This is default featured slide 1 title
This is default featured slide 2 title
This is default featured slide 3 title
This is default featured slide 4 title
This is default featured slide 5 title
 

Monthly Archives: February 2017

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.

Some Mistakes from Job Seeker

Underestimating LinkedIn

While the online landscape has complicated the application process, it has also served to benefit job seekers with the introduction of LinkedIn. LinkedIn is the place to be because it offers a ton of benefits regardless of profession, level, goal or job search status (even non-job seekers need to have an optimized profile). For job seekers, this is the largest talent database, which translates to: “the place 100% of recruiters and hiring managers go to find their next hire.” For non-job seekers, LinkedIn is important because it allows you to be found for opportunities you least expect. LinkedIn is also a great resource for researching companies or career paths and managing your professional network. You don’t need to join every social network but trust me – you do need to be optimized on LinkedIn.

Not Communicating Your Brand

Professional brand strategy is probably the number one area for improvement when job seekers in need, contact me. Many job seekers think of a resume, cover letter or LinkedIn profile as a work history and tend to communicate a very standard, dull brand with every application. However, your application documents should be viewed as marketing materials used to paint yourself in the most desirable picture for your reader. The job market is competitive so taking time to carefully customize the best message for each application is critical for standing out in the crowd.

Try Viewing Your Profile from the Hiring Manager’s Perspective

Consider your resume valuable marketing real estate, only including that which is necessary and compelling for each application. Try adding a brief headline to immediately summarize what you do and always guide your reader to the info most relevant to his/her needs.

Overlooking Job Descriptions

Creating a strong brand in many ways is driven by the hiring manager’s needs as expressed in the job description. It’s not enough to identify a job that’s a perfect fit and assume the reader will also see your fit. You must tailor your brand to the job description and that means really understanding the need the company is trying to fill. Every job description is unique and every resume you send should follow suit. Identify keywords and skills within the job description and mirror that language in your resume. Aim to communicate one message: “I am the solution to the problem you need solved.”

Starting Too Late

Many people assume the job hunt is a quick process but the reality is, it can last upward of six months. Even if your job search is a few years out, never be afraid to test the market or throw your hat in the ring when an opportunity comes your way. The worst that can happen is an interested employer refuses to wait until you’re ready to start. The upside is you are able to test your brand against your target role, practice interviewing, take greater risk when negotiating with interested parties, and potentially end up in an even better opportunity.

Part Time Work

School/University

Numerous schools or colleges will run occasions, for example, job fairs which can be an astounding spot to get yourself out there and address employers in person and find what occupations may be a good fit for you.

Besides, a few schools or colleges may offer a Job Shop service that may list positions for nearby employers why should looking contract students. Certainly do some searching if you’re at school or college as there can be a plenty of choices accessible to you. A few colleges or universities may even be hoping to employ students themselves, to work in stores or bars on college grounds. Simply do some searching and see what alternatives you can uncover.

The Internet

If only there were some magical repertoire of knowledge that you can search to find whatever you need.

Hold up, there is! Moreover, you’re on it at this moment.

The web is an incredible spot to look for part-time work. There are whole sites committed to employment postings. Monster, Reed, and Indeed are a couple of these.

These locales permit you to hunt down occupation postings in your general vicinity. Be that as it may, work postings for low maintenance work at significant retail anchors are unrealistic to be recorded here. I have, in any case, had fortunes discovering work postings made by neighbourhood high-street retailers that were searching for part-time workers.

Bigger chains will probably list their openings on their own site. Look out for nearby large chains that you may be okay with working for and check their sites. These are frequently your most solid option for finding an occupation that’ll fit nicely around your studies in the case that you’re a student since expansive retail chains commonly enlist students and comprehend the requirement for adaptable hours.

This methodology has a tendency to depend upon sheer luck however; in the event that you send in enough applications, in the long run one of them will give you a job. You likely won’t wind up working at your first decision.

Newspaper

Despite the fact that it’s somewhat antiquated, nearby little organizations now and again get a kick out of the chance to list their openings in the daily paper. This methodology is unrealistic to turn up anything marvellous, however it’s justified of a gander at any rate.

Go outside

Again with another antiquated methodology, however this one will is a little more likely to work. Go to your local high-street and hand a CV into any store that you may be keen on working at. Loads of little organizations will be awed by your drive and commitment.

I would exhort that you don’t try endeavouring this methodology on bigger chains as they’re liable to simply direct you to their site. Notwithstanding, you may get fortunate and discover a chain store that is effectively hoping to contract low maintenance representatives internally, however these stores will regularly list their openings on a sheet of paper and stick it on the window.

Maximize Job Opportunities

Use Social Media

Many people might feel a little odd about broadcasting their desire for employment to all of their friends and family. Don’t be. You should use social media to your advantage, and do so shamelessly. Your aunt may know that her attorney is looking for a new associate, but didn’t realize you were thinking of leaving your firm. The company your old college roommate works for might be accepting resumes, but he didn’t know you were interested. In short, make sure your friends and family know that you are looking for job opportunities. In fact, a recent survey showed that over 36 million workers attribute their current employment to social media.

Apply For The Position You Want, No Matter What

If there is a specific type of employment that you are interested in, apply for it. Even if there are no openings, apply. Mail, e-mail, fax, or hand deliver a copy of your resume and cover letter to the company. Explain that while you know there are currently no available openings, you are very much interested in working for the company if any become available. Who knows, they might have been planning to start advertising for a new position in the near future. At the very least, you have placed yourself in the mind of the person doing the hiring, which is always a good place to be.

Talk To Your School

Junior colleges, universities, or even graduate schools, are a wonderful resource in the employment hunt. Even if you graduated some time ago, most institutions will still gladly offer any help they can. The biggest aid is career counseling, which can take the form of resume and cover letter editing, and even suggestions on what fields your particular skills might prove valuable in. These counselors can also help put you in contact with fellow alumni who are in the same professional field as you.