What is a Financial Analyst? Key Skills, Qualifications and Career Path | UK Career Advice

Jump to section

What is a Financial Analyst?

As a Financial Analyst, you'll be using your data analysis skills to evaluate financial information and make recommendations for your company. This often involves assessing investment opportunities, analysing economic trends and helping your business make more informed financial decisions to improve its performance or growth.

Skills

Financial analysis and forecasting
Budgeting and financial planning
Risk management and mitigation
Knowledge of accounting principles and practices
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Proficiency in financial software and tools
Attention to detail and accuracy
Ability to work under pressure and meet deadlines
Leadership and team management skills
Strong analytical and problem-solving skills
Proficiency in data analysis and statistical software (e.g., Excel, SQL, Python)
Knowledge of financial modeling and forecasting techniques
Ability to interpret and communicate complex financial data effectively
Attention to detail and accuracy in data analysis
Strong mathematical and statistical skills
Ability to work with large datasets and extract meaningful insights
Familiarity with financial regulations and compliance standards
Strong organizational and time management skills
Ability to work independently and as part of a team

Qualifications & Education

Relevant degree or equivalent qualification
Professional qualifications (mandatory for actuarial occupations)

Career Path

Financial Analyst

Financial Manager

Chief Financial Officer

Chief Executive Officer

Investment Banker

Portfolio Manager

Hedge Fund Manager

Management Consultant

Strategy Director

Chief Strategy Officer

Risk Manager

Risk Director

Chief Risk Officer

Data Analyst

Business Intelligence Manager

Data Scientist

Frequently Asked Questions

Do you need a CFA to be a financial analyst?

No, a CFA is not required to be a financial analyst in the UK, but having the certification may be preferred by some employers. A relevant degree alone can qualify individuals for entry-level positions.

How do you become a financial analyst?

To become a financial analyst in the UK, you need to obtain a bachelor's degree in finance, economics, business management, statistics, or a related field. While an internship during college can help secure a full-time position, it is not a requirement.

How stressful is a financial analyst job?

Being a financial analyst can be a stressful job due to the high-stress levels and heavy workloads reported by most financial analysts. The complexity of the work and the need for continuous study also contribute to the stress.

What does a career financial analyst do?

A career financial analyst guides businesses and individuals in making decisions about spending money to attain profit. They assess the performance of stocks, bonds, and other types of investments. Financial analysts work in banks, pension funds, insurance companies, and other businesses.

What qualifications do you need to be a financial analyst?

To be a financial analyst in the UK, you will need at least a bachelor's degree in a finance-related subject such as economics, statistics, or accounting. Having a master's degree in finance or an MBA will provide you with more opportunities in the field.

Financial Analyst: Key Skills, Qualifications and Career Path

Jump to section