Thought Leadership Piece: Advice for Aspiring Executives

By

Lucas Birdsall

For new graduates entering the world of finance, the path to executive leadership can seem both exhilarating and daunting. As a seasoned executive with experience leading companies like BMGB Capital Corp and Castlebar Capital Corp., I've witnessed firsthand the challenges and opportunities that await young professionals on their journey to the C-suite - so here are some tips I’ve picked up along the way.

Develop a Strong Foundation in Finance and Management

First and foremost, a solid educational background in finance and management is crucial for aspiring executives– it's like building a solid foundation for your career house! Focus on developing

expertise in comprehensive risk management, analysis, and research, as these skills are invaluable across various industries and roles. Plus, the right training environment can teach you how to be an ethical leader, and that’s huge in today’s business world.

Cultivate Versatility

As a future executive, you'll likely find yourself working across different industries throughout your career. This is a good thing! I've had the opportunity to lead companies in venture capital, natural resources, and technology sectors. Gaining experience in a variety of sectors offers you the chance to develop a broad skill set that will allow you to adapt in the face of any challenge thrown your way.

Prioritize People Skills

One of the most critical factors in anyone’s career development is cultivating strong people skills. The ability to establish genuine connections with colleagues, clients, and investors is invaluable. This can be challenging given the new work-from-home landscape, but one tip is to practice both giving and receiving constructive criticism (crucial for any executive leader!). Additionally, seeking out mentorship opportunities can give you valuable insights into interpersonal relationships.

Maintain Work-Life Balance

As your career progresses and responsibilities increase, it becomes increasingly important to maintain a

a healthy work-life balance. Pursue interests outside of work that help you relax and recharge. For me, collecting art, reading history, and following sports have been valuable outlets. Setting an example of a healthy work-life balance promotes a culture of wellness, which should be a key goal of any executive.

Continuous Learning and Adaptability

The business world is constantly evolving, and as a leader, you need to stay ahead of the curve. Commit to lifelong learning and be open to new ideas and perspectives. Stay informed about industry trends, emerging technologies, and global economic factors that may impact your business by reading relevant trade publications and attending conferences.

Build a Strong Professional Network

Last but certainly not least, networking is vital for career advancement and business success. Go to industry events, join professional associations, and leverage platforms like LinkedIn to connect with peers and mentors. A diverse and robust network can provide valuable insights, opportunities, and support throughout your career.

Focusing on these areas can set you up for success in the competitive business world. Remember, the path to becoming a leader is all about growth, learning, and adapting. Stay committed to your goals, be resilient when things get tough, and always aim to add value to your organization and its stakeholders.