Financial journalism
Financial journalism specializes in business journalism . In financial journalism, journalists deal with developments in the stock , bond , foreign exchange and commodity markets . However, the various options also play a major role in investing money correctly. The specialists provide both comments and recommendations on how and where the investor could best invest his money. "Financial journalism should therefore create a professional and critical public on all topics relating to the procurement and investment of money," says Volker Wolff in the book Financial Journalism.
content
The topicality plays a big role in financial journalism, since the stock market changes every hour. Financial magazines such as Capital and Finance Magazin are very special interest magazines for which financial journalists work. The latest information from the financial market is dealt with in these sheets. The job of a financial journalist is to bring complicated market relationships to the broadest possible audience in an understandable way. Almost all journalistic forms of presentation are suitable for the articles. Often it is comments or editorials in which the financial journalists express their opinion on what is happening.
Research
As in all journalistic departments, adequate research is essential in financial journalism . Of course, the Internet has become indispensable here, but it should not be forgotten that the Internet only establishes the connection as evidence and does not serve as evidence itself. Financial journalism often relies on companies themselves to tap into explicit news . This happens through lively contact with the press office of the respective company. But contact with stock market specialists and your own know-how with regard to financial topics is also incredibly important. A distance to the press departments is still inevitable. Information that comes from companies should never leave the editorial office without reflection . Analysts in particular try to include well-disguised advertising in their texts. However, these are often only discovered by very experienced and well-trained specialists.
education
There is no separate training to become a financial journalist. Due to the very complex fields of knowledge in financial journalism, it is essential for those involved to have broad knowledge in this industry. A degree in economics and a subsequent traineeship in a business editorial office , for example, could be the first step into financial journalism. The Financial Journalism Handbook is also a great way to get into the world of financial business.
Awards
- State Street Prize: The State Street Prize for Financial Journalism has been awarded since 2005. The prize is awarded for contributions that are directly related to institutional asset management.
- Media prize for financial journalists: The media prize for financial journalists has been awarded since 2002. Contributions that deal with banking and financial issues are honored.
literature
- Markus Kaiser (Ed.): Special Interest. Departmental journalism: concepts, training, practice. Econ Journalistische Praxis, Berlin 2012, ISBN 978-3-430-20145-2 .
- Gabriel Reckinger, Volker Wolf (Ed.): Financial journalism. UVK Verlagsgesellschaft mbH Handbook for Journalists, Konstanz 2011, ISBN 978-3-86764-253-8 .