The pathway
How you actually get there, here
How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.
- 1
IR Analyst (Internal Promotion)
3-5 years as an IR AnalystSkills to master
- Flawless execution of recurring reports, initial interpretation of market data, strong Excel modelling, basic stakeholder communication.
You're ready to move on when
- Consistently delivers accurate and timely reports without supervision.
- Proactively identifies minor issues and proposes solutions.
- Takes initiative on small analytical projects beyond daily tasks.
- Begins to provide initial commentary on market movements, not just data.
- 2
Equity Research Analyst (Sell-side or Buyside)
4-7 years in equity researchSkills to master
- Deep sector knowledge, strong financial modelling and valuation, ability to articulate investment theses, understanding of market drivers.
You're ready to move on when
- Published research reports or internal investment memos.
- Proven ability to build and defend complex financial models.
- Strong network within the investment community.
- Excellent communication skills, both written and verbal, for investor audiences.
- 3
Financial Analyst (FP&A or Corporate Finance)
5-8 years in a corporate finance roleSkills to master
- Robust financial planning and analysis, deep understanding of internal company drivers, strong data manipulation skills, internal stakeholder management.
You're ready to move on when
- Experience with budgeting, forecasting, and variance analysis.
- Strong command of corporate financial statements and business drivers.
- Ability to work with large internal datasets and present findings clearly.
- Understands the impact of operational decisions on financial outcomes.