15 answers
Samuel
Student
DeQuincy, Louisiana
1
Question
Asked
1742 views
How can I get the skills I need for a good finance job?
I want to know how to get these skills and how to master them to peak developement.
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15 answers
Rebecca Tang
Banking
1816
Answers
Hong Kong
Updated
Rebecca’s Answer
Thank you for your question. I am glad to hear that you have interest to work in finance. In face there are many different jobs in finance. You may need to determine what you have interest.
Below are my suggestions:
1. Do you have interest to be investment banker, corporate banker, fund manager, fund accountant, trader, etc ? There are many finance related jobs. You can find out more online.
2. Find out more on these careers and determine what you have interest.
3. Speak to someone who are working in these careers. Seek guidance from your mentor, school career counselor, your parents, etc
4. Shortlist 1-2 careers you would like to pursue
5. Explore the entry criteria of relevant subjects in the college
Hope this helps! Good Luck!
Below are my suggestions:
1. Do you have interest to be investment banker, corporate banker, fund manager, fund accountant, trader, etc ? There are many finance related jobs. You can find out more online.
2. Find out more on these careers and determine what you have interest.
3. Speak to someone who are working in these careers. Seek guidance from your mentor, school career counselor, your parents, etc
4. Shortlist 1-2 careers you would like to pursue
5. Explore the entry criteria of relevant subjects in the college
Hope this helps! Good Luck!
Megan Simpson
Financial Operations
2
Answers
Round Rock, Texas
Updated
Megan’s Answer
In Finance, there are some hard skill/ technical skills that are relevant, but I think the most important skills to learn are soft skills.
Some hard skills include being proficient in Excel and being exposed to new technology (ex. Power BI). Also having some coding background would be helpful. These skills you can learn in college classes or you can take online courses.
Soft skills include communication, assertiveness, time management, detail-oriented. These skills you learn through experience and you can practice in everyday life.
Some hard skills include being proficient in Excel and being exposed to new technology (ex. Power BI). Also having some coding background would be helpful. These skills you can learn in college classes or you can take online courses.
Soft skills include communication, assertiveness, time management, detail-oriented. These skills you learn through experience and you can practice in everyday life.
Joseph Cronin
4
Answers
Updated
Joseph’s Answer
That's a fantastic question! I've just started my journey in the finance sector, and I can confidently say that computer and analytical abilities are crucial. Throughout my university years, I spent a significant amount of time mastering Excel and various other platforms. While they're all beneficial, I've noticed that most firms have their unique methods.
The optimal strategy is to hone your analytical abilities and gain a level of familiarity with a wide range of platforms. Younger employees are often relied upon by businesses to enhance or automate manual tasks and reports. Any additional insights or fresh viewpoints you can provide are always a plus, regardless of the format.
It's essential to understand how to read and interpret various data types so that you can offer that perspective from the get-go. I hope this advice proves useful to you!
The optimal strategy is to hone your analytical abilities and gain a level of familiarity with a wide range of platforms. Younger employees are often relied upon by businesses to enhance or automate manual tasks and reports. Any additional insights or fresh viewpoints you can provide are always a plus, regardless of the format.
It's essential to understand how to read and interpret various data types so that you can offer that perspective from the get-go. I hope this advice proves useful to you!
Daniel Zhuang
Financial Analyst
2
Answers
Framingham, Massachusetts
Updated
Daniel’s Answer
Hi Samuel,
Great question! My belief is that SOFT Skills always come before HARD skills. The most important thing that you can do is learning how to communicate with other people, work with others, and nurture a curious mindset. I know these skills can be hard to practice as I had trouble with these myself, but the most important thing I learned was that I had to find my own opportunities to practice, taking advantage of everything from part-time work to group projects in class. The most important opportunity you can unlock for yourself is building a network, whether it's meeting people at career fairs or reaching out to people through LInkedIn or your school's career site.
Yes, people will care if you're able to read financial statements or use Microsoft Excel, but truly good companies will teach you skills that are way more advanced than what you already know, so if you know the foundations, you're going to already be ahead of a lot people hunting for finance jobs! I wish you all the best in your career journey!
