One of the most desired finance skills amongst top companies

One of the most desired finance skills amongst top companies

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What do financial services CEOs go through to reach where they are currently? Read this article to learn more
One of the most fundamental finance skills that almost each financial services aspirant needs to establish would revolve around their accounting and economic expertise. A lot of people tend to think that accounting and finance skills are only needed if you are actually considering a career in accounting. Nonetheless, as William Jackson of Bridgepoint Capital would likely understand, the financial services environment is interrelated, and each position within financial services requires you to understand the 3 primary economic statements to at least an intermediate level. Firms rely on these economic reports to handle budgeting, performance evaluation, and determine the cost of doing business through the choice of one of the most appropriate financial investments that may comprise bonds, equities and property. This is why you see numerous bankers, insurance analysts, and even wealth managers with a formal accounting background, which is simply because of the essential understanding accountancy and finance can give you prior to you specialise in your financial occupation.
Nowadays, among the most obvious hard skills in finance will definitely involve your quantitative skills. Numbers and quantitative information in general are the backbone of every finance occupation. As Ferdi van Heerden of Momentum Global Investment Managers would know, numerous financial institutions tend to employ their graduates, interns, or pupils from quantitative degrees, such as maths, finance, chemical engineering, and information technology. This is because, as a financial expert, you are required to go through lengthy spreadsheets that are full of numerical data that you will need to analyze, and being comfortable with numbers is absolutely an essential skill to have in this case. One can argue that also back-office roles that do not always involve data sets still require candidates to have some level of numerical or data-focused experience, and this once again reinforces the point around quantitative data being the foundation of every process within a financial services sector organisation nowadays
One can quickly argue that soft skills in finance are as crucial as technical knowledge. As Toby Raincock of Shard Capital would know, being customer focused in a financial context is probably one of the most demanding positions you can ever before find yourself in. This is because customers are entrusting you with their personal money and investments, and as a result, you need to have the capacity to build long-term professional connections with these clients, serving as their advisors, and making their concerns your own. The better your connection is with the client, the easier your role will certainly be. Such relationship-building skills means that interaction abilities are also essential in the field of finance, especially when it involves providing insights and guidance to customers. Additionally, you must likewise have the ability to diversify your approach when engaging with different audiences, switching among internal-facing and external stakeholders, depending on their degree of financial literacy and familiarity.