Presentation on theme: "Preparing Your Online Job Application Workshop"— Presentation transcript:
1 Preparing Your Online Job Application Workshop - Online Applications and Open-ended Questions -Date Time Venue31 Jan., 07 (Wed) 3:30 – 5:00 pm (Session 1) T6, 1/F, MWC2 Feb., 07 (Fri) 5:30 – 7:00 pm (Session 2) T2, G/F, MWCFacilitator:Ms. Lora Wong, Student Advisor (Careers)This PowerPoint will be put in our website :
2 Preparing Your Online Job Application ObjectivesTo help you win a chance of interviewTo make your unique skills and talents stand out – in CyberspaceTo know the hidden questions of the Open-Ended QuestionsTo organise and structure your answers
3 Outline of the Workshop I. On Line ApplicationCompanies Using Online SystemsYour WorriesThe Scene Behind Online ApplicationsTips for Online ApplicationsII. Open-Ended QuestionsGeneral Guidelines on structureExamples of CompetenciesSamples with Guides
4 Caution !! Don’t copy directly from the samples ! If you look for model answers and follow them too closely, they become your poison.Recruiters will take out very good, BUT very similar answers (in meaning, choice of words, structure and style).Write in your own style and words.
6 Companies Using Online Applications 2006 (Spring Semester, Held Recruitment Talks from Feb - Jun)CompaniesOnline FormCover LetterCVKerry Logistics (Hong Kong) LtdLi & Fung (Trading) LtdMa Belle Jewellery Company LtdMTR Corporation LtdParsons Brinckerhoff (Asia) LtdPCCW LtdWalt Disney Company The - Hong Kong Disneyland
7 Companies Using Online Applications 2006 (Spring Semester, Held Recruitment Talks from Feb - Jun)CompaniesOnline FormCover LetterCVABN AMRO BankBarclays Capital Asia LimitedDeloitte Touche Tohmatsu*Ernst & YoungGoldman SachsHang Seng Bank LtdHKSAR Government – AO / paper* upload file / input plain text
8 Companies Using Online Applications… 2006 (Spring Semester, Held Recruitment Talks from Feb - Jun)CompaniesOnline FormCover LetterCVKPMGMcKinsey & Co Inc Hong KongMorgan Stanley*PricewaterhouseCoopersProcter & Gamble Hong Kong LtdSun Hung Kai Properties LtdUBS* upload file / input plain text
9 Your WorriesYour online application = one of a million NOT one in a million.Your particular skills and talents get lost in cyberspace with no human touch.
10 The Scene Behind Online Application Understand Online Application from Employers’ PerspectiveFirst screening (can also ‘screen’ out those who are not interested in the job and who are impatient in filling out the form)Collection of all relevant dataMatching by computer filtering functionScreening at anytime (even before deadline)Closing of Application on specified date
11 The Scene Behind Online Application… Your AimsGet through this 1st stage of applicationSubmit all information required accurately and punctuallyImpress the employer with your relevant skills and qualificationsNo typo error and grammatical errorMake a copy BEFORE submission !
12 The Scene Behind Online Application… Recruitment ProcessYouAcademic BackgroundPersonalitySkillsKnowledgeInterestCareer AspirationCompanyCultureProfileJob NatureJob requirementsSelection Criteria(Competency Model)MatchingSelection Process
13 Tips for Online Job Applications 1. Submit On TimeTechnical Issue- Timing- Do not wait until the last 3 – 5 hours before deadline (e.g. 9:00 pm – 12:00 am for a 12:00 midnight closing time) especially large corporations.- High traffic will jam the system at peak hours.- Submit one – two days ahead.years back in HK when companies started using online system, traffic jam took place in some large scale recruitment.
14 Tips for Online Job Applications… 2. Tailor Your ContentTailor your information to the positionDO NOT copy and paste from generic resumeMake sure tailored changes are checked with care- Serious error example : posted an audit career objective statement into a banking job.
15 Tips for Online Job Applications… 3. Use Key WordsFirst sorting and screening could be done by key words (multiple words) search in some system and process. Some still conduct 1st screening manually.To increase your hit rate:- Analyse the requirements, duties and responsibilities of the job notice.- Use matching key words, buzz words and industry / trade words, use some of the words in the job notice when you state your experience, achievement and activities.
