The most in-demand finance skills amongst leading employers

The most in-demand finance skills amongst leading employers

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What do financial services CEOs go through to get to where they are currently? Read this post for additional insights
One of the most fundamental finance skills that almost every single finance enthusiast needs to develop 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 likely understand, the economic industry environment is interrelated, and every role within finance requires you to understand the three main financial statements to at least an intermediate level. Companies depend on these economic reports to handle budgeting, performance evaluation, and plan for the cost of doing business with the choice of one of the most appropriate financial investments that may comprise bonds, equities and property. This is why you see many bankers, insurance analysts, and even asset managers coming from a formal accountancy background, and that is simply due to the essential understanding accounting and finance can give you prior to you focus in your financial career.
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 backbone of every financial services career. As Ferdi van Heerden of Momentum Global Investment Managers would understand, many financial institutions often tend to employ their graduates, trainees, or pupils from numerical degrees, such as maths, financial services, chemical engineering, and information technology. This is because, as an economic analyst, you are required to analyze lengthy data sets that are full of numerical data that you will likely need to analyze, and being comfortable with numbers is definitely a crucial tool to have in this case. One might argue that also back-office roles that do not necessarily include spreadsheets still call for candidates to have some sort of quantitative or analytical experience, and this again reinforces the point around quantitative data being the foundation of every process within an economic services organisation nowadays
One can quickly argue that soft skills in finance are as crucial as technical expertise. As Toby Raincock of Shard Capital would know, being client focused in a financial context 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 clients, acting as their partners, and making their concerns your own. The better your relationship is with the customer, the simpler your job will certainly be. Such relationship-building skills means that interaction skills are likewise crucial in the world of financial services, especially when it involves providing insights and guidance to customers. Additionally, you should likewise be able to adapt your style when interacting with various audiences, switching among internal and external stakeholders, depending upon their level of financial understanding and familiarity.