Want a Career in Finance? Here’s How to Get Started

Posted March 13, 2017 by in Career
Want a Career in Finance? Here's How to Get Started

    

Those working in finance have limitless opportunities and can receive some of the highest starting wages, as well as the opportunity to potentially one day earn a six figure salary. If you’re mathematically brained and have an interest in the financial world, here are the ways that you can land the perfect career in finance from scratch.

Learn the Lingo

Understanding all the complex financial terms is the most important part of chasing a career in the field. While a course may teach you the basics, you should open your vocabulary by reading publications such as the Financial Times and researching specific areas online that are a little fuzzy to you. Most of these terms exist to speed up having to describe complex processes, allowing quicker communication. This way when you go to interviews or have to speak with colleagues, you won’t be drawing blanks all the time.

Get The Correct Degree

Having some form of college education behind you is important. Most companies will look for a degree in a financial or mathematical field to ensure that you know what you’re talking about. If you do not have a degree, and you don’t feel you have the time to travel to a university on a regular basis, there are other options such as an online finance MBA.

Apprenticeships and other courses may be able to get you into some jobs too.

Build Up A Portfolio

To help you get your foot in the door, some experience may be handy. Some courses will offer a sandwich year in which you’ll be able to gain some work experience. In the beginning, some voluntary work may be needed to boost your CV. Consider helping out a self-employed friend or family member with their tax return. Alternatively, you could ask to do some work-shadowing at a bank or accountancy firm. There are other ways to further build up a portfolio such as starting a financial advice blog or linking up with a mentor.

Be Tech Savvy

The world of finance is rapidly changing due to the fast-changing pace of digital technology. Familiarizing yourself with accountancy software such as QuickBooks is important as such tech can speed up the way things are calculated. Also keep yourself informed of all new digital technologies in the financial world such as bitcoin, digital forms of electronic payment and new algorithms and analytics techniques. Staying ahead of the curve will make you a valuable asset to employers – or give your business the edge if you choose to be self-employed.

Getting a Job

Once you have all this behind, getting your foot in the door should be much easier. Apprenticeship schemes are a way of getting paid work that can help you rise up the ranks, however your starting wage will be very low. Apply to as many jobs as possible and use your networks. Remember that there are many areas that you can go into other than accountancy – you could become a broker, a financial analyst, a financial advisor, a banker or even a risk assessor for an insurance company or gambling agency. It may pay to find your niche – every trade you can think of runs on money so find a way of making your mark.