3 Career Mistakes to Consider in the Financial Modeling Field

Whether you are new to the financial modeling field or just getting started, if you want to be successful and stay successful in your field, you want to develop your career path. In order to develop your career path, you want to avoid these common career mistakes.

Not finding a mentor – It may not seem important but it truly is. Finding a mentor is one of the best things you can do for your financial modeling career. In addition, not finding a mentor can lead to a difficult road. Having a good mentor can help you plan your career, network within your field, and give you great sources of questions and issues to help you navigate your career.

Being a one-man show – Committing career suicide typically begins with an “all about me” attitude. A quick way to end your financial modeling career is to be self-absorbed and not a team player. It is vital to be conscious of the overall plan of the company for which you work as well as look out for the best interest of the company not just your personal career.

Getting too comfortable – Another common career mistake that many people do not realize is a career mistake until it’s too late is getting too comfortable in your job. If you do not seek out additional responsibilities and continually challenge yourself, you may find yourself passed over for promotion or without a job before you realize. As a financial modeling professional, it is important to keep challenging yourselves and not get too comfortable with your current job.

There are many things you can do to shorten your financial modeling career. However, avoiding these three career mistakes can help you stay on the right track for a successful career in financial modeling.


Refreshing Your Education in Financial Modeling

In today’s job market, it is imperative that you keep your skills and education fresh in order to compete with the large population of job seekers.  One of the best ways to enhance your resume and make yourself more competitive is to take degree or certification courses in your field. There are many financial modeling programs and certifications available. These can help prepare you for a career in financial modeling or ensure your skills and education are the most up-to-date available.

There are several advantages to taking courses in a degree program or certification program in financial modeling.

Current Skill Development – Enrolling in a degree program or certification program in financial modeling can be a perfect way to update your skill set. When you take an interest in furthering your education, you show potential employers that you are motivated to stay in your field and want to be knowledgeable.

Advanced Skill Set – A degree or certification in financial modeling gives you an advanced skill set that others without further education do not have. Even if additional education is not a requirement for the job, advanced education shows commitment to the field, discipline to see an educational program through, and achievement within your field.

Gets Your Resume Noticed – With competition at the forefront for many jobs, having a certification or degree can get your resume noticed and possibly considered above others whom do not have additional education.  Making your resume “stick out” from the crowd is the goal of many job seekers and additional education is a great way to achieve this.

The benefits of additional education within the field of financial modeling are numerous. Getting a certification or degree within your field can provide fresh, up-to-date professional knowledge as well as a way to get your resume noticed and help you land that next financial modeling job.

The Importance of Being Organized in Financial Modeling

A successful professional in the field of financial modeling is both organized and productive with his day. Whether new to the field of financial modeling or a veteran leader, obtaining the skills necessary to be the most productive can help any professional accomplish more and work toward a successful career in financial modeling.

Job security is a concern to most every member of the job force today. Therefore, in order to secure your job, you need to be a valuable and producing member of your team. This is best accomplished by organizing your time and managing your workload to ensure that you are doing your work both efficiently and well.

Ensuring that you begin your work day by organizing priority tasks, managing your time well, and not wasting your time or the time of others, as well as make money for your company, will help you be successful at work. Sometimes it is best to schedule time in your day to plan and assess. Though it seems to be a stall in production, it can help you avoid wasting time and make certain you are doing the best you can to complete your job in the more efficient manner possible.

4 Ways to Fill a Gap in Financial Modeling Employment

There comes a time in every person’s career when you may find themselves with a gap in employment.  Though this is typically not a big deal to most people, having a gap on your resume when applying for your next job can be a big deal. Here are some things to consider should you find yourself without a financial modeling job to keep your resume ready for your job search.

Volunteer Work – Consider doing some volunteer work in the financial modeling field or in a place where you can gain pertinent experience to the financial modeling field.

Take a Class – You may want to think about taking a class in financial modeling. This is a great way to get some up-to-date skills and education on your resume.

Do Freelance Work – Freelance work in the field of financial modeling can be difficult to find but you may be able to keep yourself busy with some jobs to at least have something to put on your resume.

Consider an Internship – Most internships are non-paid; so a gap in employment is an excellent time to take on an internship to give you valuable experience and to keep your skills fresh.

If you find yourself without a job in the financial modeling field, or are unemployed and hoping to find a financial modeling job, considering a class, some volunteer work, or an internship in the financial modeling field can be great ways to ensure that your resume is current during the gap. Doing something to further your knowledge and experience, even during a time of unemployment, is a great way to show your dedication to the field and not let a gap in employment affect your ability to get your next job.

4 Things to Do When Working as a Financial Modeling Intern

There are a few things you will want to keep in mind as you begin your financial modeling internship.  Being chosen for a coveted internship opportunity, it is important to make the most of your internship. Here are a few things to ensure you take full advantage of your financial modeling internship opportunity.

Make Friends – It is important to make friends, not just in your peer group, but also in other age groups. Don’t just think you are there for yourself and alienate yourself from the other interns. It is important to learn from others and glean as much knowledge about the job as you can.

Ask for Feedback – Be sure to check in with your supervisor regularly to ask for feedback on your performance. You want to learn what you can do better and what you are doing that others see as good. Asking for feedback shows you are serious about the job and that you want to learn the job and make improvements where you can.

Figure out how things Work – You will want to ensure that you understand how the company works and the ways of the office in order to best work for the company. Your superiors as well as colleagues will appreciate that you learn the ropes, understand the processes, and make an effort to follow standards and guidelines.

Be Appreciative – Getting a financial modeling internship, especially one that had a lot of competition for the openings, is an opportunity. Do not forget to thank those that helped you get the position and those that help you keep the position. You want to thank people for the knowledge they share and their help when they provide it. You will be surprised how far a simple thank you can get you.

Expert Richard C. Wilson (of BusinessTraining.com) Featured on NBC as Guest on The Brian Tracy Show


Expert Richard C. Wilson (of BusinessTraining.com) Featured on NBC as Guest on The Brian Tracy Show

Richard C. Wilson, best-selling author, global speaker, and founder of BusinessTraining.com was recently seen on NBC, CBS, ABC and FOX network affiliates around the country as an expert guest on The Brian Tracy Show.

Portland, OR – May **, 2012 – Richard C. Wilson, Founder and President of the Global Training & Certification Institute and BusinessTraining.com, was recently an expert guest on The Brian Tracy Show. Best-selling author Brian Tracy, one of the country’s leading business minds, hosts the show that was recently featured on NBC and other major network affiliates across the country.

“The Brian Tracy Show” features an interview format, with Brain Tracy interviewing business leaders and marketing experts from around the world. Richard Wilson was one of Mr. Tracy’s recent guests, discussing his online business training and certification programs.

Richard C. Wilson is the founder and President of the Global Training & Certification Institute, which runs BusinessTraining.com. Due to the realization that most professionals receive very little if any practical training from their employer or school within their specific area of work Richard created the G.T.C. Institute. The mission of the G.T.C. Institute is to provide practical online training and certification programs for niche professions and industries so that teams or individual professionals may learn only what is relevant and practical instead of traditional and generic.

Richard is a bestselling author and global speaker at conferences and full day training workshops held each year within cities such as New York, Zurich, Singapore, London, Brussels, San Francisco, Moscow, Chicago, Tokyo, Boca Raton, and Hong Kong. Richard is the author of six books, including Speed of Implementation, The Marketer’s Bible, The Family Office Book, and The Hedge Fund Book, and he has written and published over 5,000 articles that have been read by over 20,000,000 professionals in the business and finance industries. Richard has a Bachelors of Business Administration from Oregon State University, an M.B.A. in Marketing from the University of Portland, and he has completed masters level research and coursework on the psychology of influence at Harvard University within their ALM department.

Brian Tracy is Chairman and CEO of Brian Tracy International, a company specializing in the training and development of individuals and organizations. Brian Tracy has consulted for more than 1,000 companies and addressed more than 5,000,000 people in 5,000 talks and seminars throughout the US, Canada and 56 other countries worldwide. As a Keynote speaker and seminar leader, he addresses more than 250,000 people each year.

The Brian Tracy Show was produced by Nick Nanton, Esq. and JW Dicks, Esq. Dicks and Nanton are also the founders and producers of the organization and TV show, America’s PremierExperts®.

To learn more about Richard C. Wilson and BusinessTraining.com, please visit http://www.BusinessTraining.com.

To talk to someone about the 20+ self-paced training programs available on BusinessTraining.com please call (503) 922-2752 or send an email to Team@BusinessTraining.com



Matt Collins

Dicks and Nanton Celebrity Branding Agency®



Important Qualities of a Financial Modeling Professional

Many characteristics define a good financial modeling professional. Some of the best characteristics are productive and organized.  Financial modeling professionals that are organized can be more productive, which is a very important quality in a financial modeling professional.

What does being productive mean to a financial modeling professional? It means that they work efficiently and work smart throughout the day. This may include prioritizing, managing one’s time efficiently, and delegating when appropriate. Being a good financial modeling professional means knowing how to be a productive member of the company.

One of the best ways to become more productive is to be organized. A good financial modeling professional organizes projects efficiently and organizes his tasks to use his time effectively to get the most out of his day.

In today’s competitive job market, having these valued qualities make you important to your company.  Having these important characteristics will have you on the way to being a key employee within your company.

How a Financial Modeling Certification Can Benefit You

In today’s competitive job market, one of the greatest ways to ensure you are noticed above other job applicants is to have skills and/or training that make you set yourself apart from the others. If the job requires a degree in order to qualify for the job, you will find your degree does not make you a prominent applicant over the others. An excellent way help get you noticed is to attain a certification in financial modeling.

Getting a financial modeling certification is a keen way to acquire education that not every job applicant will have. A certification is something that can give you specialized skills giving you an excellent update to your resume. Having a fresh resume that differs from the rest of the applicants is imperative in today’s job market.

There are both online and traditional classroom programs that lead to a financial modeling certificate. No matter which program is best for your current situation, you will be happy to have the certification, which could be an important factor in leading you to a new job in the financial modeling field.

4 Things Interviewers Notice in Financial Modeling Interviews

Your interview is usually your chance to make that first impression when looking for a financial modeling job. As you prepare for your interview, it is good to keep in mind the most common things that interviewers notice when you go on your financial modeling interview.

Timeliness – Being late is a definite no-no. The time you arrive will be noted and being late will be looked upon unfavorably. Avoid being late at all costs.

Dress – The way you dress for your interview is important. Even if you know that the job for which you are interviewing is a jeans and t-shirt kind of job, you still need to be dressed professionally for your interview. Showing up disheveled, sloppy, or inappropriately dressed is something that is noticed by almost every interviewer.

