Is there a role for me?
I am an undergraduate in my final year of school and have a super strong passion for economics and finance (major in economics). I am applying for roles in investment management/public equities research, but I fear my skills in that area are lacking (as of right now). It has come to my attention there are roles in private banking and client management that deal with personal and client relationships. My personal skills are much, much stronger than my financial analysis skills and I am wondering what path to pursue. Cheers
Based on the most helpful WSO content, it sounds like you're at a crossroads trying to align your passion for economics and finance with your current skill set. Here's a breakdown of potential paths you could consider:
Investment Management/Public Equities Research:
Private Banking and Client Management:
Hybrid Roles:
Networking:
Internships:
Remember, it's not uncommon to start in one area of finance and pivot to another as you gain experience and a clearer understanding of your strengths and interests. Cheers!
Sources: What is that Analyst skill set everyone is talking about exactly?, Private Equity vs. Venture Capital in 2018, Q&A: From Sellside Research to Strategy & Finance at Rapid Growth Start-up, 22 Year Old Failure Seeks Advice re: Breaking into Finance, https://www.wallstreetoasis.com/forum/job-search/strong-analyst-with-no-job?customgpt=1
Based on the most helpful WSO content, it sounds like you're at a crossroads where you're trying to align your passion for economics and finance with your current skill set. It's great that you're considering your strengths as you look for roles in the industry. Here's a breakdown of what you might consider:
Investment Management/Public Equities Research: These roles typically require strong analytical skills and a deep understanding of financial markets. If you feel your skills are lacking, you might want to consider additional coursework or certifications, such as the CFA, which can bolster your technical knowledge and make you a more competitive candidate.
Private Banking and Client Management: These roles are more relationship-driven and could be a good fit given your strong personal skills. They often involve working with high-net-worth individuals, providing personalized financial advice, and managing client portfolios. Your understanding of economics can be a valuable asset in understanding client needs and market trends.
Building Your Skill Set: If you're still in school, consider internships or part-time roles that can give you exposure to both areas. This real-world experience can be invaluable in helping you decide which path suits you best.
Networking: Continue to network with professionals in both fields. Informational interviews can provide insights into the day-to-day responsibilities of each role and help you gauge where your interests lie.
Remember, your career path doesn't have to be linear. Many finance professionals start in one area and transition to another as their interests and skills evolve. Keep an open mind and be proactive about seeking opportunities to learn and grow. Cheers!
Sources: What is that Analyst skill set everyone is talking about exactly?, Private Equity vs. Venture Capital in 2018, Q&A: From Sellside Research to Strategy & Finance at Rapid Growth Start-up, Tech As An Alternative to Finance, 22 Year Old Failure Seeks Advice re: Breaking into Finance
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