In this article, I will explain the needed skills, qualities, attitudes and approaches that are necessary and imperative to gain Wall Street Jobs for prospective careerists holding Economics Majors, Engineers, Finance Majors and also finally, people seeking Entry Level jobs.
First, I need to discuss about Wall Street jobs that are in store for people majoring in economic majors who are seeking Wall Street jobs.
Wall Street Jobs for Economics Majors
These genres of job seekers need to have solid understanding of financial markets around the globe including stock market functions and how they work.
Some of the main Wall Street jobs are in leading banks, money institutions, leading banks and hedge funds.
These require skills relating to proficiency in math, financial issues and adroit global and fiscal management. Also, they need to possess and manifest complete understanding and appreciation of hedge fund operations through enforcement of necessary trading strategies.
These deal mainly with daily administrative and business upkeep functions, including accounting, financial, economics, bourse trading and regulatory functions and dealing well with clients and stakeholders by creating huge investment opportunities on clients’ behalf and also taking good care of their moneys by making sound and viable investments in schemes which have handsome returns, consistent capital appreciation, high dividend yields and gainful movements.
Numerical skill qualities, high interpersonal skills and good human relationship management are major qualities besides excellent oral and written communication skills.
Calmness, cool head and composure during stressful situations are also major qualities demanded in these genres of Wall Street jobs in banks, financial centers and hedge fund operations.
A positive and clear cut attitude, no nonsensical approach and dealing tactfully with wide range of people like stakeholders, customers, clients, Government officials and tax authorities, also auditors and inspectors.
Mental and physical calmness, lack of agitation and stressed bearing, non aggressiveness and cheerful disposition, especially during difficult times are welcome attitudes.
Since major part of the work is dealing with money and wealth management, appropriate skills of this genre are also sought among successful candidates for these lucrative positions.
You must be positive and heartening and not create stress and tension among other team members, peer groups or superiors.
Your approach should be a careful blend of professionalism, courtesy and excellent manners, especially when dealing with wealthy, albeit eccentric customers.
Wall Street Jobs for Engineers
The primary skills that are obviously required are technical ones, thorough technical knowledge, excellent skill sets and demonstrable expertise over the engineering aspects of the business.
The skills that need to be manifested are not only based on earlier work experiences, proficiency and education, but on other qualities that are needed to sustain and succeed in the highly demanding business of engineers.
The talents, skills, experiences and technical competencies of engineers are indeed needed for functioning as engineers in top banks, bourse trading, private equity firms, financial institutions and other kinds of Wall Street jobs over time, along with adequate length of training, induction and on-the-job skills needed of Wall Street employees, traders, technical analysts, banking executives and so on.
It is necessary and important that such engineering talent have good qualities of head and heart.
Not only should you be adept in your work and be good, keen, self starting and enterprising engineers, you also need to be good technical problems solvers and possess troubleshooting abilities and capabilities, matched with quick mind and fast pair of hands.
Wall Street engineers need to be out-of –the ordinary thinkers and doers, and need to move in for the problem solving with alacrity, resourcefulness and resolute thinking, not wasting time, energy, efforts or enterprise on superfluous aspects and also protect business interests of clients, big and small.
These crack set of professional engineers are imbued with large doses of positive attitudes, never- say- die mindsets and would get on to the job in hand without wasting time or energy. The attitude list includes infinite amount of patience, perseverance, promptness and positive thinking, along with high motivational, morale and commitment to their cause, however small it may seem to be.
You should have the right attitudes to work, enjoy your assigned tasks and do it with best always.
You should look forward to hard, challenging tasks and have already developed and sharpened skills needed to overcome very tough situations and work assignments that test you to your maximum of your physical and mental limits, without rest or respite.
You should enjoy your work and fully submit to it, without making excuses, or feinting limp reasons for not standing up to assigned tasks
Engineers approach their work with enthusiasm, courage, determination and grit, and know that some of their assigned tasks are very highly demanding on both body and mind, and yet they cheerfully go about their tasks, as though nothing has happened.
Their approach is positive, encouraging, highly motivated and with great deal of moral courage, commitment and uncanny abilities to solve tough engineering problems relating to their domain of work with relative ease and unparalleled show of professionalism and dedication to duty.
When compared to other functional disciplines, engineering is much more technical oriented line, requiring special skills, knowledge and specialist performance and they need to carry them out with relative and unusual degree of professional ease, distinction and dexterity, worthy of being termed as Wall Street Company engineering specialists.
Wall Street Jobs for Finance Majors
Successful Wall Street jobs for finance majors call for unique set of skills, like numerical jugglery, remembering facts, figures and statistics for long time with unfailing memory and retention skills, outgoing, pro active, inquisitive and having a yen for money.
