How Do I Become a Pension Analyst?

A pension analyst performs a range of tasks that involve pensions, including preparing, reviewing, and analyzing plans. In many cases, a person with this title also has audit responsibilities. If you want to become a pension analyst, you will typically need a college degree in a field such as statistics, mathematics, or business. You may also need experience in a banking-, investing-, or analysis-related position to qualify for this job. Additionally, your chances of impressing prospective employers may be improved if you can demonstrate that you are an excellent communicator, skilled with managing several projects at once, and able to meet deadlines.

A college degree is usually required when you want to become a pension analyst. Most jobs call for a bachelor's degree in a field such as statistics, math, or finance. No matter which degree program you choose, you will likely need to take classes in mathematics and statistics, business, and finance. Commerce and accounting classes may prove helpful as well. Additionally, any classes you take that help you become a better communicator may improve your chances of landing the job you want and performing to your new employer's expectations once you become a pension analyst.

Most employers look for candidates who have certain skills for pension analyst positions. Among them are computer skills and experience with productivity software. For example, your chances of landing the job you want may be improved if you know how to use spreadsheet and database programs and have at least some experience with presentation and word-processing software. Additionally, many employers will expect you to be able to manage several projects at once and prioritize them according to the company's policies.

The ability to work well by yourself and as a team member is usually required when you want to become a pension analyst. A prospective employer may prove more interested in hiring you if you demonstrate that you have good communication skills. Analytical abilities and a talent for paying attention to detail are usually important as well. Additionally, you may need analytical skills and the ability to learn quickly.

Related experience is usually important when you want to become a pension analyst. You can seek experience in a business or finance position in preparation for this career. Working as a bank officer or gaining experience with data management might also help you land this job. Some employers will pay closer attention to your application if you also have experience with statistical analysis or as another type of analyst.

In many cases, pension experience will also prove necessary when you want to become a pension analyst. Many employers will also want you to have experience with 401K plans and related types of benefits. The amount of experience you need will vary, but many employers prefer to hire candidates with about three to five years of experience.