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Important Skills to Break into Finance?

#finance #business #career

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Danny’s Answer

Hi Baily. I believe in order to break into Finance, you must possess a few attributes and a set skills. Most importantly, you must love numbers and or math. Secondly, having proficiency or mastering programs such as MS EXCEL will help tremendously. Last but not least knowledge about the industry will help you to become great at finance and in return it could lead you to where in finance you want to be. Thank you and the best of luck.
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Darin’s Answer

Math. Lots and lots of math. It also depends on what you want to do within finance. Just to name a few; accounting, payroll, financial planning, tax. You can find classes for all those plus other finance courses I didn't even mention at most colleges. Like I said it depends what you want to do
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Staci’s Answer

There are many skills that cross over to a finance career. It is important to do well in school - any type of business degree and be well versed in Excel as well as learning Tableau is a good skill too. It is also very important to have solid people skills - good communication skills for example - to be able to build relationships and trust with your business partners.
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Melissa’s Answer

Hi Bailey,
To me, the most important skills are critical thinking and communication. You have to be able to analyze the data and present your findings in a comprehensible way to leadership. The presentation of data can be just as important as the numbers themselves. Good luck!
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Sami’s Answer

The skills needed to be able to work and succeed in Finance are analytical skills where you might receive data that's needs analysis that would be needed to recommend a decision to the higher management. Adding that other skills might be also helpful like algebra and quantitative math were you might need to do some statistical work.
Finally, with the digital advancement, a skill in the basics of Machine Learning, Big Data would be helpful.
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brian’s Answer

There are already a lot of great answers here. From my perspective, finance skills involve critical thinking and synthesizing information from many (often multidisciplinary) sources. There are many ways to develop these skills, including reading finance and economics texts and having informational interviews with professionals in the specific finance segments that interest you. If you are still in school, even taking classes like philosophy or laboratory science can help you develop the skills. If this sounds strange, remember also that finance itself cuts across all business (and even non-profit) fields. I also suggest choosing an underlying business that interests you and ignites your passion. Finally, if you have a culture and colleagues you like, you have a recipe for career success and happiness. Good luck to you!
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Silas’s Answer

Hi Bailey,

To break into the Finance industry I would recommend taking a financial modeling course to become well versed in the area. If this is not available then I would become proficient in excel through studying on your own. Additionally, it is important to have strong communication skills and ability to put together presentation decks.
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Melissa’s Answer

Hi Bailey,

I think you have a lot of really great suggestions here. A couple of other skills that might seem a bit surprising is basic computer programming and risk management. You don't need to be fluent in computer programming but having knowledge of the basics will make you a sought after candidate. Also risk management is a hot button topic right now and part of every industry. Understanding and being able to identify risk is a great skill to have and will set you above the other candidates for a position.

Best of Luck!
Melissa
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Michelle’s Answer

Hi Bailey,

There are several skills that will be important if you decide to pursue a career in Finance. Here are some basic skills then I would recommend to see what interest you and work with a Professional or Counselor to gain more insight. It would be advantageous if you could gain some experience by volunteering or apply for an internship or gain work experience.
Important skills include Accounting, Interpersonal and communication skills, Networking, Problem solving skills, Analytics, and the ability to understand and work numerically to draw conclusions.
All the Best!
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Chris’s Answer

Bailey,

Whether you want to be in the back office working internally or in the front office working with clients the most important tip I can give you to break into finance would be to Network.

Networking is critical in finance as your reputation can carry more weight than your degree after so many years post graduation. Networking can provide you with different avenues of finance you never knew about and teach you more about areas you are interested in. At the end of the day you want a job in an area you want to be in and networking, a college degree with a solid GPA (whether it is at a target school or not), and experience will land you where you want.

Best of luck!
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Jorge’s Answer

The “Financial” world is very wide, there are several roles and activities, that’s why you should think about what’s best for you, your personality. To work on finance is important to develop the following competencies: Accounting Qualifications/Certifications, Interpersonal Skills, Management Skills, Communication Skills, Strong Problem Solving Skills, Financial Forecast Reporting, Analytics Capabilities, Software Skills, Business Savvy, Innovative Skills, Data Science and Statistical Skills.
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Yumi’s Answer

Hi Bailey,

Various skills that are specific to the position can be learned on the job and potential employer may well look for more qualitative skills such as critical thinking, analytical mind, good communication and interpersonal skills.

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Rodrigo’s Answer

Hi Bailey B,

I think you may have any skills, math is very important y depends the area you may be interested, could be finance in the enterprise, for example in stock finance you may develop analitic skills and be very confident , as a soft skill, but I think despite this, if you love finance , you will be able to develop any skill at any point.

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Robert’s Answer

Bailey,

A few important skills to have in order to break into finance - show the ability to understand financial concepts, be able to learn new technologies, have a strong work ethic and be reliable, show the willingness to learn new things and be challenged. Demonstrate these traits and you will be successful. You'll learn a lot about your field while on the job, breaking in and marketing yourself as someone who can demonstrate those skillsets will set you up for success.

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Anoosheh (Anna)’s Answer

Math and excel are very important.
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Rebecca’s Answer

I am glad to hear that you are interested to finance industry. There are different aspects in finance, e.g. Investment Banking, Broker Dealers, Fund, Private equities, etc. In each of these sector, it may require difference knowledge / skills, e.g. accounting, finance, maths, economics, etc.
It really depends on what sector that you would like to work on.
I suggest you could consider the approach below :
1. Explore the different sectors in finance industry to find out what you have interest on
2. Check on the hiring post on the requirement. This is good source of information what skills is required.
3. You can also speak to someone working in these segments (if you know any).
4. Find out the entry criteria of the college on the relevant subjects.
Hope this helps! Good Luck!
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Coleman’s Answer

If you are looking to be good at finance I would agree with the suggestions of the previous answers. You need be good at math and able to not only understand how the math interacts with the market and the projections of different markets but depending on what field of finance, you also have to be able to explain of the math and projections / investments / trends to your clients.

If you are looking to break out into finance, it isn't just enough being good at finance. As in any industry you also need to be good at self promotion and marketing as well as reading and writing. All of these skills allow you to maximize your exposure in almost any job field, but in particular the customer facing job fields such as financial planners or portfolio managers.

Take into consideration online finance groups, or regional co-op professional groups, make friends and colleagues in the field. Post op-eds on blogs and other websites to build yourself a reputation. If you are more academic, commit to writing and publishing research articles in the field that can gain you repute.
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