Exploring Finance Job Opportunities in Peoria, IL
Intro
Peoria, Illinois, once a hub of industrial activity, is evolving in its economic focus. The finance sector is an integral part of this transformation. As more businesses emerge and existing firms expand, the demand for finance professionals is increasing. Understanding the job opportunities in this area is crucial for both seasoned professionals and recent graduates. Each detail in this landscape warrants attention, as it is not merely about available positions but also about the qualifications needed, the local market dynamics, and the strategies for success in securing these roles.
The landscape of finance employment in Peoria is diverse, encompassing various roles like analyst positions, accounting, and financial planning. This article will delve into the job types, requisite skills, and external factors influencing employment trends in the finance sector.
Current Trends in Finance Job Opportunities
Overview of Local Job Market
The job market in Peoria has shown resilience despite economic fluctuations. Recent data indicates a gradual increase in finance-related job openings. Companies are seeking candidates who can navigate financial regulations, data analysis, and risk management.
This uptick can be attributed to a few key factors:
- Economic Development Initiatives: Local government and businesses are collaborating to stimulate growth, leading to more finance roles being created.
- Diverse Industries: The presence of healthcare, manufacturing, and retail sectors generates a wide range of finance jobs.
Types of Finance Positions Available
In Peoria, finance job opportunities vary significantly. Here are some positions commonly available:
- Financial Analyst: Responsible for analyzing financial data to guide business decisions.
- Accountant: Handles financial records and reporting for businesses.
- Financial Planner: Advises clients on investment strategies and financial planning.
- Treasury Analyst: Manages cash flow and funding strategies for organizations.
These roles require different skill sets, which brings us to the next important discussion.
Required Qualifications
To succeed in Peoria's finance job market, candidates must possess certain qualifications and skills. These often include:
- Educational Background: A degree in finance, accounting, business, or a related field is typically required.
- Certifications: Credentials such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) can enhance job prospects.
- Analytical Skills: Ability to interpret complex financial data is critical in many finance roles.
Acquiring these qualifications can enhance one's starting position in this competitive market.
Strategies for Job Seekers
A well-rounded strategy is essential for job seekers aiming to break into the finance field in Peoria. Here are effective approaches:
- Networking: Connecting with local finance professionals can lead to job referrals and insights about available positions. Websites like LinkedIn can be valuable for building these connections.
- Professional Development: Continuous learning can set candidates apart. This includes attending workshops or completing online courses on new finance tools or regulations.
- Tailored Applications: Customizing resumes and cover letters to specific roles enhances the likelihood of getting noticed by employers.
Investing in your professional development and networking can significantly improve your chances of landing a role in the competitive finance environment of Peoria.
End
The finance job market in Peoria, Illinois, offers numerous opportunities for those prepared to engage with the requirements and challenges present in the industry. Understanding market trends, the types of available positions, and necessary qualifications can help job seekers navigate this landscape successfully. By employing effective strategies such as networking and professional development, candidates can solidify their footing in this evolving sector.
Overview of the Finance Job Market in Peoria
The finance job market in Peoria, Illinois represents a significant landscape for both recent graduates and seasoned professionals. It serves as a crucial part of the local economy through a diversity of roles and industries. An understanding of this market is essential for job seekers looking to capitalize on available opportunities.
In recent years, Peoria has seen a steady demand for financial roles, partly due to its central location and robust economic sector that includes healthcare, agriculture, and manufacturing. This presents an array of finance-related positions, catering to various skill sets and experiences. The local finance sector is not just large; it is becoming more sophisticated, incorporating modern technologies and strategies.
Defining the Local Finance Sector
Peoria's finance sector is multifaceted. It includes corporate finance, investment analysis, public finance, and auditing services, among others. Major corporations like Caterpillar and OSF HealthCare have sizeable finance departments, providing significant job opportunities for local residents. Additionally, several smaller firms and startups are emerging, diversifying the landscape with unique finance roles.
The presence of financial institutions like banks and credit unions further enriches this sector. These institutions require skilled professionals to manage accounts, loans, and investments, leading to a consistent demand for qualified employees.
Recent Trends in Employment
In recent years, employment trends in Peoria's finance sector indicate a gradual recovery and growth post-pandemic. According to data, the job market has begun to stabilize, with an increase in job postings across various finance roles. The demand for financial analysts and accountants has surged, driven by businesses seeking to navigate economic uncertainties and ensure compliance with financial regulations.
