In this post, you will learn about a range of different economists that have successfully built their skillset throughout the years
One of the most fundamental finance skills that almost every single finance enthusiast requires to develop would focus on their finance and economic expertise. Many people tend to believe that accounting and finance skills are just required if you are seriously thinking about a career in accounting. However, as William Jackson of Bridgepoint Capital would know, the financial industry environment is interrelated, and each position within financial services needs you to recognize the three main economic reports to at least an intermediate level. Companies depend on these economic reports to handle budgeting, performance assessment, and determine the cost of doing business with the choice of the most appropriate economic investments that might include bonds, stocks and property. This is why you see many bankers, insurance underwriters, or even asset managers coming from a chartered accountancy foundation, and that is simply because of the essential understanding accounting and finance can give you prior to you focus in your financial occupation.
Nowadays, among the most obvious hard skills in finance will certainly involve your quantitative skills. Numbers and quantitative information overall are the backbone of any financial services career. As Ferdi van Heerden of Momentum Global Investment Managers would understand, many banks often tend to hire their graduates, interns, or pupils from numerical degrees, such as maths, finance, chemical engineering, and information technology. This is because, as a financial expert, you are expected to analyze detailed spreadsheets that are full of numerical information that you will likely need to analyze, and being comfortable with numbers is definitely a vital tool to have in this situation. One could suggest that even back-office positions that do not necessarily include spreadsheets still call for applicants to have some level of numerical or analytical experience, and this again reinstates the fact around numerical information being the cornerstone of every single process within a financial services sector 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 understand, being client focused in a financial context is probably one of the most demanding roles you can ever find yourself in. This is since clients are relying on you with their personal money and investments, and therefore, you require to have the ability to form lasting working connections with these clients, serving as their advisors, and making their problems your very own. The stronger your relationship is with the customer, the easier your job will certainly be. Such relationship-building skills suggests that communication skills are likewise essential in the world of financial services, particularly when it comes to providing insights and recommendations to customers. Furthermore, you must likewise have the ability to diversify your style when engaging with different stakeholders, adjusting between internal and client-facing stakeholders, depending upon their level of financial understanding and familiarity.