Financial Analysts

High School

Since financial analysts work with numbers and compile data, you should take as many math classes as are available. Accounting, business, economics, and computer classes (especially data science and AI) will be helpful as well. A good grasp of computer spreadsheet programs such as Excel is vital. Take extra care as you research and write reports in any subject matter or in public speaking, and it will pay off later when you must conduct investment research and write and present investment recommendations.

Postsecondary Training

Most employers require that financial analysts hold a bachelor's degree in accounting, business administration, economics, finance, or statistics. Other possible majors include communications, international business, and public administration. Some companies will hire you if you hold a bachelor's degree in another discipline as long as you can demonstrate mathematical ability. In college, take business, economics, and statistics courses. Since computer technology plays such a big role in a financial analyst's work, computer classes can be helpful as well. English composition classes can prepare you for the writing you will need to do when preparing reports. Some employers require a writing sample prior to an interview.

Financial analysts generally continue to take courses to keep up with the ongoing changes in the world of finance, including international trade, state and federal laws and regulations, and computer technology. Proficiency in certain databases, presentation graphics, spreadsheets, and other software is expected. Some employers require their employees to have a master's degree in business administration or finance.

Many top firms offer summer internship programs. Check company Web sites for the particulars, such as assignments and qualifications. An internship can provide you with helpful contacts and increase your chances of landing a job when you finish with college.

Certification

The Chartered Alternative Investment Analyst Association offers the Fundamentals of Alternative Investments Certificate Program. In this online, self-paced course, you’ll learn about traditional vs. alternative investments, risk management, investment returns and risks, due diligence, private equity and venture capital, hedge funds, and other topics. Visit https://caia.org/programs/fundamentals for more information.

Other Education or Training

The CFA Institute offers webcasts, podcasts, online courses, and other continuing education opportunities. Recent topics included behavioral finance, fixed-income analysis, ethics, and standards of practice. The Association for Financial Professionals and the CFA Society New York also provide continuing education. Contact these organizations for more information.