40 answers
Mateo
Student
Eugene, Oregon
1
Question
Asked
1698 views
What is the most prevalent trait in successful businesspeople in the finance sector??
I am a freshman finance major who is going to be interning as a treasury intern this summer.
40 answers
Lisa Ittner, MBA
Marketing and Business Development and Team Leader
1
Answer
Houston, Texas
Updated
Lisa’s Answer
A good question! And I agree with all of the above, but might add something a little bit different. Be CURIOUS! The more you strive to understand different perspectives, the more you want to understand the "why behind the why", the more you want to understand what makes people tick....all of this is an informal education in itself. I found that curious people are more informed than their peers and thus successful!
Matt Moscatello
Tax Consultant
1
Answer
Tempe, Arizona
Updated
Matt’s Answer
Hi Mateo! I'd say you've already got a good start considering you are willing to reach out and communicate with others. To put it simply, I think the most important trait for a financial professional to possess is a solid business acumen. Finance is an extremely broad subject matter and encompasses several fields including: accounting, economics, and statistics. However, without a fundamental understanding of what business is and why consumers and producers even bother conducting business is crucial to have a successful career as financial professional. To accomplish a well rounded knowledge base I would suggest immersing yourself in as much business news and literature as possible. Choose a topic that interests you and if you can't find something just consider your daily life and your personal interactions with businesses as a starting point. From there, taking your business and specifically finance courses should help engrain the underlying mechanics and nuanced aspects of finance in general. It takes years to learn and understand everything that the general finance field has to offer and even then a vast majority of financial professionals usually only practice 1-10% of the total material you might typically learn during a finance undergraduate program. All the best!
Consider reading news articles and staying up to date on business activities
Adjust to your courses and hone your abilities within one, or a few, broad subject matters
Connect with individuals within the field of your choosing
Apply to positions that align with your skills and interests
Continue learning on the fast evolving world of finance
Matt recommends the following next steps:
Alexandra Hawk
Auditor
6
Answers
Los Angeles, California
Updated
Alexandra’s Answer
Hi Mateo,
I have worked with a lot of interns during my time at Deloitte. I would say the best qualities of interns I have worked with include being on time, having a positive attitude, and a willingness to take on new projects. As an intern, it is more about your attitude than your technical capabilities. We do not expect our interns to be auditing geniuses but we do expect them to have a good attitude and be pleasant to work with.
Good luck with your internship!
I have worked with a lot of interns during my time at Deloitte. I would say the best qualities of interns I have worked with include being on time, having a positive attitude, and a willingness to take on new projects. As an intern, it is more about your attitude than your technical capabilities. We do not expect our interns to be auditing geniuses but we do expect them to have a good attitude and be pleasant to work with.
Good luck with your internship!
Sarah Lee
Consultant
3
Answers
New York, New York
Updated
Sarah’s Answer
I would say what separates successful individuals in any industry are their communication skills as well as humility. Being able to communicate in various situations is such an important skill - not only making sure you get your point across, but also ensuring that the other party has understood your point as you intended. Avoiding miscommunications will save you so much time and energy in the long run. Humility is another trait I see in individuals I admire - their acknowledgement that there is always something new to learn, either from constant innovations in our world or from the different people you work with throughout your career, this openness to new perspectives will make you a better leader.
Keiana Webb
Lead Financial Analyst
2
Answers
Indianapolis, Indiana
Updated
Keiana’s Answer
Hi Mateo, I think what makes a person successful in the Finance sector is truly the desire to tell stories through numbers. Rather it be visualization, data interpretation, researching financial variances, etc. Alot of times dealing with a vast amount of data requires patience, diligence, and again the desire to work with people and numbers. You have to understand you'll be working on fast, tight deadlines. And if you are servicing Finance Business Partners, the data you are complying will be critical in helping business partners make imperative financial decisions. No pressure :) but understand it's a lot of hard work and sometimes long hours. However, the professional payoff is astounding.
Tom Sweeney
Engagement Financial Advisor
1
Answer
Brookhaven, Georgia
Updated
Tom’s Answer
Hello! This is a great question, but if you ask 100 people you might get 50 different answers. In my opinion, you must have a lot of attention to detail. This is true for every level and sector within finance, from analyst to managing director. When it comes to financial analysis, attention to detail is the way that you will be able to recognize and act on different problems that will inevitably arise. Whether that is noticing a typo/issue within a spreadsheet/dataset or recognizing a trend in your financial statements.
The other thing that I believe allows you to climb the ladder within Finance is people skills. Finance is a quantitative industry, and good quantitative skills are a prerequisite to enter. What separates a senior manager or director from an analyst is their ability to relay the information to others who may not be very good at understanding finance. Think of yourself as a translator, who may be explaining your findings to someone who is not financially savvy. I have found that people skills are rarely found but always appreciated within an industry like Finance.
