On average, people change careers 5 – 7 times in a lifetime. A common concern however, is whether changing career can be detrimental and whether future employers will employ you with little relevant experience. Some even believe it can have an adverse effect. However, your degree, knowledge and experience reflect your work ethic and value as an employee. If you can explain your career move as well as how your experience and transferrable skills can benefit their company – why would they not want to take you on!?
Some may believe that having finance experience is a key requirement to be able to secure a job in the financial industry, however the transferable skills obtained throughout your career may be just as relevant. For example, changing career from teaching to finance may seem like a drastic change. As a teacher, you are constantly looking for ways to clearly deliver vast amounts of complicated methods of analysis, to suit different age ranges and abilities.
This is similar to the skills required in finance when having to simplify and clearly deliver information to clients, regardless of their level of financial knowledge. Whilst teaching, you are constantly building relationships with an array of individuals. The way you interact with each of these individuals is completely different, and this is vital when speaking to different stakeholders in the financial industry, whether you are speaking to a colleague that sits next to you, or an executive director who has asked you to prepare for an important meeting.
Organisation is fundamental in all aspects of life and the only way to become better is through practice. When teaching, you must be incredibly organised, preparing for lessons in advance to ensure that you teach a topic within a period of time. If this isn’t met, then this can be detrimental to the students’ outcome in their end of year exams. In the financial industry people are constantly working to tight deadlines, whether that is to make sure preparation has been done for new regulations that are coming in, or that end of month statistics have been processed. You need to ensure you make time for training outside of work hours, including end of year exams and organisation and preparation is key to achieve this.
Transferrable skills can come from all different aspects of life and work; it’s the way they are implemented in the finance industry that will result in a successful career. What transferable skills do you have, and are you using them for the benefit of your team and the business? For example, everyone can have good communication skills, but can you communicate in a different language? Are you able to present confidently in front of large crowds? Can a colleague benefit from your skill? If so, show them and teach them.
The best teams are made up of different people, each with their own strengths. Many of which will be skills they have learnt from previous jobs, companies and even sports and hobbies. JDX employs people with diverse backgrounds and skillsets so that we can learn from each other, share abilities and ultimately be successful individually and as a team.