Career Management Analysis

Career Management in Business (HR2012

LEVEL 2

PERSONAL DEVELOPMENT PLAN

Student Number

Career aspirations

I wish to follow a career path as a financial advisor or financial planning consultant . Having just embarked on work in the field , I am open to the prospect of pursuing alternative career paths as either Financial Analyst ' or Personal Financial Advisor

Either way , I can see that I will undertake analysis of financial instruments and give guidance on investment decisions . In any case , I am also excited by the dynamism of the field . Financial

planning is a really new occupation and roles are still being defined , even in the financial powerhouses of the City . Oh , there is a core of competence The established investment advisors and private banking professionals have most of the technical skills but there is a great deal of pioneering , defining their own roles , searching out markets , packaging innovative products and services as they go along . Being part-pioneer suits me , a young person with nothing and no one to hold me down and take time away from pursuing what could be a very lucrative career

At the same time , there are risks not only in being one of the pathfinders for my intended profession but also in point of the character of many financial services verticals . In my reading , I have come across grievous financial reverses , institutions that collapsed and trusting workers that were let go through no fault of their own Regular banks , investment bankers , wealth management companies securities underand traders can have the brightest people in the world and solid financial reserves but they are often buffeted by forces beyond their control and difficult to predict . A client company can go into insolvency , there may be concealed boardroom shenanigans , market confidence may be shaken to the point of panic sell-off 's , exchange rates may suddenly alter , and war half a world away may send tremors through the financial centres of Europe . So jobs can hang in the balance . This is no lifetime sinecure

For the short to medium term , I hope to counter inherent instability by joining a firm that pursues enlightened human resource management policies and manages a very broad asset base , in the hundreds of billions if at all possible . An example of stability in this regard is the publicly-traded Black Rock , with more than 1 trillion in assets under management and , by all accounts , one the largest investment management companies around the globe . As to human resource management I would look favourably at a company that maximises training and career development by being open to the idea of moving deserving staff through every key area of the firm . I should like operational exposure to Investment Banking , private banking in terms of Domestic and Continent-wide Wealth Management , International Currencies and Bonds Trading , and Investment Management , as well as the reality of interfacing (and satisfying ) private clients , small businesses , and institutions and corporations

Given the risks I face in a financial planning career , I shall be alert to...