A few traits you need to work in the financial services industry

If you want to succeed in the finance industry, you need to have these qualities.

Amongst the most important characteristics you can have in the business world, but specifically in the financial sector, is to be determined and resilient. The nature of the industry means setbacks are frequent; there are very few people, if any, that have had a long career without having some sort of hurdle to overcome. Not only is this quality vital in overcoming obstacles, it is beneficial because there are long working hours that are filled with busy schedules. As so many individuals want to work in finance, you must keep up a high work ethic to fend off potential replacements. The compensation for the demanding work load is generous pay and various other perks. With this sort of pay, people can retire very early, such as JP Livingston, who retired at 28 after a short yet effective career in finance. This choice is not for everybody, with so many investment bankers working at financial institutions well into their 70’s, but it is surely a alluring possibility.

As financial services are an sector that revolves around statistics and reacting to changes, having a strong intellect is critical to success. Particularly, people must have strong mathematical capabilities with an importance on analysing mathematical trends and figures. To prosper you require a real knack for identifying issues or anomalies in any set of data, and this requires a sharp eye for detail. Naturally, the most successful financiers come from a mathematical history, where they would have mastered something like mathematics, economics, or accounting at their universities or colleges. There are plenty of examples of individuals who do not study number-based qualifications who become successful in the financial services industry; all that is needed to be a strong candidate for a top investment firm, is that you have solid analytical skill and a good work mentality. An instance of the kind of work mentality you need is from Lars Windhorst, who began his first business when he was at school. While this is very uncommon, it is the level of persistence one should aim for to become successful in the investment world.

Finance and investment are all about trust building and convincing people that you are more reliable than your competitors. The financial market is really competitive, so convincing customers you are their best option is vital. To do this one needs to have good people skills, whilst also being vigilant of potential bad customers. It helps to be charismatic without being overly arrogant, in order to instil confidence but not so much that they believe you are not meticulous in your decision making. Having characteristics like these are what would have helped someone like Thom Weisel have such a effective career; investing and drawing investment is down to building effective relationships.

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