Finance, and business in general, are fields a lot of people gravitate towards because of their perceived prestige. However, what a lot of people don’t realise is how difficult the fields can be. It’s also not all boardroom meetings and private jets. Finance is primarily about numbers, and if you don’t have both a passion and the skills necessary, you might get disappointed very quickly. Before you decide to enter the field of finance, you have to assess your skillset, and see if you’re ready to take on this career path. So, do you have what it takes to work in finance?
Are You Good with Numbers?
Like we mentioned earlier, finance is primarily about numbers, so if you don’t have at least decent maths skills, chances are you’ll be in over your head in finance. The only chance here is either working hard on improving your skills or going into a related field that is less math-oriented.
For instance, fields like job recruiting require much fewer maths skills than chief financial officer jobs, while others might find their calling in executive coaching. So, don’t automatically assume that you can’t work in finance or a business-related field if you’re not a math whiz.
Are You Good with People?
If you intend to work in a field that involves management, then you’ll either need to have or be willing to develop interpersonal skills. You might need those skills even in fields where you wouldn’t expect it, like financial advisory for instance.
If you want to know more about jobs in finance, and what kinds of soft skills they require, I strongly suggest you check these guides out at University Compare. They have a variety of role profiles in fields including business advisory, financial management, and marketing management, just to name a few. You’ll know exactly what will be expected of you in each job and get a better idea of who would make the perfect candidate for these jobs.
Are You a Problem Solver?
You’ll also need some problem-solving skills if you want to be able to succeed in finance. Businesses run into problems every day and need people who are flexible enough to come up with innovative ideas and approaches when times are unpredictable.
You’ll also need to be able to analyse and simplify very large amounts of data. Some companies will need you to find ways to reduce operating costs, optimise workflows, solve supply chain issues, or resolve issues with employees. All these require someone who’s able to think on their feet and find solutions fast.
How Tolerant of Stress are You?
Finance can also be a very stressful and demanding job. You’ll have to be ready to start work early and leave late. You might also need to sacrifice some of your obligations. So, this is not particularly the best career choice if you want to have a fulfilling family life.
As you can see, working in finance is about more than making phone calls being a fancy desk. So, before you decide to make the jump, make sure that you’re cut out for the job if you want to be able to survive and thrive.