Work hard on yourself, your job, and always be available. Remember that your managers and colleagues were once in your shoes, they are willing to help if you are willing to learn. Take pride in your work and begin to build your brand Mateo!
I am sure that you are going to kill it in your internship this summer. Go get after it!
The other thing that I believe allows you to climb the ladder within Finance is people skills. Finance is a quantitative industry, and good quantitative skills are a prerequisite to enter. What separates a senior manager or director from an analyst is their ability to relay the information to others who may not be very good at understanding finance. Think of yourself as a translator, who may be explaining your findings to someone who is not financially savvy. I have found that people skills are rarely found but always appreciated within an industry like Finance.
Work hard on yourself, your job, and always be available. Remember that your managers and colleagues were once in your shoes, they are willing to help if you are willing to learn. Take pride in your work and begin to build your brand Mateo!
I am sure that you are going to kill it in your internship this summer. Go get after it!
Tom Bibby
Work with Companies experiencing financial distress or liquidity issues
1
Answer
Dallas, Texas
Updated
Tom’s Answer
Excellent Query: Embarking on a new job or career path? Here are some straightforward suggestions to help you shine: Always be punctual, preferably arriving 5 minutes early for any meeting or call. Maintain a positive mindset - it's contagious! Prioritize active listening - it's key to understanding. Present yourself in a neat, professional manner - first impressions are crucial. Don't hesitate to ask for clarification if something is unclear. Treat everyone with respect. Remember to smile and relish this exciting opportunity!
Rachel Welch
1
Answer
St. Louis, MO
Updated
Rachel’s Answer
I think the biggest strength of a businessperson in general is critical thinking skills. The ability to think through a particular issue at hand and suggest solutions.
Liz Strohbehn
Consultant
5
Answers
Ann Arbor, Michigan
Updated
Liz’s Answer
For folks who have been in the finance sector for their whole career, an expert understanding of foundational finance and accounting topics is a key trait. It takes time to develop this, so in preparation for your internship this summer, plan to listen and learn as much as you can from those around you. Keep a running list of topics and terms that you’re not sure about and look them up in your free time. Ask questions and try to apply what you’ve learned from earlier in your internship.
Deepti Sanghvi
Finance & Enterprise Performance Consulting
7
Answers
Seattle, Washington
Updated
Deepti’s Answer
Be flexible and open to working on different things
Get comfortable with being uncomfortable
Learn to work with mental frameworks and use that for problem solving
Simplify a thought or question to its core and build way to work through the puzzle
Make decisions; dont be a perfectionist. Perfecting last 2% can take 80% more time.
Learn new things and also learn to unlearn.
Get comfortable with being uncomfortable
Learn to work with mental frameworks and use that for problem solving
Simplify a thought or question to its core and build way to work through the puzzle
Make decisions; dont be a perfectionist. Perfecting last 2% can take 80% more time.
Learn new things and also learn to unlearn.
Nick Delis
Audit Analytics Specialist
15
Answers
McLean, Virginia
Updated
Nick’s Answer
This is an excellent question! I am a believer that one of the best ways to succeed in finance is to ask questions. Finance is an incredibly fast-paced job that can change on a moments notice. By keeping close touch with your senior associates and asking them many questions as novel situations arise, you will be able to understand better your role and add value. I remember when I started my first jobs, I thought that I was bugging my associates too much with simple questions. In reality, I learned that overcommunicating is so much better than not communicating, because it helps your peers know that your passionate about your job and that you have a drive to learn. Eventually, once you've asked so many questions you become an expert on the subject, then you will begin answering the questions of the next intern that will take your place!
Jonathan L. Gutierrez
Consulting - IT SOX
5
Answers
Dallas, Texas
Updated
Jonathan L.’s Answer
he most prevalent trait in successful businesspeople in the finance sector is adaptability. This trait is crucial due to the dynamic nature of the finance industry, which is constantly influenced by global economic conditions, regulatory changes, and technological advancements. Successful finance professionals are those who can quickly adapt to new situations, learn continuously, and apply their knowledge to solve complex problems and capitalize on new opportunities. Here’s a breakdown of why adaptability is so vital:
Key Aspects of Adaptability in Finance
- Navigating Regulatory Changes
- Technological Proficiency
- Innovative Problem Solving
While adaptability is critical, other supporting traits include:
- Analytical Skills: Strong ability to analyze data and economic trends to make informed decisions.
- Ethical Judgment: Maintaining integrity and ethical standards in all dealings, crucial in building trust in finance.
- Communication Skills: Effective communication is essential for explaining complex financial concepts and building relationships with clients and stakeholders.
Key Aspects of Adaptability in Finance
- Navigating Regulatory Changes
- Technological Proficiency
- Innovative Problem Solving
While adaptability is critical, other supporting traits include:
- Analytical Skills: Strong ability to analyze data and economic trends to make informed decisions.
- Ethical Judgment: Maintaining integrity and ethical standards in all dealings, crucial in building trust in finance.
