Career Overlap Transition record
RecordMove

Credit analyst to financial planner

A credit analyst already meets 32% of what the financial planner role asks for. The move turns on 13 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional
From credit analyst
32 % overlap
Distant match
To financial planner
16 You already bring
13 Still to learn
67 Skills in the target role2
Learning distance Substantial retraining

74/ 100

1 How much of what a financial planner is expected to do is already part of a credit analyst’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the financial planner role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A financial planner role treats 10 of its required skills as things a credit analyst already does. You would walk in with these on day one.

  • analyse the credit history of potential customers
  • banking activities
  • budget for financial needs
  • financial forecasting
  • interpret financial statements
  • investment analysis

What stands in the way is 13 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 16 skills that carry over, these are the ones fewest other occupations ask for. A financial planner role needs them, and most people applying for one will not have them already. This is the part of a credit analyst background worth leading with.

Skill the target role also needs Area
  • already held analyse the credit history of potential customers information skills
  • already held maintain credit history of clients information skills
  • already held budget for financial needs management skills
  • already held analyse loans information skills
  • already held develop investment portfolio management skills
  • already held investment analysis business, administration and law

All 16 carried skills, including the 10 the financial planner role treats as required.

Table 3

Table 3 · What you may need to learn

The 51 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier
01 communication, collaboration and creativity 5 required, 10 supplementary
  • still to learn identify customer's needs required
  • still to learn offer financial services required
  • still to learn advise on financial matters required
  • still to learn apply technical communication skills required
  • still to learn provide financial product information required
  • optional, not held assist in will writing optional
  • optional, not held advise on investment optional
  • optional, not held inform on interest rates optional
  • optional, not held prepare real estate contract optional
  • optional, not held sell insurance optional
  • optional, not held advise on tax planning optional
  • optional, not held analyse insurance needs optional
  • optional, not held communicate with banking professionals optional
  • optional, not held disseminate information on tax legislation optional
  • optional, not held protect client interests optional
02 business, administration and law 3 required, 13 supplementary
  • still to learn customer service required
  • still to learn financial markets required
  • still to learn modern portfolio theory required
  • optional, not held foreign valuta optional
  • optional, not held principles of insurance optional
  • optional, not held accounting techniques optional
  • optional, not held business loans optional
  • optional, not held debt systems optional
  • optional, not held financial jurisdiction optional
  • optional, not held financial management optional
  • optional, not held financial products optional
  • optional, not held mortgage loans optional
  • optional, not held real estate market optional
  • optional, not held securities optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
03 information skills 2 required, 10 supplementary
  • still to learn assess risks of clients' assets required
  • still to learn provide support in financial calculation required
  • optional, not held calculate employee benefits optional
  • optional, not held consult credit score optional
  • optional, not held monitor loan portfolio optional
  • optional, not held analyse business plans optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held assess debtor's financial situation optional
  • optional, not held collect financial data optional
  • optional, not held maintain records of financial transactions optional
  • optional, not held manage financial risk optional
  • optional, not held value properties optional
04 management skills 2 required, 3 supplementary
  • still to learn create a financial plan required
  • still to learn handle financial transactions required
  • optional, not held create banking accounts optional
  • optional, not held manage pension funds optional
  • optional, not held operate financial instruments optional
05 social sciences, journalism and information 1 required
  • still to learn economics required
06 assisting and caring 2 supplementary
  • optional, not held guarantee customer satisfaction optional
  • optional, not held assist in loan applications optional
Table 4

Table 4 · Where to start

The 3 entries a financial planner role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 16 skills that carry over
Skill Type
  • already held analyse the credit history of potential customers skill
  • already held banking activities knowledge
  • already held budget for financial needs skill
  • already held financial forecasting knowledge
  • already held interpret financial statements skill
  • already held investment analysis knowledge
  • already held maintain credit history of clients skill
  • already held obtain financial information skill
  • already held review investment portfolios skill
  • already held synthesise financial information skill
  • already held analyse financial risk skill
  • already held analyse loans skill
  • already held analyse market financial trends skill
  • already held develop investment portfolio skill
  • already held stock market knowledge
  • already held tax legislation knowledge
38 supplementary skills, helpful but not required
Skill to pick up Tier
  • optional, not held assist in will writing optional
  • optional, not held advise on investment optional
  • optional, not held calculate employee benefits optional
  • optional, not held consult credit score optional
  • optional, not held create banking accounts optional
  • optional, not held foreign valuta optional
  • optional, not held guarantee customer satisfaction optional
  • optional, not held inform on interest rates optional
  • optional, not held manage pension funds optional
  • optional, not held monitor loan portfolio optional
  • optional, not held prepare real estate contract optional
  • optional, not held principles of insurance optional
  • optional, not held sell insurance optional
  • optional, not held accounting techniques optional
  • optional, not held advise on tax planning optional
  • optional, not held analyse business plans optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held analyse insurance needs optional
  • optional, not held assess debtor's financial situation optional
  • optional, not held assist in loan applications optional
  • optional, not held business loans optional
  • optional, not held collect financial data optional
  • optional, not held communicate with banking professionals optional
  • optional, not held debt systems optional
  • optional, not held disseminate information on tax legislation optional
  • optional, not held financial jurisdiction optional
  • optional, not held financial management optional
  • optional, not held financial products optional
  • optional, not held maintain records of financial transactions optional
  • optional, not held manage financial risk optional
  • optional, not held mortgage loans optional
  • optional, not held operate financial instruments optional
  • optional, not held protect client interests optional
  • optional, not held real estate market optional
  • optional, not held securities optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
  • optional, not held value properties optional
15 held skills the financial planner role does not ask for
Skill Type
  • not needed by the target role accounting knowledge
  • not needed by the target role advise on credit rating skill
  • not needed by the target role advise on risk management skill
  • not needed by the target role apply credit risk policy skill
  • not needed by the target role debt classification knowledge
  • not needed by the target role examine credit ratings skill
  • not needed by the target role financial engineering knowledge
  • not needed by the target role financial statements knowledge
  • not needed by the target role insolvency law knowledge
  • not needed by the target role interview bank loanees skill
  • not needed by the target role interview techniques knowledge
  • not needed by the target role maintain client debt records skill
  • not needed by the target role manage securities skill
  • not needed by the target role perform debt investigation skill
  • not needed by the target role public offering knowledge
17 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to pick up Tier
  • still to learn customer service required
  • still to learn economics required
  • still to learn financial markets required
  • still to learn modern portfolio theory required
  • optional, not held foreign valuta optional
  • optional, not held principles of insurance optional
  • optional, not held accounting techniques optional
  • optional, not held business loans optional
  • optional, not held debt systems optional
  • optional, not held financial jurisdiction optional
  • optional, not held financial management optional
  • optional, not held financial products optional
  • optional, not held mortgage loans optional
  • optional, not held real estate market optional
  • optional, not held securities optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
Index

Other moves recorded from credit analyst

Full index of moves from credit analyst

FAQ

Common questions about this move

Can a credit analyst become a financial planner?

Yes, and it is a substantial move. A credit analyst already covers 32% of what a financial planner is expected to do: 16 skills carry over, 10 of which the financial planner role treats as required.

What skills does a credit analyst need to become a financial planner?

13 required skills are missing, plus 38 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by communication, collaboration and creativity. The single most important is customer service.

How hard is the move from credit analyst to financial planner?

Its learning distance is 74 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.