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.

Which Career is Right for Me

Selecting a career and further career development goals form an important part in everyone’s life and therefore, choosing the right career becomes equally important. But many people spend their lives running behind things which are not meant for them, or in which they are not interested, but are doing it just to earn a living.

Let us discuss what a person expects out of a career. Or specifically, what you would like your career to give you―happiness, satisfaction, success, security, excitement, time for family and friends and of course the financial benefits. Well, these are the basic factors that one expects out of a career. You can decide the order of these factors according to your own demands and expectations.

Choosing a career is very important for everyone. This is because if you have a definite path to follow in life, it will be helpful for personal goal setting. With your goals set, you can start working in a definite direction and succeed in life. Now, you might say, “Come to the point. I know all this! Just tell me, which career is right for me?” An interesting fact is that all the above mentioned facts themselves are going to form the base of your career development and also help you to select your career.

Selecting a Career

Determine Your Interests

This is our first point of discussion, because what interests you is more important that anything else. Do not let the different career opportunities in the market confuse you. Rather you should be able to find the career of your interest. Do not let your dream to ‘get set in a career’ make you fickle-minded. If this happens, you will find yourself doing something that you are not interested in. Follow your interests. Do not opt for a medical profession just because your friends have done it or your family members have told you to do so. Of course, the medical profession is indeed a good career option, but here the question is, are you interested in it? If yes, then go ahead.

Think Logically

Suppose you have chosen to pursue a career in engineering. Think whether you can afford to study engineering? Do you have enough resources available to initiate and continue with the studies? Are you good at science and mathematics? If yes, then don’t wait! Step ahead. But, if you have an element of doubt for all such questions, you need not worry! Just make sure that you make all the necessary arrangements and avail a bright career that is waiting for you.

Foresee your Career Scope

Many times, people choose a career which is booming, but then the demand collapses after a few years which can lead to a situation. Such people do not have any option other than a career change. However, to avoid such a situation, choose such a career that has a bright future after some years or at least when you will complete your studies and start working. Do some research and also consult your elders in this regard. Their experience would help you find a way out, but yes, speak about your interest to them. Do not think of a career having a bright future 20 years down the line, as of no use at this stage. Choose something which has a steady future in terms of growth. However, small ups and downs such as saturation point in the field or economic recession are part of the global economy. Such things should not divert you from your motive.

Make a List

While making a choice, make a list of all the things that you expect out of your career. I have already mentioned the basic expectations, find out whether you want something more. Check out if your choices be able to fulfill those aspirations.

Explore your Uniqueness

You might be average looking, but remember you are unique and there is no one in the world like you. Do not sail in the boat of common people, just chasing financial aspirations or just working for the sake of earning your bread. Choose a career that would bring the best in you and therefore become a good medium to prove yourself to the world.

Make a Wise Choice

Do keep in mind, all that glitters is not gold. The objective behind this is that you should not run behind glamor or things that look beautiful from far. Make a wise choice. Whatever your expectations might be, everyone at the end of the day wishes for happiness and satisfaction. Some career options might appear thrilling and exciting to you in the beginning, but with a detailed study, you will understand the drawbacks in them. Therefore make sure that your choice is wise and you won’t need to repent on your decision in the future.

Choosing a Career Path

High school students would surely have been confronted by questions about the career they are going to opt for, by family, friends and relatives. While some have prompt replies for these queries, there are many who still do not have any clue about what they are going to do in the future. Besides, there would be cousins and relatives bombarding them with suggestions about career options that they should choose. Sometimes, due to too much pressure from parents or due to confusion, students take up a career which ensures excellent monetary prospects without realizing whether they have interest in them. Such decisions would most likely lead to dissatisfaction at work, where the person may not be able to enjoy the job at all. To avoid such situations, it is extremely important to think and research well about different career options that one finds interesting.

