Table 1Transition record

foreign exchange tradertomutual fund broker

A foreign exchange trader already meets 62% of what the mutual fund broker role asks for. The move turns on 5 required skills not yet in the profile.

From foreign exchange trader

62%

Overlap1

To mutual fund broker

17 Skills carried over

5 Required, not held

39.8 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 39.8

This move: 39.8 of 100 · moderate

1 Share of the mutual fund broker role’s weighted skill requirement already met by the foreign exchange trader profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 17 skills that carry over, these are the ones fewest other occupations ask for. A mutual fund broker role needs them, and most people applying for one will not have them already. This is the part of a foreign exchange trader background worth leading with.

Skill the target role also needs Area

already held operate financial instruments management skills
already held trade securities communication, collaboration and creativity
already held monitor stock market information skills
already held perform stock valuation information skills
already held forecast economic trends information skills
already held stock market business, administration and law

All 17 carried skills, including the 12 the mutual fund broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 15 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 communication, collaboration and creativity 2 required, 6 supplementary

required, not held provide financial product information required
required, not held review investment portfolios required

optional, not held implement hedging strategies for clients optional
optional, not held offer financial services optional
optional, not held apply technical communication skills optional
optional, not held build business relationships optional
optional, not held develop professional network optional
optional, not held liaise with shareholders optional

02 business, administration and law 2 required, 2 supplementary

required, not held investment analysis required
required, not held modern portfolio theory required

optional, not held customer service optional
optional, not held asset management optional

03 management skills 1 required, 1 supplementary

required, not held develop investment portfolio required

optional, not held create a financial plan optional

04 information skills 1 supplementary

optional, not held provide cost benefit analysis reports optional

Table 4

Table 4 · Where to start

The 3 entries a mutual fund broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 17 skills that carry over

Skill Type

already held actuarial science knowledge
already held analyse economic trends skill
already held analyse market financial trends skill
already held economics knowledge
already held financial markets knowledge
already held financial products knowledge
already held forecast economic trends skill
already held monitor stock market skill
already held operate financial instruments skill
already held securities knowledge
already held stock market knowledge
already held trade securities skill
already held advise on financial matters skill
already held analyse financial risk skill
already held financial jurisdiction knowledge
already held handle financial transactions skill
already held perform stock valuation skill

10 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held customer service optional
optional, not held implement hedging strategies for clients optional
optional, not held offer financial services optional
optional, not held apply technical communication skills optional
optional, not held asset management optional
optional, not held build business relationships optional
optional, not held create a financial plan optional
optional, not held develop professional network optional
optional, not held liaise with shareholders optional
optional, not held provide cost benefit analysis reports optional

12 held skills the mutual fund broker role does not ask for

Skill Type

not needed by the target role accounting knowledge
not needed by the target role banking activities knowledge
not needed by the target role commercial law knowledge
not needed by the target role foreign valuta knowledge
not needed by the target role international commercial transactions rules knowledge
not needed by the target role international trade knowledge
not needed by the target role maintain records of financial transactions skill
not needed by the target role manage financial risk skill
not needed by the target role perform financial risk management in international trade skill
not needed by the target role statistics knowledge
not needed by the target role trace financial transactions skill
not needed by the target role trade foreign currencies skill

4 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held investment analysis required
required, not held modern portfolio theory required
optional, not held customer service optional
optional, not held asset management optional

Index

Other moves recorded from foreign exchange trader

Full index of moves from foreign exchange trader

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.