If you have any questions, please see if I have answered it in my new video! -> kzitem.info/news/bejne/kWZsnoFoj4aWoYY
@Athear.
3 жыл бұрын
was your major applied math?
@RicardoR1
3 жыл бұрын
It was focused in actuarial.. so, financial mathematics, business analytics, probability, calculus..
@Athear.
3 жыл бұрын
@@RicardoR1 Thanks for making this video. It helped me realize I find this stuff interesting.
@RicardoR1
3 жыл бұрын
I’m glad and thank you for your support!
@rahmaruun5512
3 жыл бұрын
can you become a financial analyst with an accounting degree?
@sofiadeltoro6415
4 жыл бұрын
I’m a finance major and this video helped a lot
@RicardoR1
4 жыл бұрын
I hope so Sofía I wish you well in all your endeavors!
@lebogangmotaung5085
3 жыл бұрын
Oh my word, this is the BEST video I've ever watched on KZitem. People are usually so vague about what they do and you were the direct opposite. Thank you so much😊, it was very helpful even for me and I'm all the way in South Africa🇿🇦
@RicardoR1
3 жыл бұрын
Thanks for watching, I’m so glad it helped! :)
@CraftingWithAprilD
4 жыл бұрын
Finance Majors watching like👀
@RicardoR1
4 жыл бұрын
Lol thanks for watching and I hope this video helps!
@teabone1239
3 жыл бұрын
😂😂
@takziz22
2 жыл бұрын
Yes
@ricardoperez8866
2 жыл бұрын
They're suppose ti tell you in what to apply when you fish scho
@rupali4197
2 жыл бұрын
Lol 😂
@MarinA-id5mf
3 жыл бұрын
Really appreciated this. I’m doing a bachelors in financial economics and am trying to figure out what exactly I want to do long term, but your content has been really insightful. Keep it up man 👍🏼
@RicardoR1
3 жыл бұрын
Thanks for your support! I’m happy it provided insight! :)
@lilyrealtormlo
3 жыл бұрын
Thanks so much for this video! Finally, somebody explains the actual details and process of this line of work. So helpful!
@RicardoR1
3 жыл бұрын
Awesome! Glad to have helped!
@robertsonhughes1947
3 жыл бұрын
Hello! Yes you... Are you seeking a loan? If yes , then get back to me for we help people with viable projects who are experiencing difficulty in obtaining financing Start-up loans, Property/Business loans, Investment loans, Agricultural Loan, Rehab/Expansion loans, Personal loans, Educational Loans, Real estate loans, JV Capital/ Construction loans, Mobile home loan, Debt free loans, Equity/Refinance loans e.t.c to get loans, if you're interested contact me at robertsonhughes1@gmail.com
@tomstanely
4 жыл бұрын
Finally. The loan underwriting process in detail. Thank you very much for this video.
@RicardoR1
4 жыл бұрын
Thank you for your support!
@giovanniosorio4759
4 жыл бұрын
Thanks mate!! Please we are ready for more videos!! I'm just starting my career as a financial analyst and this content is very valuable because it's about what you really do and no only theory as it is sometimes in the university
@RicardoR1
4 жыл бұрын
That’s great news! Thanks for your vested interest. I’m sorry for the delay, but this weekend I will be posting for sure!
@RicardoR1
4 жыл бұрын
I agree with you about what you said. Sometimes, other skills not learned at university will prove more valuable
@giovanniosorio4759
4 жыл бұрын
@@RicardoR1 You said it even better...
@ikcijci
4 жыл бұрын
Thank you so much Ricardo for this video. A lot of people in general dont know what to expect when it comes to careers and jobs. Appreciate you sharing with us what to expect!
@RicardoR1
4 жыл бұрын
For sure Ulises! I appreciate you watching and will be uploading more content in the near future :)
@NewIncognito-eg8qj
4 жыл бұрын
Did college actually prepare you for your job as a financial analyst or we're you learning everything you needed to know during the job training and how fast did you adapt?
@RicardoR1
4 жыл бұрын
Be sure to watch out for upcoming videos on this topic. A quick answer to your question: yes, college prepared me for some things and helped with landing the job.. The rest, I’ll talk about in videos to come (it’s a lot to cover thru text).
@MaddMan621
4 жыл бұрын
@@RicardoR1 Great video, looking forward to that follow-up, I'm very interested
@katherinezambrano2726
3 жыл бұрын
I liked how you explained your daily routine as Finance analyst. I’m currently pursuing a Finance degree and I need more exposure to understand what I will be learning from this degree. I’m taking ACC 232, statistics, Econ and other general courses and I’m still somewhat confuse.
@RicardoR1
3 жыл бұрын
It’s all so that you’re well rounded in business and able to support certain functions in different careers within the finance industry.
@kientr9999
2 жыл бұрын
Thanks a lot, I've just graduated in Finance for a month but most of finance jobs require experience and at least 2 years of work experience for analyst position. So that now I'm working as cost accountant to gain more experience and understanding corporate finance activities, hope that it would benefit my long time goal to become a financial analyst. Thank you again🙏
@RicardoR1
2 жыл бұрын
You’re well on your way. However, don’t let that time frame of 2 years stop you from applying. Apply anyways, sometimes they’ll make an exception on the “requirements” in the job posting. Especially if you do well in the interview!
@trimtwo138
3 жыл бұрын
Thank you so much for this video. I’m about to be a senior and I’m a finance major. There’s been so many times during the last year I’ve thought about changing my Major because I’m not the best student😭 but I try. Your explanation of this job makes me less nervous. Also: can you do an interview on what your interview process like to get this job?
@RicardoR1
3 жыл бұрын
Thanks for supporting the channel! I have some content ideas and I’ll be sure to include yours! Thanks again!
@kraljict
2 жыл бұрын
I’m doing a double major of accounting and finance and this is definitely one of the routes I want to go :)
@RicardoR1
2 жыл бұрын
It’s a great way to get your foot into the industry and you can learn a lot!
