If you really want to be successful in the finance industry, you need to have these attributes.
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 customers you are their perfect option is essential. To do this one needs to have good people skills, whilst also being vigilant of possible bad clients. It helps to be charismatic without being too arrogant, as a way 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 somebody like Thom Weisel have such a successful career; investing and drawing investment is down to constructing effective connections.
One of the most crucial qualities you can have in the business world, but particularly in the financial sector, is to be determined and tough. The nature of the field means challenges are likely; there are very few people, if any, that have had a long career without having some sort of hurdle to overcome. Not only is this attribute essential in overcoming obstacles, it is beneficial 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 possible replacements. The compensation for the intense work load is generous pay and various other perks. With this sort of pay, people can retire 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 certainly a attractive prospect.
As financial services are an business that centers around statistics and reacting to changes, having a strong intellect is pivotal to success. Specifically, individuals must have strong numerical capabilities with an importance on studying mathematical trends and figures. To succeed you need a real knack for pinpointing problems or anomalies in any set of data, and this takes a keen eye for details. Naturally, the most effective financiers come from a mathematical history, 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 needed to be a good candidate for a leading investment company, is that you have strong analytical ability and a fantastic work mentality. An example of the kind of work mentality you need is from Lars Windhorst, who started out his first business when he was at school. While this is very exceptional, it is the level of dedication one should aim for to succeed in the investment world.