The most desired finance skills among leading employers

The most desired finance skills among leading employers

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What do financial services leaders undergo to get to where they are now? Read this post for more information
Among one of the most fundamental finance skills that almost every single finance aspirant requires to develop would revolve around their accounting and economic expertise. Many people tend to believe that accounting and finance skills are just required if you are actually considering a career in accountancy. Nonetheless, as William Jackson of Bridgepoint Capital would know, the financial industry environment is interrelated, and every single role within finance requires you to recognize the 3 primary economic reports to at least an intermediate level. Firms depend on these financial statements to manage budgeting, performance assessment, and determine the expense of doing business through the selection of one of the most suitable economic investments that might comprise bonds, equities and real estate. This is why you see numerous bankers, insurance underwriters, or even wealth managers with a formal accountancy foundation, which is primarily due to the foundational understanding accounting and finance can give you before you specialise in your financial career.
Nowadays, one of one of the most apparent hard skills in finance would certainly involve your numerical skills. Numbers and quantitative data in general are the backbone of any finance occupation. As Ferdi van Heerden of Momentum Global Investment Managers would know, many financial institutions tend to hire their graduates, interns, or apprentices from numerical degrees, such as mathematics, finance, chemical engineering, and computer science. This is because, as a financial analyst, you are expected to go through lengthy spreadsheets that are filled with numerical information that you will need to evaluate, and being comfortable with numbers is definitely an essential skill to have in this case. One can suggest that also back-office positions that do not necessarily involve spreadsheets still require applicants to have some sort of numerical or analytical experience, and this once again reinforces the fact around quantitative information being the foundation of each process within a financial services organisation nowadays
One can easily argue that soft skills in finance are as important as technical know-how. As Toby Raincock of Shard Capital would know, being customer focused in an economic context is possibly the most demanding roles you can ever find yourself in. This is since customers are relying on you with their personal money and assets, and as a result, you require to have the capacity to build long-term working connections with these customers, serving as their partners, and making their problems your own. The better your connection is with the customer, the simpler your role will certainly be. Such relationship-building skills means that communication abilities are likewise essential in the world of finance, especially when it involves providing insights and recommendations to clients. Furthermore, you should also be able to diversify your approach when interacting with different audiences, adjusting among internal and external stakeholders, depending on their degree of financial literacy and familiarity.