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Finance

Some Know How On Careers in Marketing, IT and Finance

With assortments of career alternatives out there, students are split on choices as to which career path to pursue. In such milieu, let us discuss some of the imperative and pertaining careers in Finance, Marketing and IT. The finance industry is an ever green career option which never goes out of fashion and the sheer number of alternatives accessible when it comes to Careers in finance will surely sweep you off your feet.

Let us browse through some of the most sought after careers in finance. You can aim to be a mutual fund advisor or a relationship manager or you can look forward to a career as a banker in any of the numerous banking establishments. Some other alluring careers in financing sectors are: – chartered Accountant, Chartered Financial Analyst, Company Secretary, Compliance Officer, Financial Planner, Loan Officer, Portfolio Manager, Probationary officer or Banking officer, Research Analyst, Actuarian (trained statistician), Economist, ICWA, Insurance Appraiser/Surveyor, Insurance Sales Agent/ Advisor, Investment Banker and Under Writer. As the name suggests finance related careers essentially deal with money and can do wonders for your future.

Now let us come to some of the careers in Marketing. Careers in marketing are pretty much fun and folks who love challenges are cut out for this type of careers. But with changing temperament of eth new age customers, marketers have to keep themselves abreast with the latest developments and accordingly prepare shelves for the chore. Some of the essential traits of a perfect marketer are: – excellent communication skills, apt at identifying quandaries, etc. Some of the most sought after careers in marketing are: -Brand Manager, Human Resources (HR) Manager, Logistics Manager, Management Consultant, Market Research Manager, Marketing Manager, Product Development Manager, Project Manager, Public Relations Manager, Sales Manager, Store/ Retail Manager, International Business Manager, Inventory Manager and Operations Manager.

Now let us come to the most preferred choice of new age students that of careers in IT (information Technology). IT has revolutionized the entire facet of the globe by proffering high quality services at reasonable prices. The IT scenario in India is burgeoning at a swift pace and students are making a bee line for admission into educational establishments proffering pertinent education relevant to IT. Some of the most desired careers in IT are: ¬-System Administrator, Computer Forensics, Chief Information Officer, Computer Operator, Database Administrator, Computer Hardware Engineer, Network Administrator, Network Engineer, Games Programmer, Computer Security Professional, Programmer, Project Manager, Software Engineer, Software Quality Assurance Engineer, Computer Graphic Specialists, Computer Systems Manager, Database Developer, Video Game Designer, Web Designer, Web Master, Web Developer, Cryptanalyst,  etc. A career in IT is rewarding as well as very innovative as you put yourself to challenging the dead

lines and making technology work for the benefit of human race. Some of the quintessential attributes to become an apt IT professional are dedication, hard working nature and commitment; one should also take note that, certifications from Microsoft, sun and Cisco plays an utterly imperative role in shaping successful careers.  

Mr. Vikas Rathi is providing Infinite Courses, a foremost name in the arena of web sites and portals offering umbrella solution to all education related queries and dilemmas.Explore careers in finance, careers in marketing, careers in IT and much more.

Banking

The Most Difficult Interview Question For Banking You Should Know

Don’t be caught with the most difficult interview question for banking. Interviewers are not monsters to be scared of. They are assigned to perform the task of choosing the best person fit for the job. Tricky questions are actually teasers for them to know how you cope with pressures because the banking industry is a complicated arena of services, personalities, financial corporate players, systems, policies and regulations, among many others.

Nailing the most difficult interview question for banking seem to be every applicant’s concern. There are already a lot of insider secrets on how to succeed at interviews, ebooks, websites, and a whole lot more of resources for the interviewee to exploit. There are actually a myriad of approaches to overcome the most difficult interview question for banking. All it takes is for you to go beyond the confines of your comfort zone and exert more efforts to turn this gruelling interview into an opportunity for you.

Possible Difficult Questions And How To Answer Them

Many people who have gone through interviews find the simple and easy questions to be the most challenging – with worries of giving a too plain answer. It only takes practice, and tactical strategy to counter this.

1. Say something about yourself

Reply to this by highlighting your good qualities that you have spelled out in your resume. Focus on the qualities that fit into the job. Keep your answers brief and concise and interesting enough to hold the interviewer’s attention.

