What do economic industry CEOs go through to reach where they are currently? Read this article for more information
One of the most fundamental finance skills that virtually every finance enthusiast requires to establish would focus on their accounting and financial expertise. A lot of people tend to believe that accounting and finance skills are just needed if you are actually considering an occupation in accounting. However, as William Jackson of Bridgepoint Capital would likely know, the economic industry world is interrelated, and every role within financial services needs you to understand the 3 main economic reports to at least an intermediate degree. Firms rely on these economic statements to manage budgeting, efficiency evaluation, and determine the cost of doing business through the selection of one of the most appropriate economic investments that may include bonds, equities and real estate. This is why you see many bankers, insurance analysts, or even asset managers with a chartered accounting foundation, and that is primarily because of the essential understanding accounting and financial services can give you prior to you specialise in your economic career.
Nowadays, among the most apparent hard skills in finance would definitely involve your quantitative skills. Numbers and data-driven data in general are the backbone of every financial services career. As Ferdi van Heerden of Momentum Global Investment Managers would understand, numerous financial institutions often tend to hire their interns, interns, or pupils from numerical fields, such as mathematics, financial services, chemical engineering, and information technology. This is because, as an economic analyst, you are required to go through detailed spreadsheets that are filled with quantitative information that you will likely require to evaluate, and having comfort with numbers is definitely a crucial skill to have in this case. One can argue that even back-office positions that do not necessarily involve data sets still require applicants to have some level of numerical or analytical experience, and this again reinstates the fact around quantitative data being the foundation of each operation within a financial services sector organisation these days