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Great question! My belief is that SOFT Skills always come before HARD skills. The most important thing that you can do is learning how to communicate with other people, work with others, and nurture a curious mindset. I know these skills can be hard to practice as I had trouble with these myself, but the most important thing I learned was that I had to find my own opportunities to practice, taking advantage of everything from part-time work to group projects in class. The most important opportunity you can unlock for yourself is building a network, whether it's meeting people at career fairs or reaching out to people through LInkedIn or your school's career site.
Yes, people will care if you're able to read financial statements or use Microsoft Excel, but truly good companies will teach you skills that are way more advanced than what you already know, so if you know the foundations, you're going to already be ahead of a lot people hunting for finance jobs! I wish you all the best in your career journey!
Daniel recommends the following next steps:
William Willinger
Financial Planning & Analysis
3
Answers
Fairfax, Virginia
Updated
William’s Answer
If possible, majoring in Finance or another relevant field such as Economics or Accounting is a great way to take relevant classes, learn, and establish credibility as someone looking to work in the field of Finance. The area is so vast with so many different opportunities that you are bound to find something that interests you. The specific skills will vary greatly depending on what area of finance you are in, but networking and knowing others that are in fields that interest you will help greatly. Also soft skills, such as communicating effectively, paying attention to detail, and learning how to write letters/emails will go a very long way.
Stefan Buckley
Finance Analyst
3
Answers
Round Rock, Texas
Updated
Stefan’s Answer
To excel in finance, there are several steps you can take. First, ensure you're good at math and grasp its concepts, as comprehending formulas is crucial to understanding and mastering finance. Then, there's a wide array of online classes or complimentary courses available to deepen your knowledge about finance and gain a clearer perspective of the business world. Lastly, to truly become adept, it's essential to put into practice and utilize the skills you've acquired. Remember, practice makes perfect!
Dwight Thomas
Consultant
11
Answers
Cedar Grove, New Jersey
Updated
Dwight’s Answer
Hi Samuel!
Thank you for your question! I would say there are many ways to best prepare yourself for a finance job. Prior to any courses or programs in involving finance, I would first recommend becoming proficient in Microsoft Excel. Many financial models and other financial exercises that can be seen on the job require high-use of Excel. This will not only make you more efficient at producing financial information when needed but also show future employers that they can rely on your technical skills as well. Aside from technical skills, it is important to stay up-to-date in current financial markets. You can stay current by reading the Wall Street Journal or New York Times to see how current financial and business problems arise and are solved. Additionally, I would advise to take courses involving investment theory, corporate finance, and financial accounting. By taking a wide array of courses along with the technical skills, you can best prepare your skillset to critically think through any financial problem that comes your way.
Thank you,
Dwight
Thank you for your question! I would say there are many ways to best prepare yourself for a finance job. Prior to any courses or programs in involving finance, I would first recommend becoming proficient in Microsoft Excel. Many financial models and other financial exercises that can be seen on the job require high-use of Excel. This will not only make you more efficient at producing financial information when needed but also show future employers that they can rely on your technical skills as well. Aside from technical skills, it is important to stay up-to-date in current financial markets. You can stay current by reading the Wall Street Journal or New York Times to see how current financial and business problems arise and are solved. Additionally, I would advise to take courses involving investment theory, corporate finance, and financial accounting. By taking a wide array of courses along with the technical skills, you can best prepare your skillset to critically think through any financial problem that comes your way.
Thank you,
Dwight
Pranav Vadrevu
Consulting - Risk, Finance
2
Answers
West Orange, New Jersey
Updated
Pranav’s Answer
To make your journey towards a career in finance more effective, it's essential to concentrate on developing core skills, including Math, Logical Reasoning, and Data Interpretation. When selecting your electives in school or college, engage in conversations with your teachers or professors about the classes that will best prepare you for a finance career. Identifying a specific role in finance can be challenging without firsthand experience. Therefore, it's more beneficial to focus on mastering fundamental skills and discovering your interests through a process of trial and error.
Stuart Reoch
Financial Analyst
6
Answers
Des Moines, Iowa
Updated
Stuart’s Answer
Hi Samuel, I would recommend that you work on both technical and soft skills. It would be helpful to be a master in Excel, or other spreadsheet software to better analyze data, which you will be doing a lot of in finance. In terms of soft skills, you should work on communicating ideas and building trust with people you work with. As a finance professional, sometimes you may not be the most popular person and will have to have tough conversations, so being able to do so effectively is crucial to your success.
