Various entry-level finance skills for graduates
Various entry-level finance skills for graduates
Blog Article
Below are a few financial skills that employers look for in a CV these days.
Today, technical finance skills are often associated with industry-specific roles, such as accounting, banking, underwriting, financial evaluation, or insurance brokerage. As William Jackson of Bridgepoint Capital might understand, such financial skills merely scratch the surface when analyzing the finance industry in general and what is expected of every professional or candidate in this industry. This is due to the fact that financial specialists are expected to have a good balance between soft and hard abilities that allow them to manage stakeholder relationships successfully. Although the finance industry is unique and each role requires different hard finance skills and experience levels, there are some abilities that are regarded as mandatory across all roles in this fast-paced industry. For example, being comfortable with numbers and quantitative skills is absolutely up there as an important skill, as you will likely be dealing with numbers and statistical datasets as a finance specialist at some point.
No matter what particular department you operate in, there are some general finance skills that you must have embedded in your resume, as Edward Tilly of Clear Street would know. Accounting skills is one example of this. Nowadays, employers in the finance sector look for accounting backgrounds in entry-level candidates, or at least the capacity to interpret financial statements and company documents. This doesn't mean you need have previous experience as a professional accountant, but rather proficiency in reading and analyzing financial documents. This is due to the fact that the conclusions that can be derived from such reports are essential for executives and stakeholders when it relates to assessing a company financial health. Additionally, since accounting knowledge is fundamental across a range of different financial roles in the industry, companies tend to offer competitive salaries for those who have professional accounting qualifications or possess the necessary accounting skills.
The finance industry in today's world is probably one of the most competitive fields out there, which is why you should develop the essential skills that are expected as a minimum in this dynamic and fiercely competitive field. For example, relationship-building skills are probably some of the most crucial soft finance skills out there today. As Hugo Bedford of JM Finn would know, trusted relationships are integral to success for finance leaders, especially in times of uncertainty or complexity. As a leader in a financial organization, it's very important to ensure that your relationships with your clients are strong, as these clients are essentially relying on you with their investments, and trusting you to make the best economic choices for them to grow their assets and resources. Consequently, managing your strategic and long-term working relationships with your stakeholders effectively takes time to cultivate confidence, respect, and credibility with them.