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Career Development plan

Name
Instructor
Institution
Due Date
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Career Development Plan

Introduction
A career development plan is essential when it comes to the discussion about choosing a

career life. A career development plan is a roadmap or a blueprint of how someone’s Career can

evolve in the Career chosen using a progressive career path over a life span. I am a professional

in economics with three years of experience in the economics field. I acquired a bachelor's

degree in economics, where I majored in economics which has been my strength for a long time.

I have a strong dedication to my Career, where being focused on being a key player or force to

drive organizations or artists to greater heights and achieve over the competitors ("Career

Opportunities," 2019). I foresee to archive a lot in my field and am ready to work diligently and

tirelessly towards achieving my goals. I plan to utilize the next five years to achieve the

following in my Career; branding myself, learning Spanish, learning business management skills,

learning auditing skills, and working on financial responsibility.

Where would I like to work?

Toronto-Dominican Bank is an ideal place where I would like to work there as a

professional economist. According to the MDC annual wage table, wages in the province of

Toronto in Canada earn pretty well and are sustainable to their employers in economics. Junior

economists are being paid an average of 41,746 CAD. They are followed by assistant economists

who earn an average of 53,825 CAD. We have the Health economist who earns close to 99,650

CAD and Environmental Economist who earn 90, 000 CAD

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Occupation Junior Assistant Health Environmental

Economist Economist economist Economist

Average 41,746 CAD 53,825 CAD 99,650 CAD 90,000 CAD

salary per
annum
(CAD)

Table 1
My goals and objectives
Year 1: Branding Myself
During my year in my profession, my goal will be to brand myself because this will lay a

foundation for my career advancement in the coming future. Branding myself will allow me to

be later identified as a separate entity from the business and get recognized and appreciated for

your services. Here I will create a name for myself that will represent myself in all, e.g.,

"Markesh Economist" for the brand's name. This branding will also allow me to advance into

other part-time careers that I would like to after retirement, like artist management.

Year 2: Learning a foreign language

An economist gets to have an added advantage over their competitors in their career

opportunities. Due to this, I plan to learn Spanish, a very marketable foreign language, and get

jobs in the economics field ("Career Opportunities," 2019). If the prospective employer gets to

work with foreign clients, there will be no need to employ another worker because I will be fit

for the job. More so, as I will be advancing, I will have an opportunity for future international

transfers.

Year 3: Learn business management skills

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It will be a wise step in my career journey. Getting a certificate in business management

skills is very advantageous it opens more career options and gives an added advantage over other

employees when it comes to promotional consideration. Adding a business management skill, on

the other hand, will increase my market value. I will also have the upper hand because I plan to

work artist and manage, so it would be easy if I had marketing skills. I am very positive that a

certificate in economics will be of great importance in my career life (Oh & Tak, 2018).

Year 4: Learn tableau financial analysis.

Since auditors are required in any field that requires money, making it very marketable

and a plus to those who acquire a certificate in financial auditing. Auditing will help me advance

in my Career. In addition to that, auditing skills will make me competent in my duties in

economics. This skill will also help me advance to the highest ranks with ease and fast due to the

competence and quality of my work.

Year 5: Learning financial modelling in python

During this year, I will have gained more from my senior colleagues in the workplace,

which will have helped me increase my performance in the profession. I will spend more time

learning more about financial modelling in python. Financial modelling is the key to an

organization's success; hence it becomes essential to learn financial responsibility. I will be at the

forefront to instill integrity in myself.

   
CAREER DEVELOPMENT PLAN    

           
           
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  Branding myself        

  Learning Spanish        
Learn business
         
management
Learn tableau
         
financial analysis
Learning financial
         
modelling in python
    Year 1 YEAR 2 YEAR 3 YEAR 4

Activities

Table 2

Current skills, abilities, training, and education

Table 3: professional experience

Position Organization Year

Business Services Team Ecogas Energy Resources June 2019 – November 2021

Lead

Business Development Ecogas Energy Resources Jan 2016 – 2018

Manager

Table 4: Educational Background

Institution Award Year
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Babcock University, Nigeria Bachelor of Economics 2015

University Canada West, Master of Business January 2022- Till date

Administration (MBA) in

Finance

Three steps of Action

Define Instrument to help me Prepare for my Career
In my preparation for my Career, I should make a resume that has I will have to attach

with letters to express my wishes for the economic position in the institution. I will also learn the

etiquette and ethics required for my position. Good communication skills are essential for

employee relations and work coordination (Mukaida, 2020).

Sponsorship
Sponsorship is important to help me have good relations with my colleagues and my

seniors. I will be able to learn a lot through this good relationship with my boss and fellow

workers, and through this, I will also get a chance to mentor and coach other young economists

to better their craft.

Self-promotion
It will be necessary after landing a job in economics. I will let my boss and mentors know

my ambitions and stand on my career advancement. It will allow my boss to coach me into

achieving and accomplishing my goals and finally become the chief economist before I retire

from work (Gould, 2017).

Potential barriers that can prevent me from reaching my career goal

 Poor time management

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 Procrastination

 Lack of courage

 External conflicts

 Viewing failure as mistakes in my career path

 Imbalance of family and career work.

 Decision-making confusions

Conclusion
I have a well-structured five-year development plan. Where I intend to build my brand in

my first year and the second year, I proceed on and learn Spanish so that I increase my chances

of securing a job easily. During my third year, I will learn management skills and incorporate

them into my profession so that I can increase the quality of my work. I will learn financial

auditing in the fourth year, which is very important for my career advancement to higher ranks.

Lastly, in the fifth year, I will learn financial responsibility, which will help me work and relate

well with my colleagues. These steps will follow each other systematically in that one step is a

building block for another.

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References
Career opportunities. (2019), 3(1), 62. https://doi.org/10.1016/s0197-4572(82)80085-2

Gould, J. (2017). Career development: A plan for Action. Nature, 548(7668), 489-490.

https://doi.org/10.1038/nj7668-489a

Mukaida, M. (2020). Guiding career sources. IEEE Potentials, 19(2), 20-21.

https://doi.org/10.1109/mp.2000.839652

Oh, E., & Tak, J. (2018). Study on the influence of career planning and positive psychological

capital on personal career success. Korean Journal Of Industrial And Organizational

Psychology, 25(4), 727-748. https://doi.org/10.24230/kjiop.v25i4.727-748