@chosenone2414
2 жыл бұрын
It’s well worth doing the double major. I was a double major as well in Finance and Accounting. I must say it helped me greatly and I must say NETWORKING is what really get your recognized!! Keep striving and you’ll be in a great role soon.
@kraljict
2 жыл бұрын
@@chosenone2414 Couldn’t agree more! I got a job as a stockbroker at a brokerage firm and I think that will definitely help in some ways as it will be my first finance job.
@chosenone2414
2 жыл бұрын
@@kraljict oh you’re on a great track for sure! Do you plan on getting your masters or MBA after your undergrad? I’m doing a fast track MBA with a concentration in Finance to receive my MBA in 10 months. Since I don’t have a desire for my CFA anymore.
@kraljict
2 жыл бұрын
@@chosenone2414 I don’t plan on pursuing an MBA anytime soon. I probably will pursue my CPA but that will be on the dime of which ever company I work for. Personally, I think it’s better to get work experience first before getting your MBA. They seem so water downed now a days.
@yvetteramirez8661
4 жыл бұрын
This is great!! Good information, just what I needed!! Thank you so much!!
@RicardoR1
4 жыл бұрын
Thank you! I’ll be uploading more content soon!
@mdgarcia150
3 жыл бұрын
I’m an accounting major but just landed a job as a credit analyst for a local community bank as well. Learning a ton of information so far, as I learned right away this is more of a finance position. Thanks!
@RicardoR1
3 жыл бұрын
How are you enjoying it?
@marcovilla1997
3 жыл бұрын
your edits are my favorite!!!
@RicardoR1
3 жыл бұрын
Thanks for your support Marco!
@calikocat123
4 жыл бұрын
This video is very informative! I am a Mathematics major, but I knew I should've went for finance. Hopefully I can land in a position similar to this.
@RicardoR1
4 жыл бұрын
If you love math, quants use a ton of math and have a tiny bit of finance. Jobs like mine can be titled underwriting or credit analysts. USAA is hiring a ton of math majors for business positions as business intelligence analysts, business analysts, and actuarial. I’m glad the video helped!
@RicardoR1
4 жыл бұрын
From the top of my head, Prudential hires actuaries. Facebook and amazon hire business analysts or data scientists, and, if I’m not mistaken, companies in NY/NJ hire quants/investment bankers and everything in between - JPmorgan, Goldman Sachs, Bank of America. Your skills are needed everywhere my friend and as a quant/actuary, you will probably be coding and doing math. A lot of analysts (business analysts, business intelligence analysts) use coding and math all the time.
@robertsonhughes1947
3 жыл бұрын
Hello! Yes you... Are you seeking a loan? If yes , then get back to me for we help people with viable projects who are experiencing difficulty in obtaining financing Start-up loans, Property/Business loans, Investment loans, Agricultural Loan, Rehab/Expansion loans, Personal loans, Educational Loans, Real estate loans, JV Capital/ Construction loans, Mobile home loan, Debt free loans, Equity/Refinance loans e.t.c to get loans, if you're interested contact me at robertsonhughes1@gmail.com
@PolitcsUnleased
3 жыл бұрын
@@RicardoR1 I agree, if you become a quant and learn to code/write a good program you can sell it for a truckload of money to even a small firm
@RicardoR1
3 жыл бұрын
Interesting point!
@JorgeRamirezFinance
3 жыл бұрын
Yeet! Financial Analyst with 17 years in the game! Great explanation bro 😎 keep up the good work!
@RicardoR1
3 жыл бұрын
I really appreciate this comment! Thanks for your support!
@godappans
2 жыл бұрын
Hey as an expert what do you think about the career? Is it a good job in terms of satisfaction?
@yixuanniu5482
3 жыл бұрын
goood amount of detail! Love it, better than those vague representations. Wish you can talk about wages too in detail!
@RicardoR1
3 жыл бұрын
Thank you! I talk a little more about salary in the “Financial Analyst Q&A” video on my channel! I hope you take the time to view :)
@heathersalomon
3 жыл бұрын
Thank you for making this video. I'm a finance major and deciding on what route I'd like to take when I start my career. What kind of a bank do you work at? And was this an entry-level position? I'd love to see a video on what your career options are after you get your master's degree and with your experience.
@RicardoR1
3 жыл бұрын
It was a local commercial bank, meaning they typically only did business loans. It was entry level and thank you! I plan on it. I love KZitem, but my daily life is pulling me in all kinds of different places at the moment. I will make a video regarding everyone’s comments on here. I didn’t realize how much support I would get so I really wanna make another vid and express my gratitude. Finance is an excellent major. If you keep your GPA up, there’s a lot of opportunity. If your GPA is a little low, but you land an interview and can prove you know what you’re talking about, you can still find great jobs. Keep it up!
@jazzyj6640
Жыл бұрын
This was such an informative video. 👏🏿 thank you so much!
@RicardoR1
Жыл бұрын
Great! Thanks for watching :)
@shamirkhan7055
2 жыл бұрын
I'm 22 and I'm now starting my journey... Planning on doing anything and everything to get there.
@RicardoR1
2 жыл бұрын
I wish you the best of luck! I’m working on my next video so stay tuned!
@TheKrystolMethod
2 жыл бұрын
I have an interview for an financial analyst tomorrow and its new to me. I have experience as a performance anaylst and a trading analyst.
@RicardoR1
2 жыл бұрын
Good luck! I wish you the best. If it’s anything like the type of financial analyst in this video, know your ratios and financial statements!
@Unknown_05999
3 жыл бұрын
I work as a credit analyst for homeloan in an Australian bank and the pressure and risk involved is huge . You don't want to end up giving an incorrect loan approval and that person defaults.
@RicardoR1
3 жыл бұрын
Lol yup! I love it.
@jacobpatterson9440
2 жыл бұрын
Very good video. Thanks.
@RicardoR1
2 жыл бұрын
Thanks for watching!