16 Tips for Online Job Applications… e.g. Investment Analysis in banking jobPotential Key Words- Advanced Excel Application- Company / Market / Industry Research- Comparative Company Analysis- Financial Modelling, NPV, Cashflow, Networth, intrinsic value, IRR.- Interest Contracts- Securities /Shares Research / Analysis- SWAPS- Report Preparation- Risk Analysis- Derivatives
17 Tips for Online Job Applications… Marketing TraineePotential Key Words- Market Survey- Product / Service promotion- Organize Focus Group Discussion and Focus Group Discussion Report- Public Relations Campaign- Fast Moving Consumer Goods Promotion- Data Mining- Printed Media Analysis- TV / Radio Advertisement- Feature Article Write Up- Customer Service
18 Tips for Online Job Applications… 4. Include Numbers and StatisticsInclude numbers and statistics in your experience, achievement and activitiese.g.- managed 2 cash registers and daily sales of US$2, at Florida Disney Park – souvenir shop in July – August, 2005.- Answer 50 customers enquiries daily.- Helped HKU Drama Club raised HK$20,000 in summer by (your action plan).
19 Tips for Online Job Applications… 5. Follow InstructionsPay attention and follow the instructions carefullyComplete all fieldsIf company offers optional assessment test online, take it (advice from US employers)
20 Tips for Online Job Applications… 6. Allow Yourself Time to CompleteSpare sufficient time for completionSome forms could take up to two hours to completeFind somewhere quiet to fill it outNote whether the online system allows you to draft, save, amend and submit until you are satisfied with your answer – e.g. Standard Chartered BankSome systems DO NOT allow you to save for amendment.Avoid the mistake : Your first draft is your final draft!
21 Tips for Online Job Applications… 7. Attach Your CVSome require attachment of CV or paste it into applicationMake sure your CV holds on and maintain in a simple format for these electronic conversion / attachments.Fancy design, italics, bolds may be changed in the process. Make trial sending test (blind test conversion to see the change / no change), if you canKeep resume format simple is always “SAFE”.
22 Tips for Online Job Applications… 8. Create Your Skill Inventory SectionCreate a skills inventory section (if the application doesn’t require it Advice from some US employers)Put this skills inventory in the comments section e.g.- IT skill- Financial / Accounting- Planning / Organization- Other languages- Music etc.
23 Tips for Online Job Applications… 9. Proof-read Your ApplicationCheck all fields are filled up properlyCheck for typo or grammatical mistakeCheck the accuracy of your personal details (esp. your name and contact details)Make sure you have attached the correct documentsMake a copy of your application form
24 Tips for Online Job Applications… 10. Follow UpIf you do not get an electronic confirmation, follow-up your electronic application with a personal to the recruiter (try to identify the name and , if not, send to the recruitment manager stating briefly your name, university, degree, contact and date of submission.)
25 Tips for Online Job Applications… 10. Follow Up (cont.)If job posting or notice does not say “No phone calls” make a follow up phone call, e.g. 1 to 2 week afterwards just to leave message (as above). You may get a “standard answer” or the recruiting manager could make a note and ensure your information is in the system.Recruitment Managers are busy during peak season. You may reach them at 7:00 – 8:00 p.m. or even later.