James Dudley
Financial Analyst
1
Answer
Austin, Texas
Updated
James’s Answer
Hi Samuel,
There is a vast amount of finance jobs available, so I would first focus on which branch of finance you're seeking to pursue. These include corporate finance, banking, consulting, etc. The skills can be very different based on this distinction - However a universal skill set for finance roles will include:
-Attention to detail
-Business Acumen
-Technology skills
-Industry Research
-Soft Skills
-Strategic Thinking
There are a multitude of online resources and programs you could use to begin fostering these abilities - think Youtube, Google, Chap GPT, Excel, Powerpoint, etc. Mastery will come with time and a willingness to work hard. Hope this helps
There is a vast amount of finance jobs available, so I would first focus on which branch of finance you're seeking to pursue. These include corporate finance, banking, consulting, etc. The skills can be very different based on this distinction - However a universal skill set for finance roles will include:
-Attention to detail
-Business Acumen
-Technology skills
-Industry Research
-Soft Skills
-Strategic Thinking
There are a multitude of online resources and programs you could use to begin fostering these abilities - think Youtube, Google, Chap GPT, Excel, Powerpoint, etc. Mastery will come with time and a willingness to work hard. Hope this helps
Bryan Qian
Financial Analyst
5
Answers
Round Rock, Texas
Updated
Bryan’s Answer
Finance is an expansive and diverse career path with numerous aspects to master. To truly shine in this field, there are several areas you might focus on. First, boost your financial savvy. The more you understand about finance, the more you'll stand out. Second, aim to become more financially literate. This could involve reading up on finance news, familiarizing yourself with common finance jargon, and expanding your finance vocabulary. Lastly, enhance your proficiency in Excel, as it's a tool you'll likely use frequently. Remember, every step you take brings you closer to your goal. Best of luck on your journey!
Francisco Bejarano
Finance strategy
1
Answer
Guadalajara
Updated
Francisco’s Answer
First off, let's figure out the exact finance job that catches your interest. Once you've got that sorted out, you can start investigating the particular skills that job demands. If you realize you're not quite up to speed yet, no worries! Consider hopping onto some online courses to boost your skills and get you job-ready.
Lineth Gordon
Financial Analyst
2
Answers
Hopkinton, Massachusetts
Updated
Lineth’s Answer
You can actively incorporate financial concepts and practices into your everyday routine.
Jarod Jones
Financial Analyst
2
Answers
Round Rock, Texas
Updated
Jarod’s Answer
Hello Samuel,
If you are just starting out, I would recommend gaining a thorough understanding of Microsoft Excel and Financial Modeling as several have already suggested. Also, I would recommend that you begin to follow the markets and follow big deals/macroeconomic events that are affecting the financial markets today.
If you are a bit further down the road, I would recommend actually reaching out and networking with a diverse group of finance professionals. Finance is an incredibly broad field, and so while there is some overlap between skills, the actual work from profession to profession can look quite different. Are you interested in banking? accounting? tax? FP&A? By networking with professionals, you will be able to narrow in your focus and to identify which skills would benefit you the most.
Best of luck as you move towards your career in finance!
If you are just starting out, I would recommend gaining a thorough understanding of Microsoft Excel and Financial Modeling as several have already suggested. Also, I would recommend that you begin to follow the markets and follow big deals/macroeconomic events that are affecting the financial markets today.
If you are a bit further down the road, I would recommend actually reaching out and networking with a diverse group of finance professionals. Finance is an incredibly broad field, and so while there is some overlap between skills, the actual work from profession to profession can look quite different. Are you interested in banking? accounting? tax? FP&A? By networking with professionals, you will be able to narrow in your focus and to identify which skills would benefit you the most.
Best of luck as you move towards your career in finance!
Alireza Poostindooz
financial consultant
41
Answers
Isfahan, Isfahan Province, Iran
Updated
Alireza’s Answer
To acquire the skills needed for a successful career in finance, here are some steps you can take to develop and master those skills:
1️⃣ Academic Education: Pursue a degree in finance, accounting, economics, or a related field. A formal education will provide you with a foundational understanding of financial concepts and principles.
