If you are looking for a career in accounting and finance, your CV should focus more on your special financial skills than just your grades. What special skills should highlight your stronghold in the finance sector? How can you push yourself forward in the career market? How do you prepare a resume highlighting your financial points and pitches into the world of numbers? This blog will serve all answers to these questions and the like. Dive in and learn more.
Financial Literacy: Why do you need it?
Financial literacy involves understanding various financial skills, such as managing personal finances, budgeting, and investing. It also focuses on learning concepts such as the impact of time on money, compound interest, effective debt management, and financial planning. Developing financial literacy can assist individuals in avoiding poor financial choices and working towards self-sufficiency and financial security. Essential steps to achieve financial literacy include mastering budget creation, tracking expenditures, clearing debt, and planning for the future.
Financial skills resume
The top finance related skills that are to be present in your resume include a formal accounting qualification (degree or diploma), analytical ability, investing skills, communication and interpersonal skills, expertise in digital tools, problem-solving skills, financial reporting and management experiences, IT software knowledge, leadership skills and your capacity for innovation. Let us look into the details of what such skills mean.
Accounting qualification
In India, the least qualification to become an accountant is the completion of 12th grade in school. This can be done in any stream except for fine arts and pure science. After this, you can pursue your studies in accounting by earning a degree or diploma, which makes you eligible to become an accountant. So after finishing your 12th grade in schools (any board is ok), you may have to do a degree in Bachelor of Business Administration (BBA), Bachelor of Commerce (B Com) in accounting and finance or accounting and taxation, or a B Com in accountancy itself. If you want to increase your stronghold further, you can consider doing a master’s program in the same streams. Also, diplomas and postgraduate diplomas in the accounting stream can also add value to your financial abilities.
Analytical ability
Analytical skills are important finance skills in the workplace as they allow individuals to visualize and solve complex problems, make business projections, and generate new ideas. These skills involve using existing information to accurately assess situations, understand cause and effect, and also predict the impact of possible solutions. Employers value the analytical skills of the candidates as they are critical for developing and strategizing a company’s operations. Some valuable analytical skills include attention to detail, research, data mining, data analysis, theorizing, diagnostics, organizing, evaluating, problem-solving, forecasting, and decision making. These skills help individuals to gather, analyze, and interpret data to make informed decisions and act strategically.
Investing skills
There are two major types of investments, traditional and alternative investments. Traditional investments include investing capital in well-known assets like Equities, Fixed income and Unit/Mutual funds. Alternative investment comes with risks as it involves putting your money in Private Equity, Real Estate, etc. investing skills is one of the crucial finance skills for resume. Developing investing skills is crucial for anyone looking to grow their wealth through financial markets. Understanding your investment strategy and goals, conducting thorough research, and staying informed about the global financial market are essential skills. Additionally, honing your analytical abilities, diversifying and rebalancing your portfolio, and cultivating patience are important for successful investing. Acquiring these skills can help investors make decisions and navigate according to the market effectively.
Communication and interpersonal skills
Strong communication combined with interpersonal skills are crucial to succeeding in the financial domain. The ability to clearly and precisely convey thoughts and ideas to your team contributes to good communication. In addition, professionals are no longer confined to their cubicles; instead, they engage with clients, third parties, and colleagues across the organization. This shift makes interpersonal skills essential, especially in roles like investment banking and accounting, where establishing solid customer relationships is inevitable.
Financial reporting and management experiences
In the finance sector, businesses require competent individuals capable of producing thorough and precise financial reports. Highlighting your expertise in generating financial reports and deriving meaningful conclusions from them on your resume show potential employers that you possess the capacity to deliver precise reports. Having experience in management is greatly preferred. Over time, this experience could pave the way for advancement into a managerial role, combining with team leadership responsibilities. You can get information on job vacancy for freshers on many online platforms nowadays in the financial sector that guide you to apply for interviews.
Problem-solving skills
The finance industry is impacted by numerous variables, leading to its unpredictability. While possessing a strong finance background is valuable, the ability to swiftly adjust to shifts and tackle intricate issues is equally crucial. Showcasing these skills on your resume can be achieved by recounting a challenging situation you faced in a previous role and detailing how you addressed it.
Leadership skills
Recruiters prefer those candidates who show the potential to fill roles for leadership in the future. If you have experience in leading a team in your past job and have noted that as one of your top skills for finance resume, it tells recruiters that you have potential to take on a more senior role in the future. During the interview, you can tell them stories of past work experiences about how you can share stories from past work experiences where you led a team, demonstrating your ability to manage tasks and special projects with minimal supervision.
In conclusion, including specific finance skills in your resume is necessary for standing out in the fiercely competitive finance industry. Demonstrating your expertise in areas such as analytical ability, investing skills, communication and interpersonal skills, financial reporting and management experiences, and problem-solving skills can significantly enhance your appeal to potential employers and increase your chances of being recruited. By highlighting these skills, you can effectively showcase your eagerness and ability to excel in the finance related careers. The latest free job alerts are available in your finger tips that amplifies your chances of securing exciting opportunities in the field.
