Personal Development Planning - Admission/Application Essay Example

PERSONAL DEVELOPMENT PLANNING Name: Course Instructor’s name Institution Date PERSONAL DEVELOPMENT PLANNING Your choice pathway and its link to the acquisition of employability skills Foreign exchange is categorised as one the most liquid financial market since its trading is on a global level scale, on the other hand, this has earned it recognition as one of the world’s fast-paced markets. Large corporations, financial institutions, central banks and other individuals have discovered forex trading in the currency market as a great niche to boost one's income. This is the reason why I choose trading cryptocurrencies as one of the pathways to pursue in the course of gaining an income and also gain employability skills. The second pathway that I chose in obtaining these objectives is pursuing a Finance and Business degree course. This boosted my span of opportunities which vary from corporate and international organizations and financial intermediary job opportunities. However in pursuing this degree course, I was instilled with some fundamental employability skills which complement the skills attained while am doing part-time forex trading. This paper, therefore, links my choice of the pathway to the acquisition of various employability skills. Trading cryptocurrencies require one to have outstanding analytical skills which ensure that one is in a position to argue and debate the outcome of currency while trading. This entails Interpretation of complex material, picking out inconsistencies in once reasoning and analysing data on an experts point of view. This helped me sharpen my analytical skills which a fundamental employability skill especially in the finance industry. In analysing the forex charts I was able to note a currencies performance trend, therefore, enabling me to predict its future performance. Similarly, this skill in the job market context will enable me to analyse the performance of a company or corporate. On the other hand through in-depth market analysis where one monitors breaking currency news in an effort to predict its current market is and its future performance. These skills exhibited in the market's current analysis will help in financial analysis in the job market where analysis is conducted to come up with a recommendation of organizations financial goals. This, therefore, helps in the attainment of this employability skill. Since trading cryptocurrencies, one is required to make traded on multiple currencies in order to make a sustainable income one has to have exemplary decision-making skill. This entails deciding whether to go for that high-risk trade or to opt out, generally in all trades a trader is required to make a decision one way or another (Luther, 2015). This, therefore, calls for one to have excellent decision-making skills this degree course make a sustainable profit. In the course of trading cryptocurrencies, I was able to work on my decision skill through everyday trading which helps me sharpen this skill. In the finance industry, this is a fundamental skill since it entails analysis various financial sources of a company which will determine the strategies you decide to pursue in order to achieve financial success for the company. With good decision-making skills, one can ensure that a company’s financial performance is remarkable through choosing to pursue the strategies that best fit the company. Pursuing a finance and business is another pathway that I took up which helps me in the acquisition of employability skills. Some of the major jobs in line with this course fall into the fallowing industries; banking, fund management, insurance, trading and actuarial. This course instilled me with some fundamental skills with are helpful in sailing through these career professions. Numeracy is one key skill that I was instilled pursuing this course. Through long hours of study and training, these degree course in Finance and business help me sharpen my numeracy skill which a must have employability skill in this profession. In line with numeracy skills analytical skills were also taught in this course, these two skills complemented each other therefore making them a must- have in this profession. I was taught how to read the financial statement and a company’s financial books and how to use the data retrieved in analysing the company’s performance. This skill form the basis of careers that relate to finance therefore this makes it a must have for any individual intending to pursue this career. Taking up these pathways has bridged the gap for the attainment of these employability skills in finance related careers. However since there is need of these skills being put to test the gap on the future perspective scale, therefore, seems to be a bit wider. This is due to lack of fast hand experience in implementing these skills A specific regent’s academic example (with reasons for your choice and its link to employability skills) A bachelor's degree in finance and business is the best academic preparation for an individual who wasn’t s to pursue a career in the finance Industry. These degree programmes will give the candidate some crucial skills which can gain one direct entry in career positions such as; banking, accounting, and tax preparation. It will also provide qualification for a wide range of opportunities ranging from private, public and non-profit organizations. My three-year pursuit for this undergraduate degree focuses on skills that boost my productivity in a successful career in various areas such as; commercial banking, money managing, financial planning and investment. Through instilling these skills this course supplement a wide range of fundamental business knowledge. My University uses project-based model which played a huge role in boosting my collaborative problem-solving skills through implementation of the taught skills. Through detailed lectures and frequent assessment test I was able to grab the taught skills effectively. This type of learning also boosted my