Finance executive Erich K Squire recently discussed key points to becoming a financial professional.
Erich Squire didn’t become a finance executive overnight. Years of education, training, and mentorship led him to his impressive position in the finance world. Squire recently discussed what individuals need to know to become financial professionals.
The proper steps in education must be taken to become a finance guru. Typically, this includes a four-year bachelor’s degree in business, economics, finance, or similar.
Many bachelor’s degree programs will require an internship before graduation. An internship may also follow the completion of a bachelor’s degree. Either way, an internship is an invaluable way to gain experience in the field, acquire mentors, and improve the chance of finding a job quickly after graduation.
Many financial experts pursue a master’s degree or certification. These can give finance professionals an edge against the competition when searching for higher-paying jobs or clients.
Acquire Work Experience
Many financial employers ask for five years of experience in the industry before becoming a manager or holding a similar role. This work experience can be found by working in an accounting firm, as a loan officer, in banking, or in a variety of other fields.
Finding a job within the finance industry is key to working your way up the ladder. It’s okay to start small, gain experience, and accept promotions or new job opportunities from there.
Finance executive Erich Squire explained that licenses and certifications help everyone in the financial industry advance. It is a highly competitive industry, and individuals holding certifications and degrees are typically more likely to advance. Certifications vary based on the position a person wishes to pursue, but some of the most common include CPA certification, CMA certification, and CFA certification.
Always Be Willing to Learn
One of the essential traits of a financial manager or other professional is their desire to continue learning. The industry is constantly evolving, and new issues continuously arise. A financial professional must always continue pursuing further education and stay up-to-date on the latest industry trends.
Erich K Squire and the Finance Industry
Mr. Squire recently stated that careers in the finance industry are on the rise. The U.S. Bureau of Labor Statistics explained that the field is growing rapidly. They project a 17 percent increase in growth before 2030. Financial experts can expect impressive salaries and bonuses, but they don’t come without effort.
Positions in the finance industry often require long work hours, keeping up with trends, making adjustments based on the economy, and a certain level of risk. Those willing to work in a fast-paced environment with a sometimes hectic schedule will find themselves rewarded in their field.