Most Important Skills For An Investment Banking Managing Director At Wells Fargo
Eric, a Managing Director at Wells Fargo, emphasizes that while financial literacy is foundational, "communication skills—listening, succinct written communication, and effective verbal communication—are paramount". The importance of attention to detail, because "decimal points matter," and a curious mindset are also crucial for success in their corporate and investment banking role.
Communication, Financial Literacy, Organizational Skills, Attention to Detail, Curiosity
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Eric Frandson
Managing Director, Corporate & Investment Banking
Wells Fargo
UC Berkeley
UC Berkeley, MBA
Anthropology, Sociology
Finance (Banking, Fintech, Investing)
Sales and Client Management
Scholarship Recipient, Took Out Loans, Worked 20+ Hours in School, Transfer Student
Video Highlights
1. Effective communication skills encompassing listening, written and verbal communication are crucial for success.
2. Strong organizational skills and attention to detail are essential for accuracy and building trust in finance.
3. Curiosity and a proactive learning attitude are valuable assets for continuous growth and understanding in this field.
Transcript
What skills are most important for a job like yours?
It's banking. You need a core financial literacy or aptitude. But in my role, it's all about communication.
Communication skills are one hundred percent listening. You have two ears and one mouth, so really good listening skills are essential. This involves understanding what people are saying or writing, and also paying attention to body language. You're always fine-tuned to the messages being sent.
Written communication is huge, and it needs to be succinct, clear, and concise. It's harder to write something in four pages than in ten. There's also a time for verbal communication. These three aspects make up the basics.
Organizational skills are also important because there are a lot of moving parts. Attention to detail matters immensely in finance; decimal points and commas need to be in the right place. Getting these details right is crucial because when you communicate, you're either building or degrading trust. Poor attention to detail degrades trust, so it's a mandatory quality.
Curiosity is also vital. If you're a learner and curious, other positive qualities will follow. Being a good listener means you care about what the other person is saying. When you're reading about something, curiosity drives you to understand why. This quality can be developed and serves you well in this business.