Career plan Assignment Example | Topics and Well Written Essays - 1250 words

Career plan - Assignment Example Bob Bridges introduced him to the world of financial markets. Gardner was taken to major financial firms like Merrill Lynch, Paine Webber, E.F. Hutton, Dean Witter Reynolds and Smith Barney. The main factor attributable to his success is the immense passion he had for the career. Gradually he stopped attending his sales calls and spent more time in meeting and networking with managers. Even at this time he was at the height of personal problems including break off with live-in girl friend, homelessness, imprisonment for 12 days etc. He started as a trainee at E.F. Hutton. He quit his job and joined for a full time training program in stock broking. But due to some unfortunate incidents he could not be hired as a permanent employee. He then enrolled for a training program at Dean Witter Reynolds where he worked with dedication to make maximum sales calls for a very low stipend. After completion of the training he was hired as a full time employee in the company. He was later on recrui ted by Bear Stearns & Company. His success took another step when he established his brokerage firm, Gardner Rich & Company which was specialized in the trading of debt, equity and derivative products. Thereafter, there were no bounds in his life, both professionally and personally. My career path A well planned career path is essential for being successful in the desired career. The following career path will be the best option to be a successful stock market investor and trader. Keep track of current events: Being aware of the current events and the ability to assume the future based on it is the primary requirement to be successful in stock markets. This can be achieved only if we keep our eyes and ears open. At least 2 hours in a day should be spent on reading general and business newspapers, business magazines like ‘The Economist’ etc. Keeping track of the events this way will help us to feel the market and its complexities. The stock market is very sensitive to th e happenings around the world. The happenings can be business, social, environmental, political and so on. Watching business news every day is essential for this career. This step is not a process. This is an activity that has to be continued at every level of the career path. Enroll as a management trainee: Enrolling as a management trainee is the first step. At first, a good company should be chosen for pursuing the training. Considering that the company chooses the candidate as a management trainee, every next moment should be an investment for the future. As a management trainee one should be made to sit on the trading terminal. In other words management trainees should be considered as share traders. As share traders, one should not be confined to just punching the orders based on the customer requirements. Even as a trader, strategic thinking should begin. Effort should be made to analyze the market and scrip movements based on the knowledge of the market happenings. Spending at least one year as a share trader will give a good hands on experience on the markets. Acquire certifications and licenses: Acquiring certifications and licenses is very important for getting recognized in the system. While continuing as a trader, preparation should start for Series 7 exam. Series 7 is the primary exam to be given by a stock trader. This exam can be taken only through a firm sponsorship. The company where we are employed as trader will be the