High School
In high school, take classes that help you to develop your communication skills (English and speech), your business and financial knowledge (business, economics, accounting, mathematics), computer skills (computer science, database design and management, computer security), and knowledge of the world (social studies, history, foreign language).
Postsecondary Education
You’ll need at least a bachelor’s degree in business, finance, accounting, or pre-law to work in entry-level positions. Many hedge fund managers prefer to hire those with graduate degrees in law, business, finance, or accounting. Some colleges, such as Loyola University Chicago, offer master’s degree concentrations in compliance studies.
Certification
Some colleges and universities offer undergraduate and graduate certificates in compliance. For example, the University of South Florida offers a certificate in compliance, risk, and anti-money laundering. To earn the certificate, students must complete the following courses: Risk Management and Legal Compliance; Forensic Accounting & Legal Issues; Accounting Systems Audit, Control and Security; and Statistical Data Mining. Visit https://www.usf.edu/graduate-studies for more information. Contact schools in your area for information about available programs.
Other Education or Training
The Society of Corporate Compliance and Ethics provides a variety of webinars that satisfy continuing-education requirements and help compliance professionals develop their skills. Recent webinars included The ABC’s of Professional Development for Compliance Practitioners and Update on Global Data Privacy Laws and Frameworks. The Regulatory Compliance Association, Managed Funds Association, American Bankers Association, American Bar Association, and other organizations also offer continuing education classes. Contact these organizations for more information.