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4 pages/≈1100 words
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APA
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Accounting, Finance, SPSS
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Essay
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English (U.S.)
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Topic:

Technical and fundamental need for Financial Analyst (Essay Sample)

Instructions:

Technological innovation has seen several people lose their job as a result of the automation of services. In an attempt to reduce the operation cost, most organizations have adopted technology leading to a reduction in the number of employees. The 2008- 2009 financial crisis that lead to the collapse of major companies such as Lehman Brothers profoundly affected youths due to massive loss of jobs and reduction in the opportunities (Peter, 2017, 58). Moreover, policy decisions have greatly influenced job opportunities, especially in abroad. As indicated in the Video, Covid- 19 has changed the people's work and made several people lose their jobs. Currently, several people no longer go to their offices, and instead, they work from home

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Content:

Introduction
Job: Financial analyst
Industry: Finance
Skills requirement: Technical and fundamental analysis, critical thinking, and problem-solving
Qualifications: Degree in financial engineering
Timeline: Within three years
Scope: Both international and local
I could wish to become a financial analyst on one of the largest organizations such as Alibaba or Amazon. Prof. John Mark is one of the renowned professors of economics in our region. He offers financial consultancy service to various organizations, and he is also lecturing in more than ten universities. He is admired by many for his professionalism. John Mark has been inspirational to be, and he is the one who made me love finance. My wide range of both fundamental and technical analysis skills makes me deliver financial services in the finance sector efficiently.
How Work has Changed
Technological innovation
Policy decision
Global financial crisis (GFC)
Disease outbreak
Technological innovation has seen several people lose their job as a result of the automation of services. In an attempt to reduce the operation cost, most organizations have adopted technology leading to a reduction in the number of employees. The 2008- 2009 financial crisis that lead to the collapse of major companies such as Lehman Brothers profoundly affected youths due to massive loss of jobs and reduction in the opportunities (Peter, 2017, 58). Moreover, policy decisions have greatly influenced job opportunities, especially in abroad. As indicated in the Video, Covid- 19 has changed the people's work and made several people lose their jobs. Currently, several people no longer go to their offices, and instead, they work from home.
Impact on Financial Industry
Stiff competition for jobs
More innovations
Joblessness
Most of the financial operations, such as accounting, are now completed using software’s. Therefore, having accounting skills alone will no longer be enough. Therefore one must have additional capabilities such as information technology knowledge. This has led to stiff competition in the job market (Ruud and Ricardo, 2016, 41). The reduction in the number of jobs in the financial sector makes people look for alternatives to earning, which can be possible through innovation. Besides, there will be more jobless people.
More Companies Will Not Solve the Problem
Every company adopts technology
Less people hire to cut operation cost
Low income
Most of the new companies will adopt technology and is likely to employ less people. They reduce the number of workers so that the operation cost is minimized. Those who will get a chance to work are also likely to get less income. This is because there will be a reduced number of working hours and in some instances, some people will have to work from home rather than going to the office.
Impact of automation and Economic Crisis
Reduced number of working hours
Change in place of work
More profits for the companies                     
Gap between poor and rich increases
The automation will reduce the number of working hours as an individual will have to serve a few customers per day (Kumar, 2016, 12). The organization will have a huge income due to less operational costs. Employees might not necessarily have to appear physically in their offices. The gap between the rich and the poor has been going up and is likely to continue. This is because of the reduction in the sources of income and the increased cost of living. The organizations recovering from financial crisis have reduced the number of workers so as to maximize its profits.
What Next
People will now have to find alternatives for earning a living. Even though technology has resulted in a reduction in the number of jobs, it has created more opportunities indirectly. For instance, freelancing has created job opportunities for millions of people globally. After the outbreak of COVID-19, the benefits of technology have become evident. The organizations that depend on physical contact with their clients have billions of dollars in losses. Technology and innovation have created more opportunities, and success depends on how one has positioned himself or herself to tap such opportunities.
Career Implication
Learning to learn, relearn, and unlearn
Necessity for more experience
Talent mobility
Leadership skills
The implication of this on my future career opportunities is the need to be flexible and acquire new skills. My financial skills are not enough or even applicable in some in

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