Career Action Plan and Self Reflection in Finance Sector

This report discusses the skills required for career growth in the finance sector, including analytical thinking and communication skills. It also includes a career action plan to develop decision-making and technology skills.

Career action plan and self reflection

Table of Contents
INTRODUCTION ..........................................................................................................................3
Main Body ......................................................................................................................................3
SKILLS REQUIRED .................................................................................................................3
Career action plan ......................................................................................................................5
Conclusion ......................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
In today's to have the growth in the career there are the plenty of opportunities which are
available in the market . The career opportunities can be explained as where the many
opportunities are available and taking those opportunities in order to accomplish the set goals
and target in the particular period of a time (Joiner., 2022). The finance sector is involving the
numerous technology and advance version has came and they are important and essential for
showing the growth. This report tells us about the career opportunities and the main strength of
finance as my major subject is the finance. The strength and the areas where I lack moreover the
knowledge and skills are needed for growing in the finance sector.
Main Body
SKILLS REQUIRED
To have the growth in this field there are the certain skills which are required for
accomplishing and acquiring the targets and increasing the performance significantly . Their are
the few skills which are my strength and I have the insight and knowledge about the particular
skills and the areas.
Strength
 Analytical thinking: I have this skill which will help me in achieving and accomplishing
the goals and the desires as I have the ability and the capacity to collect the information
and do the proper research and analyse the data as having this kill it assisted in solving
the problem and helped me in making the decision according to it . In this I have analysed
and examined the large amount of data and their volumes and the pattern was also
identified(Verace., 2020). Due to this analysation of data and critically examining it as in
growing economy the data will be popular and the technical and quant will be in high
demand . The analytical skill in finance has assisted me in solving the huge data and the
solution were made easily. This skill has the crucial importance in finance.
 Communication skill : This skill is about the communication and sharing the ideas and
thought to the stakeholders. The structural and proper flow of the communication is
needed to master(Roy., 2020) . As the finance manger is highly need this skill as they has
to communicate with the stakeholders. My communication skill has helped and benefited

multiple times . I can have the conversation with the individual fluently and express my
thoughts to the other person without facing the struggle and problem . By having the
knowledge and fluency in speaking I was able to explain and tell the other individual
effectively and explaining the trends , significant data and the forecasts. In the finance the
communication skill has the importance in accomplishing and achieving the targets goals
and objectives which the organisation has set and this skilled made the things easier and
explaining the ideas without facing the trouble or the barrier . As the pandemic hit the
work was remotely so I was able to explain the task to my team and communicate with
my manger with the ease without going through any battle in mind in regards to the
communication .
Weaknesses
 Decision making skill: this is the skill in which I am not great as it tasks s lot of time in
making the decision related to any circumstance or the occurrence which occur . I lack
one this major skill of decision making as the decision need to be oriented towards
achieving the success or the first step towards accomplishing the goal and the objectives
sometimes coming into the conclusion and coming with the efficient decision which is
effectual and efficient takes a lot of time(Halonen., 2018). Due to time constraint and
even the few points are not kept in mind makes the simpler task difficult .
 Technology : I face the problem of technology as the new advance technology are
coming and I don't have the insight and deep knowledge about the technology which will
help in finance and in my career whereas the knowing the beginner friendly which doses
not cater my growth and will not increase my skill and will not provide any other
knowledge . As the tradition accounting work is getting replaced by the excel in order to
achieve the desired goals it is important to have the excel skills and the other formulation
which is essentially required(Savickas., 2020) .

Career action plan
Specific skill to
be developed
Measurable (the
resources needed)
Achievable
(potential
barriers)
Realistic
(evidence of
success)
Time bound
Decision
making
Handling the
project
Procrastination Handling the
significant
amount of project
and writing down
the the pros and
cons as
everything has its
own advantage
and disadvantage
as well as the
problem which
will be faced and
coming with the
result and answer
even though I
handled the
project and
applied all the
measures and the
methods which I
took in the
journey of
improvement .
It will take
approximate
one month to
get in the
zone and use
the methods .
Technology Courses and skills
upgradation
Time constraint I have taken up
the few courses
and passed the
One to two
months is
needed to

few and I have
upgraded and
learned the basics
of excel and
reached the
intermediate
level.
understand
and apply the
methods
which are
learned in the
course .
These are action plan and steps will be taken in order to achieve and accomplish the goals
and objectives . And within this time period the set targets needs to be accomplished to became
the successful financial manger in the organisation (Schwartz, 2021).Looking at the vacancy and
role as well as the responsibilities it comes along I have chosen the position of finance manger. It
will allow me to use the abilities and capabilities in the future . I will gain the significant amount
and enough of the knowledge of finance apart from the my strength area it will also improve my
other weaken areas and will also learn lot about the management and team building and new
things. My areas where I am strong will be boosted and the knowledge will be used in full action
and potentially(Ronkainen., 2018).The skills where I lacked will be improved and the action plan
will be undertaken .
Conclusion
From the above report it can be summarised that the skills are essential important and
plays the vital role in the career growth and availing the opportunities. As the finance is evolving
and have the enough opportunities and going to be in the future as well . The finance is the
emerging tend and going into this filed will help me in achieve my targets and goals which I
have set and the weaker areas where I lack will be worked(Janssen., 2021). I will learn many
new things and as with the digitalisation the digital technologies are being used and it has been
incorporated in the finance field it will help me to improve my performance and I will gain new
other skills which will be beneficial in future and the task will become smoother and easier and
target goals will be accomplished with the base without facing any sort of the problem . The
finance manger position will give the in hand practice of the skills and will build my team
building skills as well as I will incorporate the leadership skill (Wlodarsky., 2021) .

REFERENCES
BOOKS AND JOURNAL
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Halonen, J.S. and Dunn, D.S., 2018. Embedding career issues in advanced psychology major
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