You may perhaps of dream of having a career in banking/ financial services! However, to get a job in this particular domain, you will need certain skills. Only then will be noticed by potential employers! There are some key competencies that such institutions seek in the candidates.
Top skills desired in capital markets
1. Influencing and Leadership:
To imbibe leadership skills, you do not have to be in any leadership position. Rather, get to know your organizational mission and strategy. This will allow you to be productive and to help fellow colleagues in their endeavors. It is essential to understand your Insurance Companies action plan, check out how to achieve the set goals as well as to support your colleagues.
2. Commercial Awareness:
This basic skill is something that all Wealth Management companies and bank seek while recruiting candidates. This is rather more about understanding the ongoing process within the organization. It also includes your organization’s competitors as well as in wider commercial environment. In case something occurs, then find out what impact it is likely to have upon the wider industry. It includes stock markets and Commercial Banks.
3. Communication skills:
It is not limited to getting across your point, but more to it. Rather, it includes non-verbal skills like understanding body language, verbal skills and listening. These are essential skills as there will constant communication between colleagues, vendors and even end customers. Also will be essential good knowledge of digital banking skills, as the world has gone digital. Most communication these days are done through the web. Hence, this is an important skill that should be present in all candidates.
4. Teamworking:
In any Investment company, it is important for every employee to take ownership of their responsibilities. It is essential to work with a team and develop leadership skills to move up the corporate ladder. You need to be good enough to influence, advice and negotiate with others tactfully. Get to know your roles. Find out how it fits within the wider group.
5. Problem solving:
Working in an Investment company will mean having to filter through scores of data. You need to figure out connections. Problem solving may combine several skills together. Insurance Companies do demand various essential skills in a candidate like analysis, commercial awareness, numeracy and communication skills. To derive appropriate solutions will require you to be good at research, emotionally intelligent and creative.
6. Numeracy:
Capital markets generally do not require financial modeling, calculus or equations. However, you need to numerate. It means, you should be in a position to work with graphical and numerical information. Also draw proper conclusions from the same, while explaining and reasoning it. Also find out how numbers can make an impact upon business decisions.
7. Networking:
To be successful in Commercial Banks and the finance sector, it is necessary to network. You are required to know relevant people in huge numbers. Many lack proper access such networks who may perhaps be of use to assist in their careers. Networking is more about getting to know others and asking lots of questions. It is a must have to enter a career in Wealth Management. Approach people belonging to your niche industry and set coffee meetings.
8. Personal impact:
This is quite an essential skill essential in digital banking and other financial institutions. Creating the best first impression is very much important in any industry. This is rather considered all the more important in the financial sector. This is because money is involved here. With the right impression created, you can control how you wish others to view you.
With the above-mentioned skills, you can easily enjoy a flourishing career in financial services.
There are several skills that you need to inculcate if the desire is to be part of the financial sector. These skills are vital to survive and achieve growth among intense competition in this industry.