Career Path Planning
The basic criteria to choose a career would be the skills that you possess. For instance, if you have good writing skills, then a career in creative writing would be good for you, or else if you do well in science and mathematics, a career in engineering would be a great career option. As you have good skills in these areas, surely you would be interested in careers that would help you in exploring your skills and talent.

The first step towards choosing career paths is planning. The career planning process is where you go through the variety of options that you have. Here, you can also take the help of a career counselor who would help you in filtering out career options that would suit you. An aptitude or personality test would also help to determine the career that would match your skills the best.

If you have a particular career in mind, you can do an internship or part-time job in that field to make sure whether you would like to work in such a situation. Many times such jobs serve as an eye opener where many people have realized that it was not a job meant for them. However, there are many others who have taken it as a great experience which helped them in their future education and career.

List of Career Options
In today’s world there are a variety of career opportunities that one can choose from. Here we shall see a few examples.

Human Resources: The human resources career path has become a much sought after job by many graduates. The role of a human resource manager is to recruit employees in a company, develop and maintain company policies, evaluate the performance of the employees, act as a link between the employees and the company, etc. The educational qualifications required to become a HR professional is a Master’s degree in human resources. However, more than the degree, the most important skill required to become an HR executive/manager is good communication skills.

Medicine: The field of medicine is considered to be a very prestigious career option. People who are interested in biology and mathematics can choose a career in medicine. Medicine is a vast arena, where one can work as a physician, nurse, etc. Medicine is a field where one gets job security as doctors and nurses would always be in demand. However, it is a job that involves lots of responsibilities and requires people to have the ability of making quick and important decisions.

Marketing: In recent years, marketing has becomes a much sought after career. To choose a career in marketing, one should have excellent communication skills as it is the responsibility of the marketing professional to promote the products and service. Marketing as a career promises great growth and development if a person is ready to work hard.

Other career opportunities include engineering, fashion designing, web designing, journalism, teaching, etc. Other than these, there are many who convert their hobbies and interests into a career. For instance, if you love to design clothes for yourself and your friends, then a career in fashion designing would be good for you, or else you find arranging dinner or birthday parties at home as fun, then as a career in event planning would be the best for you.

Choosing a career is definitely an important task which would determine your entire future. Every job requires hard work for a person to become successful, moreover if the job is one that excites you, then you will surely emerge as a winner.

Career Planning Information

Most people with soaring careers go through a lot of stress while deciding their line of work. Getting started with your career gives you a plethora of options but making the right career choice is like looking for a needle in a haystack. The important part while deciding the best career for you, is knowing your capabilities. It is imperative that you are fully aware of what skills you have, your traits and which combination of your attributes will maximize your performance.

As the famous quote, “failing to plan is like planning to fail” holds true no matter what kind of a choice you are make. Planning becomes very imperative when it comes to making your career. A well-planned career is a result of sincere efforts without a trace of waver. Visualize your goal, set your standards, and memorize your mission statement!

Analyze the formal education that you have received over the years and how it has molded you. If you stem from a commerce background, then finance, management, chartered accountancy and many more commerce-related fields will be open to you. This does not mean that the other areas of professional work have shut their doors down for you. Shifting to an entirely different profession, is not as big a deal as it seems. With proper education and a little experience of the related field, you can easily make that change happen.

Another way of going about choosing your career option is consulting a career counselor. The career counselor will help you to analyze your capabilities and skills. This will open up an ocean of career alternatives for you and help you to decide the plausible choices you can make. Take a career test or aptitude test determine where your inclination. Depending on the result you will be able to hone your skills and subsequently make a choice which will do justice to your talents.

For engineers, who wish to opt for a career in management, enrolling in MBA programs prepares them for the sought career. Even for those who think their careers are stagnating and their potential is being wasted, a career change can help in achieving job satisfaction. To reach these high standards, choosing the right field that matches your expectations, is important. Before embarking on a new career life, make sure that you have researched the subject thoroughly.

