Step-by-Step Guide

How to Become a Financial Analyst

Finance, economics, or accounting degree required by most employers

First job in 6–18 months
Median $85K/yr
+8% job growth
Salary range
$60K – $200K+
Job growth
+8%
Time to first role
6–18 months
Education
Finance, economics, or accounting degree required by most employers

Step-by-step roadmap to your first Financial Analyst role

1

Master financial modelling in Excel

2–3 months

Three-statement financial models (income statement, balance sheet, cash flow statement) and DCF valuation are the core analyst skills. Wall Street Prep and CFI offer structured online curricula.

2

Learn financial statement analysis

1–2 months

Reading 10-Ks, understanding GAAP accounting, calculating and interpreting key ratios (P/E, EV/EBITDA, ROIC). Pick 3 public companies in an industry you're interested in and analyse their last 3 annual reports.

3

Get Excel and PowerPoint to a professional standard

1–2 months

Financial analysts spend 60%+ of their time building models in Excel and presenting findings in PowerPoint. Keyboard shortcuts, pivot tables, VLOOKUP/INDEX-MATCH, and clear chart design are baseline skills.

4

Earn the CFA Level I (or work toward it)

3–6 months

The CFA is the gold standard for investment analysis roles. Level I signals commitment and opens doors even before you pass all three levels. For FP&A roles, the FMVA is a more practical alternative.

5

Target entry analyst roles at banks, PE, or corporate FP&A

3–6 months

Investment banking analyst programmes are highly competitive but offer the fastest skill development. Corporate FP&A roles are more accessible and offer better work-life balance. Both are strong foundations for senior finance careers.

Is Financial Analyst actually the right fit for you?

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Core skills for a Financial Analyst

8 key skills expected by hiring managers.

Financial modelingAccounting fundamentalsValuation methodsSQL for financial dataPython for automationFinancial statement analysisPresentation and communicationBloomberg Terminal or Capital IQ

Top certifications to get hired faster

CFA Level I
Issued by CFA Institute
#1 pick
Financial Modelling & Valuation Analyst (FMVA)
Issued by Corporate Finance Institute
#2 pick
Bloomberg Market Concepts (BMC)
Issued by Bloomberg
#3 pick

Backgrounds that transition well into Financial Analyst

AccountantBanking associateEconomics graduateData analyst

Job titles to target first

Search for these when applying — they're the standard entry-level titles that lead to Financial Analyst roles.

Junior Financial Analyst
Finance Analyst I
Financial Planning Analyst

Frequently asked questions about becoming a Financial Analyst

Other Finance careers to explore

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