The most sought-after finance skills amongst top companies

The most sought-after finance skills amongst top companies

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What do economic industry leaders go through to get to where they are now? Read this article to learn more
Among the most fundamental finance skills that nearly every finance enthusiast needs to develop would revolve around their accounting and financial knowledge. A lot of people tend to think that accounting and finance skills are only needed if you are actually considering a career in accounting. Nonetheless, as William Jackson of Bridgepoint Capital would likely understand, the economic industry environment is interrelated, and each position within financial services needs you to understand the three main economic reports to a minimum of an intermediate degree. Firms rely on these financial statements to oversee budgeting, efficiency assessment, and plan for the cost of doing business with the choice of the most appropriate financial investments that may comprise bonds, equities and property. This is why you see numerous bankers, insurance analysts, and even asset managers coming from a chartered accountancy foundation, and that is simply due to the foundational understanding accounting and finance can offer you prior to you specialise in your financial occupation.
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 finance career. As Ferdi van Heerden of Momentum Global Investment Managers would certainly understand, many banks often tend to hire their graduates, trainees, or pupils from quantitative fields, such as mathematics, financial services, chemical engineering fields, and computer science. This is because, as a financial expert, you are expected to go through detailed spreadsheets that are full of quantitative information that you will likely need to analyze, and having comfort with numbers is definitely a crucial skill to have in this case. One can argue that even back-office positions that do not necessarily include spreadsheets still call for applicants to have some level of quantitative or analytical experience, and this again reinstates the fact around numerical information being the cornerstone of each process within a financial services sector organisation nowadays
One can easily suggest that soft skills in finance are as important as technical knowledge. As Toby Raincock of Shard Capital would understand, being client focused in a financial context is probably one of the most demanding positions you can ever before find yourself in. This is because customers are entrusting you with their personal money and investments, and therefore, you need to have the capacity to form lasting working connections with these clients, serving as their advisors, and making their problems your very own. The stronger your relationship is with the customer, the easier your role will be. Such relationship-building abilities means that communication abilities are also essential in the world of finance, particularly when it comes to delivering strategic insights and recommendations to customers. Furthermore, you must likewise have the ability to diversify your approach when engaging with different stakeholders, adjusting between internal-facing and client-facing stakeholders, depending on their degree of economic literacy and familiarity.