Today I will be sharing a pathway to develop your career in finance. Finance being an industry which needs specific skill set, I am going to talk about how to develop your career path starting from an auditor to a Director of finance. If you are in any other role in finance then too these ideas will help you in your career development.
Audit is not the only path into finance, but it does have some advantages. Firstly, it gives you exposure to multiple industries, which you are unlikely to get if you start in industry. Second, it provides you with early experience of managing teams, something that only comes much later in commerce or consultancy. Finally, it gives you a solid technical foundation.
For developing your career in finance, it is very essential to have technical expertise. While it is possible to become a Director of Finance without having previously held technical or controller role, it is not recommended. Next you need leadership skills, and the ability to motivate a team. You are only as good as your team, and your job is to inspire them and give them the tools to deliver.
Many Directors of Finance find international experience as an extremely important factor. Almost all businesses have overseas divisions, or are looking to expand overseas. If at all possible, it is recommended for aspiring Finance Directors to take at least one role in a new market.
So here’s what you can do to kick-start your career in finance:
Find a mentor in the industry. Considering the robustness of Finance industry, it is extremely essential to have a mentor who can guide you through market trends
Get your hands dirty with core technicalities of finance especially if you want to specialize in this field.
Take several certifications life CFA, CPA, FRM, CFP and CCP. These certifications build up a very high credibility which would open the doors of multiple opportunities for you.
Read a lot about market trends, economic news and what's hot in the industry.
It is often recommended by experts that in this industry, it is essential to break the chains of the traditional practices and think outside the box. It is essential to ideate and brainstorm on new techniques and strategies which could bring financial benefits to your company.
Last but not the least, develop a robust commercial understanding of your business. Finance is much more than technical understanding.
So these were a tips which can help you become a Director of Finance someday but the essential part is to start implementation of these suggestions.
If you want to get any personalized suggestions on this topic then feel free to drop a comment and I’ll definitely get back to you. Have a successful week ahead and cheers to you all from Your Career Goal.. Delivering successful careers.
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