Communication – All financial modeling jobs require good communication skills, in one form or another. It is important to communicate clearly, effectively, and simply. Do not become chatty, do not beat around the bush, and do not mumble. These are things that an interviewer will notice and likely note as ineffective communication skills.

Preparedness – It is important to be prepared for every financial modeling job interview you attend. Research the company, the job, and any other important facts that you can highlight during your interview. Know what qualities and skills you bring to the company that will be go along with the company’s mission and vision, which you will obviously have read in preparation for your interview. Preparedness also means having items with you that you may need such as a copy of your resume, something to take notes on, a working pen, and anything else you may have been asked to provide.

The old adage “you never get a second chance to make a first impression” says a lot.  It is imperative to make a good first impression if you wish to be considered for a job.  When going on your next financial modeling job interview, ensure you are on time, properly and professionally dressed, prepared for the interview, and then communicate your skills and qualifications effectively and you will find yourself in the running for the job.

3 Common Career Mistakes in Financial Modeling

Making certain that you make the right career decision is imperative to a successful career. Avoiding common career mistakes in financial modeling is the best way to keep on the right track. Here are some of the common career mistakes you will want to avoid.

Being “Me” Centered – Your company wants you to be looking out for them not just you. Not that you cannot keep your goals and aspirations in sight, but being focused on what will benefit you the most can leave both superiors and peers with a sour taste. Always being concerned with whether you are getting what you deserve will show that you are not a team player thus putting you in the position to not be considered for advancements and the most sought after projects or clients.

Being Unreliable – Everyone wants a team player. Someone that will commit to completing tasks they have stated they will. If your coworker and supervisor cannot rely on you to fulfill your promises, you will quickly loose the respect of everyone you work with. Respect and reliability go hand in hand and can have a huge impact on your financial modeling success.

Being Complacent – Enthusiast go-getters, and visionaries are what every company is looking for in an employee. Being complacent with where you are, and not looking to go the extra mile to help the company, will stall your career in a flash. Be a team player who is looking at the big picture to help the company succeed.

Using Mock Interviews to Prepare for Your Financial Modeling Interview

When preparing for your financial modeling job interview, a great way to get prepared is by doing mock interview. Mock interview give you a chance to practice professional responses, body language and non-verbal communication, and controlling filler (“ums” and “ya knows”). A mock interview also allows you to become more comfortable with the interview process as a whole.

Here are some ways to practice for your next financial modeling interview:

  • Practice in Front of a Mirror – Practice answering question in front of a mirror. Watch how you sit, stand, use body language and hand movements. Listen carefully to how you speak and use filler words. Watch your facial expressions. Though not considered the truest representation of how you would interview, it is better than no mock interviewing practice at all.
  • Record your Interview – It can be very helpful to record yourself doing an interview. Watching yourself will allow you to see your body language that is too much, show you if you use fillers such as “um” repeatedly, and see what you are doing well, which will increase your self-confidence.
  • Have a Friend Interview You – Having a friend interview you can help you feel more confident and prepared.  Allowing yourself an opportunity to practice your interviewing skills will help you feel more ready for your next business interview.

Even if you are a veteran interviewee, keeping your interview skills fresh, staying in practice, and reviewing how you speak can be very helpful. Your interview is usually your only time to show what you have to offer in person. Be sure to be well prepared and self-confident. Mock interview can help you with being prepared and confident which can lead to financial modeling interview success.

How to Prepare for Your First Day of Your New Financial Modeling Job

The first day on a new job can be exciting.  Whether you are new to the field of financial modeling or just moving to a new company, you will want to prepare.  There are many things to consider when preparing for your first day on your new financial modeling job.

Prepare for the Commute – You definitely do not want to be late for your first day of on your new financial modeling job.  Therefore, it might be in your best interest to prepare for your commute by driving a test run.  This means that you may want to ensure you know how long it takes you to get to your new workplace.  Don’t forget to plan for traffic if you do not have the opportunity to do a test run during your normal commute time.

Get Your Lunch Ready – Unless you have been specifically told that you will be going out to lunch with someone, it may be a good idea to brown bag it your first day. In today’s workforce, it is common to have shorter lunch hours, or even eat while working. Therefore, it is a good idea to be prepared with your lunch. You can always take it back home with you if you don’t need it.

Homework – Doing your homework before your first day on the job is important. This means doing research on the company and knowing at least what you can find out from the Internet or any materials that you were given during your interview. Recalling some good facts about the company can be impressive to your new boss.

Break out the Iron – Dress for the part and make sure you look professional and pulled together. Even if your work environment is one that is casual, it is good to be clean cut and professional. Make sure you do not look like you slept in your shirt.

Get Your Supplies – Make sure you have a working pen and a pad of paper on which to take notes. You will be meeting many people on your first day and it might be a good idea to write down some notes on the people that you are meeting.

Listen and Ask Questions – The first day is not the time to pretend you know something and not ask questions. It is actually the best time to ask questions. If the instructions are not clear, be sure to clarify. Take notes and be certain you can have all the details to complete any assigned tasks accurately.

Get Plenty of Sleep – Lastly, but probably most importantly, make sure that you get plenty of sleep. You don’t want to yawn through your first financial modeling meeting or through meeting your boss’s boss. Be sure to be well rested and ready for your day. This is the best preparation you can do to make your first day on your new financial modeling job a success.

Secrets to Getting Your Resume Noticed in Financial Modeling

In a sea of resumes, getting your resume noticed, when applying for a financial modeling job, can be a challenge. Here are some secrets to getting your resume noticed and helping you land that next financial modeling job.

Be concise – Don’t use filler language and fluffy words. Be clear and concise when highlighting your education and experience. Emphasize skills that are important to the financial modeling field.

Include keywords – Including industry-specific keywords is vital to being noticed in today’s technically advanced world. With many companies utilizing keyword detection software, ensuring the inclusion of job-specific words can help get your resume noticed by a company whether they are using a software program or a human resources person.

Follow-up – Ensure that you follow up with every company to which you apply. Whether you follow-up with a phone call or an email, or both, following-up can make a big difference in how you are perceived by the company and whether you will be considered. Make sure you take the time to follow up. It shows your professionalism and sincerity in wanting the job.

Getting a job in financial modeling can be competitive. Ensuring you have a stellar resume is half the battle, but making sure that stellar resume gets noticed is the other. Be certain you are being noticed during your job search.

Writing Your Financial Modeling Resume

Your resume is the primary introduction to your skills and experience and typically the first thing a potential employer sees when looking to fill a position. When looking for a financial modeling job, having a great financial modeling resume is key.  You will want to ensure you have a good resume that reflects your pertinent skills, education, and experience to help land your next, or first, financial modeling job.

Skills/Education – You want your resume to list your skills and education that are important in a financial modeling job. If you do not have experience in the field, it is important to discuss skills and education that will be important to the job even though not received with working in the field.

Experience – Experience is always an important factor when hiring for a new job. If you do not have extensive experience in the financial modeling field, you will want to get some experience in other ways. Try volunteer work or internships to acquire some valuable experience that you can included on your resume.

People Skills – Almost all jobs require people skills, financial modeling is no different. Therefore, even if you do not have a lot of financial modeling experience, highlighting experiences in customer service, working with teams, or supervising people can be a huge plus when your resume is being reviewed.

Financial modeling is a competitive field so you will want to ensure that you have a strong resume that will set you apart from the other job applicants and show what you bring to the table.  Having a strong resume is the first step to landing that next job in financial modeling.

Quick Ways to Ruin a First Impression in Financial Modeling

Whether you are interviewing for a financial modeling job or simply meeting a client or potential customer, making a good first impression is very important. Therefore, understanding some ways you may ruin that first impression are important to keep in mind to ensure you are making the best first impression you can.

  • Typos – When sending a resume, cover letter, or follow-up email, having typos present in your correspondence is extremely unprofessional and should be avoided at all costs. Proofread your work and, if possible, have someone else proofread your correspondence to ensure it is free of spelling and grammar errors.
  • Not up with technology – In today’s technologically advanced society, not providing an email address or not having your voice mail set up is considered not up-to-date and, therefore, difficult to correspond with. Ensure you have a good, professional, email address on your resume and all correspondence. Also, be conscious of your voice mail and cell phone and its set up. Have a professional greeting and watch out for ring-back tones and other extras that may not be professional to those leaving you a message.
  • Not engaged – You can quickly ruin your first impression if you are not engaged in the conversation. If you are meeting someone for the first time, especially during an interview, be sure to make eye contact and stay engaged in the conversation. Checking your phone or your watch can be distracting and be extremely unprofessional. Staying engaged in the conversation and show your genuine interest in what is being said.

First impressions are extremely important and you never get another chance to make that first impression so ensure it is an impression you want left about yourself. Make certain you leave a first impression that you want to leave when looking for a new job within the financial modeling field.

Have You Considered a Financial Modeling Internship?

An internship is an outstanding way to acquire financial modeling experience. If you plan to change careers to financial modeling, or you are just getting out of school, an internship is a wonderful way to gain some valuable experience for your resume.

Depending upon your needs and the availability of internships in your area, you will need to choose whether a paid or non-paying internship is for you. In most cases, an unpaid internship is easier to find and secure; however, this is more like volunteer work but can give you a variety of experience to help you land a job in the financial modeling field.

Paid internships are the most sought after and traditionally employ college seniors or new college graduates.  Commonly, these internships are with bigger companies and typically can lead to an offer of employment by the company should your internship experience be successful.

If you are hoping to find a job in the field of financial modeling, then an internship may be the right fit for you. No matter which internship type you choose, it can give you some good experience to include on your resume and, hopefully, lead you toward a job in financial modeling.

Getting Financial Modeling Experience through Volunteer Work

It is the age-old “Catch 22” – how do I get a job without experience and how do I get experience without a job? Many job seekers find themselves in this situation regularly. Volunteer work can be an excellent way to gain experience in financial modeling without getting a new job. If you are looking to gain some experience for your resume, considering volunteering your services in financial modeling is a good way to be on your way to a job in financial modeling.

  • Small Businesses – As a job seeker looking to gain experience in the financial modeling field, it can be important to approach small businesses in your area and offer your services for free.  Small businesses typically have smaller budgets and will likely have more experience to offer you. In addition, they may have more time and flexibility to train you in the work as well, which can only be beneficial to you in gaining valuable experience.
  • Large Companies – Though large companies may seem difficult to approach, you may find that they have volunteer opportunities or non-paid internship openings that will give you a wonderful chance to acquire experience in financial modeling. Many times these types of unpaid positions can lead to a paid position if all goes well.
  • Not-for-Profits – Another excellent place to volunteer your time and services is with your favorite not-for-profit organization. Charitable organizations typically have plenty of work for a volunteer and welcome the assistance. Many times, you will find that you gain a lot of experience and quickly with a not-for-profit and will come away with some excellent references as well.

