Career Options in Corporate Finance

Corporate finance is one field in which you receive money for handling monetary transactions. This career is well looked upon by aspiring finance professionals due to its remunerative ability. Individuals who are employed in the corporate finance sector specialize in helping companies in generating funds that are essential to support and expand business operations, set up acquisitions, manage cash resources, and ensure financial and economic stability in the future.

Working in this sector, you can find yourself aiding a multinational company or a local firm looking forward to break into the global platform. As long as you work in an efficient manner, these careers are relatively stable. As a corporate finance professional, you are not required to work on commission or other incentives, instead, your success counts on your capability to create financial strategies and plans which will beef up the company’s productivity in the long run.

Corporate Finance Jobs

Treasury Managers
These professionals handle the corporate treasury department, and their basic job responsibilities include raising capital, finances, funds, doing financial planning and managing cash and assets. Immaculate analytical capabilities, management and motivation skills are necessary in such an upper-level administrative post.

Financial Analysts
Financial analysts carry out obligations such as assessing budget projects, establishing funding requirements, semi-permanent financial planning and projections, dealing in asset acquisition and spending, and lease agreements. They are also responsible for preparing budgets, analyzing competitors, representing the company before credit houses, managing the company’s investments, and suggesting derivative strategies. They normally particularize in areas such as planning, budgeting, revenue, or project finance. They are necessarily required to have a thorough understanding of the way finance works in the business sector.

Controllers
These are professionals who are well-versed in accounts. Their job description includes carrying out duties regarding accounting, cost analysis, financial planning and reporting. Furthermore, they also deal in derivative instruments, lease and joint interest accounts, property, revenue, and benefits. They create and utilize multifarious costing systems, and handle fiscal re-engineering, auditor coordination, and transfer pricing issues. They are usually hired by accounting firms.

Investor Relation Officers (IROs)
An investor relation officer’s duty generally comprises publishing corporate financial information and events through the medium of press releases, coordinating with capitalists and investors, responding to investor queries, and conducting teleconferences and meets. He needs to be in constant contact with the company’s top management, which is why he is required to understand finance and public relations thoroughly.

Credit Managers
The responsibilities of credit managers comprise setting up ordinances for credit collection and for the auditing of receivables. These executives need to be able to evaluate accounting information and be proficient in knowing their clients and customers in and out.

Cash Managers
Cash managers deal in short-run credit requirements, and guarantee the accessibility of sufficient finances to run everyday business operations. Moreover, they also maintain healthy relationships with banks and lenders, reserve excess finances in interest-bearing accounts, and manage global and local fund transfers.

Basic Requirements

For all the above mentioned positions and posts, you need to possess strong oral and written communications skills, interpersonal skills, management skills, and a complete understanding of the role of finances and monetary factors in the market. Knowing languages such as Japanese, Chinese, French, German, or Spanish is certainly a plus point if you want to step into these careers. You may need to travel to different countries and regions for business purposes. You are also required to be willing to learn new IT technologies which aid in carrying out a majority of the responsibilities needed in this career.

Salary Range

Starting salaries in these careers with a bachelor’s degree range from $35,000 – $50,000, while salaries after post graduation range from $55,000 – $80,000.

– Financial Analysts: $40,000 – $50,000 per annum.
– Treasury Managers: $80,000 – $120,000 per annum.
– Cash Managers: $70,000 – $80,000 per annum.
– Credit Managers: $80,000 – $90,000 per annum.
– Investor Relation Officers (IROs): $80,000 – $90,000 per annum.
– Controllers: $75,000 – $80,000 per annum.

As you get some years of experience in this sector, there can be a considerable increase in your salary. Corporate finance careers are surely considered lucrative, which is why they are very much in demand.

How to Become a Spy

The world of spies appear exciting with lots of glamor and adventure, which is a contradiction from reality. A spy works in a world filled with danger at every step, by working against the enemies of his country. They provide a great service to their countrymen, but are never openly acknowledged by the governments. People who are inspired of becoming a spy, think of it as a career opportunity, filled with adventure and a thrilling life.

