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Financial Markets Training, Learning & Development

LEARNING THEMES

Continuous Learning - Staying ahead of the game

last updated: 26 May 2009
Not so many years ago I bought a top-of-the-range IBM laptop with the fastest processor and largest memory on the market.  I replaced it this April with a machine that cost half the price.
The old laptop lacked wireless so I couldn’t write e-mails in the airport lounge; the battery died halfway to JFK; and I fell asleep waiting for Excel to load.  More than suitable when I bought it, the IBM was no longer fit for its purpose.

Similarly, the skills that we acquire to perform in our careers also become obsolete.  Last year’s highest-grossing sales executive struggles to manage her newly acquired team; the banker who excelled in London is not so sure-footed in Shanghai; and the star analyst downsized last week discovers that his sector is sadly lukewarm.

Indeed, the more successful you are, the quicker your job is likely to evolve, especially in turbulent markets.   Skills, knowledge and strategies that in the past served well must be updated or replaced to satisfy new needs. Such upgrades have to be made continuously - and often in advance of actual demand - if competitive advantage is to be sustained.

Fortunately, one benefit of a cerebral cortex that resembles an over-sized pickled walnut is man’s ability to adapt.  While the career needs and learning style of each individual differ, five manageable steps help you to stay ahead of the game:
  • Ask people you trust for candid feedback on your performance
  • Enjoy your success, but don’t let it blind you to new opportunities
  • Participate in professional associations and networking groups
  • Read about your industry with an eye on future developments
  • Be open-minded: sheep-farming may be more fun than sales-trading after all
It is easy to throw away an old computer.  Acknowledging the ongoing need to update hard-won skills requires courage and a firm commitment to yourself.  Yet in volatile markets acquiring and applying new knowledge is the surest way to future-proof your capability and prospects: a 2008 study showed that career-related continuous learning accounted for almost 30% of job performance.  It is worth the investment.


About the author: Graham Millington is an executive coach.  Specialising in the financial services industry, he enables senior managers to accelerate their personal and professional performance.
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