More than three-quarters of US FP&A Jobs Require Excel
In the Datarails study we analyzed 500 open FP&A roles in the United States, including the 10 biggest companies by market capitalization. The study finds that 76% of FP&A finance roles across the US require advanced Excel skills—regardless of sector. In addition, nine out of top 10 US companies by market cap—collectively companies worth $12.5 trillion—demand advanced Excel for financial analysis roles.
Unsurprisingly of the top 10 highest cap companies, only Alphabet, which owns competitor Google Sheets, fails to namecheck Excel as a job requirement in its finance roles. In advertising for a Senior Financial Analyst, for its Google Cloud division, Alphabet requires” 7 years of FP&A experience” but insists on “spreadsheets” experience alongside SQL proficiency”. However, the other nine companies—Apple, Microsoft, Amazon, Tesla, Berkshire Hathaway, Meta, Johnson & Johnson, United Health and VISA all insist on Excel as a core job requirement.
After Excel, the next most demanded tool or software in top financial roles is PowerPoint, mentioned in 30% of FP&A job advertisements, Netsuite (15%) SAP (15%) SQL (15%) and Tableau (13%).
Didi Gurfinkel CEO and Co-Founder, Datarails, says: “When it comes to the vital work of budget, cash flows, and forecasting carried out by Financial Planning and Analysis leaders in the biggest companies in the US, Excel still remains the canvas that finance teams rely on to create ideas and models. The flexibility, familiarity and independence of Excel remains a core part of US financial processes for all candidates. Though we have heard about the so-called death of Excel for a long time, it remains alive and kicking in the biggest companies in the world.”
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