Executives make a lot of money, so expectations of $100K positions seem to be consistent with executive job seekers. Careers in finance are some of the primary pathways both to executive jobs and six figure salaries. Of course, not all finance jobs are directed at the executive suite, but in business, government and academia, finance expertise pays well.
The 5 Highest-Paying Jobs in Finance
Within the business field, jobs in the finance sector are lucrative. According to 2011 data from the National Center for Education Statistics, the average salaried worker with a bachelor's degree in business earned $62,000 annually. Salaries can be even higher for specific finance jobs; the highest-paying jobs in finance can pay close to or above six figures annually. Learn about five of these jobs here.
Personal Financial Advisers
According to the Bureau of Labor Statistics (BLS), the typical personal financial adviser earns $108,090 per year. Personal financial advisers usually need at least a bachelor's degree in finance, business, economics, or a similar field of study, and they must pass relevant licensure and certification examinations in their state. These professionals work with individuals and families and provide them with advice regarding investments, retirement planning, taxes, and insurance. They also research investments and monitor the stock market so they can make informed recommendations to clients. Financial advisers are responsible for assisting their clients with investing their money, and they provide regular updates regarding the performance of investments.
Salaries are above the six-figure mark for actuaries, who earn an average of $110,090 annually, per the BLS. You can enter this field with a bachelor's degree in mathematics or statistics; some colleges even offer a program specifically in actuarial science. Actuaries are also required to pass a series of professional examinations. Most work in the insurance industry, performing statistical calculations to determine the risks of and costs associated with events such as illnesses, accidents, and death. Actuaries use their calculations to design and monitor insurance programs, and they may also be responsible for determining the costs of insurance policies.
Professors who teach finance courses within the business department at a college or university can expect to earn $88,740 per year, as reported by the BLS. Most collegiate level instructors have a doctoral degree in their field of study. In addition to preparing for and giving lectures, finance professors assign and grade papers and projects, score exams, and meet with students outside of class for consultation. They may also perform research for the college or university that employs them.
Per BLS reports, financial managers are some of the highest-paid professionals in the finance industry, with average annual earnings of $130,230. Financial managers need a bachelor's degree in a field such as business or finance, as well as several years of career experience. Job prospects are better for those with a master's degree in business administration (MBA). Once employed, financial managers provide supervision to other employees in the finance department, compile and review an organization's financial reports, design and monitor the organization's budget, and ensure that the organization complies with laws and meets its financial goals. Financial managers may also develop plans for increasing profits and revenue.
Economists can expect to earn slightly over six figures, with an average yearly salary of $105,290, per the BLS. Job prospects are best for those with a master's or doctoral degree in economics. Economists are usually employed by government agencies, research institutions, and major corporations. They perform research, collect data, and carry out surveys regarding economic topics such as unemployment, wages, productivity, and consumer demand. Economists use survey and research results to produce reports and to provide guidance to governments and corporations. They may also publish articles in newspapers and academic journals.
Economists are just one of several types of finance professionals who enjoy above-average earnings. Those who choose to enter the finance field will be presented with ample high-paying job opportunities, in fields such as actuarial science and financial management. With the proper education and valuable work experience, finance professionals are sure to advance their careers and earn a lucrative salary
Executive Job Seeking, 2016, Six-Figure Jobs in Finance, on the Internet at https://www.executivejobseeking.com/six-figure-jobs-in-finance/ (visited April 25th, 2017).
Why Become a Professional Nurse?
Nursing as a profession is a highly regarded career with some of the highest requirements of honesty and ethics among occupations. Nursing has emerged as the largest health care profession with over 2.7 million jobs. With over 100,000 uninhabited positions and a ever-growing requirement for healthcare employees, the career outlook is excellent for the nursing field. National Center for Workforce Analysis, a firm of the United States Department of Health and Human Services, predicts a deficit of 808,416 nurses by the year 2020. Such an analysis and forecast is backed by really strong reasoning and research.
Developments and innovation in medicine and technology has led to increased life spans. Elderly populations are living much longer. Many within this population will require increased care and nursing. As such, need continues to rise for the nursing staffing to meet this demand. The requirements for more educated and experienced nurses grows annually. With more insurance companies entering the medical arena to try to lower the cost of healthcare, demand for nurses, outside hospital settings has also risen. In addition, the current nursing labor force itself is aging, with many expected to retire within the next decade, exacerbating the demand for new nurses. Hence, nurses with BSN degrees can expect very good job prospects and relatively secure careers.
What Nurses Do in Practice
Nurses blend understanding of science and technology with the art of care and compassion. Nursing provides the opportunity to save and enhance lives, take care of the sick and physically disabled, educate patients and individuals towards attaining good health and, above all, the sensation of helping someone in their times of health problems and emotional need. There is no higher service than looking after the needy and infirmed. Nurses are needed to provide basic responsibilities, that includes but is not limited to providing treatment, health education, emotional support, record upkeep, operating medical devices in addition to counseling client and their family members about the management of their health issues. Registered Nurses (RNs) likewise supervise basic health screening and immunization clinics, organize public workshops, motivate blood donation drives, and other medically-related activities.
