Most positions require a minimum of a bachelor’s degree in fields such as business, accounting, mathematics, economics, finance, statistics, or law. Advanced degrees like an MBA or a master’s degree in finance can enhance employability and lead to senior roles. High school courses in accountancy, business, commerce, economics, mathematics, statistics, and English are recommended.

While not mandatory, certifications can significantly enhance job prospects. The Chartered Financial Analyst (CFA) certification from the CFA Institute is highly respected. Other certifications like Certified International Investment Analyst (CIIA) or Certified Investment Management Analyst (CIMA) are also valuable. Licensing requirements vary by location and job role.

Financial Analysts undertake research and data analysis to guide investment strategies. They gather and organize financial data, monitor economic and business trends, assess company values, build financial models, generate analytical reports, and recommend investments. They also assist in budgeting, forecasting, and preparing action plans for investment decisions.

The average annual salary for a Financial Analyst is around $95,570 in the US and £45,555 in the UK. Salaries can vary based on education, experience, location, and the specific employer.

Career progression typically involves advancing from Junior Analyst to Senior Analyst, then to supervisory roles like Portfolio Manager or Fund Manager. Financial Analysts can also pursue roles as Investment Advisors or Consultants. Advanced degrees and certifications can further enhance career prospects and lead to senior management roles, such as CFO or CIO.