The World of Spies

A spy basically obtains valuable information (related to blackmail, bribery, or enticement through other forms of coercion, etc.) that is considered as confidential or a ‘secret’, through unfair means, which are generally illegal. The risk of the information being changed or countermeasures taken before the information is used, is very high. Spies are employed by a government department known as an intelligence agency, which is involved in gathering information or intelligence, for the purpose of protecting national security against its enemies. This information is gathered through different means that includes espionage, intercepting communication, crypto-analysis, and by working with other agencies of similar profile.

Working

Spies are involved in many dangerous activities. They provide intelligence analysis with the help of spy cameras, and propagation of data related to national security. A spy provides advance warning of impending crises against the country, and helps in crisis management by detecting the bad designs of opponents. These professionals have to protect information related to national defense, military operations, and secrets of their agencies by using spying and surveillance equipment. They have to act covertly to influence events in their national interests. They are mainly involved in activities such as counter-espionage or counter-terrorism.

Becoming a Spy

This is not actually different from entering any state departmental jobs. A person has to be a citizen of the country, and pass through a selection process, which is tough and rigorous. After clearing it and having good experience and proper educational background, a person can still be rejected for many reasons. Provided below are some of the basic requirements:

1. The person needs to be a citizen of the country, to which the spying agency belongs.
2. A background without any criminal or bad debts record is a must, and other qualities includes being trustworthy, ethical, dependable, and responsible.
3. There should be no illegal drug record for the last 12 months, and having no record is even better.
4. A good academic record with a graduate degree, and a score of at least 3.0 GPA or 4.0, with subjects like international relations, economics, etc., are preferred.
5. Fluency in a foreign language as a native, especially languages that are spoken in many of the world’s political and military hot spots, is necessary.

Search for current employment opportunities at the specific websites, and apply for a relevant position after examining the job description, to ensure the minimum requirements, and prepare for the following test. A medical exam designed according to the need of the job will be conducted, followed by a psychological exam to assess the level of intelligence, judgment, and mental stability. An extremely thorough and lengthy background check will be conducted, checking the character and the loyalty quotient. There also will be a polygraph test done, which is considerably thorough, and borders on the side of caution, if there is any scope of lies. After clearing the selection process, the job is offered, and the training process starts with rigorous practice for using spy gadgets, spy phones, and other equipment. Training is also given for maintaining full composure at the time of crisis, and surviving in extreme conditions. A newly recruited spy is placed under a controller, who provides some training in spying methods, with instructions for obtaining and transmitting information. A spy has contacts only with the controller, and no one else. Anonymity is maintained for secrecy and for keeping the nationality hidden. Spies work under compartmentalization; they works with the help of their own teams. This helps in situations, when a spy is captured and interrogated. He is sworn to keep all vital information to himself at all costs.

How to Become a Product Tester

There are many aspects related to the product testing part, other than just sitting at home and earning easy money. Obviously, you cannot expect to just sit at home, get a free product delivered at home, try it out, and earn thousands of dollars by just giving its review. This is not a simple task. So, let’s learn what it is all about.

Why is it Required?
Product testing is an important part of any reputable organization or company that is into production. Consumer feedback is the most important aspect of product testing. It is very valuable for the organization, as it is this feedback that decides the fate of the product. The feedback may be responsible for both positive and negative publicity of the product. Thus, companies decide to rather hire product testers who can give a feedback of their products and publicize them as well, in a positive way of course. This way, they can also have an insight into the flaws of their product, from the consumer point of view.

What Type of Companies Go for it?
Right from the electronic products manufacturing companies to popular restaurant chains, there are various organizations that try out product testing. Consumer electronic goods manufacturing companies generally try to hire people who are good at trying out electronic appliances for testing purposes. But there is no such restriction with every company. There are even some popular shoe manufacturing companies that will pay you for trying out a new brand of shoes that they have just launched into the market. You have a variety of options to choose from. You don’t have to compulsorily stick to trying out just one type of product. The range varies from kitchenware and furniture, to the latest gizmos and gadgets in the market.

