1. Communication Skills

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In finance, it’s all about the numbers; except when it’s not, and your words are what makes the numbers leap off the page.

As a CFA you will frequently need to translate complex investment strategies, financial models, and risk assessments to clients, management, and even non-finance employees.

Communication Essentials Some of the key elements of communication that must be present are:

• Simplifying Complex Ideas:

Ability to simplify complex financial concepts for easy understanding.

• Active Listening:

Actually, listening to what the client wants and working towards an appropriate response rather than just trying to shove technical up-him/her/them.

• Presentation Skills:

Prepare and present compelling reports, pitches and recommendations that resonate with audience(s).

Tip: Practice storytelling. They value the hell out of someone who can tell a good story with hard numbers.

2. Critical thinking and reasoning Problem solving and reasoning

All investment decisions carry a risk of loss.

To do well, CFA professionals should have great critical thinking skills; the ability to analyse situations, question assumptions, and come to an informed decision.

Critical thinking includes:

• Analysis of Alternative Scenarios:

What could go wrong? What are the best case and worst case?

• Conventional Wisdom Under Scrutiny:

Taking nothing at face value and verifying with do your own research and logic.

• Making Rational Decisions:

Data driven and emotionally unbiased while recommending.

Tip: Exercise structured thought about investment problems by conducting frequent “what if” exercises.

3. Emotional Intelligence (EQ)