Three out of five nurses in the United States operate in health centers. Most of the others work in centers, home healthcare, extended care settings, schools, colleges, universities, the general public health services, and nonprofit agencies throughout the United States and other countries. Nursing can be a difficult job with constant exposure to despair and suffering, anxiety, work pressures, extreme or little patient contact and occupational threats including -- but not limited to -- transmittable diseases, radiation exposure, unexpected needle sticks, chemicals, anesthesia, back injury and psychological anxiety. Role autonomy and independence, innovation, technical knowledge, and team effort are attributes of this career, accompanying individual fulfillment and professional benefits.
Within the very recent past, the BSN has been proposed as the standard, entry-level educational requirement for the nursing profession.
Biology-related courses always seem to serve prospective students well.
Educational and Training Requirements for Nurses
Attendance at an accredited nursing school is an entrance requirement to this occupation, and practically all of them require a high school diploma with sound scholastic standing in English, Algebra, Biology, Chemistry, and Psychology with a GPA score of at least 3.0. Computer system experience is an asset. Leadership and organization abilities are important to this occupation. Many schools will still require applicants to clear the National League for Nursing (NLN) Pre-admission exam besides the SAT exam. Over 1,500 nursing programs in the US provide three different educational paths towards becoming a Registered Nurse (RN). Bachelor of Science in Nursing (BSN) is a four-year program offered at colleges and universities. An associate Degree in Nursing (ADN) is a two-year program offered at many 2-year junior and community colleges. Some healthcare facility schools of nursing and universities provide an ADN degrees. A Health Center Diploma is a 2 to 3 year program based in medical facility settings. Numerous diploma schools are associated with junior colleges where students take the fundamental science and English requirements.
The ATI TEAS Test (Test of Essential Academic Skills) is a multiple choice exam that measures entry level skills and abilities of nursing program applicants.
Opportunities are optimal with a BSN degree. BSN is a requirement for getting a master's degree or becoming an Advanced Practice Nurse (APN). The American Association of Colleges of Nursing (AACN) recognizes the BSN degree as the minimum academic requirement for an expert nursing practice. Even though graduates can start practice as a Registered Nurse with an ADN or diploma, the BSN degree is a minimum for those nurses looking for to assume functions as case-managers or supervisors or advance within health administration. Tuition cost depends on your college and state of residence, however financial aid and scholarships are offered to assist with such needs. There are professional and technical schools too. These provide one-year courses towards becoming a Practical Nurse or a Vocational Nurse.
Once graduated, the next vital thing is to get licensed for practice in the State of your preference. At present, twenty-five (25) states are signatories to the Nurse Licensure Compact Agreement (NLCA). The NLCA allows a nurse licensed in one of the twenty-five states to practice in any of the other twenty-four NLC member states. Licenses can be obtained by passing the national licensing examination NLCEX-RN to become a Registered Nurse, and the NLCEX-PN for becoming Licensed Practical Nurse (LPN) or Licensed Vocational Nurse (LVN) as in Texas, California. LPNs and LCNs offer care for the sick, disabled and injured, under the direct supervision of RNs and MDs.
Specialties Within the Nursing Profession
Nursing profession is complete of opportunities for those who want to specialize and pursue greater education. A few popular specialties are
- AIDS Care Nursing
- Cardiac Rehabilitation Nursing
- Correctional Nursing
- Enterostomal Therapy Nursing
- Gastroenterology/Endoscopy Nursing
- Infection Control Nursing
- Intravenous Therapy Nursing
- Long-Term Care Nursing
- Managed Care Nursing
Of course, there are several other specialties. The majority of the specializations are open to RNs with a BSN degree. In addition, there is increasing demand for APNs. APNs are main health care professionals, working separately or in collaboration with doctors. In most U.S. states, they are allowed to prescribe medications. The four specializations for APNs are
- Clinical Nurse Specialist (CNS)
- Nurse Anesthetists (CRNA)
- Nurse Midwives (CNM)
- Nurse Practitioners (NP)
CNSs supply expert assessment in any of the above referenced specializations. A CRNA administers anesthesia and monitors patients' important signs during surgical treatment. They also provide post-anesthesia care. CNMs offer medical care to women such as family planning, prenatal and neonatal care, and assist with labor and delivery. NPs provide fundamental preventive health care to patients. NPs are important for specialty care service providers in medically under-served locations. In most cases, APNs are qualified, but lower-cost medical care alternatives to physicians.
Executive, Management and Research Careers in Nursing
Advanced degrees available to nurses are masters (MSN), doctoral degree (PhD, EdD, DNS) and post-doctoral programs. Doctoral degrees can qualify a graduate for placements as a senior policy analyst, medical researcher, health system executive and as a nursing school professor or dean.
