How to Build Practical Experience for your Career in Finance

While the unemployment has generally fallen across the UK in recent times, the number of graduates out of work remains disproportionately high.

Much of this has to do with the types of jobs being created by firms, with an emphasis being placed on entry level roles and skilled opportunities at a shortage. This is also reflected by the lack of real wage growth in the UK, while it makes it exceptionally difficult for graduates to source career opportunities in competitive fields such as finance.

So, if you are a fiscal student who is planning for their future, you may want to consider taking steps to optimise your levels of practical experience. For example:


  1. Consider Volunteering


Typically, volunteering is less of an option for aspiring financial graduates, as it does enable them to gain relevant experience due the strict regulations and restrictions placed on firms.

For those with an open mind, however volunteering with a leading financial firm remains an option if you are willing less relevant roles or perform administrative tasks. This still enables you to add a leading brand to your resume, while it clearly identifies you as an individual with a strong work-ethics and a willingness to build long-term relationships with potential employers.

Such attributes can afford you a competitive advantage as a candidate for work, particular when your rivals boast identical skill-sets and accreditations.

  1. Trade the Markets

For those with a more tenacious approach and a greater appetite for the risk, trading the financial market may offer a more suitable option.

If you have spent time learning about the aggregate economy and the role that derivatives such as currency play in influencing inflation and interest rates, for example, there has never been a better time to apply this knowledge practically and drive tangible financial achievements.

With online trading platforms such as Oanda, you can even register for a demo account that allows you to access a simulated, real-time marketplace where you do not have to commit your hard-earned cash. Once you have honed your skills, you can begin to trade for real and list your achievements on your resume for future reference.

  1. Launch a low-cost Start-up

On a final note, why not consider launching a low-cost and manageable start-up? Some courses may even able you to do this as part of your studies, but if not there is nothing preventing you from leverage your newly-acquired skills and knowledge to earn money and build practical experience of the financial market.

The key is to focus on passive-income based ideas and business models that enable you to optimise earnings without compromising on your studies. Low-cost ideas also work best, as they make it possible to launch a venture and build revenue streams as quickly as possible.

You will definitely need a strong work-ethic and good organisational skills to balance managing your start-up with studying, of course, but this will boost your resume while also highlighting your tenacity, creativity and energy as a candidate for work.


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