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CAREERS PROJECT

The career I would like to end up in is either stockbroking, assets


management or become an entrepenure.
INTERVIEW OF AN ENTREPENURE
1.
Tell me about your background (education/previous
experience/other jobs)
ANSWER
He finished secondary school and then went on to do a commerce
degree. He was accepted into KPMG but turned it down ,so he
could start his own business.
2.
Did you go to third level? Did you find that it benefitted you?
ANSWER
Yes He went to UCD to do a 3 year commerce degree. He found it
very beneficial especially in Hong Kong with the people he was
buying from
a.
How did you come up with idea? What inspired you?
ANSWER

He had seen what his father had done and he really admired that
and Once he got a taste for the dealings he loved it

b.How did you fund it initially?


ANSWER
He left his fathers company after 12 years so He had built up a
strong bank account over the years so when he left the company
he had the resources.
c.
Were there any major challenges at the start?
ANSWER

The main challenge was trying to by pass the person he bought


from so he could take their margin


d.
Do you employ/manage other people?
ANSWER

Yes He currently employs many people

i.
What are the keys to managing people in your
business? How do you keep a positive atmosphere?
How do you make sure your staff work hard?
ANSWER

He just tries to build a good relationship with staff that is


open,personal and is built on trust
ii.
What do look for when hiring staff?
ANSWER

He not only looks for people with the course and the points but for
people that have lots of confidence and people who are not afraid
to take a risk
Do you set daily/weekly/monthly/long-term goals?
ANSWER

yes He always set the goal of improving the profit each month as
this makes his staff work harder so their pay can go up

iii.
Did you see any opportunities for your business?
ANSWER
Not at the moment anyway he thinks the type of industry has
changed. Now you can just google websites that sell the thing he
buys just as cheap
3.

Did the recession impact your business?


ANSWER = the recession had a huge impact on his company as retailers had
less money so they were paying less for his goods which made him
loose lots of money
4.
If you were Taoiseach, what policies or changes would you
introduce to help businesses
ANSWER

He would lower the import tax on goods for small importers who
are trying to start a company

5.Does running a business consume a lot of time?


ANSWER
truthfully yes it does he is always checking his phone for e-mails
or missed calls from the people he imports from
a.
Do you find it difficult to stop thinking about the
business? Can
you take holidays?
ANSWER
He is able to switch once he is on top of things
6.
Any final words of advice to a budding entrepreneur?
ANSWER
Follow your passion and if you really want to do it dont give up,
just hang in there, and one last thing you need money to make
money.

Alternative job titles for this role

Equities trader
Futures trader
Derivatives trader
Securities trader
Forex trader
Flow traders
Proprietary trader
Sales trader

Introduction
Traders are responsible for making prices and executing trades in equities, bonds,
commodities and foreign exchange, dealing on behalf of or for the benefit of
investment banks. There are three types of trader: Flow traders - buy and sell
securities and other assets for clients such as futures, options and commodities.

Proprietary traders trade on behalf of the bank itself. Sales traders take instructions
directly from clients, placing orders and advising them on market developments and
new financial ventures. They are intermediaries between the client and the market
maker. Traders may specialise in a particular product, such as shares, fixed-interest
bonds or foreign exchange (FX) markets.

What the job involves

Collate relevant information and data


Liaise closely with sales staff and inter-dealer brokers
Determine market sentiment via research, valuation and data analysis
Monitor Irish, UK and international market performance
Make prices in specific products
Provide key parties with daily trading information
Interpret financial/market reports
Inform sales staff about market movements/prices
Execute trades
Gain information from sales staff about client issues

How your career can develop


Trading offers high levels of responsibility, good promotional opportunities and
impressive financial rewards including generous salaries and large bonuses.

Why financial trading matters


Financial traders are trusted with great responsibility, which can be disastrous if its
abused. In 1995, rogue financial trader Nick Leeson brought about the collapse of
one of the worlds oldest banks, Barings, through unscrupulous financial trading.

Skills

Confidence
Numerical skills
IT skills
Communication skills
Analytical skills
Interpersonal skills
Teamworking skills

Typical employers

Financial houses
Investment banks
Exchanges such as the Irish Stock Exchange
Treasury departments of major companies
Hedge funds

Typical Salary

Graduate/Starting 30,000 Senior/Potential 100,000 dependent on


bonuses earned

Typical qualifications
A good degree (2.1) in any subject is required for entry into the profession.
Qualifications in economics, politics, business, financial or numerate subjects can
be useful.

COLLEGE COURSES THAT I AM INTERESTED IN


UCD"

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DN650

Commerce
UCD (NUI)
Points 490 500
+10
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BUSINESS IN DCU "
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DC111

Business Studies
DCU
Points 455 465

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+10

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DIT
DT365

Business and Management


DIT
Points 430 445
+15
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TRINITY
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TR081

Business, Economic and Social Studies


TCD
Points 495 510

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+15

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CK204

Finance
UCC (NUI)
Points 480 505
+25
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WHY I THINK I AM SUITED TO A FINANCE/ ENTREPENURE CAREER IS AS FOLLOWS


I found found through work experience and through just general interest in watching tv
programs like Bloomberg that I really enjoy business. Also proven through my grades
business is my best subject. Also the main thing is that I enjoy the subject and for me thats
a huge plus to potentially be able to work in a job that doesn't feel like work due to the
amount of passion for the career.

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