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What Degree Do You Need To Be A Financial Analyst

By David Krug 3 minute read


Keeping up-to-date on economic trends, business news, and corporate strategy allows financial analysts to provide customers with investment advice on whether to purchase and sell.

They also create reports to clarify their analysis, share their knowledge with colleagues who aren’t financial professionals, and express their viewpoints to the general public and the financial media on occasion.

They also produce reports. The financial services and insurance businesses employ a large number of people in this field.

Analyzing macroeconomic and microeconomic factors, as well as the fundamentals of individual companies, is the job of a financial analyst.

Investors sometimes get advice from financial advisors on whether to purchase an investment or sell an existing one, with the advice being based on the stock’s overall presentation and expected strength.

Analyzers need to keep up with the latest innovations in their field of specialization as well as the creation of financial models that can anticipate future economic circumstances based on a wide range of factors.


A bachelor’s degree in finance or business administration is desirable, although many financial analysts additionally pursue master’s degrees and extra financial analyst courses.

As a college student who is interested in a career in finance, you should study business, economics, accounting, and math classes.

Some of the most popular degrees include computer science, physics, biology, and engineering. Firms generally recruit junior analysts with these backgrounds, although MBA grads are often hired as senior analysts immediately out of business school.

You may also become a financial analyst without going to college by passing the Series 7 and 63 tests or by enrolling in the CFA Program.

As these examinations can be exceedingly difficult, they may be out of reach for those who have never studied or worked in a financial setting before taking them.

In addition to the numerous practice tests and programs available to students, several schools also provide instruction for those who qualify.

The vast majority of college graduates have a good shot at a successful career as a financial analyst. With a few years of experience under their belt, a junior analyst can progress to a senior analyst post.

An individual who passes the Series 7 test, given by FINRA (formerly the National Association of Securities Dealers (NASD)), will be able to trade in all forms of corporate securities and save commodities and futures, without further qualification.

FINRA also conducts the Series 63 examination. Once the test has been passed, the candidate will be able to solicit orders for corporate debt and equity instruments, such as ordinary and preferred stock and other types of bonds and warrants.


Depending on the sort of organization they work for, financial analysts prefer to specialize. Analysts are employed by banks, investment firms, insurance companies, and other financial institutions.

When it comes to the finance world, most analysts work for either buy-side companies that conduct stock research for their own funds or sell-side firms that do stock research for their own funds. It’s a type of investment house that manages its own money. 

Analysts working for a sell-side business assess and contrast the quality of securities within a certain industry or sector.

Analyzers then provide reports with specific recommendations such as buy, sell, or hold depending on the results of the analysis.

According to the US Bureau of Labor Statistics, the median wage for financial analysts with a bachelor’s degree was $76,950. From 2012 through 2022, 39,300 jobs are predicted to be created or rescinded.

Although this is a lucrative career, analysts often work more than 40 hours a week. One in three analysts works 50 to 70 hours every week, according to!

David Krug