What Are the Top 5 Skills Needed in Finance in 2024?

    Training providers and associations must offer updated programs and membership aligned with emerging skills to stand out in a crowded market. This factsheet will look at the five most in-demand skills in finance roles, supported by exclusive data from Faethm by Pearson.

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    Financial professionals exploring opportunities for upskilling and professional development

     

    What Are the Top 5 Skills Needed in Finance in 2024?

    Recent years have brought significant changes to the finance industry, fueled by technology, geopolitics, and economic uncertainty. To stay competitive, businesses and individuals must adapt, presenting opportunities for training providers to offer updated programs and prepare a future-ready workforce.

    The Evolving Workforce Landscape

    25 %

    of financial job skills have changed from 2015 to 2022.

    90 %

    of financial executives struggle to find skilled professionals.

    12 % +

    of roles in financial services is now a tech role.

    The Drivers of Landscape Transformation

    Pictogram-RGB-Sky Blue_Web settings

    Digital transformation

    Technologies such as artificial intelligence, machine learning, and advanced analytics have become essential, reshaping roles within the sector.
    Pictogram-RGB-Sky Blue_Speech bubles

    The Need for Soft Skills

    Professionals must now showcase their adaptability, rapid learning capabilities, and flexible mindset towards new opportunities.
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    Shifting Macro Environment

    With evolving macro trends like climate change and geopolitical shifts, predicting the future and acquiring the right skills in the financial sector is increasingly challenging.

    The Top 5 Most Demanded Skills in Finance Roles

     Pictogram-RGB-Lime Green_Social network-98Communication Skills

     

    Pictogram-RGB-Lime Green_Speech bublesVerbal Communication 

     

    Pictogram-RGB-Lime Green_Tablet2Microsoft Excel

     

    Pictogram-RGB-Lime Green_PerformanceAnalytics Skills

     

    Pictogram-RGB-Lime Green-02Budgeting

     

    High demand persists for foundational skills like budgeting and financial reporting, alongside soft skills such as leadership and customer service. Financial professionals must cultivate a balanced skill set, blending technical expertise with human skills to effectively leverage technological advancements and succeed in diverse financial roles.

     

    Complete the form below to download our "2024 Training Industry Skills Outlook - Finance" for additional top skills in finance roles and in-depth sector analysis to refine your training and membership programs.

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