5 skills needed in finance
As a finance professional, there are skills that put you ahead of the competition, whether you are applying for a new role or trying to achieve a promotion. From technical to general skills, this blog outlines five skills you should consider mastering for success, and how our MSc Finance and Strategy can help you to do so.
1. Interpersonal Skills
Good interpersonal skills will make you an individual that others want to work alongside, instilling mutual respect and trust amongst clients and colleagues. This can be useful in financial management and leadership roles, as being approachable can aid the success of a company running efficiently and without conflict.
Coming across as an expert, whilst also making information presentable so others can understand can be tricky, so mastering interpersonal skills can position you very favourably when going for more senior roles.
2. Problem Solving
In the modern financial landscape, having expertise in systems and processes often isn’t enough. It’s also crucial you can tackle complex problems in real-life situations as they arise and ensure they are resolved efficiently and effectively, meeting your internal and external customers’ expectations.
This ‘real world perspective’ is highlighted in the Strategy and Leadership module on our online MSc Finance and Strategy. This module allows you to critically consider the strategy of organisations and their strategic choices, and the influence that a change of management can have, within a variety of organisational contexts.
3. Commercial acumen
Commercial acumen is about knowing your role, company and the world around you. In simple terms, this is about understanding how markets work and having insights into trends or technologies that are reshaping the financial landscape. But it involves going a little deeper than that and tapping into these trends to increase business success.
As part of the Financial Technologies module on our online MSc Finance and Strategy, you’ll gain a strong understanding of financial technologies emerging within the sector. This allows you to critically examine the impact of the technologies and the potential risks that they hold for the future.
4. Capacity to innovate
The fourth important skill for financial professionals is the capacity to innovate. Whilst finance is traditionally associated with processes and systems, the ability to innovate is a great stepping stone to success. Whether you are innovating new products for consumers or making processes more efficient, being able to innovate within your role and contribute ideas to wider teams can go a long way in proving that you are a well-rounded individual with business success at the front of your mind.
On our online MSc Finance and Strategy, you’ll have the opportunity to network with other finance professionals across the world, sparking interesting conversations and sharing of experiences. This encourages innovation and creativity, allowing you to take learnings and apply them to your own role, or aid others with theirs.
5. Critical thinking
Critical thinking is another required skill in financial roles, particularly for more senior positions. This will allow you to link your role to the wider business vision, as well as your own projects to those of others.
As part of the Critical Reading, Writing and Literature Research module on our online MSc Finance and Strategy, you will develop your critical thinking, reflective writing and other added study skills, including analysis and referencing, to a masters level. You will also be introduced to the research skills that are needed to produce a successful literature review, putting you in good stead to be a critical thinker in the workplace.
Why Study MSc Finance and Strategy at Manchester Metropolitan?
Throughout the course, you’ll develop the skills required to lead in a rapidly evolving financial world. With specialist units in financial technology and innovation, corporate governance and risk, performance management and more, you’ll gain the in-depth knowledge you need to keep abreast with modern technologies, regulations, and requirements.
Plus, if you already have a professional finance qualification from a recognised institution, such as ACCA, ICEAW, ICAS and CIMA, you could be exempt from up to four of the course’s eleven modules. What’s more, on successful completion of the course, all students can accelerate their CIMA Professional Qualification by entering CIMA’s Masters Gateway route.
“Many finance companies now expect their employees to have a postgraduate education before they are considered for more senior roles. Students who have achieved the qualification online invariably go on to apply for higher paying and more challenging positions in their companies, often shortly after graduation.” – Dr Michael Flannigan: Programme Leader, Senior Lecturer and Fellow of the Foundation of Management Education
The course is for various groups of people, who all value the flexibility and convenience of being able to study and earn a qualification from a renowned UK university, in their own homes, at a convenient time. Although it is not easy and still requires work and effort, students can balance learning with family, work and personal goals.
If you want to be at the forefront of the finance industry, visit our course page to learn more about our online MSc Finance and Strategy.