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Monthly Archives: May 2018

Future Career in Finance

Blockchain Specialist

Blockchain is the technology that was introduced by the Bitcoin. It was originally designed as a decentralized digital currency. The key behind blockchain technology is that it allows reliable transactions of value between several parties without the need for a central authority. The potential applications to the banking industry are still uncertain. We could see it replace the current system for transferring money between local and global banking entities. The strengths of such a peer-to-peer system could also be used to propagate, between financial institutions, details on each economic agent.That would allow a bank to know very quickly if a particular client can be trusted, and thus greatly reducing compliance costs.

One thing is certain however, this technology will have a huge impact on the industry in the decades to come. Most major banks have invested in research on this technology. As Simon McNamara from RBS has said “I don’t know what’s going to succeed. What I’m certain of is that we are going to see blockchain solutions and peer-to-peer solutions emerging in our industry and we want to be close to that development.” Blockchain specialists will have a strong interest in both computer science and economy.

Data Scientist

This one may be the most obvious. Banks are already recruiting loads of data scientists, and giving them some of the best paid positions in the industry. However, this is only the beginning of the revolution. As the algorithms get more and more sophisticated, the mission of computers will slowly move from applying a strategy to finding strategies by surfing huge amount of data.

Data scientists will design systems that will explore huge databases containing all kinds of data; historical prices, news, and even personal information on clients.; All of which will uncover invisible correlations and unknown relations between objects. It will then be able to run a strategy based on these new findings.

Ultimately, banks will have computers that will learn on their own how to make money from a huge compilation of diverse data. The focus of the competition will be to attain the best data and input it into these computers. This will be the application of machine learning to finance.

A data scientist is a specialist in statistics that also has an interest in computer science.

Financial Psychologist

The most experienced bankers will tell you, short term moves in price are explained in part by human psychology. In order to improve their decision-making process, banks will have to take these human parameters into account.Technical analysis can be seen as a precursor of this discipline, its goal being to capture some human behaviors by spotting recurring pattern in historical prices.

Get Moving Careers

Does it give you the fulfilment you were looking for? Could it have been different, still? For many people, after having been through the past so many years in their current career, they wonder if they are indeed getting the inner fulfilment or inner success that they really wanted.

Consider the following questions:

  1. Do you love and enjoy doing what you do at work?
  2. What are those 3 things that you like most about your current job or career?
  3. What are those 3 things that you dislike the most? What could have been different?
  4. If there was one thing that you would like to change in your career, what would that be?
  5. Do you feel there is something better for you out there?
  6. Assuming you had all the skills and the right beliefs to make changes in your career, then what would your career look like?
  7. Are you in a situation where you want to make a career shift, but do not know what to do?
  8. If yes, then what is holding you back from making that shift?
  9. Have you set any short-term and long-term goals for yourself that you wanted to achieve, and by when? If yes, are you facing any challenges?

These are some powerful questions that you might ask yourself, and you would have noticed that the focus of these questions was more on the inner-self, i.e. what do ‘you’ really want. Could this make your career more enjoyable, rewarding, and fulfilling?

If you said “yes”, then a Career and Performance Coach can help you. Read on to find out how…

There are people who have their jobs but certainly not the dream careers they desired, and wish to transition, while some people are in the process of getting into the right career of their choice. Then, there are others who are doing well in their present careers but want to raise their level of performance. Often, people face roadblocks as they move forward, and there could be psychological, behavioral, or emotional issues that come in the way of their progress. This is where a Career and Performance Coach could help you. A certified Coach supports you in making informed decision about you career development and trajectory. Through an interactive process of inquiry and dialog, the Coach provides you with a deeper insight into yourself, delving into your thoughts and beliefs, understands your motivational triggers, and helps you discover your true potential. The outcome is to make you realise what you really want to do, chart out a clear roadmap, identify and eliminate the limiting beliefs that come in the way of your progress, and guide you towards achieving your goal.

Read Job Posting Description

1. Do I have the experience that this position requires? – Job postings will have the minimum years of experience the candidate must have. If the employer asks for 5 years of experience and you are a recent college grad, or have 3 years of experience, then you will not meet the requirements of that particular job, and you will waste of your time and effort to applying for the role.

2. Do I have the education or training the position is asking the candidate to have? – The job description will indicate the education level the company would like you to have (i.e. high school diploma, some college, bachelors’ degree). If you did not graduate from a university or college and this is the minimum requirement, then your chances of getting an interview are slim to none.

3. Are you qualified? – Job postings will have the required qualifications that will be considered for the position. Some postings will list 3 or 4 required skills while others may list 10+. Read this section carefully. This area of the posting will provide keywords to include in your resume, and will also provide you with the list of responsibilities that you will be expected to complete if you are hired. Your resume should highlight achievements in most of these areas. If not, then the hiring manager will not consider you the right candidate for that role.

