Few skills a candidate must have to make a career in the BFSI sector

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December 14, 2020

 
India's Banking, Financial Services, and Insurance (BFSI) sector is anticipated to provides jobs to 1.6 million skilled workers by 2022. As per NSDC (National Skill Development Corporation), the sector will need more manpower in various departments such as banking, retails banking, finance, and treasury to meet future hurdles. Undoubtedly, it is the right time to kickstart your career in BFSI. But do you have the core skills? Here are some of the attributes BFSI recruiters look for in a candidate during the selection process:

Be aware of the market development- You need to have a thorough understanding of the sector and should follow the latest developments in order to stay competitive. Also, you must learn new skills which are extremely beneficial.

Must possess analytical power- A candidate must be armed with analytical power, mathematical prowess, and learning dexterity. These skills will help you perform better in the evaluation process.

Should be updated with new-age technology- Advanced technology has disrupted every sector With artificial intelligence and machine learning being introduced to the financial institutions, the applicant must be aware of the technological advancements.

Great communication skills- Communication skills are important for any job in the world. Communication will enable you to be heard and appreciated better as it will facilitate your professional growth. The financial sector requires huge people skills, the capability of dealing with others with better patience and empathy will help you excel in this field.

Exhibit reliability- Be it mutual fund, insurance firm, or bank, every sector deals with money, and hence personal integrity is an invaluable quality in this sector.

Ability to be flexible- As the global financial markets run round the clock, candidates with the ability to withstand challenges and surviving in such difficult times will be appreciated.

Recruiters are facing challenges while looking for skilled candidates and if you possess these attributes, you will shine in the BFSI sector!