Career Report: Finance And Business Analytics
As a child born in a Chinese financial family, I got influence from my father who is currently working as president of bank. Additionally, my parents always give all money I needed monthly. And I always get prized when I manage money appropriately. In fact, those prize given by my parents positive reinforced, which claimed by Freud in Behaviorism theory, my interest of finance. Hence, Banking is a dream for me since I was a little kid. As a result, I choose Finance and Business analytic as my majors. The reason that I do not choose banking as my major will be argued in the second part. As preference of specific area, I relatively want to work in investment department of commercial banks of China. Knowledge and skills of Business analytic also allow me to work in research department of these banks. High score of numerical test and analysis of big five of Trait-based models both indicate me that I have good logic and mathematical ability. My family banking background could become a good opportunity for me to get higher achievement in future I have also get several other strengths which contribute work in banking. Three example of my strength which are team manage ability, risk and emotional control ability, and resources implementation capacity of mine will be shown in the following three STARs.
STAR 1: Emotional intelligence, which measures how well people can manage their own and others emotions, was found as one of my strengths. There was an ASDAN Business Simulation competition held in Guang Dong. Six students, including me, are selected to attend the competition. Some of other students have higher English presentation skill than me, some of them have better mathematical processing ability than me. However, I was spuriously chosen as the leader of whole group. Before the beginning of competition, one round operation without data record was held in order to show how competition works to each team. We got bad performance at the mock operation, because everybody was not working well and unhappy when they are working together. I found that all of my teammates were too outstanding to cooperate in single task together. Thus, I divided my team to two group, one of them responded to operation stage, another group responded to presentation stage. Deeply, I send each of my teammate their personal task based on their advantages and interest. As a surprise, everyone was happy with their job they got. After a week’s intense working. We won all of the stages’ best certificate and championship with 130 million profit，which had absolutely advantage compared to second place company’s 15 million profit. I found that I have ability to know and manage how people feel. And also, I can utilize their interest and advantages to bring maximum benefits.
STAR 2: During the internship in China Everbright Bank, I found the that I am able to implement resources that I have and what I learn to real working situations. I got the risk analysis task of X company’s pledge of obligation. I proceed basic data calculation and interpretation smoothly until I couldn’t find specific number of capital stock in circulation and Pledged share capital which are both very essential for the risk analysis report. Normally, both of two information can be easily found during company’s financial report or management report. However, X company’s reports could only be accessed with authorized accounts. I recall that my friend was having internship in a stock exchange. I believe stock exchange company has database big enough to store information that I want. Thus, I called my friend immediately and try to get information. Hopefully, my friend was able to access all data of X company and give me all the information. As a consequent, I finish my investigation and report successfully. The successful result of internship indicates me that I have resource implementation ability.
STAR 3: I found I have outstanding social cognitive ability, which claimed as the ability to recognize and response with people’s emotional states in different situations by Boston university public health center. I was chief of financial department of my high school’s student council. An Encyclopedia knowledge contest was hold which cost thousands Chinese yen to buy prizes. Unfortunately, our budget was not enough at that time. Hence, I had to find sponsor to support our event by myself. My department’s staffs quickly targeted a pizza house called ‘Wow’. Soon, I got contact to the owner of ‘Wow’, and then, I met him in person. When I was talking about my high school which is international school, I found the owner became really interested. His voice became louder and his attention became more focus. Hence, I emphasize that my high school is high attached with Chinese foreigners. As a result, the owner accepted to be our sponsor because he wanted his pizza house to get more foreign culture. It is amazing that I used my social cognitive ability to get a sponsor.
Specifically, I am planning working at commercial banks of China after graduate. I set my career as three stages for measuring because of goal setting theory argued in the book called The power of small wins. It is argued by Teresa that small progress can give people huge motivation of working. To begin with, I will go to Beijing or Shanghai to apply post of investment risk management and research department of Agricultural bank of China which is currently lack of 76 staff in the department. Secondly, the chief or co chief of department is targeted by me after working of four to five years. At the final stage, I will go back to Chengdu, where is my hometown, to work as president of bank or other management member. My plan is hard, but attainable. It is highly possible for me to work in a statistically research department with my Business analytic knowledge.
Furthermore, Finance major can make me to fit Banks’ work easily. The most difficult stage to attain is second one, I need to work as a very high professional staff to make some achievement in the department. Once the second stage is achieved, a subbranch ‘s president could be easily attained since I am from main branch of the Bank. Banking is highly relevant to me because my family background and my majors. The whole plan should be complete by myself after graduated in fifteen years. There are five important values for myself, having a fun life, being wealthy, appreciation of beauty, seeking meaning of life, and maintain safety and support my loved ones. The core value and most motivation for me is maintaining safety and supporting my loved ones. There are only two moral principle in my life：“Never betray friends”, and “Family first”. With respect to these two rules, I believe I can adopt very aggressive earning management behavior in my working. It is argued by Greenfield and Wier that nor all the the companies are likely to adopt aggressive earning management. However, banks are companies which should adopt highly rational and aggressive earning management. As a result, my personality should are perfectly matched with my career goal.
The several strengths of mine, advance emotional intelligence, resources implementation ability, and social cognitive ability are all engaged with banking. When any investments are proceeding, banker need their risk controllability to decide if the investment is good; using resources implementation ability to gather information behind a project; and using cognitive ability to deal with borrower or customers; and, of course, emotional intelligence is important for getting every job down. Because I believe everything is right to do when benefits exceed costs and risks, I will face less struggling when I am having ethical dilemma. However, people sometimes make mistakes when they only implement pure rational decision without considering of human feelings. Being a banker is not only my career goal, but also my life goal. Hence, I can get fun and seek my life meaning and value whenever I move forward for one step in my career. With high income of financial work and higher social ranking, I can give my family whatever they want. Additionally, I can protect my loved ones when they are facing difficult situation. Furthermore, with financial freedom, I could travel around the world or do my favorite sports frequently. In fact, financial system is working for macroeconomy. As a result, further understanding of economic area is essential for my future career plan. I am watching economic magazine to catch up newest economical knowledge. And economic courses of Sydney university can be chosen by me to get further understanding of economics.
In conclusion with Swot analysis, I have several internal strengths to fit my career goal, such as good social cognitive ability and fitted ethical principle. I also got my family background as my biggest opportunity. However, lacking political knowledge and having aggressive working moral code could become my weakness in financial working. Besides, growing Business major people and badly running economic system of china could be my biggest threats in the future.
