Finding a job on Wall Street is like a dream come true for those who are keen to prove their worth in the financial world. Wall Street jobs are hard to get but they are always in high demand.
At first glance, Wall Street is a narrow, crooked street on lower Manhattan Island. In reality, it is:
- the principal center for financial operations in the US.
- the Mecca of the financial world
Wall Street Jobs: Skills in Demand
Wall Street Jobs are suitable for those who have:
- Excellent public relations and communication skills.
- Confidence to manage client interactions.
- Quick decision making, particularly in challenging situations.
- Innovative approach and skill in pitching new ideas to potential and existing clients.
- Self-marketing abilities.
Wall Street Jobs: Designations and Qualifications
Jobs, designations and qualifications to clinch top Wall St jobs are listed below:
- Stock brokers/ dealers: This involves buying and selling stocks and other securities on behalf of their clients. As brokers charge a fee for every transaction, they prefer to have active traders as their clients. To become a stock broker, a Bachelor’s degree in Business or Economics is required.
- Portfolio managers: They manage financial securities and assets for their clients, who may comprise individuals or institutions such as insurance companies and corporations. Asset selection, financial analysis and plan implementation are functions of a portfolio manager. Those who have a Bachelor’s degree, preferably in Finance or Economics are eligible for this role. Additional courses in bond valuations, equity strategies and portfolio management will be considered as added advantages.
- Financial advisors: They provide financial advice on investment opportunities to individuals, families and organizations. They stay in sync with trends in the financial markets and devise effective strategies for their clients. A Bachelor’s degree in Finance, Economics or Accounting is a basic requirement. An MBA degree will provide a competitive edge.
The financial recession of 2008 has affected Wall Street jobs adversely but building relationships with new and existing clients and presenting solutions to prospects are some of those exciting things that make Wall Street a preferred destination for ambitious job seekers.
