A few characteristics you need to work in the financial services industry

Successful individuals that work in finance all have these 3 attributes.

As financial services are an field that revolves around statistics and reacting to changes, having a strong intellect is crucial to success. Particularly, people must have strong numerical skills with an emphasis on analysing mathematical trends and data. To prosper you require a real knack for identifying problems or anomalies in any set of information, and this requires a keen eye for detail. Naturally, the most successful financiers come from a mathematical history, where they would have studied something like maths, economics, or accounting at their universities or colleges. There are plenty of examples of individuals who do not study number-based qualifications who become successful in the financial services industry; all that is needed to be a good candidate for a top investment company, is that you have strong analytical skill and a fantastic work mentality. An instance of the kind of work ethic you need is from Lars Windhorst, who founded his first business when he was at school. While this is very uncommon, it is the level of dedication one should aim for to succeed in the investment world.

Amongst the most essential characteristics you can have in business, but particularly in the financial sector, is to be motivated and tough. The nature of the industry suggests challenges are frequent; there are very few people, if any, that have had a long career without having some sort of difficulty to manage. Not only is this attribute important in overcoming obstacles, it is helpful because there are long working hours that are filled with hectic schedules. As numerous people wish to work in finance, you must keep up a high work ethic to fend off potential replacements. The compensation for the intense work load is generous pay and numerous other perks. With this sort of pay, individuals can retire early, such as JP Livingston, who retired at 28 following a short yet effective career in finance. This option is not for everybody, with so many investment bankers working at financial institutions well into their 70’s, but it is obviously a tempting possibility.

Finance and investment are all about trust building and convincing people that you are more reliable than your opponents. The financial market is very competitive, so persuading customers you are their best choice is essential. To do this one needs to have strong people skills, whilst also being vigilant of possible bad clients. It helps to be charismatic without being overly arrogant, as a way to instil confidence but not so much that they think you are not meticulous in your decision making. Having qualities like these are what would have helped somebody like Thom Weisel have such a successful career; trading and drawing investment is down to constructing effective connections.

Leave a Reply

Your email address will not be published. Required fields are marked *