. It plays a crucial role in managing the assets of retail and institutional investors, offering a wide range of exciting careers in doing so. If you’re looking to forge a career in asset management, our Asset management pathway is perfect for you. We help you build the skills all asset managers are looking for and explore everything you need to know about the industry and the wide range of roles available in the sector

FMI Online Student join-student-img2 FMI Online Student
100,000+ students currently enrolled