@noneducatedsmarts
3 жыл бұрын
Lmao at the edit of you on the computer thanks for the edit really made me stick around to viewing the whole video blessings. ! And thank you for this video
@RicardoR1
3 жыл бұрын
Thanks for your support! I’m glad you enjoyed [: lol
@ic2306
3 жыл бұрын
I was wondering what your setup is like. It looks really good. I wanted to know if i can do finance with my ipad pro. I was thinking of selling my ipad for a laptop but its hard to let go of it because i love taking handwritten notes on my ipad. Maybe you can do a video of your “finance setup”. you can show what applications you use and why you chose a macbook instead of a windows pc. thanks 🤝
@RicardoR1
3 жыл бұрын
Good idea! I’ll consider this in the future. I think PC’s are best because you can fully use excel’s functionality. I had the Mac just to look things up really and for my personal use.
@isaiaharagon3616
3 жыл бұрын
Hey man, your thoughts on data analysis/SQL/programming and finance/ financial analysis
@RicardoR1
3 жыл бұрын
I think the future is finance in combination with programming.. and the people who are most rewarded in the job market will comprise the two skills mentioned with math. Quant finance will eventually be a way bigger industry. I believe this to be true so much that I went for a masters in business analytics and want to self learn math/CS to accompany my business acumen.
@aecoIT
3 жыл бұрын
@@RicardoR1 Something like python or..?
@nagasaipavithra619
3 жыл бұрын
Very clear and really helpful to get a view about finance analyst role in loans department. If possible please let us know other opportunities for a finance fresher.
@RicardoR1
3 жыл бұрын
I definitely will. Thank you so much for the suggestion :)
@positive8512
4 жыл бұрын
Great video! providing definitions for terms is perfect, but the sounds are not good, because when I'm using my headphones, the effect sounds are a bit annoying. Overall, the video is perfect! I'm a BA student and my major is management with finance. In which industry would you recommend me to start my career? Thank you for your response!
@RicardoR1
4 жыл бұрын
Thanks for the feedback. Id definitely recommend doing what you enjoy more .. Think about which classes you like most. Think about the curriculum without the teacher.. for example (hypothetical), don’t assume you like finance just because your professors are better Whichever class you enjoy the most, then make your choice. That’s what college is for :) Either way, the management industry and finance industry are worth it imo
@shadyaff
3 жыл бұрын
Very helpful, well-said mate.
@RicardoR1
3 жыл бұрын
Thanks for your support! Much appreciated
@jadedjimmy
2 жыл бұрын
Just graduated with a math degree and luckily landed a job as a financial analyst. Obviously my degree was not in finance so I had a feeling I'd be dealing with a lot of brand new terminology and functions. After seeing lots of rather vague descriptions of the job, I'm glad your video actually went super in depth! A lot of it went over my head but hey I'm here to learn! 😂
@RicardoR1
2 жыл бұрын
Glad I can help! Congrats on your new role!
@ManPursueExcellence
2 жыл бұрын
You’re lucky. 😆
@jadedjimmy
2 жыл бұрын
@@ManPursueExcellence Hey it actually didn't take terribly long to land it! A few months flew by from the time I graduated to when I started the job, lots of interviews in between but it was all well worth it.
@sophiabel6621
4 жыл бұрын
Thank you for the information. I was wondering in a choice between masters in finance or data science, which is better for future? Considering someone from a stem major.
@RicardoR1
4 жыл бұрын
In terms of demand, data science is going to be the best choice in securing a future and probably getting paid more. However, you should always choose a degree based on what you want to do and what will make you happiest imo!
@Abc-cp6cb
3 жыл бұрын
This is a great video, most don't go into this much detail.
@RicardoR1
3 жыл бұрын
I’m glad you enjoyed it!
@DroopNasty
3 жыл бұрын
I got my accounting degree and discovered the work is just not for me long term. This sounds way more interesting seeing new businesses etc. Are banks the way to go for finance over big corps that don’t loan money?
@RicardoR1
3 жыл бұрын
It all depends. I know accounting in general can be pretty repetitive unless you’re auditing or consulting or a CPA yourself. Find out what YG like to do :)
@umusada
Жыл бұрын
Hey Ricardo, thank you for sharing this video with us. I recently graduated with Mathematics major and finance minor. I am applying for any jobs in financial services and after watching this video, it made me find positions as credit analyst. My questions are; what are some challenging you face as credit analyst and also do you get to use vlookout or pivot tables? Thank you
@RicardoR1
2 ай бұрын
Vlookup and pivot tables were rare, but I think in bigger banks, definitely useful. A credit analyst in a credit union or small bank won’t typically have the need for that type of analysis.
@anthonymejia631
3 жыл бұрын
Awesome video! Keep the videos coming!
@RicardoR1
3 жыл бұрын
Thanks Anthony! I appreciate it
@patriciavaldoz8223
2 жыл бұрын
Hello, I find this interesting. Can you give a sample video on how you make statistics on Long Term Liability? Thanks in advance. I've just subscribed to your channel
@dreyadreya972
2 жыл бұрын
How can non-finance majors cross over into the finance field and become analysts?
@RicardoR1
2 жыл бұрын
By taking the CFA exams or getting an MBA!
@CJ-tr3ji
4 жыл бұрын
Thank you for sharing! Please note that the use of the phrase "Bare with me" should be "Bear with me." I know why is she telling me this. My mentor corrected me on this. What is does is show your audience you took the time to be precise in thought as well as finance.
@RicardoR1
4 жыл бұрын
Omg wow thank you! I never realized this and thanks for the correction.
@RicardoR1
4 жыл бұрын
I did it on purpose to see if anyone would catch it! Lol jk
@CJ-tr3ji
4 жыл бұрын
@@RicardoR1 No worries! I am excited for my journey as a new financial analyst. I have a tough mentor. I just wanted to help since you helped me. 😊 By the way, my favorite brother's name is Ricardo.
@RicardoR1
4 жыл бұрын
That’s a great name and I’m very happy I could help 😁👍🏼👍🏼
@RicardoR1
4 жыл бұрын
And congrats on the new role!
@thefeelingofunfair4052
4 жыл бұрын
I got a degree in finance and a a.s in computer information. I had a accounting internship and military. That was last December, convid pretty much stoped my life from starting
@RicardoR1
4 жыл бұрын
An accounting internship is excellent to have on your resume. I was in the Air Force as well.. hold on in there bro seriously this is going to pass and you can get back to it. What are your plans what are you trying to accomplish?