- Communication Skills: Effective communication is essential for explaining complex financial concepts and building relationships with clients and stakeholders.
Abeer Asar
Business Valuations Analyst
2
Answers
New York, New York
Updated
Abeer’s Answer
Hello Mateo! I believe a key few traits that are most prevalent are:
1. Adaptability - Successful finance professionals can quickly adapt to any change that comes their way as we all know how volatile the world can be.
2. Problem solving - Going off of point #1, being able to find creative and niche solutions to problems that arise will help set you apart from others.
3. Time management - With only 24 hours in a day, it is crucial to utilize every minute efficiently so planning out your day is a necessary skill to have to become successful.
4. Communication/Team building skills - Nothing matters if you cannot get along with people. Becoming successful isn't a one man job, it requires help from others and learning how to communicate with people will take you far.
5. Continuous learning - You should have always have intellectual curiosity and should be committed to learning.
1. Adaptability - Successful finance professionals can quickly adapt to any change that comes their way as we all know how volatile the world can be.
2. Problem solving - Going off of point #1, being able to find creative and niche solutions to problems that arise will help set you apart from others.
3. Time management - With only 24 hours in a day, it is crucial to utilize every minute efficiently so planning out your day is a necessary skill to have to become successful.
4. Communication/Team building skills - Nothing matters if you cannot get along with people. Becoming successful isn't a one man job, it requires help from others and learning how to communicate with people will take you far.
5. Continuous learning - You should have always have intellectual curiosity and should be committed to learning.
Karina Primavera
Procurement
4
Answers
Ridgefield, Connecticut
Updated
Karina’s Answer
Great question! Curiosity, asking questions, being open to new experiences and learning from your colleagues.
Matthew Snyder
Consulting
2
Answers
Lakewood, Ohio
Updated
Matthew’s Answer
Hello Mateo, you've posed an excellent query. In my opinion, curiosity is the key ingredient, particularly for those embarking on their professional journey. This is applicable to numerous fields, but it holds particularly true for Corporate Finance. The routine nature of tasks in Treasury or other Corporate Finance roles, such as monthly or quarterly reporting, may tempt you to just go through the motions. However, the most successful Finance professionals I've encountered have an extraordinary curiosity about even the simplest tasks. They instinctively ask "why?" and delve deeper for the sake of understanding. This approach often leads to discovering ways to add value or improve processes that others have simply accepted as the status quo. Finance is a vast field with much to learn. As long as you keep your curiosity alive and continue to question, you will keep expanding your knowledge and distinguishing yourself. Moreover, embrace change and strive for improvement. I believe this is what differentiates an outstanding Finance professional from an average one and will significantly boost your career trajectory.
Bill Schlich
Consulting
4
Answers
New York, New York
Updated
Bill’s Answer
Hi Mateo, I think as an incoming intern in the finance sector or really any sector, there a few keys to making it a successful experience. The first is to come in and work hard. Take the tasks that are assigned to you and run with them. People always notice who the hardest workers are and notice people who take things off their plate and make their life easier. Also, treat every opportunity as a learning opportunity. There will be ups and downs, but everything you get to experience will only be beneficial in the long run.
Adna Tipura
Tax Consultant
4
Answers
Parker, Colorado
Updated
Adna’s Answer
Hi Mateo! I agree with all the responses you have received thus far. I would add "discipline" as a core trait prevalent in successful people. Think about actions you could take to elevate yourself; you will need discipline in all of them. For example, right now you're in college and discipline will look different than in the rest of your life; you can practice waking up early, eating nutritious food, adding working out to your daily routine, getting assignments in on time, preparing for class presentations, etc. If you can practice these items for a few years, you'll be able to follow any plan you have after college.
Olivia Kinney
Product Manager
2
Answers
Denver, Colorado
Updated
Olivia’s Answer
Hello Matteo,
Just like many others here, I'm impressed by your initiative in seeking advice - it's a great start!
When I picture the perfect intern, a few key qualities come to mind:
1. Someone who's open to EXPERIMENTING. Remember, you're only in this role for a short while. Even if you feel it's not the perfect fit, I'd urge you to stick with it and discover what you can learn. I've noticed many interns throw in the towel too soon, without really experiencing the role. At the very least, you'll gain a better understanding of what you'd like to do after graduation. For example, you might realize you prefer working remotely, or that you enjoy being part of a larger or smaller team or company!
2. Someone who takes INITIATIVE. During your internship, you'll likely be assigned a project or specific tasks. Embrace these responsibilities and guide them towards success! If you find yourself stuck, try to think, "What would my manager do next?". If you're still unsure, don't hesitate to arrange a meeting with your manager and ask questions. One thing that really bothers me is when interns are struggling with a task but don't ask for help. Then, when the deadline arrives, they haven't made any progress because they were too nervous to ask.
