RecordMove

Education administrator to financial markets back office administrator

An education administrator already meets 36% of what the financial markets back office administrator role asks for. The move turns on 7 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional

From education administrator

Distant match

To financial markets back office administrator

8 You already bring

7 Still to learn

29 Skills in the target role2

Learning distance Substantial retraining

60.4/ 100

adjacentmoderatesubstantialcareer change

1 How much of what a financial markets back office administrator is expected to do is already part of an education administrator’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the financial markets back office administrator role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A financial markets back office administrator role treats 6 of its required skills as things an education administrator already does. You would walk in with these on day one.

customer service
electronic communication
handle financial transactions
maintain records of financial transactions
office software
perform clerical duties

What stands in the way is 7 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 8 skills that carry over, these are the ones fewest other occupations ask for. A financial markets back office administrator role needs them, and most people applying for one will not have them already. This is the part of an education administrator background worth leading with.

Skill the target role also needs Area

already held electronic communication engineering, manufacturing and construction
already held office software information and communication technologies (icts)
already held maintain records of financial transactions information skills
already held trace financial transactions information skills
already held perform clerical duties management skills
already held accounting business, administration and law

All 8 carried skills, including the 6 the financial markets back office administrator role treats as required.

Table 3

Table 3 · What you may need to learn

The 21 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier

01 business, administration and law 4 required, 6 supplementary

still to learn office administration required
still to learn banking activities required
still to learn financial markets required
still to learn financial products required

optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held financial jurisdiction optional
optional, not held securities optional
optional, not held stock market optional

02 management skills 2 required, 1 supplementary

still to learn manage administrative systems required
still to learn handle paperwork required

optional, not held manage securities trading optional

03 communication, collaboration and creativity 1 required, 4 supplementary

still to learn manage contracts required

optional, not held trade foreign currencies optional
optional, not held communicate with banking professionals optional
optional, not held provide financial product information optional
optional, not held trade securities optional

04 natural sciences, mathematics and statistics 2 supplementary

optional, not held actuarial science optional
optional, not held statistics optional

05 social sciences, journalism and information 1 supplementary

optional, not held economics optional

Table 4

Table 4 · Where to start

The 3 entries a financial markets back office administrator 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 8 skills that carry over

Skill Type

already held customer service knowledge
already held electronic communication knowledge
already held handle financial transactions skill
already held maintain records of financial transactions skill
already held office software knowledge
already held perform clerical duties skill
already held accounting knowledge
already held trace financial transactions skill

14 supplementary skills, helpful but not required

Skill to pick up Tier

optional, not held actuarial science optional
optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held manage securities trading optional
optional, not held trade foreign currencies optional
optional, not held communicate with banking professionals optional
optional, not held economics optional
optional, not held financial jurisdiction optional
optional, not held provide financial product information optional
optional, not held securities optional
optional, not held statistics optional
optional, not held stock market optional
optional, not held trade securities optional

24 held skills the financial markets back office administrator role does not ask for

Skill Type

not needed by the target role accounting techniques knowledge
not needed by the target role budgetary principles knowledge
not needed by the target role communicate by telephone skill
not needed by the target role consult student's support system skill
not needed by the target role cooperate with education professionals skill
not needed by the target role deliver correspondence skill
not needed by the target role education administration knowledge
not needed by the target role evaluate budgets skill
not needed by the target role financial management knowledge
not needed by the target role handle mail skill
not needed by the target role kindergarten school procedures knowledge
not needed by the target role maintain contract administration skill
not needed by the target role maintain internal communication systems skill
not needed by the target role manage budgets skill
not needed by the target role manage educational institution's administration skill
not needed by the target role manage office facility systems skill
not needed by the target role manage school budget skill
not needed by the target role primary school procedures knowledge
not needed by the target role provide information on education financing skill
not needed by the target role provide information on school services skill
not needed by the target role secondary school procedures knowledge
not needed by the target role student financial aid programmes knowledge
not needed by the target role use different communication channels skill
not needed by the target role use office systems skill

13 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 pick up Tier

still to learn office administration required
still to learn banking activities required
still to learn financial markets required
still to learn financial products required
optional, not held actuarial science optional
optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held economics optional
optional, not held financial jurisdiction optional
optional, not held securities optional
optional, not held statistics optional
optional, not held stock market optional

Index

Other moves recorded from education administrator

Full index of moves from education administrator

FAQ

Common questions about this move

Can an education administrator become a financial markets back office administrator?

Yes, and it is a substantial move. An education administrator already covers 36% of what a financial markets back office administrator is expected to do: 8 skills carry over, 6 of which the financial markets back office administrator role treats as required.

What skills does an education administrator need to become a financial markets back office administrator?

7 required skills are missing, plus 14 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is manage administrative systems.

How hard is the move from education administrator to financial markets back office administrator?

Its learning distance is 60.4 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

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.