How can I become a Financial Analyst in Australia?

I am a Paraplanner who assist financial planner to prepare Statement of Advice in a financial planning company however I always want to become a Financial Analyst. I have just sit for my CFA LEVEL 1 exam in June and have degree of Financial Planning and Accounting. I wonder is there any entry level financial analyst opportunity for? How can I get into this industry?|||Exactly what kind of Financial Analyst do you want to become? Do you want to (1) work in the finance department of a corporation such as IBM, Microsoft, or Johnson %26amp; Johnson and work on financial forecasting and budgeting? Or (2) do you want to work in an investment management firm helping with managing money and investing money using stocks, bonds, and other instruments?



Based on you degree, (1) seems more logical and you should be able to find entry-level financial analyst jobs. If the market is real tough and you can't find a financial analyst job, then accounting is the best way to build some experience before going into corporate financial analysis. CFA is only useful in the investment management field, so if you are going for (2), then CFA might help in the long run. But getting a research job in that field is ridiculously competitive and CFA alone will not help. If you're interested in research roles in buyside firm and you don't have a top-tier degree, it's more important to get a couple of great experiences and get a top MBA. Even with option (1), a couple years of work experience and maybe a part-time MBA would propel you quite far, assuming that you do solid work.|||Hi Kevin, You are on the right track, CFA is the most appropriate qualification for Finance analysis and your experiences are best practice relating to meet the ASIC's minimum standard for the training product adviser (training standard).

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|||If you would like to be a Finance analyst you need to register with ASIC register training to


help you comply with their legal obligations to ensure that they and their representatives are adequately trained and competent to provide the services covered by their AFS licence.

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|||Don鈥檛 go back to Accounting and MBA again these are totally differ qualifications then your expectation...


All natural persons who provide financial product advice to retail clients must meet the training standards, unless they fall within certain limited exemption categories

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|||As an alternative, experienced advisers can demonstrate their competence through individual assessment by an authorized assessor: see


http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/rg146.pdf/$file/rg146.pdf

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|||After all registration and training with ASIC, you will be more fit and ready to get into the field鈥hether for your own business or works within investment institutions, backs, finance advisory fields etc.

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