3. Someone who PARTICIPATES. Attend the social events and team outings! A significant part of an internship is figuring out if you could envision yourself working there, so make sure to dip your toes in the water! Plus, these outings often provide valuable insights into the company's inner workings.
So, keep these points in mind, and I'm sure you'll make the most of your internship!
Just like many others here, I'm impressed by your initiative in seeking advice - it's a great start!
When I picture the perfect intern, a few key qualities come to mind:
1. Someone who's open to EXPERIMENTING. Remember, you're only in this role for a short while. Even if you feel it's not the perfect fit, I'd urge you to stick with it and discover what you can learn. I've noticed many interns throw in the towel too soon, without really experiencing the role. At the very least, you'll gain a better understanding of what you'd like to do after graduation. For example, you might realize you prefer working remotely, or that you enjoy being part of a larger or smaller team or company!
2. Someone who takes INITIATIVE. During your internship, you'll likely be assigned a project or specific tasks. Embrace these responsibilities and guide them towards success! If you find yourself stuck, try to think, "What would my manager do next?". If you're still unsure, don't hesitate to arrange a meeting with your manager and ask questions. One thing that really bothers me is when interns are struggling with a task but don't ask for help. Then, when the deadline arrives, they haven't made any progress because they were too nervous to ask.
3. Someone who PARTICIPATES. Attend the social events and team outings! A significant part of an internship is figuring out if you could envision yourself working there, so make sure to dip your toes in the water! Plus, these outings often provide valuable insights into the company's inner workings.
So, keep these points in mind, and I'm sure you'll make the most of your internship!
Prahlad Sethuraman
Consultant
1
Answer
Dallas, Texas
Updated
Prahlad’s Answer
I think the most important traits to be successful are:
1) showing the curiosity to always explore and learn
2) positive mindset and attitude
3) being a team player (and being good with collaboration)
4) spontaneity
5) excellent verbal and communication skills
6) structured/logical thinking to solving a problem
1) showing the curiosity to always explore and learn
2) positive mindset and attitude
3) being a team player (and being good with collaboration)
4) spontaneity
5) excellent verbal and communication skills
6) structured/logical thinking to solving a problem
Garrett Rattle
1
Answer
Updated
Garrett’s Answer
Adaptability
Team Player
Think outside the box
Proactive communication / asking questions
Willingness to work hard
Team Player
Think outside the box
Proactive communication / asking questions
Willingness to work hard
Jonathan L. Gutierrez
Consulting - IT SOX
5
Answers
Dallas, Texas
Updated
Jonathan L.’s Answer
The most prevalent trait in successful businesspeople in the finance sector is adaptability. This trait is crucial due to the dynamic nature of the finance industry, which is constantly influenced by global economic conditions, regulatory changes, and technological advancements. Successful finance professionals are those who can quickly adapt to new situations, learn continuously, and apply their knowledge to solve complex problems and capitalize on new opportunities. Here’s a breakdown of why adaptability is so vital:
Key Aspects of Adaptability in Finance
- Navigating Regulatory Changes
- Technological Proficiency
- Innovative Problem Solving
While adaptability is critical, other supporting traits include:
- Analytical Skills: Strong ability to analyze data and economic trends to make informed decisions.
- Ethical Judgment: Maintaining integrity and ethical standards in all dealings, crucial in building trust in finance.
- Communication Skills: Effective communication is essential for explaining complex financial concepts and building relationships with clients and stakeholders.
Key Aspects of Adaptability in Finance
- Navigating Regulatory Changes
- Technological Proficiency
- Innovative Problem Solving
While adaptability is critical, other supporting traits include:
- Analytical Skills: Strong ability to analyze data and economic trends to make informed decisions.
- Ethical Judgment: Maintaining integrity and ethical standards in all dealings, crucial in building trust in finance.
- Communication Skills: Effective communication is essential for explaining complex financial concepts and building relationships with clients and stakeholders.
clayton bollen
5
Answers
Updated
clayton’s Answer
Hello Mateo,
1. Having a Dream (Vision): Successful business people know exactly what they want to achieve. They have a dream, and they're determined to make it happen.
2. Bouncing Back (Resilience): Business can be tough, with lots of ups and downs. The best business people don't let the hard times get them down. They pick themselves up and keep going.
3. Big Picture Thinking (Strategic Thinking): Successful business people always think ahead. They can see how today's decisions will affect their business in the future, and they plan accordingly.
4. Good at Talking and Listening (Strong Communication): In business, you need to be able to explain your ideas clearly and convince people to agree with you. But you also need to listen to what others have to say.
5. Understanding Feelings (Emotional Intelligence): Being good in business isn't just about making money. It's also about understanding how you and the people around you feel. This can help you work better with others and make smarter decisions.
6. Being Flexible (Adaptability): Things change fast in business. The best business people can roll with the punches and adjust their plans when they need to.
7. Never Giving Up (Perseverance): Running a business is hard work. Successful business people don't quit when things get tough. They keep going and never give up on their dreams.
