Financial career survival guide

Financial career survival guide Financial career survival guidePosted October 13, 2011, by Josie Chun The global financial crisis has affected nearly every industry, but few areas have been hit as hard as the banking and financial sectors. Surviving can be tough and its hard not to get discouraged. But take heart all is not lost, and often what is required is a change in focus and attitude. Jane McNeill, a senior Regional Director for specialist recruiter Hays Banking, offers the following advice on how to adopt a strategic approach to advancing your financial career during these challenging times. Think long term Now mora than ever, your choices should be directed towards establishing long-term job security and career stability, rather than short-term fixes. Add value The more value you can bring to your employer, the better. People with strong business development skills, as well as relevant banking experience, are in high demand especially those with a strong sales focus and the ability to develop a healthy portfolio. Be an all-rounder In todays market, it is those with the most diversified skills who will thrive. For example, a relationship manager who also has strong credit experience will have more opportunities in credit- and risk-related roles than in mainstream relationship management. Or someone with both mortgage- and business-lending skills will have more options than someone with experience in only one of those areas. Be flexible With hiring freezes being implemented in many financial services organisations, employers are increasingly asking their employees to take on extra responsibilities in the short term. Embracing these different duties with a positive attitude will give you an opportunity to diversify your skills, impress your employer, and help justify your position in the process. You may even find that you enjoy the learning and variety. Think beyond the bottom line With a greater pool of qualified job-seekers on the market, it pays to have a flexible and realistic approach to salary expectations. Those with the greatest skill sets will generally secure the highest salaries, but accepting slightly lower rates may pay off in other ways such as flexible working hours or career advancement that are offered in place of salary increases. Consider contracting As less hiring is taking place these days, there are gaps that need to be filled often by contractors, and this is a trend that is set to continue. For contractors themselves, advantages include greater variety and depth of experience, and skills development and diversification. Be patient With more candidate choices on offer, employers now have the luxury of taking their time so dont be surprised if the recruitment process takes longer than it did in the past. Dont give up The glut of eligible candidates also means that employers have the luxury of being more specific in their wishlists. So while it may take a little longer to receive a job offer, it will hope fully result in an offer from a company for which you are the best fit which means that everyones a winner. Getting to that point, however, requires determination and persistence. Believe in yourself Be confident in your abilities and win them over with your positive, can-do attitude.Certificate IV in Finance and Mortgage BrokingStudy modeClassroomzugnglichPayment optionsPayment planUpfront paymentEnquire Online Enquire OnlineFinance ResourcesFinance manager resumeFinance manager cover letterCareer Insider StoriesShane Oliver - Head of Investment Strategy and Chief Economist at AMP CapitalJodie Matthews - Finance & Administration ManagerSue Xue - Finance Analyst at The Wrigley CompanyChris Bates - Financial Advisor & Founder of WealthfulKhalid Ahmed - Financial Controller at New BalanceInterested in becoming a?Human Resources OfficerBusiness ManagerOffice AdministratorManagement ConsultantOffice ManagerPopular Career Searcheshow to become a financial planner in australiafinancial c ounselling courseshow to become a financial analyst in australiadiploma of business career pathhow to become a financial advisor australiaFinance CoursesDiploma of Financial PlanningEnquire Online Enquire OnlineAdvanced Diploma of Financial PlanningEnquire Online Enquire OnlineBachelor of Commerce (Accounting)Enquire Online Enquire OnlineCertificate IV Financial ServicesEnquire Online Enquire OnlineJosie ChunRelated ArticlesBrowse moreWho wants to be a millionaireIf you thought mining was the road to riches, think again - financial services are now taking over as Australias main source of millionaires.FinanceWORKFORCE TRENDSFinance and banking bright spots amid the doom and gloomThe banking and finance industries have been amongst the hardest hit during the current global financial crisis.FinanceRisky businessYou crash your car. You have emergency heart surgery. Your suitcase is stolen. Of course, these are all less-than-ideal situations but theyre all linked by an urgent need for one simple thing insurance.