How to Become a Financial Analyst
If you enjoy math and analytical thinking, and want to pursue a career as a financial analyst, there are a few important steps you’ll need to take. Earning a bachelor’s degree is often the most important step, as it will give you the foundational knowledge you need to pursue a career in finance. However, a more targeted degree may be ideal, such as a Bachelor of Science in Finance. Many bachelor degree graduates begin their career working in accounting, investment, or banking firms. Additional certifications may not be necessary at the beginning of your work experience, but many professionals obtain licenses and designations later in their career.
The Financial Industry Regulatory Authority (FINRA) requires entities under its purview to register and comply with its regulations. These specify that financial analysts must be licensed by FINRA. As a result, many financial analyst positions involve the sale of financial products. Based on the state, licensing is a key component of how to become a financial analyst. The best way to find out if licensing is required for the position you’re interested in is to research the state’s financial analyst licensing requirements.
After completing a degree and ready to pursue a career in finance, there are a few paths you can take. Many financial analysts begin their career working in accounting, investment, or banking firms. However, there are a variety of other positions that require a financial analyst license, such as working in the securities industry. If you’re not sure which route is best for you, it’s important to research the state’s financial analyst licensing requirements.