Getting experience and buildings skills is very important to landing a financial modeling job. If you are just graduating from college or making a career change, getting experience in the field of financial modeling is important so be creative in how you attain the experience and do not wait for just the right opportunity, jump right in and get some experience. You will be glad that you did!

Asking for More Money as a Financial Modeling Professional

There comes a time in everyone’s career that they feel they deserve more money than what they are getting paid.  If you have come to that time in your career as a financial modeling professional, you will want to keep these things in mind when breaching the subject of salary with your supervisor.

  • Schedule a meeting with your supervisor to discuss money.
  • Be positive and factual, not emotional.
  • Do your research and be sure to quote industry norms for those holding a similar position.
  • Support your request with performance examples showing you have earned a raise.
  • Make sure you have met all company requirements to qualify for a pay raise.

Keeping these facts in mind when you have decided to ask for more money will help you approach the subject in the best way and be taken seriously. As a financial modeling professional, you may have done the work to deserve the raise, just be sure to ask for the raise in the right manner.

3 Reasons Not to Make a Career Change to Financial Modeling

If you are looking to make a career change, you will want to do some research before deciding it is a good idea. Making a career change later in life takes a lot of work and may affect your long-term marketability. However, if you are sure that you want to pursue a career in financial modeling, then you will want to go about your career change the right way. Many people choose to change careers for the wrong reasons. Here are some reasons why you should not be making a career change to financial modeling.

Money – Making a career change simply for the money is not the best option. Though earning potential may be one reason that you are considering a career change to financial modeling, if it is the only reason you will likely find yourself with limited marketability as well as unhappy with your career change.

Other’s Success – Switching to financial modeling based on the success of others is not a good idea either. Just because someone is successful in financial modeling does not mean that you will be. If you are not trained properly or do not have a true desire to work in the field, then changing to the field of financial modeling is not a good move.

Dissatisfaction – When you are unhappy with your current job, you may think that you will be happier somewhere else doing something else. But a complete career change without a plan and proper education is a bad idea. Many times you are unhappy not because of your career but of your circumstances; therefore, make certain you understand why you are unhappy before making any drastic and long-term decisions.

Mastering Twitter to Find Your Next Financial Modeling Job

One of the newest and hottest online self-marketing tools available to financial modeling job seekers is Twitter. Therefore, effectively using Twitter is a great way to find your next job.  Learning to master the art of tweeting can be very import for today’s job seekers.

Follow these steps to using Twitter to find your next financial modeling job.

Step 1Set up your profile.  The first step to using Twitter effectively for your job search is to set up your complete profile. An incomplete profile will show poor attention to detail and limit your chances of being taken seriously.

Step 2Establish followers. Most job seekers that land jobs via Twitter have a good following on Twitter. That means you need to have valuable tweets that people want to follow.  To have a good following on Twitter means that many people are reading what you tweet and want to share (retweet) your posts.

Step 3Follow people. Find people to follow. Contact them directly with @ use occasionally. Do not inundate them with tweets. Follow companies in which you are interested. Follow people that work for companies you want to work for in the future.  Respond to tweets that companies and individuals send out to interact with them and establish a rapport.

Step 4Stay Engaged. Most people that find jobs via Twitter have many followers and are engaged with their followers as well as those that they follow.  Building a relationship with your followers is essential to using Twitter effectively.

Improving Your Self-Confidence May Help Land Your Next Financial Modeling Job

During the interview process, a potential employer is watching your every move and listening to your every word.  It is important to display a positive and self-confident image throughout the interview process.  If you are looking for a financial modeling job, you may find that improving your self-confidence is a very important part of landing your next job.

When you are searching for a job, you may find it difficult to stay positive, especially after you have seen more than your share of rejection letters. However, there are many ways to improve your self-confidence and land that next financial modeling job.

Get Rid of Negativity – The most important step to improving your self-confidence is to clear your mind of negativity.  Exuding negativity through the interview is a sure fire way to find another rejection letter with your name on it.  Even if you do not have a lot of experience in the financial modeling field, you do not want to seem incompetent or unsure of yourself. Be positive about what you bring to the table no matter how little actual experience you have. It is important to remember that you have to start somewhere and everyone has something to bring to the table, even if it is only your enthusiasm to learn the job and do great work for the company.

Don’t Be Afraid to Brag – Another way to not be remembered in the sea of applicants is to be afraid to make yourself stand out. Don’t be afraid to brag about your education, experience, and accomplishments.  If you did well in class, or have been in charge of some good projects, be sure to tell about them in detail.  If they have a skill that is applicable to the job for which you are applying, highlight this in detail emphasizing your experience and education.

Don’t Be Afraid to Change – Remember, even if you are someone that hasn’t been a positive person, you have it in you to change.  People can change. Don’t be afraid of it. Having a positive outlook and attitude will lead you to change your behavior.  If you feel that you have traditionally been a negative and uncertain person, decide to be a positive person. This change in your overall attitude could have you on your way to landing that next financial modeling job.

3 Secrets for Using Social Media to Get Your Next Financial Modeling Job

Social media is a way of life today. From staying in touch with your family and finding your next date to establishing networking contacts and finding a job, we use social media in every aspect of life. As a financial modeling job seeker, you would be remiss to not engage in the social media game to look for you next job.  But it is vital that you do it the right way or social media becomes a hindrance rather than a help.  Below are three secrets for using social media to land your next financial modeling job.

Engage in It – It is not effective to just post your resume on LinkedIn, post a Facebook status update that you are looking for a job, and then occasionally tweeting that you are still looking for a job. Using social media as a job-seeking tool requires more than passive use. Do not inundate your friend and professional contact list; engage in conversations, join discussion forums, and search for the right people to follow on twitter.

Know Your Audience – Facebook and Twitter are not for every recruiter and company. Some prefer other forums or groups. Whether the company you are interested in has a strong presence on LinkedIn or your professional audience typically utilizes Google+ is important to know. Do your research and figure out where the recruiters for the financial modeling industry frequent and focus your efforts properly for the best results.

Share Information – An occasional plug that you are on a job search is fine but daily tweets asking for job leads is not just annoying but improper use of social media. To be attractive to a company or recruiter you want to share information, engage in conversations, and show your knowledge and skills in the industry. Sharing good information and valuable advice will get your noticed. Even a new person to the industry has ideas and resources to share. Sharing can be a key component to getting attention on social media.

Using social media effectively to get your next financial modeling job can take some work but may pay off exponentially once you have that next job. Don’t be afraid to try new things and get out there and socialize.

Steps for Finding Unadvertised Financial Modeling Jobs

In today’s competitive job market, it is important to know how to locate all potential jobs by any manner possible.  Studies have shown that nearly 80 percent of jobs are found through networking.  This means that the majority of available jobs are not even advertised in the public sector. When looking for a financial modeling job, you will want to learn how to effectively network to locate unadvertised jobs.

The first step is to determine the top companies for which you are interested in working. After you have identified potential companies, you will want to begin an organized search for employees that work for these companies. With so many users on the Internet today, you can use an online search to find people that currently work for the companies you have identified. You can also check with financial modeling organizations and Linked In pages. Searching Facebook and Twitter is also recommended.

You will then want to locate contact information on the people whom you identify as working for the company. A basic Google search may be your best bet. This may also provide you with additional information on the person. You may also want to check the company’s website for a list of employees or key employees and reverse search them for additional information.

Once you have gotten a list of names together to go with the companies you will want to try to contact them directly. Though social media has allowed strangers to connect and network like never before, you do not want to just jump right in and ask for a favor. A good way to utilize social media when looking for financial modeling job leads is to message the person that works at one of the companies on your list and ask these individuals questions about the company or their field of specialty. Do not jump right into asking for a job. Get to know the person first before breaching the topic of a job.

Using social media in this manner can be very helpful in developing networking relationship. Since most financial modeling jobs are now secured through networking, it is vital that you learn how to effectively network in order to navigate today’s job market.

5 Questions to Ask in a Financial Modeling Interview

There comes a time in every job interview when the inevitable silence will fall after the dreaded question: “Do you have any questions for us?”  Financial modeling interviewees are nervous about this part of the interview. They are typically unsure what they should ask. Finding the right question can be difficult. Here are five questions that would be good to ask in any interview.

#1- Why is this job open? What happened to the person that was doing this job?  — It is important to understand the scope of the job as well as why the opening exists. Was the person promoted within the company or was he fired? These pieces of information can tell you a lot about a job. If it is a new job, you can ask who has been performing those duties and why they feel they need to make these duties into its own position.

#2- Why do you like working here? – This is a good question to ask your interviewer. They are likely to bring their guard down a little and talk with you about the company. This is a great question to personalize the interview.

#3- What are the biggest issues that the personal you are hiring will need to tackle? – This can be a great way to get a feel for the job. The interviewer can define some job expectations as well as what management is hoping to see from a new hire.

#4- Who will I be reporting to and what are their expectations from this job? – Even if a company is a great company overall, understanding whom you will be directly working with and for is the most important aspect of the job. Anything you can find out about your direct supervisor will be helpful in understanding the job and how it will be for you should you be asked to fill the position.

#5 – What happens now? – This is the best closing question and is important to the interview. Ask the preferred way to follow-up the interview. Ask for the interviewer’s direct contact information so you can follow up with him or her specifically and when a good time to call would be for him or her. Doing this shows your interest in the job as well as your initiative in moving to the next step of the hiring process.

3 Common Networking Mistakes in Financial Modeling

Networking is vital to your job search. If you are looking for a job or hoping to be looking for a job in the near future, it is imperative that you establish a good professional network.  However, when networking, there are misconceptions and mistakes that many job seekers make that need to be considered when trying to successfully network. Consider some of these common networking mistakes that financial modeling job seekers make that can hinder their chances of getting a job.

#1- Not Talking to Their Everyday Acquaintances– There are individuals that you encounter while going about your everyday life. Sometimes you don’t even realize who these people are except in a casual sense. You may know they have a 5 year old and they sit behind you in church or that they always order a Vanilla Latte on Tuesday morning but what these individuals do for a living has never come up. Though this is fine, what if one of them is the head of a human resources department at a company you are hoping to work? What if one of them has been looking for someone with just the skills that you happen to have? If you are a financial modeling job seeker, networking with these everyday acquaintances can be very important.

#2- Being Too Broad in their Networking – Most of us are too modest when networking. As a financial modeling job seeker you want to make certain you are not too broad when stating that you are looking for a job. Do not understate your skills or the fact that you are actively seeking a job. Don’t ask someone if they “know of anything,” ask them if they know of exactly what you are looking for. Being too broad and too passive will not make an individual feel compelled to help nor make you seem too serious in your job search.

#3- Using Social Media Only – Social media is a great way to network. Sites like Facebook and Twitter allow you to get the word out that you are seeking a job and Linked In is a professional networking source by definition. However, these are not the only ways to network and possibly not the best depending upon the type of job you are looking for.  Make sure that you do not solely network via social media. Don’t forget you have a phone and voice– use them.

