BSA/AML Analysts: How to Become One
If you were to ask a group of bsa/aml 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 bsa/aml 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 bsa/aml 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 bsa/aml analysts.
What Education & Experience is Needed for BSA/AML Analysts?
Do bsa/aml analysts need a degree? What kind of experience do bsa/aml 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 bsa/aml analysts to secure jobs.
Education Level Required in Job Postings for BSA/AML Analysts
Jobs Postings for BSA/AML Analysts By Education
- Bachelor's degree: 6,928 (46%)
- No Education Listed: 2,679 (18%)
- Master's degree: 2,668 (18%)
- High School or GED: 1,647 (11%)
- Ph.D. or professional degree: 1,100 (7%)
A bachelor's degree is the level of education sought the most by employers of bsa/aml analysts. According to job data, a bachelor's degree was required for 46% of positions. In 18% of job listings no education level was listed and in 18% of postings a master's degree was required.
Experience Level Required in Job Postings for BSA/AML Analysts
Jobs Postings for BSA/AML Analysts By Experience
- 0-1 Years: 1,247 (16%)
- 2-3 Years: 3,429 (43%)
- 4-6 Years: 2,354 (29%)
- 7-9 Years: 690 (9%)
- 10+ Years: 324 (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 bsa/aml analysts. In 43% of job postings for BSA/AML Analysts, employers were looking for candidates with 2-3 years of experience. In 29% 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 bsa/aml analysts.
What Kind of Degree Do BSA/AML Analysts Need?
So far this page has provided detail into the level of education and the amount of experience required in job openings for bsa/aml 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 19 key academic programs that can help prepare prospective bsa/aml analysts, and in 2023 a total of 223,162 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 bsa/aml analysts.
Top Degree Programs for BSA/AML Analysts
Top 5 Degree Programs for BSA/AML Analysts (2023)
| Program | Completions |
|---|---|
| Accounting. | 61,109 |
| Finance, General. | 50,779 |
| Criminal Justice/Safety Studies. | 43,663 |
| Mathematics, General. | 26,754 |
| Organizational Leadership. | 15,298 |
| Program | Completions |
|---|---|
| Accounting. | 61,109 |
| Finance, General. | 50,779 |
| Criminal Justice/Safety Studies. | 43,663 |
| Mathematics, General. | 26,754 |
| Organizational Leadership. | 15,298 |
| Financial Mathematics. | 5,552 |
| Financial Planning and Services. | 5,054 |
| Applied Mathematics, General. | 4,571 |
| Accounting and Finance. | 3,492 |
| Health Services Administration. | 3,016 |
| Accounting and Business/Management. | 1,214 |
| Banking and Financial Support Services. | 1,034 |
| Accounting and Related Services, Other. | 795 |
| Investments and Securities. | 374 |
| Risk Management. | 177 |
| International Finance. | 138 |
| Pharmaceutical Marketing and Management. | 61 |
| Religious Institution Administration and Management. | 56 |
| Public Finance. | 25 |
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Degree Options for BSA/AML Analysts
Help organizations analyze financial statements and accounts to help prevent fraud, maintain data integrity, assess operational risk, and mitigate or remediate deficiencies as an accounting technician, assistant or bookkeeper.
- Class Type: 100% online
- Cost Per Credit: $398
What Skills Do BSA/AML Analysts Need?
Education and experience have been covered, so what are the specific skills and traits needed by bsa/aml 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 bsa/aml analysts, as well as common skills that can help you thrive in the workplace.
In-Demand Skills for Today's BSA/AML Analysts
Based on 11,859 job postings
Top 5 Specialized Skills for BSA/AML Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Anti Money Laundering | 3,193 | 27% |
| Auditing | 2,391 | 20% |
| Bank Secrecy Act | 2,347 | 20% |
| Financial Services | 2,299 | 19% |
| Fraud Investigation | 2,260 | 19% |
Top 5 Common Skills for BSA/AML Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communication | 5,378 | 45% |
| Management | 4,582 | 39% |
| Research | 4,458 | 38% |
| Investigation | 4,170 | 35% |
| Operations | 3,228 | 27% |
Based on 11,859 job postings related to bsa/aml analysts, anti money laundering was the top specialized skill sought by employers, with 27% of all postings looking for that skillset. Skills for auditing, bank secrecy act, financial services, fraud investigation and finance were also highly sought.
As for common skills, communication was the most desired skill found in job postings for bsa/aml analysts, followed by management, research, investigation, operations and microsoft excel.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Anti Money Laundering | 3,193 | 27% |
| Auditing | 2,391 | 20% |
| Bank Secrecy Act | 2,347 | 20% |
| Financial Services | 2,299 | 19% |
| Fraud Investigation | 2,260 | 19% |
| Finance | 2,129 | 18% |
| Data Analysis | 2,018 | 17% |
| Risk Management | 1,969 | 17% |
| Law Enforcement | 1,753 | 15% |
| Accounting | 1,727 | 15% |
| Fraud Prevention | 1,725 | 15% |
| Python (Programming Language) | 1,688 | 14% |
| Statistics | 1,613 | 14% |
| SQL (Programming Language) | 1,573 | 13% |
| Economics | 1,349 | 11% |
| Fraud Detection | 1,262 | 11% |
| Office Of Foreign Assets Controls | 1,205 | 10% |
| Suspicious Activity Report | 1,196 | 10% |
| Due Diligence | 1,149 | 10% |
| Project Management | 1,079 | 9% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communication | 5,378 | 45% |
| Management | 4,582 | 39% |
| Research | 4,458 | 38% |
| Investigation | 4,170 | 35% |
| Operations | 3,228 | 27% |
| Microsoft Excel | 2,888 | 24% |
| Detail Oriented | 2,716 | 23% |
| Problem Solving | 2,685 | 23% |
| Writing | 2,651 | 22% |
| Leadership | 2,219 | 19% |
| Customer Service | 2,114 | 18% |
| Microsoft Office | 1,920 | 16% |
| Analytical Skills | 1,767 | 15% |
| Microsoft PowerPoint | 1,565 | 13% |
| Verbal Communication Skills | 1,563 | 13% |
| Interpersonal Communications | 1,501 | 13% |
| Presentations | 1,470 | 12% |
| Mathematics | 1,453 | 12% |
| Multitasking | 1,331 | 11% |
| Self-Motivation | 1,274 | 11% |
Additional Links
Ready to dig deeper into career information about bsa/aml analysts? Visit our other pages focused on salary and education for bsa/aml analysts.
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