How Do You Become One?
You don’t have to approach companies and go through a rigorous recruitment process to be hired in as a product tester. If you are already working somewhere, you don’t have to quit the job for getting into product testing. Obviously, for wearing a branded jersey or storing your food in a new storage facility, you don’t have to quit your job. All you need to do is search for the right website that provides you with these opportunities. Remember, any website that asks you to pay some money to get into the job is most probably a spam website. You don’t have to try out such websites, when you have a number of other websites that offer you with this opportunity for free. You have to just fill in your name, email id, address, and other such personal details in the website’s registration form. You will also be provided with a list of categories. You can choose those categories that interest you. If you have an experience of working in a certain field that you are interested in, you will also be provided with the space to fill in your experience. What next? When a new product is launched into the market, which falls in one of the categories you are interested in, there are chances that the product will be sent to your doorstep. However, know that there are chances, but not definitely. This is because there must have been thousands of people who have registered into the website database. It’s not possible for the organization to send in a sample of their product to each and everyone for free. However, many websites promise that a product will reach you within one month from the date that you have registered on.

How Do You Test the Product?
You use the product just like any other consumer. Use it as per the company guidelines or manual that has come along with the product, and check out if it fulfills all the promises made by the organization. If you find the product worthwhile, you have to publicize the product by word of mouth. You have to simply create a fuss about the product. If there is any negative feedback or improvements that you think are advisable, you need to report it back to the company.

How to Become a Home Inspector

A career as a home inspector involves climbing over, going underneath, and through houses, for examining any flaws or defects which can possibly cause problems to the possessor of the house. It includes a physical examination of the complete apartment, building, or row house; and drafting an elaborate report on the condition of all parts, mechanical systems, and the overall structure. The information contained in the report is referred to for taking significant decisions regarding the purchase of that particular property. Home inspectors generally particularize in determining unobserved problems like ‘white ants’ or ‘mold’. They are mostly employed by insurance firms and financial companies. Nowadays, they have also started using technology such as laptops and digital photography to help them carry out their work in an effective manner.

House owners and prospective home buyers largely depend on these professionals to assist them in providing recommendations regarding their investment. Home inspectors need to be proficient in examining and scrutinizing the house components and systems, and must know where potential problems could exist. They should have the required knowledge and ability to describe the exact condition of the property in a concise and instructive manner. If one wants to get into this field, he must undergo training in areas such as house foundation; drainage systems; roofing; plumbing; writing reports; heating, ventilating, and air conditioning (HVAC); electrical systems; and environmental issues.

Education and Training

In a majority of the states, one is required to complete a certified home inspection course along with a General Educational Development (GED) diploma, or a diploma from high school. Moreover, possessing a college degree in engineering, construction management, or architecture can be advantageous. If you have done some field work or have hands-on experience in house construction and redevelopment, it is a big plus. Other prerequisites include excellent verbal and written communication, computer awareness, acquaintance with property sales, knowledge of property management, and all legalities of real estate and housing.

You can select a related course from several technical schools, which would facilitate you to gain a certification. There are various related organizations in the US, which also provide online preparation courses. Such courses include topics like checking gas lines and systems, examining doors and roofs, assessing the house structure, ensuring safety in electrical systems, and evaluating the plumbing and water supply network.

Gain Work Experience

Next, you can search for an opportunity to work under the supervision of a certified professional. Observe what he does and make a note of the duties he performs. You may also work as a trainee or an intern in a home inspection company. This would enable you to understand the job in-depth. In most states, you would need to get permission to work as a trainee.

Get Certified

For you to be eligible to work as a certified practitioner, you need to be accredited by the American Society of Home Inspectors (ASHI). For this, you should have passed the National Home Inspector Examination. Other requirements include having the required work experience (at least 250 home inspections), completing the appropriate training, and the inspection reports verified as ASHI-compliant.

Career Prospects

The ASHI estimates that only 77% of homes sold in the US and Canada today are inspected prior to purchase. Which means that the market is still under-served, and there is ample scope for growth in this field. Generally, these professionals earn an average revenue of USD 75,000 per annum, but this figure can vary with the size of the client base one has.

Construction Management Career Information

A construction manager is known by various other profile names – constructor, construction superintendent, general superintendent, production manager, project manager, general construction manager, executive construction manager, general contractor, contractor, and subcontractor. It may require him to be available 24×7 to deal with the infinite number of problems at the site. He may be self-employed or working on a payroll for an organization.

