The ‘fresh graduate’ guide for the first 5 years on the job

Career

This post is the a part of the Education and Career Planning series.

From my 5 year of job experience I came to believe that to shine in career a person need to focus on three major things. They are

  1. Knowledge
  2. Connections (aka networking)
  3. Credibility

These three factors actually need to be used throughout ones career. However the focus should be on one specific area at a given period .

Note that this guide is definitely not a one-size-fits-all one and might not match with everyone’s unique situation. It will however give some broad guidelines. Furthermore, the most important ingredient for career success is hard work. There is no shortcut whatsoever.

Years 0-2: The knowledge gaining years

I like to say that a fresh graduate is a liability to companies in most cases. The reason is that the graduate often has no meaningful work experience (not in all cases), has to be paid and also taught. Therefore the fresh graduate should ideally prioritize knowledge and learning over everything else. For my first job I chose the one with a lower salary because I felt it had more learning opportunities. That decision paid off quite well.

It is quite easy to get lost in trying to decide what exactly to learn. The emphasis should be on one’s area of specialization. A marketing major should thus spend more time studying marketing.

Fresh graduates studying for better career planning

For my first 6 months, I used to spend hours on Amazon trying to find the best books to read. I shortlisted them in excel, read them and rated them. Finally I used to try to apply this knowledge in my job.

Nowadays people don’t have to just rely on books. There is a range of other options available to learn. Check out my presentation called “Knowledge from unconventional sources“. I presented this to students at the NSU Career fair 2013.

Years 3-4: The networking years

Gaining knowledge is great but if other people are not aware of it what is the point? That is exactly why we need to network.

My analysis shows that after 3 years of experience, an employee’s value to the employers go up dramatically. It is at this point that the knowledgeable employee has the bargaining power, specially if he/she gets other job offers.

Networking is a whole big concept by itself and I pretty much try to know as many people as I can. However, the key focus should be around ones specialization. If I am a finance person, I need to mix with other finance people.

Linkedin groups, facebook groups thus come in very handy. Sometimes if you can’t find the right group you have the big opportunity of creating one. For example, I couldn’t find a suitable facebook groups for economics enthusiasts in Bangladesh and thus “Econ Exchange” was born.

Year 5 and beyond: Getting the credibility

Now comes another very important part. We have gathered knowledge and we know a lot of people. For becoming really valuable we must show that we are experts or semi-experts in our fields. This is the time when we should consider

  1. Writing in newspapers,
  2. Opening a personal blog or website
  3. Answering questions on Facebook and Linkedin groups, Quora etc
  4. You might even go the whole way and build up your social media personality in as many platforms as possible

I hope this small attempt of mine was helpful. Feel free to post your questions in the comments section below.

Asif Khan, CFA

Asif Khan is presently a Research Analyst (Financial Sector) for Exotix which is a frontier market focused investment bank. He has more than 6 years of work experience as equity analyst in both buy and sell side roles across Asian frontier markets. Asif is a CFA Charterholder and has a dual major in Finance & Economics from North South University.

9 thoughts on “The ‘fresh graduate’ guide for the first 5 years on the job

  1. Above is my eldermost brother’s first attempt of forming a private corporation. As It happened to me be a director in finance but, not without being unable to find a job I like… 1 and half year ago. Every one of family members along with my friends still think that it is a mistake not doing mba after passing mba or getting any job, I didn”t listen and don’t listen that is a mistake at all, now instead of becoming an employee, here comes the reward of becoming an investor having hard to find finance connection with Big Bro like you…Thank you. Bro, It is the best I have yet read an article of many. Well-write ups.

  2. I am already managing some of my dad’s money and also helping my uncle make investment decisions in NYSE and NASDAQ. I’ve been doing this for almost two years and now I plan on starting an investment partnership with a friend of mine. The main reason I want to do this is to allow myself some freedom in investing and get acquainted with some of the risks of managing other people’s money (although it’s just me and my friend). Do you think I’m going too fast? And will this experience really help me?

    1. I think it is fine. I started in my final year of University. There are many other examples.

      Specially when you are investing with little money its better because even if you make mistakes (trust me you will) it would not matter a lot.

  3. Man ! thank you so much !! Your blog post helped me a lot. Now that I am in the very beginning of my career, I found your advises quite helpful. Specially the finding best books on amazon and reading them. Keep sharing your life hacks (y)

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