{"id":87258,"date":"2023-11-21T20:57:47","date_gmt":"2023-11-22T01:57:47","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/most-powerful-women-in-banking-tips-for-money-and-career-success\/"},"modified":"2023-11-21T20:57:48","modified_gmt":"2023-11-22T01:57:48","slug":"most-powerful-women-in-banking-tips-for-money-and-career-success","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87258","title":{"rendered":"Most Powerful Women In Banking Tips For Money And Career Success"},"content":{"rendered":"
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Imagine a room buzzing with financial superstars, all willing to share their secrets to success. At the American Banker’s Most Powerful Women in Banking Conference and the vibrant Money 20\/20 event in Las Vegas, I had the fantastic chance to learn from these money experts.<\/p>\n

Their advice isn\u2019t just for big shots \u2013 it’s for anyone wanting to level up their money game. These leaders didn\u2019t just talk about numbers; they gave practical tips on managing money to boost your savings, grow your earnings, and help you climb the career ladder. From intelligent ways to invest to tips and advice for getting ahead at work, their ideas are like a roadmap for people who want to make more, save better, and advance in their individual careers.<\/p>\n

These women shared wisdom that\u2019s for more than just the finance world; it’s for everyone who wants a better financial future and a shot at professional success.<\/p>\n

Megan Johnson<\/strong>, Chief Marketing Officer, EverBank<\/strong><\/p>\n

Favorite Money Tip<\/em><\/strong>:<\/em> Johnson advises, “Make sure you aren\u2019t leaving money on the table. Target a savings amount and take advantage of today\u2019s high yields, letting your money work for you.”
\n EVER
\n <\/fbs-ticker><\/p>\n

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Career Advice:<\/em><\/strong> “Simply keep going. When it gets hard, that is your opportunity to grow,” emphasized Johnson. She advocates for team-building and leveraging collective strengths for greater success.<\/p>\n

Diane Morais<\/strong>, Ally Bank \u2013 President Consumer and Commercial Banking<\/strong><\/p>\n

Favorite Money Tip:<\/em><\/strong> \u201cCreate a budget and make sure that you are \u2018paying yourself\u2019 first, through both saving AND starting to invest. The biggest regret I hear from customers is they wish they had started earlier on their saving\/investing journey.\u201d<\/p>\n

Top Career Advice:<\/em> <\/strong> \u201cI have two: (1) Be open to possibilities that will help you acquire new skills, even if that means you are moving laterally instead of straight up. Careers are pathways, not ladders.\u201d (2) Stay intellectually curious \u2014 understand what is happening in your industry and the world around you. Learn something new every day.\u201d<\/p>\n

Melissa Stevens<\/strong>, Executive Vice President and Chief Marketing Officer at Fifth Third Bank<\/strong>
\n FITB
\n <\/fbs-ticker><\/p>\n

Favorite Money Tip<\/em>: <\/strong>\u201cPay yourself first. Said another way, don\u2019t spend on all that you want and then save; save a little from the start and adjust your spending accordingly.\u201d<\/p>\n

Top Career Advice<\/em><\/strong>:<\/em> Is there something you feel has helped you be successful in your career and why? \u201cTwo things: (1) Relationships matter. Invest in those around you. (2) Be curious. Asking for the why behind the what will help your learning and aid you in delivering more and better.\u201c<\/p>\n

Courtney Mitchell<\/strong>, Head of Consumer Deposit and Payment Products at TD Bank<\/strong><\/p>\n

Favorite Money Tip :<\/em> <\/strong>\u201cStart with a budgeting exercise \u2013 map out all of your monthly inflows & outflows so you can determine the amount of discretionary spending and saving you have to work with. Then look at your goals \u2014 do you have debt to pay down? Are you saving for something? Set aside automatic payments or savings transfers to meet your starting goals. Always look to refresh this exercise to ensure you take into account changes in your own goals or external factors causing any of your set payments to change.\u201d<\/p>\n

Top Career advice:<\/em> <\/strong>\u201cAlways push for a level of comfortability by taking on new challenges or learning more. It doesn’t necessarily need to be a new role or position. You can always look at doing more and going above and beyond while in your current job. Often the next opportunity can come naturally through that extra effort.\u201d<\/p>\n

Ernie (Erminia) Johannson<\/strong><\/sup> Group Head, North American Personal and Business Banking at BMO <\/strong><\/sup><\/h2>\n

Favorite Money Tip: <\/em><\/strong>\u201cTake the long view. Create a plan and focus on long-term financial progress through economic cycles.<\/p>\n

Be persistent and get in the habit of saving for your long-term goals \u2013 it\u2019s impactful. Even if you’re making small, bite-size advances in your strategy or your approach, there is power in being persistent and nibbling away at that long-term goal. Also, look for structured accounts to help you grow your money faster with what you already have \u2013 through interest rates, no fees, or rewards for achieving savings goals.<\/p>\n

