Do you desire a difficult but interesting career? If you do, the financial sector is a good place to look.
In total, the list of career paths in finance is considerable, varying from financial analyst to investment banker to compliance officers, as those working for regulatory authorities like the FCA would confirm. No matter what career pathway you would like to seek, there is always one unavoidable part of the application procedure; job interviews. Job interviews are a vital aspect to any type of financial career, regardless of the position or expected salary. Even the top CEOs for financial institutions frequently need to interview, so it is crucial to do some research on the recommended interview tips for finance jobs. Essentially, the golden rule of interviewing is to do some comprehensive research on the actual company itself, in addition to the particular role here you are interviewing for. By demonstrating that you have taken the time to get-up-to-speed with the company is a great way to impress the interviewer. Also, showing that you have industry knowledge and are up-to-date with current financing news and trends is additionally a reliable way to prove your genuine interest and enthusiasm.
In the competitive world of finance, there are various types of financial services and sectors, which implies that there is a lot of variation and versatility in regards to career paths, as those working for regulators like the MFSA would verify. For those that are keen to understand how to start a career in finance, one of the biggest recommendations is to try to gain as much work experience as possible. As it is such a competitive industry, virtually every entry-role or post-graduate scheme tends to have hundreds of applications, which is why it is essential for your curriculum vitae to stand out from the crowd. One way to stand out and impress recruiters is to have some relevant experience under your belt. For instance, internships, apprenticeships and summer work experience placements can give valuable real-world experience and opportunities to build your professional network. Even if it is just a few weeks of basic administrative duties, it still gives you some useful insight into what it is like to be part of the financial industry. Asides from looking great on a resume, it is also a great way to determine what type of position or sector you are personally interested in as a career path.
Within the financial industry, there are various types of finance jobs that individuals can go after, ranging in wage, credentials and experience, as those working for regulators like the BaFin would definitely know. If you have an interest in learning how to get a job in finance, one of the very best starting points is to acquire the ideal credentials. Since the financial sector is really competitive, most employers prefer their job applicants to have at least a bachelor's degree under their belt, ideally in a relevant topic like finance, economics or accounting. As a matter of fact, depending on the role you are making an application for, financial establishments may even desire further education in the form of a masters or PhD. The reason why several finance recruiters and employers want their prospects to have a university degree is the easy fact that that degrees help candiates build strong foundations in finance. Besides, university degrees provide students the opportunity to develop key technical skills like financial modelling and data analysis, as well as gain experience in very useful soft skills like problem-solving and communication.