@thefeelingofunfair4052
4 жыл бұрын
@@RicardoR1 Right now i just want mh own place and a job. I was going to be a police officer but my credit sucks (540) so i was turned down by Orlando and philly.( but i live in Pittsburgh) lived at home my whole life and have had morw than 12 part times and 3 internships. Just want to start dating and having money in my pocket for the First time
@RicardoR1
4 жыл бұрын
The economy is not great right now man but don’t give up. I’ve applied to so many jobs been rejected so many times and didn’t know what to do at some points in my life trust me you just gotta keep your work ethic up (even if that means working to find a job) and keep pushing
@jonygonzalez1000
4 жыл бұрын
Very helpful !
@darkbirdgraal2517
Жыл бұрын
bro this job is a credit analyst position, not financial analyst
@melvinholmes8862
Жыл бұрын
I’m in a situation where I’m almost done with my degree but because I chose to do one of those pay as you go schools I can’t get my degree till it’s paid but I do get a completion letter. My question to is can I land an entry level position while I’m still paying off my degree?
@RicardoR1
2 ай бұрын
Apologies for the late response. You can, but in finance, it’s typically more difficult. Your best bet would be to network aka ask someone to make a phone call and vouch that you’re good for the role without the degree. However, some banks use a degree as a qualification to avoid discrimination lawsuits when they have layoffs or when they don’t promote internally.
@Antoinetteelean
4 жыл бұрын
So you’re a financial analyst but you do credit analysis specifically?
@RicardoR1
4 жыл бұрын
My bank calls my position “financial analyst”, but, in my opinion, I should be called a credit analyst or credit risk analyst. Different companies/institutions will call it different things. However, they’re all in the finance industry.
@ПетарВићентић
3 жыл бұрын
Do you need advanced programming as a financial analyst?Tnx for uploading, pretty helpful
@RicardoR1
3 жыл бұрын
You do not. It’s definitely a plus. It will also automate some of your processes and you can stand out from your peers.. your life will be a lot easier if you play your cards right.
@grey1885
4 жыл бұрын
Great video, really helpful
@RicardoR1
4 жыл бұрын
Grey I’m glad you enjoyed!
@dagobertoemiliano560
4 жыл бұрын
Great video thank you so much
@elvinrasul5503
3 жыл бұрын
background music is a good idea and it is working. cool :)
@RicardoR1
3 жыл бұрын
Thanks for supporting the channel! 😁
@Mvjesty23
3 жыл бұрын
My professor has his CFA and pushed us for analyst roles. The two classes I took with him was taught out of CFA level 1 and 2, so I think I have a good grasp 😬
@RicardoR1
3 жыл бұрын
Honestly, I wish there were courses at my school that did this. Pretty awesome for you!
@tahirgriffinguendogan1569
4 жыл бұрын
Just wanted to get your opinion. I am an accounting major but was wondering if I should switch to finance? I know that if you are doing private equity or looking at analyzing financials for venture capital requires a heavy accounting understanding. So would I just be better off sticking with accounting and then getting a CFA? Even with what you said about your current role seems to require a lot of accounting knowledge, so just was wondering what you think?
@RicardoR1
4 жыл бұрын
I think accounting is a non-traditional way of going about trying to break into private equity. However, I know KZitemrs that are investment bankers have gotten into their careers with accounting degrees. From investment banking, they typically advance into private equity. It also depends on how far along you are in your degree. If you’re about to graduate, I would say to just finish your accounting degree and pass the CFA. It honestly all depends on your goals - if you want private equity, you should switch to finance, and try your best to keep your GPA up (above a 3.5), again, depending on how far along you are in your degree. Finance jobs like that are very traditional in the way they recruit. That being said, an underwriting job or basic analyst job sometimes doesn’t require a finance degree or the CFA and will hire someone with an accounting degree/economics degree/math degree. I work with someone who has a BBA in business administration, and a masters in accounting.. and another person with a masters in economics.
@johnnyneely6673
3 жыл бұрын
I’m currently pursuing my MBA in with a concentration in finance or accounting which one do you think is the most beneficial for a financial analyst position. I currently work in the tech field?
@RicardoR1
3 жыл бұрын
I would say finance generally for the tech industry. For a regular financial analyst position, either or would work.
@cooliest2267
3 жыл бұрын
Funny edits bro haha. I really enjoy investing and equity research as a college student right now. I have a family history in banking, accounting, and sales. But I recently switched my major from Accounting to Finance. Do you think it is better to garner experience from an internship ASAP or am I just as eligible to land a decent salary job after I graduate?
@RicardoR1
3 жыл бұрын
Thanks man! Lol Doing an internship always increases your chances, but you can still land a job after graduation. If you do well in the internship, then maybe you have a full time offer from that company and you can rest assured while you search for other jobs. Internships have their advantages, but people land jobs out of college with no experience all the time. Like I always say, make sure your resume and interview skills are on point.
@cooliest2267
3 жыл бұрын
@@RicardoR1 Awesome thank you for the tips. I agree with what you're saying about degrees because it doesn't make or break a person's success. Anyways it's pretty rough getting an internship while most students applied last Fall so I am hoping to at least work in a business-related setting to add more on my resume. Looking forward to more vids :)
@RicardoR1
3 жыл бұрын
Degree or no degree, anyone can be successful. There are a lot of people who make way more money than people with degrees AND money is not the only measure of success. Thanks for subscribing and for the support!
@user-xk6sc7ui9g
3 жыл бұрын
hii I’ve been debating if I should go into nursing or finance. I’ve heard a lot of horror stories, difficulties, burn outs & more for RN. Finance the only con is I really hate math and I have adhd where I’m more of a creative person rather than being analytical with graphs & numbers idk. Would you say I’m qualified ?? How is finance for you?
@RicardoR1
3 жыл бұрын
I’ve heard a lot of nursing horror stories as well lol creativity is absolutely necessary when performing an analysis.. but there is some math. However, I wouldn’t say that a lot of entry level analyst position use too much math. In college, you’ll definitely do algebra if you studied traditional finance, but that’s all.
