AML Compliance Analysts: How to Become One
If you were to ask a group of aml compliance analysts about how they arrived at their current job, there's a good chance you would get several different answers about the paths and steps that each person took.
That said, there are still ways that you can develop a baseline understanding of the preparation that is necessary to become one.
The Best Adult Colleges and Careers Guide has gathered data to provide you with insight into the type of education that's commonly required for aml compliance analysts to land a job. This page contains information, sourced from real job postings, that describes the experience levels and specific skills that employers of aml compliance analysts expect candidates to have. In the end, this information will help you create an education or professional development plan that aligns with your career aspirations.
Keep reading to learn more about career steps for aml compliance analysts.
What Education & Experience is Needed for AML Compliance Analysts?
Do aml compliance analysts need a degree? What kind of experience do aml compliance analysts typically need? Thanks to data sourced from Lightcast™ from real job postings, we can get some clarity on those questions, as well as the level of education that is commonly required for aml compliance analysts to secure jobs.
Education Level Required in Job Postings for AML Compliance Analysts
Jobs Postings for AML Compliance Analysts By Education
- Bachelor's degree: 61,324 (53%)
- No Education Listed: 23,065 (20%)
- Master's degree: 14,272 (12%)
- High School or GED: 13,412 (12%)
- Ph.D. or professional degree: 4,152 (4%)
A bachelor's degree is the level of education sought the most by employers of aml compliance analysts. According to job data, a bachelor's degree was required for 53% of positions. In 20% of job listings no education level was listed and in 12% of postings a master's degree was required.
Experience Level Required in Job Postings for AML Compliance Analysts
Jobs Postings for AML Compliance Analysts By Experience
- 0-1 Years: 10,729 (16%)
- 2-3 Years: 28,116 (42%)
- 4-6 Years: 20,275 (31%)
- 7-9 Years: 4,707 (7%)
- 10+ Years: 2,581 (4%)
While the amount of required experience will vary based on the responsibility and seniority of the position, an aggregate view of job posting data can help paint a picture of the experience level sought for most job openings for aml compliance analysts. In 42% of job postings for AML Compliance Analysts, employers were looking for candidates with 2-3 years of experience. In 31% of listings employers were looking for candidates with 4-6 years of experience, while 0-1 years of experience was sought in 16% of job postings for aml compliance analysts.
What Kind of Degree Do AML Compliance Analysts Need?
So far this page has provided detail into the level of education and the amount of experience required in job openings for aml compliance analysts, but what type of education or degree will help prepare you for a career in the field?
According to occupational data obtained through Lightcast,™ there are 46 key academic programs that can help prepare prospective aml compliance analysts, and in 2021 a total of 268,948 of those programs were completed at institutions in the United States.
Check out the information below to learn more about the specific programs that should be considered by prospective aml compliance analysts.
Top Degree Programs for AML Compliance Analysts
Top 5 Degree Programs for AML Compliance Analysts (2021)
| Program | Completions |
|---|---|
| Political Science and Government, General. | 47,413 |
| Criminal Justice/Safety Studies. | 46,381 |
| Sociology, General. | 38,336 |
| Health/Health Care Administration/Management. | 31,252 |
| Human Resources Management/Personnel Administration, General. | 18,408 |
| Program | Completions |
|---|---|
| Political Science and Government, General. | 47,413 |
| Criminal Justice/Safety Studies. | 46,381 |
| Sociology, General. | 38,336 |
| Health/Health Care Administration/Management. | 31,252 |
| Human Resources Management/Personnel Administration, General. | 18,408 |
| Public Administration. | 16,791 |
| Legal Assistant/Paralegal. | 10,609 |
| Environmental Studies. | 9,893 |
| Environmental Science. | 9,231 |
| Forensic Science and Technology. | 3,939 |
| Legal Studies. | 3,816 |
| Homeland Security. | 3,012 |
| Occupational Safety and Health Technology/Technician. | 3,008 |
| Sustainability Studies. | 3,005 |
| Women's Studies. | 2,868 |
| Natural Resources/Conservation, General. | 2,821 |
| Human Resources Development. | 2,315 |
| Health and Medical Administrative Services, Other. | 2,200 |
| Ethnic, Cultural Minority, Gender, and Group Studies, Other. | 2,142 |
| Legal Professions and Studies, Other. | 2,002 |
| Homeland Security, Law Enforcement, Firefighting and Related Protective Services, Other. | 1,640 |
| African-American/Black Studies. | 1,196 |
| Peace Studies and Conflict Resolution. | 1,159 |
| Hispanic-American, Puerto Rican, and Mexican-American/Chicano Studies. | 883 |
| Ethnic Studies. | 673 |
| Sociology and Anthropology. | 541 |
| American Indian/Native American Studies. | 527 |
| Intercultural/Multicultural and Diversity Studies. | 482 |
| Environmental/Environmental Engineering Technology/Technician. | 399 |
| Disability Studies. | 348 |
| Deaf Studies. | 297 |
| Industrial Safety Technology/Technician. | 274 |
| Natural Resources Conservation and Research, Other. | 242 |
| Legal Support Services, Other. | 233 |
| Asian-American Studies. | 139 |
| Quality Control and Safety Technologies/Technicians, Other. | 102 |
| Applied and Professional Ethics. | 98 |
| Gay/Lesbian Studies. | 85 |
| Folklore Studies. | 44 |
| Patient Safety and Healthcare Quality. | 43 |
| Facilities Planning and Management. | 32 |
| Regulatory Science/Affairs. | 29 |
| Environmental Geosciences. | 20 |
| Energy and Environmental Policy. | 17 |
| Non-Professional Legal Studies, Other. | 3 |
| Hazardous Materials Information Systems Technology/Technician. | 0 |
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Degree Options for AML Compliance Analysts
Launch an exciting career as a police officer, corrections officer, or investigator by learning the ins and outs of the U.S. criminal justice system and all its interconnected components, including law enforcement, corrections, and the courts.