2. What is your most undesirable weakness and how will you overcome it?

Do not admit directly your weakness as this might jeopardize your chances. Instead, pacify the interviewer by demonstrating that you are aware of this weakness and you are trying to ameliorate yourself from it. The safest way to answer this it to simply cite a flaw rather than a weakness.

3. What was biggest challenge you faced in your career and the intervention you made?

Be critical when answering this question. Again, this might bring you down. Elaborate how you were able to manage and get past through it successfully. Do not give the impression that you are prone to mistakes.

4. Do you believe that you are the right person for the job?

Do not answer with yes or no. Instead highlight your best qualities, job experiences and attitudes relevant to the position. Always make sure that the reference point is the post you are applying for.

5. How much are you worth (salary-wise)?

Do not over rate or under rate. The best thing is to base your salary range on standard industry rates. Indicate your openness and flexibility to negotiations rather than demanding.

Do what it takes to make it easier for you and don’t get stumped by the most difficult interview question on banking. Be prepared beforehand by knowing and understanding these questions and learning how to answer appropriately. Practise and master the questions, as well as the answers.

Next, I have put together perhaps the greatest gift of all times. Click here to get my 7-day free investment banking online course on 5 secret strategies to double your chances of getting an investment banking offer.

Finance

Personal Finance Tips That Everyone Should Know

Money management has an affect on almost every part of your life. You can be successful with your finances by taking control of them. The tips in this article show you how you can effectively manage and be in charge of your personal finances.
 
Create a budget and follow it until you are able to dig yourself out of debt. Regardless of whether you budget via software or paper and pencil, doing so guides you to the pinpoints in your spending habits where you can make changes. It is also a great way to monitor your spending and keep it under control.
 
Avoid large fees when investing. It is common for investment managers to assess substantial fees for the work they do on your behalf. These fees will take away from the money that you earn because they are paid before you get your earnings. Do not use a broker that asks for too much in commissions and avoid high management costs in general.
 
Make sure you do not repeat the same financial mistakes that you have made in the past. Learn from those mistakes and the trouble it caused you. To avoid the same thing from happening, do not get yourself in the same financial mess again. If you have been making less that what you deserve, use that as an incentive to try and get more money from your next job. When it comes to personal finances, any lesson learned can be valuable. Learn all that you need to and you can improve your finances to be better than before.
 
Buying items on sale can add up to big budget savings. Don’t be a slave to brands, and don’t purchase anything without a coupon or discount. For example, if Coke is your brand of choice but Pepsi is offering a one dollar off coupon, the Pepsi choice will save you money.
 
A program you can enroll into if you’re traveling by air a lot is a frequent flier mile program. There are a number of credit cards that give free miles or a discount on air travel with purchases. It is also frequently possible to redeem frequent flier miles at many hotels where they may be good for a free room, or a discount on your booking.
 
You need to devise a secure method to dispose of your old financial documents. To that end, a shredder makes a worthwhile investment. If you don’t dispose of old files in a safe manner, you could have your identity stolen. You need to thoroughly protect yourself to prevent this from occurring.
 
If your company offers a flexible spending account be sure to put it to use. Flexible spending accounts can help reduce your medical or childcare expenses. These accounts let you put some money to the side before takes to pay for these expenses. Get a tax expert’s advice before setting up a flexible spending account, though, so that you understand the limitations applied to the account.
 
As stated above, they way you handle your money matters a lot in every facet of your life. Using these tips, you can move your life in a positive direction.

The Retirement Group educates corporate employees that are transitioning or retiring with ING Retirement.

Banking

Is Testing Banking Application a Nightmare ? Know Why?

Information technology has completely changed the way banks use to operate until last decade. The criticality of banking IT systems lies in their sheer size, vast number of transactions they facilitate every minute, and wide range of their portfolio offerings. With their expansion plan mounting day by day, need to integrate the IT systems in various branches with main IT stream is becoming more challenging and complex.

 
Testing & re-testing becomes inescapable in case of banking applications as even a minute error can result in loss of repeat business, revenues and permanent damage to organization’s reputation. Further, a small mistake can put the banking & financial institution through severe legal scrutiny.
The characteristics that make any banking application a nightmare for testers are as follows:
 
1) Recurrently changing regulatory & market requirements: Increasing competition in the market via various banking products and services heaves new functional requirements for banking applications in an ongoing manner. In addition, the regulatory firms keep adding new standards which are mandatory from legal and requirement perspective, and have to be fulfilled by every banking application. As a result of this, the business application has to go through frequent releases and upgrades throughout the year and needs to be tested multiple times. Whether a bank is using customized software or a standard product, the frequently changing regulatory and market requirements affects both.
 