Is a Financial Modeling Certification For You?

Are you considering a financial modeling certification to further your education? If you are thinking about getting a certification in financial modeling, you may find that there are many benefits to acquiring a certification. A certification has benefits beyond a traditional degree program.

1- To gain additional financial modeling knowledge – The most common reason that professionals choose to obtain a certification is that it can extend professional knowledge and keep them up-to-date on what is new and exciting in the industry. Gaining additional financial modeling knowledge is the key to being competitive in your field.

2- To show your commitment to your field – Attaining an additional certification in your field can show your commitment to your field.  This is a great way to make yourself competitive when applying for jobs and vying for promotions.

3- To establish credibility – Having a certification can establish your credibility within your field. It can help make you a knowledgeable resource both inside your workplace as well as within your professional network. The continuous and deeper knowledge of your field received through a certification can make you a sought-after expert within your profession.

4- To join a professional network – Seeking a certification within your field means that you will likely encounter additional industry professionals. This means that you will build an even bigger network of professional within your field to work with whom you can interact.

3 Things Not to Say In a Financial Modeling Job Interview

Job interviews can be stressful. If you are preparing for your next financial modeling job interview, you will want to make sure that you are conscious about how you answer questions and words that you choose to use. Here are three things not to say in a financial modeling interview.

Can’t – If you are being asked about a skill or experience, using the word “can’t” or “impossible” will not be motivating or impressive to your interviewer.  These words have negative connotations and avoiding their use in a job interview is advised.

Fired– When discussing your past job experiences, it is best to avoid the word “fired” if possible. If you were fired, and you are asked directly if you have been fired, you have no choice but to answer honestly. However, if you are asked why you left a previous job, using words like “laid off” and “downsized” have a better undertone than “fired.” Obviously, do not lie to a potential employer, that will only come back to haunt you, but using more delicate words is your best bet.

People person– Using a cliché such as “I’m a people person“ can be a huge turnoff in a financial modeling job interview.  Even if you are a “people person,” you do not want to sounds so generic. Pick a different way to state that you are good with people. You can mention your excellent customer service skills or interviewing skills. Find a way to spin the topic to not sounds so fluffy and give a more concrete picture of your skills.

Can I Reschedule My Financial Modeling Interview?

You have been on the job search for some time and you finally have your first financial modeling interview. However, you have a family emergency on the day of your interview; can you reschedule your interview? Of course you can; however, you need to make sure you following these tips to reschedule it smoothly and properly.

1-     Let them know as soon as you know – If you need to reschedule your interview, make sure you let the company know as soon as possible.  Yes, last minute issues can arise, but if you know you have a funeral to attend on that day and you know ahead of time, it is best to let them know as soon as you can to be courteous.

2-     Be polite – Make sure you are polite and apologetic for having to reschedule your interview. Talk directly with the person you schedule the interview with to make certain they know what has happened. If possible, reschedule immediately. Do not depend on a voicemail to ensure they received your message.

3-     Follow up – Follow up a rescheduled interview with an email to ensure there is no confusion. Also, be sure to use this follow up to thank the interviewer for rescheduling the interview. Be sure you show up for your next interview for sure.

Though you should do your best not to reschedule your interview, there are reasons that you may need to. Whether due to a family emergency or illness, if you do need to reschedule your interview, make sure you do so politely and in a timely manner.


Tips for Finding a Financial Modeling Recruiter

As a financial modeling job seeker, you may have considered hiring a recruiter. Hiring a recruiter can be a great way to find job leads and have someone on your side as you maneuver through today’s competitive job market. Here are a few tips in finding a good financial modeling recruiter:

1-     Find a recruiter that specializes in financial modeling. There are many types of recruiters available to job seekers. It is important to find one that specializes in placement within your field. This provides you the best way to find a job quickly.

2-     Find a recruiter that you are comfortable with. It is important that you feel comfortable with the recruiter that you choose. You want to be able to develop a working relationship with him or her and be honest about what you are looking for, what you are interested in, and your financial modeling experience and education.

3-     Ask about their requirements and business practices up front. Understanding how the financial modeling recruiter you are interested in works is important. You want to understand their business practices, how they work for you, what they expect from you, and how you should stay in contact with them.  Discussing this up front will help you decide if a recruiter is one you will feel good about having working for you.

4-     Repeat business. It is good to remember that, once you have found a financial modeling recruiter that you are happy with, you should remember to use them again in the future if you find yourself looking for another job.  Loyalty on your side will help the recruiter feel connected to you and make it easier for you to find your next job as well.

How to Find a Financial Modeling Job

Finding a financial modeling job in today’s competitive job market can be challenging. It takes work, tenacity, and determination to stand out from the crowd and land that job. Here are some ways to find a financial modeling job in today’s market.

Resume – One of the best way to find a job is to get your resume out there. When job-hunting for a financial modeling job, it is imperative to have an up-to-date resume ready at all time. Carry them with you and send them out to every company you are interested in working for.

Job Listings – Follow the job listings online and in your local paper. Though your best bet is to find a job through a friend, colleague or networking professional, you will want to exhaust all avenues. Online job listings can be a good way to find jobs, and using social networking job boards can be an excellent resource.

Follow Up – Ultimately, you will have the best luck if you always follow up. Follow up resumes you send out, networking connections you make, applications you fill out, and every job you apply for in any way. Following up can be the difference between being considered for a job and not. Following up on a job application can help you stand out from the other applicants and give you another chance to tell the prospective employer why you are the best person for the job.

4 Self-Marketing Tips for Financial Modeling Professionals

Self-marketing is a very important part of today’s job seeking. A financial modeling professional who is looking for a job needs to understand effective self-marketing. Here are a few way to self-market your financial modeling professional skills and work toward getting your next job as a financial modeling professional.

Website – A popular way to market yourself is to develop a personal website. Many financial modeling professionals have personal websites to utilize during their job hunt. It is good to include the personal website address on your resume and business cards. Attaching it to your email signature line is also a good practice.

Email – Job seekers should always take the time to have a professional email address.  When looking for a job, it is best to have an email that is your name at a proven email address like my.name@gmail.com. This is not a good time to use your favorite cartoon character or hobby as your email address.

Social Networking – For today’s job seekers, it is important to be involved in social media. You need to make sure that your Facebook, Twitter and other social media pages are in good shape and professional. You want to use them to promote a positive image of yourself and allow interested employers to see something positive about you.

Forums – Forums on professional websites are an excellent place for you to visit and network with others in your field. It is good to participate in the forums and not just lurk. Starting conversations and asking for advice is good. It is best to be involved and not just try to self-promote. You will want to make sure you read the forum policies to see if you it is allowable for you to advertise that you are looking for a job. Remember to utilize your signature on your posts. This is a good way to lead prospects to your personal website or Facebook page.

5 Tips to a Good Financial Modeling Resume

We all know that it is imperative to have a good resume that is up-to-date and ready to go at a moment’s notice. Whether you are writing your first resume or updating your financial modeling resume, here are some good tips to follow.

Use a good font. Your resume is not the time to experiment with the newest, fancy font. Be sure to use a standard professional font like Ariel, Courier New, or Times New Roman. Be consistent throughout your resume and use a readable pitch like 10 or 12.

Use a standard template. Research what common templates are used in financial modeling and be consistent. There is something to be said for standing out from the crowd; however, you still want to maintain a professional look. In addition, a template will ensure you have not missed vital information.

Have a legible format. The format of your resume should also be professional. Using a template can usually help you find a good format. You can also choose a format that emphasizes the experience and education you wish to highlight.

Know the keywords. It is good to get to know the keywords that are important in financial modeling. You will want to use these throughout your resume, especially if you are applying for a position with a large company. Large companies typically use programs to filter resumes based on predetermined keywords.

Supply accurate contact information. Probably one of the most important parts of your resume is the contact information. If you don’t supply good contact info then a potential employer cannot get a hold of you if they are interested. Make sure you give your name, address, the phone number that you prefer, and a good email at least.  If you have a personal marketing website, you should include that as well.

3 Books Every Financial Modeling Job Seeker Should Read

Looking for a new job can be a scary yet exciting process. You want to be as prepared as you can for the process. In addition to preparing your resume and networking, you can make sure you are as informed as you can about the job seeking process.  This means you will want to read up on tips of the trade to be sure you are sharp throughout the process. Here is a suggestion of three books that may help you prepare as you start your job search.

Resume Magic: Trade Secrets of a Professional Resume Writer by Susan Britton Whitcomb. If you are in need of a resume make over or need some tips to improve your resume, this is a great reference to read. With many useful resources from a professional resume writer, you will gain insight on how to follow protocol yet personalize your resume as well as hints on how to include just what the companies are looking for as they read your resume.

Me 2.0: Build a Powerful Brand to Achieve Career Success by Dan Schwabel. This book gives you steps to create, communicate, and keep up-to-date your personal brand. It includes resources on how to effectively market yourself through a personal brand including blogging and social media. The book includes sample templates and discussion of the importance and benefits of establishing a personal brand.

Fearless Interviewing: How to Win the Job by Communicating with Confidence by Marky Stein. This book on interviewing presents a strategy to help you get over interview anxiety and control your interview. With hints on how to captivate your audience, handle tough interview questions, and negotiate a higher salary, this book can help you ace that next job interview.

How to Grow Your Job Search in Financial Modeling

If you are trying to grow your job search possibilities in the field of financial modeling, there are few things you can do to help yourself. Following a few of these tips can send you on your way to a more powerful and successful job search.

  • Network – The number one way to grow your job search is to network. Network all the time. Join a professional organization, attend meetings and conferences within your field or even take a continuing education course to meet new people and network.
  • Prepare a pitch – Build a 30-second self-promotion pitch and have it down cold.  Be prepared to go into it quickly and naturally. Some call it an “elevator speech” as you should be able to tell it to someone you meet in the elevator as you ride to the next floor.  No matter what you call it, it is a great way to be prepared should you meet someone that may be able to help you in your job search.
  • Use Your Social Network – Today’s networking isn’t just done at an annual convention.  Today, in order to effectively network in financial modeling, you need to build your social network.  Building an online presence and using it to network is a great way to grow your job search. Have a Twitter account and tweet about your interests and what kind of job you are looking for. Post on Facebook your skills and that you are searching for a job. Establish a professional profile on LinkedIn and virtual network with other professionals in the field of financial modeling.
  • Business Cards – Whether you are employed currently or not, to effectively grow your job search, you need a business card. Have some business cards made up with your current contact information. You can even establish a tag line to include on your cards to make yourself more memorable.  And don’t forget — never leave the back blank. Whenever you hand out a business card, make sure you fill out something on the back of the card to help the receiver remember you.

