One of the most sought-after finance skills amongst top employers

One of the most sought-after finance skills amongst top employers

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In this article, you will find a variety of various economists that have successfully built their skillset throughout the years
Among one of the most fundamental finance skills that virtually every single finance enthusiast needs to develop would revolve around their accounting and financial knowledge. A lot of people often tend to believe that accounting and finance skills are only needed if you are actually considering a career in accounting. However, as William Jackson of Bridgepoint Capital would know, the financial services world is interconnected, 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 oversee budgeting, performance assessment, and determine the cost of doing business through the selection of the most appropriate financial investments that may include bonds, stocks and real estate. This is why you see numerous bankers, insurance underwriters, or even wealth managers coming from a chartered accountancy foundation, which is primarily due to the essential understanding accountancy and financial services can offer you prior to you focus in your economic career.
Nowadays, one of the most obvious hard skills in finance would certainly involve your numerical skills. Numbers and data-driven information overall are the core of every finance career. As Ferdi van Heerden of Momentum Global Investment Managers would know, many banks often tend to employ their interns, interns, or apprentices from numerical degrees, such as mathematics, financial services, chemical engineering fields, and information technology. This is because, as an economic analyst, you are expected to go through lengthy data sets that are full of quantitative data that you will likely need to evaluate, and being comfortable with numbers is absolutely a crucial skill to have in this situation. One might argue that even back-office roles that do not always include spreadsheets still require applicants to have some level of quantitative or data-focused experience, and this again reinstates the point around quantitative information being the cornerstone of every single process within an economic services sector organisation nowadays
One can quickly argue that soft skills in finance are as important as technical expertise. As Toby Raincock of Shard Capital would know, being customer focused in a financial setting is possibly one of the most challenging roles you can ever find yourself in. This is since customers are entrusting you with their own funds and investments, and therefore, you need to have the ability to build lasting working relationships with these customers, serving as their partners, and making their problems your very own. The better your relationship is with the client, the simpler your role will be. Such relationship-building skills suggests that interaction skills are also essential in the world of finance, particularly when it involves delivering insights and guidance to customers. Additionally, you should likewise be able to diversify your approach when interacting with different stakeholders, adjusting between internal-facing and client-facing stakeholders, depending on their level of economic literacy and familiarity.