Bridging Skill Gap in the Finance Sector

Bridging Skill-Gap in the Finance Sector

In simple terms, skill gap refers to the skills people require to succeed at their job. Skill gap has been an apparent problem in the finance industry for the longest time. Students recruited as part of the campus placement programs or otherwise had to be extensively trained by the company either on the job or before they even started working. This extended learning spell for the new recruits is essential and in other words bridges the skill gap. 

However many multi-national companies today are moving away from this model and prefer to directly hire professionals or freshers who are skilled and equipped for the respective job roles. This shift has left many finance aspirants with completed degrees without a job. The deficiency of the education system in terms of preparing students to be market ready is one of the reasons for the ever widening skill gap in the job market. Hence, students are now strongly suggested to pursue finance skill development courses to be recruited by leading organizations.

MyLogic Business Management School offers one of the best skill enhancement programs called Certified Operational Accountant (COpA). The core aim of the course is to bridge the skill gap between campus and corporate such that students can confidently face the challenges in executing the day-to-day tasks at their workplace and sustain a long-term career. 

The Importance of Up-skilling

When it comes to skill gap and skill enhancement programs a common misconception is that it is limited to only students or freshers who are looking for a job to kick start their career. This is simply not true because there are several instances in companies where experienced professionals are also required to up-skill to stay relevant to the updated technology and responsibilities that their job role demands. 

Especially in a dynamic field like accounting and finance, technological changes are very common and require finance professionals to be quick learners and update their skill-set to avoid skill gap. Hence, up-skilling is one of the core aspects of being a finance professional. It is also a great way to keep yourself relevant and attract interesting career prospects and job opportunities.

Technical Skills and Soft Skills

The skill development course commonly pursued by students and aspiring finance professionals focuses on both technical finance knowledge required for the job and soft skills. The educational system may equip them with strong finance foundation however the practical application and soft skills like problem solving ability, communication, analytical thinking etc. are gained in a skill development course. 

Hence, enrolling for a skill development course is crucial to not only impress your interviewer and secure a job but also has a long term advantage of a healthy finance career.

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