27 Subjects of Open-Ended Questions Career OrientationCareer ObjectiveReasons of ApplicationAbilitiesCompetenciesComputer SkillsProblem SolvingTeam SkillsExperiencesWorking ExperienceResponsibilitiesAchievementsExtra-Curricular ActivitiesAwards/ScholarshipGeneral:Leadership ExperienceYour Greatest Success
28 How to structure your answers? - General Guidelines Structure your answers along this line :1) What did you do? (Time, Place, Event, Your Position)2) How did you do it? (Plan, Coordinate, Execute, Manage)3) Why did you choose that approach? (Merit and Concern)4) What results did you achieve? (Numbers and Experience)5) What benefits for the job that you are applying?Be specific, direct, and concise.Provide concrete examples.Draw the relevancy of your experience to the job
29 How to structure your answers? - Guidelines from HSBC 1. Outside your university course, describe an occasion where you had to initiate a change which affected other people.Describe the situation and how were people affected by the change? (50 words or less)The actions you took, the difficulties faced and how did you overcome these? (100 words or less)What was the result? How did you evaluate the success of your actions? (100 words or less)
30 How to structure your answers? - Guidelines from HSBC… 2. Give a recent example when you have taken the initiative to learn a new skill or acquired additional knowledge outside the scope of your academic course.Describe why you took the initiative to learn a new skill or acquire additional knowledge (100 words or less)What actions/activities did you undertake? Describe any difficulties faced (100 words or less)What was the result? (50 words or less)
31 How to structure your answers? - Guidelines from HSBC… 3. Give an example where you have had to inspire people to take action they would not have otherwise done.What was the situation? (50 words or less)How did you go about convincing people? What obstacles did you encounter and how did you overcome them? (100 words or less)What was the outcome? What did you learn from this experience? (100 words or less)
32 To answer open-ended questions - Career Orientation Reasons for applying for the position:At least 3 key ways in which your skills and experience will match the requirements of the programme (any preparation you have done for this career?)How this programme will fulfill your career aspirations
33 To answer open-ended questions - Career Orientation… Fundamental Career AspirationTo develop a successful and rewarding professional career in ______________Aspiration derived from interest to meet and solve challenges posed by complex business issueWill find it very satisfying and rewarding to solve the crux, create win-win solutions for client’s business results
34 To answer open-ended questions - Career Orientation… Fundamental Career Aspiration (Cont’d)PreparationAccounting studies / business studies / for professional build upLiberal arts, science studies to train up analytical mind and broad thinkingTook part in business related activities and read regularly relevant professional journals – HKICPA, ACCA, CA, CPA . . .
35 To answer open-ended questions - Career Orientation… Fundamental Career Aspiration (Cont’d)Preparation (cont’d)Read widely and regularly on business and finance media : HK Economic Journal, ASWJ, WJ, Business Week, Economic, FT, Institutional Investors, Benchmarks, HSBC / HS Bank Quarterly Economic Report, Economic Reports of major central banks: Federal Reserve, Bank of England, European Central Bank, Central Bank of China, HKMA.Took part in business games and competitionsAttended open seminars on investments to know the Macro economic trend.
36 To answer open-ended questions - Competencies 1 To answer open-ended questions Competencies 1. Management of Changes and CrisisSuitable ExamplesCrisis encountered (e.g. very short notice and urgent change on major event arrangement, sickness, accident, property / personal identity / credit card stolen and loss) while on trip (exchange tours etc) or internship (e.g. in US. Canada)Indicate clearly what was the crisis and the causes
37 To answer open-ended questions - Competencies 1 To answer open-ended questions Competencies 1. Management of Changes and Crisis…Advice on Format of PresentationDefine or summarise your task / crisis at the very beginning to give the reader a concise and clear picture.Use the guideline above to structure the answer.
38 To answer open-ended questions - Competencies 2. Creativity Describe a time when you have spotted an opportunity to develop something new which resulted in either a commercial benefit and / or a significant improvement. Explain your idea, what action you took and the benefits which resulted.
39 To answer open-ended questions - Competencies 2. Creativity… Suitable ExamplesHSBC Young Business Entrepreneur CompetitionHSBC Young IT Entrepreneur competitionYoung Entrepreneurs Development Council (YDC) E-Challenges AwardOther business plan competitionCompetitions arranged by the Big-4 (business risk analysis)Your own example of commercial working experience on web page / data base / system / process improvement, in summer workChinese New Year Fair (年宵), new product concepts worked well?
40 To answer open-ended questions - Competencies 3. Self Development Describe how you have demonstrated initiative in extending your personal learning and developing yourself, outside the educational environment. Describe the activities you have undertaken, why this demonstrated initiative, and what you have learnt.This question is looking for your own personal development initiatives outside the university / school system.
41 To answer open-ended questions - Competencies 3. Self Development Suitable ExamplesParticipation in Police Mentorship or Auxiliary Police ProgrammeLeadership role in educational services and support to disadvantaged children (China, Thailand, Africa).Doctors/Engineers with no border (most recognised by US/European employers)Any significant and extended leadership role in international voluntary agencies (Red Cross etc.)
42 To answer open-ended questions - Competencies 3. Self Development Suitable Examples (Cont’d)Extended time on trips in foreign country (e.g. one 2nd year student spent 6 months working and travelling (end 04/early 05) in Australia).This is another experience valued by US/European employers.Personal development studies (Arts student took self study finance/investment course in SPACE, member of Toast Master Club to improve public speaking skill).Foreign summer work, posting, exchange program
43 To answer open-ended questions - Working Experience Actual Experience and Skills AcquiredThis refers to your position and key functionse.g. Worked as a 2005 Summer Sales and Marketing Intern for an European Personal Wealth Management and Consulting / Advisor Group.
