Can you give me some tips and/or resources that will help me start to develop good analytical skills now, in high school?
I want to prepare for a career in finance but I'm not sure how to start doing that now, while still in high school, to get ahead of the game. What did you do to become proficient in analytics? Are there books you recommend I read? Website I could use? Thanks you in advance! #finance #financial-services #investment-management #investing #analytics
10 answers
Jim Slevin
Jim’s Answer
Hi Brodrick,
An important aspect to analytics is how you present the results in a clear and compelling way. I would encourage you to read Edward Tuffte's work on Data Visualization and Infographics. They are beautiful books that will give you principles to use throughout you career.
All the best,
Jim
Sofia’s Answer
Hey Brodrick,
Good for you for taking an interest in developing good analytical skills. This is a great skill to have especially when there is a decent size of the population that are math-phobic.
I believe you should get into data visualization first as analytic analysis is a natural progression. I would advise you to look into Tableau; lead data visualization software. There are tons of resources discussing Tableau and you can easily learn how to build infographics that will allow you to analyze the dataset that you have.
Tableau is how I started my professional career and in a very short time I was able to become a Business Analyst for Airbnb.
Sofia recommends the following next steps:
Sumant’s Answer
There are many analytics and business management courses offered by Coursera and edX. courses are good and some of courses also have high end analytics contents including machine learning, AI etc. Also they have separate courses for R & Python. definitely recommend these courses.
Abhinav Sharma
Abhinav’s Answer
I would recommend you to use microsoft excel if you would need to implement any of finance or statistical technique or visualization. Excel is available in every system & easy to learn.
You can find many blogs / tutorial available online on excel. I would recommend "https://chandoo.org/wp/2013/01/16/top-10-formulas-for-aspiring-analysts/". It has 10 most frequently used excel functions which can give you a good start.
Robert’s Answer
If you have any experience using Python, I'd recommend the Statistics Fundamentals With Python skills track on DataCamp. If not, the Data Skills for Business track will introduce you to a number of important concepts. DC's content is about $30 a month, but it's structured very well with lots of practical exercises.
Hemachandra’s Answer
https://www.sas.com/en_us/learn/academic-programs/students.html
There are plenty of sample programs and datasets with in the downloaded software than can help you with analytical methods and how to arrive at useful conclusions. I hope you would find your passion in using the data to solve real life problems using an analytical software.
Philip’s Answer
Go to reddit. Search for subreddits for excel and sql. There's plenty of links to get you started on practicing. This will help you build the technical skill.
Whether you do analytics in finance, sales, HR, accounting... the stories you tell from the data may be different, but the technical skills are going to be very similar.
Finally, don't pidgeon hold yourself to thinking you only want to do one thing. I know plenty of people that wanted to be an account, lawyer, doctor, etc... and many of them now do something totally different; successful people too. You're young. Explore lots of different things!
I wanted to be a software developer. 2 semesters into college I quickly found out I hated it. Keep learning many different things. That way you won't feel "stuck" into a specific occupation.
Dana’s Answer
I would recommend that you find a topic that is of interest to you, see what data you can download easily about that topic and start digging into that data. First, learn simple pivot tables in Excel, then move to more advanced tools such as R or Python.
You could also try to take a class on Coursera that would have you work on a specific project. I recommend project work because you will catch things much faster.
Dana recommends the following next steps:
Simeon’s Answer
Pieter’s Answer
Definitely recommend Benoit Mandelbrot's "The (Mis)behavior of Markets" and Nassim Nicholas Taleb's "The Black Swan" for books that are both interesting reads and provide an analytic perspective. These would be completely interesting reads at a high school level, not math heavy in themselves, but give an insight into financial modeling, trading, and I think would spark a real interest in exploring maths afterward.