This informal CPD article, ‘How to get started in the world of Finance’, was provided by GIRA - Global Institute of Regulatory Accreditation – who offer a powerful new way to learn online with every course designed according to principles of effective learning.
How to get started in the world of Finance
Starting a career in finance can be a challenging and rewarding decision. The finance industry offers a broad range of career opportunities, including traditional finance roles in banks and financial services companies, as well as newer roles in fintech, data analytics, and cybersecurity. However, breaking into the industry requires dedication, hard work, and the right skills and knowledge. In this article, we will explore the key steps you can take to start a successful career in finance in the UK.
Step 1: Choose the Right Career Path
Choosing the right career path is essential for starting a career in finance. The finance industry offers many career options, and you should consider your interests, skills, and strengths when making your choice. For example, if you have a strong interest in financial markets and investment strategies, traditional finance roles such as investment banking or asset management may be a good fit. Alternatively, if you have an interest in technology and innovation, fintech may be a better fit.
Step 2: Get Educated and Acquire Relevant Qualifications
Having the right education and qualifications is crucial for success in the finance industry. A degree in finance or a related field is usually required for entry-level finance roles, and there are many universities in the UK that offer degree programs in finance and related fields. These programs provide students with the knowledge and skills necessary to succeed in the industry, including courses in accounting, financial markets, and investment strategies.
However, there are also other ways to gain relevant skills and knowledge. For example, apprenticeships are a great way to gain practical experience and can lead to nationally recognised qualifications. Short courses and training programmes offered by reputable providers can also provide you with specific skills and knowledge relevant to the finance industry.
Entry-level qualifications can also help you stand out from other candidates and demonstrate your commitment to your career. These qualifications may include or relevant qualifications provided by professional organisations. Obtaining an entry-level qualification can help you gain a better understanding of the industry and its various roles, while also providing you with practical skills and knowledge.