Moreover, technology is becoming integral to the finance workforce. Positions that require knowledge in data analysis, financial modeling, and software proficiency are increasingly sought after. As such, finance professionals are encouraged to upskill and adapt to these trends to remain competitive in the job market.
"Understanding the local finance job market is crucial for navigating your career opportunities in Peoria. The shift to technology-focused roles indicates a future of finance that will require agility and adaptability from its professionals."
This synthesis of the local finance sector and employment trends lays the groundwork for exploring specific job types available, educational requirements, and necessary skills that will facilitate a successful career in finance.
Types of Finance Jobs Available
The landscape of finance job opportunities in Peoria is diverse. This variety offers numerous pathways for individuals interested in pursuing careers in finance. Understanding the types of finance jobs available is crucial for job seekers. It influences their decisions on education, skill development, and career progression. Each role has its own set of requirements and opportunities. By exploring these roles, candidates can align their skills and interests with market needs.
Corporate Finance Positions
Corporate finance positions play a vital role in managing the financial health of an organization. Professionals in this field are responsible for strategic financial planning, managing budgets, and investments. They analyze financial data to inform corporate decisions, ensuring the organization meets its financial goals.
Industries in Peoria, such as healthcare and manufacturing, frequently offer roles in corporate finance. Positions here often include Financial Manager, Treasurer, and Budget Analyst. These roles typically require strong analytical skills and a solid understanding of financial regulations.
In Peoria, candidates with a degree in finance, accounting, or a related field are well-prepared to enter this sector. Certification such as Chartered Financial Analyst (CFA) can also enhance one’s marketability in corporate finance positions.
Financial Analyst Roles
Financial analysts are key players in the finance field. They assess financial data, create reports, and provide insights that help guide investment decisions. Their analysis aids businesses in understanding market trends, performance issues, and potential risks.
In Peoria, financial analyst roles can be found in various sectors, from banking to local businesses. Positions like Junior Financial Analyst or Senior Financial Analyst are common. Typically, these roles require strong quantitative skills and proficiency with analysis software.
Experience in budgeting and forecasting is an added advantage. Educational qualifications, including a bachelor's degree in finance or economics, are generally expected. Advanced degrees, such as an MBA, can further distinguish candidates in the job market.
Investment Banking Opportunities
While not as prevalent as corporate finance roles, investment banking opportunities do exist in Peoria. These positions focus on raising capital for businesses and advising on mergers and acquisitions. They often involve high-level financial modeling and in-depth market analysis.
Candidates eyeing investment banking positions might find opportunities in regional investment firms. A competitive edge in this realm is gained through internships or experience at larger financial institutions in nearby cities.
Strong analytical capabilities, along with communication skills, are crucial for success in investment banking. A background in finance or business administration can provide a solid foundation for these roles. Furthermore, familiarity with financial regulations and market trends cannot be overstated.
Accounting and Auditing Jobs
Accounting and auditing jobs are fundamental within the Peoria finance landscape. They ensure compliance with laws and regulations while managing financial records. These roles are essential in maintaining transparency and integrity within organizations.
Common positions include Staff Accountant, Tax Auditor, and Financial Controller. Many local firms, including accounting practices and corporations, look for qualified professionals to fill these roles. Typically, a bachelor’s degree in accounting or finance is mandatory.
Certifications such as Certified Public Accountant (CPA) can significantly enhance a candidate's qualifications. Familiarity with financial software and regulatory frameworks is also important.
Accountants and auditors in Peoria enjoy job stability due to the ongoing need for financial oversight and compliance, making these roles especially attractive for job seekers.
Through these diverse types of finance jobs, Peoria professionals can find suitable pathways to grow their careers. By recognizing the unique qualifications and skills that each role demands, aspiring candidates can better prepare themselves for the evolving job market.
Educational Requirements for Finance Jobs
Understanding the educational requirements for finance jobs is crucial for anyone aspiring to enter the finance sector in Peoria, Illinois. Education not only lays the foundation for the knowledge and skills necessary in finance roles, but it also enhances one's employability and career prospects.
