What financial skills employers’ value?

In a survey done by the Institute of Management Accountants, financial service jobs were identified as among the most in-demand jobs in 2015 and 2016. The business advisory service, insurance agent, wealth management, financial analyst, and mortgage loan officer were the top four industries hiring. Although these jobs had median salaries around $57,000, many of these jobs allow you to take time off from work to pursue educational training. You can get a degree while you are still working and still earn income while studying.

 

The 5 most valued skills

1. Management

With this position you get to oversee operations at a business and will often work in areas of the business other than finances, such as human resources and marketing. You’ll have to know how to manage people to help increase profitability.

2. Problem-solving

Your job will usually be to identify issues and respond to them accordingly. With this kind of job, you must be very detail oriented, able to prioritize, and analytical.

3. Writing

Managing finances is all well and good, but it’s not always the most exciting job. You’ll have to develop strategies and procedures and put them into practice for growing your business.

4. Decision-making

Your company will likely need to make critical decisions regarding your company’s financial future and success.

 

Demonstrating your financial responsibility

Perhaps the most important characteristic that financial professionals should be able to demonstrate is financial responsibility. This means that they will need to avoid doing anything that will have an adverse impact on their clients’ finances, such as making loans that don’t qualify for payment.

There are several other important aspects of financial responsibility, but having a clean record is a good start. It’s also very important to have a firm grasp of all of the intricacies of a particular area of finance and be able to explain them clearly and authoritatively to your clients.

Demonstrating your analytical ability

An important part of having a successful career in finance is being able to perform well under pressure.

 

Skills employers look for

What kinds of skills can you expect to find on a job listing? Knowing what employers are looking for will help you figure out how to tailor your resume and cover letter.

Typically, an employer will be looking for thorough knowledge of relevant concepts and principles that apply to any aspect of financial management. This includes understanding how to evaluate risk and reward, create projections based on predicted outcomes from different scenarios, and understand international perspectives. In addition to these broad-based skills, there are also specific aspects of finance that may be more important to a given position. For example, a job posting may request understanding of accounting principles or knowledge of the stock market.

To get you started, check out this list of top ten skills most employers say are important for successful employees.

These include:

● Organization

● Communication

● Leadership

● Entrepreneurial Mindset

● Financial Acumen

● Adaptability ● Negotiation Skills

● Creativity and Innovation

● Accountability

 

Tips to develop those skills

-Learn more about finance to make smarter decisions.

-Start reading financial news and trade publications.

-Ask your boss, family members, or friends about their thoughts on current trends.

-Investing in yourself is always a smart decision. You can do that by pursuing higher education courses or joining professional organizations.

It can take time to develop the skills to become a finance professional, but the benefits are clear. Here are three tips to help you make your way there.

1. Attend seminars.

2. Read articles in popular business publications.

3. Take classes for continuing education units at your company or through an outside institution that offers financial courses.

 

What skills should you emphasize on your resume?

When developing your resume, remember the skills employers say are important. This way, you can ensure that your resume clearly communicates your qualifications to an employer.

For example, if you live in an area where many other people specialize in marketing, highlighting your financial skills on your resume is a good idea.

Here are three tips for building your financial knowledge:

- Read articles about finance and other topics related to the job you want. For instance, if you want a marketing position, read about how marketing professionals have handled different challenges they've faced in the past.

- Practice creating presentations and reports on a variety of finance topics. You can do this by attending online classes or reading books with practice exercises.

- Network with people who work in finance to learn from their experience--they may have insights that they're willing to share!

Your resume is your first chance to make an impression on potential employers, so you want to make sure it’s highly tailored to the position you’re applying for.

Along with emphasizing your skills and experience, you also need to work on your resume's design. Hiring managers spend less than six seconds looking at a resume before determining whether or not they will take the time to read it in more detail.

So, if your resume doesn't look enticing from the start, it could be a lost opportunity. One way to improve the appearance of your resume is by making sure that the text size is large enough for hiring managers to read easily. You can also use bullet points and bolded fonts for phrases that are most relevant to the job description.

Date
2021-12-01