Finance Today
Finance is also an important part of businesses. In a changing and sometimes unpredictable society businesses need people to predict and plan for the futer. Finance people are allways going to be used to analys in a business how it is doing overal and what to do every based on past years. Like the other businesses jobs finance is a stable and constatnt need.
Finance Careers
1. Business Analyst: to Identify, reasearch, initiate and implement and analys major recalibration of their business strategy.
2. Finance Consultant: Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate.
3. Budject anylyst: organizations allocate their financial resources so a business is efficient.
4. Finatial Services Representative: An employee or a partner in a brokerage firm who is registered to handle customer accounts.
5. CFO: Managing the finantial risks of the corporation like financial planning and record-keeping, as well as financial reporting to the CEO.
2. Finance Consultant: Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate.
3. Budject anylyst: organizations allocate their financial resources so a business is efficient.
4. Finatial Services Representative: An employee or a partner in a brokerage firm who is registered to handle customer accounts.
5. CFO: Managing the finantial risks of the corporation like financial planning and record-keeping, as well as financial reporting to the CEO.
Finance Mentor:
Loyd Tyler CFO of the City of Vancouver Washington (360) 573-4246
Questions:
Q. What are your projections for this type of work or industry? Is it stable, growing, declining?
A. This field has lots of different kind of jobs and from what i know this job will continue to grow and remain an important part of Business.
Q. What are the key trends or issues? New developments? Key challenges?
A. In my positions there is always new development in projects for the city and a variety of changes that happen.
Q. What are typical salaries in this type of job, entry-level to experienced? What are the opportunities for career growth?
A. The salary depends on your skills and knowledge. We usually hire people in Finance and then teach then in this field. As you get a better job in finance you will get really good money. Starting off you can get from $40,000 - $70,000.
Q. When and how did you get involved in this work?
A. I studied at BYU in Business administration for 2 years and at University of Washington for another 2 years.I have a Bachelors in Business Administration with a major in Accounting. A Bachelors in Spanish teaching and an NBA International from Thunderbird in Glendale Arizona. I was given an opportunity in Vancouver to work for the City and i took the position. I later became CFO for the City.
A. How important are specific credentials for entry or success?
Q. There important to have a college degree and some experience in Finance. Mostly people will look for great college graduates that are willing to learn and that are self starters.
Q. What’s a typical day like for you or someone in a similar position?
A. A typical day consist of going to my office and review budjets for the City. I am incharge of forcasting with the money that we have and where we should use it for. Usually we have more money for spending then we actually have. There is variety in my work so i often do many little project.
Q. What do you like most about your work?
A. I like the variety of work. I work on little projects and so it doesn't seem to be the same thing over and over. I deal with the fire and police departments, operation of the city, investing and borrowing money.
Q. What do you like least?
A. The work load is sometimes tough and work gets long some days. It is always constant work every day every week.
Q. What talents or skills do you think are the most crucial to success in this work?
A. The skills required are analytical, organization, people skills, honesty, high values, and a great attitude.
Q. Knowing what you do now, would you approach this career (or job) in the same way? If not, what would you do differently, and why?
A. I like the job that i have. It is close to my home, I get to work on many projects related to where i live, it pays good money, and it isn't to stressful but more laid back.
Questions:
Q. What are your projections for this type of work or industry? Is it stable, growing, declining?
A. This field has lots of different kind of jobs and from what i know this job will continue to grow and remain an important part of Business.
Q. What are the key trends or issues? New developments? Key challenges?
A. In my positions there is always new development in projects for the city and a variety of changes that happen.
Q. What are typical salaries in this type of job, entry-level to experienced? What are the opportunities for career growth?
A. The salary depends on your skills and knowledge. We usually hire people in Finance and then teach then in this field. As you get a better job in finance you will get really good money. Starting off you can get from $40,000 - $70,000.