Employers typically look for candidates who have a solid educational background in relevant fields. This usually means having degrees in finance, accounting, economics, or business administration. At a minimum, a bachelor's degree is necessary for most positions. However, further qualifications can significantly enhance a candidate's profile.
Degrees and Certifications
- Bachelor's Degree: A foundational degree in finance or a related field is often the first step. It provides essential knowledge about financial principles, investment analysis, and risk management.
- Master's Degree: Pursuing a Master of Business Administration (MBA) with a focus on finance can open doors to senior roles. This advanced degree equips individuals with strategic and analytical skills favored in higher management positions.
- Certifications: Professional certifications such as Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Financial Risk Manager (FRM) are highly regarded. These certifications signal a commitment to the profession and provide specialized knowledge that can set candidates apart in a competitive environment.
These educational pathways serve not only to hone technical skills but also to build a professional network, which can be invaluable in the job search process.
Importance of Experience
Experience holds significant weight in the finance industry. While education is critical, practical experience allows candidates to apply their knowledge in real-world situations. Experience cultivates skills that are not always taught in traditional educational settings; for example, understanding workplace dynamics and navigating complex financial software.
- Internships: Many finance students undertake internships during or after their studies. These experiences can provide hands-on learning and often lead to job offers post-graduation.
- Entry-Level Positions: Gaining entry-level work within financial institutions or corporations helps candidates familiarize themselves with industry standards and practices. Roles such as financial assistant or junior analyst can be stepping stones to more advanced positions.
- Continuous Learning: The financial landscape continuously evolves due to technology and regulations. As such, professionals often engage in ongoing education to stay updated. Platforms like Coursera or Udemy offer courses tailored to working professionals seeking to expand their skill set.
"Education and experience are the twin pillars of a successful finance career. Without one, the other cannot truly elevate your potential."
In summary, the educational requirements for finance jobs are extensive and varied. They demand a blend of formal education, certifications, and practical experience. Candidates who actively pursue these elements are better positioned for success in the finance job market in Peoria.
Skills Essential for Success in Finance
The finance sector is multifaceted and requires a set of specialized skills to navigate its complexities effectively. The importance of these skills cannot be overstated. For professionals in Peoria's finance job market, possessing the right abilities can significantly enhance their career prospects. Furthermore, these skills equip individuals to handle the demands and challenges presented in various finance roles. Understanding these essential skills is crucial for both new entrants and established professionals aiming to advance their careers.
Analytical and Problem-Solving Skills
Analytical skills are fundamental in finance. Professionals need to analyze data, market trends, and various financial reports to make informed decisions. These skills enable individuals to assess financial strategies and determine their effectiveness. For example, when reviewing investment options, finance professionals must dissect complex information frameworks to forecast potential returns and risks effectively. Problem-solving abilities further complement analytical skills, allowing finance workers to identify challenges and devise realistic solutions.
Employers in Peoria look for candidates who can demonstrate strong analytical capabilities. This involves having a keen attention to detail as well as the intellect to interpret quantitative data. Without these skills, making sound financial decisions becomes difficult and can lead to unfavorable outcomes.
Communication and Interpersonal Skills
While technical capabilities are essential, communication skills play a vital role in the finance industry. Finance professionals must convey complex information clearly and concisely to clients and coworkers. It is not enough to analyze data; they must also share their insights persuasively. This skill becomes especially important during presentations or discussions of financial strategies where clarity can influence critical decisions.
Interpersonal skills are equally crucial. Building relationships with clients, colleagues, and stakeholders is an important aspect of any finance role. Finance professionals need to foster trust and understanding to work effectively in teams or negotiate with clients. In Peoria, where the finance community is closely-knit, networking skills enhance one’s job prospects significantly.
Technical Proficiency in Financial Software
In today's data-driven finance environment, technical proficiency in financial software cannot be ignored. Professionals are expected to use tools such as Excel, QuickBooks, and SAP to automate tasks and streamline processes. Familiarity with data analysis software like Tableau or programming languages like Python can also give candidates an edge in the job market.
For potential job seekers in Peoria, enhancing technical skills is highly recommended. Proficiency in software directly contributes to productivity and efficiency, allowing professionals to focus on higher-value tasks. Moreover, it enables finance workers to manage large datasets effectively and deliver actionable insights, which are crucial for business decision-making.
"In finance, mastery of technical tools and software can elevate your ability to generate insights from data, leading to better decisions and improved job performance."
