How To Become A Financial Analyst: Degree and Education Requirements

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what degree do you need to become a Financial Analyst
majors for Financial Analysts

Financial Analysts

Other names for this job might include Alternative Financing Specialist, Bank Analyst, Banking Analyst, Bond Analyst, Budget Analyst, Chartered Financial Analyst (CFA), Commodity Analyst, Corporate Financial Analyst, Corporate Securities Research Analyst, Corporate Statistical Financial Analyst


  • $95320
    Salary
  • 68%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

B+



Be A Financial Analyst: What You Really Need


In this requirements guide for Financial Analysts, you will find out what do you need to become a Financial Analyst and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Financial Analyst.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
84.15%

Master’s degree
15.85%

No degree
%

High School Diploma
%

Certificate
%

Generally, employers are looking for Financial Analysts who have a Bachelors degree. They also prefer someone who is good in Reading Comprehension and Writing.

1 common question that we always get is what major or degree do I need to become A Financial Analyst or what courses do I need to take.

We did a survey to ask other Financial Analysts what did they major in college or university and here are the most popular majors that came up.

Financial Mathematics
Accounting and Finance
Accounting and Business/Management
Finance, General
International Finance

Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, mathematics, and engineering. For advanced positions, employers often require a master’s in business administration (MBA) or a master’s degree in finance.



Schools

schools for Financial Analysts

Interested in becoming A Financial Analyst? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Financial Analyst




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Financial Analyst.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Financial Analyst, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
2 1/2 to 5 years


Work experience
2 to 4 years

2 to 4 years
38.24%

Over 10 years
16.28%

6 to 8 years
15.34%

4 to 6 years
13.58%

No experience
11.93%

Job training
6 months to 1 year

6 months to 1 year
39.41%

No training
16.28%

1 to 2 years
13.43%

3 to 6 months
12.04%

2 to 4 years
10.69%

Most Financial Analysts have 2 to 4 years work experience and 6 months to 1 year job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Recommended but not required


The Financial Industry Regulatory Authority (FINRA) is the main licensing organization for the securities industry. It requires licenses for many financial analyst positions. Most of the licenses require sponsorship by an employer, so companies do not expect individuals to have these licenses before starting a job.



Skills required

We asked other Financial Analysts if they could only have 5 skills, what would they be. Here is what they said.

1. Reading Comprehension what does this mean
2.Writing what does this mean
3.Critical Thinking what does this mean
4.Speaking what does this mean
5.Active Listening what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Financial Analysts have these 5 common characteristics. Most of them had Attention to Detail and Stress Tolerance.

1.Attention to Detail
2.Stress Tolerance
3.Dependability
4.Persistence
5.Integrity




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Financial Analysts you need to acquire knowledge in these 5 key areas.

1. Economics and Accounting what does this mean
2.English Language what does this mean
3.Mathematics what does this mean
4.Computers and Electronics what does this mean
5.Law and Government what does this mean

As A Financial Analyst, you may also be required to know how to use certain Financial analysis software, Financial analysis software and Analytical or scientific software tools.

Advanced Portfolio Technologies Report Builder (Financial analysis software)
Advanced Portfolio Technologies Simulator (Financial analysis software)
Analyse-it Software (Analytical or scientific software)
AnalyzerXL software (Financial analysis software)
Annuities analysis software (Financial analysis software)
= Hot in-demand that most employers are looking for




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Related to Financial Analysts Requirements

Financial Analysts requirements, how to become Financial Analysts, degree required to be a Financial Analyst, Financial Analysts license and certifications, majors to be a Financial Analyst, is it hard to become a Financial Analyst and how long does it take

Additional resources

http://www.bls.gov/OOH/business-and-financial/financial-analysts.htm
http://www.finra.org/
http://gafm.com/
https://www.cfainstitute.org/

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Financial Analysts
Written by: Stanley Tan
Financial Analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.
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