Signs You Have What It Takes to Major in Finance

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When you hear the word “finance,” what comes to mind? Do you think of Wall Street, high-powered bankers, and stacks of money? Yea, that’s most of us. But finance is so much more than that. It’s a field that encompasses everything from accounting and investment planning to risk management and insurance. And if you’re good with numbers and have a head for business, it might just be the perfect major for you.

If you were always intrigued by money and how it works from an early age and you’re considering a finance major, here are some signs that you have what it takes.

Stellar Communication Skills

It’s a tough job explaining to clients what’s going on with their money and even more challenging when the market is in flux. But that’s what finance majors do every day as they work with clients to help them make sound investments. If you’re a gifted communicator and you can break down complex topics into easy-to-understand language, a finance major might be the right fit for you.

Even if you aren’t as vocal, strong communication skills are still a valuable asset in finance. Often, you’ll need to write clear and concise reports that will help clients make decisions about their money. If you’re a whiz with words, go for it!

You’re a Math Head:

Numbers have been your best friend ever since you were eight! You love crunching, analyzing, and figuring out what makes them tick. If this sounds like you, a finance major might just be your calling. Even if you think you’re good but might need some help, then you must look at the resources available on the Wiley Efficient Learning website; it’ll give you the boost you need!

Finance is a field that relies heavily on math skills. You’ll need to do complex calculations, understand financial models, and know how to use statistical software. If you’re good with numbers and you love finding patterns and solving problems, you are made for this!

You Can Work Stress Like a Pro:

The stock market is a roller coaster, and it can be tough to keep your cool when things are going crazy. But if you’re considering a finance major, you should know that stress is just part of the job. In fact, most bankers and financial advisors work long hours under a lot of pressure.

If you’re someone who doesn’t get rattled easily and you’re able to stay calm under pressure, then finance might be the right field for you. You’ll need to be able to think clearly and make sound decisions even when things are chaotic. And trust me, they often are!

Risks Don’t Scare You:

It’s a part of the game! Even when you know you will be rewarded for it in the long run, taking risks can be scary. But if you’re considering a finance major, it’s a good sign that you’re not afraid to take risks.

In finance, you’ll need to be comfortable with risk in order to make sound investment decisions. You’ll need to have the courage to take chances and the ability to weather losses. If you’re someone who isn’t afraid of a little (or a lot) of risk, then the stock market will be your playground!

To understand and manage risk, you can also read Seth Klarman’s Margin of safety risk-averse value investing strategies book. Kailash Concepts, a quantamental investing company, has a summary of that book. Go ahead and check it out.

You’re a Self-Starter:

You don’t need directives to be helpful. You enjoy looking at objectives and getting started on a plan to achieve them, whether you’re at work or doing something for fun. Even if you aren’t sure how to accomplish something, you know that starting is generally more successful than simply strolling about doing nothing.

Moreover, nobody is going to hand you a job in finance. It’s a field that’s all about what you can do for yourself. If you’re considering a finance major, it’s a good sign that you’re a self-starter. You’ll need to be able to network and market yourself in order to find clients and grow your business.

Learning Never Stops For You:

With the same tasks every week, you become weary. The most excellent jobs you’ve had were characterized by their creative progressions, new things to learn, and new people to meet. When you discover something new, you’re genuinely enthusiastic, and you have a knack for catching on quickly. That’s an essential financial skill.

The world of finance already adores you if you’re the type of person that doesn’t mind reading manuals, researching how-tos, and watching tutorials. You know that learning is a life-long process, and you’re always looking for ways to improve your skills. In finance, learning is essential. You’ll need to constantly keep up with the latest news, changes in the market, and new investment opportunities.

High, Very High Emotional Intelligence:

You have no trouble relating to others. You like to figure out where people are coming from, and you’re exceptional at reading between the lines of what someone is saying, whether it’s your best buddy or someone you’ve never met before. You’re also great at handling difficult conversations without taking things too personally.

In finance, emotional intelligence is key. You’ll need to be able to read people in order to figure out what they want and how you can help them. You’ll also need to be able to manage difficult conversations without getting defensive. That’s literally what each day in finance is like.

You’re Driven and Consistent:

When you’re aiming at a specific goal, you’re ready to work for it, even if it means going the extra mile or thinking outside the box, you’ll do it. You are tenacious in your pursuit of completing your mission. It’s essential in every area of business but especially finance.

Somebody who majors in finance has usually been working hard consistently since their freshman or sophomore year of college. They’ve been landing internships, building their resume, and networking with professionals in their field. Sounds like you? Well, that’s a good sign!

You’re a Problem-Solver:

From Rubik’s Cubes to advanced mathematics, you’ve never met a problem you couldn’t solve. You’re the go-to person when somebody needs help with anything analytical. You’re not afraid of a challenge, and you have an exceptional ability to think logically.

In finance, you’ll need to be able to solve problems quickly and efficiently. You’ll need to be able to see the big picture as well as the tiny details. You’ll also need to find creative solutions to complex problems. If that sounds like a challenge you’re ready for, then a finance major might be the right choice.

You Have the Personality of a Teacher:

You like to talk about what you know. Whether it’s instructing someone on a job, teaching a nephew how to ride his bike, or demonstrating to your grandma how to use her smartphone, you know how to guide someone through a procedure. In the realm of finance, being able to teach may be an essential part of the position.

Many times, people in finance are working with individuals who are not familiar with the ins and outs of finance. That’s why being able to explain financial concepts in a way that is easy to understand is an essential skill. If you have the personality of a teacher, then you just might have what it takes to major in finance.

The Gist:

It’s evident from the descriptions above that not everyone is destined to pursue a career in finance. To succeed in this line of work, you’ll need a wide range of skills and qualities.

Many individuals are unaware of how many various roles and job possibilities exist within the finance industry. If you feel you’ve got what it takes, don’t be afraid to explore all of the opportunities that await you. And who knows? You might be the next CEO of a major corporation. The sky’s the limit!

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