Successful people that work in finance all have these 3 traits.
As financial services are an business that revolves around statistics and reacting to changes, having a strong intellect is critical to success. Specifically, people must have strong mathematical capabilities with an emphasis on examining mathematical patterns and figures. To prosper you require a real knack for discovering issues or anomalies in any set of data, and this requires a keen eye for details. Naturally, the most successful financiers come from a mathematical history, where they would have mastered something like maths, economics, or accounting at their universities or colleges. There are lots of good examples of people who do not study number-based degrees who become successful in the financial services industry; all that is needed to be a good candidate for a top investment firm, is that you have good analytical skill and a fantastic work ethic. An instance of the kind of work mentality you need is from Lars Windhorst, who began his first business when he was at school. While this is very uncommon, it is the level of commitment one should aim for to become successful in the investment world.
Finance and investment are all about trust building and convincing individuals that you are more dependable than your competitors. The financial market is very competitive, therefore convincing customers you are their perfect option is essential. To do this one needs to have good people skills, whilst also being watchful of potential bad clients. It helps to be charismatic without being too arrogant, as a way to instil confidence but not so much that they believe you are not careful in your decision making. Having qualities like these are what would have helped someone like Thom Weisel have such a successful career; investing and drawing investment is down to building effective connections.
One of the most crucial characteristics you can have in business, but specifically in the financial sector, is to be motivated and durable. The nature of the field suggests setbacks are common; there are very few people, if any, that have had a long career without having some sort of challenge to manage. Not only is this attribute vital in overcoming obstacles, it is useful because there are long working hours that are filled with hectic schedules. As numerous people wish to work in finance, you must keep up a high work ethic to fend off possible replacements. The compensation for the intense work load is generous pay and numerous other perks. With this sort of pay, people can retire early, such as JP Livingston, who retired at 28 following a short yet effective career in finance. This choice is not for everybody, with so many investment bankers working at financial institutions well into their 70’s, but it is undoubtedly a tempting prospect.