8. Making Friends in Business (Networking Skills): Knowing the right people can make a big difference in business. Successful people are good at making connections and building relationships that can help them in their careers.
9. Willing to Take Chances (Risk Tolerance): Sometimes, you have to take chances to succeed in business. The best business people know how to take smart risks, not just random ones.
10. Always Learning (Continuous Learning): Even when they're at the top, successful business people keep learning. They're always looking for ways to get better and stay ahead of the game.
1. Having a Dream (Vision): Successful business people know exactly what they want to achieve. They have a dream, and they're determined to make it happen.
2. Bouncing Back (Resilience): Business can be tough, with lots of ups and downs. The best business people don't let the hard times get them down. They pick themselves up and keep going.
3. Big Picture Thinking (Strategic Thinking): Successful business people always think ahead. They can see how today's decisions will affect their business in the future, and they plan accordingly.
4. Good at Talking and Listening (Strong Communication): In business, you need to be able to explain your ideas clearly and convince people to agree with you. But you also need to listen to what others have to say.
5. Understanding Feelings (Emotional Intelligence): Being good in business isn't just about making money. It's also about understanding how you and the people around you feel. This can help you work better with others and make smarter decisions.
6. Being Flexible (Adaptability): Things change fast in business. The best business people can roll with the punches and adjust their plans when they need to.
7. Never Giving Up (Perseverance): Running a business is hard work. Successful business people don't quit when things get tough. They keep going and never give up on their dreams.
8. Making Friends in Business (Networking Skills): Knowing the right people can make a big difference in business. Successful people are good at making connections and building relationships that can help them in their careers.
9. Willing to Take Chances (Risk Tolerance): Sometimes, you have to take chances to succeed in business. The best business people know how to take smart risks, not just random ones.
10. Always Learning (Continuous Learning): Even when they're at the top, successful business people keep learning. They're always looking for ways to get better and stay ahead of the game.
Thomas Boretsky
Financial Analysis & Planning (FP&A)
1
Answer
Pittsburgh, Pennsylvania
Updated
Thomas’s Answer
Hi Mateo, I agree with what everyone else has written above and echo the same! I think a big part of what most "Finance" people share is a desire to constantly learn more, a sense of curiosity, attention to detail and not being afraid to ask questions. I think a big part of Corporate Finance is trying to think a step ahead and critically think "if this were to happen, what would be the result" and how does that result change if something else were to also change at the same time.
Congrats on the internship! Don't be afraid to ask questions, and ask people what their story/career path is. Everyone has a different path on how they ended up in the profession they're in, and have different perspectives on things they've learned along the way. Don't be afraid to ask them about their path and what they've learned! Good Luck!
Congrats on the internship! Don't be afraid to ask questions, and ask people what their story/career path is. Everyone has a different path on how they ended up in the profession they're in, and have different perspectives on things they've learned along the way. Don't be afraid to ask them about their path and what they've learned! Good Luck!
Crystal Her
Audit & Assurance Senior
1
Answer
New York, New York
Updated
Crystal’s Answer
This is a great question and I agree with the other responses. I would recommend having a positive attitude and an open mind. This will help you learn more and succeed during your internship. Also, don't be afraid to ask questions. We don't expect our interns to arrive knowing everything, so take this opportunity to learn what you can. Good luck with your internship!
Joshua Bawer
Financial analysis
2
Answers
Cambridge, Massachusetts
Updated
Joshua’s Answer
Excellent inquiry! Drawing from my experience as an intern in a treasury department and subsequent years in finance-related positions, here are some actionable steps to enhance your performance:
Active Listening - During meetings, jot down important points. Validate your understanding of these points with your supervisor or more experienced colleagues to ensure you've grasped the correct message. If your notes are well-organized and clear, don't hesitate to share a summary of the discussion and the next steps (who does what and when) with others. They'll appreciate having a concise recap.
Proactive Responsiveness - Don't just passively receive information, but determine how to implement it. Unlike in school, the workplace won't always provide step-by-step instructions. Therefore, when you receive feedback, promptly demonstrate that you're taking action based on it. This proactive approach will certainly impress your colleagues.
These are just a few strategies that I've observed to be effective in setting individuals apart. Best of luck with your internship!
Active Listening - During meetings, jot down important points. Validate your understanding of these points with your supervisor or more experienced colleagues to ensure you've grasped the correct message. If your notes are well-organized and clear, don't hesitate to share a summary of the discussion and the next steps (who does what and when) with others. They'll appreciate having a concise recap.
Proactive Responsiveness - Don't just passively receive information, but determine how to implement it. Unlike in school, the workplace won't always provide step-by-step instructions. Therefore, when you receive feedback, promptly demonstrate that you're taking action based on it. This proactive approach will certainly impress your colleagues.
These are just a few strategies that I've observed to be effective in setting individuals apart. Best of luck with your internship!
