Visual Basic for Applications (VBA)

More About Visual Basic for Applications

VBA is an event-driven tool, which means that you can use it to tell the computer to initiate an action or string of actions. To do this, you build custom macros — short for macroinstructions — by typing commands into an editing module.

A macro is essentially a sequence of characters whose input results in another sequence of characters (its output) that accomplishes specific computing tasks. You do not need to purchase the VBA software because VBA is the version of Visual Basic that ships with Microsoft Office 2010.

Visual Basic for Applications is the only version of VB 6 that is still sold and supported by Microsoft, and only as an internal component of Office programs. 

How Is VBA Used?

For Most of Us

Within MS Office applications, Visual Basic for Applications allows users to perform myriad functions that go beyond simple word processing and spreadsheet operations. For the typical user, VBA helps to make frequent everyday tasks less repetitive via macros.

Macros can automate just about any task — like generating customized charts and reports, and performing word- and data-processing functions. For example, you can write a macro that, with a single click, will make Excel create an entire balance sheet from a series of accounting entries in a spreadsheet.

For Computer Professionals

Programmers, however, use macros in more complex ways — like replicating large pieces of code, merging existing program functions, and designing specific languages.

For Companies and Organizations

VBA can also work in external — that is, non-Microsoft — settings by using a technology called COM interface**,** which allows commands to interact across computer boundaries. Many firms have implemented VBA within their own applications, both proprietary and commercial, including AutoCAD, ArcGIS, CATIA, Corel, raw, and SolidWorks.

Any firm may use VBA to customize Excel for a unique purpose, such as discerning how long it would take to earn $1 million in an investment portfolio based on a specific interest rate and other factors, like the number of years until retirement.

An Example of VBA in Financial Markets

How VBA Is Ubiquitous in Finance

At its core, finance is about manipulating huge amounts of data; hence, VBA is endemic to the financial services sector. If you work in finance, VBA is likely running within applications that you use each day, whether you're aware of it or not. Some jobs in the sector require prior knowledge of VBA, and some do not.

Either way, if you want to pursue a career in finance, it's important that you know the latest technological trends in your domain, and how to use automation in your day-to-day activities. Because VBA is user-intuitive, those with little or no computer programming knowledge can learn it easily.

Ways That Finance Professionals Use VBA