Career Success in Finance and Investments
- Are you happy in your current career?
- Are you earning the salary you want?
- Do you have the position you really want?
What I want for you is to be able to answer “yes” to these questions. Career success in the finance and investment industry is achievable when you have a plan to follow and take the actions necessary to achieve your goals.
As Career Coach and Job Search Coach, I receive many career-related questions each week so I decided to list them here along with my answers. I provide this great information to help you move forward in your profession and find rewarding work.
These are the topics I cover below:
How do you know if you're well-suited to this industry? If we knew how well we could match up with a field BEFORE we jump in, wouldn't we be better off? This is an industry that is very lucrative, but you must have what it takes to do well. You'll have to work long hours and be willing to go above and beyond, but if it means you could live in international countries earning six figures and up, wouldn't it be worth it to you?
Well, like any field, it takes hard work, dedication, and strategy. Nothing in life that’s worth achieving is simple to do otherwise everyone would do it. I hear so often of people who hate their jobs, are passed over for promotions, or who dream of something better. I say “Go for it!”
Here are 5 career success strategies to make your career dreams come true.
1. Know what you want
This means creating a few key career goals that will support you in finding direction for your job search. What would make you happy? Is it a new career at the same company? Is it a new career at a new company? Or do you love what you do but would like more responsibility working at a new company? Once you’ve decided what you want you’ll have clarity of direction.
2. Know what you’re good at
Where are your skills strongest? Are you analytical? Do you have great negotiation skills? Do you have entrepreneurial skills that would transfer well to a finance career? How are your communication and people skills? Focus on what you’re good at or acquire the skills you need.
3. Go after what you love
When you’re doing work you enjoy, you will do your best and you’ll be happy doing it. Studies have shown that when people pursue their passions they tend to earn more than if they focus solely on the money they could earn in a specific industry or career. So I’m giving you permission to seek the career of your dreams.
4. Maintain a positive attitude
No one likes a critical, negative person, so work on developing a “Can do” positive attitude during your job search, in job interviews, and in all phone calls and email correspondence. If you become known as a person with a positive attitude, you will gain a competitive advantage!
5. Keep the lines of communication open
One key strategy to career success is to maintain beneficial connections throughout your job search. Who do you know? Most people know at least 250 people. Connect with your former classmates, your past work colleagues, your current work colleagues, and anyone else you know. You are more likely to get that dream job through your connections than you are through people who don’t know you.
The investment and finance industry is unique in that you often must possess financial skills to land your dream job. But that’s not all you need! You need to know what you want, know what you're good at, go after what you love, maintain a positive attitude, and keep the lines of communication open. As long as you create a plan and stick to it, you’ll be heading in the right direction.
In the finance and investment fields, you have to stand out to get the attention of hiring managers and recruiters. In order to do that, you need a very strong personal brand.
You'll need a great Job Search Elevator Speech to start with because using your personal and professional network will help you find warm opportunities, which are the best kind to have.
Are you an asset to your company? Would your manager fight to keep you if you were leaving the company? Getting a raise in the finance and investment industry depends upon the value you are providing your company.
You have to make yourself indispensible and add value to the company!
In order to obtain a raise in salary, an employee has to be viewed as an important asset. The rule of thumb is that if you are generating 3-5 times your salary in income for the company, you are viewed as an asset.
- What have you accomplished in the past year that added revenue to the company?
- Did you volunteer for a project that went well?
- Did you find ways for your employer to decrease costs in any way? Cost savings is viewed in a similar light to adding revenue.
- Did you find a way to do a task more quickly? Productivity adds value to the company.
- Are you selling more than others?
- Do you have the lowest error record in your department?
- Do the company’s clients love working with you?
- Do your coworkers respect and value your efforts?
Companies give bigger raises to employees who are serious about their job, who look for ways to add value, and who get along well with others.
If you can say that this sounds like you, you stand a good chance of getting a raise. You’ll get an even better raise if you ask for one and support your case.
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