It is difficult to get into financial services.
Experts say it is crucial to be smart in your job search in order to land a good-paying job. What can you do to quickly move up the career ladder once you have a degree from finance?
These are some things that you should know in order to start a career in the Financial Services Industry.
Positions at Entry Level
Financial service employers have become more dependent on internship programs in recent years to fill their entry-level roles. This is beneficial for them, as they get a chance to carefully assess an individual’s strengths and weaknesses while they are still in a learning phase. Organisations can save time by evaluating the performance of applicants who have some knowledge of the business. Therefore, if you are a student try to get internship experience as soon as possible even if it doesn’t pay a lot.
Create a strong academic background
A few decades ago, it wasn’t uncommon for individuals working in the financial service industry to come from various backgrounds and learn about work along the way. Today, you need a four-year college education in a specific field. Make sure you don’t just stick to the books; take part in relevant co-curricular activities so that employers know you have practical knowledge along with academic expertise. A strong academic record and a high GPA are essential for candidates to an investment banking job. This shows that candidates can take on challenging coursework. It also demonstrates a superior work ethic.
Enhance your interpersonal skills
As a registered representative, you can be persuasive and well-informed. If you’re good at math and numbers, you might be a good choice for a position as a financial analyst. Whichever field you choose, it’s essential to have excellent interpersonal skills if you want to go a long way. Financial services require exceptional number-crunching and quick judgments. To stand out among the crowd, you must have perseverance and be competitive.
Don’t Be Afraid Of Following Your Passion
It is important to remember that not everyone who works in financial services has been there since the beginning. Most people who land in the brokerage industry don’t start from the same place. Many people draw on the skills and experience they have gained from previous jobs to find better positions. Even if you have worked in finance for some time, it is possible to switch. You can, for example, Matthew Smith BNP Paribas went from a job as an English language teacher at a school to a job in finance. After earning a Bachelor of Arts in Business Studies, he moved into the tourism sector where he worked as an English language teacher and also traveled around the globe. It all depends on how you approach your passions and what you are willing to try out the many options available.
Bottom line: The financial services industry offers many opportunities. You can succeed in spite of stiff competition if you are persistent.