Qualification: A solid background in building sciences, combined with some relative experience is the ideal qualification. Relevant knowledge of business administration would work further to your advantage. This branch is also known by other names like construction science and construction technology. The course duration is generally four years. Candidates with a master’s degree get hired very easily by the large corporations. Candidates who are hired are thoroughly assessed on their understanding of plans, drawings, cost estimation, and management skills. Generally, people rise to this post after gaining sufficient experience in crafts work, supervision, etc. An additional certification from organizations like the American Institute of Constructors (AIC) and Construction Management Association of America (CMAA), though not compulsory, would definitely act as a positive factor in the candidate’s resume.

Career Opportunities: Being one of the fastest growing sectors all over the world, it has been studied and estimated by various labor science bureaus, that the non-residential construction industry will have an even more rapid growth by the end of this decade. As the industry keeps making faster strides, the need for experienced human resource will also rise.

Job Profile: A major part of the job is carried out outside his office, at the site. He has to be available at the site almost throughout the working day, and analyze and troubleshoot any problem that may arise. Small projects like renovating a residence are carried out by self-employed individuals, who directly deal with the workers and execute the entire project. In larger projects like those of bridges or commercial centers, the work is divided amongst a number of construction managers. A construction manager is responsible for a wide variety of jobs related to the different sorts of constructions, that may vary from commercial and residential buildings, to bridges and roads. The entire construction work is planned by him. He divides the work into small parts, and estimates the time and financial resources needed to execute each part. His planning has to be precise, and he needs to take into account the various calamities or unavoidable circumstances that may arise during the execution of each of his plans. Multitasking specialties and working under pressure are very important attributes that one needs to possess in this role and environment.

Financial Benefits: The remuneration generally depends on the type of project being handled. The geographic location of the site is taken into account when deciding the salary. They generally have to work far away from their office, and in many cases, they are sent to work outside their city or country, which makes their career generally very lucrative. They are also entitled to different types of bonuses and allowances.

It is a general view that the business has also been hit by recession just like any other industry. But, the career prospects in this industry are not going to dim. Rising market conditions are always accompanied by a number of constructions. As the economy starts growing and getting better, it will be the need to keep the infrastructural growth in pace with the recovering economy.

Dermatology as a Career

Dermatology deals with the diagnosis and treatment of diseases related to the skin, hair, and nails. The skin is prone to various diseases like acne, skin cancer, psoriasis, eczema, warts, etc. Even hair related problems like hair loss, dandruff, etc., are common. A dermatologist is a qualified physician who diagnoses and treats these problems.

Job Profile

The job responsibilities of a dermatologist include diagnosing and treating disorders related to the skin, hair, and nails. For the purpose of diagnosis, he may draw skin, tissue, or blood samples and test them. Based on the test results, he administers the required treatment in the form of medications, radiotherapy, or surgery. In addition to this, he also performs aesthetic procedures for those patients who wish to improve their skin. The various cosmetic procedures that dermatologists perform as treatments include laser therapy, dermabrasion, botox injections or collagen injections, plastic surgery, etc.

Educational Qualifications

Bachelor’s Degree: A four-year Bachelor’s degree with a major in either of the three – biology, chemistry, or physics is required.

Medical Degree: Dermatologists fall under the category of physicians, so they attend medical school to obtain a four-year medical degree (M.D or D.O).

Residency Program: After obtaining the medical degree, dermatologists have to complete a three-year accredited residency training program. The first year of the residency program includes emergency medicine, internal medicine, family practice, general surgery, gynecology, and obstetrics or pediatrics. The next two years focuses on dermatology-specific courses like biochemistry, dermatology, physiology, keratinocytes, melanocytes, skin signs of HIV infection, pathophysiology of UV irradiation, etc. They are also trained on record keeping, counseling of patients, and diagnostic testing. Specializations in dermatology are available in the fields of immunodermatology, cosmetic dermatology, dermatopathology, veterinary and pediatric dermatology.

Licensing

After completion of the residency program, a license has to be obtained to become a practicing dermatologist. For this, dermatologists have to qualify the three steps of the USMLE exam. They also have to pass the Board Certification test conducted by the American Board of Dermatology. Re-certification is required after every ten years.