RNs might work as staff nurses or eventually become APNs. A few positions involve little or no direct patient contact. Such positions include Case Managers, Forensic Managers (applying understanding of nursing for legal enforcement, like dealing with and examining a victim of attack or abuse), Infection Control Nurses, Legal Nurse Consultants (help lawyers in medical cases by speaking with client, arranging records, and informing attorneys about medical conditions), Nurse Administrators, Nurse Informatics, Health Care Consultants, Public Policy Advisors, Medical authors and editors.
Do you have a good pair of shades? Professional career prospects are bright as mentioned earlier, and with enhancing demand, and the need to keep enough nurses in healthcare facilities, companies and lots of health care facilities have started providing rewards like signing incentives, subsidized training, and open-shift bidding. Shift bidding is an nascent, online auction-style method where employees can bid on uninhabited shifts at hourly rates higher than normal daily rate and (usually) less than agency rates, benefiting hospitals and nurses.
Nursing Profession Salaries & Benefits
Registered nurses are earning anywhere from $37,300 to in excess of $74,760 depending upon qualifications and experience, and job specialty. Average income can be approximated as $52,330 per year. Entry level RN can earn from $30,000 to $45,000 per year. This includes benefits typically of medical insurance, vacation pay, college tuition repayment, child care, pension strategies and more. Anticipated shortages of nurses in the intermediate future is going to tilt the circumstance more in the favor of nurses; thus, a person entering the profession in 2016 can look forward to a secure future with good prospects and benefits.
Entering the nursing field is not simply a way to make cash, but it's also about dedicating your life to service mankind, looking after the ill and helping to support them and their families in difficult times. The potential is huge and field of expertise choices aplenty. Nursing is a profession which abounds with personal satisfaction and excellent rewards.
For some getting-hired advice to new nursing grads, read Ten Tips to Getting Hired for Nursing Graduates at www.nursingexplorer.com.
Most call center managers use advanced analytics and reporting tools to ensure, not only that the center is meeting its goals, but also that their agents are achieving their full potential. Despite the performance measures management uses to assess the efficiency of call center operations, most of them don't know how to interpret and utilize performance data sufficiently to take sales staff to the next level: selling to executives.
Why would anyone want to sell to the C-Suite? The reason is that these executives form a new, unexplored market which provides sales managers with a wide range of business opportunities. Unfortunately, selling to C-level executives isn't that easy.
Solving Executive Sales Problems
If performance data shows that call center agents are unable to sell to executive decision makers, sales managers should analyze sales staff's skills and the sales training programs, giving careful consideration to whether or not the products and services being offered address the issues which executives are facing.
Of course, most executives are exceptionally busy, arriving early in the morning, staying late into the evening, receiving dozens of calls and emails, and attending too many meetings to track. Thus, making a couple of calls followed by an email is almost never going to be enough to close a deal. Call center agents need to be more persistent and use different, more creative approaches to capture attention.
But even if salespeople capture executives' attention, very few of them actually close a deal. Why? Most of the time, it's the sales agent. It seems that these days, many call center agents do not address customer needs; instead, they address their own "needs" focusing only on selling a certain product or service. Call center managers can solve this issue by analyzing performance data and paying close attention to certain things, such as: missed targets, closing rate and the number of "exception" deals.
When managers are unable to identify closing problems based on call center performance data, call centers face a high risk of losing business to competitors. As a rule of thumb, the inability of a sales team to penetrate through the "executive wall" points out the need for more training.
Training the Sales Staff
Before asking new agents to approach clients, call centers need to teach the sales agents different key phrases necessary to move deals toward closing while helping them develop a variety of skills and training them to handle obstacles professionally.
Unfortunately, many sales managers don't realize that these abilities form the foundation upon which they must build further in order to help salespeople make the most of each interaction with C-level executives. In this context, "building further" actually means re-training and re-tooling staff that may have been previously trained, even changing the entire culture of the organization, in order to conquer new markets.
If a sales team is unable to make successful requests for proposals (RFPs), close advantageous deals, attract and retain high-value customers and build strong relationships with them, call center managers need to look for additional training programs that focus on more advanced sales techniques.
How Important is Training?
Regardless of the performance measurements call center managers use to gauge overall efficiency along with individual performance, business priority remains revenue growth through new customer acquisition and retention. However, meeting revenue goals in a call center environment is more difficult than many people realize. Further, selling to executives requires determination, hard work and a lot of effort.
Thus, it's not only about training inexperienced agents, but also about developing the skills of experienced salespeople through continuous training. By training staff to deal expertly with C-level executives, a call center can acquire a large number of new customers, consequently associating its name with respectable public figures, gaining good reputation and even more high-quality business opportunities.
If an organization provides appropriate training and encourages relevant skill development, call center managers allow salespeople to strengthen their competencies and keep up with the latest sales techniques so that the best possible outcomes are achieved for everyone involved.