Topic > The Fundamentals for a Career in the Financial Industry

A degree in finance or economics is a condition for getting a job in the financial industry, but what if you don't get one and you really want to work in this field? While it is harder for someone with a non-finance degree to find a job in the finance industry, there is still hope. Every employer wants smart, dedicated and motivated employees who know how to do the job well. A finance degree will impart skills such as financial modeling and analysis, but may not do much to offer other skills needed for success in almost any profession, such as communication, analysis and time management. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Below are some ways to reveal to likely employers that you possess the skills they want in an employee, as well as the infatuation necessary for a successful career in finance. We will evaluate each of these based on the degree of difficulty to achieve (for example, enrolling in a finance course is easier than getting an internship) and the positive impact it could have in bringing you closer to your goal of taking an internship. career in the financial sector. Learn the lingo. If you're interested in a finance career, there's no excuse for not knowing Wall Street lingo. If you don't know the difference between NPV and DCF, consider learning financial terms and concepts by browsing the extensive dictionary of terms on sites like Investopedia or reading the Wall Street Journal. Not knowing the financial language can make it almost impossible to pass the preliminary interview phase for a graduate in non-financial subjects. This is because an interviewer generally assumes that a candidate for a finance position is knowledgeable about finance, regardless of their educational background. Complete Your Education What if you majored in a subject other than finance? You can always rectify the situation by taking relevant courses with an emphasis on finance or business at the undergraduate or graduate level. At the college level, economics, accounting, or financial analysis courses are great options. For graduates, many choose PGDM as its substantial finance component serves to level the playing field between finance and non-finance graduates. Expand your knowledge base Relevant knowledge isn't just gained through a degree. There are many resources available, through your local library or online, to further your financial knowledge. These resources may be free or available for a fee from course providers. Being self-taught in a challenging field like finance demonstrates a number of attributes that are desirable to an employer, such as initiative, passion and determination. Use a Trading Simulator Numerous websites, including Investopedia, have trading simulators that can be used to build mock portfolios. Using a trading simulator will force you to monitor the markets and keep abreast of market developments. This is a great way to impress a potential employer with your trading ability, or at least your knowledge of the market, with minimal investment on your part, other than a certain time commitment. Connect with a Mentor Connecting with a mentor is another way to launch a financial career. A mentor can be anyone in an influential position who thinks highly of your abilities and is willing to help you achieve your goals. Possible mentors include your favorite professor at university, a family friend, or a relative with a successful career.