Accurately reading a job description is imperative. If you don’t then you won’t get an interview. Don’t waste your time applying to positions when your skills, education, and/or experience do not meet what the posting is asking candidates to have.

Exploring Career in Financial

You can’t just expect to walk in and nab a “plum” financial planner position. You must show proof that you possess the necessary qualifications. A Bachelor’s degree in a financial field is an excellent starting point. It may get you in the door at some places. However, more and more employers are insisting that applicants for financial planning positions possess an MBA. This is especially true if you will be seeking a position that enables you to climb the corporate ladder to a senior management or even partner position.

You Will Need to Obtain Certification as a Financial Planner

The next step to becoming a financial planner is to obtain the necessary certification. The two most well-known types of certifications are Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA). To qualify for the CFP exam, you will need three years’ experience in a finance-related industry. You also will need to have a Bachelor’s degree or better. And, finally, you will need to pass a thorough background check. The exam itself lasts 10 hours and is split over 2 days. To qualify to take the even more grueling CFA exam, you will need four years’ experience.

It Pays to Get Your License to Sell Stocks and Bonds

As a financial planner, being able to sell stocks and bonds is not necessarily a requirement. However, being qualified in this area certainly doesn’t hurt. You can obtain a Financial Industry Regulatory Authority (FINRA) license, such as the Series 6, 7 or 63, to be able to sell mutual funds, stocks, bonds, or insurance to a client. It’s an excellent way to gain more valuable industry experience and qualifications. At the same time, you are also making yourself indispensable to the needs of your clients and your employer.

What is the Career Path of a Modern Financial Planner?

Once you have achieved the necessary college degree to enter the financial industry, your career path will require first gaining three or four years’ worth of experience in junior positions. After gaining the necessary certifications, you will be able to work as a financial planner in an unsupervised capacity.

You will be qualified to receive your base salary, plus incentives and bonuses. That can easily add another five figures to your annual pay. As you work your way upward to a senior position, you can earn a six-figure base salary with matching bonuses and incentives. The career of a financial planner is thus a highly lucrative path to consider.

Find a Job Fast

The way to get out of a job search and into a great job fast is to hit it hard and be aggressive. You’ve got to talk to people, be your own best advocate, and learn to sell yourself for the job. You’ve got to learn to think of yourself as a product that someone, somewhere really needs. If there ever was a time to step out of your comfort zone, this is it.

What are some of the fastest ways to find a job? Without a doubt, the best, most direct way is contacting the hiring manager directly. The secret is contacting them whether or not you see that they have a job posted. This can be scary for some, but it is truly the most effective way to get an interview. It uncovers hidden jobs (estimated at approximately 70% of all open jobs at any given moment) and gets the attention of the person who can actually hire you (the hiring manager). Other good ways? Networking is one… but don’t think it’s only limited to those related to your career area. LinkedIn is another good one (but then again, that’s another version of networking).

Job boards and career fairs are what many people do, but they are less effective than you think. What you need are new ideas and fresh angles for lots of different paths to finding a job. How about: going to your previous boss, going to companies you interviewed with in the past, job shadowing, or YouTube?

You’ve got to think outside the box a bit in today’s competitive market. The more job leads you uncover, the more interviews you’ll get. You’ll boost your feelings of power and confidence, as well as your chances of getting a great job offer (or several job offers). You will have choices over what job you take, which gives you tremendous control over your own career, as well as a superior negotiating position when discussing salary, benefits, or bonuses.

International School Employment

1. Evaluate how necessary it is to take up an international teaching job

Jobs for teaching English abroad are the most common, but you can also find other openings. To start the process, it is important that you take the time to think why you want that international school job. What makes it better than a local teaching job? Are you ready for the move and what effects might that have on your life? Traveling to take up a teaching position abroad is more suitable for single teachers compared to married ones who might end up leaving their families behind for extended periods of time. Before even starting your search for a job abroad, ensure that you are up for the challenge.

2. Find out how legit the job and the school is

The last thing you want is to travel only to find that the school is not what you expected. Find out as much as you can about the school and also the job in question before applying. The internet is a good place to look it up and from the reviews on directories and other sources you will be in a position to know how genuine the offer is and how competitive or good the school you are about to join us. Think also along school curriculum and how qualified you are or how possible it will be for you to teach probably in different curricula from what you are used to.

3. Evaluate the salary package

Most teachers choose to teach abroad because of the benefits they get in terms of the salary package. But even when looking at the salary offered for the position, it is very important that you consider the cost of living in the country or region you will be teaching in as well as the local taxes that directly affect your salary. Salary ranges for teachers vary from place to place and it is also important to remember that whereas some offer housing or utilities as part of the salary package, some may not offer such. Think about airfare, medical insurance, tuition for children you are tagging along, transport allowance and professional development training benefits. Make sure that the salary you are bound to get is indeed reasonable enough for the international move you make.