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Career plan
Junho Lee
10/08/2015
Career plan
I have always had an interest in the banking sector, which led me to decide to take on
international business as a major. I hope to be a loans officer in one of America's leading banks
or an insurance agent in a reputable organization. However, my first preference is to be a loans
officer. As a loans officer, my work will encompass the issuing of loans and the investigation
whether firms are fit to receive loans. Apart from the responsibilities mentioned above, as a loans
officer, a crucial part of my job will be that of ensuring that those companies seeking loans have
insurance cover.
To prepare adequately for my future career, I have worked on qualities that will bolster my
chances of success as a loans officer. These qualities include; - discipline, drive,
competitiveness, and reliability. Control is highly valued virtue. Thus, an agent should
demonstrate utmost discipline (Weert, Frans, 2011). In addition to these requirements, I hope to
bank and improve on my strengths that include hard work and my adventurous nature. As a loans
officer, my job will involve seeking of potential clients and scrutinizing their financial
statements. This work will require my adventurous nature coupled with my hard work to lead me
into untouched territories and capitalize on them.
My family has been my pillar of strength, guiding me through school and in my career path.
Despite this, I still encounter challenges in my pursuit of this goal. Being of Korean origin, I am
not very fluent in English. As I carry out my job in America, I will be expected to communicate
with my clients in English, and this poses a challenge. I also am naturally a taciturn kind of
person, but communication is key in banking. It is my hope that as once I join Coles Business
School; I will continue to work on my English. The class interaction sessions between professors
and my fellow students will have a positive impact on my quite nature and poor English.
Career plan
However, after the establishment of my basic personality requirements, the next challenge is to
develop educationally. I believe that knowledge of banking will give me an insight into the world
of banking. As a credit officer, I need to understand how banks operate as a base on which to
build on as a loans officer. Knowledge of banking will enlighten me on the kind of loans I should
give as a loans officer. To help me attain this knowledge, I hope to study banking as a course at
school. Insurance goes hand in hand with the giving of loans. I need to have sufficient
knowledge on insurance covers and how they are acquired to be able to ascertain whether my
clients meet the criteria for awarding of loans. Taking up an insurance course will be of benefit
to my career path.
Flexibility is a trait I consider crucial as a loans officer. From my research, every client is unique,
with some making individual demands. As such, I will need to be flexible enough to be as
customer-specific as possible. On researching, there are different towns that certain careers
would thrive. For loan officers, New York, and Chicago have the highest projected growth for
loan officers with earnings of $56,490 as per BLS. These agents get employed by banks,
commercial lenders, business entities, mortgage firms, and insurance companies. I also anticipate
that in the next ten years, I will be working as an insurance agent who earns an average annual
wage of $46,770 with the best states for an operation being Los Angeles and Boston.
Apart from working for a required grade point average of 2.8, I plan on undertaking additional
courses after school and attending workshops to boost my career. I plan on signing up for
accounting classes and sitting for exams that will make me a certified public accountant. Since I
want to expand my professional network, I also plan on seeking membership in the American
Bankers Association and attending some of the several workshops it organizes (Sethi et.al,
2011).
Career plan
Coles College of Business would be a very suitable environment where I can gain the knowledge
necessary to provide me a foundation. The courses offered are very suitable to my line of career.
Global accounting offered at the college is insightful. It gives me a deeper understanding of the
banking industry around the globe. I might later gain interest in working for a multinational or
banks outside America and knowledge of global accounting will give me a foundation. With
interest in insurance, insurance markets and structures offered at the college takes me through the
world of insurance. The rigorous teaching with patient professors enables me to thrive
academically while a good curriculum will ensure my mastery of the skills I require for my
future job. Coles College of business is a place I was also hoping to guide me into creating
conversations with my fellow colleagues, a skill that is crucial for my job.
REFERENCES
Sethi, Jyotsna, and Nishwan Bhatia. Elements of Banking and Insurance / \c Jyotsna Sethi,
Nishwan Bhatia. , 2011. Print.
Weert, Frans . Bank and Insurance Capital Management. Hoboken, N.J: Wiley, 2011. Print.