A financial risk analysis career involves studying credit risk and analyze whether a borrower has the ability to pay back the loans he has taken from a creditor and other aspects like the feasibility of investments and other operational costs. It is very important to analyze the financial risk in any business negotiation so that all parties remain financially safe and there is no major loss. Most financial analysts are hired by banks, investment firms and corporate accounting firms or work as consultants.
How to become a financial risk analyst:
In order to get a job in this field one needs to have background in finance. A minimum of bachelor’s degree and preferably a master’s degree is necessary to get a job in a large corporation. An internship will also increase your chances of getting a job and getting a better salary and you also need to develop your analytical skills.
Financial risk analysis career courses, training, programs:
A financial risk analyst must have a bachelor’s or master’s degree in finance, economics, business, management, where one can also take courses on investment statistics, investment planning, market risk management, credit risk management, quantitative risk management, probability, hedging and derivatives.
Financial risk analysis career schools/colleges, education:
There are many schools which provide training in financial analysis with specialization in risk analysis and management. They are:
Top 4 colleges/universities:
Arizona State University
Ohio State University
University of Florida
University of Texas at Austin
Financial risk analysis career job opportunities, salaries/pay and recruitment:
The job outlook of financial risk analysts is good and there has been employment growth in this field. More jobs are available for temporary positions than full-time positions as the economy has been fluctuating since a few years. At the entry-level, one can expect to get a salary of $60,000 but it can go over $120,000 depending on how large the corporation is.
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