Economist analyst - This is a professional in the financial and economic sphere, engaged in the collection of economic and statistical data and their subsequent analysis. The field of activity of the analyst involves the use of scientific and economic methods, their interpretation and the further formation of recommendations for the development of the enterprise. In addition, specialists in this profession deal with pricing issues, predict the movement and state of the market environment, determine competitiveness parameters, and evaluate budget execution.
Features
The specialization of “analyst” implies a wider range of competencies than that of an ordinary economist. The specificity of this profession implies information management in the economic sphere, the use of mathematical forecasting methods. Such skills make it possible to systematically and correctly solve problems of optimizing business processes.
An analyst-economist should have an analytical mindset, systemic thinking, the ability to formulate problems, solve them with available analysis tools, bring decisions to the management, providing maximum information about possible solutions.
An important aspect of the work of such a specialist is the confident possession of office (computer) programs designed to systematize and process data from financial and economic processes.
Job responsibilities
In the course of fulfilling his duties, the economist-analyst conducts research on various data and provides the management of his enterprise with conclusions on the solution of the set goals.Analytical work is carried out by a specialist as part of his job description, which is approved by the organization where he works. Such an instruction contains a listing of the duties of the employee and his authority. The standard duties of an analyst-economist are as follows:
- preparation of projects and plans of the enterprise under the concluded contracts;
- implementation of work on economic and financial planning;
- analysis of market needs, the use of reserves and established budgets to achieve maximum efficiency;
- formation of economic standards;
- conducting a comprehensive analysis of the use of capital investments, increasing labor productivity and profitability, reducing losses and increasing profits;
- reporting for management and third-party recipients in areas of activity;
- informing management of the presence of deficiencies and providing suggestions for their elimination.
Knowledge and skills
One of the main skills of an economist-analyst is the ability to interpret the collected data using scientific and financial methods and conduct systematic research. A good specialist who has received a modern education will be proficient in analysis methods in various fields of activity:
- finance;
- banking sector;
- exchange trading;
- risk management.
Specialists in this profession have high-tech practical knowledgethat provide them with the opportunity to promote ideas of optimization, profitability, forecasting the development of the organization. The duty of the analyst is to provide measures to increase the profitability of entrepreneurial projects. It should be borne in mind that such work requires certain personal qualities - attentiveness and high responsibility.
Education
The training of specialists in the field of financial analytics is designed to convey to them the largest possible amount of knowledge in the field of business and finance. The core subjects for economists are mathematics, computer science, Russian, banking, auditing and accounting, and the basics of programming. It is possible to obtain a master's or bachelor's degree in financial analytics in higher education institutions with a specialization in Economics.
To build a successful career it is important for the analyst-analyst to develop professional skills, the so-called soft skills. Modern training programs allow you to practice such tasks. To build a successful career, it is important for a specialist to develop attention to detail, a good memory, reaction speed, focus on tasks, stress tolerance, and sociability. During the training, in addition to studying basic subjects, the future economist learns to work with arrays of big data and works out the principles of monitoring industries.
It is important to learn negotiation skills, as it is important not only to analyze the information, but also correctly and optimally convey it to management and investors.
Where to work?
Economist analyst can work in scientific and financial institutions, commercial and state enterprises, banking institutions, in the stock market. Basically, specialists are involved in large organizations with financial units. The scope of the analyst is any financial institutions and companies where it is necessary to assess the production situation and issue a development forecast, taking into account market trends.