In summary, honing these essential skills is critical for anyone looking to succeed in the finance sector in Peoria. Developing strong analytical and problem-solving capabilities, effective communication and interpersonal abilities, and technical proficiency in financial software will not only enhance job performance but also improve career prospects.
Key Employers in the Peoria Area
Understanding the key employers in the Peoria area is vital when exploring finance job opportunities. The presence of significant corporations and regional businesses not only drives the local economy but also creates a diverse range of employment opportunities in the finance sector. These employers often have extensive finance departments that require skilled professionals to manage their financial operations, budgeting, and planning.
The advantages of knowing key employers include access to job openings, understanding the corporate culture in the area, and the possibility of professional networking. Candidates can tailor their applications based on the specific needs and expectations of these organizations, enhancing their chances of securing a position.
Large Corporations and Their Finance Departments
Peoria hosts a number of large corporations with significant finance departments. These companies often provide a robust employment framework for finance professionals. Major employers include Caterpillar Inc. and OSF HealthCare.
Caterpillar, a global leader in manufacturing construction and mining equipment, relies heavily on finance experts to analyze market trends, manage budgets, and support financial strategy. The finance department plays a crucial role in capital allocation and risk management within the organization.
OSF HealthCare is another major player in the region, as it operates multiple hospitals and healthcare facilities. Professionals in financial roles here focus on budgeting, regulatory compliance, and financial reporting.
These corporations offer various roles, from entry-level positions to more advanced ones, allowing individuals to grow within their finance careers. Working for such established companies not only provides job security but also enhances professional reputations through sheer association with well-recognized brands.
Local Financial Institutions
Beyond large corporations, Peoria also hosts a variety of local financial institutions that are crucial to the area’s economy. These include banks, credit unions, and investment firms, which play important roles in both personal finance and business finance sectors.
Heartland Bank and Trust Company, for instance, serves both individual and business customers. Their finance team often seeks professionals skilled in customer relations, loan processing, and risk assessment.
Additionally, Pioneer Bank and Bishop Financial Group offer careers focused on financial advising, loan origination, and investment management, which are attractive paths for aspiring finance professionals.
Knowledge of these local institutions is important for job seekers. They may find unique roles that may not be available at larger companies, often with a different work culture and opportunities for community engagement. Moreover, local institutions often emphasize personalized service, which can lead to more fulfilling interactions for finance professionals.
Networking and Professional Development
Networking plays a crucial role in the finance industry, especially for job seekers in Peoria. It involves building relationships with professionals in the field, which can lead to job opportunities and career advancement. In many cases, jobs are filled through referrals rather than traditional application processes. This highlights the importance of knowing the right people and having a robust professional network.
Having connections in the finance sector can provide insights into job openings and industry trends. Networking enables individuals to learn from those who have been in their shoes. They can gain valuable advice about navigating the finance job market. An established network might offer mentorship opportunities, which can significantly accelerate one's professional growth.
In Peoria, networking also helps to elevate one's presence in the local economy. Many businesses prefer hiring candidates familiar with the area. This local knowledge can provide a competitive edge.
Importance of Networking in Finance
Networking in finance serves several essential purposes:
- Job Opportunities: Many high-level finance positions are not publicly advertised.
- Knowledge Sharing: Engaging with peers allows for exchange of ideas and trends.
- Professional Growth: Relationships can lead to mentorships that enhance skills.
- Support System: Building a network creates a community of support during job searches.
Overall, engaging in networking activities can significantly improve your chances of finding suitable finance positions in Peoria.
Local Networking Events and Organizations
Peoria has several networking events and organizations that cater to finance professionals. Participating in these events can offer opportunities to meet potential employers and peers. Here are some local options to consider:
- Peoria Area Chamber of Commerce: This organization frequently holds networking events, which allow members to connect and collaborate on various projects.
- Peoria Financial Analysts Society: A professional group aimed at bringing together finance analysts for discussion and collaboration.
- Illinois Finance and Accounting Association: This association organizes events throughout the year that focus on financial topics relevant to local businesses.
Beyond these organizations, local universities often host career fairs and networking nights for students and professionals. Engaging with educational institutions can provide additional connections to the finance community in Peoria.
"Effective networking requires ongoing effort and a willingness to maintain relationships over time."