Q. When and how did you get involved in this work?
A. I studied at BYU in Business administration for 2 years and at University of Washington for another 2 years.I have a Bachelors in Business Administration with a major in Accounting. A Bachelors in Spanish teaching and an NBA International from Thunderbird in Glendale Arizona. I was given an opportunity in Vancouver to work for the City and i took the position. I later became CFO for the City.
A. How important are specific credentials for entry or success?
Q. There important to have a college degree and some experience in Finance. Mostly people will look for great college graduates that are willing to learn and that are self starters.
Q. What’s a typical day like for you or someone in a similar position?
A. A typical day consist of going to my office and review budjets for the City. I am incharge of forcasting with the money that we have and where we should use it for. Usually we have more money for spending then we actually have. There is variety in my work so i often do many little project.
Q. What do you like most about your work?
A. I like the variety of work. I work on little projects and so it doesn't seem to be the same thing over and over. I deal with the fire and police departments, operation of the city, investing and borrowing money.
Q. What do you like least?
A. The work load is sometimes tough and work gets long some days. It is always constant work every day every week.
Q. What talents or skills do you think are the most crucial to success in this work?
A. The skills required are analytical, organization, people skills, honesty, high values, and a great attitude.
Q. Knowing what you do now, would you approach this career (or job) in the same way? If not, what would you do differently, and why?
A. I like the job that i have. It is close to my home, I get to work on many projects related to where i live, it pays good money, and it isn't to stressful but more laid back.
Key Finance Terms
ROI: A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
Net Present Value: The method of discounting future streams of income using an expected rate of return to evaluate the current value of expected earnings.
Stocks: part of the ownership of a company which people buy as an investment (= to make a profit).
Bonds: an official paper given by the government or a company to show that you have lent them money that they will pay back to you at an interest rate that does not change.
Stockholders: a person who owns some of the equal parts into which the ownership of a company is divided.
Government Securities: The short- and long-term bonds the government sells to finance its expenditures.
Mutual Fund: a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.
SEC:The primary federal regulatory agency for the securities industry, whose responsibility is to promote full disclosure and to protect investors against fraudulent and manipulative practices in the securities markets.
Stock Markets: A stock market is a public market for the trading of company stock and derivatives at an agreed price.
Intial Public Offering (IPO): The process of going public through an offering of securities by a corporation to the public and filing and seeking effectiveness of a registration statement under the Securities Act of 1933.
Venture Capital: money invested in an innovative enterprise in which both the potential for profit and the risk of loss are considerable.
Interest Rate: The rate that lenders charge their borrowers for the privilege of borrowing money.
Dow Jones Industrial Average: This is the best known US index of stocks. It contains 30 stocks that trade on the New York Stock Exchange. It is considered a barometer of how shares of the largest US companies are performing.
Net Present Value: The method of discounting future streams of income using an expected rate of return to evaluate the current value of expected earnings.
Stocks: part of the ownership of a company which people buy as an investment (= to make a profit).
Bonds: an official paper given by the government or a company to show that you have lent them money that they will pay back to you at an interest rate that does not change.
Stockholders: a person who owns some of the equal parts into which the ownership of a company is divided.
Government Securities: The short- and long-term bonds the government sells to finance its expenditures.
Mutual Fund: a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.
SEC:The primary federal regulatory agency for the securities industry, whose responsibility is to promote full disclosure and to protect investors against fraudulent and manipulative practices in the securities markets.
Stock Markets: A stock market is a public market for the trading of company stock and derivatives at an agreed price.
Intial Public Offering (IPO): The process of going public through an offering of securities by a corporation to the public and filing and seeking effectiveness of a registration statement under the Securities Act of 1933.
Venture Capital: money invested in an innovative enterprise in which both the potential for profit and the risk of loss are considerable.
Interest Rate: The rate that lenders charge their borrowers for the privilege of borrowing money.
Dow Jones Industrial Average: This is the best known US index of stocks. It contains 30 stocks that trade on the New York Stock Exchange. It is considered a barometer of how shares of the largest US companies are performing.