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Top 10 Essential Excel Formulas for Analysts in 2023
Feb 19, 2023 4:00 PM

Top 10 Essential Excel Formulas for Analysts in 2023

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Learn the only Excel formulas you need as an Analyst in 2023 to get most things done.

In this video we go over 10 excel formulas you need as a business analysts,

financial analyst, or data analyst. The formulas are: iferror, concatenate,

string functions (left, mid, right), filter, edit, sumifs, xlookup, large/small,

sequence, and indexmatch. The types of formulas covered include data cleaning functions, date & time functions, lookup functions, and sum functions.

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3 Other top Excel Formulars

  1. VLOOKUP: This formula is used to search for a specific value in a column and return the related data from another column in the same row. It's an essential tool for analysts because it allows them to quickly find relevant data points that can be used in reports or calculations.
  1. SUMIFS: This formula adds up numbers based on multiple criteria, making it easy to calculate totals based on certain conditions such as date ranges, item types, etc.
  1. IFERROR: This is a great way to prevent errors by returning an alternate result when formulas encounter an error due to blank cells or invalid inputs.
  1. COUNTIFS & SUMPRODUCT: These two formulas are often used together; COUNTIFS counts the number of cells that meet given criteria while SUMPRODUCT multiplies corresponding values before adding them up (eg., calculating weighted averages).

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12 Most Useful Excel Functions for Data Analysis · 1. IF · 2. SUMIFS · 3. COUNTIFS · 4. TRIM · 5. CONCATENATE · 6. LEFT/RIGHT · 7. VLOOKUP · 8. IFERROR.