Job Search Strategies for Finance Professionals
Securing a position in the finance sector can be a complex venture, particularly in a specific local market. Developing effective job search strategies is crucial for finance professionals aiming to navigate Peoria's competitive landscape. This approach not only helps candidates identify opportunities but also allows them to present themselves in the best possible light to potential employers. The right strategies can lead to better job placements and ultimately, career advancement.
Effective Resume and Cover Letter Writing
Crafting a strong resume and cover letter is often the first step in the job application process. These documents serve as the initial introduction to a potential employer. Therefore, they must be tailored to reflect the specific job requirements and demonstrate the candidate's unique qualifications.
A well-structured resume should highlight relevant experience, skills, and accomplishments, particularly those related to jobs in finance. Here are some key elements to include:
- Clear formatting: Use a clean, professional layout that makes it easy for recruiters to read. Avoid overly complicated designs.
- Quantifiable achievements: Instead of simply listing responsibilities, provide concrete examples of your accomplishments. For instance, mentioning how you improved a financial process that saved time or money can stand out.
- Keywords: Incorporate industry-specific terminology relevant to the finance sector. Many employers use filtering software that scans for keywords.
Similarly, the cover letter should complement the resume by explaining why the applicant is suited for the role. It’s an opportunity to convey personality and passion for the field. Candidates should:
- Address the hiring manager personally to create a connection.
- Clearly express interest in the company and position.
- Use specific examples from their experience to illustrate capability.
Utilizing Job Portals and Recruitment Agencies
In today's digital age, job portals and recruitment agencies are invaluable resources for job seekers in finance. These platforms provide access to numerous listings and can facilitate connections to employers looking for specific skill sets.
Job Portals: Websites such as Indeed, Glassdoor, and LinkedIn are essential for searching finance positions. They allow candidates to filter searches based on location, job type, and salary range. Additionally, many job portals offer alerts for new job postings fitting specified criteria, keeping potential applicants informed.
- Networking capability: Many of these sites provide networking options, allowing users to connect with current employees or hiring agents.
- Company reviews: Users can also read reviews from former employees, giving crucial insights into company culture and work environment.
Recruitment Agencies: These agencies specialize in matching candidates with appropriate job opportunities. They can leverage industry connections to provide access to positions that may not be publicly advertised. For finance professionals, the advantages include:
- Personalized assistance: Recruitment agents often provide tailored advice on resume improvements and interview preparations.
- Market insights: Agencies can offer information on salary trends and company expectations, helping candidates position themselves effectively.
Challenges in Securing Finance Jobs
Understanding the challenges associated with securing finance jobs in Peoria is essential for prospective applicants. This section sheds light on various barriers that candidates might face while navigating the job market. Recognizing these hurdles is not just about knowing the limitations, but also about preparing to address them effectively. Being aware of these issues can enhance one’s job search strategies and ultimately increase the chances of success in obtaining a desired position.
Economic Variables Impacting Hiring
Economic conditions play a significant role in hiring practices within the finance sector. Factors such as inflation rates, interest rates, and overall economic growth can greatly influence employment opportunities. When the economy is robust, companies often expand, leading to a higher demand for finance professionals, as firms seek to manage increased revenue and investment activities efficiently.
Conversely, in times of economic downturn, companies may implement hiring freezes or layoffs. This can result in fewer job openings and heightened competition for those available positions.
- Unemployment Rates: High unemployment can indicate a saturated job market, where many candidates are vying for the same roles.
- Inflation and Interest Rates: Rising inflation can erode consumer purchasing power, thus harming business growth and finance hiring.
- Sector-Specific Trends: Certain finance sectors, like investment and corporate finance, may be more vulnerable to economic swings compared to others, such as essential service financial positions.
By understanding these economic variables, candidates can better time their job applications and align their skills with the current market needs.
Competition Among Candidates
The finance job market in Peoria also faces significant competition. Many applicants might possess similar qualifications, skills, and experience. This competitive environment can make it more challenging for candidates to stand out. Several factors exacerbate this issue.
- High Number of Graduates: Local universities regularly produce a significant number of finance graduates, contributing to an influx of new job seekers.
- Experience Levels: While entry-level positions are available, many companies prefer mid-level candidates with relevant experience. This can create obstacles for new graduates trying to break into the industry.
