Personal Insight Assessment: Opportunities and Industry Trends

Personal Insight Assessment 1
MWL101 PERSONAL INSIGHT
ASSESSMENT 1 – MY
OPPORTUNITIES
T1 2019
Student Name:
Student ID:
Seminar Day and Time:
Seminar Leader:

Personal Insight Assessment 2
Executive Summary
This report has been developed to assess the personal qualities and professional skills of me as an
aspiring student for improvement of my employment readiness. To recognise the personality traits,
personal and professional skills and limitations a number of quizzes have been undertaken and their
results were calculated and presented in the “My professional Dashboard” section. The report also
contains the industry dashboard containing information about the financial service industry and its
potential trends in terms of skills required for the following five years. Through these two pieces of
evidence gap in the industry standards and my existing skills have been identified to recognise the
areas that need improvement. Technical knowledge of the financial software and reporting skills are
the areas that were identified as inadequately skilled, triggering the need for improvement. Based on
the need identified training and practice have been suggested as suitable methods for skill
development.

Personal Insight Assessment 3
Contents
Executive Summary.............................................................................................................................3
1. Introduction..................................................................................................................................5
2. My Capabilities............................................................................................................................6
2a. My Professional Dashboard.......................................................................................................6
2b. My Capabilities - Analysis........................................................................................................7
3. My Industry Requirements and Trends.......................................................................................9
3a. My Industry Dashboard.............................................................................................................9
3b. My Industry Requirements and Trends - Analysis..................................................................10
4. My Gap Analysis.......................................................................................................................11
4a. My Gap Analysis Table...........................................................................................................11
4b. My Gap Analysis....................................................................................................................11
5. Conclusion.................................................................................................................................12
References List..................................................................................................................................13
Appendix 1:........................................................................................................................................14
Appendix 2:........................................................................................................................................17
Appendix 3:........................................................................................................................................19
Appendix 4:........................................................................................................................................22

Personal Insight Assessment 4
1. Introduction
This study is an assessment of the opportunities that I might receive after graduation as a result of
meeting the industry requirements of my preferred field. As I intend to peruse finance as a discipline,
I need to meet the standards of the financial service industry of Australia. The financial serviced
sector in Australia contributes around AU$140 billion to the country’s GDP and employs around
150,000 people making it extremely crucial for the country’s economy and creating one of the largest
employment pools for its citizens. For evaluation of my employability in this industry, this report has
analysed the growth, challenges, skill requirements and job roles that the industry might offer in the
following five years. It also features an assessment of my professional dashboard that contains
information about my personality, my personal performance factors, work experience, academic
abilities. Tallying these two sets of information the skill gaps have been identified that need to be
resolved to ensure my employability within the Australian financial service sector. Based on the skill
gap identified suitable solutions have been hinted for improving my employability opportunity within
the industry.

Personal Insight Assessment 5
1. My Capabilities
2a. My Professional Dashboard
Refer to appendix 1, 2, 3 and 4 for details.

Personal Insight Assessment 6
2b. My Capabilities – Analysis
The professional dashboard that has been presented above holds as many revelations, if not more, as
the result expected. For instance, while the result of the value analysis reinforces the items that I value
most result of the 16 personality test is a revelation. While I generally identify myself as a team player
and often undertake the task of coordinating among the team members and attempt to reach a decision
that would generate maximum possible value for everyone I never considered it to be of the
personality trait of commander. On the other hand, the assessment of the scores in PPF aspects has
highlighted that I have a strong preference for the external direction while no such preference is
shown towards the aspects global and sterilist as this decision is generally made based on the
requirement of the situation and its context. Finally, the enlistment and prioritisation of valued items
also point out that items that are enlisted under the broader segment of self-actualization, esteem and
belonging have been given the highest priority (Lester, 2013). This indicates that the acknowledgement
of the actions and contribution would serve as a significant motivator for me (Shih et al. 2019).
However, it might also be interpreted as a need for validation, which in the professional arena might
be detrimental to the performance. This evaluation has also provided a detailed understanding of my
strengths and weaknesses and the opportunities and threats that they generate for me. The following
table might provide a detailed yet simple understanding of it:
Strengths Weaknesses
 Strategic thinking
 Analytical skills
 Self-confidence
 Communication (Verbal and written)
 Part-time work experience
 Ability to work with others
 Ability to handle pressure
 Lack of understanding of more human
aspects
 Impatience
 Time management
 Reporting skills
 Critical towards mistakes of others
Opportunities Threats
 Opportunity to lead
 Opportunities to be responsible for
financial management of an organisation
 Proper training and learning might help
in developing analytical skills that might
be effective in trend analysis and
prediction
 Critical nature might cause risk of
dissatisfaction in teams
 The issues with reporting skills might
hamper the quality of performance
 Mack of time management skills might
cause loss of opportunities.
Table 1: Personal SWOT analysis based on own professional dashboard
(Source: Created by student)