Here are few things that I always try to grab it with a positive attitude:
Starting with the Macro factor a student from the financial market must be aware of the world economy as a whole and inherent knowledge about the Indian economy. Any measures in relation with the Govt. Budgetary policy and the monetary policy of the RBI must be on his finger tips.
One must have a flair of Financial accounting and financial statistics in case the situation demands. The core area of competency i.e en edge one should be specialized in Investment banking/Derivatives/Mergers Acquisitions and Take overs another important aspect is Corporate Finance becoz according to Aswath Damodaran everything is corporate finance.
Some of the other areas were edge could be obtained are basically in the areas of Fundamental analysis/financial planning/Debt Market and commodities. The only area which left untouched is the delivery (communication – skills) and how professionally things should be delivered.
Versatility is the personal trait one should posses as Nassim Nicholas Taleb in his famous book “THE BLACK SWAN” quoted Black swans being unpredictable we need to adjust to their existence. There are so many things we can do if we focus on anti-knowledge, or what we do not know…
“If money is your hope for independence, you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience and ability.”