How to specialize in financial translation? Автор темы: Annie Sapucaia
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Annie Sapucaia 
Канада
Local time: 18:21
французский => английский
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Hello all,
I've been translating for about four years, but I've mainly done general translations in a variety of areas. I've come to realize, however, that specialization is key in this profession. I'm very interested in financial translation, but I do not have a background in that area (I studied sociology...which to the best of my knowledge isn't really considered an area of specialization in translation).
I was wondering if you had any tips on how I could enter... See more Hello all,
I've been translating for about four years, but I've mainly done general translations in a variety of areas. I've come to realize, however, that specialization is key in this profession. I'm very interested in financial translation, but I do not have a background in that area (I studied sociology...which to the best of my knowledge isn't really considered an area of specialization in translation).
I was wondering if you had any tips on how I could enter the financial translation market? Would this be possible for someone coming from the social sciences, and if so, are there any courses or plans of action that you would recommend?
Thanks in advance! ▲ Collapse
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the financial press and investment funds' prospectuses, you will notice they are all based upon the same structure and terminology.
Bonne chance
| | | | Josephine Cassar
Мальта
Local time: 00:21
Член ProZ.com c 2012
английский => мальтийский
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| Read about investments, financial news | Aug 21, 2013 |
Read adverts in newspapers, ask the Resources Authority of your country-I could not tell from where you come. But financial news in newspapers will give you an idea of bonds/shares, go to banks, ask for brochures/info about investing/borrowing, so you get an idea. You will get into the lingo and then read articles, news. Gl
| | | | Kim Metzger
Мексика
Local time: 17:21
немецкий => английский
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| Formal education in a related field | Aug 21, 2013 |
If not expensive and time-consuming enough to make it unfeasible. The degree would enhance your credentials and reflect on your attractiveness to your clients, so there would be more to it in economic terms than simply learning the knowledge. Otherwise, I would look for reliable resources for self-teaching, with or without courses taught by trainers on particular stages. Much depends on your learning style there.
| | | | The Misha
Local time: 18:21
русский => английский
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| You cannot specialize in finance if you don't know any | Aug 22, 2013 |
Łukasz Gos-Furmankiewicz wrote:
If not expensive and time-consuming enough to make it unfeasible.
Take it from someone who did it: it won't be inexpensive and it sure will be time-consuming. Plus, if you do go about getting that formal degree you may actually decide you want to stick around that field because let me tell you, pay is infinitely better there.
Alternatively, on top of everything else that's been said here so far, if you don't really want to go into finance full time, get yourself a subscription to Forbes, Money or any of that ilk that may be easily available in your country. Read them all for a year, from cover to cover. That should get you a head start. On top of that, open yourself a brokerage account if you don't yet have one and start day trading a little. If you don't have the money or guts enough to put on the line, you can always do it in the demo mode just to have a feel of the game. Back in my time, I did that too and learned just about as much as from getting an MBA. But more importantly, make sure that this is something you are interested in because it is very easy to tell who really knows the stuff and who is getting his or her revelations from Investopedia or any other such good book. If you have no interest in finance, it probably won't work and you'd be better off sticking to what you really like. Like, sociology, perhaps? Good luck to you.
| | | | Annie Sapucaia
Канада
Local time: 18:21
французский => английский
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Автор темы
Thanks so much for all your replies. I will definitely subscribe to magazines and take as many courses as I can (I'm in Canada), as well as read that introduction, Kim!
In terms of specializing in what I already know (Sociology) - it just doesn't seem marketable to me. Who would need sociology-based translation, and particularly into English? Am I missing something or is there really not much of a market for translation in the social sciences?
Thanks so... See more Thanks so much for all your replies. I will definitely subscribe to magazines and take as many courses as I can (I'm in Canada), as well as read that introduction, Kim!
In terms of specializing in what I already know (Sociology) - it just doesn't seem marketable to me. Who would need sociology-based translation, and particularly into English? Am I missing something or is there really not much of a market for translation in the social sciences?
Thanks so much for your help, lots of food for thought. ▲ Collapse
| | | | | Which area of financial translation do you want to focus on? | Aug 24, 2013 |
The article by Robin mentioned above is a good one, but remember that it was written in 2000 - a lot has changed since then (no more US GAAP in European companies; IASs/IFRSs, etc.)
There was an article recently in The ATA Chronicle ("Hot Topics in Financial Translation" by Javier Gil) that broke down the categories of financial translation well, I thought:
Accounting
Auditing
Banking
Business services
International trade
International inst... See more The article by Robin mentioned above is a good one, but remember that it was written in 2000 - a lot has changed since then (no more US GAAP in European companies; IASs/IFRSs, etc.)
There was an article recently in The ATA Chronicle ("Hot Topics in Financial Translation" by Javier Gil) that broke down the categories of financial translation well, I thought:
Accounting
Auditing
Banking
Business services
International trade
International institutions
Financial services
Insurance
Investment management
Public sector
"Financial translation" is a term that is used pretty broadly. You might try to get a reprint of the article for a good overview of this market/these markets. That would help you focus in on what type of training you might like to get. Good luck! ▲ Collapse
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| PS Training does not have to mean a degree | Aug 24, 2013 |
Besides self-study, I am sure there are shorter courses in Canada or online that would help you achieve this goal. For example, I am interested in branching out into legal translation, so I am taking courses toward a paralegal certificate (a far cry from a JD, but sufficient for my purposes).
| | | | Annie Sapucaia
Канада
Local time: 18:21
французский => английский
+ ...
Автор темы
Thanks so much, Daina. That's a great list and I will definitely look for short courses that will help ease my way in. 
| | | | | market reports | Nov 11, 2013 |
don't forget market reports. I work for an agency that specialises in banking and financial translations. Market reports are huge and finding good translators, at the right price for an agency, can be quite tricky. I think you are doing the right thing by specialising. It will make you stand out, and in general, financial translators are paid quite well. At least over here.
| | | | Diana Obermeyer
Великобритания
Local time: 23:21
Член ProZ.com c 2013
немецкий => английский
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Distance study courses are often affordable, but if you are not really looking for a qualification, but simply find your way around the field, why not take advantage of the ever increasing range of FREE courses via Coursera? Many come with good tutor support and they have active forums.
As for "proper" courses - you can take most on a modular basis and many universities let you do 2 or 3 modules as an external student, using a pass in these as an entry requirement for the degree/dip... See more Distance study courses are often affordable, but if you are not really looking for a qualification, but simply find your way around the field, why not take advantage of the ever increasing range of FREE courses via Coursera? Many come with good tutor support and they have active forums.
As for "proper" courses - you can take most on a modular basis and many universities let you do 2 or 3 modules as an external student, using a pass in these as an entry requirement for the degree/diploma/certificate program. Shop around a bit, as prices vary wildly between universities. ▲ Collapse
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