{"id":269311,"date":"2025-07-03T05:29:01","date_gmt":"2025-07-03T05:29:01","guid":{"rendered":"https:\/\/imarticus.org\/blog\/?p=269311"},"modified":"2025-07-03T05:29:03","modified_gmt":"2025-07-03T05:29:03","slug":"top-10-advanced-excel-functions-every-analyst-should-know","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/top-10-advanced-excel-functions-every-analyst-should-know\/","title":{"rendered":"Top 10 Advanced Excel Functions Every Analyst Should Know"},"content":{"rendered":"\n

If you have met any financial analyst, you might have heard them either swear by Excel or tell you how much time they spend on that software. Excel has evolved itself to be the go-to tool for analysts as it\u2019s one of the best ones out there to handle large data sets, perform calculations (however complex they might be) and to even help with data visualisation. But many of us Excel novices may not think beyond the simple SUM<\/em><\/strong> or AVERAGE<\/em><\/strong> functions, Excel, however, is much more powerful than that. It can offer a whole range of advanced functions so that you can get deep insights and have lower errors.<\/p>\n\n\n\n

You might be someone who just knows the basic Excel functions but are also aware of how powerful Excel is and the advance functions of Excel. <\/p>\n\n\n\n

If you want to get a deep dive into Excel skills, a financial analysis course<\/a> could put you on the right track. But for now, let\u2019s take a look at the top 10 advance functions of Excel.<\/p>\n\n\n\n

Watch:<\/strong>\u00a0 Data Scientist vs Data Analyst – Which Is Right For You? (2025) I Imarticus Learning<\/strong><\/p>\n\n\n

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1. VLOOKUP and HLOOKUP<\/strong><\/h3>\n\n\n\n

Let\u2019s say you want to find a corresponding value in another column and you are dealing with a large dataset, what do you do? You can try to go for the VLOOKUP<\/em><\/strong> function. The function helps you look at a value of a vertical column and return a corresponding value from another column. Similarly, HLOOKUP<\/em><\/strong> works horizontally, looking through rows instead of columns.<\/p>\n\n\n\n

These advanced excel functions will really help out when you are working on datasets. Here\u2019s how VLOOKUP<\/em><\/strong> can be implemented:<\/p>\n\n\n\n

VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])<\/em><\/strong><\/p>\n\n\n\n

2. INDEX and MATCH<\/strong><\/h3>\n\n\n\n

VLOOKUP<\/em><\/strong> is useful, but it has limitations. For example, you will be only able to search the first column. In such a situation, INDEX<\/em><\/strong> and MATCH<\/em><\/strong>, can help, which, in combination offer more flexibility.<\/p>\n\n\n\n