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Financial analysts typically must have a bachelor’s degree, but a master’s degree is often required for advanced positions.Education
Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics. For advanced positions, employers often require a master’s degree in business administration (MBA) or a master’s degree in finance. Knowledge of options pricing, bond valuation, and risk management are important.Licenses, Certifications, and Registrations
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.
Certification is often recommended by employers and can improve the chances for advancement. An example is the Chartered Financial Analyst (CFA) certification from the CFA Institute. Financial analysts can become CFA certified if they have a bachelor’s degree, 4 years of qualified work experience, and pass three exams. Financial analysts can also become certified in their field of specialty.Advancement
Financial analysts typically start by specializing in a specific investment field. As they gain experience, they can become portfolio managers, who select the mix of investments for a company’s portfolio. They can also become fund managers, who manage large investment portfolios for individual investors. A master’s degree in finance or business administration can improve an analyst’s chances of advancing to one of these positions.Important Qualities
Analytical skills. Financial analysts must process a range of information in finding profitable investments.
Communication skills. Financial analysts must explain their recommendations to clients in clear language that clients can easily understand.
Computer skills. Financial analysts must be adept at using software packages to analyze financial data, see trends, create portfolios, and make forecasts.
Decisionmaking skills. Financial analysts must provide a recommendation to buy, hold, or sell a security.
Detail oriented. Financial analysts must pay attention to details when reviewing possible investments, as small issues may have large implications for the health of an investment.
Math skills. Financial analysts use mathematical skills when estimating the value of financial securities.
To be successful, financial analysts must be motivated to seek out obscure information that may be important to the investment. Many work independently and must have self-confidence in their judgment.
Average Length of Employment
Top Careers Before Bank Analyst
Top Careers After Bank Analyst
Hispanic or Latino9.8%
Black or African American0.9%
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University of Connecticut9.9%
University of Phoenix9.9%
University of Central Florida5.6%
Florida State University5.6%
University of Rochester4.2%
University of Michigan - Ann Arbor4.2%
Loyola University of Chicago4.2%
Wake Forest University4.2%
New York University4.2%
University of California - Los Angeles4.2%
University of Pennsylvania4.2%
Texas Christian University4.2%
Johns Hopkins University4.2%
Arizona State University4.2%
University of Notre Dame4.2%
University of Delaware4.2%
University of Chicago4.2%
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|Job Title||Company||Location||Start Date||Salary|
|Foreign Banking/Due Diligence Analyst III||Bank of The West||San Ramon, CA||Apr 20, 2015||$130,000|
|Analyst, Banking, Natural Resources||Barclays Capital Inc.||New York, NY||Jun 15, 2016||$125,000|
|Associate/Merchant Banking Analyst||Ama Capital Partners, LLC||New York, NY||Aug 08, 2014||$115,000|
|Corporate Banking Analyst||U.S. Bank National Association||New York, NY||Mar 27, 2013||$110,000|
|Senior Corporate Banking Analyst||Merrill Lynch||New York, NY||Jul 01, 2015||$95,014|
|Analyst, Banking, Financial Institutions Group||Barclays Capital Inc.||New York, NY||Mar 09, 2016||$95,000|
|Corporate Banking Analyst||Citibank, N.A.||New York, NY||Jan 09, 2016||$95,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||New York, NY||Jan 09, 2016||$95,000|
|Analyst, Power & Utilities, Corporate Banking||CIBC World Markets Corp.||New York, NY||Sep 03, 2016||$92,435 -
|Global Wealth Management, Banking Analyst||Jpmorgan Chase & Co.||Philadelphia, PA||Sep 17, 2016||$90,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||New York, NY||Nov 08, 2015||$90,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||New York, NY||Jan 09, 2016||$90,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||Houston, TX||Jan 09, 2016||$90,000|
|Banking Analyst||Jpmorgan Chase & Co.||New York, NY||Aug 12, 2015||$85,000|
|Analyst, Banking||Barclays Capital Inc.||New York, NY||Oct 21, 2016||$85,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||New York, NY||Nov 08, 2015||$85,000|
|Banker Analyst||Jpmorgan Chase & Co.||Miami, FL||Nov 23, 2015||$85,000|
|Analyst, Banking||Barclays Capital Inc.||New York, NY||Mar 09, 2016||$85,000|
|Banker Analyst||Jpmorgan Chase & Co.||Miami, FL||Sep 05, 2016||$85,000|
|Private Banking Analyst||Jpmorgan Chase & Co.||New York, NY||Aug 23, 2016||$85,000|
|Banker Analyst||Jpmorgan Chase & Co.||New York, NY||Aug 08, 2015||$85,000|
|Corporate Banking Analyst||Citicorp North America, Inc.||New York, NY||Aug 01, 2014||$80,000|
|Corporate Banking Analyst||Citigroup Global Markets Inc.||New York, NY||Dec 09, 2013||$80,000|
|Analyst, Corporate Banking||RBC Capital Markets, LLC||New York, NY||Oct 01, 2014||$80,000|
|Analyst, Power & Utilities, Corporate Banking||CIBC World Markets Corp.||New York, NY||Sep 01, 2015||$80,000 -
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Day in the Life of a Corporate Banker | J.P. Morgan