- Class Type: 100% online
- Cost Per Credit: $398
Maintain social order and earn credentials for a leadership role in police, corrections, security, or court administration.
- Class Type: 100% online
- Cost Per Credit: $398
Learn the real-world management skills needed to be a leader in government and nonprofit organizations.
- Class Type: 100% online
- Cost Per Credit: $398
Identify opportunities to improve the quality of life for people with a customizable major intended to help you achieve your career goals.
- Class Type: 100% online
- Cost Per Credit: $398
Acquire specialized knowledge while developing a holistic view of the criminal justice system.
- Class Type: 100% online
- Months To Complete: 6
- Placement Tests: GMAT/GRE not required for admission
Tackle critical issues facing individuals and communities with advanced leadership and management skills ideally suited for a complex criminal justice system.
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
Earn your master's degree online and earn real-world skills to advance your career within public service.
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
Earn a 14-month online Master of Public Administration (MPA) degree with a Specialization in Healthcare and gain interdisciplinary communication and decision-making skills alongside specialized knowledge on healthcare policies, operations and analytics.
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
Earn your Master of Public Administration (MPA) degree with a Specialization in Human Resources and build the leadership skills to advance a government or public service agency alongside an emphasis on strategic HR best practices.
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
- Class Type: 100% online
- Months To Complete: 14
- Placement Tests: GMAT/GRE not required for admission
What Skills Do AML Compliance Analysts Need?
Education and experience have been covered, so what are the specific skills and traits needed by aml compliance analysts to secure a job?
A good way to understand this is to examine actual job postings for skills commonly sought by employers. Continue reading for a breakdown of specialized skills found in job postings for aml compliance analysts, as well as common skills that can help you thrive in the workplace.
In-Demand Skills for Today's AML Compliance Analysts
Based on 96,954 job postings
Top 5 Specialized Skills for AML Compliance Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Auditing | 35,333 | 36% |
| Regulatory Compliance | 19,968 | 21% |
| Project Management | 15,126 | 16% |
| Regulatory Affairs | 11,498 | 12% |
| Finance | 10,886 | 11% |
Top 5 Common Skills for AML Compliance Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communications | 46,508 | 48% |
| Management | 42,014 | 43% |
| Detail Oriented | 27,636 | 29% |
| Microsoft Excel | 24,241 | 25% |
| Operations | 24,210 | 25% |
Based on 96,954 job postings related to aml compliance analysts, auditing was the top specialized skill sought by employers, with 36% of all postings looking for that skillset. Skills for regulatory compliance, project management, regulatory affairs, finance and accounting were also highly sought.
As for common skills, communications was the most desired skill found in job postings for aml compliance analysts, followed by management, detail oriented, microsoft excel, operations and research.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Auditing | 35,333 | 36% |
| Regulatory Compliance | 19,968 | 21% |
| Project Management | 15,126 | 16% |
| Regulatory Affairs | 11,498 | 12% |
| Finance | 10,886 | 11% |
| Accounting | 10,801 | 11% |
| Risk Management | 10,311 | 11% |
| Risk Analysis | 9,670 | 10% |
| Financial Services | 8,531 | 9% |
| Data Analysis | 8,342 | 9% |
| Process Improvement | 8,330 | 9% |
| Compliance Risk | 7,997 | 8% |
| Internal Auditing | 7,678 | 8% |
| Marketing | 7,067 | 7% |
| Anti Money Laundering | 6,326 | 7% |
| Internal Controls | 6,003 | 6% |
| External Auditing | 5,951 | 6% |
| Compliance Management | 5,835 | 6% |
| New Product Development | 5,501 | 6% |
| Medical Devices | 5,494 | 6% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communications | 46,508 | 48% |
| Management | 42,014 | 43% |
| Detail Oriented | 27,636 | 29% |
| Microsoft Excel | 24,241 | 25% |
| Operations | 24,210 | 25% |
| Research | 23,712 | 24% |
| Writing | 23,428 | 24% |
| Microsoft Office | 20,994 | 22% |
| Problem Solving | 19,633 | 20% |
| Leadership | 17,518 | 18% |
| Verbal Communication Skills | 15,310 | 16% |
| Customer Service | 15,179 | 16% |
| Microsoft PowerPoint | 15,122 | 16% |
| Organizational Skills | 14,596 | 15% |
| Coordinating | 14,592 | 15% |
| Interpersonal Communications | 14,037 | 14% |
| Investigation | 12,867 | 13% |
| Planning | 11,973 | 12% |
| Self-Motivation | 11,894 | 12% |
| Presentations | 11,068 | 11% |
Additional Links
Ready to dig deeper into career information about aml compliance analysts? Visit our other pages focused on salary and education for aml compliance analysts.
What do aml compliance analysts do?
How much do aml compliance analysts make?
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