Social Media and Your Financial Modeling Job

If you are in the market for a job in the financial modeling field, you will want to take a minute to consider your social media accounts before you send out that first resume. It is important to remember that anyone that is considering hiring you will check the internet about you including your social media accounts. With companies continuing to get numerous applicants for each job opening advertisement, companies will use all measures to make sure they are considering the very best candidates.

Therefore, before you send out your first job application, make sure you check what your social media accounts are saying about you. See what companies will be seeing about you when they peek at your online presence. Though you may think you are protected by your social media account security settings, is what is on your social media pages something you want a potential employer to see?

Even though a company should technically not use any information they may learn about you on a social media page, it does not mean that they won’t, so be sure you are happy with what information you are putting out there. It is important to remember that social media has become a big part of everyday life and can say a great deal about a person.  If you are looking for a job, ensure that you are displaying the best possible image; it can be vital in your finding your next financial modeling job.

Advantages of Attending a Financial Modeling Conference

There are many advantages to attending a financial modeling conference.  If you are considering attending a conference within your career field, or the field you are considering beginning a career in, you will want to think about these advantages when making your decision as to whether you will want to attend.

Helps You Stay Up on the Latest Within the Field – A great advantages of attending a financial modeling conference is that you will find it helps you stay abreast of what is important or what is changing in your field.  You will find out about new technologies, topics that are important to others in the financial modeling field and any news that your field may find important.

Gives You Something to Put on Your Resume – No matter whether you are just getting started in the field of financial modeling or you have been working in the field for many years, it is always helpful to have new items to put on your resume. Attending a conference may give you the opportunity to learn a new skill or technology within the field or take a class that can help you advance in your field.

A Great Networking Opportunity – One of the biggest advantages of attending a financial modeling conference is the networking opportunity it provides. If you are new to the field of financial modeling or trying to get started in the field, a conference is a great way to make connections and maybe even get an interview. Once you are working in the field of financial modeling, it is always helpful for you to make professional connections. You never know when these connections will come in handy.

4 Reasons You Haven’t Gotten That Financial Modeling Promotion

If you have been hoping for a promotion for a while and are wondering why you keep getting passed over, you may want to look at what you are NOT doing instead of just what you ARE. Sometimes you can seem to do everything right but it is the things you are NOT doing that are getting the attention of your superiors.

1-     You are too focused on you and not enough company-focused. One big reason employees are passed over for promotion is the perception that they are too concerned about themselves and not interested enough in the company.  Take your focus off you and become more company focused and you may see a change in attitude from upper management

2-     You are not hanging out with the right crowd. Just like school, hanging out with the right people can help you become more popular – with the boss that is.  Make sure you are networking with the right people at work; be seen with those that are top performing financial modeling employees. Hanging out with the top performers will help others see you as a top performer. Even if you are already a top performer, hanging out with those that management considers under-achievers can get you a bad reputation.

3-     You are too comfortable in your daily J-O-B. If you are just going to work, doing your tasks, and punching out then it is likely obvious why you are getting passed over. If you are too comfortable with your job and you aren’t searching for tasks that challenge you and bring you out of your comfort zone then you will likely not be considered someone that is ready for a promotion. Seek out some challenging projects, spearhead a team, or organize an event. These will all look good to management next time they are considering you for a promotion.

4-     You aren’t giving your supervisor your support. Supporting your immediate supervisor and your upper management can be critical to landing your next promotion. If you are not supporting them in their decisions, projects, and deadlines you may not be seen as a team player and therefore would not be a good fit for that next promotion.

Using LinkedIn to find your Next Financial Modeling Job

We all know that networking is the key to finding most jobs.  In today’s market, networking includes social media.  Whether you are looking for your first financial modeling job or just looking to make a move within your field, utilizing LinkedIn can be an excellent way to make your job search known.

In case you do not know, LinkedIn at www.linkedin.com is a professional networking website that allows you to link with friends, colleagues and professionals to share personal and professional information. It is fast becoming a top networking website.  Allowing many job seekers to find jobs by connecting with companies and professionals that are seeking particular skills, LinkedIn is a popular site for job seekers.

You can search for a company you are interested in working for and see if you know someone on LinkedIn that is associated with that company. If not, you may have a friend or colleague who is on LinkedIn that knows someone at the company in which you are interested. LinkedIn also has premium paid services for job seekers that allows you to pay a monthly price that will get you noticed, let you see who is viewing your profile, and even contact people within a profession or with a company that you are not already linked with.

For the serious financial modeling job seeker, LinkedIn is an avenue that should not be ignored. Since networking is the key to getting a job, it is important to utilize every networking medium available.  In a competitive job market, it is important to connect with professionals in your field.  Connecting through LinkedIn could have you on your way to finding that next financial modeling job.

Updating Your Facebook Page to Land Your Next Financial Modeling Job

If you are hoping to find a new job in the field of financial modeling, then it may be time to do a little Facebook update to prepare for your job search.  With over 80 percent of companies using social media as part of their hiring process, you definitely need to be aware of what you are putting out into the social media network prior to your job search.

First, though most of us use Facebook to show off our cute kids or adorable pets, it is important to remember that if you plan to network in search of a job you should network YOU and not Rover.  Therefore, update your photo to a professional headshot of yourself, not you with your two years olds birthday cake in your hair but you, looking like a financial modeling professional.

Next, update your privacy settings and monitor it regularly. Change your settings to limit public access to your picture and bio only, maybe a contact email address. Limit the viewing of your family photos and status updates to Friends Only.

Lastly, update your bio to include information on your skills, education, and experience.  Ensure that you let people know you are job searching and utilize appropriate financial modeling keywords that might be used to search Facebook for job candidates. If you update your status to include you are job searching, you never know what friend might forward your name to a company or colleague that might be interested in you. Make certain that you can be found easily, have an updated bio with the important information easy to read, and a way to contact you that is visible.

Social media is everywhere and it can be your friend or foe in today’s job market. Make sure you use it to work for you and help you find the next financial modeling job you are searching for.

Tips for a Great Cover Letter as a Financial Modeling Professional

Your resume’s cover letter is an important part of your  job application.  Whether this is your first job or you have been in the game for a long time, showing off your talents and skills in the best way possible is a great way to get the attention of the hiring personnel.  This means you will need a stellar cover letter.  These tips can help you write the best cover letter to help you land that financial modeling job.

– Be concise – It is important to highlight your skills and education and not weight down the cover letter with extransious information. Make your point and move on.

– Be personable – Do not be too generic in your cover letter. Be personable. Address the cover letter properly and do your research to ensure you are sending it to the correct individual.  Show a little of your personality in the letter without being too informal.

– Stand out – Though you don’t want to spray perfume on your cover letter or use a purple ink to sign your name, there are ways to make yourself stand out from the crowd.  One of the best ways is to show you know the job you are applying for or what a financial modeling professional needs to know about that company.

– Follow up – Make certain you follow up any submission for a financial modeling job with a call and/or email.  Doing so will show that you are committed, interested, and professional.

Following these simple tips for your cover letter and resume submission can help ensure you are sending a cover letter that will attract the attention of those that are hiring and hopefully have you on your way to an interview.

Getting the Salary You Want as a Financial Modeling Professional

As a financial modeling professional, whether you are starting out in the field or moving up, getting the salary you want out of your job is important.  In fact, it is probably safe to say you don’t go to work just because you don’t have anything better to do.  You go so you can earn a paycheck. So getting the salary you want should be a priority.

When you are out looking for your next job as a financial modeling professional, you will want to keep a few things in mind in order to get the salary you are looking for.  First, take the highest offer, unless of course you have figured out it isn’t the place you want to work.  This way you have more room for negotiations.

Next, know where you are willing to compromise and where you are not.  That may mean you need to figure this out ahead of time.  For instance, are you willing to accept vacation and other benefits in place of additional salary? Once you know where your priorities are, stick to them.

Lastly, meet the person that is doing the hiring and negotiations in person. It is much more difficult to say no to someone in person than if you are negotiating via email or on the phone.  Be professional and polite and non-confrontational.  Express your interest in the job and your qualifications and enthusiasm but make your points and be clear about them.  You will be more respected in the end.

3 Tips for Getting Financial Modeling Experience

When you are looking for a financial modeling job, it can sometimes be frustrating to hear that you need experience but since you are new to the field of financial modeling you don’t have any experience yet. How do you get experience in the field if you are new to the field and no one will hire you without experience? Almost every job seeker has come across this Catch 22 situation.

If you are in need of some experience for your next financial modeling interview, or to include on your resume, you may want to consider these options.

  • Volunteer for a not-for-profit organization.  Many organizations will love to have the assistance of a knowledgeable, educated person, such as yourself, working for them for free and it will look great on your resume.
  • Work as an intern at a financial modeling company.  This will help you get valuable and relevant experience to include on your resume and talk about in your interview.
  • Get or highlight experience that is similar to that of an individual who works in the financial modeling field.  This means that you may have to be a little more creative but you can still spin the experience in an interview or on a resume appropriately to reflect a skill that a potential company is looking for.

There are many ways to gain experience in the financial modeling field.  You may just have to be a little creative or work a little harder to get it in the beginning.  But, in the end, it will all be worth it when you are finally offered the job you have been hoping for.

3 Things Not to Do in Your Financial Modeling Interview

Interviewing can be stressful. If you are interviewing for a financial modeling job, prepare yourself and avoid these common mistakes and you will find yourself in a much better position to get a job in today’s competitive job market.

  • Keep things professional – from the way you dress to what you say. Remember it is an interview. No matter how qualified you are it needs to be kept professional.  Dress professionally, do not chew gum, and do not bad talk your previous boss or your spouse.
  • Put the phone away – and if you are innately tempted to check your phone every time it buzzes, leave it at home to avoid temptation.  Answering your phone, texting or even checking your phone is extremely unprofessional.
  • Listen and answer the question – it is important to listen to what the interviewer is asking and make sure you honestly and completely answer the question. Not answering directly makes you appear disinterested. And be honest. You do not want an exaggeration to cost you the job.

Advantages of Using a Headhunter to Find Your Next Financial Modeling Job

It is a tough job market out there; therefore, it is important to use all the tools available to you to search for your next job can be important.  You may want to consider using a headhunter. Otherwise known as a recruiter or an employment agency, using a headhunter definitely has its advantages in helping you find your next financial modeling job.

Some of the advantages of using a headhunter to find your next financial modeling job include:

–        You are represented by someone that has all day every day to look for opportunities in your chosen field.

–        You may seem more qualified and professional if a recruiter represents you.

–        You have someone vet the opportunity or handle negotiations if you are offered the job.

–        It is a great way to get your resume out to many companies at the same time.

–        Many employment agencies or headhunter have the inside track to jobs that are not even available to the public so you will have wider exposure to job opportunities.

