A research analyst is someone who looks into, studies, and shares information about things like markets, how businesses work, and financial details. They’re good at handling and understanding numbers and data in a logical and organized way. Their job involves investigating and analyzing information related to their field, and they’re skilled at presenting their findings.
A career as a research analyst is expected to grow by 20% and Research analysts in India earn INR 3,00,000 – 5,00,000 PA. Many bachelor’s degrees are available for the majority of professionals in this field. B.Sc. (Mathematics), B.Com (Statistics & Mathematics), B.Sc. (Statistics), BBA (Marketing & Finance) , MBA, Certified INVESTMENT BANKING COURSE etc. have an advantage over others.
What Does a Research Analyst Do?
A research analyst’s job is to study, analyze, understand, and share information about markets, trade, finance, accounting, economics, customers, and other related data in their field. They are good at dealing with numbers and data in a smart and logical way. Research analysts do different tasks based on what their company needs. Their main job is to predict or forecast things, and what they do can change depending on the company and industry they work in.
Some of the job responsibilities may include the following given below –
- Creation for leadership teams of charts, graphs, and presentations.
- Analyze results from past years and analyze variance performance.
- Develop recommendations for the future improvement of business activities.
- Identify trends and make improvement recommendations.
- Provide trends and forecast analysis and recommend optimization measures.
- To organize and analyze data, use Excel functions.
- Improvement of processes, including standard and ad-hoc reports, identification, and driving.
Types of Research Analysts
- Operations Research Analyst
- Market Research Analyst
- Equity Research Analyst
- Financial Research Analyst
- Economic Research Analyst
Benefits of Career as Research Analyst
Being a research analyst is a really profitable job worldwide. The number of research analyst positions is growing faster than most other jobs. This is happening because businesses in all sectors, like finance and professional services, really need these experts. Because of this, more and more people want to become research analysts. This job has a lot of benefits.
Salary
- The average salary of research analysts in India varies from INR 3,00,000 – INR 5,00,000 per annum.
- At the beginning of their career, research analysts can earn around INR 300,000 per annum.
- With more than ten years of experience as a research analyst, one can earn INR 10,00,000 per annum.
Job Security
- Information is crucial for both big and small businesses.
- To get this information, companies hire research analysts.
- So, organizations need these professionals to handle information effectively.
- Research analysts gather, study, and assess data, helping decision-makers make important business choices.
- But the availability of qualified professionals in the profession of research analysts is limited. Those with genuine talent and abilities have an advantage in business.
Positive Impact of Career
• You can consider working in another country if you choose this career.
• Data analysts are important members of decision-making teams in all organizations.
• You’re not stuck to one type of job – data analysts can work in different industries.
• You can earn good money, including big bonuses, in this profession.
Skills Required to Become a Research Analyst
- Critical Thinking Ability
- Attention to Detailing
- Analytical Skills
- Numerical Skills
- Presentation Skills
- Communication Skills
- Organizational Skills
- Logical Reasoning Ability
- Creative Thinking
Conclusion:
At RK Global Business School, we believe that investing in education is a pathway to empowering individuals for success in the competitive world of finance. Our dedicated faculty, industry-relevant curriculum, and emphasis on practical skills development set the stage for our students to excel as investment bankers and research analysts.
Embark on a transformative journey with RK Global Business School, where excellence meets opportunity, and carve your path to a rewarding career in investment banking and research analysis. Your future in the financial domain awaits, and we are here to guide you every step of the way.