Francesco Amodeo
Consultant
1
Answer
Chicago, Illinois
Updated
Francesco’s Answer
5 of the most important skills to think about and focus on:
Analytical Skills: The ability to analyze complex financial data and market trends is crucial. Successful finance professionals can interpret data, identify patterns, and make informed decisions based on their analyses.
Attention to Detail: Precision is vital in finance. Whether it's managing large portfolios, conducting audits, or handling transactions, a keen eye for detail ensures accuracy and compliance with regulations.
Adaptability: The finance sector is dynamic, with constantly changing markets, regulations, and technologies. Successful individuals are adaptable, able to quickly adjust their strategies and approaches in response to new information and changing conditions.
Strong Communication Skills: Effective communication is essential for explaining complex financial concepts to clients, stakeholders, and team members. This includes both written and verbal communication, as well as the ability to listen and understand others' perspectives.
Resilience and Persistence: The finance sector can be highly competitive and stressful. Successful businesspeople exhibit resilience and persistence, maintaining their focus and motivation even in the face of setbacks and challenges. They are committed to their goals and willing to put in the necessary effort to achieve them.
Analytical Skills: The ability to analyze complex financial data and market trends is crucial. Successful finance professionals can interpret data, identify patterns, and make informed decisions based on their analyses.
Attention to Detail: Precision is vital in finance. Whether it's managing large portfolios, conducting audits, or handling transactions, a keen eye for detail ensures accuracy and compliance with regulations.
Adaptability: The finance sector is dynamic, with constantly changing markets, regulations, and technologies. Successful individuals are adaptable, able to quickly adjust their strategies and approaches in response to new information and changing conditions.
Strong Communication Skills: Effective communication is essential for explaining complex financial concepts to clients, stakeholders, and team members. This includes both written and verbal communication, as well as the ability to listen and understand others' perspectives.
Resilience and Persistence: The finance sector can be highly competitive and stressful. Successful businesspeople exhibit resilience and persistence, maintaining their focus and motivation even in the face of setbacks and challenges. They are committed to their goals and willing to put in the necessary effort to achieve them.
Joseph Weber, MBA
Consultant
2
Answers
Jersey City, New Jersey
Updated
Joseph’s Answer
Hi Mateo - you've received a lot of great answers already but I would also mention being flexible I couldn't count the number of times where I planned for my day and then by 10am it has gone off the rails and I've had to adapt to a whole new schedule or plan. Being able to be flexible and efficiently pivot to different tasks is a great skill to have and one that I always look for on my team.
Always be open to new things and opportunities. This will help add to your ever growing "toolbox". And you never know, you might find something you are very interested in!
Always be open to new things and opportunities. This will help add to your ever growing "toolbox". And you never know, you might find something you are very interested in!
Jonathan Mann
I am a consultant advising clients in the oil & gas sector on financial transactions and transformations.
5
Answers
New Orleans, Louisiana
Updated
Jonathan’s Answer
Mateo,
Nice to meet you! I think it is excellent that as a freshman in college you are already thinking about this question and ALSO have an internship in treasury for the summer. I think a few of the most important characteristics of being a successful business person in finance are:
1) having a love for numbers and an appreciation for detail. Businesses (and management) have to trust that their Finance departments are paying close attention to detail. When numbers are balancing or aren't as expected, Finance people have to get to the bottom of it. Once people lose trust in the data, they will lose trust in you -- so pay close attention to detail!
2) being a strong communicator and storyteller - a big role of people in Finance is telling a story and explaining things to people that are NOT Finance people or strong with numbers / data / detail. Focusing on your ability to tell a story through both your words and charts, power point slides, etc. will make your audience better appreciate Finance details. You are the sync between the detail and your audience.
Good luck on your internship - be open to anything and everything that your team needs help with - that is how you will learn the most.
Nice to meet you! I think it is excellent that as a freshman in college you are already thinking about this question and ALSO have an internship in treasury for the summer. I think a few of the most important characteristics of being a successful business person in finance are:
1) having a love for numbers and an appreciation for detail. Businesses (and management) have to trust that their Finance departments are paying close attention to detail. When numbers are balancing or aren't as expected, Finance people have to get to the bottom of it. Once people lose trust in the data, they will lose trust in you -- so pay close attention to detail!
2) being a strong communicator and storyteller - a big role of people in Finance is telling a story and explaining things to people that are NOT Finance people or strong with numbers / data / detail. Focusing on your ability to tell a story through both your words and charts, power point slides, etc. will make your audience better appreciate Finance details. You are the sync between the detail and your audience.
Good luck on your internship - be open to anything and everything that your team needs help with - that is how you will learn the most.
Elisabeth Ure
Consultant
5
Answers
Casa Grande, Arizona
Updated
Elisabeth’s Answer
Be curious!!! Ask questions about the tasks assigned to you and take good notes. There are no "dumb" questions if you are truly engaged in the subject matter at hand.
