What do financial industry leaders go through to get to where they are currently? Read this post to learn more
One of one of the most fundamental finance skills that virtually every finance aspirant requires to develop should focus on their accounting and financial expertise. A lot of people tend to believe that accounting and finance skills are just needed if you are seriously thinking about a career in accountancy. However, as William Jackson of Bridgepoint Capital would understand, the financial industry world is interrelated, and every single position within financial services requires you to understand the 3 main economic reports to at least an intermediate degree. Companies depend on these financial reports to handle budgeting, efficiency evaluation, and plan for the expense of doing business with the selection of one of the most appropriate economic investments that may comprise bonds, stocks and property. This is why you see numerous finance professionals, insurance analysts, or even asset advisors coming from a formal accounting foundation, and that is primarily because of the essential understanding accounting and financial services can give you prior to you specialise in your economic career.
Nowadays, among the most obvious hard skills in finance will certainly include your numerical abilities. Numbers and quantitative data overall are the backbone of every finance occupation. As Ferdi van Heerden of Momentum Global Investment Managers would understand, numerous financial institutions often tend to hire their graduates, trainees, or pupils from numerical fields, such as maths, finance, chemical engineering fields, and computer science. This is because, as an economic analyst, you are expected to analyze lengthy data sets that are filled with quantitative data that you will require to evaluate, and being comfortable with numbers is absolutely an essential tool to have in this situation. One could argue that also back-office positions that do not necessarily include spreadsheets still require candidates to have some level of numerical or analytical experience, and this again reinstates the point around quantitative information being the foundation of every single process within an economic services organisation these days