@RicardoR1
3 жыл бұрын
I love finance, so you’re going to get a very biased response.
@perlas8680
3 жыл бұрын
SAMEEE. I’m trying to decide in btwn nursing or fpc/law. Going into college as nursing, might major in finance after job shadowing and I for sure cancel nursing out . It’s so tough trying to choose though
@user-xk6sc7ui9g
3 жыл бұрын
@@perlas8680 i decided to do business major and minor finance 😩 jus got accepted to a university i wanted to go so i’m glad it’s all working out now
@perlas8680
3 жыл бұрын
@@user-xk6sc7ui9g eyyy chase that bag😋 u got this no matter what life throws at u , you chose a great study plan.
@tayabel1103
3 жыл бұрын
Thank you so much for this video! It was very informative! I have a question: is financial analysis a very introverted job? I want to have more of a introverted job, so I was just wondering.
@RicardoR1
3 жыл бұрын
It caters to introverts yes. Remember, i don’t analyze stocks, I analyze loans.. so it’s much slower paced and I don’t deal with the clients. Sometimes you have to speak with your team or supervisor, but once you learn your job well, you spend like 6 of your 8 hours a day on the computer working. Even in meetings, I hardly ever speak.
@anthonylin7491
3 жыл бұрын
@@RicardoR1 is there another position similar to an financial analyst that is more proactive and social. I enjoy talking to others and I dont think i could last 8hrs a day just on my comptuer
@RicardoR1
3 жыл бұрын
I would look into investment banking if you like doing analysis and dealing with clients. There’s also financial services where you sell securities to people.
@RicardoR1
3 жыл бұрын
You could also be a credit lender or loan officer
@tayabel1103
3 жыл бұрын
@@RicardoR1 Thank you for your response! I’m just applying to business schools, but I have to declare my major for first year in one of the universities, so I wanted to have an idea of which job I’d like to do. Based off my research, I’m guessing that a finance major would be the best in order to become a financial analyst?
@Alex-qq6gh
3 жыл бұрын
Bro, Could you recommend me books about how to analyze financial statements? And books that helped you to be a better financial analyst
@RicardoR1
3 жыл бұрын
Sure. So, 1. Security Analysis - I only read the first part, the accounting was pretty advanced. 2. The intelligent investor 3. Power - Robert Greene 4. AdaptPrep.com is a website that helps you study everything you need to know about being a financial analyst. It’s a little pricy, but sign up for the CFA lvl 1 videos and quizzes from there. Worth it.
@Alex-qq6gh
3 жыл бұрын
@@RicardoR1 Thank u👏🏻
@RicardoR1
3 жыл бұрын
Of course!
@DroopNasty
3 жыл бұрын
I’d like to hear any accounting career advice you have for sure. Public accounting is too many hours and Corp accounting is just the exact same thing month after month, year after year.
@RicardoR1
3 жыл бұрын
Being a financial analyst is fun for me. I see different kinds of businesses all the time so it’s not too repetitive. It can get repetitive in the process.. but it’s still different in the analysis
@RicardoR1
3 жыл бұрын
I’ll see if I can make a follow up video on this with more detail
@RicardoR1
3 жыл бұрын
Also, apply for those financial analyst positions. Accounting makes you very qualified even at local banks
@Professor_Giggles
2 жыл бұрын
Good video!
@RicardoR1
2 жыл бұрын
Thanks for watching!
@cldavis9849
3 жыл бұрын
Thank you for posting this video. I am a recent college graduate with a bachelors in Finance. I am currently competing in the CFA Research Challenge for the department of Economics and Finance. I have participated in other investment valuation based competitions in the past as well. I’ve also written a couple articles via Seeking Alpha aiming for publication. However, I do lack job experience. One of my biggest concerns is if I meet the qualifications for this career without a maters degree. Would you happen to have any advice for a person like myself?
@RicardoR1
3 жыл бұрын
HI Cooper, I'm going back through my comments and realize I never replied to you! I apologize so much. You will definitely meet qualifications with just a bachelor's degree. In the future, that might not be true, but I hope that you did end up landing an entry level position. The CFA research challenge seemed super fun! I never got to participate, but I read some of the reports. As for advice, ensure your resume is pristine and hone your interview skills. I really hope you're doing well; again apologies for not replying sooner.
@cldavis9849
3 жыл бұрын
@@RicardoR1 I’m doing well thank you! I actually have an interview this weekend! Thank you very much for your reply!
@RicardoR1
3 жыл бұрын
BEST of luck!
@Soulenergy31
3 жыл бұрын
Brilliant!! thx for sharing!!
@RicardoR1
3 жыл бұрын
Thanks for the support!
@robertsonhughes1947
3 жыл бұрын
Hello! Yes you... Are you seeking a loan? If yes , then get back to me for we help people with viable projects who are experiencing difficulty in obtaining financing Start-up loans, Property/Business loans, Investment loans, Agricultural Loan, Rehab/Expansion loans, Personal loans, Educational Loans, Real estate loans, JV Capital/ Construction loans, Mobile home loan, Debt free loans, Equity/Refinance loans e.t.c to get loans, if you're interested contact me at robertsonhughes1@gmail.com
@munguia824
3 жыл бұрын
Thank you so much I was getting anxiety thinking I chose the wrong major but this job position sounds really nice! Investment and equity banking is long ridiculous hours and all risk manager job postings indicate 5-8 years of risk analysis experience so I think this will be the position I will be going for after my degree! Thanks again you really helped me 😭😭❤️ do you have any knowledge of the Credit risk analyst certificate through NACM? Do you know if it will help having this certificate to break into entry level? Did you get this position as entry level or what kind of previous experience did you have to build up to it?
@RicardoR1
3 жыл бұрын
I’m glad it helped you! I don’t know about the certificate. I got in with an internship as my only prior professional experience besides my degree. Getting the certificate will definitely help, and it won’t hurt. It can supplement a bachelors degree.
