Do you want a difficult but interesting career? If you do, the financial market is an excellent place to look.
In the very competitive world of finance, there are numerous types of financial services and fields, which means that there is a lot of variation and versatility in terms of career paths, as those working for regulatory authorities like the MFSA would confirm. For those who are eager to know how to start a career in finance, one of the greatest suggestions is to attempt to obtain as much work experience as feasible. As it is such a competitive industry, every entry-role or post-graduate scheme tends to have hundreds of applications, which is precisely why it is crucial for your curriculum vitae to stand apart from the crowd. One way to stand apart and impress employers is to have some relevant experience under your belt. For example, internships, apprenticeships and summer work experience placements can provide valuable real-world experience and opportunities to build your professional network. Even if it is just a few weeks of basic administrative tasks, it still provides you some valuable insight into what it is like to be part of the financial sector. In addition to looking good on a CV, it is likewise a good way to figure out what type of role or sector you are personally interested in as a job path.
Within the financial industry, there are various types of finance jobs that people can go after, ranging in income, credentials and experience, as those working for regulators like the BaFin would understand. If you are interested in learning how to get a job in finance, one of the best starting points is to acquire the ideal credentials. Considering that the financial sector is really competitive, most employers prefer their job candidates to have at least a bachelor's degree under their belt, ideally in an applicable subject like finance, economics or accounting. In fact, depending on the role you are applying for, financial establishments might even desire further education in the form of a masters or PhD. The main reason why lots of finance recruiters and employers want their prospects to have a university degree is the straightforward fact that that degrees help candiates build solid foundations in finance. After all, university degrees provide students the opportunity to develop essential technical abilities like financial modelling and data analysis, as well as gain experience in vital soft skills like problem-solving and communication.
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 verify. Regardless of what career route you want to seek, there is always one inevitable part of the application process; job interviews. Interviews are a crucial element to any kind of financial career, regardless of the position or expected income. Even the leading CEOs for financial institutions commonly need to interview, so it is necessary to do some research on the highly recommended interview tips for finance jobs. Essentially, the golden rule of interviewing is to do some thorough research on the actual business itself, in addition to the read more specific role you are interviewing for. By demonstrating that you have taken the time to get-up-to-speed with the firm is a great way to impress the interviewer. Likewise, showing that you have industry knowledge and are up-to-date with current finance news and trends is also an effective way to prove your genuine interest and enthusiasm.