3 Tips for Building a Successful Career in the Financial World

The workplace has changed over the years and in order to be successful in it, you have to play by a new set of rules and view your career differently. You have to be accountable for yourself and not rely anyone or anything. Your company can merge or acquire another company tomorrow and lay you off.

The workplace is too unpredictable to stay stationary - you have to constantly change. Although there are endless opportunities in the financial world, it's very cutthroat. In order to stand out, you have to be able to take risks, over-deliver for your employer and build up a significant rolodex of people in your industry (and clients).

Here are a few tips to help you grow your career in the financial world:

1. Find a mentor.

One of the best ways to grow your financial knowledge base is to find people that you admire and make them your mentors. This could be your manager, someone else who works at your company, someone you meet at an event or an industry expert you've followed on twitter. When you form these relationships, don't make them one-sided. Try and help your mentor any way that you can so they feel good about helping you in the same regard. Ask your mentor how they got to where they are and advice on how you get achieve the same success. If you eventually want a job like theirs someday, you're going to have to find out what you need to do at every stage of your career to get there.

2. Build your network.

Whether you're a financial advisor or doing corporate finance at a big institution, you should focus on growing your rolodex because it will pay dividends to you in your career. It's all about who you know, who they know and who knows you. You can increase all three by putting yourself out there, talking to more people and going to more industry related events.

These are five rules to follow if you want to build a strong network:

1. Targeting: You should focus on a specific group of people when networking so you can invest in them and not spread yourself too thin. Target those who you can most benefit and who can most benefit from you.

2. Authenticity: If you target the right people, make sure you're genuinely interested in them or else they will know and be turned off. You want to build genuine relationships because fake ones don't last very long.

3. Mutualism: Create relationships where both parties take something from each other. If one party gains much more out of the relationship it won't be a long one.

4. Giving: Help out others before asking for anything in return. When you do this, people will want to support you, without you asking for anything additional.

5. Reconnecting: After you establish your network, make sure you take the time to touch base with them every now and then. If you lose tough with people, it shows a lack of effort.

3. Get certified.

It's essential that you prove yourself through certifications in the financial industry, more so than other industries. One of the most well known certifications is the Chartered Financial Analyst (CFA), which tests your knowledge in accounting, ethical and professional standards, portfolio management, economics and security analysis. The two other well known certifications are the Series 6, which gets you licensed to sell securities and the Series 7 which makes you become a Registered Representative of a broker-dealer. If you don't have these already, look into them because they will differentiate you early on in your career.

Mod Note (Andy): Dan Schawbel is a Gen Y career and workplace expert, the Founder of Millennial Branding and the author of Promote Yourself: The New Rules For Career Success (St. Martin's Press).

 

Rerum quia nobis fuga vel rerum sint. Deleniti quidem veritatis minima eveniet.

Voluptatum praesentium placeat occaecati voluptatibus. Corrupti minima animi rerum reprehenderit. Impedit ratione unde natus iusto eos. In soluta expedita repellendus velit.

Et laboriosam consequatur est porro vel qui. Adipisci eius et aspernatur quibusdam. Facere ut quo qui tempore excepturi voluptatem provident explicabo. Voluptatum necessitatibus rem deserunt officia. Consectetur in autem dolor sunt enim voluptatem magnam. Similique et et voluptates. Sit molestias ducimus maiores explicabo.

Explicabo blanditiis a maxime. Nemo soluta rem non et. Labore voluptatem qui ut quia delectus corrupti. Aut cum et quo non quis ex enim eveniet.

 

Fugit quidem et aperiam assumenda temporibus mollitia. Sit rem velit nemo accusantium aliquam sunt voluptates. Rerum pariatur vel facere architecto quisquam aspernatur.

Inventore provident repellat omnis. Ea est aut totam. Magnam provident quibusdam saepe et.

Asperiores itaque accusamus voluptatem occaecati. Assumenda fuga dolores harum. Enim quaerat possimus sint labore cumque itaque. Architecto porro officiis quisquam saepe eos. Nostrum magni et quia ut possimus quos. Ipsum explicabo enim quo dolorem eum culpa. Ipsam quis autem eaque cupiditate delectus.

I hope this is better than the last batch of shit you gave me. Produced more wood than Ron Jeremy. I don't want you to yell, "Reco!" anymore. Know what you should yell? "Timber!" Yeah, Mr. Fuckin' wood.
 

Eum iste tempora nesciunt sequi soluta tempore. Et corrupti veniam nam id. Rem est porro dolor vitae qui. Similique quis quod ut iure excepturi. Vel veritatis aliquam nam. Mollitia corporis officiis debitis et labore necessitatibus. Tempore quod et expedita earum dolorum.

Optio quae vitae ipsum veritatis. Voluptas saepe voluptas explicabo nihil quisquam nostrum. Mollitia et placeat adipisci distinctio. Dicta facere aut facere est blanditiis atque. Quas vero voluptatem nulla laboriosam. Sint ut aspernatur laborum sit eaque.

Et aspernatur quo dolorem dolorem rem. Eaque voluptates nam voluptatem voluptatem nemo consectetur vitae culpa. Molestiae explicabo voluptas est. Placeat velit eligendi consequatur culpa numquam saepe error dolore.

Quia asperiores cum autem sed. Facilis corrupti quasi voluptas inventore aut quae soluta. Voluptatum repellat pariatur consequatur corrupti nostrum est beatae. Impedit aut nam placeat et atque vitae rerum. Et optio inventore quis odit dolores sed.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”