Learn as much as you can about Excel - VLOOKUP, pivot tables, and data analysis will help you understand how the numbers work. There are many free courses online to walk you through how to use formulas and functions.
Learn as much as you can about Excel - VLOOKUP, pivot tables, and data analysis will help you understand how the numbers work. There are many free courses online to walk you through how to use formulas and functions.
deep sam
manager
13
Answers
Mechanicsburg, Pennsylvania
Updated
deep’s Answer
Successful business professionals in the finance sector often share a variety of traits and skills. Here are some of the most prevalent:
Analytical Skills: Finance involves dealing with data and numbers on a constant basis. Successful professionals in this field have strong analytical skills and are able to interpret complex financial data to make strategic decisions.
Attention to Detail: Accuracy is paramount in finance. Whether it's ensuring compliance with financial regulations or spotting discrepancies in financial reports, a keen eye for detail is essential.
Integrity: Trustworthiness and honesty are crucial in the finance industry. Professionals must maintain high ethical standards to protect their company's reputation and build trust with clients and stakeholders.
Adaptability: The finance sector is dynamic and constantly evolving due to changes in the economic environment and financial regulations. Being adaptable and ready to adjust to changes is a key trait.
Risk Management: Successful finance professionals are good at assessing and managing risks. They make informed decisions considering potential financial risks and rewards.
Communication Skills: They need to be able to convey complex financial information in a clear and understandable manner to clients, team members, and other stakeholders.
Problem-Solving Skills: The ability to identify and solve problems is crucial in finance. This might involve finding ways to cut costs, increase revenue, or overcome financial challenges.
Strategic Thinking: Successful finance professionals are able to see the bigger picture and develop long-term financial strategies that align with their company's goals.
Leadership: Many successful finance professionals have strong leadership skills, including the ability to inspire and motivate their team, make strategic decisions, and drive their organization towards its goals.
Continual Learning: The finance industry is complex and rapidly evolving. Successful professionals are committed to continual learning and staying updated with the latest industry trends and regulatory changes.
Remember, while these traits are commonly seen in successful finance professionals, different roles within the sector might require different skills and traits. Therefore, it's essential to understand the specific demands of the role you're interested in.
Analytical Skills: Finance involves dealing with data and numbers on a constant basis. Successful professionals in this field have strong analytical skills and are able to interpret complex financial data to make strategic decisions.
Attention to Detail: Accuracy is paramount in finance. Whether it's ensuring compliance with financial regulations or spotting discrepancies in financial reports, a keen eye for detail is essential.
Integrity: Trustworthiness and honesty are crucial in the finance industry. Professionals must maintain high ethical standards to protect their company's reputation and build trust with clients and stakeholders.
Adaptability: The finance sector is dynamic and constantly evolving due to changes in the economic environment and financial regulations. Being adaptable and ready to adjust to changes is a key trait.
Risk Management: Successful finance professionals are good at assessing and managing risks. They make informed decisions considering potential financial risks and rewards.
Communication Skills: They need to be able to convey complex financial information in a clear and understandable manner to clients, team members, and other stakeholders.
Problem-Solving Skills: The ability to identify and solve problems is crucial in finance. This might involve finding ways to cut costs, increase revenue, or overcome financial challenges.
Strategic Thinking: Successful finance professionals are able to see the bigger picture and develop long-term financial strategies that align with their company's goals.
Leadership: Many successful finance professionals have strong leadership skills, including the ability to inspire and motivate their team, make strategic decisions, and drive their organization towards its goals.
Continual Learning: The finance industry is complex and rapidly evolving. Successful professionals are committed to continual learning and staying updated with the latest industry trends and regulatory changes.
Remember, while these traits are commonly seen in successful finance professionals, different roles within the sector might require different skills and traits. Therefore, it's essential to understand the specific demands of the role you're interested in.
Michael T. Wong
tax consultant
2
Answers
Everett, Washington
Updated
Michael T.’s Answer
Agree with Lisa Ittner up there,
stay curious of why things are done the way they are.
stay curious of why things are done the way they are.
Tony Bae, CPA
Consultant
6
Answers
Irvine, California
Updated
Tony’s Answer
Hi Matteo - I may be stepping out on a limb here but to answer your question quite literally, I think the most prevalent trait in successful businesspeople in the finance sector (or in any business) is integrity.
I know there a so many TV shows and movies about leaders of companies looking successful while not being so honest but that's really just for entertainment.
If successful means that you need to be around for awhile in the business you want to be in, then your business partners need to trust you and that trust can't grow unless you have integrity in your everyday business interactions.
Hope this answers your question.
I know there a so many TV shows and movies about leaders of companies looking successful while not being so honest but that's really just for entertainment.
If successful means that you need to be around for awhile in the business you want to be in, then your business partners need to trust you and that trust can't grow unless you have integrity in your everyday business interactions.
Hope this answers your question.
