What makes a skilled investment manager today? Review the post listed below to find out more
One of the most fundamental finance skills that nearly each financial services aspirant requires to establish should focus on their finance and economic expertise. Many people tend to think that accounting and finance skills are only needed if you are seriously thinking about an occupation in accountancy. Nonetheless, as William Jackson of Bridgepoint Capital would likely understand, the financial services world is interconnected, and every role within finance requires you to understand the three main financial statements to a minimum of an intermediate degree. Firms rely on these financial reports to oversee budgeting, efficiency assessment, and determine the cost of doing business through the selection of the most suitable economic investments that might include bonds, stocks and real estate. This is why you see numerous finance professionals, coverage analysts, or even wealth advisors with a formal accounting background, which is primarily due to the foundational understanding accounting and finance can offer you prior to you focus in your financial occupation.
Nowadays, among the most obvious hard skills in finance will definitely include your numerical abilities. Numbers and data-driven information overall are the core of any finance occupation. As Ferdi van Heerden of Momentum Global Investment Managers would certainly know, numerous banks tend to hire their interns, trainees, or apprentices from numerical fields, such as mathematics, financial services, chemical engineering fields, and computer science. This is because, as a financial expert, you are expected to analyze detailed spreadsheets that are filled with quantitative information that you will require to evaluate, and having comfort with numbers is absolutely an essential skill to have in this case. One can argue that even back-office positions that do not necessarily include spreadsheets still call for candidates to have some sort of quantitative or analytical experience, and this again reinforces the point around quantitative data being the foundation of every single process within a financial services sector organisation these days