Going to school in finance takes time, money, and dedication, so how do you know if finance is the right career choice? If you have most of the traits we highlight here, odds are you’ll excel in a finance career. And if you’re sure it’s the career for you, it’s not hard to find finance scholarships to ease your financial burden.
Your Communication Skills Rock
Financial discussions get sticky and involved. Whether you’re laying out what’s happening to your client’s money every month or negotiating a trade deal, you need stellar communication skills to get the job done.
Many newbies in finance don’t understand that you often will be talking to non-finance folks who aren’t up on all the jargon and terms. You usually need to interface with professionals in sales, IT, operations, and others, so you need to know how to explain complex finance material in English.
You don’t need an order from your boss to be useful in finance. One thing many bosses don’t like is when an employee says they have no work to do. While your boss will often assign work to you, be proactive and find fascinating work to keep you busy. The best finance employees take the initiative and always look to add value to their company, whether they’re under direct orders or not.
High Emotional IQ
You can relate to other people. It helps in your finance career if you can understand the other person’s side. Also, you’ll do great if you are skilled at reading between the lines.
Most finance folks are analytical, so not everyone in the field has a high emotional IQ. But if you do, you can go far in your career.
No one enjoys setbacks or returning to the drawing board. But rather than getting discouraged, you rise to the challenge. You’re willing to work long hours if success requires it. And in finance, time is often the most significant factor in success.
Many experts in the field maintain that perseverance is one of the most vital traits in finance. Finance can get dull from time to time, but being able to persist when things bog down can make you successful.
Love To Teach
Good finance professionals love to share their financial knowledge. Whether you’re training a new employee or walking the operations manager through an audit of his department, teaching will be a massive part of your work.
Talking to people about money and finance requires you to be cheerful, optimistic, and extroverted. And you need to be able to decipher finance-speak into plain English so your colleagues can understand.
For instance, talking about behavioral finance is one of the hardest parts of the job. Many people think a financial advisor can wave a wand and solve their problems. In reality, a sound financial plan is like dropping a lot of weight. It takes a significant lifestyle change, not a trendy diet.
Finance professionals handle thorny numbers problems every day, from finalizing a business deal to determining the best financial solution. You’ll stand out if you can show your company that you have the fast-thinking skills to negotiate tricky waters.
To be useful in this area, learn how to accurately assess the issue, weigh the options, and decide fast on how to move forward. Practice honing these skills, and your career will benefit.
Based on the above attributes, you can see that not everyone is destined to be in finance. It takes a variety of characteristics and skills to do well in this career and enjoy it. But if you think it sounds intriguing, finance could be your future!