Uneza Lakhani – Demand for Financial Skills to Reach New Heights

The global economy is growing at a massive rate, and this can be attributed to digitalization as well as globalization. This has a direct impact on financial institutes and financial professionals. The demand for financial skills is rising, and in 2023, it has reached new heights. The latest trends make it evident. As per Uneza Lakhani, finance skills are required across the domain and are also very useful in personal life. Even if you are a professional in finance, you would still need to upgrade your skillset and stay updated with the market trend. This helps you have a competitive edge in the market. The latest trend in the domain is to have a better skill set when compared to traditional accounting and computation. Uneza Lakhani mentioned that many institutes offer such courses to students and professionals. These courses are tailored as per the current trends, and they are based on real-life case studies. The main question here is which financial skills you should learn to stay on the top. We got a glimpse of the financial future from Uneza Lakhani UAE, and she recommended some skillsets that can be targeted. Find out more about them in the section below. • Financial Fundamental – The first thing that everyone should know are the fundamentals of finance. You must know about the capital market and the money market. You should also know basic accounting principles along with different asset classes. This helps you in multiple ways, as all the other courses are based on these financial fundamentals. • Budgeting & Forecast – Everything in corporate depends on the forecast of the demand and the budgeting exercise. The investment and even the inventory are planned based on these two things. So, Uneza Lakhani recommends learning how the whole budgeting and forecast works. It will enable you to make informed decisions. The skill is useful even if you own a business or are trying to manage your home. • Dashboards & Visualization – You may get a lot of data, but it is useless to higher management. No one has time to go through megabytes of data. This is where the dashboard and data visualization comes into the picture. Uneza Lakhani suggests starting with simple tools like MS Excel. You can then learn data visualization tools like tableau, which will enable you to make dashboards. You can also learn other visualization tools according to the standard in your industry. • Financial Modelling – Another popular skill set, as per Uneza Lakhani Dubai, is financial modelling. She mentioned that financial modelling is being adopted in many firms, which helps the management automate some of the decision-making. You can take up short courses on financial modelling, which will help you reach new heights in your career. It is even possible to create financial models on MS Excel, so you can learn it very quickly. • Machine Learning – The next skill set that is gaining a lot of traction in the financial industry is machine learning. You will see a lot of things happening in the area. If you have financial knowledge, you can also create ML models and help your employer with analytical data. Final Verdict These five skill sets can help any professional gain an edge in the financial industry. If you know any software development language like Python or Java, you will have an edge here. You can combine trades like visualization, financial modelling and machine learning with the help of your technical skills, enabling you to be creative with finances. Moreover, these skill sets can help you a great deal at a personal level since you can use them in your daily life and manage your finances in a better way.