What does a bank analyst do?

An investment associate's primary role is to review a company's financial data, recommend investment strategies, oversee the distribution of stocks, and calculate possible risks for business mergers. They also serve as a mediator during agreements between companies during takeovers, monitors stock inventory, sell stocks, and details all financial transactions. In the course of these responsibilities, an investment associate provides administrative support and timely response to client requests as needed, acting as an additional point of communication for clients.

These skill sets are where the common ground ends though. The responsibilities of a bank analyst are more likely to require skills like "financial services," "corporate banking," "risk management," and "capital markets." On the other hand, a job as an investment associate requires skills like "customer service," "client service," "wealth management," and "market research." As you can see, what employees do in each career varies considerably.

An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.

Each career also uses different skills, according to real bank analyst resumes. While bank analyst responsibilities can utilize skills like "powerpoint," "financial services," "cash management," and "risk management," analyst interns use skills like "financial statements," "python," "data entry," and "r."

A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits. You may be asked to perform some administrative tasks while observing the various aspects of portfolio management, accounting, and financial reporting. As a financial analyst intern, you are expected to conduct competitive analysis and market research and help prepare reports and recommendations on due diligence. You are also expected to join in on meetings and calls with company prospects.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a bank analyst is likely to be skilled in "powerpoint," "financial services," "cash management," and "corporate banking," while a typical financial analyst internship is skilled in "market research," "r," "pivot tables," and "journal entries."

Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.

Even though a few skill sets overlap between bank analysts and corporate finance analysts, there are some differences that are important to note. For one, a bank analyst might have more use for skills like "powerpoint," "financial services," "risk management," and "capital markets." Meanwhile, some responsibilities of corporate finance analysts require skills like "financial analysis," "hyperion," "reconciliations," and "process improvement. "