One of the most sought-after finance skills amongst leading employers
One of the most sought-after finance skills amongst leading employers
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What do financial services CEOs go through to get to where they are now? Read this post for additional insights
One of the most fundamental finance skills that nearly each financial services aspirant requires to establish should focus on their finance and economic expertise. Many people tend to believe 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 understand, the economic industry environment is interrelated, and each position within financial services needs you to understand the three main financial reports to a minimum of an intermediate degree. Businesses depend on these economic statements to manage budgeting, performance evaluation, and determine the expense of operations through the selection of the most appropriate economic investments that might comprise bonds, stocks and real estate. This is why you see numerous bankers, coverage analysts, or even wealth managers with a formal accountancy background, and that is primarily due to the foundational understanding accounting and finance can offer you prior to you specialise in your financial occupation.
Nowadays, among one of the most obvious hard skills in finance would definitely include your numerical skills. Numbers and data-driven information in general are the core of every finance career. As Ferdi van Heerden of Momentum Global Investment Managers would certainly understand, many banks often tend to hire 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 data sets that are filled with numerical data that you will require to evaluate, and being comfortable with numbers is absolutely a vital skill to have in this situation. One could suggest that even back-office roles that do not always involve data sets still require applicants to have some level of numerical or data-focused experience, and this once again reinstates the fact around numerical information being the cornerstone of each operation within a financial services sector organisation these days