Test execution for every single release generally includes major portion for regression testing. It is something which is not very exciting among the testers including business users. Running these tests multiple times also increases the cost of the application.
 
2) Maintaining data confidentiality & test data requirements: Testers are more likely to use the data copied from production systems as a test data. However, recent bank secrecy laws and standards in various countries does not allow anyone to use the test data as it is from live servers so as to protect the confidentiality of the data. Banking industry, being a service provider to almost every organization in some or the other way, needs to build trust more than any other industry in order to gain its customer confidence.
 
Employing internal or external IT developers and testers use the production data for testing purposes increase the probability of legal breaches & reputational damages. The data confidentiality requirements mount with the stringency of the country specific laws and with the international distribution of business and IT.
 
3) Complex legacy & application systems: Banking applications are often too complex to understand. The know-how about each and every system involved in it functionality is scattered within and outside the organization. The dependency and integrity of one application with other further leads to complications which imply the risk of being overseen when new releases are developed. It only gets worse when legacy systems are involved having a lower level of documentation and cluttered data design. In addition, such applications root interfaces to external apps for market data and for settlement of transactions in the trading and payment area.
 
As an outcome, the data that is being used in app under test actually originates from another app that is far up the stream. This makes it difficult for testers to produce test data which suites and fulfills all the cross application data constraints.
 
Offering a risk-free transaction is the ultimate motto of every bank. But in order to achieve this objective, the applications should be put under scrutiny which demands a focused and strategic approach from testers. We will soon discuss the approaches to overcome the above mentioned challenges in the next article.

AppLabs, a CSC company is the world’s largest Software Testing Quality Management Company. Our quality management and testing services utilize its many years of banking and finance experience across the globe to support clients who view technology as a business enabler and help them deliver enhanced business value with optimized benefits. Our testing solutions for Banking and Payment Processing applications centers on helping our customers focus on most important paradigms in modern day banking – customer acquisition and retention, risk management and regulatory governance / compliance and payments.

Banking

Important Facts You Need to Know About Offshore Banking

You would often hear the term “offshore banking” nowadays, especially in corporations and financial organizations. Globalization enables people to have easy access to almost everything—from communication, trade, transportation and finance. Offshore bank formation is among the financial approaches tantamount to overseas banking that gives a whole new set of opportunities to individuals and corporations.

Offshore banking refers to banking outside one’s country of residence. Typically, territories that offer this kind of banking have low tax jurisdiction, which is a great advantage to corporations and other clients.

Aside from creating tax havens, offshore banking has advantages over local banks. Here is a closer look at some of them.

Low or zero taxation – There are countries where taxes are levied at a very low rate (tax haven). Corporations and other banking clients can enjoy this privilege since taxes can really cost a lot.
Better privacy – Offshore banking offers greater privacy. Since offshore banks are overseas, the access of other parties to client information becomes less feasible and more difficult.
Resistant to financial crises or instability – When a certain nation experiences economic trough or crisis, its financial aspects are greatly affected. With offshore banking, these tendencies are prevented, Aside from economic ones, political and financial instabilities can jeopardize local banking, which is why offshore banking is one solution to secure finances.
Higher interest rates – Offshore banking bank clients prefer can provide higher interest rates while still having lower tax rates. This enables clients to make investments that can gain them better financial leverage.

There are plenty of services that are offered by most offshore banks. Knowing them can help you select a bank you can transact with. Here are some of them.

Credit
Foreign exchange
Electronic funds transfers
Deposits
Fund management
Investment management
Corporate administration

Choosing the location of an offshore bank is also important. Here are some of the popular areas where offshore banks operate.

Bahamas
Hong Kong
Malaysia
Macau
New Zealand
Panama
Seychelles
Singapore
Switzerland
United States of America

The USA, being one of the offshore banking nations, has become more transparent with the bank accounts of non-residents. This is in compliance with the International Monetary Fund’s (IMF) regulation regarding transparency. This is very assuring for corporations and other clients.

