If you want to succeed in the finance industry, you need to have these qualities.
Finance and investment are all about confidence building and convincing individuals that you are more dependable than your opponents. The financial market is really competitive, so convincing clients you are their perfect choice is vital. To do this one needs to have strong people skills, whilst also being vigilant of potential bad customers. It helps to be charismatic without being overly arrogant, in an effort to instil confidence but not so much that they believe you are not careful in your decision making. Having qualities like these are what would have helped someone like Thom Weisel have such a effective career; trading and drawing investment is down to building successful relationships.
As financial services are an sector that centers around statistics and reacting to changes, having a strong intellect is critical to success. Particularly, individuals must have strong mathematical skills with an emphasis on examining mathematical patterns and data. To prosper you need a genuine knack for identifying issues or anomalies in any set of data, and this takes a keen eye for detail. Naturally, the most successful financiers come from a mathematical background, where they would have studied something like maths, economics, or accounting at their universities or colleges. There are lots of instances of individuals who do not study number-based qualifications who become successful in the financial services industry; all that is required to be a good candidate for a leading investment firm, is that you have good analytical ability and a fantastic work ethic. An example of the kind of work ethic you need is from Lars Windhorst, who started his first business when he was at school. While this is very unusual, it is the level of commitment one should aim for to be successful in the investment world.
Among the most essential attributes you can have in the business world, but particularly in the financial sector, is to be motivated and resilient. The nature of the industry means challenges are likely; there are very few individuals, if any, that have had a long career without having some sort of difficulty to tackle. Not only is this quality vital in overcoming obstacles, it is helpful because there are very long working hours that are full of hectic 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 undoubtedly a alluring possibility.