April 20, 2014

What Degree Do I Need To Become A Financial Analyst?

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You may be wondering “What degree do I need to become a financial analyst?” since it is a rewarding career. Before you decide if you want to pursue a career as a financial analyst, you will want to know what it takes besides having an education.

What Degree Do I Need To Become A Financial Analyst?

Responsibilities and Roles of a Financial Analyst

The responsibilities of a financial analyst are to analyze, communicate, and enter data for their investors. A financial analyst’s main role is to be a leader since they are making big decisions for their investors. They have to make telephone calls during business hours and research after business hours. Financial analysts have to keep their eyes on the stock market and make any decisions to help their clients.

Skills Financial Analysts Will Need

Beyond finding the answer to What Degree Do I Need To Become A Financial Analyst, you need to determine if you actually have the necessary skill set. You will need to have analytical, communication, and computer skills. You will also need to have math skills and be detail oriented. When it comes to working as a financial analyst, people will depend on you to be knowledgeable in the field.

As a financial analyst, you must be able to investigate information that you have received. To make sure that the information you have received is true, you will need to search for facts and make your decision based on that. Many of the times, you will need to base your decisions on data and details, instead of your own ideas. This is called being conventional. Also, you must be able to make and carry out decisions on your own. The investors are depending on you to make the right decision. This means that you have enterprising skills.

What Degree Do I Need To Become A Financial Analyst?

You may have more opportunities with a Master’s degree, but you will still be able to locate employment with a Bachelor’s degree. You can choose to get a Bachelor’s degree in accounting, economics, statistics, business administration, or finance. You can also get a MBA or Master’s degree in finance.

Training Can Help You Stand Out

Many employers will not hire you unless you have some training under your belt. The training can come from an internship you had completed before graduation. The training that you will receive can help you get your foot in the door and can enable you to begin to work your way up.

Licenses and Certifications for a Financial Analyst

The road to a career as a financial analyst is not over once you have answered the What Degree Do I Need To Become A Financial Analyst? question. Often there are requirements for continuing education in order to success, such as licenses and certifications.  Financial analysts will need to have a license in order to continue working in the field. You do not need to have a license before you enter employment, but your employer will often sponsor you, so that you can get one. Since you can advance in the career, you may want to become certified. The Chartered Financial Analyst (CFA) certification allows you to become certified, if you have your Bachelor’s degree, four years of work experience, and passed the required exams.

Related Information: How Much Does A Financial Analyst Make? 

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