If you have decided to immerse yourself in the world of finance, there are some things you need to know. Pursuing a finance degree is extremely rewarding and opens the door for a ton of job opportunities if you plan ahead and gain the necessary experience. I’ve put together a list of some of the things that every finance major should learn and know about themselves early on.
Learn the Jargon
There are plenty of terms and industry specific jargon you will need to wrap your head around. The sooner you are able to do so, the more time you’ll spend learning new concepts rather than looking up what words and concepts mean. The sooner you can speak the language and understand it, the better off you’ll be.
Organization is key. The world of finance is a high-paced market filled with statistics, clients, and demands. Having the ability to stay organized and juggle all your different tasks will suit you well. Plus, you are in college and will want to have a social life. It’s better to get organized and budget your time early on. By the time you land a demanding job or internship, you won’t be struggling to keep up.
Start looking for internships – immediately
Landing internships early and often will give you a competitive edge. There is nothing like gaining experience while still earning your degree. You will make connections and friends that will be able to help you throughout school and possibly offer your first job to you. Internships may not be as glamorous as you would envision, but the contacts you gain will be valuable references later on down the road.
Dive into the culture of the finance world
This means, keep up with industry news, know how compliance works and use social media to your advantage. There are countless resources on the web to help you keep up with the industry and learn how it ticks. Once you get an internship or job, staying ahead of the learning curve will help accelerate your career and help you stand out against your peers.
How to stay calm in the most stressful of situations
You will be dealing with people’s money and that come be very stressful. You even may end up making mistakes early on. Learn how to stay calm in even the most stressful situations. Having the skills to remain calm will help you assess the situation at hand and come up with a plan of action.
Be prepared for a bit of healthy competition
Healthy is the key word here. There is nothing wrong with competition to help drive your classmates and coworkers to do their best. Unfortunately, some people can take this too far. Trying to be the best all the time will be a career killer. Helping your team and playing up each other’s strengths will lead to success for all.