The financial field is complex, multi-layered, and highly competitive. If you’re not on top, getting the best employment deal, then someone else is – it’s just how things work in highly competitive spheres. However, you can boost your “employability” by leveraging your time in college and making the most of it. Here’s how to make yourself a demanded financial expert after graduation.
1: Get Extremely Good at Math
Mathematics is the queen of sciences. Perhaps representatives of the humanities can argue with this thesis, but financiers definitely do not need to do this. Besides the fact that people who study mathematics develop their intelligence and critical thinking, mathematics is at the heart of a number of financial disciplines.
Without understanding at least the basics of statistics, there is no chance of realizing what the expected return and risk are. It is impossible to judge these concepts only from common sense. It is so important that many learners delegate some of the redundant academic tasks to experts at MasterPapers and focus on studying core concepts and theories.
2: Read Textbooks by Famous Western Authors
It is quite possible to make a career in the financial industry without an appropriate classical education. Nonetheless, today, when compared to specialists with a strong knowledge base in the field, people without relevant qualifications rarely can keep up with professionals who have degrees and continually improve.
So, focus on learning core theory in the classroom, and be sure to be constantly reading new advanced information related to the financial field. Most definitely, read all the American financial theorists; however, don’t also forget to check out.
Instead of watching TV and reading newspapers and magazine articles by numerous gurus of the American stock market with unknown education, read a textbook on investment and corporate finance. For example, Investments by Bodie, Kane, Marcus, and Principles of Corporate Finance by Brealey and Myers.
3: Learn Accounting by International Standards
Unfortunately, accounting and reporting in accordance with purely American standards are not helpful in understanding the real economic condition of an enterprise. As a rule, a detailed immersion in its diverse and, in many respects, absurd forms only distracts from answering the question of what the financial condition of the company is.
For example, if you’re employed by a platform like paper writing service MasterPapers, which operates internationally and hires from every part of the world, knowing international standards by heart will boost your career.
Accounting according to international standards also suffers from a large number of shortcomings, but in general, its principles are much more reasonable, starting from the foundational “Essence Above Form” paradigms and continuing into advanced topics.
4: Learn Chinese
Learning Chinese can put you significantly ahead of your peers. Whether we like it or not, the entire world is simply waiting for China’s industrial development to progress even further. They are an incredibly big player on the market. The lion’s share of Nobel laureates in economics are scientists from Chinese universities. So, knowing Chinese will definitely make you stand out among all other candidates and make employers consider your application (especially those that are working in the Chinese market too or with Chinese firms).
5: Learn to See Reality in Figures
If you are not interested in a career in a subject area (to become a good financial analyst or specialist in another subject area of finance), but a career in the financial industry, then in this case you need to understand that management is, first of all, people, decision-making and subsequent control, which means practicing decision making, interpersonal communication, and other management skills.
You always must ask a lot of questions and try to get to the root cause of things. Just like you would try to fully assess a service when buying from the 2021 Trusted Academic Essay Writing Services Review, try to perform this inquisitive process with all financial data you’re working with. Approach this matter with attention to detail and analytical thinking – skills that any financier has to possess.
There are also a number of brilliant books on this topic, again by Western authors. But in this matter, practical skills and experience are much more important. Take the initiative and respond with excellent execution – you will definitely be noticed. And if they don’t notice, look for another place. The shortage of good talent at any level will never end, even during deep economic downturns.