There is Still a Way to Make in Finance Industry: Most in Demand Skills for the Future!

You are probably wondering what is it that you can do with your degree? Perhaps you are wondering what skills do you need to make it in the finance industry?

I had found 12 of the most in-demand skills for the finance industry.

                  

• Tax Compliance- is particularly important for large corporations. Not only do these organizations want to minimize legal risks, but they also want to find opportunities to cut costs. A tax compliance manager or analyst would therefore be responsible for staying on top of changing legislation, outlining clear policy around financial records, preparing tax files and submission, and more.
• Risk Assessment- Today's financial employers are looking for someone who can systematically evaluate the potential financial risks associated with a project, business division, and investment. Investors and business managers use risk assessment to determine whether or not a venture is worthwhile, the rate of return on investment will produce, and how to mitigate potential losses. 
• Asset Management- whether it's related to advisory services or corporate finance, asset management is important for  maintaining and disposing of assets at the most cost effective time. Todays financial service companies are looking for employees who can coordinate and oversee a client's portfolio, including investments, budgets, insurance, and taxes. They also want to insure their own assets are maintained, accounted for  and put to their best use.
• Process Improvement-Financial employees are sought after for their ability to identify and analyze existing business processes and optimize them for new standards.
• Accounting Systems- the process of maintaining financial system--which was done paper-based-- is now done through various forms of accounting software. Financial employees now seek tech- savvy applicants who have experience not only with using these computer systems, but also with turning their information they produce into meaningful data. 
• Risk Management- while risk assessment is the process of evaluating the liabilities of a potential investment or action, risk management is the process of implementing and developing solutions that address these problems. Individualize who specialize in financial risk management usually don't make a company's investment decisions. Rather, they create risk guidelines for those who do. Risk assessment and risk management go hand-in-hand. So, most employers will be looking for candidates who can do both effectively.
• Structure Query Language (SQL)-The ability to store infinite amounts of data in both physical drive and the cloud is changing the way most companies function--it gives them the ability to track and analyze exactly how they perform of the day to day basis. All of this information is stored in the databases, and SQL is the main method used to harvest the data. Today's financial employers (especially those who are not technically inclined themselves) want someone who knows SQL and can use it to retrieve the data and analytics needed to drive decisions.
• Enterprise Resource Planning (ERP)-is process management software that allows an organization to manage and automate business functions. Financial ERP software gathers financial data and generates reports like ledgers, balance sheets and quarterly statements. Many companies today are beginning to compete on a global scale, and ERP is becoming even more crucial for streaming process. 
• Loss Prevention- Preventing financial goals is one of the most important goals of any organization--but it is even more crucial for finance and accounting firms. As companies become focused on optimizing processes and reducing costs, employers will look for candidates who have the critical thinking and problem solving skills to anticipate and prevent loss before it happens. 
• Multi State Payroll- There is a significant number of employees who live in a state different than their employer. Because of this, employers need a financial officer who knows how to comply with state and local tax laws in a multi- state employment situations. 
• Data Collection- Financial institutions will be hiring employees who are familiar with data collection and harvesting (often through methods like SQL, as mentioned above).
• Data Visualization- Once organizations collected their data, they need employees who can visualize it (usually in the form of graphs or charts) so it can be analyzed. When data is presented visually, organizations are able to find relevance among variables, communicate hypotheses, and even predict future outcomes. 

GET THE SKILLS YOU NEED FOR A SUCCESSFUL FINANCE CAREER PATHS.

Perhaps you feel overwhelmed or even intimidated with this amount of information, I have good news for you. You can change your career to something else with the skills that you have already acquired. Watch the video below and see what I mean. 

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