Breaking into the finance industry can be seen as a challenging prospect, especially if you’re coming from a different career path. However, with the continued rise of skills-based hiring, opportunities are opening up for professionals from diverse backgrounds. Employers in the finance industry are increasingly prioritising skills and potential over traditional qualifications, meaning this is the perfect time to make your move.
Even if you’re starting from scratch, here’s a guide to help you transition into jobs in finance.
Thanks to skills-based hiring, employers are now looking for capabilities like problem-solving, leadership, and communication, as much as technical expertise.
1. Understanding the Finance Industry and Its Roles
Start by taking the time to research the finance industry. Finance jobs are diverse, spanning roles like Financial Analyst, Risk Manager, Accountant, or Investment Banker. Understanding the specifics of the different finance roles will help you identify the areas which align with your skills and interests.
For example, if you’ve worked in project management, you may find your natural fit in corporate finance or budgeting. If your background is in data analytics for example, positions in fintech or risk analysis could be your ideal gateway into the industry.
2. Leverage Transferable Skills
The skills you’ve honed in other industries are valuable in finance. Thanks to skills-based hiring, employers are now looking for capabilities like problem-solving, leadership, and communication, as much as technical expertise.
Here are a few transferable skills to emphasise:
- Analytical Thinking: If you’ve handled data or solved complex problems, this is gold in finance roles.
- Attention to Detail: Precision is critical in finance, whether you’re preparing budgets or evaluating risks.
- Adaptability: The finance industry evolves rapidly, and showing you can adapt will set you apart.
For example, if you’ve been in marketing, you might have experience in budgeting or ROI analysis, which translates well to finance. Highlighting these connections is key to standing out in finance jobs.
3. Upskill with Relevant Training
While skills are crucial, gaining some finance-specific knowledge will boost your confidence and employability. You don’t need a full degree to get started—short courses or certifications can make a big difference.
Popular certifications to consider:
- Chartered Financial Analyst (CFA): Ideal for investment-focused roles.
- Association of Chartered Certified Accountants (ACCA): Great for accounting positions.
- Certified Financial Planner (CFP): Perfect for personal financial advisory careers.
If a formal certification feels like too big a step initially, explore free or affordable online courses in areas like Excel for finance, financial modelling, or investment basics.
4. Tailor Your CV and LinkedIn Profile
Your CV should clearly showcase your transferable skills and any new qualifications. Use a skills-based format, where you group your abilities into categories rather than focusing solely on job titles. This approach aligns perfectly with the principles of skills-based hiring, showing recruiters that you have what it takes, even without direct experience in finance.
On LinkedIn, highlight relevant skills and engage with finance-related content to build your professional brand. Follow companies in the sector and connect with professionals who can offer insights into jobs in finance.
5. Start Small: Entry-Level or Contract Roles
Don’t be afraid to start with an entry-level position or a contract role to gain experience in the industry. Contract roles, in particular, can be an excellent way to build your skills and demonstrate your potential to employers.
With more companies embracing a skills-based hiring strategy, these roles often serve as stepping stones to permanent positions.
6. Embrace a Growth Mindset
Transitioning into finance isn’t just about the technical side—it’s about showing a willingness to learn and grow. Emphasise your enthusiasm for the finance industry throughout the interview process and explain how your skills can make an impact. Employers value candidates who are proactive, adaptable, and motivated to succeed.
Conclusion
Moving into the finance industry may seem like a leap, but with the growing focus on skills-based hiring, it’s more achievable than ever. By understanding the sector, leveraging transferable skills, and gaining relevant knowledge, you can position yourself as a strong candidate for finance jobs.
Remember, transitioning into jobs in finance is a journey, not a sprint. With the right strategy and determination, you can build a successful career in one of the most dynamic and rewarding industries.
Let PE Global help you find the perfect role to match your skills and ambitions and transition into the finance industry with ease.
