What Is The Difference Between Business Analysts and Financial Analysts?

 
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How Do I Start A Business Analyst Career?

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Question

Does anyone think me getting a CPA/Masters in Finance to become a Business Analyst a good idea?

Analyst and research seem to be jobs suitable for an introvert.

I prefer to not have consistent interaction with people but can communicate well regularly.

I think this combination of Business/Accounting/Finance and I.T. touch on all the careers I have soon that are good for introverts.

Does anyone agree?

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    One Response to "What Is The Difference Between Business Analysts and Financial Analysts?"

    1. Business Analysts Training   January 4, 2012 at 2:40 AM

      Will a CPA / Masters in Finance help you become a business analyst? Probably Not!

      Why?
      Having a CPA or a Masters in Finance will help you become a Financial Analyst but it will probably not help you become a business analyst except if you want to limit yourself to the financial domain.

      You are mixing up the classical definition of business analysis which several years ago meant lots of financial analysis with the current / more modern definition of a business analysis.

      Financial Analysts are not Business Analysts in the current / modern context because financial analysts limit themselves to financial / accounting topics while business analysts cater to a wider set of business processes / domains.

      While Financial Analysts perform tasks like Forecasting & Financial Analysis, Variance Analysis, Budgeting Reports, Group Consolidation Reports, Identification of KPIs and Reporting of ratios, compliance requirements, Business Analysts perform tasks like requirement analysis, business process analysis and user acceptance testing.

      Jobs for financial business analysts or financial systems analysts will probably incorporate more business analysis skills than pure financial analysts positions.

      Click here to Download and review the curriculum development plan for business analysts and then compare that to the knowledge requirement for CPAs

      … Good Question!

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