Review your finances and develop a solid \u2013 and realistic \u2013 plan after speaking with your banker or financial advisor. The latest BMO Real Financial Progress Index shows clearly that Americans are feeling the weight of inflation. Your banker or a financial advisor can help you review and adjust your budget to account for rising costs so you can continue to save and progress toward your goals.<\/p>\n

Don\u2019t forget about digital banking tools and apps to help track spending patterns so you can be aware and save more.\u201d<\/p>\n

Top Career Advice:<\/em><\/strong> <\/em> \u201cDon\u2019t be afraid to tackle the big problems that need to be solved or seem complex. Run to the crisis or \u2018tough problem\u2019 \u2013 that\u2019s often where the most impact is for your organization.<\/p>\n

Taking the \u201chard path\u201d often offers the individual who chooses this challenge a phenomenal learning opportunity and the ability to make a difference. This \u2018tough path\u201d will help the individual define her brand in an organization and with her colleagues. It\u2019s important for women to have very clear articulation of their success stories. I advise women to be able to speak to three or four success stories; this will assist with their career advancement and from a mentoring perspective.<\/p>\n

Pushing yourself to tackle big, thorny issues is where you will create your brand and experience the most personal and professional growth.\u201d<\/p>\n

Gunjan Kedia<\/strong> Vice Chair at U.S. Bank | Wealth, Corporate, Commercial and Institutional Banking<\/strong><\/h3>\n

Favorite Money Tip<\/em><\/strong>:<\/em> \u201cWhen it comes to engaging in your finances, especially in the beginning, here\u2019s my best advice: just start. A 401(k) or similar can be a great place to start, for example, given it is a tax-efficient form of saving and investing for the long run. It has the ease of setting up automatic contributions that can nurture the habit of saving. Once people have accumulated some wealth, I advise ensuring you have a complete view of your accounts and can access everything. This is especially important if assets are combined with a partner or spouse and even more important if you find yourself in the passenger seat of managing your household finances. This exercise can also shine a light on spending patterns, which is an important step in planning for income needs in retirement \u2013 and can even help identify opportunities to redirect resources to longer-term needs.<\/p>\n

Top Career advice:<\/em><\/strong> <\/em> \u201cAre you in the middle of a career \u2013 or just starting out?We are living in a difficult environment where social media can amplify the perception that other people are living perfect lives, where only good things have happened \u2013 including their careers and financial situations. We know that\u2019s not always the actual narrative, but falling into that comparison trap can sometimes be easy to do.<\/p>\n

I always tell people: only compete with your own yesterday. It\u2019s a marathon. If you can just try to be a bit better at something than you were yesterday, you will find yourself in good places.\u201d<\/p>\n

<\/sub>Beth Johnson<\/strong><\/sub>, Vice Chair, Chief Experience Officer at Citizens Financial Group<\/sub>
\n CFG
\n <\/fbs-ticker><\/h2>\n

Favorite Money Tip<\/em><\/strong>:<\/em> \u201cYou know, it\u2019s funny because, after all my years in financial services, no one has asked! My favorite money tip is really foundational: understand it. It\u2019s so<\/em> critical to have an understanding of foundational financial concepts like inflation and the basics of investing or how to think about borrowing money and the trade-offs between owning a home with a mortgage or renting. Many great resources are out there, and spending little time understanding the basics would go a long way.\u201d<\/p>\n

Top Career advice:<\/em><\/strong> \u201cFor me, it\u2019s a two-part answer. Part one is to invest in yourself. When starting out professionally, you need to take ownership of your career and be prepared to advocate for your skills and value. Part two is to consider your net present value; don\u2019t just consider the next six months. I\u2019ve always found value in taking the long view of my career and considering my long-term goals, both personally and professionally.\u201d<\/p>\n

Sherri Haymond<\/strong>, Executive Vice President, Global Digital Partnerships at Mastercard <\/strong><\/h3>\n

Top Career Advice<\/em><\/strong>: \u201cYou have to be humble, be willing to look in the mirror, and not be afraid to see who\u2019s looking back at you. Really get to know yourself \u2013 what you\u2019re good at, and what you\u2019re not. What\u2019s going well, what\u2019s not going so well. And constantly ask yourself \u2013 what can I do to be even better?<\/p>\n

Shruti Joshi<\/strong>, President & Chief Operating Officer at Facet<\/strong><\/h3>\n

Favorite Money Tip<\/em>: <\/strong>\u201cFinancial wellness is wellness. A wellness routine for your money needs to be a part of your life as early as possible to lay a strong foundation for the life you want to live and the person you want to become.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Imagine a room buzzing with financial superstars, all willing to share their secrets to success. At the American Banker’s Most Powerful Women in Banking Conference and the vibrant Money 20\/20 event in Las Vegas, I had the fantastic chance to learn from these money experts. Their advice isn\u2019t just for big shots \u2013 it’s for […]<\/p>\n","protected":false},"author":1,"featured_media":87259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-87258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"yoast_head":"\nMost Powerful Women In Banking Tips For Money And Career Success | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Imagine a room buzzing with financial superstars, all willing to share their secrets to success. 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