What Are Your Short-Term and Long-Term Post-Mba Goals

What are your short-term and long-term post-MBA goals? How will Columbia Business School help you achieve these goals? (750 words)

My short-term goal, after completing the MBA program at Columbia University, is to return to China and serve as a private .financial advisor at China Merchants Bank, which is the premier private banking service provider in the country and strive to become a private banking account manager or product manager in 2-3 years. My long-term goal is to set up a private financial services company that provides wealth management consulting for low-end clients in big cities such as Beijing and Shanghai, with the primary goal of maintaining and growing the wealth of clients while providing them with tailor-made financial solutions. As a means toward this end I would like to become a CIFA (chartered independent financial advisor).

As a student of Finance Management, I was lucky because I enjoyed many internship opportunities while maintaining academic excellence in my academic courses. During my internship at XXX, after obtaining a preliminary understanding of private Chinese banks, I developed a keen interested in the industry.

Because of the industries immaturity, private Chinese banks require a number of high-caliber professionals well-versed in private banking, foreign business philosophy and business models, as well as a strong awareness of customer service. Apart from a strong grasp of the basic concepts of Finance, a private finance account manager needs to provide clients with support in the fields of securities, mutual funds, insurance, real estate, foreign exchange, gold, taxes and law, which are precisely the areas that interest me.

My long-term objective is to set up a private financial services company that provides wealth management consulting for low-end clients, because there is a booming middle class in China that desires wealth management solutions but lack professional knowledge and often suffer losses when they endeavor to invest on their own.

In the month of August 2009, 1.28 million new accounts were opened on the Shenzhen Stock Exchange, including 1.27 million private accounts. There are nearly 100 million stock traders in China. If there are 1 million new accounts per month, and each account has a trading value of 20,000 Yuan, it means that 20 billion Yuan in new assets pour into the market each month. This spells a huge potential market for financial services. With the primary goal of maintaining client wealth, the company that I plan to set up in the future will provide customers with tailor-made value maintenance solutions. I plan to combine the business model currently prevalent in consulting firms and fund management firms. For financial instruments such as insurance, we will provide investment recommendations for clients; for bonds and stocks, we may pool clients’ wealth together to put it into the bond and stock markets pro