How to Become a Financial Risk Analyst

If you want to become a financial risk analyst, you need to complete an undergraduate degree and achieve excellent grades in GCSEs. This job often involves travel outside of the office, and you may even be required to work abroad. You will need a solid undergraduate degree and good GCSE results, preferably in numerate or quantitative subjects. Although you can also become a financial risk analyst without a degree, the job market is competitive and a postgraduate qualification in risk management will boost your chances.

Bachelor’s degree

To become a financial Risk Analyst, you need to earn a bachelor’s degree in economics or finance. You can pursue a master’s degree in financial risk analysis or other related fields to increase your career opportunities. There are also many certifications available for financial analysts, including the Chartered Financial Analyst (CFA) and the Chartered Market Technician (CMT).

A risk analyst must have a keen attention to detail and be meticulous in their work. They must have the ability to process large amounts of data and avoid distractions. They also need to have good computer skills, as risk analysis often requires using different types of software. It is helpful to have pre-entry experience or work in a commercial environment before pursuing a degree in financial risk management. After gaining this experience, you can apply for a job with a financial risk management company.

An advanced degree can further your career opportunities. Earning a master’s degree in accounting or finance can enhance your knowledge and skills. Some companies also offer tuition assistance for advanced degrees. As of May 2017, the average annual salary for financial analysts was $99,430, with the highest ten percent earning more than $165,580. Salary ranges for financial risk analysts can vary depending on education, experience, and location.


In this career field, you will develop strategies to minimise risks and maximise rewards. You will conduct research on current and future events and determine their impact on the financial services industry, economy, and stability of financial institutions. You will also use statistical models and quantitative analysis to assess and predict these risks. You will also review and analyse financial documents and industry developments to create comprehensive risk assessments. Ultimately, you will apply your knowledge and experience to help firms improve their financial performance.

Working as a financial risk analyst requires a high level of academic achievement, as this role often involves travel outside the office. You may have to travel to different countries to perform your duties. Getting a good undergraduate degree is also essential, as is a good GCSE grade. Even if you aren’t a graduate, you can still enter the field, although competition is high. Moreover, if you are planning to work in the field, you may want to consider getting a postgraduate degree in risk management, as it will help your chances.


Whether you are just starting out, or looking to advance your career in another direction, there are many ways to get started as a financial risk analyst. First of all, internships can be a great way to hone your skills and gain real-world experience. You can either find these internships yourself, or use job search engines or academic advisers to find a suitable placement. In addition, if you are studying finance, you can gain more knowledge about the subject through classes and reading.

An internship as a financial risk analyst requires a bachelor’s degree in finance, as well as experience using analysis tools and knowledge of accounting principles. Although the work may seem daunting, internships are a great way to get a feel for what the real job will involve and help you decide whether finance is the right path for you. As well as helping you gain real-world experience, you can network with existing financial analysts and develop mentorships. Those relationships are invaluable for your career, as well.


The first step to becoming a financial risk analyst is to gain the necessary education. This job requires you to understand mathematical systems of probabilities, and to be proficient in statistics and probability. Typically, you will need to earn a bachelor’s degree. The more prestigious your undergraduate institution, the more likely you’ll get a good job offer. If you already have a bachelor’s degree, you may want to earn a certification in financial risk analysis to further your professional career.

Obtaining a postgraduate degree is also a viable option to enhance your job prospects. Graduate training programmes in finance often include specific risk management training. In addition, gaining pre-entry work experience in a related field is beneficial. While not mandatory, it can help you stand out among your colleagues and get ahead. This will give you a competitive edge over other applicants. For most jobs, candidates should complete a bachelor’s degree in a quantitative business field, such as economics, statistics, or mathematics. Certifications in risk management can help you excel in your job and earn a higher salary.