Term Paper on "Career Planning"

Term Paper 4 pages (1233 words) Sources: 4 Style: APA

[EXCERPT] . . . .

Investment Banker Plan

Traveling throughout life without goals and objectives can leave a student of business lost and without a practical purpose. Before moving forward in one's career path it is often necessary to look back upon past successes and failures to give context and shape to the future. The purpose of this term paper is to evaluate my current career path of investment banker and discuss the alignment of this selection with other parts of my personality. This essay will then discuss the necessary steps that still need to be taken by myself in order to sustain my effort towards my career objectives. These steps will be displayed in a both a short-term (6-18 months) and long-term (2-5 years) fashion. Finally a summary about this discussion will conclude with my own learning points I absorbed throughout this process.

Where I Have Been

In order to understand my position in life and how this position relates to my career of becoming an investment banker it is necessary to rate my current career performance. My current position working in a commercial bank is a good place to start in the banking field. During this time, I have learned the ropes about banking principles. More importantly however, I have learned the fine art of customer service and how my behavior and sales acumen contribute to me and my company's success in this area of business.

Banking has seen many changes in the last few years, and I have been lucky to have been witness to this evolution. King (2012) suggested that "investment banking is very broad, so you could find yourself gaining experience in everything from the back office to HR, finance and it." This exposure appears to have helped me on my career path and has given me some solid background on which I may base my future objectives upon.

Attaining my MBA has been more enjoyable and more practical than I orginally thought it would be. I have learned much in both specific and general ways of applying myself and my academic skills towards my career path of becoming an investment banker. This preparation appears to be very necessary. Stephenson (2012) described investment banking as heavily dependent upon the skills just mentioned. She suggested that "However, its definitely not a career choice for the faint hearted. Intense pressure to get the deal done, and long business hours, mean that personal and leisure time are often sacrificed. And while tremendous rewards await those that reach the top of the profession, it's a very steep climb to get there. For those who leave, a tour-of-duty at a 'Bulge Bracket' Investment Bank serves as a world-class training ground for other professions, and an impressive addition to your resume."

Where I am at and What I need to Improve on

It appears that I am on somewhat of a clear pathway towards achieving my goal of becoming an investment banker. Since I am not there yet, there are things I still must address in order to keep improving and developing my profession. The current status of the profession has receded in popularity in recent times marking an important learning point for my development to expect both good and bad times within this particular sector. Rosenthal (2013) agreed with this summary. He wrote that "in banking, 2012 was the year in which pay and bonuses fell sharply for the first time in many. Yet 2013 will be known as the year in which many leave the industry altogether. Pay will fall further, and jobs will become harder to find, but -- most of all -- bankers will throw it in after having had enough of enduring the embarrassing silences that arise… READ MORE

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