Career Research Report: Finance Sector Trends, Skills & Evaluation

This career research report explores opportunities within the finance sector, highlighting general trends such as data analytics, digitalization, and the increasing importance of technology. It identifies essential skills for success, including decision-making, problem-solving, analytical thinking, business intelligence, and communication. The report evaluates the role of a finance manager, emphasizing the development of skills and knowledge for future career growth. It concludes that the finance industry offers various opportunities for career advancement, supported by emerging trends and the cultivation of necessary skills. The report also references academic sources and includes a job advertisement for further context. Desklib provides this and other solved assignments to aid students in their career research.

Career research report

Table of Contents
Introduction.................................................................................................................................................3
Analysis and Application.............................................................................................................................3
Skills required.............................................................................................................................................4
Evaluation...................................................................................................................................................6
Conclusion...................................................................................................................................................7
References...................................................................................................................................................8
Appendices................................................................................................................................................10
Job advertisement..................................................................................................................................10

Introduction
To grow in the career, there are several opportunities present in the market place. An
individual can easily grow by availing the available growth opportunities. Career growth
opportunities refers to such opportunities which are useful from an individual’s perspective to
accomplish the pre-defined goals in the future period of time. Finance is an evolving industry in
current time. There are new and advance techniques are being introduced in the respective field.
Nowadays, finance has become a crucial field to grow in the future career. In addition to this,
finance included ample of career options. A person can easily avail the available opportunities
within the field of marketing to make an enriching & bright career (Chin and et. al., 2019). The
present report is a career research report which is helpful in identifying the growth opportunities
within different sectors. In the present report, I have been chosen finance as the major field to
grow in the future career. The present report will cover general trends within finance sector.
Further, it will cover necessary skills and knowledge to grow within the respective field.
Additionally, it will include the evaluation of appropriate vacancy within the respective
profession.
Analysis and Application
General trends: Trends refer to a general change in a particular situation. It is basically a
tendency and inclination towards a particular field. In other words, trends are something which
are developing in a respective field. In the field of finance, the major trends are mentioned
below:
Data Analytics: Data analytics is related to analyzing the behavior of customers.
Through data analysis, it is possible to enhance the customer experience, increase the efficiency,
speed and competitive edge. In this situation, analyzing the data will help in taking meaningful
decisions in an efficient manner. Here, data analytics makes the financial executives enable to
use the structure and unstructured data with an aim to take better decisions (Lent and Brown,
2020). In addition to this, it also helps in gathering the potential information which is imperative
to take informative business decisions. Data analytics makes the financial team enable to detect
the fraud and enhance the revenue turnover in significant manner. This is important in order to

minimize the frauds within financial services potentially. Therefore, the data analytics has
become an imperative trends that will help the financial industry in grow in the future period of
time.
Digitalization: Digitalization allows the financial services companies to understand the
customers in better and effective way. Technology is useful for the organizations to develop
innovative financial services. Nowadays, customers are likely to feel more comfortable in
making payments through digital mediums. Financial service companies use new & advance
technologies so that they can improve the speed, efficiency and speed of the service. With
significant growth of the technology, companies can easily make the use of digital tools with an
aim to offer better service experience to the customers. Besides this, technology allows the
organizations to make use of technology in an innovative way so that the customers get satisfied
with their services. Digitalization of financial services is a continuous process that will make the
company enable to earn significant amount of growth & success in the future period of time.
Technology: Nowadays, technology is evolving constantly. Every company is likely to
use efficient technology with an aim to grow in the future period of time. Technology is not
related to a particular sector rather it is useful for the growth of each and every sector. Without
using efficient technology, it is quite difficult to provide better experience to the users (Kuijpers
and Meijers, 2017). In finance industry, there are several techniques & tools are used so that the
quality of services can be enhanced easily. Apart from this, technology also plays an imperative
role in the enhancement of the respective sector. It is considered as one of the most significant &
emerging trends so that the financial service company can grow significantly.
Skills required
To grow in each and every field, there is requirement to have certain skills. These skills make an
individual enable to perform the assigned duties significantly. To grow & enrich in the respective
sector, there is requirement to have some crucial skills which are mentioned below:
Decision-making skills: Decisions-making skills are important to take insightful
decisions. To take significant decisions, it is imperative to analyze various facts. For this
purpose, the individuals need to consider various elements before decisions-making. A financial
manager needs to take ample of decisions on regular basis (Gander, 2021). Through decision-

