Starting a career in the finance industry can be both thrilling and challenging, offering vast opportunities for growth alongside a steep learning curve. To help accelerate your career development, embracing key strategies is essential.
One of the most effective ways to advance in the finance industry is through networking. It’s important to connect with professionals both within and outside your organisation. Participating in industry and non-industry events, such as MYP breakfast clubs and drinks mixers, can be a great way to meet industry insiders in a more relaxed setting. Additionally, joining LinkedIn finance-related groups is a useful tactic, especially those that cater to your specific interests like business lending or accounting. Here, you can engage with mentors and initiate conversations that may lead to invaluable coffee chats.
According to Louis Buntrock, a Marketing Executive at Time Finance, networking is crucial in the finance industry, as it can open doors to new business opportunities, career progression, and expanding your professional network. For young professionals, attending popular industry events hosted by organisations like NACFB, Leasing Foundation, FLA, and Asset Finance Connect can provide significant career benefits.
Another important aspect of career development is seeking mentorship. Finding mentors both within and outside your organisation can offer guidance and open new opportunities. Charlotte Benton, a Marketing Executive at Time Finance, advises young professionals not to hesitate when it comes to asking colleagues questions, as their experience can be invaluable. Expanding your knowledge by seeking advice from various teams within your organisation will give you a broader understanding of the business beyond your immediate role.
Embracing technology is also vital for success in the finance industry. Gaining proficiency in industry-specific tools like financial modelling software, data analysis tools, and communication platforms can give you a competitive edge. Sharon Bryden, Group Head of Operations at Time Finance, emphasises that technology is integral to the finance industry’s operations, particularly for security and efficiency. For young professionals, understanding CRM systems, LinkedIn, accounting software, and risk analysis platforms is crucial for early career advancement.
Lastly, investing in continuous learning is essential to stay ahead in the ever-evolving finance industry. Whether through formal education, LinkedIn learning certifications, or simply learning from colleagues, expanding your knowledge base is key to remaining competitive. Caroline McDonald, Head of Marketing at Time Finance, suggests taking full advantage of available resources to enhance your expertise. Proactive learning through training resources from institutions like the British Business Bank, UK Finance, and Broker Academies, as well as staying updated with industry news via newsletters from leading publications, will help you advance to the next level in your career.
Thriving as a young professional in the finance industry requires a blend of strategic networking, seeking mentorship, embracing technology, and committing to continuous learning. These practices will help you navigate the challenges and make the most of the vast opportunities available.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
