How to Own Up to Mistakes You’ve Made in Financial Positions

As a financial professional, you are judged more for how you handle the aftermath of a mistake you made than the actual misstep itself. This same rule applies to many other business sectors. In fact, lying about the incident or otherwise covering it up likely causes more damage to your reputation and career prospects over time.

Here are a few insights and ideas on how to properly own-up to a mistake made as a financial professional. Take heed of this advice to achieve the best possible outcome no matter the gravity of the situation. In this case, the old cliché applies: Honesty is the best policy.

A Sincere and Forthright Approach Is a Must

After discovering your mistake, be sure to inform your manager and other relevant personnel as soon as possible. It should be obvious that sincerity and honesty need to be the approach when communicating about the issue. Do whatever it takes to fix the problem as quickly as possible; getting help from your co-workers only if necessary.

You must take ownership of the incident. Remember, you are being judged more for your actions in the wake of the mistake than the actual problem.

Display Confidence and Poise After a Mistake

After making a mistake at your financial job, keeping your poise helps ensure the handling of the situation in a proper manner. Of course, you need to show an honest level of concern when you own up to the incident. But a measure of confidence illustrates how well you handle any tough situation.

In short, financial companies want to employ workers who display grace under pressure. Remember that fact when you decide how to issue your own mea culpa.

An Honest and Analytical Approach Works Best

Ultimately, the most important thing is to take an analytical approach to your mistake. Figure out why it happened and take the steps to prevent it from reoccurring. You already know to be forthright and honest when communicating about the issue. Once again, take ownership and work hard to mitigate any of the aftereffects.

It bears repeating: You are judged more for your reaction to any mistakes than the actual mistake itself. In essence, the old truism – the cover-up is worse than the crime – also applies in the business world.

When you need advice on your financial industry career, speak with the expert team at Venteon. As one of the top technical and finance staffing agencies in Michigan, we also know what companies are looking for talented and honest professionals. Click to contact us today.



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