44 To answer open-ended questions - Working Experience Actual Experience and Skills AcquiredGuidelines:Your achievements should be as specific as possible; see if you can quantify them.Example :I worked as a sales and marketing assistant. My job responsibilities entailed making cold calls to prospective customers, attending trade shows, following up sales enquiries and orders, etc.
45 To answer open-ended questions - Working Experience Actual Experience and Skills AcquiredExample :Main Responsibility (key achievement and hours work)-I made at least 20 phone calls per day; of these, I was able to secure on average 2 sales orders on 40 phone calls which exceeded my assigned sales targets. This was the result of my hard work and good company brand image.I worked for, in average, 9 hours per day ( 60 hours per week). Usually I started 45 minutes earlier to plan and organize my work.
46 To answer open-ended questions - Extra-Curricular Activities Note : Recruiters look for leadership role include leadership function / experience description for key words searchExample :Team Captain of HKU Swire Hall, Volley Ball / Basketball / Soccer Team 200?Chairman of HKU English Debate TeamDancing Club, Choice Teams, Chess, Bridge Club etc.
47 To answer open-ended questions - Extra-Curricular Activities… Positions of responsibility including size and scope of organisation and level of involvementObjective of the organizationSize of Ex Com. and membersScale of activities
48 To answer open-ended questions - Extra-Curricular Activities… Key AchievementsQuantify as much as possibleExample:Number of participantsAwardsAmount of money raisedImpact on Society / studentsSelf learning and improvement
49 To answer open-ended questions - IT Skills… Guidelines:Discuss what skills (IT) you are good at; how well you use them. Be as specific as possible.Example:IT skill – I am familiar with MS Office (Word, Excel, PowerPoint and Access). I am particularly strong at using Excel for doing quantitative analysis and have been using this software throughout my academic years. In my recent financial analysis school project, I created various formula to calculate a specific project’s IRR, hurdle rate, discounted cash flow, etc., to analyze project profitability.
50 Other InformationIs there anything else you would like to add in support of your application? (Banking job especially investment banks)Good point to add if you have made your own investment (e.g. equities) and portfolio management. If yes, do highlight experience acquired and keen interest in investment activities – the process as well as the rewardAssist professor in research? (invited to assist because of your good ability?)Any real entrepreneurial experience of running a business
51 Other Information . . . (Cont’d) Guidelines: (if you want to add)- Give any additional information that you feel will help to match your experience, attainments, skills and abilities to this particular job position – continue on a separate sheet of paper if required- Support your answers with solid examples- How you turnaround a difficult situation- Your adaptation to a new environment (e.g. on exchange); in particular, how you learn fast, adapt well, made significant contributions, or achievements- Solve a problem and create a significant impact
52 Example Guides onAudit FirmOpen-Ended Questions
53 Example Guides on Audit Firm Open-Ended Questions - Ernst & Young Career ObjectivePlease describe your career objective and what you have done to date to achieve it.Fundamental Career AspirationTo develop a successful and rewarding professional career in (audit / tax / business assurance)Aspiration derived from interest to meet and solve challenges posed by complex business issueWill find it very satisfying and rewarding to solve the crux, create win-win solutions for client’s business results
54 Example Guides on Audit Firm Open-Ended Questions - Ernst & Young Example Guides on Audit Firm Open-Ended Questions - Ernst & Young (Cont’d)Fundamental Career Aspiration (Cont’d)PreparationAccounting studies / business studies / for professional build upLiberal arts, science studies to train up analytical mind and broad thinkingTook part in business related activities and read regularly relevant professional journals – HKICPA, ACCA, CA, CPA . . .
55 Example Guides on Audit Firm Open-Ended Questions - Ernst & Young Example Guides on Audit Firm Open-Ended Questions - Ernst & Young (Cont’d)Fundamental Career Aspiration (Cont’d)Preparation (cont’d)Read widely and regularly on business and finance media : HK Economic Journal, ASWJ, WJ, Business Week, Economic, FT, Institutional Investors, Benchmarks, HSBC / HS Bank Quarterly Economic Report, Economic Reports of major central banks: Federal Reserve, Bank of England, European Central Bank, Central Bank of China, HKMA.Took part in business games and competitionsAttended open seminars on investments to know the Macro economic trend.
56 Example Guides on Audit Firm Open-Ended Questions – PWC 1) Why are you applying for this position?This question is in fact asking for the same thing as the above question of Ernst and Young.It can be answered in a similar way.
57 Example Guides on Audit Firm Open-Ended Questions – PWC . . . (Cont’d) 2) Please explain how your personal qualities, skills, knowledge and working experience will help you to be successful in the position for which you are applying?Personal Qualities : Perseverance, concentration, listening skill, questioning skill, extrovert / introvert, sense of essentials, tenacity, courage, likeable, agreeable, tact, integrity, observant, self- organization etc. . .(Write your own statements make them relevant to a job requiring good stability, objective and systematic ability to organize facts and stay calm under pressure)
58 Example Guides on Audit Firm Open-Ended Questions – PWC . . . (Cont’d) Skills and KnowledgeIT Skills – including /Chinese input.Language Skill – good Putonghua.Knowledge – Accounting, China and international business trends, HK economic and political environment, Business plan preparation investment games simulation.Working Experience – summer accounting and non accounting work, front end customer service as sales (build up good communication skill).
59 Example Guides on Audit Firm Open-Ended Questions – PWC . . . (Cont’d) Formatstructure your answer with each key short paragraph covering one area.Big 4 may or may not use keyword search. But human eyes and intelligent systems key word scanning are looking for the same keywords and phrases. Human eyes could be upset by “clumsy’ style – long sentences, too much indirect and passive voices).
60 Example Guides on Audit Firm Open-Ended Questions – KPMG 1) What factors have influenced your career choice?Basic interest in business and commenceAccount / Audit the central core function of all business activitiesPersonal quality and interestA long professional career with steady growth, challenges and changes with environment provide opportunities for continuous growth and learningInterest in team and large organization with ample diversity and opportunities.
61 Example Guides on Audit Firm Open-Ended Questions – KPMG . . . (Cont’d) 2) Outline your career ambitions and objectives?Ultimately become a member of senior management at partner, senior partner level,Steady growth according to career progression ladder provided by the firm.State your learning and contribution at each stage.State how you make use of learning and self improvement / continuous education to prepare for advancement.At senior level – state your not for money contribution to society to fulfil social accountability mission.
62 Example Guides on Audit Firm Open-Ended Questions – KPMG . . . (Cont’d) 3) Describe your greatest success or a situation where you exceeded your own expectations?Experience and achievement on fast adaptation to new foreign environment during overseas exchange.Organize and lead an exchange or study group to other countries encountering unexpected changes and crisis.Good result out of a business plan, business game and other competitions (sports, cultural etc) with a not too optimistic start but being turned around with stunning success.
64 HSBC International Management Trainee Programme (London 2004/05) Reference Example :Investment and Commercial Banking Successful AnswerHSBC International Management Trainee Programme (London 2004/05)Question 1 :1) Describe a time when you have worked closely with a group of people to achieve an objective?2) How did you interact with them?3) What did you do to ensure the group achieved its objectives?
65 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The EventBeing a member of the University Debating Team, our team had to prepare for an upcoming debate in last year Joint University Debating Competition. It was a testing period for all members whether debating or not, as we had again reached the semi-final rounds of the competition, and this debate was extremely critical. Our objectives were clear: to ______________________ and generally, to win the debate.
66 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The ProblemHowever, problems started to arise with a very tight time schedule coupled with a disappointing initial brainstorming session. Moreover, it seemed as if the team had started to lose its vigour and steam, as each member had many other personal duties to uphold.
67 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The Action SolutionThus I convened for a _______________ with the senior debate. I suggested in having _______________ for upcoming speakers only (instead of every other day for all members) and in segregating the tasks to more manageable proportions. With approval from the seniors, I took the initiative to select and lead the research team, whilst the seniors assisted in ___________________ and other essential matters.
68 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The ResultThe consequent response of the team improved considerably, and we were able to achieve our objectives and continue to the final round of the JUDC.
69 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Question 2 :Describe a recent time when have found yourself having to adapt to a completely new situation or environment.How did you feel about it?How did you respond?What specifically did you do?
70 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The EventDuring the summer after secondary school graduation, I attended a Mandarin language course at ______ University, Shanghai. Not only was this my first taste of independent life in a university setting, but I was in another country, where everyone spoke another language. Even my roommate could speak only French. My initial feelings were: __________________?