If you do decide to use an employment agency or headhunter, make sure you do your research and use a reputable one – preferably one that is paid by the company doing the hiring. Using a reputable agency will not cost you anything while having them look for job opportunities for you.  Be upfront and honest with the company, especially if you are also using other means to job search. In the end, it is best to do whatever you can to get your name out there to as many opportunities as possible so you have the best chance of landing your next great financial modeling job.

3 Things Every Financial Modeling Job Seeker Should Have

As a job seeker in today’s competitive market, you should have a few things before heading out in search of a new financial modeling job. Following these three tips can help you in getting your new job.

1-     Business cards – It is important to have business cards available to pass out anytime. Have them on you at all times. You never know when an opportunity will present itself. If you are not presently employed as a financial modeling professional, having a card simply with your contact information is just as effective.

2-     Professional resume – Having a professional resume reflecting your financial modeling experience, skills, and education is important. Make sure it is up-to-date and shows your most recent and valuable financial modeling skills. Having an updated resume ready to go at all times is important.

3-     Social media pages – In today’s job hunt, having your social media pages updated and appropriate is important to your job search.  Be certain you have a good, professional profile picture and keep content clean and professional, even when personal.

BusinessTraining.com CEO Richard Wilson Signs With Dicks + Nanton Celebrity Branding Agency

Nick Nanton, Esq. and JW Dicks, Esq., personal branding experts and co-founders of Dicks + Nanton Celebrity Branding Agency, have recently signed nationally recognized marketing expert Richard Wilson. Orlando, Fla. – CEO of G.T.C. Institute, LLC, Richard C. Wilson, has signed with the Dicks + Nanton Celebrity Branding Agency. Co-founders of the Dicks + Nanton Celebrity Branding Agency and best-selling authors, Nick Nanton, Esq., The Top Agent to Celebrity Experts, and JW Dicks, Esq.,  America’s Foremost Expert on Personal Branding for Business Development, will be working with Mr. Wilson to expand the G.T.C. Institute, LLC brand and BusinessTraining.com platform.

In a recent interview recorded for the Brian Tracy T.V. show Richard was quoted on saying, “We live in a knowledge based economy. Knowledge is literally an asset that individuals and companies need to be constantly building. Those companies which can more quickly gather, organize, and extend their knowledge assets will win in this economy, and this becomes truer every day.” Numerous studies have shown that training both increases the efficiency of employees and is valued as an employee benefit. If two businesses are competing against each other and everything else is held equal then the company who re-invested in a sales certification or business management certification for their entire workforce will have an effectiveness edge over their competition while also lowering their employee turnover.

BusinessTraining.com helps companies dramatically improve their effectiveness and profitability while lowering their employee turnover by providing enterprise wide training solutions for teams of employees. The programs offered on BusinessTraining.com cover 23 niche subjects including training in sales, business management, project management, financial analysis, customer service, international business, and many more areas. The G.T.C. Institute has now had well over 3,000 participants complete their programs and have served whole business divisions at Fortune 500 companies along with small and medium size businesses and individuals looking to re-invest in their own careers.

The BusinessTraining.com programs which are currently offered and will be helped by this new branding effort include: Certified Sales Specialist (CSS), Certified Business Management Specialist (CBMS), Certified Project Management Specialist (CPMS), Financial Analysis Specialist Certification (FASC), Certified International Business Specialist (CIBS), Customer Service Manager Certificate (CSMC), Certified Supply Chain Management Specialist (CSCMS), Certified Purchasing Management Expert (CPME), Certified Copywriting Specialist (CCS), Certified Public Relations Specialist (CPRS), Certified Business Development Specialist (CBDS), Certified Internet Marketing Specialist (CIMS), Certified Financial Modeling Specialist (CFMS), Certified Private Equity Professional (CPEP), Certified Hedge Fund Professional (CHP), Certified Investment Banking Associate (CIBA), Certified Recruiting Specialist (CRS), Certified Associate in Human Resources (CAHR), Certified Business Broker (CBB), Certified Strategic Event Specialist (SES), Certified Business Analysis Specialist (CBAS), Certified Business Coaching Specialist (BCS), Certified Business Consultant (CBC) For more information, please visit www.BusinessTraining.com.

About G.T.C. Institute, LLC and BusinessTraining.com

The Global Training & Certification Institute or G.T.C. Institute, LLC helps companies drastically improve their effectiveness and profitability while lowering employee turnover. The G.T.C. Institute is a diversified global training and certification company which is best known for operating the BusinessTraining.com platform. The G.T.C. Institute has recorded over 1,350 instructional video modules for its various programs and has conducted over 300 expert audio interviews with famous authors, consultants, Ivy League professors, and niche industry experts. The objective of the G.T.C. Institute is to provide the most practical, challenging, and globally relevant training programs possibly. The G.T.C. Institute operates both BusinessTraining.com and numerous other blogs and websites on project management training, purchasing management, supply chain management, CEO training, finance training, sales careers, investment banking training, business analysis, and more. Richard C. Wilson is a bestselling author, and global speaker having been hired over 50 times for conference speeches, conference chairmanships, and full day workshops in Singapore, Moscow, Brussels, Sao Paulo, Zurich, Lichtenstein, Monaco, Grand Cayman Islands, and many other locations. Richard’s background includes risk management consulting and capital raising in the hedge fund industry working with many publicly traded Fortune 500 clients. Mr. Wilson has written 7 books including “Speed of Implementation,” “The Marketer’s Bible,” and the bestselling “The Hedge Fund Book: A Training Manual For Capital Raising Executives.”

About The Dicks + Nanton Celebrity Branding® Agency

The Dicks + Nanton Celebrity Branding® Agency is a multi-media, marketing, PR and branding agency dedicated to Celebrity Branding® entrepreneurs and professionals as experts in their fields of business. Founders, JW Dicks, Esq. & Nick Nanton, Esq., focus on helping their clients make more money with creative business strategies. Lindsay Dicks focuses on business building through the online marketing and social media and Greg Rollett focuses on driving traffic and converting it into new business revenue. Nick, Jack, Lindsay and Greg represent more than 1000 entrepreneurs, experts, professionals, authors and speakers in more than 20 countries around the world to help them grow their businesses exponentially both online and offline through the use of their proprietary systems for Media, Marketing and PR…Guaranteed.

Social Media and Your Financial Modeling Job

If you are in the market for a job in the financial modeling field, you will want to take a minute to consider your social media accounts before you send out any resumes. It is important to remember that it is likely that anyone that is considering hiring you will check the internet about you including your social media accounts. With companies continuing to get numerous applicants for each job opening advertisement, companies will use all measures to make sure they are considering the very best candidates.

Therefore, before you send out your first job application, make sure you check what your social media accounts are saying about you. Check and see what companies will be seeing about you. Though you may think you are protected by your social media account security settings, is what is on your social media pages something you want a potential employer to see?

Even though a company should technically not use any information they may learn about you on a social media page, it does not mean that they won’t so be sure you are happy with what information you are putting out there. It is important to remember that social media has become a big part of everyday life and can say a great deal about a person.  If you are looking for a job, ensuring that you are displaying the best possible image can be vital in your finding your next financial modeling job.

Preparing Yourself for an Entry Level Job in Financial Modeling

If you are new to the field of financial modeling, finding an entry level job can have its challenges. When looking for an entry level job within your field, it is important to do a few key things to ensure you are marketable for an entry level job.

First, ensure that you have some experience on your resume. This can be difficult when you are looking for an entry level job in a field that you have not worked in before; however, you can be creative.  Find a volunteer opportunity or club that will allow you to gain some experience. In addition, you can find parts of a financial modeling job that you may have done while working in another capacity. Highlight these skills on your resume.

Next, associate yourself with other professionals in the field of financial modeling.  This will help you find out about job opportunities as well as establish a network of professionals and colleagues to help you as you begin working in your field.

Lastly, don’t be afraid to get some additional training or education.  You do not have to enroll in a Master’s degree program to gain some educational benefit. Find seminars, one-day training workshops, online certification programs, or even just take one or two courses in your field at a community college.  Any additional education will only benefit your job application.

Taking a few steps to make yourself marketable in your field is a great way to ensure that you are ready for any job opportunity that presents itself.  Making yourself marketable is the best way to land yourself that entry level position in financial modeling.

What to Do When You Don’t Get the Financial Modeling Job

As you apply for jobs in the financial modeling field, it is inevitable that you may eventually get a rejection letter.  However, rejection is part of the job application process and can be an excellent way for you to learn from your mistakes and become a better applicant and even a better employee.

Once you have been rejected, and you have gotten over the initial explosion of emotions you will likely feel from being rejected, it is good to make some notes about the job and the interview and see what you can learn from it.  You can always learn something from any interview experience.

If you know of anything you did or said in particular that may have led you to the rejection, it is good to note that.  However, most often you will simply be told that there was a more qualified candidate that was hired.  This being said, do not take it personally; there is only one job for a sea of applicants. Be professional in the acceptance of your rejection.  It is advisable to write a professional thank you note to the employer thanking them for the time they gave you. You may even want to express your continued interest as long as it is done briefly and professionally.

Then get back out there.  Send some more applications and resumes out as soon as you can.  This is a good way to get back on the horse, so to say, and apply the ideas and principles you noted to improve on in your next financial modeling job interview.

Staying Focused on an Important Financial Modeling Project

As a financial modeling professional, you will have many times when you have a deadline that must be met or a task that suddenly becomes a top priority for you.  When this happens, knowing how to keep yourself focused on the task at hand is imperative to job success.

Here are some tips to get focused and stay focused on any task or project you must get through immediately:

  • Schedule time to work on the task – clear your schedule, cancel unimportant meetings, and schedule breaks and other tasks that need to be completed
  • Minimize interruptions – turn off ringers on phones during scheduled work time, turn off the Internet, including email, if you do not need it directly for the project, hang up a sign indicating when you will be available for appointments and conversation so others know you are working during your schedule time
  • Work in small bursts – schedule 15-30 minutes on a particular aspect of the project or task and then schedule a break or work on another task such as checking email or returning a call for another specific amount of time before returning to the next part of the project or task
  • Prioritize tasks involved in the project – breaking down the task or project and then working on sections is the best way to get through it quickly and efficiently
  • Get up and stretch – getting up from your desk and out of your office will give you a minute to clear your head and take a break before you have to refocus on the task again

Following a few of these tips can get you focused and working efficiently on any task.  Learning to utilize these time management skills can be instrumental in your success as a financial modeling professional.

How to Begin Your Financial Modeling Career

Whether you have always wanted to be a financial modeling professional or have determined that switching careers is in your future, it can be difficult to know exactly where to begin your financial modeling career.  But following a few hints on how to find jobs and how to market yourself can make the process much easier.

