Finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up the financial system. The financial sector incorporates a huge range of careers requiring a diverse set of skills.
Top skill required to work in Finances
- Analysis
Most financial firms seeking out graduates, particularly for those jobs that deal with huge reams of information, will look for evidence of analytical skills in all of their applications. Fortunately, this is a skill that almost all degrees will invariably provide, whether you’ve studied mathematics, science, arts and humanities degrees, or anything else. These skills will be of great use to anyone working in accounting and actuarial work, as these careers require workers to sift through huge amounts of data to spot patterns, discrepancies, and trends in their clients’ accounts.
2. Decisiveness
The ability to make informed decisions quickly is a skill that is highly sought after in finance. Many financial roles require that professionals make huge decisions promptly, with possibly brilliant or disastrous ramifications, and to have the character to take responsibility no matter what happens. Decisions are based on a combination of research done by a back-room team, the financier’s projections for the future of an investment, gut instinct, and sheer luck.
3. Persuasiveness
Being able to bring someone else around to your particular way of thinking is no easy undertaking, and if you’re the kind of person who is naturally quite persuasive, this skill will be highly sought after and rewarded by employers. If you’re thinking of working in sales, your silver tongue will be integral in raising revenues for your client and bank, whilst if your dream is to work in consulting, you’ll need to exhibit the potential to bring in new clients with your charm and aural dexterity.
4. Interpersonal and Communication Skills
Good interpersonal skills will make you highly agreeable to work with and will instill a feeling of trust and support in your clients and colleagues. Any finance role in which you are working with clients will benefit from excellent communication skills, as you’ll likely have to condense quite complex transactions, investment decisions, and data into information that your client can understand and respond to. Any experience in debating, writing, or sales would go far in exhibiting these skills, although the best way to convey them would, of course, be in an interview.
5. Mathematical expertise
Math skills will prove to be immensely helpful in numerous areas of finance, particularly those that employ the use of statistics and equations in understanding financial data.
