3 Skills You Need When Working In Finance

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If you’re hoping to get a job in finance, whether you’re just starting off your educational career or looking to make a change later on in life, there are certain skills you should possess in order to find professional success. While everyone knows that you need to have an understanding of money and calculations, there’s so much more that goes into being a top professional in the field of finance.

So to help ensure that you’re able to get to this stage at some point in your professional life, here are three skills you need when working in finance or in the financial department of a business

The Ability To Analyze Data

Not only do you need to be able to gather financial data for whatever organization you’re working for, but the best financial professionals have a way of taking that data and making it work for them.

According to Alison Doyle, a contributor to The Balance Careers, in today’s world, it’s crucial that those in finance have the ability to take data and use its analysis to help businesses fix or manage problems. The skill of using data to problem solve can make you an invaluable member of a financial team and a great hire for any organization. 

Know How To Use Technology To Your Advantage

Before technology really hit the stage in the business world, all financial calculations and analysis was done by hand. But with so many tools now available to help gather and synthesize financial data, you can really do so much with this information if you only know how. 

As a part of this, Amy Fontinelle, a contributor to Investopedia.com, shares that when you’re proficient with the technology available for financial purposes, you’ll be able to do your job better and quicker. This includes knowing what software and tools are out there to make you more effective and efficient as well as knowing how to use these tools to the best of your advantage. 

Be Able To Communicate With Others

Simply having data and knowing what to do with it won’t do your company any good unless you’re able to effectively explain your findings to others within your organization. Because of this, Skiddy Von Stade, a contributor to TheLadders.com, shares that finance professionals who are also skilled in communication styles and techniques often do better in their field. 

So if you have a knack for speaking not only with people like your coworkers or managers but also potential clients or customers in such a way that they can easily understand complicated concepts and financial ideas, you might just have a great career ahead of you in finance. 

If you’re wanting to work in finance, consider using the information presented above to help you know what additional skills you should work on and develop for your ultimate success.


About Author

Fiona is a stay at home mum of 3 and a wife to a city banker. In her spare time (when not looking after the kids) she enjoys running, blogging and taking the digs for long walks.