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Climbing the Ladder in Finance: The PIE Framework for Funding Professionals

by Index Investing News
December 6, 2024
in Investing
Reading Time: 4 mins read
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Early in my profession, I missed out on promotions despite the fact that I labored onerous. As an engineer by coaching, I assumed my success can be performance-based. I mistakenly thought that my worth to a corporation can be measured solely by my technical abilities — how shortly and precisely I may compute the costs of complicated monetary derivatives.

It wasn’t till years into my banking profession that I noticed my mistake: I had ignored picture and publicity. Harvey Coleman’s 1996 examine on profession development revealed that profession success relies on a mix of efficiency, picture, and publicity (PIE). The truth is, solely 10% of success correlates to efficiency, whereas picture accounts for 30%, and publicity for a staggering 60%.

In the event you’re delivering outcomes however are nonetheless being handed over for promotions, it’s time to take inventory of the lacking items in your PIE.

Picture: Your Status at Work

What are you identified for at work? In my first job as a international alternate (FX) gross sales skilled at a Singapore financial institution, I didn’t do properly as a result of I lacked social abilities. Despite the fact that I improved my promoting abilities considerably after a 12 months, the poor impression my colleagues and managers had of me was mounted. It was tough to alter their minds. If I had stayed on, I’d have been a mediocre salesperson at greatest. So, I left to pursue my grasp’s in finance.

Once I joined Citi in 2001 as a derivatives structurer, I confirmed a powerful curiosity in instructing. I volunteered to conduct product coaching for each shoppers and colleagues. In a short time, I constructed a popularity not simply as a talented structurer but additionally as a wonderful coach. This popularity led to invites from gross sales heads throughout Asia to coach their groups and clients, considerably enhancing my private model.

Tips on how to Construct Your Private Model

Develop a signature ability, one thing that’s completely different out of your core experience however could be included into your work.

As an example, in case you’re a junior analysis analyst in an asset administration firm, you would develop video enhancing abilities. By providing to shoot and edit movies for senior colleagues presenting at funding conferences, you may be seen as a helpful crew participant whom they need to deliver alongside to occasions.

If in case you have already labored at your present firm for greater than a 12 months, altering your inner model is usually a problem. I recommend specializing in creating your exterior model and letting it affect your inner standing.

Volunteering with a CFA society, organizing occasions, or serving as a speaker liaison are nice methods to do that. I’m proud to be a speaker on the CFA Institute LIVE 2025 occasion in Chicago subsequent Might. Share these experiences on LinkedIn and different retailers, as I do, to showcase your capabilities as a grasp networker or organizer. Your employer will see you in a unique mild. Be taught to be a storyteller. Tales resonate extra deeply than information and figures. Use your tales to let individuals learn about your character, talents, and values. They’re essential components of your private model.

CFA Institute Live 2025 Event Banner

Publicity: How Nicely Do Individuals Know You?

Publicity is about guaranteeing that the fitting individuals — your colleagues and senior leaders — are conscious of your contributions. With out visibility, you received’t get promoted.

I discovered this the onerous approach. Once I was a vp (VP, a mid-level rank) at an American financial institution, my boss went on vacation and requested me to current the weekly market replace to the gross sales and structuring groups throughout Asia on his behalf. I advised him I couldn’t host the assembly as a result of I used to be busy making ready for my skilled exams. However this was simply an excuse. In actuality, I feared public talking. He acquired one other VP to do it as an alternative. By year-end, when it got here to promotion nominations, guess who my supervisor selected to advertise to director degree? That’s proper, not me, however the different VP.

In the event you carry out properly in your job however don’t communicate up in conferences, you’re making it tough for managers to learn about your work. Even when your individual boss desires to advertise you, nobody else within the firm will help you as a result of they hardly know you. It comes all the way down to this easy equation:

How good you might be × Your presentation abilities = How good individuals assume you might be

So not solely should you do good work, however you will need to additionally seize alternatives to let individuals know concerning the work you do.

Tips on how to Enhance Publicity

  1. Converse Up Throughout Conferences: Share your insights, ask considerate questions, and ensure your voice is heard.
  2. Volunteer for Excessive-Visibility Duties: For instance, supply to emcee the corporate’s annual dinner.
  3. Pursue Worldwide Alternatives: Inner transfers to completely different workplaces or nations can considerably enhance your publicity. I labored in London and Hong Kong throughout my profession, and these stints allowed me to construct relationships with international leaders.
  4. Interact with the International Neighborhood: Attend CFA occasions outdoors your house nation to attach with a broader community.

Full Your PIE

Promotions require extra than simply onerous work and outcomes. By mastering the PIE framework, you’ll place your self for long-term profession success.



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