In order to make money, you need to go to a place where a large amount of money is concentrated. And no, we are not talking about the oil industry, although it is the most profitable in the world. We are about the financial sector, which gives great prospects to those who are ready to develop and grow.
In this article, we share practical tips for starting a career in financial services.
1) Start Earlier Than Others
The sooner you start, the sooner you get the result you are striving for. Therefore, it is wise to start thinking about your career in the early years of college. Find out if there are opportunities to take part in an internship, ask your professors direct questions and ask them to recommend you at the first opportunity.
However, if you missed this opportunity in college, it’s never too late to start. Even if you received a different education and want to retrain, it is still possible. To do this, you will have to take additional courses (we will discuss this later) and at the initial stages apply for those duties in financial companies that may not require specialized education. Even with this approach, it will give you the first experience and development opportunities.
2) Work on Leadership and Financial Skills
Now leadership qualities are becoming a universal requirement, and they are necessary even if you apply only for the first step of the career ladder. Financial companies prefer those who have ambitions and potential for growth, rather than those who want to be an accountant all their lives, even a very professional accountant.
Therefore, develop leadership qualities in yourself right now, even if you understand that while you cannot claim to be a team leader. If you do not have them, then you can never claim to be. Learn to listen and hear, learn effective communication, personal productivity, analytical thinking, forecasting and of course, never stop updating your financial knowledge base.
3) Take Additional Courses
New knowledge will never be redundant. And to our great happiness, the Internet space gives you the opportunity to get most of them for free or almost for free. Now it’s really possible to take courses from leading universities and financial specialists from around the world for a moderate fee, plus get a certificate that will have weight and significance.
Therefore, if you feel that you lack a little knowledge for a certain position, be sure to use that opportunity and invest in yourself. This decision will pay off several times, but for this, be sure to add the courses that you took in your resume and be prepared to show a certificate and answer questions from a potential employer.
4) Create a Financial Blog
When it comes to financing, you need a more serious approach to blogging. First of all, your blog is a good way to organize your knowledge, and help users deal with difficult moments.
In addition, the financial blog is your platform for academic activity. This is a way to prove yourself as a financial specialist, scientist, analyst, find gaps in modern science, analyze trends and offer innovative ways to solve current problems.
History knows of cases when a blog became so expert and popular that its creator received dozens of offers – from creating guest publications to cool positions in leading financial companies.
So do not ignore this modern opportunity, and be sure to add a link to your blog in your social networks and resume (we will talk about this a bit later).
5) Follow and Analyze the Trends
The financial sector is dynamic and changeable. Most transactions have long been online, users have refused visits to banks and quickly resolve their issues using applications. AI systems and blockchain provide security and protection against fraud. All these are modern financial trends, and you also need to keep up with them. Technology destroyed a number of professions, but instead gave hundreds of new jobs and provoked new requirements for young professionals. Therefore, starting your journey in a financial career, make sure that you yourself are quite modern and advanced, and not only can distinguish between debit and credit but also understand how technology is changing the industry and what it can mean for you.
No one is already looking for work with the help of newspapers – everything has moved to online. Therefore, let’s see what you can do to become as visible as possible to potential employers.
a) It All Starts with the CV
First of all, you need to create a memorable resume. Of course, this is a topic for a separate article, so we will focus only on key points that are important for the financial sector.
- When describing your achievements, concentrate on quantitative indicators rather than on qualitative ones. You work with finances, so real numbers are your best friends in any business.
- Describe your expectations. Thus, you will save time immediately by eliminating vacancies that are not suitable, and you will not be forced to go for interviews in companies that just cannot give you what you want.
- Adjust your CV for every position you are applying for. There are neither universal vacancies, no universal resumes. Therefore, when you start a direct search on job sites, try to adapt your resume every time so that it fits as much as possible under the job description. Plus, add a cover letter to immediately attract the attention of a potential employer.
- Make sure that your resume is constantly updated and is at the top of search results. Very often companies begin to select potentially suitable employees even before the announcement of a new vacancy appears on their website or on job portals. Therefore, give them the opportunity to find you before they find any of your competitors. To do this, update your resume, add fresh data, make sure your contact information is up to date, and update the publication date so that your resume is in the first positions of the search.
b) Move to Social Networks
48% of HR managers use social networks to find new employees, especially if they need young professionals. Plus, this is an additional opportunity to learn more about you as a person, and immediately understand whether your inner values correspond to the values and missions of a financial company. For this reason:
- Be sure to create a profile on Linkedin if you haven’t done so yet. Fill out your profile using the information from your resume and update the headline, indicating that you are now actively searching for new offers.
- Create a post on Instagram with a story about yourself and indicate that you are looking for a place in the financial sector. Use appropriate hashtags.
- Do the same on Facebook. And by the way, here you can even run an inexpensive advertising company. Facebook provides cool opportunities for segmenting users, so you can definitely reach out to HR managers of financial companies located in your city or state.
c) Use the Power of Networking
Networking is a powerful tool to give the world the opportunity to learn about your intentions. Therefore, tell all your friends, colleagues and acquaintances that you want to start a career in the field of financial services, and ask them to recommend you at the opportunity. And by the way, recommendations also significantly increase your chances of being invited to an interview.
Do Not Chase Money – Chase Experience
Money certainly matters, and globally, this is what all people on the planet work for. But the question here is how do you feel about them. Sometimes an experience is more valuable than any money. Sometimes failure is an incentive for further development.
Therefore, do not chase money, but chase experience. Look at the novice programmers – most of them are ready to work for food, only to get the first experience and then have the right to claim more. Anyway, no one likes young employees who put money in the first place, without having enough background for this. Therefore, focus on how you can be useful to a particular company, and do not doubt that your work will pay off. This is one of the laws of the universe – you must first give something in order to receive something in return.
To start a career in the field of financial services is a fairly feasible task.
The financial industry is expanding and requires more and more specialists to address the new needs of the business and customers provoked by technology. If you have financial education, then you have only a few steps to the goal.
But even if you received a diploma of a different profile, this does not mean that a financial career is not for you – you just need to knock on other doors.
Invest in yourself first and show your willingness to invest your knowledge in the company in which you want to work and you will get both personal and financial results.