knowledge gaining helping me know all matters around these instilled skills. For instance on the numeracy skills gained through course work I was able to polish my mathematics and calculation skills which fall under this major skill (Luther, 2015). Being the basis of all financial careers I choose this path since it was a huge step toward ensuring that I was a fully baked professional at the end of my course. Secondly I chose this path since having numeracy skills is a certification in this profession. On the other hand numeracy is a skill that forms the basis of all other skills therefore it complements a whole lot of other important skills in finance careers. The attendance of analytical skills is the major factor that made me choose this path. Analytical skills is one that a very hard for on to earn entirely it requires constant studies, dedication and passion on to attain it. This is why it this course takes 4 years which ensures that on completion the skill is on the learner’s fingertips. The bachelor’s degree in finance and business coursework provided me with an in-depth understanding of the dynamics in finance. Through this I learnt how to use computerized financial programs and read a wide range of financial data and interpret them. My analytical skills were tested through the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) exam (Luther, 2015) s. On the other hand I choose this path since it offered vital lesson on information evaluation using various financial models and methodologies. The other factor that led to the decision of choosing this path is the good earning potential which comes with this choice of course. The course also offers one with opportunities to work with reputable international originations offering one a decorated career in finance. Gauging by the learnt employability skills eared from this degree course and diversity of the finance industry I think the gap of my currently learnt skills and those I need to learn in future is quite big. Compared with current changing dynamics in finance related careers I think there are a lot of skills that I need to learn in the future. Specific vocational example (with reasons for your choice and its link to employability skills) Forex trading is liquid earning prospect which has been growing in popularity over the few years. For effective trading which guarantees some sustainable profit a number of skills have to be earned and implemented. I choose this pathway since it complemented the skills acquired from the Finance and Business course. For instance analytical skills learnt from the course, I pursue could be best put to use by analysing in cryptocurrency trading. This entails reviewing news articles and currency performance chart in order to make profit guaranteeing trades. Computerised analysing skills learnt in the degree course also be put in use in forex trading. I, therefore, choose this pathway since it would help me hone my learnt skills in my degree course. On the other hand, this pathway would boost the attainment of other skills which are got from the experience for instance researching skills. In this case trading in forex entails separately analysing a country in a Forex pair since these entail trade comparison of value between two particular currencies. This calls for critical analysis of these currencies through in-depth and detailed research. In the long end, my research and analysing skills will improve due to daily engaging the through cryptocurrencies trading. I also chose this pathway due to the impact it had in my intended career choice. Money management and risk management are important attributes in any career relating to finance. In this case dealing in forex trade will boost the attainment of these attributes since they are some of the key concepts that are also major requirements. The trading strategy entails the use of these two attributes which help in avoiding high-risk trading; trades with over 2% risk rate which ensures that loses are minimised (Extance, 2015). In this case, these two attributes should be used to make up a traders philosophy in their forex trading careers. Similarly, these attributes are also fundamental while either dealing with an organisational or personal funds in order to prevent greed and mismanagement. This gives one the discipline to stick to their personal set financial goals or that of an organisation. Through observation of these attributes, one can focus on a set plan and strategy when applying the same attributes in a career in finance related career. My choice for this pathway was also influenced by the positive impact it has on an individual who has taken up forex trading. This career choice is said to instil the attribute of goal setting and focusing towards those goals. It is attributed to helping in developing a saving culture among the traders. This being a fundamental attribute of an individual looking forward to building a successful career in finance I was inclined to go for this pathway. Considering that I am 2 years old in Forex trading, I think that am yet to become an expert in this field. Therefore, there is quite much for me to learn despite that I have learnt quite a lot in the two year period I have been trading. This means that the current gap between my already acquired skills and those that am yet to acquire in the future is quite big. To support this claim, research conducted by IRS claimed one requires an average of five years of active trading and learning for one to be an expert this field (Extance, 2015). Therefore, I think I have quite a lot to learn especially the skills which take a while to grasp. I also think that the changing diversity in the currency of various countries especially the developing one means that there is more learning in this field required to perfect my trading skill. Bibliography Extance, A. (2015). The future of cryptocurrencies: Bitcoin and beyond. Nature, 526(7571), pp.21-23. Luther, W. (2015). CRYPTOCURRENCIES, NETWORK EFFECTS, AND SWITCHING COSTS. Contemporary Economic Policy, p.n/a-n/a. Read More