Top skills in Finance for 2023

Get all the key skills to thrive in Finance.

Top skills in Finance for 2023

Get all the key skills to thrive in Finance.

What are the skills in finance?

With the exponential growth in Fintech, new skills such as industry knowledge in blockchain and open banking are required for one to thrive in the industry. There is a wide range of skills from data analytics, project management, to compliance in today’s finance. 

Skills are very broad in finance and they are not as same as years ago.  Following the analysis of 40,000 jobs in Fintech, we created the SHIME framework, a qualitative tool to help individuals identify key skills in finance.

A new Framework: SHIME

The framework is an acronym comprising the five types of skills: soft skills, hard skills, industry knowledge, mindset, and experience

SHIME is about to analyse a wide range of skill sets required in Fintech. It can assist individuals to identify their strengths, but different role requires different SHIME profile.

For example, an engineer in Fintech may need strong programming skills, while a product manager must demonstrate cross-functional collaboration and negotiation abilities.

A good understanding of the required skills is important for the candidates who want to apply, but also those who want to upskill or reskill to be relevant for a world of digital finance.

Top skills in finance for 2023

With the contribution of 100+ CEOs, and professionals in business development, innovation and product management, marketing, data science, etc, we found that while hard skills matter, they only represent one dimension of a skill set in today’s finance.

Some highlights from our research:

  • 80% of the CEOs think critical thinking is the most vital soft skill
  • 70% of the Business Development managers value networking and negotiation as the key soft skills.
  • 60% of the professionals working in innovation view knowledge in open banking and digital assets as increasingly important.
  • More than half of the Fintech product managers think adaptability is one of the priority mindset to have.
  • Two-thirds of the professionals mentioned it’s beneficial to have experience in Fintech startups or Tech companies.

Skills in Finance in 2023

With the top skills in mind, here are all the essential skills in finance per category. Click and see the skills!  

S

Soft skills

  • Written communication
  • Oral communication
  • Presentation skills
  • Empathy
  • Friendliness
  • Motivates others
  • Social Intelligence
  • Networking
  • Knows how to influence
  • Storytelling
  • Cross-functional collaboration
  • Coordination
  • Teamwork
  • Delegation
  • Negotiation
  • Analytical
  • Problem-solving
  • Critical thinking
  • Decision-making
  • Logical reasoning

H

Hard skills

  • Coding (Python, Java, C++, Solidity, PHP)
  • Data structure (i.e SQL)
  • Application of financial technology (i.e API, Cloud, AI) 
  • Web development
  • Prototyping
  • Financial markets
  • Portfolio management
  • Risk management
  • Payment systems
  • Financial regulations
  • CMS such as WordPress
  • HTML / CSS
  • CRM systems
  • Social media tools
  • Digital tools such as Canva, Google Analytics
  • Workflow programmes (Zapier / Airflow etc.)
  • Computer Skills (Office Suite, CRM Systems)
  • Business Development
  • Project management
  • Research
  • Data analysis (R, MySQL)
  • Data visualisation (Tableau)
  • Data cleaning
  • Data-driven decision making
  • Test and learn

I

Industry Knowledge

  • AI
  • Cloud
  • APIs
  • Blockchain
  • Payment infrastructure
  • RegTech
  • Insurtech
  • Wealthtech
  • BNPL
  • Global trends
  • Banking regulations
  • Payment regulations
  • Blockchain regulations
  • Regulatory sandboxes
  • Compliance

M

Mindset

  • Can easily adapt
  • Resilient
  • Perseverant
  • Takes ownership
  • Deligent
  • Reliable
  • Forward thinker
  • Customer-oriented
  • Creative
  • Can work with limited instructions
  • Decides with limited information
  • Comfortable with change

E

Experience

  • Phd
  • Master
  • Bachelor
  • Specialised certification
  • Experience in Tech company
  • Experience in Fintech startups
  • Experience in consulting
  • Experience in regulators
  • Experience in financial services

SHIME Profiles for specific finance roles

Mapping a successful career in Finance...

Read our reports about the new skills and jobs in Finance!

Fintech Job Report

Blockchain Job Report

New Skills in Financial Services Report

Fintech Job Report (illustrated)