@serenesista
3 жыл бұрын
How much is your salary? How stressful is your day to day? Is there any aspect of your job that gets overwhelming? Like too much work or deadlines etc.
@RicardoR1
3 жыл бұрын
I’ll give you a range: $40,000-$70000 Day to day is not really stressful. There can be some hard deadlines and you can be on the spotlight depending on who needs something done. For example, the VP might want you to analyze something or change specific things in a report and they need it back the same day.
@RicardoR1
3 жыл бұрын
For the most part, it’s not really stressful, but it can be sometimes.
@postghost6536
3 жыл бұрын
love your channel
@RicardoR1
3 жыл бұрын
Thanks for the support!
@introvertdude99
2 жыл бұрын
Sounds a bit more interesting than accounting
@RicardoR1
2 жыл бұрын
I’d say so myself lol
@barnadeep_das
2 жыл бұрын
Hello sir, i am doing my mba , now i have to choose one of the major subjects and i am confused in between " Human Resource" and " Finance ", please guide me.
@RicardoR1
2 жыл бұрын
Human Resources - typically lands you in a job as a hiring manager or recruiter. The finance industry - banking/investment banking/credit union, as an analyst or mid level manager
@PXXD..
3 жыл бұрын
Nice video helped a lot I am a student😊
@RicardoR1
3 жыл бұрын
Very glad you enjoyed! Thanks for your support
@isaiaharagon3616
3 жыл бұрын
Good stuff man 🤙🤙🤙
@gamesrullzro8356
4 жыл бұрын
As a financial Analyst( aka FP&A) you gonna have 2 fucking main activities. 1. MEC 2. Forecast process I was a financial auditor, financial advisor, financial analyst and a financial planning analyst( in B4 in DXC and JTI) . What means each of them ? You have google boy 👦 .
@Cataclysmm1
3 жыл бұрын
Hey man im a marketing major but i wanna pursue a masters in finance and work as a financial analyst, is there any chance for me to pursue a finance related carreer with a marketing major in your opinion?
@RicardoR1
3 жыл бұрын
Yes. If your undergrad is in marketing, and you take a finance concentration during your MBA, you can be a financial analyst.. but it will be difficult to pass those classes during your mba because finance typically builds.. again, it all depends on how much time you have to teach yourself basics, be prepared enough for master level finance classes, and what school you go to..
@urmichhagani6529
3 жыл бұрын
Could you tell us what books should be referred by people who want to make career in finance ?
@RicardoR1
3 жыл бұрын
I loved reading the intelligent investor, security analysis, and anything about warren buffet.. but don’t limit yourself to only warren buffet’s mentality and how he thinks about the stock market. For sure, for a career in finance, you will MOST LIKELY have to learn a few things out of some textbooks or get a formal education (Not true for everyone). It all depends on what you want to learn about.. theres quantitive analysis, traditional finance, corporate finance, credit analysis, equity, trading and everything in between. Imo, the most important and most practical books in my traditional role as a credit risk analyst have been the ones about people and lifestyle. 48 laws of Power or human nature by Robert Greene, books by goggins, extreme ownership, how to win friends and influence people, Optionality..
@fantazybtz
3 жыл бұрын
Great video man!! Did you get any relevant experience before the analyst job that gave you qualifications for a financial analyst, cuz I am expecting to graduate in a year and it is impossible to find an entry level financial analyst job or internship without any experience
@RicardoR1
3 жыл бұрын
Apply anyways! I didn’t have any relevant experience. I just made sure my resume and cover letter were on point. Also, if a job posting is asking for 1-3 years experience, you may be surprised that you can still land an interview, even with 0 experience. Highlight the finance/accounting/economics classes you’ve taken on your resume.
@fantazybtz
3 жыл бұрын
@@RicardoR1 thanks man
@kennethkapeng6024
3 жыл бұрын
Good evening Ricardo I am Kenneth from Namibia Africa , by the way I love the sense of humour in you . I wondered if it is possible for you to help me , I have applied for a business loan . So the only thing I'm still waiting is for the bank analyst to call me , so what must I expect and what are the most important questions that I need to answer ? Thank you in advance
@bryanpac7789
4 жыл бұрын
Do you know how to model? Do you think it’s an essential skill for the position? I want to work as an analyst at an investment bank but to be clear not necessarily in investment banking division. I’m more interested in asset management. Thanks
@RicardoR1
4 жыл бұрын
I know some modeling. It’s not my strongest skill, but that’s why I’m going to get an MS in Business Analytics. Is it an essential skill for a position as an analyst? Yes. Know some modeling techniques and you can talk about it in your interview. However, you don’t have to be an expert for entry level positions. You’ll become an expert on the job. Again, this is all my opinion, and it all varies on the type of analyst or type of work you will be doing.
@damianooi8261
2 жыл бұрын
Been thinking of studying finance part time degree. That's why I am here ☺️
@RicardoR1
2 жыл бұрын
I loved attaining my finance degree! You’ll have a great time.
@damianooi8261
2 жыл бұрын
@@RicardoR1 How's the math level in finance? I heard it is hard.. harder than accounting because is calculus?
@RicardoR1
2 жыл бұрын
It depends at the program at your university. They’re are degree plans with calculus 1, and some all the way up to differential equations.
@damianooi8261
2 жыл бұрын
@@RicardoR1 What are the certifications you need to have in order to be financial analyst? CFA?
@RicardoR1
2 жыл бұрын
You can get a bachelors degree and still hold a chance of becoming a financial analyst. Make sure your GPA remains above a 3.2
@archi165m
3 жыл бұрын
Hey Ricardo, can you tell me what growth prospects are there if I opt for an Financial Analyst profile?
@RicardoR1
3 жыл бұрын
It depends on the product. For stock, I believe you eventually become a manager and then move up to Vice President eventually. I’m not too familiar with that, and I’ve heard a lot of people even transition into investment banking or private equity. If you’re a financial analyst for loans, then you can get into a management position, or become a loan officer.. again, some still go into investment banking. Eventually, you go all the way to Vice President.. and depending on how small the company or bank is, even CEO. But its difficult.. the bigger the corporation, the harder it is to get into being on the board. Typically, people gain a bunch of experience and then move companies to be on the board or in an executive management position.