Besides, a sharp, incisive and calculative mind is also a prerequisite for finance major jobs in Wall Street since some financial or investment decision may need to be taken in the absence of technological props and support, while travelling, on the move ,or even in the gym.
Skills like mathematical aptitudes and dexterity, keeping clients best interests in mind always, honesty, integrity, transparency and loyalty and faithfulness to clients, and also keeping their best business interests in mind, are other major aspects that need to be considered.
Since managing others’ money and resources are predominant in this business, it is imperative that the employee has good money sense and uses it in good measure for client benefits.
Excellent human relationship management, getting along well with people and being able to take wise and judicious decision, even in split second ones are needed.
Instinctive gut feeling, forecasting abilities and being a good planner, organizer and executor are also major qualities would be put to test in a Wall Street finance major job.
Indeed, there is great and demanding need for positive and constructive attitudes, especially when things do not seem to be going too well for clients.
They must be able to keep their heads above water during times of crises and think well and positively without being panicky, beleaguered or low beat.
How to make the best of a bad situation needs to be always in their minds. They must think about best but also prepare for the worst.
Approach must be professional, albeit warm, and should be open, friendly, caring and constructive.
Finance is an ever evolving, risk laden, complex and highly complicated field, with official, client based and governmental laws, and finance majors must be able to approach problems with open minds, always seeking strategies on how to solve them and not exacerbate things further by show of negative thinking or actions that hurt clients and their business interests.
An open, amiable and amicable approach, without hang-ups of any kind would indeed work wonders and help dispel fears and trepidation among clients.
Indeed the main job of finance major is to give sound, logical, practical and professional advice based on excellent readings of market conditions, and this should never be compromised in any manner, anytime, anywhere and for any cause.
Finance majors must not taken any client- affecting decisions on their own, must consult clients, appraise them of the pros and cons of situation and seek advice and guidance from clients on what next to do. Their job is to offer fiscal advice and counsel not to act on their own accord without consulting clients on matters affecting client interests.
Wall Street Entry Level Jobs
At entry levels jobs in Wall Street banks and brokerage firms, one cannot really expect much in terms of skills, besides theory skills and limited practical sense display in some jobs.
While professional, administrative, management and coachable skills may be present; they are indeed submerged by lack of job exposure, application and experience.
Skills at this level may be in terms of being a good listener, an excellent leaner and lapping up what is provided in terms of induction, training and skill development.
An open, endearing and pleasing personality, ever eager to learn and lap up materials and learning aids, qualities of head, like a quick intellect, mobility and flexibility, and fast reactions, strong, emotional and friendly are major traits and qualities needed for this job.
Besides, very high levels of confidence, liveliness and energy are also acceptable qualities at these fresh levels which grow and develop over time and added doses of experience, eagerness and expertise
Entry level entrants need to be highly enthusiastic about things happening around them. They also need to possess passion, endurance, solid thinking and action oriented powers, and also love what they are doing, no matter how tough and stressful it may seem to be.
Constructive and positive attitude towards problem solving, meeting and surpassing targets and creating value based solutions and successive inroads for clients, stakeholders and customers of all genres are all necessary and important for initiating and scaffolding a solid career in Wall Street jobs.
The most important criteria about attitude is to maintain positive and encouraging attitude, even when things are not going too well and market conditions are not upbeat but bearish, gloomy and depressing.
Current uncertain market conditions should not be allowed to cloud vision, perceptions and the right, positive attitude to business and work
Needs to be constructive, positive, productive, always keeping the best interests of customers in mind. The approach should indeed be one of caution, enthusiasm and deeply tempered dynamism and verve.
A newcomer in the business needs to first acquaint, learn and master the trade of Wall Street jobs before displaying deeper and more experience demanding skills and competencies.
Besides, it is important that they fully understand and program them well, develop and hone the right kinds of skills to succeed and excel in this highly demanding, ruthless and totally performance- oriented profession
Career prospects although lucrative in Wall street jobs, they are highly demanding, risk-laden and full of red flags strewn all over the paths.
Indeed many survive by sheer skin of their teeth, and this is stating a lot. But this should not deter any enthusiast who is more than ready and willing to put everything at stake, in terms of education, skill sets, attitudes and competencies for pursuit of one’s dream till the final post is sounded.
Wall Street employees are born out of crisis situations and one’s reactions and response to crisis is what differentiates glorious success from ignoble defeats.
Eventually, it is the winning spirit, the verve, the passion and the never-say-die attitude that counts in Wall Street jobs.
James Lopez , who is concerning in moderations and preservation of buying essays online, an online community that serves as a stage for college students to cooperate and clarify their doubts about their essay writing requirements.
View All BIWS Courses –Free $97 Bonus for FinanceWalk Readers