Five Skills Required to Succeed in Finance

Five Skills Required to Succeed in Finance

Like many other fields, there is a variety of skills that employers are looking for in the area of finance. A common misconception is that financial careers purely involve numbers. Many of the skills that are required of those who desire to work in this field do not actually include mathematical skills or financial knowledge. To excel as a financial professional, it is not enough to merely perform the basic skills required for the job. As working as a bookkeeper, I have found that these five skills are needed to work in this industry.

Communication

It is true that communication is key to working in any field, and financial careers are no exception to this. These professionals cannot settle for simply crunching numbers but instead must harness the ability to communicate their findings and knowledge. This means having powerful speech, writing and presentation skills.

Without the ability to communicate, a financial professional is only completing half of the job. Excellent communication goes a long way when working with clients to break down terms and collaborating with team members. If you are preparing to interview for a job in this field, you should be ready to convey an aptitude to communicate.

Interpersonal Skills

Although there was once a time where financial professionals remained tied to only working at their desk, this is no longer the case. When entering the field of finance, it is important to realize that your job will not consist of you solely working alone at your desk but rather dealing with clients every day.

This means that your stronger interpersonal skills are, the more likely you are to succeed. Building a successful relationship of trust with your employer and client-base is necessary for accounting and other financial careers. This skill is so important that employers often consider it to be the deciding factor when considering a candidate.

Tenacity

The ability to withstand long hours, or to go above and beyond what is expected of you is a crucial aspect to succeeding in finance. These careers are often thought of as straightforward. However, through working in a financial field for any period, you will be challenged to think more critically about what you are doing and push harder than you first anticipated.

A competitive personality fits these roles best. If you don’t enjoy being pushed and challenged in your profession, then working at a position in the financial industry might not be the best fit for you.

Problem-solving Skills

Falling in line with the endurance that is required out of financial professionals is the ability to work through problems. In today’s economy, it is not enough to know the systems and processes needed for the job. As issues arise, it is required to build a skill set that enables you to solve problems when they arise.

Clients and employers will remember the individuals that were able to overcome when faced with a challenge. Whether it is on a small or large scale, a reputation that reflects the ability to solve problems will help to grow your career exponentially.

Ethics

A central part of working in a career that involves working with or reporting on finances is ethics. Building a reputation for having strong ethics will build your career and provide a foundation that is required in the financial industry. However, if your history reflects a lack of ethical character, you will deter employers and clients from working with you.

If you would like to start a career in finance, or grow an existing one, review the skills listed and develop a realistic outlook on where you need to improve. Make sure you know what skills you possess and highlight them when talking to employers or prospective clients. Although there is nothing wrong with sharing where your strengths are in your skill set, you will find much more success in displaying these traits in your work.