@mediumoscar
4 жыл бұрын
Great video, glad I found your channel. I’m interested in this job. What masters degree are you pursuing? Is it something related to being a financial analyst? Is common for someone in this career field to have one.
@RicardoR1
4 жыл бұрын
I’m pursuing an MS in Business Analytics, and hoping that will leverage my skill set to get into a prestigious MBA. It’s kind of related, but some firms or finance institutions won’t see it as so valuable. It all depends. My bank values classic finance or accounting techniques more than they would if I knew how to automate some things with a computer software program. I love coding and finance, and hopefully I can become a consultant. It’s more common for someone to just have a bachelors degree (mostly in finance, accounting, or economics). To set yourself apart, an MBA or CFA designation (or just passing CFA Level 1) will land you a position as an analyst, assuming all goes well in the interview and your resume is presentable.
@Sci-Fi_Fan296
3 жыл бұрын
@@RicardoR1 Wow this answered my question as well! I have an MBA and am looking into transitioning into a Financial Analyst role. Thanks.
@RicardoR1
3 жыл бұрын
Glad it helped and wish you the best!
@saketh9841
3 жыл бұрын
Great video sir. I have a query. Which one is better for a great entry into the finance world, a CFA or an MBA. Considering my long term aim is to become an entrepreneur and not to stick around here in finance, will this field be beneficial for me personally, in my investments and other endeavours. I'm in my last year of graduation(bachelors I'm business administration) as of now.
@RicardoR1
2 жыл бұрын
I apologize for not replying sooner. Both are effective and both will teach you enough to get into a role but not enough to start your own business. You have to look out for opportunity. Look to recognize what you are good at and bad at, be unique enough, but follow others who are successful and study their fundamentals. Even though these certs/degrees will not give you enough to start a business, it is still helpful in terms of understanding and base knowledge in my opinion. However, because they are unnecessary, people will say otherwise.
@RicardoR1
2 жыл бұрын
This field will prove beneficial in your investment endeavors.
@HungLe-jn8dw
3 жыл бұрын
I'm preparing for CFA lv1 11.20211. I'll graduate "International Business with Finance ( topup)" course in Sheffield Hallam University. I want get an 1 - 2 year job in UK before back to my country. I wonder with my profile, I have any chance in this field in UK??? Thanksl
@RicardoR1
3 жыл бұрын
You have a shot. Your chances increase greatly if you pass cfa lvl 1.. on your resume, be sure to indicate you are sitting for the exam (even if you have not sat for it yet)
@f-22fighterjet84
3 жыл бұрын
Interest rates are a scam
@dartheory4423
3 жыл бұрын
So right now I’m stuck on getting a data analyst position/job because I don’t have any experience, but I need a job to get that experience. What do you think I should do besides applying (since I keep getting rejected too many times to count)?
@RicardoR1
3 жыл бұрын
If you’re having a hard time getting interviews, then it’s the resume (either there are errors, you need to attain more qualifications, or it’s not marketed correctly). If you’re having a hard time getting hired after the interview, it can be that you need help with your interviewing skills. However, I’ve heard of people who have applied 50 times to 50 different places and were rejected 50 times after multiple interviews. I think this all depends on where you are applying. You might have to relocate or look for a remote position. I know that, sometimes, this isn’t what people want to hear.
@RicardoR1
3 жыл бұрын
One more strategy I’ve heard of is getting hired for a role within whatever company (for a role that isn’t necessarily the one you want), and then applying to the position desired internally. Of course this is no guarantee like with everything else in life, but it increases your odds!
@aL3CnR
3 жыл бұрын
that's awesome! do you think that I can become a financial analyst without any experience? (internships & stuff) It's hard in my because of the pandemic to find trainings but i am doing a lot of online stuff.
@RicardoR1
3 жыл бұрын
It all depends on how relative those online trainings are. On your resume, put that you have completed courses and try to land the interview. Internships are probably going to be your best bet without a degree.
@henrygonzalez4176
2 жыл бұрын
Debt Service Coverage Ratio...
@THEDRAWINGSTUDIO1
2 жыл бұрын
Why'd you quit. I want to know more 😂
@RicardoR1
2 жыл бұрын
Lol honestly, a lot of stuff has been happening in my life academically, with my family and in my personal life.. however, I will be making a course teaching everything you’d need to know to be successful in this type of role, to include excel, financial statements, and designing of the reports for committee! I hope you stay tuned
@Katsumotoyeah
3 жыл бұрын
Do credit analyst require lots of interaction? Especially for junior lvl. Are interaction mainly within the team & loan officer?
@RicardoR1
3 жыл бұрын
Mainly with the team. The only time I interacted with the loan officer was to finalize on the report, go over some of the details, or for review before committee
@erikzhagui1851
3 жыл бұрын
Debating whether to attend a university to get my degree or get it at a community college.. obviously it’d be cheaper at a CC, but don’t know if there’s a difference. Any advice? Thanks
@RicardoR1
3 жыл бұрын
Do your research on if the credits transfer. If the credits transfer to the university you want to go to, then community college is the best option by far. MAKE SURE THEY TRANSFER lol
@erikzhagui1851
3 жыл бұрын
Thanks for the fast response, will do! (:
@krishvora7451
3 жыл бұрын
Can you tell me about your bachelor's and masters degree. What is it called.
@RicardoR1
3 жыл бұрын
Hi, my bachelors is in finance with a risk management concentration (math) and MS in business analytics
@arslan_TM
2 жыл бұрын
Sir I'm an ACCA memeber and Finance bachelor with 6 years of typical accounting tasks and have minimum experience of budget and forecasting as well, now I want to completely shift to Financial analyst roles, but when applying no response, so how can I get into it, should I do some Udemy FA course and highlight in my resume and link them with my current roles responsibilities, Kindly advise?
@RicardoR1
2 жыл бұрын
It sounds to me like you need to work on your resume. Make sure it emphasizes your work experience. Find a professional in the industry to give you pointers. Make sure there are no errors. Finally, be sure to work on your interviewing skills!