Workplaces

Dermatologists work in clinics, hospitals, and health care facilities. They also find employment as lecturers in medical colleges. They are also in great demand in clinical research facilities, which also helps them complete a MD.

Earnings and Benefits

The estimated average salary of a dermatologist is USD 235,178 in the US. Self-employed dermatologists manage their benefits by setting their consultation and treatment fees, but the salaried ones enjoy benefits like paid holidays, insurance, retirement plans, etc.

Dermatology is a fast emerging field owing to the rapid growth of the healthcare industry. It has been predicted by the Bureau of Labor Statistics that the scope for dermatologists is going to be vast in the coming decade. Those who wish to take it up as a career should have a friendly approach, sensitivity towards the needs of patients, and most importantly, passion and zeal towards the profession.

Careers in Community Development

The term community refers to people who are bound together by common interests. Ideally, a person who is already a part of a community is able to lead the others or volunteer services for people in that community. There are a number of exciting and personally rewarding options in community service. You don’t have to be jobless to take on the responsibility. Though there are openings for volunteers and students, there is also ample scope for professionals to pitch in, whenever they can. Among the many careers in community development, there are some that focus on community organizing and finance, while some help in the development of new businesses and business coaching. The many options open for full-time positions as well as for freelancers include:

Organizer of Community Development
As an organizer, you have to help develop and redevelop the existing community. The task involves breaking through barriers and enhancing career advancement opportunities for people within the community, as well as ensuring their lateral development. As an organizer of employment opportunities, you would be responsible for identifying different institutions that could help members in the field they are interested in. Business networking is important to help members fit into desired roles at work. As an organizer, you would first have to study the community, especially if you are not already a part of it. You would need to weigh the pros and cons of the community-defined paradigms and regulations before ushering in change. A careful analysis of self-assessment forms and suitability for a particular vocation would be at the helm of research for each member you help. Your primary responsibility would be to monitor growth and progress and enable the community to remain buoyant even in adversity, while adhering to workplace ethics.

Finance Consultant

Offering your expertise in finance to a community involves a lot of groundwork and networking skills to make the resources required easily accessible. Financial consultancy could address housing, education, business, or any other monetary requirement. You would need to assimilate information and stay updated on the recent developments in the fiscal world. Finance is a sensitive arena and being professional about all dealings is of utmost importance. As an integral part of the community, you would need to handle all dealings meticulously. Even as a volunteer in some community that you are not already a part of, the advice and guidance should be made available from a resource base that is sound and established. The job profile of a Financial Consultant in Community Development is very fulfilling. You get a chance to see the fruits of your labor through advice and guidance, instantly. The love and respect that you gain is immeasurable. This profile in financial management gives you the opportunity to be a part of a network of both, resources and investors. As mediator, the job enables you to help a staggering businessman through business consulting strategies, as well as ensure that funds are accessible dot-on after retirement, in the case of senior citizens.

Community Upliftment and Empowerment Executive

As an executive responsible for community upliftment and empowerment, your primary duties would involve identifying trouble areas and developing a strategy to approach them directly. You could opt for any one arena or take on complete responsibility for fiscal aid, rehabilitation, vocational assistance, and even facilitate education to the student community. As a facilitator for upliftment of the community, you would be interacting with two distinct categories of people, whether or not the community is the one you belong to. One category would comprise those who are recognized within the community and can help you gain access to the other category or group, comprising those who need help. Here too, you could choose to freelance or work full-time.

Educator and Counselor

As one facilitating access to resources for higher education and counseling the student community, your social networking skills would ideally revolve around identifying and tying up with educational institutions, career education forums, and vocational training centers. The job profile enables you to assure the community of a great future, since you would be primarily dealing with children, adolescents, the youth, and adults on the verge of making important decisions pertaining to a vocation. The job descriptions, salary ranges, resources, and volunteer positions are designed for a line of work that is very fulfilling. There are a number of other interesting and career opportunities with non-government organizations or NGOs. All it takes is the right qualifications and social networking skills and the right intent to compliment the philosophies as well as the expectations of any community.