PROFESSIONAL E-MAIL ASSIGNEMTN

Professional E-mail Assignment Choi, Hee-Seon Dr. Jeanne Sluder Business Communication 3311-012 2013, February 14

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Dr. Sluder: As a transfer student from Chonnam National University in Korea, I have only recently chosen finance as a major. In Korea, the management major was not divided into separate concentrations. When I was contemplating possible majors for UT Dallas, I hadnt decided yet what I wanted to do in the future. Because the United States specializes in finance and accounting, I chose finance as my major. This way, while studying and searching for jobs in the finance area, I determine the area of finance that I am interested in. In finance, many jobs are available. Finance students can work the banks, stock firms, or the financial departments of corporations. I have decided to become a financial analyst. The duties of a financial analyst include: Stay on top on top of financial news Analyze financial data Analyze past performance of stocks, bonds, and commodities Analyze the performance of property and development Prepare reports Make investment suggestions to businesses or clients According to Gregory Beyer, the writer for the Wall Street Journal, the average starting salary for investment analysts is $47,100 Risk-management professionals make $53,100, and annual certified financial planners average $47,100. (2010, p. 2). Gregory Beyer also explains that initially financial analysts can start their career as financial advisers who work with clients to assess their current investments and help to build their portfolios. After about two years, financial advisers can work as junior analysts. Junior analysts who have proven themselves will typically receive offers to rise to senior-level positions with varying titles after three to five years. The last promotional phases might be

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becoming a chartered financial analyst, which is a general credential that requires several years of study and passing of state exams (Beyer, 2010, p. 3). Various companies provide jobs in finance. Among them, the company I would like to work for is Korea Exchange Bank (KEB). Korea Exchange Bank is a specialized foreign exchange bank in South Korea. It has branches in many countries including Australia, USA (Los Angeles, New York), Canada, China, Hong Kong, Japan, Singapore, France, Germany, Russia, United Kingdom. If I could have a chance to work in the United States, I would want to build up my work experience for several years to provide myself the opportunity to involved in other countries. Then, I hope to return and continue working in my country. This is possible because KEB has branches in United States. According to the information from the KEB website, KEB was incorporated in 1989 to engage in the facility leasing business. The company soon expanded its business to installment financing, factoring, and loans for corporate working capital to provide diverse financial services for its individual and corporate customers. Korea Exchange Bank deals with many customers, including individual, small, and large companies, so each divided organizations and departments addresses their specialized issues. As a financial analyst, I want to work in the risk management groups, the planning and management group, or other banking groups where I can use my knowledge of finance to provide investment information to customers. While researching about financial analysis, I found out that several things are required or helpful to become a financial analyst. Maneet, the writer for the Wall Street Journal, states that Analyst must manage a wide range of responsibilities, from mundane tasks like composing pitch books for client presentations to more complicated tasks like

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creating and running financial models and analyzing the possible monetary impact of potential transactions(2008, p. 1). In addition, Granville, who was a consultant for Goldman Sachs, emphasizes the importance of the Chartered Financial Analyst (CFA) exam and mastering tools like Microsoft Excel and Power Point because analysts should interpret financial reports in the process of financial analytic work (2008, p. 1-p. 2). Financial Analysts must make efforts to work in the specific areas they desire. They have to catch up with recent trends in financial areas and expertise on dealing with analyzing information. I should try to keep working on my career and study while visualizing the day when I can work for my dream company. Best regards, Heeseon Choi

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References Beyer, G. (2010). A Career in Finance/Insurance. Wall Street Journal. Retrieved from http://libproxy.utdallas.edu/login?url=http://search.proquest.com/docview/ Exchange Bank. (n.d.) KEB Financial Network Retrieved from http://www.keb.co.kr/ Granville, C. (2012). Becoming A Financial Analyst. Retrieved from http://www.investopedia. com/articles/ Maneet, A. (2008). Landing a Job as a Banking Analyst; Strong GPA, Relevan Work Help and So Do Alumni Ties. Wall Street Journal. Retrieved from http://search.proquest. com/wallstreetjournal/ Korea