Andrew Radka
Project Manager
3
Answers
Orlando, Florida
Updated
Andrew’s Answer
Always find a way to be a team player. Sometimes there are tasks, especially early on in your career that you don't necessarily see as important but if you take advantage of helping others, those that assign you tasks will be more inclined to lean on your in more important situations in the future. Also, I agree with those above in the statement of not being afraid to ask questions. This is very critical early on when you are learning processes and procedures of how your current firm operates and what the end goal should look like.
No one expects you to know everything post-graduation in an entry-level position but take advantage of learning everything you can so that you can take those skills and build upon them going forward!
No one expects you to know everything post-graduation in an entry-level position but take advantage of learning everything you can so that you can take those skills and build upon them going forward!
Austin Hawk
Finance and Sales
2
Answers
Los Angeles, California
Updated
Austin’s Answer
Aside from a willingness to work hard, attention to detail and a genuine interest in problem solving is what determines the level of success you have in the finance industry. Finance is broad so it ranges from high finance roles to more general central finance roles within companies. Across all roles, people who get into finance for the money tend to underperform those who are actually interested. Additionally, the higher the earning potential the more time and output will be expected.
Keely Cannon Dickson, CPA
Accountant
3
Answers
Seattle, Washington
Updated
Keely Cannon’s Answer
Hi Mateo! Great question. There are many great points in the thread here. Additionally, I would suggest being a good team member and team leader. Almost every role in the business world is part of a team. You will work with good team members/team leaders and poor ones throughout your career. Learn from them and focus on how you can add value to your team and how to make the team successful.
Zachary Fuller, MBA
Financial Analyst
1
Answer
Dallas, Texas
Updated
Zachary’s Answer
Hello Matteo,
I would agree with all the above but I would also had to never stop asking questions and no question is a dumb one. I know people get nervous with not wanting to ask certain things. But that is how you learn and get a better understanding on if that will be a field you want to expand further into and how you ultimately will learn! Taking notes and getting outside your comfort zone as well will really be a great way to get the most out of it.
I would agree with all the above but I would also had to never stop asking questions and no question is a dumb one. I know people get nervous with not wanting to ask certain things. But that is how you learn and get a better understanding on if that will be a field you want to expand further into and how you ultimately will learn! Taking notes and getting outside your comfort zone as well will really be a great way to get the most out of it.
Stephen Friedheim
5
Answers
Updated
Stephen’s Answer
Hello,
Two of the core competencies we work on in the finance sector is adaptability and risk comprehension. The global finance world is constantly changing, and the ability navigate those changes and adapt will increase the odds of success. This will hold true regardless of finance sector you may find yourself in, whether it be tax laws, shareholder demands or financial planning for future growth. Risk takes many forms, including financial, data exposure or general business risk in a market. As you develop your financial prowess you will develop your own ideas on risk avoidance and risk acceptance within the work we do in finance. As others have added in their responses, finance is a robust field with many components added together to create your tool kit of ideas and experiences. Continue to develop your strengths and look for areas that your passion and strength intersect within the finance sector.
Two of the core competencies we work on in the finance sector is adaptability and risk comprehension. The global finance world is constantly changing, and the ability navigate those changes and adapt will increase the odds of success. This will hold true regardless of finance sector you may find yourself in, whether it be tax laws, shareholder demands or financial planning for future growth. Risk takes many forms, including financial, data exposure or general business risk in a market. As you develop your financial prowess you will develop your own ideas on risk avoidance and risk acceptance within the work we do in finance. As others have added in their responses, finance is a robust field with many components added together to create your tool kit of ideas and experiences. Continue to develop your strengths and look for areas that your passion and strength intersect within the finance sector.
Huy Huynh
2
Answers
Updated
Huy’s Answer
In my opinion, the top attributes of an exemplary intern include maintaining an optimistic and proactive mindset, demonstrating an eagerness to acquire new knowledge, and taking responsibility for the duties assigned to them. As an intern, it's not expected of you to have all the answers, but it is crucial to take charge of your tasks. This involves asking questions to progress and seeking assistance to complete your work effectively. Additionally, it's essential to be a pleasant colleague to collaborate with. These are the fundamental characteristics that define an ideal intern.
Alexandru Visan
Economist
1
Answer
McLean, Virginia
Updated
Alexandru’s Answer
One of the most important traits among successful businesspeople in the finance sector is resilience. The ability to recover quickly from setbacks, adapt to changing conditions, and persistently pursue goals despite challenges is crucial.
Travis Balcerzak, CPA
Public Accountant
2
Answers
Chicago, Illinois
Updated
Travis’s Answer
As an accountant, I firmly believe that the desire to learn is the key to success. Never hesitate to ask questions until you fully grasp the purpose, the what, the why, and the how of the task at hand. It's only when you have a deep understanding of the purpose or goal of your work that you can truly make a difference and enhance the situation you're involved in. Stay curious, keep learning, and you'll surely excel in your work.
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