A little reminiscent of the phrase 'best of both worlds,' the Business Finance Analyst examines the company's current financial standing and business model and recommends possible improvements, fixes, and methods. Once that process is complete, they implement those improvements as needed or wanted by the employer. A business finance analyst might also help individuals pick and choose how and where they make investments or work with various clients through a financial institution position.
With developing technology and the ever-growing necessity for an online presence, this analyst will, amongst other skills, need to have some knowledge of online and social media management, software like Excel and Google Analytics, and e-commerce and performance marketing.
A possible candidate for many business finance analyst positions will need at least a bachelor's degree in finance, statistics, business, or a related field of study. They will also need to know laws related to the finance industry, have good accounting skills, and experience in corporate finance, investment banking, or financial analysis.
There is more than meets the eye when it comes to being a business & finance analyst. For example, did you know that they make an average of $34.09 an hour? That's $70,903 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many business & finance analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.
When it comes to the most important skills required to be a business & finance analyst, we found that a lot of resumes listed 21.2% of business & finance analysts included financial statements, while 15.4% of resumes included business process, and 3.5% of resumes included data analysis. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business & finance analyst job title. But what industry to start with? Most business & finance analysts actually find jobs in the finance and technology industries.
If you're interested in becoming a business & finance analyst, one of the first things to consider is how much education you need. We've determined that 67.9% of business & finance analysts have a bachelor's degree. In terms of higher education levels, we found that 20.5% of business & finance analysts have master's degrees. Even though most business & finance analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business & finance analyst. When we researched the most common majors for a business & finance analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business & finance analyst resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a business & finance analyst. In fact, many business & finance analyst jobs require experience in a role such as business analyst. Meanwhile, many business & finance analysts also have previous career experience in roles such as finance analyst or senior finance analyst.