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How can I enter the financial sector and remain competitive? Ask HR
Start with family, friends, and former colleagues when you want to grow your professional connections. They can provide valuable advice and connections.
Johnny C. Taylor Jr. addresses his human resources issues as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world’s largest HR professional society, and author of “Reset: A Leader’s Guide to Work in an Age of Upheaval.”
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Question: I just graduated and am starting my career in finance. What advice can you give to stay competitive in my field and grow in my career? – Izzie
Answer: Congratulations on your recent graduation! Your career in finance is sure to be an exciting journey. Here are some key strategies for success:
1. Join professional associations. Member associations offer valuable resources such as industry-specific research, professional development opportunities and networking events. This will keep you informed about industry trends and advancements. Many associations also offer certifications and training programs that can enhance your credentials and knowledge.
2. Grow your professional network. Start with family, friends and former colleagues. They can provide valuable advice and connections, even if they are not in finance. Attend professional events, conferences and alumni gatherings. Building relationships with coworkers, managers, and industry leaders can open doors to new opportunities. Use platforms like LinkedIn to connect with professionals in your field. Join finance-related groups and actively participate in discussions.
3. Demonstrate initiative and work ethic. Volunteer for challenging tasks and take leadership on projects. Seeking opportunities for advancement shows your willingness to go the extra mile. Participate in leadership development programs offered by your employer or professional association. Show your value by consistently delivering high-quality work and demonstrating your tenacity. This will help you stand out from your peers.
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4. Commit to continuous learning. Learning does not end with formal education. Industries like finance are constantly evolving, so staying informed is at least as important as earning your initial degree. Read industry magazines, subscribe to financial newsletters, and follow trusted financial news sources. Commit to your professional development. Attend seminars, workshops and conferences to keep your skills and knowledge up to date. To enhance your qualifications, consider earning an advanced degree or professional certification, such as CFA (Chartered Financial Analyst) or CPA (Certified Public Accountant).
5. Develop power skills. While some call them soft skills, I call them power skills because they can increase your technical acumen and tremendously improve your ability to work with others. Strong communication and teamwork are crucial in finance. Work on effectively conveying complex information and collaborating with diverse teams. Cultivate your ability to analyze data and solve problems creatively. These skills are highly valued in your industry.
6. Seek mentoring. Look for experienced professionals who can provide guidance, support and insights into the financial sector. Constructive feedback from mentors and peers can help you identify areas for improvement and growth.
7. Set career goals. Set clear short- and long-term career goals. This will help you stay focused and motivated. Periodically reassess your goals and adjust them as needed to align with your evolving interests and the changing landscape of the financial industry.
I will add one more suggestion: Keep your options open. As you advance in your career, you will likely develop expertise in certain areas. Be willing to see how your experience can be applied in other areas. Discover how your experiences can complement and add value to other disciplines and fields. So don’t get stuck in an isolated mindset. Explore ways finance can vastly improve other business functions, industries, and sectors. This will create flexibility in your career and expand your options for growth.
By employing these strategies, you can position yourself for success and growth in your financial career. Good luck on your journey!
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This article originally appeared in USA TODAY: How to start working in finance? Tips for staying competitive