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Learning journal - Essay Example

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Strategic Learning Financial Analysis Skills University’s Name Submitted by Names: Tutor: Date Introduction In current age and era, personal skills play an important role for success, hence the need to nurture and continually sharpen them. This is significant in order to make a breakthrough in the market given that jobs nowadays are more competitive than ever…
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Learning journal
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Download file to see previous pages Personal goal(s) setting gives a sense of direction in academics and helps to avoid distractions as they help to motivate the student and also raise the confidence level of the student a notch higher. The goals set should be sharp and clearly defined, goals the student can use to assess forward progress; how much do you want to earn and by what stage? What are the means or ways of achieving this? These among others are the questions that such a student asks himself. Then the best alternative is picked and focused on; it is also helpful to look at the successful individual in the field and borrow a leaf of what led to their success. Financial analyst in this case need to be vigilant always, having information on their fingertips regarding the economic situation regarding macro-economy, information on specific companies, fundamental micro-economics as well as read a lot widely so as to viable in the market. Background Data from the Bereau of Labor Statistics indicates that financial analysts positions are expected to grow by 23 % between 2010 and 2020, this means 54,200 positions will open up. However, completion for the positions is fierce especially for new analyst hence the need to be relevant so as to be absorbed readily in the market. This means establish a student needs to establish his strengths in the field and polish them to be the best he can be. Median annual earnings in 2011 for financial analyst were $75,650 with the lowest paid 10 % earning $46,300 and the highest- paid 10 % earning $ 145,580; on average the highest paid in the profession work is Bridgeport Conn., New York City and San Francisco. According to research done in Hollywood, it portrays input of long hours one in three put 50-70 hours a week hence need for dedication and readiness to deliver. Among the extra skills needed in the field includes time management since the field is demanding as well as the readiness to work for long hours to reach a target and ensure client’s satisfaction. Skills Analysis According to Mayes and Shank (2010, p. 2), proficiency in the use of software applications relevant to the field is one of the basic requirements which offer a stepping stone for a start in the field. Technology chances with time hence the need to be aware of the new applications and how to put them to use in the field. This can only be known if one makes the effort to go out and seek the information through the internet or reading the latest journals relevant to the field e.g. The Wall Street Journal, The Financial Times, The Economists as well as other also financial websites which contain the information. Mostly the successful analysts in the field have to incorporate simple computer skills that are important during presentations and analysis. The use of spreadsheets, databases, PowerPoint presentations and other software applications are simple but essential tools for a successful financial analyst in the field today. Not only does a financial analyst need to put long hours in the practice, it is also essential to develop interpersonal relationships with other successful financial analysts who have the ability to mentor him in the same field. Interpersonal relationships nay also include relationships with supervisors and other junior analyst who may play a role in the social life of such ...Download file to see next pagesRead More
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