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What you need for a career in wealth management

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A career in wealth management is something that can open you up to a whole world of exciting new experiences, financial rewards and other business opportunities. It isn’t something that can happen overnight however, there are several qualifications and other desirable attributes that employers look for. What’s more there’s a number of options in terms of the roles that can be available.

To give you a clearer idea of what you need, we have given a breakdown of some of the skills and attributes required to help you on your way to your dream career in wealth management.

‘Wealth management’ explained

While wealth management covers quite a broad spectrum, the straightforward definition is that it’s a role which provides solid financial advice to help people make the right investment decisions with their money.

The basic requirements

Like with most professional roles you will need GCSE grades, A-levels and a degree in relevant subjects such as business, maths, accounting or economics. More importantly though, you will need a strong desire to succeed and will to want to forge a career in this sector.

The right experience and skills

Next comes your experience and your skill set. You’ll need to:

  • Have excellent communication skills
  • Be able to cope well with large amounts of information
  • Be able to explain complicated financial information to clients
  • Have excellent and professional people skills
  • Have an idea of which area of wealth management you wish to pursue
  • Be able to multitask and stay calm when working to tight deadlines

Other attributes

Your personality/character is another big factor in this as with many people-facing roles. You can have all the experience in the world but an employer won’t take you on if they feel your character isn’t the right fit for their firm. This is also where you other life experiences can really come into their own as well. The more interesting and unique selling points about yourself you can offer, the more well-rounded and attention-grabbing you can be.

If you tick the above boxes, then now could be a great time for you to get in touch with a recruiter. There’s plenty of great companies currently looking for everything from graduates to those looking for a new career; even industry experts such as Sanlam for instance.

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Are you considering a career in wealth management? How have you found it so far? Let us know below.

Career CamelWhat you need for a career in wealth management

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