The demand for well-trained Financial Analysts has always been high in India as well as in all leading global markets. With the growing trends of investments in the digital or cryptocurrency, Financial Analysts’ role has become even more crucial.According to Vantage Market Research, the global Cryptocurrency Market is estimated to reach USD 2,302.5 Million by 2028. It is expected to rise at the CAGR (Compounded Annual Growth Rate) of 6.9% percent during 2022 to 2028. This will give a rise to many investment firms as well as institutional and HNI investors. A study reveals that there are more than 20 million crypto investors in India alone.
WHY INVESTORS NEED THEM
Investments in digital currency have high returns while there are chances of high risk as well. On top of that, Crypto economy is always prone to cyber crimes, apart from the risk of the market volatility itself. This means firms and investors operating in this field need financial analysts to make wise investment decisions. While an able financial planning analyst helps in diversifying the portfolio of the investors to minimize the possible risk, they help in optimizing the wealth in the investments in various crypto options such as Bitcoin, Tether and Ethereum, among others.
HONING THE EXPERTISE
An able Financial Planning Analyst should always keep an eye on the overall economy and market dynamics. They need to take care of the investment viability along with measuring the risk and returns. This requires a methodical approach powered by high analytical skills. There are many institutions offering specialized courses in Cryptocurrency. However, a quality financial analyst requires a broad spectrum of knowledge and vision. Opting for courses like CA(Chartered Accountants), Chartered Financial Accountancy(CFA), and Cost and Management Accounting(CMA) gives all strength to aspirants in the field.
Aspiring students may contact institutions like ICWA, ACCA and CFA Institute to become credible and globally recognised professionals in the field. Some may go for an MBA in Finance as well. Besides, there are various edtech platforms offering various short and long-term courses on Digital Currency.
WINDOWS OF OPPORTUNITIES
Financial planning analysts in the Cryptocurrency domain have a plethora of job opportunities in India and abroad. Be it an investment house, banks or a brokerage firm, almost all of them have a direct or indirect interest in Cryptocurrency. Moreover, there are many fintech startups which are part of the Cryptocurrency Economy. Financial Planning Analysts have plenty of direct job opportunities in these firms or institutions. Not to mention, Chartered Financial Planning Analysts belong to the top bracket of the pyramid as far as the job market is concerned. While most of the people in the Indian market may start somewhere between 6 to 10 Lakh of yearly salary, it may rise upto 15 to 20 Lakh per with 5 to 7 years of experience.
Some may opt for entrepreneurship opportunities in the field and may establish their own advisory or a consulting firm – scaling even greater heights in the wealth creation.