First, you will want to determine what companies and industries employ financial modeling professionals.  This can be an excellent way for you to figure out where you might be interested in working and a good place to search for job opportunities.  You can then know where you might be able to find some job openings you are interested in.

Next, you will want to make sure that you are marketing yourself correctly.  This means that you will want to write your resume with the right emphasis and inclusion of appropriate training and education.  It also means including in your cover letter or introductory email the type of position you are looking for and how you are qualified for that position.

Lastly, you will want to network.  In today’s market, networking can make or break your chances at getting into financial modeling. During a competitive job market, knowing the right people and hearing about job openings before they are posted is the best way to break into the industry and find the job you are looking for.

Getting an Entry Level Position as a Financial Modeling Professional

If you are starting out in the field of financial modeling, you will likely be searching for an entry level position.  This can be a challenge at times; however, if you know where to look and talk with the right people you will likely be able to find an entry level position within your field in no time.

Looking for an entry level position can be challenging and highly competitive so you will want to market yourself well and ensure you have emphasized your experience and education.  But make sure you are indicating experience and education that is appropriate to the entry level job you are hoping to get.  This means you may have to be creative in how you show experience, especially if this will be your first job in financial modeling.

Some common ways to find entry level jobs in your field is to look at job postings, talk with temporary employment firms, or even call around to companies and see what they have to offer.  However, the best way to find an entry level financial modeling job is to get the word out that you are looking for an entry level job in financial modeling. Networking is imperative in today’s job market and can be the best way to get your foot in the door of any industry.

Finding Open Jobs in the Financial Modeling Industry

If you are looking for a financial modeling job, finding a job opening can be a challenge at times.  In today’s competitive job market, a job seeker must be creative and determined in order to find and land a job in the financial modeling industry.

Here are some tips for locating open jobs in the financial modeling field:

  • Call local companies that employ financial modeling professionals and tell them you are available
  • Use social media to advertise your expertise, education and availability
  • Tell your friends you are looking for a job
  • Join a professional organization where you can meet others in financial modeling
  • Browse online job advertising sites
  • Contact employment agencies or even work a temporary or part time job in the field to gain experience

Following one or several of these tips could have you on the way to a new job in financial modeling more quickly. In addition, you may be able to gain some experience that you can then put on your resume which will only increase your chances of landing that next job.

What Not to List on Your Financial Modeling Resume

When writing your resume, there are many items you need to include.  However, there are just as many that you need to omit.  When applying for a financial modeling job, you will want to make sure your resume is professional and up-to-date as well as free of extraneous information.  Making certain you do not include the following can help you clean up your resume and have it ready for that next big job application.

Here are a few things not to include on your resume:

  • work history that has nothing to do with the job you are applying for. The fact that you worked cutting grass when you were 16 will likely have little to do with landing a financial modeling job.
  • hobbies that do not have anything to do with financial modeling.  You may have won a prize for your cake decorating but it probably hasn’t developed any skills pertinent to the job you are applying for.
  • memberships to clubs and associations that are not related to financial modeling. Belonging to the NRA is fine but it has nothing to do with financial modeling and should not be on your resume.
  • personal information. Resumes should not include personal information such as your physical description, religious affiliation, or number of dependents.  Your potential employer cannot ask this information and cannot base hiring on it either so there is no need for this information to be on your resume.

There’s More to Your Financial Modeling Interview Than Questions

When preparing for your financial modeling interview, it is easy to focus on preparing for particular common interview questions and forget that there is more to the interview than just answering questions.

One of the most important aspects of any job interview is listening.  As you interview for your next financial modeling job, you should remind yourself to not jump in on answering the questions without listening to the question and what the interviewer is truly asking.

Though the interviewer may ask a common interview question in the interview, they may ask a second part to the question or ask the question in a different way. Make certain you listen to the question and all parts, stop for a moment and prepare your answer in your mind, and then answer the question thoroughly and intelligently.

Acing Your Financial Modeling Phone Interview

In today’s job market, it is more common than ever to be asked to complete a phone interview.  Whether you are searching for your first financial modeling job, or looking for your next career step, you will want to be prepared for the possibility of a phone interview.  As a financial modeling job candidate, being prepared for a phone interview is an important part of your job search.

Though it is an interview, a phone interview must be approached in the right way in order to be successful.  In addition to preparing for the interview as you would any other interview, you need to keep a few things in mind if asked to participate in a phone interview.  Following these tips will make your phone interview a success.

  • Be on Time.  This means that if you are to call at a specific time or told you will be called by the interviewer during a particular time window, you need to be ready to make or receive the call and don’t be late. If you are the one to make the call, do not be too early.  A few minutes before the time is acceptable but you do not want to sit on hold any more than the interviewer wants to look at a blinking hold light on their phone.
  • Have Your Notes Ready.  One of the advantages of the phone interview is that you can have your notes in front of you to help you stay on track, give you key words to answer questions, or have a list of ready to go questions when you are asked if you have any questions.  Take advantage of this aspect of phone interviews and have your notes ready and legible.
  • Keep Background Noise to a Minimum.  Remember, you are on the phone and background noise can be distracting to the interviewer.  This is especially true if you plan to use a cellular phone, as cell phones tend to pick up every noise in the background.  Be sure to be in a quiet place, turn off televisions and radios, and keep family members out of the room during your interview.
  • Dress Up and Don’t Slouch.  Though you may be tempted to interview in your pajamas while lying on the couch, this can be a bad decision on your part.  You will feel more confident and therefore project that confidence and professionalism if you are dressed and sitting up straight or standing during the interview.  Don’t let something as petty as assuming a couch potato stance be the reason you don’t get a second interview.

Following these tips help you prepare for your phone interview and get you through it with flying colors.  Being prepared for any type of interview will help you feel confident and possibly help you land that next financial modeling job.

How a Designation Can Help You as a Financial Modeling Professional

Having a designation in your field of financial modeling may not seem important at times.  But there are many advantages to having a designation or obtaining additional education in your field that you may not realize.

One of the biggest benefits to obtaining a designation in the field of financial modeling is that you can keep your skills fresh.  Keeping your financial modeling skills fresh and up-to-date is important, especially if you hope to be promoted within your company or look for a job in the future.

Obtaining a designation in your field will also help distinguish yourself from others when applying for other jobs or looking for a promotion within your company.  Having a designation can be a great way to make certain that your resume is noticed when many applicants have similar experience and education.

Having a designation is also a great way to network.  There may be clubs or online communities for those that have your designation or are obtaining the designation.  This can be a great way to make professional connection and even find job leads.

Asking for a Reference When Applying for a Financial Modeling Job

When you are starting the job search one of the things you will need to consider is who to use for references or ask to write recommendations for you.  Asking the right people to write you a recommendation is an important part of your financial modeling job search.  You want to make certain you are asking the right questions to ensure you will be getting a great recommendation.

First, try and decide who would make a good reference for you.  You will want personal as well as work references.  You will want to have people who have known you a long time as well as recent supervisors or colleagues that can talk about your current work ethic and responsibilities.

Next, call and personally ask your potential reference if they feel comfortable writing you a recommendation.  This is important as you want to make sure you are not asking someone that doesn’t feel they will write you a good recommendation.  A good way to ask a potential reference is to say “Do you feel comfortable with your knowledge of my work to write a good recommendation for me?”  This gives the person a way to politely say no if they feel they would not be able to write a good recommendation for you.

Lastly, you will want to make sure you have gotten your references in line before you get into the thick of the job search process.  You don’t want to be scrambling to get references at the last minute.  It looks much more professional if you already have recommendation letters available or have names and contact information ready if you are asked to supply references in an interview.

3 Things a Financial Modeling Professional Can Do to Make a Commute More Productive

Commuting times can seem like a waste of time.  However, if you learn to use your commute time effectively, you will find that you can be a more productive financial modeling professional once you arrive at your work, no matter how long your commute time is.

1-     Invest in a Voice Recorder.  A voice recorder can be an excellent way to utilize your commute time to organize your thoughts, make to-do lists, or even get started on correspondence.  Having your voice recorder ready as you commute gives you the opportunity to get a jump start on your day while commuting to work, helping you be ready and prepared for your day.

2-     Borrow Audio Books from the Library.  Another great way to use your commuting time is to keep your brain working and keeping yourself up on the latest trends and suggestions for the financial modeling professional.  Borrow self-help library audio books or books specific to your field from the library.  This is a great way to use your time to better yourself.

3-     Make Your Cell Phone Hands-Free.  Making certain you can utilize your cellular phone hands-free is a great way to safely and productively use your cell phone during your commuting time.  Every financial modeling professional has calls to return or make and maximizing your time by returning a call or two on your drive can be a great way to get a few things checked off your to-do list.

Tips for Negotiating Your Financial Modeling Salary

Once you have gotten the financial modeling job, you work is not over.  Now is the time to make certain you negotiate the salary and benefits you desire and do it smartly.

#1 – Ask for more than you ultimately want.  It is good to start salary negotiations at a higher number than what you are willing to do the job for.  A good point is to ask for 10% to 20% more than your baseline desired salary.

#2 – Don’t Undersell Yourself. Yes, you want that financial modeling job but asking for a salary that is too low can make you appear less professional and possibly desperate.  This is not a good image to start with.  Do your research to ensure you are asking for an appropriate salary.

#3 – Remember the Value of Benefits.  If the job you have sought has a base salary below what you are interested in, you may be able to make up the difference.  Many companies offer benefits to subsidize salaries.  Consider the cost of health care benefits, gym membership, child care costs and even mileage reimbursements and car allowances.  Remember – there are more benefits available than just vacation day.  Don’t be afraid to negotiate with benefits.

The Importance of the Team to a Financial Modeling Professional

As a financial modeling professional, you will be called upon to form a team or work on teams throughout your career.  Working with a team can be critical to the success of some projects and tasks.  Knowing how to have a team player attitude can be vital to your professional success.

First it is important to understand the value of a team.  Working as a team has several advantages.

  • A large pool of experience to pull from
  • An open forum for brainstorming and development
  • A place to openly try out ideas to see how they work

Next, decide the goal of the team and pick appropriate team members.

  • Get a diverse group to bring a large variety of ideas to the table
  • Bring new members in to keep the ideas fresh
  • Develop clear objective for the team

Lastly, use the team to accomplish the goals.  Having teams in place and utilizing them appropriately can be an asset to you as a financial modeling professional and can be a great way to work professionally and effectively.

Financial Modeling Interview Follow Up Email

Once you have completed your interview you will want to follow up the interview with a thank you letter or email.  Today, email is the most common way to follow up your financial modeling interview.

First, make sure you send a thank you note or email to the interviewer within 48 hours or 2 business days.  Remember, Monday is a crazy day for most financial modeling professionals so, if you interview on Friday, aim for a Tuesday email.

