The Financial Services industry is looking for well-rounded individuals who can tackle a wide variety of responsibilities, from performing calculations to interacting with clients.
From risk analysis to mortgage underwriting, the unique combination of hard and soft skills required for this field is just one of the reasons why it’s an egg-citing place to start a career.
Do you have what it takes to find success in Financial Services? This guide lists 5 important qualities you’ll need for a career in this field!
Whether you’re an entry-level or top-level professional, leadership skills are essential for a career in Financial Services. Leadership comes in many forms – having the ability to contribute ideas, listen to others, and step up to the plate when needed are all traits that can help in your career. As an entry-level worker, having strong leadership skills shows employers that you are a dedicated professional who will grow and move forward in the company.
Having strong interpersonal skills is an important quality for Financial Services professionals – almost every role from investment banking to risk analysis requires teamwork. For example, junior Financial Analysts often work in teams to gather financial data and prepare presentations for management and clients. To land a job in this industry, students and grads need to demonstrate to employers that they are comfortable connecting and working with their peers and clients. Make sure you focus on developing strong oral and written communication skills as well as collaboration skills to ensure you can work well with others.
Financial Services is a highly analytical sector – being able to critically sort and interpret data patterns is one of the most important abilities for anyone hoping to work in the industry. For example, an Actuary’s main responsibility is to compile and analyze statistics to calculate insurance risks and premiums. In order to avoid making mistakes when analyzing data, attention to detail is crucial. Even the smallest calculation error can have a big impact on the final product, so it’s important for students and new grads to utilize this skill at all times.
A successful Financial Services professional needs to be bold. Employers hire employees who are confident, willing to take calculated risks, and open to accepting challenges because these qualities show that you’re well-suited to the high-stakes nature of the industry. However, being a risk-taker is not the same thing as being impulsive – employers need workers that will mitigate risks and make smart decisions.
Maintaining integrity is especially important in careers involving money management. From building rapport with clients to collaborating with coworkers, trust is the cornerstone of any Financial Services business relationship. Because of this, potential employers need to be confident that a new hire will practice responsibly. Being honest, discreet, and treating others they way they want to be treated are all ways to show integrity in the workplace.