FAQ
Financial Analyst FAQ
Answers to the most common questions about working as a financial analyst.
Straight answers to the questions people ask most about becoming a financial analyst: pay, training time, degrees, certifications and whether it’s a good career.
9 questions about financial analysts
Do financial analysts need a CFA?
Not always, but it’s valuable for investment roles.
What degree is best?
Finance, accounting or economics.
Can analysts work remotely?
Many roles are hybrid or remote.
How much does a financial analyst make?
The median annual wage for financial analysts was $102,740 ($49.40 per hour) in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $63,720 and the highest 10% earned more than $180,860.
How long does it take to become a financial analyst?
Most people need about 4 years of training. A bachelor’s degree in finance, accounting, economics or a related field is typical. MBAs and credentials such as the CFA help with senior roles.
Do you need a degree to be a financial analyst?
Usually, yes. BLS lists a bachelor's degree as the typical entry-level education, although skills, certifications and experience can sometimes substitute.
Is financial analyst a good career?
It can be, depending on your goals. Employment is projected to change +7.2% from 2025–35 (much faster than average), with about 24,700 openings each year. Upsides include high pay and advancement; a common challenge is that long hours at deadlines.
What skills does a financial analyst need?
Key technical skills include financial modeling, excel, accounting fundamentals, and forecasting and budgeting. Employers also value analytical thinking, communication, and attention to detail.
What certifications are available for financial analysts?
Common credentials include Chartered Financial Analyst (CFA), Certified Corporate FP&A Professional (FPAC), Financial Modeling and Valuation Analyst (FMVA), and FINRA licenses. Requirements vary by state and employer.
Still deciding?
Try the Financial Analyst fit quiz, compare with Accountant, or explore Financial Analyst training.
Sources
- U.S. Bureau of Labor Statistics, BLS Occupational Employment and Wage Statistics (OEWS), May 2025, SOC 13-2051 (Financial and investment analysts).
- U.S. Bureau of Labor Statistics, BLS Employment Projections, Table 1.2 (2025–35).
- O*NET OnLine summary for Financial and investment analysts (U.S. Department of Labor).
- BLS Occupational Outlook Handbook.
Reviewed by the Career Education Institute Curriculum Team. Pay figures are national estimates; local pay varies. See our editorial policy.