- Networking and Connections: Oftentimes, job opportunities arise through personal contacts and networking events. Candidates without an established network may find it tougher to access unadvertised openings.
To navigate this competitive landscape, candidates should hone unique skills and establish a strong professional network. Taking tailored approaches to applications can also make a significant difference, allowing individuals to showcase their distinct value.
Future of the Finance Industry in Peoria
The finance industry in Peoria is at a crossroads, influenced by various factors that are shaping its future. This section delves into the emerging trends and technologies, as well as potential growth areas that can redefine the landscape of finance within the city. Understanding these elements is crucial for job seekers, employers, and investors alike. Recognizing how these trends affect opportunities can guide newcomers and seasoned professionals in making strategic career moves within Peoria's finance sector.
Emerging Trends and Technologies
Technology is a driving force in finance, and Peoria is no exception. The adoption of automated financial services is gaining momentum. This includes software solutions like QuickBooks and advanced analysis tools like Tableau. These technologies help streamline operations, making them more efficient. Additionally, innovations such as blockchain are making inroads. While not mainstream yet, blockchain could transform areas like secure transactions and contract management.
Another notable trend is the rise of remote work. Many finance jobs are becoming less location-dependent. This opens doors for financial professionals in Peoria to work for firms based elsewhere, thereby broadening the scope of available opportunities.
Companies are also focusing on data-driven decision-making. The ability to analyze large data sets allows finance teams to make informed choices quickly. This shift emphasizes the need for finance professionals in Peoria to be adept in data analytics.
"The advancement of technology in finance is not just a change; it is a transformation that presents numerous opportunities for growth."
Potential Growth Areas in Finance
Peoria's finance sector is expected to witness growth in specific areas influenced by market demands and technological advancements. For instance, environmental, social, and governance (ESG) investing is on the rise. Investors increasingly seek to align their portfolios with ethical standards. This trend opens up positions in sustainable finance consulting, which many institutions are beginning to explore.
Moreover, personal finance advisory services are gaining traction. As individuals look for guidance on financial planning and management, the demand for skilled advisors is rising. Peoria can develop more financial literacy programs, which may lead to a need for professionals who can educate the community.
The healthcare finance niche is another potential growth area. With numerous healthcare systems in Peoria, finance professionals who understand the complexities of healthcare funding can find lucrative opportunities.
In summary, the future of the finance industry in Peoria is poised for significant evolution, presenting opportunities shaped by technology and changing market dynamics. Understanding these elements will help those involved in the finance sector enhance their career paths and contribute effectively to the local economy.
Finale
The conclusion of this article emphasizes the critical aspects of finance job opportunities within Peoria, Illinois. It is important to recap the diverse landscape of available positions, the educational requirements necessary for success, and the essential skills finance professionals need to thrive. Throughout this article, we discussed local trends as well as the various challenges and emerging opportunities that shape the job market.
Understanding the key findings about finance employment in Peoria can aid job seekers in tailoring their job search strategies. Moreover, recognizing the influence of local employers and the financial sector’s growth prospects gives valuable insight into potential career paths available for aspiring finance professionals.
Recap of Key Findings
- Diverse Positions: Peoria offers a variety of finance roles from corporate finance to investment banking.
- Educational Pathways: Relevant degrees and certifications are essential for obtaining jobs in this field.
- Skills Requirements: Competence in analytical thinking, communication abilities, and financial software proficiency are crucial.
- Emerging Trends: The finance job market is evolving with technology and sector growth in Peoria.
These points reflect the comprehensive nature of the finance job landscape. Keeping these insights in mind can maximize career potential and help individuals make informed decisions.
Final Thoughts for Job Seekers
As the finance industry continues to evolve, job seekers in Peoria should remain adaptable and proactive. Networking is a foundational element in securing good positions, along with staying informed about industry trends. Engaging in learning opportunities helps broaden one's skill set and makes candidates more appealing to employers.
- Prepare for Challenges: Be ready to navigate competition and economic shifts.
- Leverage Networking: Use local organizations and events to make connections.
- Continuous Learning: Keep updating skills and knowledge relevant to finance.
By consolidating insights from this article, job seekers can better position themselves in the competitive job market in Peoria. Success in finance not only relies on the right qualifications but also on being well-informed and connected within the local community.