Could you tell what are the financial management skills demanded to be at the top?

Do you ever wonder which personality traits allowed the biggest leaders in the financial domain nowadays to get to the top? The answer is, they most likely begun from the ones below.

Much like any field, the financial one also calls for its leaders to actually have an excellent relationship with their staff, first and foremost. In cases like this, communication is certainly probably one of the most indispensable skills to have, both within their department and when they are trying to share the company’s views as a whole, whether it is to investors or to the media. Figures like Jamie Dimon actually have acknowledged the importance of being honest with one’s working force, and integrity should be a quality that is always included in the concept of leadership development for finance professionals. By making sure that one’s employees are passionate, managers can attain even better results for their whole firm.

There are a few extremely delicate balances which are crucial on the subject of the characteristics of good financial management, and one among them has to do with confidence: this is both in relation to one’s attitude and self-esteem, standing their ground but at the same time inspiring confidence for the rest of their firm, not being too proud and still upholding one’s humbleness. Individuals like Ken Griffin have demonstrated how one should make sure their employees are confident enough to perform to their finest: this might be done by listening to constructive feedback and actively working to develop the workplace.

Being a great leader is clearly not merely about attitude, but also about honestly being great at one’s job. A great deal of strategic abilities are needed, and business insightfulness and numeracy should clearly be cardinal points of the training needs for finance department jobs, regardless of whether they’re at entry level or for managerial positions. Planning ahead and having a nice sense of prediction is key, as demonstrated by individuals like Ray Dalio, and leaders should always be somewhat involved in their operations, knowing how each department functions and fits into the bigger picture, and most importantly keeping up-to-date with the latest trends of the sector.

Among the skills required for finance jobs, particularly those that are at the top, one of the most crucial is definitely the skill of setting realistic yet ambitious objectives. Of course, one would want to be a bit of a risk-taker, if a good result has the promise of bringing fantastic profits, but they shouldn’t do that to an scope that would be damaging to the firm. At the same time, the targets for their employees should be high enough for them to attempt their very best, but still realistic. In the long run, it is all about balance.

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