Investment Banking Career Goals: Short and Long-Term Plans
This paper presents a personal career reflection and planning exercise focused on the goal of becoming an investment banker. The author reviews prior experience in commercial banking and MBA coursework, evaluating how these foundations align with the demands of investment banking. Drawing on industry sources, the paper examines the current state of the profession, including declining pay and increased job volatility. It then outlines concrete short-term goals — completing an MBA, networking, and building a personal investment portfolio — alongside long-term financial and autonomy targets. The paper concludes with reflections on the value of structured goal-setting in shaping a purposeful career trajectory.
- Introduction: Purpose and scope of career reflection essay
- Where I Have Been: Banking Experience and Education: Commercial banking experience and MBA preparation
- Current Standing and Areas for Improvement: Industry challenges and skills still to develop
- Short-Term Career Plans: MBA completion, networking, and personal investing
- Long-Term Career Plans: Financial targets and professional autonomy goals
- Conclusion: Reflections on goal-setting and career confidence
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What makes this paper effective
- Integrates external industry sources (King, Stephenson, Rosenthal) to ground personal reflections in real-world professional context, adding credibility to what could otherwise be purely anecdotal.
- Maintains a clear chronological and thematic structure — past, present, and future — making the career narrative easy to follow and logically coherent.
- Balances honest self-assessment with forward-looking ambition, including specific financial targets (e.g., $350,000 profit in five years) that demonstrate concrete planning rather than vague aspiration.
Key academic technique demonstrated
The paper uses direct quotation strategically: rather than summarizing sources, the author selects passages that either validate personal experience or introduce challenge and tension (e.g., Rosenthal's warning about industry decline). This technique shows how secondary sources can serve as dialogue partners in a reflective argument, not merely as background filler.
Structure breakdown
The essay is organized into six sections. An introduction frames the purpose and scope of the reflection. Two body sections address past experience and current standing. Two additional sections lay out short- and long-term goals with increasing specificity. A brief conclusion synthesizes lessons learned. This "past–present–future" framework is a standard and effective structure for career planning documents at the undergraduate business level.
Introduction
Traveling throughout life without goals and objectives can leave a business student lost and without a practical purpose. Before moving forward in one's career path, it is often necessary to look back upon past successes and failures to give context and shape to the future. The purpose of this term paper is to evaluate my current career path toward becoming an investment banker and to discuss how this choice aligns with other aspects of my personality. This essay will then address the steps I still need to take in order to sustain progress toward my career objectives. These steps will be presented in both short-term (6–18 months) and long-term (2–5 years) frameworks. Finally, a summary will conclude with the key learning points I absorbed throughout this process.
References
Casparie, J. (2007). What exactly is an investment banker? Entrepreneur, 12 June 2007. Retrieved from http://www.entrepreneur.com/article/179958
King, M. (2012). How to get into investment banking. The Guardian, 20 April 2012. Retrieved from http://www.guardian.co.uk/money/2012/apr/20/how-get-into-investment-banking
Rosenthal, J. (2013). Who wants to be an investment banker? The Economist, 21 November 2012. Retrieved from http://www.economist.com/news/21566442-dinner-party-problem-who-wants-be-investment-banker
Stephenson, D. (2012). A career in investment banking: Worth the investment? Firmex, 3 October 2012. Retrieved from
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