@Crypto-gx9go
2 жыл бұрын
Hi thanks for your video. I am in Data Analyst major, but i would like to become specifically in Financial Analyst. any certificate in Finance that you suggest to take? Thanks
@RicardoR1
2 жыл бұрын
Look into the CFA exam. Otherwise, you might be able to have a concentration or a minor in finance to compliment your data analyst degree!
@chaneldavies3965
4 жыл бұрын
Hi! I am currently a junior in college majoring in finance in Pennsylvania and I am really passionate about this career path you seem so knowledgeable and just make everything so clear when it comes to questions I had asked myself but I was wondering if there was any way maybe I would be able to email you and ask you questions about how you landed your job how college was for you is it normal for some classes to be seen as difficult sorry this is long but just kinda like maybe have you as a mentor along the way while I’m in school to be able to be your mentee and just ask questions and learn things from you that would be amazing I just wanna make as many connections as I can I figured it would be worth a shot to ask
@RicardoR1
4 жыл бұрын
Chanel Davies if you give me your email, I’ll send you an email! I wouldn’t mind
@surajkumarthakur6468
3 жыл бұрын
Hi, I am currently working as Accountant basically in AP/AR, i want to be a financial analyst because of covid i had to move in the accounts field . Can you tell me how can i enhance my carrier or move my carrier from account to Finance? I am worried about that may be i will stuck in the accounts field forever.
@RicardoR1
3 жыл бұрын
1. Apply to finance jobs. Update your resume for the specific career you want in finance. Your accounting experience will be useful 2. Make sure your interview skills are excellent. To do this, look up the career you want and make sure you meet the qualifications. If you meet 80% of the requirements, then still apply and follow step 1 and 2.
@Brianlovesrice
3 жыл бұрын
What do you recommend a staff accountant with a generalist MBA degree who wants to become a financial analyst? Particularly a financial analyst that works with other departments on their budgets and does forecasting for the whole organization?
@RicardoR1
3 жыл бұрын
When job searching, looking for “corporate financial analyst” will get you what I think you’re looking for. It sounds like you may already be qualified for the position. If you’re not getting interviews, work on your resume. If you’re not getting hired at the interview, work on your interview skills. Let me know if you mean something else!
@RicardoR1
3 жыл бұрын
A treasurer for some companies may also be of interest for you
@duncanoboyle4614
2 жыл бұрын
Hey Ricardo, had a question if you have any insight into non-finance majors getting into analyst roles. I was a marketing major in college but interned in financial services taking a role in wealth management after college. I wanted to know if it was possible to break into these roles?
@RicardoR1
2 жыл бұрын
I know what wealth management is in general, but what do you specifically do in wealth management? Do you read any personal financial statements or are you budgeting?
@duncanoboyle4614
2 жыл бұрын
The most analysis I do is portfolio and maybe a deeper dive into social security and Medicare, but I am young still have work samples from when I was business analytics major as well. I just wanted to know if there was a chance to get into credit analysis or financial
@RicardoR1
2 жыл бұрын
Definitely is. The reason why I’m asking is so that you can showcase those skills that transfer over to credit analysis, in your resume. Talk about the ratios you know, understand the ratios mentioned in the video, and do a little research on financial statements. You might have access to people’s personal financial statements. If you can understand the financial statements (basic ones are easy to understand ), then you have a great chance in an interview. In portfolio analysis, do you do any glancing over the financial statements for the particular investments that make up the portfolio? You can write that in your resume. Anything that you think remotely translates to an analyst position, make sure to highlight.
@dorshinyragaven6091
2 жыл бұрын
Hello,I am currently pursuing my bsc in economics and finance.Can you tell me what will be some job prospects if I am entering the job market after my undergraduate study.Can I become a financial analyst or an economist right away ?
@RicardoR1
2 жыл бұрын
You’re more likely to become a financial analyst. A lot of economists have masters degrees, but it’s not impossible to become either or. If you’re still in college, try your best to get an internship.
@dorshinyragaven6091
2 жыл бұрын
@@RicardoR1 Thank you sir
@seupadonald5067
4 жыл бұрын
Is it important for a financial analyst to learn some programming language or take a data science course as well?
@RicardoR1
4 жыл бұрын
Traditionally, no. A bachelors degree alone can land you some jobs. However (just my opinion), it’s going to set you apart if you know how to use coding. I think it’s super valuable and you’ll be way better off in the future because job growth for business analysts and financial analysts are growing.. meaning competition will keep rising. Firstly, make sure you know excel well. Secondly, (good news), learning the first coding language is the hardest; it’s easier when you try learning the second one.
@ericcampos3270
3 жыл бұрын
Who here after tik tok
@kevin-eu2tc
3 жыл бұрын
great video!
@RicardoR1
3 жыл бұрын
Thanks for your support!
@Kdramawithharshita
3 жыл бұрын
hey your video was very informative I have an doubt as I am right now in my 2nd year of bachelor's and pursuing finance so how can I start my journey as an data analyst after this and what should I first do after my graduation to become an analyst ? please help me I am literally very confused.
@RicardoR1
3 жыл бұрын
If you want to be a data analyst, learn excel, another language (Python, R, or SQL) and tableau or PowerBI. From being a credit analyst, I was able to work on those skills. Now, I can apply to data analyst jobs and get interviews. However, to be a financial analyst or credit analyst, excel is the only thing you’d need to know along with financial ratios, financial statements, and other accounting/finance principles. Being a data analyst, you can work with big data sets to extract insights to make business decisions.. As a financial analyst, you deal with business data in order to evaluate a stock/bond/loan/business and determine the value the company could potentially earn by a merger, determining credit worthiness, or valuation of a product/business.
@Kdramawithharshita
3 жыл бұрын
@@RicardoR1 thanku so much it really means alot !!
@July-ct7pp
2 жыл бұрын
I’m a biology undergraduate would an MBA qualify me for a financial analyst role ?
@RicardoR1
2 жыл бұрын
Yes it very much can! Make sure you know your financial ratios and financial statements for your interviews
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