Include in your thank you the key points from the interview.  Be sure to thank him for his time and for giving you the opportunity to interview.  Highlight your important skills and qualifications and close with something professional and positive such as “I look forward to hearing from you.  Thank you again for your time.”

Sending a follow up email keeps you and your qualifications in front of those making the hiring decisions.  It also shows your professionalism.  Don’t down play the importance of the follow up; it could make or break your chance of getting the job.

3 Tips for Better Communication in Financial Modeling

No matter where you are on the corporate ladder, communication is vital to your success.  In financial modeling, learning to be a more effective communicator can be a great way to be more productive and professional in your job. Following these three tips for better communication can help you get started on a path to more effective communication with your coworkers.

#1 – Be Clear and Concise.  Don’t beat around the bush about what you are saying; make your point and your expectation clear and concise.  Ensuring you convey a message exactly the way it is meant is the best way to be certain that you are understood and that communication is effective regarding your topic.

#2 – Listen. Listening to your colleagues or supervisor is the best way to make sure that you understand what they are saying.  Knowing what your supervisor expects or understanding clearly the concerns of your subordinates is best for ensuring that everyone is on the same path toward meeting goals.

#3 – Repeat Yourself.  Whether you repeats yourself verbally or follow up verbal instruction or details with a summary email, repeating yourself and your expectations is the best way for any financial modeling professional to ensure they are understood and that everyone knows the specifics you are communicating.

Following these few tips can have you on your way to be a more effective communicator in no time.  Just remember that the best financial modeling professionals realize that communication is a two-way street and respect the opinions and concerns of everyone they are working with.

Starting Your Day Right as a Financial Modeling Professional

Getting your day off to a good and productive start is the key to being an effective financial modeling professional. There are a few things you can do to help get your day off to the right start.

Arrive on Time. Starting out your day rushed and behind schedule is difficult to recover from. Make sure you arrive early or at least on time to ensure you are stress-free and ready to work.

Plan Your Day. Start your day by forming a clear plan of action. Prioritize your tasks and get a good ‘to do’ list so you can have it for reference throughout the day.

Stay on Track. It is easy to get side-tracked by visitors, phone calls, or email. Limit distraction, schedule breaks, and give yourself set times for internet surfing, checking personal email, and taking care of personal business.
Using these tips can help you get your day off to the best start. This will help you be a professional and productive financial modeling professional.

Questions You Can Ask in Your Financial Modeling Interview

When preparing for an interview, it is important to research the company and know something about them before you go to the interview. In addition, you will want to have some interview questions ready to ask for when you are asked if you have any questions. Having some questions ready makes you appear engaged in the interview and interested in the job.

One type of question that is good to ask is about the financial modeling company itself. For instance, you may want to ask how long they have been in business or something about their top service or product. This shows that you know something about the company and what they do and are interested in the company.

You may also want to ask about growth for the company and for the employees. You can ask if the financial modeling company has grown or sees itself expanding in the near future. You can also ask about whether it is possible to move up in the company. These types of questions show you are interested in the job long term and are hoping to stay with the company if you are hired.

Lastly, asking about the job you are interviewing for is important. You can ask questions such as how many people presently work in the department or what types of project are currently being worked on. Seeming interested in the job at hand is important when doing any financial modeling interview.

Marketing Yourself for Your Next Financial Modeling Promotion

Trying to get where you want to go in a company, especially a big company, can take some strategic career planning.  Sitting on the side lines and doing your job isn’t always all that is necessary to move up the ladder.  A little self-marketing can go a long way in securing your next financial modeling promotion.  Follow some of these tips for self-marketing to help you meet your goals.

Give your boss regular progress reports.  This can be an excellent way to show what you are doing and give your boss something to refer to when thinking about who might be right for the next job.  Regular communication with your boss keeps your performance in front of him or her. Don’t forget to use charts and graphs. They are easy to read and refer to and will look professional.

Make your boss look good too.  Making your boss look good too will make you look good to your boss. This is possible by giving timely and professional communication and reports to your boss as well as meeting or beating deadlines and quotas. A good financial modeling employee will make his or her boss look good and in turn his whole department.

Market yourself to others, not just your boss.  Yes, you may want to continue to work in your financial modeling department or on your team, but that does not mean that you shouldn’t go out and let others know what you are up to and what is going well.  Though you will likely want to keep this to informal self-marketing, there is no reason you cannot talk yourself up to other in you company. You never know who might be listening and what they have to offer.

3 Things You Can Do Today to Prepare for a Promotion in Financial Modeling

In the field of financial modeling, there is always competition for the next promotion or job.  Therefore, if you want to get ahead or are hoping to be considered for the next big promotion, you will want to be prepared ahead of time.

#1 – Dress the Part – If you are hoping for a big promotion or a certain job, you will want to dress for the job you want, not just the job you have.  When you want to be considered for a particular job, you want those that make the hiring decisions to be able to picture you in that job.  Be sure to look the part.

#2 – Get Some Experience – If you don’t’ have the necessary experience for the job you are looking for, find creative ways to gain some experience.  In financial modeling, you can find volunteer work, continuing education, or professional organizations that may allow you to gain some experience that will be helpful for the landing the position you are seeking.  Be creative and you may find it easy to get some great experience for your resume.

#3- Let Them Know You Are Interested – It is important to make sure that you let those that are doing the hiring know you are interested in the job.  Sometimes your boss may not even realize that you are interested in a position if you don’t make it known.  That is not to say that you want to advertise it every day or make every conversation about the job you are interested in but you do want to make sure the important people know you want to be in the running.

4 Ways to Be More Effective as a Financial Modeling Professional

You spend most of your waking hours at your job. There are times when, as a financial modeling professional, you may feel that you are not getting things done during your day.  Being effective at your job is important and finding ways to make your day more productive can be a challenge.  Following these tips can have you on your way to being a more effective financial modeling professional.

1- Limit Daily Distractions – In the age of computers, cell phone, smart phones, and the internet, it can be difficult at times to keep distractions out of your day.  The best way to tackle distractions is to schedule distractors such as personal calls, email and Internet into your daily schedule and not allow yourself to use them during other times.

2- Prioritize Tasks and Organize Your Day – Understanding what you need to accomplish in your day is imperative to prioritizing your tasks and making your way through them.  As a financial modeling professional you will have many daily tasks; making a list of daily, weekly, and even monthly tasks is a great way to make it through your day. Setting time limits for tasks is also a way to get through things and make sure you get to each priority on your list.

3- Use Effective Time Saving Tools – If you have trouble keeping track of your day or tasks, learn to use automated calendars and task managing software to help you get through it.  Investing time in learning to use time saving software or applications can save you time in the long run.  As a financial modeling professional, making the most of your time is an important way to make it through your busy day.

4- Know Yourself and Be Honest – As a financial modeling professional you will have many tasks to complete.  Knowing your strengths and weaknesses is important to being able to schedule tasks properly and prepare for deadlines correctly.  If you know you need assistance with a particular aspect, seek assistance; however, if you know you are really efficient at other portions of your projects, you can schedule those for times in your day or week when you may not have as much free time or be as focused.

3 Things to Do as a Financial Modeling Professional to Refocus

We all have had times when we are so distracted by our thoughts that we couldn’t focus on the task at hand. If you have found yourself in this situation, having some tried and true ways to refocus can be vital.  As a financial modeling professional, there will be times when you need to get the task done immediately and won’t have the luxury of getting back to it when you are mentally ready.  Try these three tricks to refocus yourself on the task and get through what needs to be done when it needs to be done.

First, take a break.  This may sound backwards.  You are on a tight schedule and likely behind schedule and you need to have your task done immediately so taking a break does not seem like a viable option.  However, this is not the case.  In fact, one of the best things you can do is take a break.  Walk away from the task, walk around the building, think about something else, take some deep breathes and then get back to work with a refreshed attitude.

Next, get the blood flowing and the heart pumping.  Especially if you are trying to power through a task in the afternoon or after lunch when your body is in the mood for an afternoon nap, getting up and getting the blood flowing can be helpful.  Get up from your desk, do some toe touches, jumping jacks, or just some deep breathing.  If you have a minute, walk briskly up and down the stairs a few times.  Getting the blood flowing to the brain can wake you up and increase your concentration so you can get back to tackling the task at hand.

Lastly, as a financial modeling professional, you may have so much going on in your day that you cannot clear your mind long enough to concentrate on a single task.  If this is you, it may help to write everything down.  If you feel stuck on a task and can’t get through it. Take a minute and let everything that comes to mind pour out on paper (or tap it out on your computer).  This may help you clear your mind so you can truly focus on the task you are trying to complete.

3 Things Not to Do in Your Financial Modeling Interview

Making sure you are at the top of your interview game is imperative to getting your next financial modeling job.  It is important to know what to do in an interview but it is just as essential to know what NOT to do in an interview.  Keeping these tips in mind may help you make the most of your next job interview.

#1- Don’t Be Late – It is crucial to be on time to any job interview.  If you must be late, be sure to call ahead and let the company know.  You will want to be in the office and ready for your interview prior to the start time.  This way, when the interviewee is ready for you, you are not rushing in the door or out of breath from running up the stairs.

#2 – Don’t Be Distracted – Having a professional appearance and showing you are happy to be there is important.  If you are attentive to the interview questions and answer the questions you are asked in a professional and thorough way, you will certainly show your interest in the financial modeling job.  Make sure you are dressed for the job you want and do not do things like dress too trendy or chew gum during your interview.

#3 – Don’t Exaggerate – You will be asked several questions about your current and past job experiences.  You will likely be asked for examples of when you did something or how you did something. Be sure that you are honest about your experiences.  It is important to remember that your information may be checked up on or you may be asked to implement something you discussed after you have gotten the job so don’t exaggerate or create experiences you have not had.

Getting your next financial modeling job can be right around the corner so make sure that you are ready.  Following these tips and not making some of these common interview mistakes is a great way to be on your way to that job you are hoping for.

Financial and Business Math

The following video is borrowed from our BusinessTraining.com platform and was originally recorded for our Certified Financial Modeling Specialist CFMS) program. In this video, you will learn about the necessary aspects of financial and business math skills.

Financial Model Setup

The following video is borrowed from our BusinessTraining.com platform and was originally recorded for our Certified Financial Modeling Specialist (CFMS) program. In this video, you will learn about setting up financial models.

Projecting the Income Statement

The following video is borrowed from our BusinessTraining.com platform and was originally recorded for our Certified Financial Modeling Specialist (CFMS) program. In this video, you will learn about financial modeling.

What If Analysis

The following video is borrowed from our BusinessTraining.com platform and was originally recorded for our Certified Financial Modeling Specialist (CFMS) program. In this video, you will learn about the what if analysis.

Financial Modeling Overview

The following video is borrowed from our BusinessTraining.com platform and was originally recorded for our Certified Financial Modeling Specialist (CFMS) program. In this video, you will learn about financial modeling.

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