Considering your family while deciding your career, is a vital aspect. If you are married, take your spouse’s opinion about the choice you have made. Calculate the finances that you would have to invest, spend or save, to make or change your career. After all, Rome was not built in a day and in accordance to that, revenues will only begin to flow in, only after a gestation period. An important suggestion you might want to consider is, add an element of interest in your career. This way, you’ll always be close to those dreams you always wished came true.

Stages of Career Development

Career development is a process that takes place over the life span and on the assumption that biological, psychological, sociological, and cultural factors influence career choice, changes, and withdrawal across the stages of development. All these are based on development theories.

The career life span is of three stages in an individual’s lifetime. They are..

– The fantasy state involves role playing and imagination.
– The tentative stage reflects a person’s growing awareness of interests and abilities.
– The realistic state entails the identification of a career choice.

Furthermore, the theory is identified four factors that shape an individual’s career decisions. The factors that have an impact on your development are as follows:

– Individual values.
– Emotional factors.
– Amount and kind of education.
– Effect of reality through environmental pressures.

Lifespan Theory

Lifespan theory is developmental and humanistic in nature has been extremely influential in the field.

Lifespan: Development is lifelong and occurs throughout five major life stages. They are infancy, childhood, student life, adulthood, old age and death. Each stage has a unique set of tasks and accounts for the changes and decisions that people make from work entry to retirement.

Life-space: People have skills and talents developed through different life roles, making them capable of a variety of tasks and numerous occupations.

Self-concept: Understanding one’s interests and skills is key to the right career choice and satisfaction. People seek career satisfaction through work roles in which they can express themselves and implement and develop their self-concepts.

Career Counseling

As the process unfolds, so does the client counselor relationship. The following five stages describe a general approach to the career counseling relationship:

– Dealing with change.
– Developing career focus.
– Exploring career options.
– Preparing for job research.
– Obtaining employment.

Like any counseling process that proposes stages of development, those described for the career counseling process also must be viewed as recursive. In each stage of career counseling, there are three areas of focus: exploration, task, and developmental outcomes relevant to the stage.

Dealing With Change: During this first stage, the counselor builds the relationship by providing unconditional positive regard, listening to the client’s expressed needs, exploring the personal emotional issues related to the process, and uncovering possible resistances to career exploration.

Developing Career Focus: When some of the outcomes of the first stage are achieved, the counselor begins to help the client develop career focus. The counselor guides the client in selecting and completing assessments and activities that help the client to pinpoint choices for career exploration.

Exploring Career Options: At the third stage, the counselor takes on the added role of educator and helps the client gain a realistic understanding of the tasks involved in career exploration. This includes personal instruction and directing clients to other resources such as books, websites, or job search groups and clubs.

Preparing for Job Search

While helping the client prepare to a job search, the career counselor continues in the role described in the third stage; however, it becomes important again for the counselor to support the client in interpreting career exploration experiences, gaining additional insight into his or her career identity, and fine-tuning career goals. The counselor also continues to provide practical assistance to develop the client’s job search skills. As well, the counselor begins to shift focus to necessary skills development that will aid the client in preparing for and obtaining employment.

Career Counseling

Individuals have a wide choice when it comes to choosing the career of their choice. At the same time, a wide choice leads to confusion and people need help in choosing the right occupation that fits their interests, skills, and personality. You can take the advice of a career counselor to understand which field or domain you may choose based on your skills and personality.

Career counseling is a vast niche field that involves helping individuals choose the right vocation based on their individual interests, personality, skills, and values. Counseling comprises career placement, planning, learning strategies, and student development.

Personality Evaluation

Some preliminary tests are conducted by career counselors to understand the psyche or personality of an individual. These tests comprise various questions that will help the counselor understand your area of interest, skills, values, and what kind of occupation excites you. There is no right or wrong answer in such tests; it is only a method of expressing your individuality.

Various types of tests that determine your interests, personality, motivational factors, and your aptitude help the counselor gain a better understanding of your professional interests that may not be explicit. Each test is designed to provide them with the appropriate information, so that they can give feedback that ensures you choose the ideal career and achieve success.

