Back

Explore Courses Blog Tutorials Interview Questions
0 votes
2 views
in Data Science by (55.6k points)

Could someone tell me how to become a Financial Data Scientist?

1 Answer

0 votes
by (45.3k points)

First, let me give a brief explanation about Financial Data Scientist and what is his/her work. A Financial Data Scientist is a professional who is geared towards extracting value and meaningful information from the heaps of financial data to steer his organization toward a higher profit margin. In short, a Financial Data Scientist is a Data Scientist in Finance sector. If you are aspiring to become a Financial Data Scientist, you need to pursue skills that will help you in becoming a qualified professional. The skills, that you need to acquire to help you become a successful Financial Data Scientist is;

  1. Proficiency in Data Analysis techniques and methodologies.
  2. You need to master tools for Data Science, for efficiently extracting insights, like R Programming, Python, and SQL, or NoSQL for database, Big Data frameworks, Hadoop, Spark, etc. And some new-age domains like Machine Learning is being greatly accepted by Data Science communities.
  3. To become a successful Data Scientist, you need to be master at Math and Statistics, you need good statistical skills, in filtering out information from the large datasets.
  4. And the final and the most important skill that you should have in your kitty is the domain knowledge itself, that is you should be well-aware of the financial domain and understand its intricacies, and nuances, along with technical know-how like Portfolio Management, Risk management, etc.

Once you have all these you are ready to break into this hugely rewarding career. If you lack the expertise that you require to crack the Data Science jobs, enroll in Data Science courses from Intellipaat. Also, have a look at our YouTube video on Career in Data Science.

Browse Categories

...