Financial Management Analyst: Job Description & Education Requirements

Sep 15, 2019

Learn about the education and preparation needed to become a financial management analyst. Get a quick view of the requirements as well as details about education, job responsibilities, and licensure to find out if this is the career for you.

Financial management analysts assist businesses with making informed investments. They study available investment options, such as stocks and bonds, to evaluate for strength and security. Financial management analysts hold at least a bachelor's degree in a field such as finance or economics.

Essential Information

Financial management analysts help businesses and organizations with long-term financial planning. Most employers require a bachelor's degree in business administration or a related field; however, a master's degree may also be necessary. Licensure and certification are also available.

Required Education Bachelor's degree in business administration or related field, master's degree may be required
Other Requirements Licensure may be required by the Financial Industry Regulatory Authority; voluntary financial analyst certification available as well
Projected Job Growth (2018-2028) 6% for all financial analysts*
Median Annual Salary (2018) $85,660 for all financial analysts*

Source: *U.S. Bureau of Labor Statistics

Financial Management Analyst Job Description

Businesses and companies hire financial management analysts to coordinate operations and programs related to financial research and management. This includes creating policies, work procedures, organizational structure, work assignments and informational handouts. A financial management analyst creates and implements investment plans to help the organization meet their long-term goals.

A financial management analyst examines commodities, bonds and stocks to create and pursue the best plan to generate revenue for a business. They are responsible for creating long-term strategies to improve the financial goals of an organization. Additionally, a financial management analyst assists in determining the wealth and value of a company.

Education Requirements for a Financial Management Analyst

The minimum amount of education a financial management analyst needs is a bachelor's degree. Some job postings on required financial management analysts to have a master's degree. Regardless of the education level, a financial management analyst needs to major in business administration, accounting, economics, statistics or finances.

Classes in these business-oriented programs focus on financial information such as risk management, options pricing and bond valuation. Programs build an understanding of corporate budgeting, financial analyzing, accounting procedures and economics. Technology is regularly incorporated into the classroom because it has become such a crucial part of business.

Licensure and Certification

Financial management analysts typically require a license depending on their specific job duties. The Financial Industry Regulatory Authority handles the licenses for financial analysts. In addition to gaining professional licensure, financial management analysts can also demonstrate professional skills through acquiring certifications. Certifications are available through professional organizations such as the Chartered Financial Analysts and the Association for Financial Professionals. The requirements to become certified typically vary depending on the specific type of certification; however, most require specified education and work experience, as well as passing an exam.

Salary Information

In May 2018, the U.S. Bureau of Labor Statistics (BLS) indicated that most financial analysts earned $52,540-$167,420 per year, with a median annual salary of $85,660 . The BLS predicted 6% employment growth in this field from 2018-2028, which is as fast as average.

Despite the average growth, the BLS warns prospective financial management analysts to anticipate strong competition for positions. The best way to attract employers is to hold a graduate degree as well as licensure and certification.

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