Handshake between two businessmen with co-workers in the background

How to Hire in the Finance Industry

With global markets shifting rapidly on a daily basis, the finance industry is more exciting and challenging than ever. Finance corporations are expanding exponentially, but it is important to recruit and hire the best candidates for this type of career. Here are some tips to keep in mind when interviewing and hiring new employees in the finance sector.

Education.

The ideal candidate will have a college degree in finance, and perhaps a minor area of specialization in business administration or economics. Other support areas may be helpful as well, such as communication for working with the public or legal courses as a framework for business and financial dealings. In addition, an internship at a finance company would be helpful in providing the candidate with insight to the industry and preparation for a career when it is clear that he or she has the right credentials and mindset for this line of work.

Interpersonal skills.

When interviewing applicants, those with good people skills may be the best pick for the job. Money can be a sensitive topic for many people. At best, finance issues may be hard to understand or even boring for some. A finance expert should be able to talk knowledgeably at each client’s level to help them understand their financial position and options. Clients appreciate professional people who make the effort to explain complex issues, especially those related to finance.

Ethics.

Someone who is making a career out of handling money ought to do so with integrity. That is why it is important to carefully screen applicants to check for past legal problems related to finance issues or previous employment. As you talk with the applicant, try to determine his or her level of honesty by looking for eye contact, direct answers, and an interest in working specifically for your company rather than taking just any available job. A background check is well worth the effort. Many employers view available social media accounts of prospective applicants for an idea of how they present themselves to the general public.

Making the job offer.

When deciding to hire an interviewee, try to ensure that the person is the best fit for the job educationally and professionally. Envision this person five years from now at your company for an idea of how that might work.

Applicants for finance jobs are a dime a dozen. Perceptive screening will land the right one.

Jonah Engler is a Financial Expert based in New York City. A full time stock broker, franchise owner, coffee lover and investor; Engler helps startup businesses and franchise’s grow through smart financial planning.

The following two tabs change content below.

Jonah Engler

Former Stock Broker and Financial Expert, Jonah Engler is a New York City based entrepreneur who writes about entrepreneurship, investing, public relations, and other topics that fascinate him. Engler explores Entrepreneurship through his Mobile Phone Franchises in the NYC area.