{"id":118,"date":"2021-02-24T07:47:05","date_gmt":"2021-02-24T07:47:05","guid":{"rendered":"https:\/\/woxsen.edu.in\/blog\/?p=118"},"modified":"2023-03-14T07:47:24","modified_gmt":"2023-03-14T07:47:24","slug":"success-in-financial-services","status":"publish","type":"post","link":"https:\/\/woxsen.edu.in\/blog\/success-in-financial-services\/","title":{"rendered":"Success in Financial Services!"},"content":{"rendered":"<p align=\"justify\">Finance is a discipline that is dynamic. Ranging from domestic to Corporate acquisitions, finance is present in one or more forms. It is pervasive. The scale might change as per the level of applying the financial knowledge, but the principles are same. Services in Finance include Banking, Insurance, Investment Banking, Financial Advisors, Mutual Fund Managers, Investment Advisors, Swap Bankers, Financial Institutions, Chit Funds and this chain leads to an abyss.<\/p>\n<p><b>Key Qualities needed for success in Financial Services:<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>1. Being Aware:<\/b><\/li>\n<li style=\"list-style-type: none;\"><b> <\/b>Finance, being a dynamic domain, changes its form very frequently. So, one must be very much persistent in equipping themselves regularly with the information and the news for taking rational and accurate decisions in advising the clients or handling the funds. The nature of the some news can put us in an inveterate disadvantageous position if we know it late by a very small margin of time.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>2. Global Outlook:<\/b><\/li>\n<li style=\"list-style-type: none;\">Money is everywhere on the globe and through globalization world has become a global village opening the gates. Therefore, one must have a global outlook when dealing with a discipline like Finance. Having knowledge regarding the international interest reference rates like LIBOR which is being replaced with SOFR soon, Global indices across the oceans, Securities laws etc. is inevitable.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>3. Knowledge of Information and Communication Technology (ICT): <\/b><\/li>\n<li style=\"list-style-type: none;\">To deal and counter the everchanging financial environment, we need to be well-versed with the Information and Communication Technology. Amid this cutthroat competition, optimum decisions only can save us for which this knowledge of ICT is inescapable. To say it analogically, ICT knowledge is as necessary for success in Finance as much as food needs salt. It is an arsenal for fighting this continuous strategy that are not limited to one boarder and can affect every other part of the world.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>4. Knowledge of Statutes regarding Finance: <\/b><\/li>\n<li style=\"list-style-type: none;\">Finance is wholly related to accountability for, custodianship of money of others. One must be well aware of the laws of land related to Finance to know what our limits are up to, as a citizen of the land. When we are stretching across the oceans, we need to take another big step of pocketing the knowledge of statutes of those lands, Treaties between the countries and trade agreements.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>5. Transparency and Loyalty: <\/b><\/li>\n<li style=\"list-style-type: none;\">A person should be Transparent to maintain trust with customers and colleagues. Lack of transparency will lead to loss in customer trust and loyalty and leads to long-term loss of customers and impact on Business.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>6. Communication skills:<\/b><\/li>\n<li style=\"list-style-type: none;\">An industry which deals with huge data communication is key. A person should have great writing skills so that they can write down financial report. Through communication they can give advice to clients in a simple way so that client will easily understand.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>7. Develop the right relationship with right people: <\/b><\/li>\n<li style=\"list-style-type: none;\">Develop Relationship with industry people and learn from them. If we interact with industry people, they will share their experience and guide us to Develop our career.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>8. Be patient, and don\u2019t quit:<\/b><\/li>\n<li style=\"list-style-type: none;\">Developing new skills take time we can\u2019t learn everything overnight. We have to work hard, asking questions and sharpen skills. But no matters what happen we have to look forward and be patient.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><b>9. Believe in yourself: <\/b><\/li>\n<li style=\"list-style-type: none;\">Not only to succeed in finance but to succeed in life we have to believe in yourself. Do not wreck yourself with doubts and negative thoughts. Trust yourself that you can achieve everything you want, and you can face any challenge.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div>\n<p><b>Authored By:<\/b><\/p>\n<p><b>Ritu Parna Bagchi (MBA 2020-22)<\/b><\/p>\n<p><b>BH VSN Manoj Kumar (MBA 2020-22)<\/b><\/p>\n<p><b>Pisapati Sri Venkata Sumanth (MBA 2020-22)<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance is a discipline that is dynamic. Ranging from domestic to Corporate acquisitions, finance is present in one or more forms. It is pervasive. The scale might change as per the level of applying the financial knowledge, but the principles are same. Services in Finance include Banking, Insurance, Investment Banking, Financial Advisors, Mutual Fund Managers, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Achieve Financial Success with Expert Tips and Insights from Financial Services Professionals<\/title>\r\n<meta name=\"description\" content=\"Discover the strategies and tools used by top financial services professionals to achieve financial success and secure your financial future.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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