How to Make It in the Finance and Banking Industry

If you have an affinity for numbers, a passion for finance, or believe you can spot a good business opportunity when you see one, you might have what it takes to enjoy a great career in finance. Continue reading to discover how you can make it in the finance and banking industry.

Secure an Internship

An internship could be one of the best ways to break into a career in finance or banking. For instance, various Wall Street firms will often hire new people from the best of their summer interns. Yet it is incredibly difficult to gain a paid internship, so you must be willing to say goodbye to an income for at least a few months throughout the year.

Find a Mentor

An experienced mentor could potentially kick-start your financial career. Not only will they think highly of your knowledge and ability, but they might also be willing to go to great lengths to help you reach your potential and achieve your goals. Potential mentors can include a college professor, an internship supervisor, or a relation between finance and banking.

Be Willing to Work Hard

It doesn’t matter if you want to work on Wall Street or gain a prominent banking position, you must be willing to invest your time and effort into achieving your dream. The road to success will take a great deal of hard work, as you will need to dedicate your evenings and weekends to rising up the ranks of a business. For example, if you want to enter wealth management, you will spend the first few years of your career growing your client base, which you could find via seminars or at networking events.

Gain a University Degree

A university degree will not only boost your knowledge and experience within an industry, but it could help you stand apart from those without one. Research an individual’s road to success and how they achieved their goals. For example, Fahad Al-Rajaan studied Business Administration at American University before becoming Director General of the PIFSS.

Don’t Take Yourself Too Seriously

If you want to enjoy a great career in investment banking, you need much more than technical skills to enjoy great success in the industry. While technical skills such as financial knowledge and accounting are essential for junior bankers to stand out from the crowd, it is crucial you do not take yourself too seriously. While an interviewer might be looking for a talented, knowledgeable candidate, they will also want to work alongside a tolerable, interesting human when working late.

Start Networking as Soon as Possible

Networking is essential for every professional in both finance and banking, as it allows you to connect with like-minded individuals, or take advantage of new opportunities. It is also crucial if you plan to enter corporate development, as you may not use a recruiter when searching for management teams, or identifying and acquiring different companies.