Technical Skills

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Definition of 'Technical Skills'

Technical skills are the abilities required to perform a particular job or task. They are often acquired through education and training, and can be either hard or soft skills. Hard skills are specific, technical abilities that can be measured and quantified, such as the ability to use a particular software program or to perform a particular mathematical calculation. Soft skills are more general, interpersonal abilities that are not as easily measured or quantified, such as the ability to work well in a team or to communicate effectively with others.

Technical skills are essential for many jobs in the financial services industry, as they allow employees to perform the tasks required of their positions. For example, a financial analyst may need to have strong mathematical skills in order to analyze financial data and make investment recommendations. A financial advisor may need to have strong communication skills in order to build relationships with clients and explain complex financial concepts.

In addition to hard and soft skills, technical skills can also be classified as either general or specific. General technical skills are those that are applicable to a wide range of jobs, such as the ability to use Microsoft Office or to conduct research on the internet. Specific technical skills are those that are specific to a particular job or industry, such as the ability to use a particular software program or to perform a particular financial calculation.

Technical skills are important for both employers and employees. Employers value technical skills because they allow employees to perform the tasks required of their positions. Employees value technical skills because they can help them to get a job, advance in their careers, and earn higher salaries.

There are a number of ways to develop technical skills. One way is to get formal education and training. This can be done through college or university, technical schools, or online courses. Another way to develop technical skills is through on-the-job training. This can be done through apprenticeships, internships, or job shadowing. Finally, technical skills can also be developed through self-study. This can be done through books, articles, online tutorials, or software programs.

Technical skills are essential for many jobs in the financial services industry. By developing strong technical skills, you can increase your chances of getting a job, advancing in your career, and earning higher salaries.

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