2️⃣ Continuous Learning: The field of finance is constantly evolving, so commit to lifelong learning. Stay updated on industry trends, read financial publications, and consider professional certifications like CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner).
3️⃣ Internships and Work Experience: Seek internships or part-time jobs in finance-related roles. This hands-on experience will give you practical exposure to real-world financial scenarios and help you develop crucial skills.
4️⃣ Analytical Skills: Finance requires strong analytical skills. Enhance your quantitative abilities by taking courses in mathematics, statistics, and data analysis. Practice problem-solving and critical thinking to excel in financial analysis.
5️⃣ Excel Proficiency: Master Microsoft Excel as it is a fundamental tool in finance. Learn functions, formulas, data manipulation techniques, and financial modeling. Online tutorials and courses can help you become proficient in Excel.
6️⃣ Communication and Presentation Skills: Develop strong written and verbal communication skills. Finance professionals often need to explain complex concepts clearly to clients or colleagues. Take courses, join public speaking clubs, and practice presenting your ideas effectively.
7️⃣ Networking: Build a strong professional network by attending industry events, joining finance-related groups or associations, and connecting with professionals on platforms like LinkedIn. Networking can provide valuable insights, mentorship, and career opportunities.
8️⃣ Technology Competence: Familiarize yourself with financial software and tools such as Bloomberg Terminal, financial modeling software, and data analysis platforms. Stay updated on emerging technologies relevant to finance, such as blockchain or machine learning.
9️⃣ Attention to Detail: Develop a keen eye for detail, as accuracy is crucial in financial analysis. Practice reviewing financial statements, data, and reports to enhance your attention to detail.
🔟 Seek Mentorship: Find a mentor who is experienced in the finance field. They can guide you, provide advice, and share their practical knowledge and experiences.
Remember, mastery in any field takes time and consistent effort. Embrace a growth mindset, seek feedback, and actively seek opportunities to apply and refine your skills. Good luck as you pursue a successful finance career! 💼💰
1️⃣ Academic Education: Pursue a degree in finance, accounting, economics, or a related field. A formal education will provide you with a foundational understanding of financial concepts and principles.
2️⃣ Continuous Learning: The field of finance is constantly evolving, so commit to lifelong learning. Stay updated on industry trends, read financial publications, and consider professional certifications like CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner).
3️⃣ Internships and Work Experience: Seek internships or part-time jobs in finance-related roles. This hands-on experience will give you practical exposure to real-world financial scenarios and help you develop crucial skills.
4️⃣ Analytical Skills: Finance requires strong analytical skills. Enhance your quantitative abilities by taking courses in mathematics, statistics, and data analysis. Practice problem-solving and critical thinking to excel in financial analysis.
5️⃣ Excel Proficiency: Master Microsoft Excel as it is a fundamental tool in finance. Learn functions, formulas, data manipulation techniques, and financial modeling. Online tutorials and courses can help you become proficient in Excel.
6️⃣ Communication and Presentation Skills: Develop strong written and verbal communication skills. Finance professionals often need to explain complex concepts clearly to clients or colleagues. Take courses, join public speaking clubs, and practice presenting your ideas effectively.
7️⃣ Networking: Build a strong professional network by attending industry events, joining finance-related groups or associations, and connecting with professionals on platforms like LinkedIn. Networking can provide valuable insights, mentorship, and career opportunities.
8️⃣ Technology Competence: Familiarize yourself with financial software and tools such as Bloomberg Terminal, financial modeling software, and data analysis platforms. Stay updated on emerging technologies relevant to finance, such as blockchain or machine learning.
9️⃣ Attention to Detail: Develop a keen eye for detail, as accuracy is crucial in financial analysis. Practice reviewing financial statements, data, and reports to enhance your attention to detail.
🔟 Seek Mentorship: Find a mentor who is experienced in the finance field. They can guide you, provide advice, and share their practical knowledge and experiences.
Remember, mastery in any field takes time and consistent effort. Embrace a growth mindset, seek feedback, and actively seek opportunities to apply and refine your skills. Good luck as you pursue a successful finance career! 💼💰