Financial analysts play a critical role in an organization’s daily operations. At a high level, they research and utilize financial data to understand the business and market to see how an organization stacks up. Based on general economic conditions and internal data, they recommend actions for the company to take, like selling stock or making other investments. The financial analyst position is imperative for the financial planning and analysis department of a business. Analysts may also often report to management and stakeholders regarding their findings and may contribute to shaping the strategic planning of the company.
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