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Interesting Fact:First EVER Financial School
The First EVER financial business school was Wharton School of University of Pennsylvania. This is where all financial practice started and also became center of entrepreneurship in 1973 for financial investment. https://www.first-finance-institute.com/en/ecole/wharton-university-of-pennsylvania/ -
Financial Literacy
In the 20th Century, financial literacy was taught to teach Financial Analysts personal finance once it started. Nowadays, it's something that's required to teach around especially when finance is become an important focus. https://www.opploans.com/oppu/articles/history-of-financial-literacy/ -
Economy of Finance
During the 20th century, economies were changing. The United States started expanding economic interests around the globe which brought business expansion and financial analysts were needed by that time. https://www.encyclopedia.com/social-sciences/culture-magazines/1900s-business-and-economy-overview -
When Did Financing Truly Begin?
Financial Analysts began working once the 16th amendement was ratified in February 03,1913. This allowed Congress to impose income tax on individuals and corporations causing a rise in employment. https://history.house.gov/Historical-Highlights/1901-1950/The-ratification-of-the-16th-Amendment/ -
Evolution of Analyzing
As accounting practices have envolved for years, so has the practices of analysing data. Different calculations were used to create certain reports and analytics with calculators or general-purpose computers. https://www.workiva.com/blog/evolution-and-history-modern-financial-planning-and-analysis-fpa -
The Smart Inventor!
Around 1946, Professor J. Presper Eckert invented the first ever electronic digital computer called ENIAC (Electronic Numerical Integrator and Computer). It was used for mathematical tasks once analytical businesses began rising and needed fast calculations. https://www.seas.upenn.edu/about/history-heritage/eniac/ -
"The Oracle of Omaha"
Around the 1950s, Warren Buffett went to study in Columbia Business School. In 1969, he bought a company called "Berkshire Hathaway" transforming into a company that held so many huge investments in America that build his fortune to earn his rich nickname "The Oracle Of Omaha." His net worth is currently $82 Billion. https://www.businessinsider.com/forbes-billionaire-list-2019-for-finance-2019-3#1-warren-buffett-1 -
Wages that Ages
Back in the 1970s, wages for financial analyst were about $7,100-$10,500. Those were considered high during that time. Nowadays, it keeps increasing over $50,300 with a great salary pay. https://en.m.wikipedia.org/wiki/Average_Indexed_Monthly_Earnings -
Fab Financial Gadgets
Before the 1950s, electronic generated-digital computers were used for financial matters. Starting in the 1980s till now, FINTECH is a financial technology that seeks to improve use of financial services by using softwares like: computers, smartphones, tablets, or anything that can help with financial algorithms. https://www.investopedia.com/terms/f/fintech.asp -
Interesting Fact: Global Communication
In 1980, PC revolution was on the verge of transforming global communications,epecially for financial reasons. Today, mobile or internet revolution is rapidly transforming financial communication all around the world. https://daraalbrightmedia.com/wp-content/uploads/2016/11/Most-Transformational-Era-in-Financial-Services-Since-the-1980s-FINAL.jpg -
Internet Vs. Finance
Internet has change the way of life in many ways. Before in the 1900s, there wasn't enough technology to communicate and maintain financial information. Nowadays, there are many websites and social networks that can help communicate and save important financial information around the world. https://www.investopedia.com/financial-edge/0212/how-the-internet-has-changed-investing.aspx -
Employment Then Vs. Now
Employment in 1985 ,when Finance began to get more successful, there used to be at least 10,000 CFP Professionals in the United States. By 2012, it increased up to 145,000 CFP Professionals globally. Nowadays, it's a career that companies are looking for the economies. https://www.slideshare.net/Kurtosys/financial-planning-then-and-now -
Interesting Fact: Job Outlook
The years before 2012, jobs outlook for Financial Analyst was about 200,000-250,000. Today, it is expected to rise up to at least 310,000 or more. Future employments are trending. https://careertrend.com/financial-analysts.html -
Famed Company of Financial Analysts in America
The most well known popular company for financial analyst is the Berkshire Hathaway of the richest man Warren Buffett. It hires up to 316,000 or more financial employees. https://www.businessinsider.com/most-powerful-finance-companies-2015-9 -
Money Dealing in the 20th Century
In the 20th century, banking for financial analysts was different because they had to take business very serious dealing with small budgets of pennies and nickels. There wasn't enough money back then to maintain everyone's personal finance like in today's time. https://www.timegoesby.net/weblog/2008/08/banking-then-an.html