Personality tests are the most common test used to specifically determine your inclination for a certain type of occupation. Such tests focus on the psychological aspects of an individual and measure their personal characteristics, emotional makeup, and stability. It can also help you self-evaluate yourself and understand where you stand in the career planning process.

Intelligence Quotient

Depending on the choice of career you make, you also need to evaluate your IQ (Intelligence Quotient). Intelligence tests determine how smart you are, which is a prime indicator of your analytical skills, logical thinking, and of course intelligence! Every organization looks for a smart worker rather than a hard worker as an employee. A smart or intelligent employee adds a lot of value to the organization by channelizing his/her individual objective towards the larger interests of the organization.

The Best Fit!

Career counseling primarily involves identifying the potential of an individual and mapping the same to an appropriate occupation in order to leverage the individual’s skills towards building a successful career. To put it simply, it is the process of finding the best fit to make an informed professional choice that suits an individual’s personality and skills. For example, an extrovert who can get along with people very easily can excel at a job that involves meeting and interacting with people. S/he can work very well in a team/ group. Alternately, an individual with an analytical mind who is good with numbers can excel in a banking job or any job that involves analysis and interpretation of financial data.

If you are someone who loves meeting different kinds of people and are good at analyzing and judging a person to a certain extent, and more importantly, can provide unbiased feedback and advice to individuals, then you can become a career counselor. Additionally, it is essential that you have a deep understanding of the dynamics of various domains and the current requirements in every industry in order to help aspiring freshmen to shape themselves accordingly.

It is generally observed that individuals excel at something when they do it with passion. It is vital that you enjoy what you do on a daily basis to perform well. The best way to choose your vocation is to speak to a career counselor to understand your strong points and to continue in that direction. An informed decision is the best decision.

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 24Ă—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.

Lateral Career Move

While the world has slowly and steadily recovered from the economic downturn that it had seen in the past couple of years, the job market is still pretty sluggish. Often it can be difficult to find a job in your area of work. In such a situation, considering a job shift to another sector can be an option that should be taken very seriously. It is also a choice that you can make if you feel like your professional life has reached a dead end. Whatever your reason, lateral job shifts can often be exactly what you need to look outside your humdrum existence and do something different and challenging in your work life.

Why Opt for Lateral Career Move?

It can be quite a huge step to move from your comfort zone and thinking of opting for a job in another department or another sector. But such a career jump, though a cause for nervousness can be in fact a very good move. With the changes that have occurred all over the world where organizational structure and company hierarchies are concerned, seeking a lateral promotion may actually be a good idea. Many companies, in the wake of recession, did away with middle management position, and obviously promotion opportunities went down. In such a scenario, an employee with great work experience across the board is always a better candidate to be taken seriously. Lateral job shifts are often great ideas for a career change. An ability to make use of a job opportunity in another department also gives you a channel to showcase your potential in another department making you a valued employee.

Another reason to opt for a career move laterally is because it makes you a more worthy employee and also improves your saleability in the market. Think of it as an employer. Any person running an organization would rather have an employee who is proficient in a number of different sectors than an employee who works well in a single department. Such a career move can be a huge addition and embellishment to your resume. If you have reached a level of stagnation in your work, then making a move laterally may help you get a clearer picture of what other opportunities lie in front of you. It will also give you the opportunity to meet new people and work with different teams. A great thing about lateral moves is that though the new position comes with having to learn new things from scratch, the stress levels may not be as high as getting a promotion in your previous department. Since you would be assigned to a position at the same level as your last department, you will be more capable of tackling new work pressures.

While such career moves can generally do a lot of good for a person, it may be a good idea to also reflect on the downsides of such a move. Remember that there is always a possibility that you may be viewed as someone who lacked the requisite abilities to qualify for a promotion in your own department. Occasionally, it is also easy to consider this move as a hurdle in your path to achieving your goal. You may not always receive a higher salary. In fact, more often than not, your salary will pretty much remain the same. There is also the added stress of learning several new things. If you have been given the option of making a career move laterally, then it is important that you take a look at both sides of the coin before making a final decision.

