Finance is a challenging world for fresh professionals. The fact is that half of the graduates hardly find jobs according to their degree programs. Graduates who wish to start a finance career face huge competition as others have the same level of education as they have. Your skills and personal growth can help you stand out from the crowd and get more attention from employers. If you have decided to continue a career in finance, there are enormous ways to become successful.
Here are 7 tips from the best finance masters that help fresh professionals succeed in a finance career and gain experience to improve their resumes!
1) Prove You’re A Professional
Many fresh graduates hired in any organization show less than professional behavior in the workplace. There is no place for such habits when working in an environment that demands professionalism, specially in the finance department. You have to appear and act disciplined and serious towards crucial financial information to avoid any errors.
Young employees need to figure out ways to look like adults, establish better listening skills, and optimistically represent their organization at all times.
2) Advance Your Learning Experience
An MBA is always relevant and valuable for a successful finance and accounting career. If you wish for a job that offers a high salary package, an advanced degree program can help boost your earning potential by over 40 %.
Many business schools offer online masters in accounting with no GMAT programs for both finance and accounting professionals. There are also MBA online programs that you may consider applying to. Such degree programs save you time and money while eliminating the requirement to take a test for getting enrolled. More importantly, MBA programs offer new professionals with extra training before initiating their finance careers.
3) Be Passionate About Finance
To have long-term success in a finance career demands an extreme passion for boosting up your ambitions. Some most influential and famous names of the finance industry, such as Glenn Hutchins (co-founder Silver Lake Partners) and Julian Robertson (founder & former CEO Tiger Management), pursued a finance career because they believe they can face challenges that come with it.
Also, they were deeply passionate about it. Focus on your passion for finance and recognize why you want this career so much. You need to seriously find the reason that is much beyond the hunt for money and status. Choose finance as your future career if you are willing to give something valuable to the industry. Even in your most challenging time, your passion for finance will confirm your success.
4) Seek Out Education Beyond the Classroom
Textbooks and courses are undoubtedly the most significant source of getting an education, and they always will be. However, many successful financial leaders get most of the invaluable knowledge of finance outside of their formal degree programs.
Every young professional should develop the habit of keeping track of emerging trends and have the know-how of successful finance organizations and experts. The knowledge you get beyond your classroom will set you apart from your peers.
5) Take Early Internships
The first internship program you join is a practical experience of what you have learned so far. Before you step into the finance industry, you can have many options to explore relating to different fields.
As a finance freak, you need to consider internships with other organizations, small businesses, nonprofits, and marketing agencies before pursuing the finance field. A finance degree can provide you with the core knowledge, but early internships can offer a diverse, practical experience that will be an addition to your resume.
Be it undergraduate, diploma, or graduate program all help in providing invaluable networking opportunities. Try to connect and foster an honest relationship with people with the same field of interest as you and those in the finance business.
Only a single powerful contact can give your career a kick start that brings numerous unexpected opportunities. In addition, your fellow mates will have a similar career field as you and can work for companies that someday you want to reach. So, be sure to stay in connection with them.
7) Always Concentrate on The Intangibles
To land your dream finance job developing soft skills is now becoming ever more critical. On paper, almost every candidate looks alike, holding similar degrees and internships. However, well-developed skillsets will give you a competitive edge and make you stand out among others before the interviewer and leave a good impression. Pay attention to your listening skills, communication skills, and behave professionally.
The finance industry is, so far, one of the most extensive rewarding career fields. Your success in this field relies on your skillsets, experience, and, most importantly, your passion for finance. Young professionals with early internships get hands-on experience practicing what they learned from their degree programs.
Finance experts suggest improving professional behaviors and maintaining discipline in the workplace to stand out from other candidates. These expert tips can help you gear up your finance career and help sustain it in the long run.