Reasons Women Should Get Into Finance
Tax Expert Faye Watts Is Keen Women Should Get Into Finance
Faye Watts is passionate that women should get into finance, and if you’ve been made redundant, it’s an ideal time to consider it as a career. Faye explains why…
A recently published report is sadly yet more evidence that girls and women still get anxious about maths and figures. This is a huge shame as it means that they don’t consider what can be very lucrative, and fascinating careers within the many financial industries. While this needs to be tackled early in education, women can still also be encouraged into these industries, After all, many financial jobs call for people and management skills too, something where women often excel. The era of the grey suited accountant and his briefcase has gone. Nowadays, money really is sexy!
There are careers out there at every level, with specialist roles like banking, wealth management, accountancy, foreign exchange, financial advisory, asset management, credit control, insolvency, and financial analysis, extending to in-house finance teams in fashion houses and other creative sectors. Not only are these jobs a great fit for women but women also bring a good deal to these careers. I’ve interviewed many women in the financial industries, asking them about their roles and they all agree that a career finance should definitely be one to consider.
Women have Innate Skills
While you are working with figures, you are often also working with people and this is where women are strong. They can be charismatic and empathetic which helps build a feeling of trust that makes client work and sales a more natural process.
Meanwhile, as the number of women starting their own business and investing grows so will the need for females in the financial world who can work and support these women.
Money Means Power
Understanding money is a very empowering, both personally and politically. All over the world, women are repressed. It may be more obvious in some societies, but this can only be countered by women taking more power…and that means having control over money. You could even say that money has more sway than politics.
A good grasp of figures is good for anyone. It gives you a strong position in your own life and a sense of social intelligence about money and how it can be used, both for yourself and other people.
Salaries are becoming more equal in the financial professions and there are good career prospects. For the absolutely dedicated, there is the opportunity to be earning big figures, even over £100k in your twenties. Career wise, little can compare with that.
Although some financial professions may be tainted with a bit of sexism (banking for instance), many, such as accountancy, are not. In all my years I’ve never seen or heard sexism within an accountancy setting. Professions such as accountancy and financial planning are also excellent choices for those who will want to return to work after starting a family. If you know your money, you’ll be able to pick up your career again, and it’s likely you’ll find some kind of flexible working to suit you, if that’s what you want.
It’s Not Boring
As I mentioned, the man in the grey suit with the briefcase is long gone. A career in finance now often means meeting clients, learning about their businesses, their lives, and what they want to do with their money and how it affects their future and family. You can really make a difference, whether that’s helping to turn a flailing business around, or help parents plan a savings strategy for their children’s education. Doing your best for clients feels good, and that’s a feeling that you don’t always get in every job.
If you’re worried about sitting in an office all day, it doesn’t have to be like that. You are often out and about meeting clients, and it can also be a shortcut into more glamorous industries like fashion, film and sport, which all need people to handle the finances.
Find out more about Faye at www.fuseaccountants.co.uk or watch her talk about how to know if a business will be profitable here.
Interested in discussing how you might get into a career in finance? Book a coaching session here.