While there is no “official” financial analyst major, the most common majors include accounting, finance, economics, math, and others. A Bachelor of Commerce degree is a common undergraduate program to take, while many financial analysts obtain a Bachelor of Arts degree, too. After undergraduate studies, a Master of Business Administration (MBA) is the next most common degree for financial analysts to receive. Beyond that, many go on to get industry-specific credentials such as the Financial Modeling and Valuation Analyst (FMVA) designation.
Below is a break down of subject weightings in the FMVA™ financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
CFI is the global institution behind the financial modeling and valuation analyst FMVA™ Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover: