For the role of an investment banker there are various other skills and knowledge which I feel I lack in. In these areas I don’t have a strong hold and thus I feel there is a gap. In the needs assessment process section these areas would be determined under the section of task analysis.
The analysis of the areas that necessitates focus for more development and training is known as task analysis. It is by comparing the list of the skills required for the job and the list of abilities and skills possessed currently that we could find these areas. This would help us to know which areas are lacking and must be focused on with immediate action.
From the job description of an investment banker, the requirements are as follows:
- First class grades at university level.
- Proficiency in statistical softwares like SAS, SPSS, STATA etc.
- Must be proficient in predicting and assessing financial returns and risks.
- Must be able to render investment tactics, advice and recommendations.
- Preparation of legal prospectus and documents
- Must be good at liaising with lawyers, accountants and financial experts.
- Must have a global outlook with an innovative approach to tackle problems at hand.
From the list above there are many areas in which I lack and they encompass of the skill gap. There is a great need from my end to start working on them at the earliest so that I could gain these skills as soon as I could.
All training and development, according to Truelove (1995), must have some objective. On the basis of the task analysis, it was observed that there are several areas where I require more training and development. Thus, so as to improve in these areas, the training efforts must incorporate some objectives.