How can youngsters fast-forward their career in Finance

Young financial managers should ace

these common skills to build a strong

career writes Ashwani Kumar Varshney

Knowledge of specific skill sets required to best fit the finance domain demands a carefully charted roadmap.

The job market is looking for efficient financial managers. This is because the finance domain is one of the major

functions of any organisation and hence this offers career opportunities and fast

growth. However, the space demands ample skilling in the current paradigm. To help young graduates aspiring to build a strong career in finance, they need to develop these key skills to put their careers in a fast-forward mode.

Curious about critical thinking

The ability to rationally ex- amine a piece of information and arrive at a well-informed and reasoned judgment about a situation is extremely important for finance students. In the present industry scenario, organisations do land up in similar situations that require the critical thinking ability of the employees. This helps in dealing with issues faced by the finance department. To develop critical thinking, the graduates can follow the process of identification, research, understanding bias, drawing inferences, determining relevance and being curious.

Crisis management

The pandemic has given a harsh business reality check. Most organisations have attained an in-depth realisation that a crisis can occur at any point in time and may impact huge business profits. Though full anticipation is less likely to happen, efficient managers can develop contingency plans to navigate through the aftermath of a disaster. This is one area where the graduates need to work well. Other than the pandemic, the industry remains in a dynamic state and any form of crisis can occur at any point. On ne eds to be prepared.

Risk analysis

One of the major prerequisites of choosing a career in finance requires an ability to analyse possible risks and ways to contain them. Each organisation, regardless of its size, deals with some kind of risk, so they look for specialists or financial managers in the field of evaluation, to facilitate the organisation in decision-making.

Articulation and negotiation

Irrespective of the domain, the art of communication, articulation and negotiate tionnegotiation is important. To excel as a finance expert, one needs to articulate one tho thoughts besides dealing with numbers. One must learn to explain the ideas well to negotiate during a business deal.