Creation of a Job of an Investment Banker after Graduation - Admission/Application Essay Example

Creation of Job after Graduation Contents Contents 2 Main Document 3 Delivery Document 5 Context Document 5 Works Cited 8 of the of the Professor Course Number Date Creation of Job after Graduation Main Document Over time, scopes of activities undertaken in developed nations have substantially revolutionized. At this juncture, monetary sector of any economy is the pivotal institution formulating long run growth of an economy. Individuals should use their academic knowledge and skills to suffice their own vested interests and simultaneously, cater to the betterment of his homeland. As natives of China, it is our duty to ensure that our country grows in the long run and prospers in the dynamic world, by efficiently competing with all other potential developed nations in the world. China is considered as one of the budding economies of the world (Bose 156). Since the last decade, China’s growth has been the highest among all developed and developing nations across the globe. This significant progress of the nation could only be experienced with the strong assistance of an efficient investment banking sector. I am a student of Finance and right from the years of high school and graduation, I have desired to become an investment banker in my country. This is the reason why I had started to work in an internship program as a bank loan officer in this sector. The loan officer has the duty of offering loans to productive investors in the market. In my work, my primary duty was to scrutinize the loan pay back capability of a borrower in my bank (Mankiw and Taylor 67). It was highly rational for my part to begin my career with this profession as the duty of an investment banker is quite similar to that of a bank loan officer. An investment banker, in a banking institution, makes consumers (bank depositors) invest their money indirectly or directly in several marketplaces. In this era of globalization, real value of deposited money of consumers is constantly falling, along with a significant rise in rate of inflation. At this juncture, depositors highly seek the help of investment bankers in order to channelize their savings in productive investment programs, which helps in multiplying their savings. Moreover, an investment banker assists government and public authorities to raise fund for future growth. It is also the duty of such a banker to encourage budding entrepreneurs in business by helping them to accumulate finances through the issue of bonds, securities, mergers, acquisitions and IPOs. Thus, from the above analysis, it is clear that an investment banker plays a significant role in stimulating long-term progress of a nation. Even so, my desire to become an investment banker is not solely for the benefit and progress of my country. I also have an indirect personal motive or interest for this decision (Woodford 155). It is highly rational for finance students to adopt investment banking as their profession. I have taken the decision to become one in future because this profession would offer me various challenges in my banking career. By facing such challenges, I would gather knowledge about the ins and outs of the subject of corporate finance. A good knowledge in corporate finance would make me well-equipped with analytical skills, which would be highly valuable in the business field. I feel that my knowledge in finance can be effectively used, only if I can become an investment banker in my country. I have gone through several difficult academic texts and theories in finance, in both my student and college life and all those efforts towards learning them would be futile, if I am unable to apply them in my professional life. Investment banking is the exact profession that would require proper use of my academic skills and knowledge. I am a hardworking student and desire to adopt a profession related to my subject, finance, such that in the term of my duty, I would be given a chance to face upcoming hurdles, which would be provided by consolidation and globalization. Furthermore, since responsibilities of an investment banker are huge, the financial and non-financial remuneration, which he would receive from such a lucrative profession, is also massive. I need to consistently try to earn more for sustaining a better livelihood (Bhatia 132). Therefore, investment banking is the best profession for me, as it would offer work of my interest and provide me with good monetary remuneration. Last, but not the least, investment banking is a very respectable profession in the domain of banking sector. If I am offered a chance to work under such an honorable position, then I would surely justify my self-esteem (Baumol and Blinder 145). Delivery Document To the receiver, I write this letter to you as a humble request. I earnestly request you to hand over the main document to those interested employees, who are sincerely interested to pursue investment banking as a career. This document would be highly valuable for these enthusiastic workers. The profession of investment banking entails great power as well as responsibilities. It is true that employees, who get a chance to work under such a prestigious designation, would surely earn more. However, duties and tasks to be borne by such a professional are also very complex and critical. The main document contains all detailed information regarding this profession. After studying this document, the interested employees or individuals would be able to assess the value and worth of the profession. There would surely be some individuals who would withdraw themselves from taking up this profession. This does not imply that the main document upholds and demands certain aspects, which would discourage the interest of these individuals. They would probably back out owing to the fear or dislike towards activities that are necessary for a professional in the banking sector. Nonetheless, there would surely be a large number of individuals, who would strengthen their self-belief and courage, after reading this document. At the end, I am definite that you will only win those professionals who are capable of realizing worth of the position. These professionals would then prove to be some of the most efficient investment bankers in your organization. Hope you will look into the matter. Thanking You, The Customer Context Document To the receiver, China is a booming country in the global market. The high population of the nation is a major drawback for its long-term economic growth. If China desires to sustain its current position of being the highest growth achiever in the global market, then it must formulate strategic methods to augment the level of domestic investment. The country already has immense opportunities in the field of foreign investment. However, it should be recognized that if extensive foreign investments are encouraged in the nation, then it would harbor a foreign led economic growth (dependent growth). Such growth of the nation would be highly volatile in nature and would likely fall, if a foreign nation’s economic system collapses. Thus, it is rational for China to encourage productive domestic investments. The context of this paper is dedicated to all young finance students or professionals of China. As a citizen of the country, such individuals have certain responsibilities towards their nation. The project directly and indirectly explains the worth and importance of the profession of investment banking, in the present scenario. The context of the paper might inspire many, among the targeted young students and professionals, to undertake this profession. This would, thus, help to increase the number of new investment bankers in China. After becoming an investment banker, these professionals can apply their skills of finance to stimulate productive investments in the country. Furthermore, in course of their action (as an investment banker), they can experience success stories, which might again facilitate future students to become investment bankers. It should be noted that in the long run, China can grow with the essence of productive investments. After all, with help of domestic investments, the country can enjoy a stable growth in the run. This would not only help to upgrade the quality of economy of the country, but would also help in improving socio-cultural parameters of the nation. Hence, it is highly rational to encourage new professional entrants in this field, as this additionally justifies the choice made by the researcher to choose this subject. The researcher did not include case studies related to investment banking of other countries or companies, like, Goldman Sachs, Morgan Stanley or Blackstone Group. This is because; success or failure story for U.S. or U.K. might not be applicable for the economy of China. Moreover, context of the paper is written with an optimistic attitude because a pessimistic view will probably discourage individuals to undertake their desired profession in future (Bagchi 222). This paper was written in a self-reflective format because only a student of finance, aspiring to become an investment banker in future, would be able to convey the real pros and cons associated with the profession. Nonetheless, the framework is always written in an open-ended manner because ultimately, the researcher does not intend to coerce anyone into undertaking the profession of investment banking. The supreme decision rests within the individuals or respective finance students. Hope you will understand the value associated with the project. Thanking You, The Customer Works Cited Bagchi, Amiya Kumar. The Political Economy of Underdevelopment. Cambridge University Press, 1982. Print. Baumol, William Jack and Alan Stuart Blinder. Macroeconomics: Principles and Policy. Connecticut: Cengage Learning, 2011. Print. Bhatia, S. Kedar. Human Resource Management: A Competitive Advantage (Concepts, Strategies, Challenges). New Delhi: Deep and Deep Publications, 2006. Print. Bose, Chandra, D. Principles of Management and Administration. New Delhi: PHI Learning Pvt. Ltd., 2002. Print Mankiw, Gregory N. and Mark P. Taylor. Microeconomics. Connecticut: Cengage Learning EMEA, 2006. Print. Woodford, Micheal. Macroeconomics. New Jersey: Princeton University Press, 2003. Print. Read More