making skills, the finance manager can enhance the effectiveness of the company in the future
period of time.
Problem-solving skills: This skill is about understanding a particular issue so that the
problem can be resolved effectively. Here, the individual needs to identify the problem, prioritize
the alternatives and select the best possible alternatives. While taking decisions, the financial
manager is required to analyze different alternatives (Guo, Wang and Wang, 2021). Here, they
need to analyze the alternative on the basis of various facts. Further, there is requirement to
select the one best alternative to resolve the issue significantly.
Analytical thinking: To make a bright career in the field of finance, there is requirement to
have analytical thinking skill. It refers to understand a particular situation and driving response
accordingly. Being a finance professional, one needs to resolve ample of issues. To deal with
such problems, there is requirement to have necessary analytical thinking skills.
Business intelligence: The main role of financial professionals is to help the business
entities to take insightful decisions. For this purpose, they need to have significant idea about
future predictions (Bocciardi and et. al., 2017). Additionally, they need to have knowledge about
inventory management, softwares, tools and more. In this, regard, different tools like ERP, SAP
and more can be used by the financial managers significantly.
Communication skill: Communication is the exchange of information from one person to
other. It is useful in terms of maintaining the proper flow of information within the company. A
finance manager needs to communicate the necessary information to various stakeholders such
as investors, shareholders and more. Through proper communication, it is easy to maintain
effective collaboration with team members.
Knowledge & experience
Management experience: A fresher is not required to have necessary management
experience. However, this knowledge is crucial for a person who is looking forward to make a
rewarding career in the particular field (Morgan and Wood, 2017). By having necessary
managerial experience, it is possible to resolve both internal as well as external issues
significantly.

Business acumen: Business acumen is related to the ability of a person to resolve a
particular issue. To grow in the current competitive environment, it is essential to have necessary
business acumen. Apart from this, business acumen also demonstrates the ability of a person to
resolve a particular business issue in an innovative way (Griffin and Hu, 2019). Here, the
individuals are able to find innovative solution so that a particular business issue can be resolved
easily.
Evaluation
According to the current trend, I have been chosen the vacancy of finance manager. This field
will allow me to use my skills and potential to attain success in the future period of time. By
working in the finance domain, I will be able to learn ample of skills like interpretation, decision-
making and more. These skills will prove helpful to attain tremendous amount of growth in
future. Apart from this, I can also develop analytical skill by working in the respective domain.
Through this, I can easily analyze the several facts with an aim to take informative decisions in
significant manner. This skill will allow me to analyze various facts so that I can take suitable
decisions for the success of the company. While working as the finance manager, I need to
interact with a lot of people that will improve my ability to communicate with others potentially.
The experience will add on significant knowledge in my overall portfolio so that I can grow in
my career in the future period of time. Developing skills and knowledge will allow me to
accomplish future goals significantly.

Conclusion
Through the above-mentioned information, it is monitored that career growth
opportunities refers to such opportunities which are useful from an individual’s perspective to
accomplish the pre-defined goals in the future period of time. Finance is an evolving industry in
current time. It is found that there are various emerging trends in finance industry. In the above-
mentioned report, the major trends have been identified as digitalization, digital technologies,
data analytics and more. Further, there is discussion regarding skills and knowledge required to
grow within the respective industry. It is analyzed that there are several growth opportunities are
present within the finance industry that will allow me to grow in career in the future period of
time.

References
Books and journals
Bocciardi and et. al., 2017. Career adaptability as a strategic competence for career development:
An exploratory study of its key predictors. European Journal of Training and
Development.
Chin and et. al., 2019. Career sustainability during manufacturing innovation: a review, a
conceptual framework and future research agenda. Career Development International.
Gander, M., 2021. The hybrid career concept: creating hybrid career pathways. Career
Development International.
Griffin, B. and Hu, W., 2019. Parental career expectations: effect on medical students’ career
attitudes over time. Medical education, 53(6), pp.584-592.
Guo, W., Wang, L. and Wang, N., 2021. Research on the impact of career management fit on
career success. Asia Pacific Journal of Human Resources, 59(2), pp.279-304.
Kuijpers, M. and Meijers, F., 2017. Professionalising teachers in career dialogue: An effect
study. British Journal of Guidance & Counselling, 45(1), pp.83-96.
Lent, R.W. and Brown, S.D., 2020. Career decision making, fast and slow: Toward an
integrative model of intervention for sustainable career choice. Journal of Vocational
Behavior, 120, p.103448.
Morgan, G. and Wood, J., 2017. The ‘academic career’in the era of flexploitation. Mapping
precariousness, labour insecurity and uncertain livelihoods: Subjectivities and
resistance, pp.82-97.

Appendices
Job advertisement