71 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:The Adaptation ActionHowever, I soon realised that I had come to experience just that feeling. I realised that I had come to adjust and take full advantage of my new surroundings. After I had taken classes for a week, I began to settle in quite easily. I created a routine which became the foundation for the duration of the course, but which also complimented in personal goals I had set for myself.
72 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:Extended ActionMoreover, I socialised with other students, and my teachers, in finding out the locations of markets, ______________ and ____________. As my Mandarin was better than most of the students, I acted as a guide whenever we ventured out into beautiful downtown shanghai.
73 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:BenefitFurthermore, I enrolled in extra-curricular culture activities such as _______ and participated in ___________. All in all, I was able to improve on my Mandarin and make many new friends from all over the world. But most importantly, I realised that my international background, education and language ability had given me the cultural sensitivity, respect and skills necessary to adjust and adapt myself easily in any new environment.
74 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Question 3 : Career Objectives1) Please explain why you believe a career as an international commercial banker is right for your, and what has influenced your choice?Example:Background : Macro TrendEverything is moving towards a general global trend. Moreover, the banking industry is evolving into providing a key area of services which have become ____________ for ____________ and ___________ alike, namely, financial services. These two factors coupled with my experiences have influenced my decision in pursuing this position.
75 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:My StrengthMy talent in languages proves my internationalism and capability to live in different countries. Having learnt French, Mandarin, Cantonese, English, ________, _________ and __________, I believe that languages are more than just another method of communication, but hold within, the secrets to truly understanding another culture.
76 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:EducationMy educational background and travels support that I have an enthusiasm for change, and that I believe it is just as important to have a local perspective as an international one.
77 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:My Interest and DeterminationAdditional from _________ financial services, serving ____________clients, to human resources or corporate finance, I am determined ____________________ that provides the fundamentals for all businesses and individuals. Furthermore, my degree in accounting and finance, and my extra-curricular activities have taught me the importance of teamwork, cooperation, communication, social confidence and time management. These skills have further strengthened my resolve to pursue international banking.
78 Successful Answer . . . (Cont’d) Reference Example :Successful Answer (Cont’d)Example:Closing JustificationFinally, I believe that a professional is someone who is paid to learn quickly. Thus as a professional, I know I am able to adapt quickly, understand the demands of the profession, and that I will be able to take advantage of the opportunities that may lie ahead of me.
79 ABN On-line Opened End Question Core CompetenciesFor the following competency questions, please describe specific examples of things that you have done and their outcome. Please try to use different examples for each question, using a maximum of 300 words for each.
80 ABN On-line Opened End Question … (Cont’d) Describe a time when you made a significant contribution to achieving a team goal. Describe your role, what you did, the outcome and why your contribution was significant.Financial Analyst Internship : Group Project on Industry research of Biotechnological sectorIn the __________ part-time internship, I worked in a group project. The task was to carry out research of an industry of ___________ market and to locate potential high growth companies. My group chose the biotechnology sector as the target and carried out company researches and valuation of companies of the sector. There were several challenges facing us.BackgroundWhenWhatChallenges
81 ABN On-line Opened End Question … (Cont’d) One of them was a lack of time for meetings due to the heavy workload of study. I assisted the team by coordinating meetings, finding free timeslots from schedules, building online discussion platform by opening a group account and newsgroup, preparing readings and summarizing findings for meetings to run efficiently and effectively. Afterwards, we could work at home without finding timeslots to meet up.Solution
82 ABN On-line Opened End Question … (Cont’d) The second challenge was that we lacked experience in business analysis. We failed to identify the direction of the research. We suggested picking up large companies and analyzing them, summarizing history and forecasting future trend or hot topics of the industry such as avian flu drugs, Tamiflu. The supervisor kept on disapproving our proposed directions. Afterwards, I was enlightened by the high concern of the new diabetic medical inhaler and realized that focus should be put on finding out what are growth factors. We came into consensus that drugs which deal with life-threatening diseases (AIDS, cancer, diabetes) provide long term momentum for companies to grow. The supervisor approved the direction.Problem 2Solution 2
83 ABN On-line Opened End Question … (Cont’d) Finally, the presentation of the group project gained commendation from the supervisor, Mr. ________, Senior Vice President of Individual Investor Group of ______________.I always enjoy teamwork as it pools wisdom from different kinds of people; this helps arrive a better decision.
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