Research analysts scour public market information and glean valuable insights for the use of companies in buying, investing and selling products or services. Their specialty is condensing large amounts of information into workable financial advice for their clients. As a research analyst, you may specialize in finance, equity or investment markets, among other sectors. Your services may be provided on a freelance basis, you may work for an agency or you may be employed in-house within an organization. Those with experience in marketing, investment or company finance may pursue careers in research analysis.
Research analysts must, at a minimum, hold extensive background knowledge in the market they represent. Most often, a bachelor's or Master's degree in research analytics or a related field is required for employment. You must have strong organizational and communicative skills in order to process relevant information and convey it to clients or employers. Market research skills are also a requirement for this career.
- Perform qualitative and quantitative research and consultation on relative markets
- Keep up-to-date knowledge of the industry and related markets being researched
- Understand the needs of the hiring organization or client in order to target research to their benefit
- Contact companies and agencies who can provide useful financial data
- Create clear and useful reports and recommendations for organizational use
- Communicate with business leaders, financial officers and market representatives
- Interpret markets to conclude financial recommendations for clients
- Advise businesses to buy or sell products based on market insights
- Firm grasp on the financial decision-making process within the company or organization of employment
- Experience collecting, interpreting and organizing data
- Additional certifications such as Chartered Financial Analyst (CFA) are preferred
- Ability to prepare extensive reports and present findings to companies with clear and concise action advice
- Working knowledge of the target industry and market
- Advanced speaking and report-writing skills for effective communication
- Attention to details and a commitment to accuracy
- Ability to keep sensitive business financial information confidential
- Ability to keep sensitive business financial information confidential