Financial Analyst Training

A financial analyst assists consumers with strategies for investing their money. To be a financial analyst, there is training you have to complete and there are qualifications that need to be met.

Requirements

A financial analyst needs to have a bachelor of science in finance or business administration and, in some cases, an MBA in finance. A financial analyst should have some coursework in accounting, economics and finance. Financial analysts must have an understanding of tax laws and money markets, according to Bureau of Labor Statistics (BLS).

Significance

To actively participate in this business, financial analysts need to have certain licenses that enable them to sell investment products. The license needed will depend on the products they will be selling.

Considerations

Financial analysts have many hours of studying to do before they are ready to take the tests required for licensing. To start training and studying, a financial analyst has to be sponsored by a company.

Features

One license that may be needed is the Series 7. A financial analyst will need to understand information about debt and equity securities, retirement plans and securities and market regulations. This license enables an analyst to sell security products, according to hedgefundlawblog.com

Advancement

Financial analysts have opportunities to advance, including supervising other financial analysts. They can pursue other paths including that of a portfolio manger or fund manager. These positions allow them to manage and direct the investment portfolios of their companies, according to BLS.

References

• cfainstitute.org: Guide for CFA Charterholders
• Hedge Fund Law Blog: Series 7 Exam Overview | General Securities Representative Exam
• Bureau of Labor Statistics: Financial analyst