Portfolio Management Software, Technomenclature, B2B… Pardon?
By Megan Clayton
Industry specific jargon can be overwhelming when you don’t quite know what the phrase means. By the time you graduate, you will most likely be so fluent in this new language that even your parents will cease to understand a once simple explanation to the question, “How was your day?”.
But it’s not only the jargon that you will need to worry about. With all the talk about jobless graduates, the pressure really is on in terms of finding a job once you eventually toss your graduation cap into the air. There are other actions that you can take while you are studying, and even before you enroll at a university, which will help you find that dream job once you have completed your studies.
During your student years, it is important to prepare yourself as much as possible for the working world. This includes activities over and above that of your coursework. Making the most of this time will allow you to have an advantage over the other graduates who you will be competing against for the limited amount of available jobs. Whether you are looking to go into the financial services or the tourism sector, there are specifics that you should be aware of that can help to make your transition from university to the working world much smoother.
The most obvious problem that graduates have is that they are unable to transfer their university learning into real world skills. Another huge problem for employers of graduates is that there is a whole host of technologies that the organization uses of which graduates will be unfamiliar with. By bridging the gaps between these issues, graduates will be better prepared to land the perfect job.
Before You Even Begin Studying… Research, Research, Research!
Deciding which university to go to is often time consuming, and it should be! Once you know what you want to study, you need to put some time into finding out the types of courses that different universities offer. Look out for universities offering courses that are contextualized; this will allow you to realize how your coursework applies in the working world by putting the skills you have learned into practice. Other courses that will help you later on are those that introduce you to the different technologies that are commonly used in the industry. Knowing how to utilize industry specific software and platforms will provide you with additional important skills.
Internships, Part-Time Work And Vacation Work Provide Invaluable Experience
During your university education, you should definitely complete some sort of real world work, be that part time, an internship, or a couple of months work over the summer holidays or before you begin studying. The first major benefits will be that you can get an idea of whether you actually enjoy working in that specific industry, as well as being able to get a feel as to what work life will be like once you graduate. You might also decide that you want to complete additional courses in the areas of the industry that interest you.
The most important reason to have completed prior work once you have graduated is that you are able to put it on your résumé. In the highly competitive job market, you need to be able to differentiate yourself from other candidates in as many ways as possible. Work experience tells employers that you are motivated, and that you have some real world experience as to how the industry works.
Another advantage of having previous work experience is that it will give you the opportunity to learn about, and learn how to use industry specific software, technologies and platforms, from portfolio management software to photo editing software. Developing these related skills, as well as knowing about the different technologies available will also give you the edge in an interview.
Develop Your Public Speaking Skills
For many, the thought of conducting a meeting, or presenting the monthly statistics to a boardroom full of shareholders is enough to leave them shaking with fear. Public speaking is a skill so necessary that you would be silly not to develop it as much as possible while you can. Volunteering to present university group projects might seem daunting at the beginning, but after a few presentations you will begin to feel more confident. You will also be able to identify what different aspects of your presenting and speaking skills need working on. At the end of the day, being able to present well in public is all about practicing, and it is another invaluable skill that is transferable in all aspects of your working life.
Although these points may seem obvious to you now, these are the types of things that you will wish you had known before you graduated. Throughout your university career you should always be aware of what other skills you could be developing, and also importantly, to make sure that you make the most of your university education and the knowledge that you can gain. Constantly increasing your skill set will give you the opportunity to impress when looking for your first job.
Megan Clayton works on behalf of StatPro, providers of portfolio analysis and asset valuation services. StatPro provides reporting and analytics services to asset managers worldwide through their portfolio management software solution, portfolio management software solution, Revolution.