Essential Skills For A Finance Professional

finance professional photoMaximum careers in finance entail finding effectual ways to organize the wealth and cash flow of an organization. The students take up professional courses in finance in order to study the subjects like planning and management, wealth management, risk in investments, joint ventures, mergers and acquisitions, security analysis, portfolio management etc. This kind of knowledge opens door for them for a gleaming career in the finance service industry.

The organizations at the time of interview look for certain skills in their candidates. These skills are mostly inherited by the students during the time of pursuing financial planning courses.

What do the companies look for?

A study reveals that the companies look for individuals who are not only good with academics and theory, but also those who are highly motivated to work in a professional, pressure engaged environment. This can be one of the reasons that the students who dedicatedly complete the professional courses in finance tend to imbibe these skills. During their classes, mock sessions, corporate meets, internship programs, guest lectures and onsite visit programs they interact with the successful entrepreneurs and their teams. They not only learn about the work environment in these organizations but also get knowledge of what is expected of them at workplace.

Calculative ability:

As a student we all learn about the algebra, profit and loss, simple interest formulas, statistics, calculus etc. During financial planning courses we learn their real life implications. These tricks and formulas that we learnt in primary stages are used to solve various complicated financial market troubles every day.

Accounting:

Accounting is a subject that majorly deals with the cash inflows and outflows on day to day, monthly and yearly basis. The quarterly and annual results of the companies are declared on the basis of calculations of accounts of the company. For this reason, accounting becomes an integral part of the financial planning courses.

Economics:

With the study of economics, a candidate becomes equipped with the knowledge pertaining to the needs and wants of the firm. There are two branches in economics at the basic level microeconomics and macroeconomics.

The firms behaviour such as business to business dealings, business to customers dealing, impact of financial decisions on the success of the firms etc. all comes under micro economics while impact of global turmoil on a state or countries economy or a particular industry are dealt under macroeconomics.

Consumer Behaviour:

One major skill which plays an important role in the selection of any candidate during interview is the understanding of consumer behaviour. A successful finance professional faces umpteen challenges while trying to introduce any new strategy or plan from the company side into the market. All these plans respond generally in accordance with the expectations of the finance professionals provided he or she is a pro at the understanding of consumer behaviour and can mould their customers by showing the positive side of their new strategy in a certain manner. The professional courses in finance lay a major emphasis on the study of consumer behaviour. Even though it is a subject of marketing division, the finance professionals are also made to learn it during their course.