Consider A Career In Economics And Finance

October 15th, 2011

The state of the economies all over the world is very unstable, and most people do not have stable jobs. The majority of the world’s businesses have been forced to lay off at least part of their work staff, while many have been forced to declare bankruptcy and shut down completely. This is not specific to any one country, but is a condition that is prevalent all over the world. The fact that conditions are bad has resulted in their being a hike in the demand for management professionals who understand finance.

This is known to be the most popular field of study and specialization, in universities all over the world. Businesses that are in trouble, are actively hiring more than one resource to help plan the proper and safe use of money. Accountants and credit-planning professionals are in high demand all over the world, and many people have begun to take courses for such certifications.

The main essence of this field of study requires a sound knowledge, when it comes to numbers and money. The job requires expert knowledge of how to invest money, and how to get maximum benefit from other assets owned by an individual or a business. This is a very high profile job and one that is not to be taken lightly. The nature of this business involves being responsible for handling the finances of other people. There are many legal aspects and risks involved as well.

A person should always make sure that they are fully equipped and ready to handle the responsibilities which come along with such a job. Lack of certification and skill could result in a person causing more loss than gain and ultimately ending up in a lot of trouble with the law.

When looking into starting a career in this field, it is wise that you draw up contracts which safeguard you from unnecessary risks and dangers. This means stating terms and conditions, under which you are not personally to be held accountable or liable for losses.

Most companies that hire financial management professionals usually do not include such clauses in their contracts. Therefore, it is important to read the contract terms carefully and get such clauses included. This will help you stay out of trouble if by any chance; the company or business does end up in a greater loss than anticipated. Managing the finances of another party is a tricky business and caution is advised at all times.

Posted in Career Planning

Career Options for a Psychology Student

October 12th, 2011

Many students are looking for a career in the stream of psychology. Psychology is intriguing to many, but has been in the dark for a long time. People have perceived psychology as ‘being among mad people’, rather than the study of a person’s mind and behavior. Today, it has grown to be a branch of studies in itself with various opportunities up for grabs.

So, how and where does one start off in this stream? Psychology is a subject which one can take up in their class 11, either in the science or the arts stream. Let us take a look at the opportunities available in both the streams.

1. Science – in this stream, students can take up biology as a subject to help them venture out into psychology. After completing Class 12, one can either take up a professional course or continue with the graduate course, both which has opportunities in various areas of psychology. Students who take up medicine are able to prescribe medicines to anyone who might need it and the one who takes up the graduate course will not be able to prescribe any medicines, but be able to help the other person by listening and giving suggestions to doctors.

2. Arts – this is a very versatile stream. Students have an opportunity to be experimental in this stream and as such have been accepted widely by many students of the new era. Students of the science stream who wish to take up psychology in their graduate course can move over to arts stream and study psychology.

There are many opportunities which are available to one. Here are some:

1. Clinical psychologists – these people work in counseling centers, hospitals and clinics and help mentally disturbed people lead a normal life. Health psychology, neuro psychology and gero psychology are the various areas of specialization in this stream.

2. Counseling psychologists – counseling is helping people cope with decision making on coping with specific situations. We come across people who have emotional and personal problems and need help with the same. A counselor helps such people to deal with their problems and bring out the positive side of them.

3. Social psychologists – those who qualify as social psychologists work with social organizations and institutes in research, system design and other fields of psychology.

4. Educational psychologists – we come across people who help us in schools and colleges and co-ordinate with parents, teachers and the management to resolve student behavior and learning problems. They are known as educational psychologists.

5. Developmental psychologists – psychologists who have an interest to understand a person’s development through the various phases of their life are known as developmental psychologists.

Psychology is an interesting subject of study, which helps us understand a person’s behavior and mind through various perspectives. Making it a career choice is the dream of many, but are limited by the most often sought after courses.

Posted in Career Education