How to Make a Lateral Career Move?

If you feel like your present job has reached a level of monotony that you cannot fight and you want a change in the form of a new challenge, then a lateral professional move may be the answer for you. Most people tend to view a job move into another department as professional suicide because who would want to forsake all that they have worked for. But, it is not necessarily so. Though not in the same field, your move can gain a lot from the experience that you already possess. So, if from the section above you have managed to understand the pros of a lateral job shift and have decided to make the move, we tell you how you can go about the process.

– Firstly if this job opportunity has not been given to you, then you need to take a look at the different avenues open to you and decide what seems the most appealing.
– Make a list of your skill set and see how these skills can hold you in good stead in a new job.
– It is also extremely important that you consider how this job change will affect your long term goals and also what career opportunities will present themselves to you, if you take the plunge.
– It is important that the job shift gives you both personal and professional happiness, so ensure that you do not lose sight of this.
– Also, before making the move, make a list of all those reasons that are responsible for you to consider this move.
– If you have a mentor or a guide, then it may be a good idea to always consult this person before you make the jump. Sometimes, it is easy to ignore the obvious when you are looking at it yourself.

Making a jump in your career laterally is something that needs to be well planned out and that needs you to give it a lot of thought. Shifting from one field of work to another is never easy and without giving it proper thought, you would be treading a very fine line.

Career Change Ideas

There are many people who think of changing careers, just because they are not satisfied in the field they are presently working in. A career change has its own set of advantages and disadvantages. On the positive side, it gives the individual a sense of satisfaction that he is doing or going to do what he actually wants to. On the other hand, there can be many different obstacles or difficulties that can come in between you getting into a new profession. Such difficulties include obtaining the related field’s training and getting income of an inexperienced professional in the new field of work. However, with some ideas; you can smoothly sail from your old job to a new one.

Note Down your Skills and Capabilities
If you are thinking of changing your career path, you most importantly need to assess what skills you presently possess, that you can use in your new profession. You need to make a list of all the corporate, behavioral, communication, technical, and analytical skills that you have and consider if they can be used to excel in your new job. Such skills are also known as transferable skills.

Determine the Field you Want to Be In
After you have determined all of your capabilities, simply think of in which field you would be if it was not the present field you are in. Think about your secondary career options. If you want a change, just because you are not satisfied with your present field, you can surely consider a profession that would give you the utmost job satisfaction. If you are getting into a new profession due to less pay and less prospects of development, you can think of a job which is in demand with a good pay.

Research the Ways of Getting into the New Field
After you find out which career you want to be in, do an exhaustive research to determine ways and methods for getting into that particular field. Make a list of fundamental requirements that are needed in the new job. See if you can use your current skills and capabilities in your new job. Attend job fairs, career education, and career counseling seminars. If you need to acquire more skills, find out what trainings and certifications you would require. Register for the related training, degree, or certification; and perform well.

Gain Some Experience
Gaining some experience of the tasks to be performed in the prospective field is a better idea to find out if you would really enjoy working in that field. During your current job, try to find opportunities to do tasks that are directly related to those in the new career you are looking forward to. If you have time, you can even opt for a part-time job to gain some knowledge and understanding about the new career.

Flexibility is The Main Key
If you have made up your mind to change to a different career, it is very essential that you be open and get flexible for the changing process. You would certainly need to do hard work for getting into a different career. Do not set your mind only on the job you want to do, but also consider other career opportunities related to the job, it does not matter even if it is of a lower position in a company. Remember that in changing professions and being successful, you should be the most flexible to handle all possible situations that come prior to the change.

In changing careers, one significant point to remember is that you should keep advancing your skills and be flexible in whatever circumstances you face in your new profession.