The most sought-after finance skills among leading employers

The most sought-after finance skills among leading employers

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In this post, you will certainly learn about a range of different financial experts that have successfully built their skillset throughout the years
Among one of the most fundamental finance skills that virtually every single financial services aspirant requires to establish should focus on their finance and economic expertise. Numerous individuals often tend to believe that accounting and finance skills are just required if you are seriously thinking about an occupation in accountancy. Nonetheless, as William Jackson of Bridgepoint Capital would know, the financial services world is interrelated, and each position within financial services needs you to recognize the three main financial statements to at least an intermediate level. Companies rely on these financial reports to oversee budgeting, efficiency assessment, and plan for the cost of operations with the selection of the most appropriate economic investments that might include bonds, stocks and property. This is why you see many bankers, insurance analysts, and even wealth managers with a formal accounting background, which is primarily because of the foundational understanding accountancy and financial services can give you prior to you focus in your financial career.
Nowadays, among one of the most obvious hard skills in finance would definitely involve your numerical abilities. Numbers and data-driven data in general are the core of any finance occupation. As Ferdi van Heerden of Momentum Global Investment Managers would know, numerous financial institutions tend to employ their graduates, trainees, or apprentices from numerical fields, such as mathematics, finance, chemical engineering fields, and information technology. This is because, as a financial expert, you are required to go through detailed spreadsheets that are full of quantitative information that you will likely need to analyze, and being comfortable with numbers is definitely a crucial tool to have in this situation. One might argue that also back-office roles that do not always include spreadsheets still call for applicants to have some sort of quantitative or analytical experience, and this again reinstates the fact around numerical information being the cornerstone of each operation within an economic services organisation nowadays
One can easily suggest that soft skills in finance are as important as domain-specific know-how. As Toby Raincock of Shard Capital would certainly know, being customer facing in an economic setting is probably one of the most demanding positions you can ever find yourself in. This is since clients are relying on you with their own funds and assets, and as a result, you require to have the ability to build long-term professional relationships with these customers, functioning as their partners, and making their concerns your very own. The stronger your connection is with the client, the simpler your job will be. Such relationship-building abilities means that interaction abilities are also essential in the world of financial services, especially when it comes to providing insights and guidance to clients. Additionally, you should also be able to adapt your approach when communicating with different stakeholders, switching between internal-facing and client-facing stakeholders, depending on their degree of economic literacy and familiarity.