If you’re a college student or any working professional trying to build a future career path in the finance spectrum with hands-on technical knowledge, this blog is for you, as we’re about to unveil the most essential future-oriented skills that are often looked after by employers in the wide arena of Finance and Technology.
So, couch back and read on to explore the top-rated skills that are easy to learn and possess the potential to get you to places in the near future.
Pursuing a competitive finance degree from the top 10 BCom colleges in Coimbatore may help you land a hands-on finance industrial career with rewarding packages alongside huge scope on the career ladder.
- Advanced Excel and VBA
The very essential skill that strikes any data specialist, not just finance, is hands-on expertise in advanced Excel functions and knowledge in VBA (Visual Basic for Application) along with basic understandings in Excel automotive support i.e., Macros.
Excel gets you to source, group, analyze, interpret, and summarize data faster, thereby paving the way for informed decision-making and performance tracking. Excel allows you to perform your own function through VBA (Visual Basic for Application), an automotive coding tool.
Alongside, you can automate repetitive tasks through “Recording Macros” or coding a Macro. Here are the most used industrial functions,
- LOOKUP- VLOOKUP, HLOOKUP
- Index and Match
- If and Ifs
- Logical and Numerical functions
- Pivoting and Conditional Formatting
- Data Formatting and Visualisation through Dashboard & many more
- Data Analysis and Visualization with Business Intelligence
Finance deals with the analysis and interpretation of past accounting datasets to forecast future results with practical assumptions. Hence, data analysis becomes an essential skill for any thriving finance professional out there.
In the past few decades, data analysis was widely practiced only in Excel. With the emergence of new technologies, business intelligence tools like Oracle, SQL, Tableau, and PowerBI have been practiced for data organization and cleansing along with data analysis. Data visualization tools help you to present data in the most interpreted and accurate way.
With these tools, you not only analyze data but also help businesses make informed decisions through future figure predictions. So, in this technological world, having a skillset in finance tools and data analysis makes you stand out from the crowd.
- Automation
Automation is a crucial part of the finance industry with the increased amount of data volumes, where professionals deal with wide datasets every day, it becomes essential to automate repetitive tasks and standard work. Automation means using modern technology to segregate and automate mundane tasks and processes through languages like NLP (Natural Language Processing).
Knowledge in languages like Java, ML, AI, and Cyber Security offers professionals high-paying jobs in the Fintech (Financial Technology) companies.
Pursuing the best finance program in the top 10 BCom colleges in Coimbatore will give you the cutting-edge opportunity to crack through the industry and shine high.
- Query Engineering
Query Engineering deals with creating and inputting efficient database queries along with cleansing through NLP (Natural Language Processing) and SQL (Structure Query Language).
Query Engineering helps you to derive meaningful insights from wide datasets and understand patterns, by saving time, energy, and resources.
Query engineering not only deals with data integration and extraction but also with ethical integrity and confidentiality.
- Expert Finance Literacy
Knowledge in financial analysis, risk analysis, portfolio & investment management, valuations, and corporate finance along with accounting knowledge like financial reporting, Generally Accepted Accounting Procedures (GAAP), regulatory & tax compliance, and cash flow management helps you crack into the finance industry and be more analytical in the decision-making process.
- Financial Modelling and Valuation
Financial Modeling is a method of representing financial data and forecasting future financial figures through abstract methods, whereas valuation deals with assessing the true value of a firm with the increasing value of money through the concept of the Time Value of Money (TVM).
This mathematical model helps you to forecast the cost of raising new capital or sanctioning new projects, and budgeting figures through qualitative assumptions. Through this process, the financial model helps in comparison between companies or accounting periods.
To work in investment banks, private equity firms/ hedge firms, or even in the finance segment of a firm, you must need a solid skill set in financial modeling and other key concepts like risk assessment.
- Project Management and Tools Skills
Finance professionals get assigned to varied challenging tasks and are required to possess knowledge in tools like Slack, Microsoft Team, Oracle, etc. Professionals assume leadership roles and allocate & perform responsibilities of the assigned tasks in a management setup.
Hence, strong pragmatic knowledge of core financial concepts and a hands-on approach to project management skills is essential to perform complex projects.
Pursuing the top B.Com degree in the best placement colleges in Coimbatore will help you streamline into the finance industry and make yourself a path in the ever-evolving technology ladder.
Karpagam Academy of Higher Education, also known as KAHE, is benchmarked as one of the best colleges for the B.Com program in Coimbatore. Having an NAAC A+ Accreditation and recognition from the Government of India and central ministries make it one of the best higher educational providers in Coimbatore.