How To Become A Finance Management Analyst: What It Is and Career Path

What is a finance management analyst and how to become one

Updated January 8, 2025

4 min read

Quoted expert

David M. Lang

The role of a Finance Management Analyst is to aid businesses and organizations in long-term financial planning.

The Analyst is meant to plan, organize, and see-through strategies and projects to do with the company's financial management and research. They create financial and business policies, suggest changes that could increase profit and efficiency, organize and lead teams, work on assignments, conduct research, and generally are tasked with analyzing finances, possible risks and losses, and what the company ought to do to secure a better yet financial position.

A potential candidate for the position of a Finance Management Analyst generally must have a bachelor's degree in finance, accounting, statistics, or business administration, or a similar, related subject, although some employers may seek out candidates with a master's in these or other fields. A certification and several years of experience in similar positions may also be necessary and is generally a good idea.

What general advice would you give to a finance management analyst?

David M. Lang

Professor, California State University - Sacramento

I feel I hit this pretty well in the first two questions. Beyond that, I would say, be patient. Things may be rough for a while. Understand that your first job is almost certainly not your last job. Do not be afraid to take something in your field that is less than perfect for getting some experience and then to look for something better down the road. Also, do not be afraid to reject a bad offer. And last but not least, take no job without negotiating!

ScoreFinance Management AnalystUS Average

Salary

5.6

Avg. Salary $71,934

Avg. Salary $59,228

Stability level

6.8

Growth rate 11%

Growth rate 0.3%

Diversity

5.9

Race

American Indian and Alaska Native 0.17%

Asian 14.33%

Black or African American 7.63%

Hispanic or Latino 8.59%

Unknown 4.46%

White 64.82%

Gender

female 45.78%

male 54.22%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

6.8

Stress level is high

7.1 - high

Complexity level

8.7

Complexity level is advanced

7 - challenging

Work life balance

2.2

Work life balance is very poor

6.4 - fair

Key steps to become a finance management analyst

Explore finance management analyst education requirements

Most common finance management analyst degrees

Bachelor's

72.2 %

Master's

17.0 %

Associate

7.1 %

Start to develop specific finance management analyst skills

Skills	Percentages
Financial Management	12.62%
Financial Issues	9.66%
Management Reports	9.43%
Financial Policies	9.19%
DOD	8.90%

Complete relevant finance management analyst training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New finance management analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a finance management analyst based on U.S. Bureau of Labor Statistics data and data from real finance management analyst resumes.

Research finance management analyst duties and responsibilities

Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
Review DTS authorizations for every traveler belonging to AEC.
Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.

Prepare your finance management analyst resume

When your background is strong enough, you can start writing your finance management analyst resume.

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