Offshore banking bank clients prefer offer security of one’s assets. Before securing your assets in a bank outside your country, make sure that the nation is free from political, financial, and economic crises. In this way, you can make an informed decision and avoid financial risks.

If you have questions, please visit us at www.immediatecapital.com/ for complete details and answers.

Finance

A List of Car Finance Terms Every Car Buyer Should Know

One of the most important aspects involved in Burlington auto sales and similar industries in other cities is car financing. Different sources of car financing exist, and buyers can choose whether to pay with cash or credit. The intricacies of buying a car may be daunting for first time car buyers; here is an enumeration of car finance terms that can enlighten anyone who wishes to purchase a car in a dealership.

Dealer Sticker Price

Typically found on a car’s windshield, the dealer sticker price is an automobile’s public price. This gives the car manufacturer’s suggested retail price (MSRP) and determines the starting point of negotiations between dealer and buyer. There are instances when buyers pay the sticker price, and in some cases when the demand for a car is high, the seller puts a higher price for it. Paying the dealer sticker price is a safe option, but negotiating can further end in a win-win situation.

Dealer Invoice Price

The dealer invoice price is what the car dealer pays the car manufacturer. What goes between the dealer invoice price and the MSRP is the profit of the dealer and the amount a buyer can negotiate with. The price Burlington auto sales personnel offer is largely dependent on the required payment of dealers to manufacturers, and of course their profit. The dealer invoice price is susceptible to adjustments because a manufacturer manages profits along with the demand decline of a car model.

Annual Percentage Rate

This is the interest rate calculated every year and includes fees and charges of a loan. The annual percentage rate (APR) is constantly attached to a loan term. According to car finance experts, the APR is the most ideal way for consumers to compare financing schemes because this is where dealerships and lenders charge all kinds of fees and expenses.

Rebates

Rebates are like gifts to car buyers provided by car manufacturers to motivate the former purchase a particular model. These are usually presented as selling price reductions. These also offer more convenient car financing rates, also known as either-or offers. Rebates are typically appended to slow-selling car models.

Dealer Financing

This is when dealers not only sell cars, but also gain extra profit by giving loans and marking up interest rates. This is convenient for consumers because it gives the opportunity to buy a car and finance at the same time, particularly those with bad credit history. Loans are also applicable for car repairs and services such as those available in a Burlington auto service center, especially for customers who are on a tight budget.

If you have questions, please visit us at www.AutoParkBurlington.com for complete details and answers.

Money

Know More About How To Attract Money

Will you ever consider the possibilities which exists with the idea to attract money, when looking to discover the best financial possibilities for a person to take advantage of. Hard work and struggle are 2 factors which are commonly associated with any person’s efforts to develop a financial foundation for them to build upon.

Whether you are trying to achieve personal financial goals or to start your own family, money represents a fundamental demand which every individual must have so as to achieve their aims. When youre able to utilize the lessons found with the ability to attract money, an individual more often discovers an incredible aid to help them in achieving their financial objectives.

The first and the primary idea that each person must embrace is found with self-confidence. It may seem like a childhood lesson but the impact that self-esteem and confidence has on an individuals mentality, can greatly influence their efforts in achieving their financial goals.

When youre uncertain of your own abilities or hesitant with regard to pursuing financial opportunities, it may create obstacles in your path and often lead to disappointment. A confident person has an incredible power in them that encourages growth and somehow inspires the opportunities to achieve their own objectives. When you have a powerful sense of self confidence, you will be Capable of utilizing the lessons more efficiently in finding the best way to attract money.

Once improved confidence has been achieved by a person and the power of positive thinking has been implemented, you would be able to take benefit of the next opportunity found with money manifestation. Every individual knows that a person who has started with the opportunity stating that they would accomplish their goals and will achieve their financial dreams.

Suddenly the world has opened up to them as they are discovering all the opportunities which they have ever desired in accomplishing their goals with the power of positive thought. Money manifestation represents these opening doors that people suddenly come across as they know they will succeed in their efforts to attract money.

In order to take the advantages of the unique possibilities none of the individuals will go in the wrong state of mind. When an individual is stuck in the thought that they need something, it’ll not likely come to them gift wrapped on a silver platter. When a person takes on the mentality that they would achieve something, it tells the universe that these are their objectives and they will be accomplishing them regardless of the obstacles set in front of them.

To identify how you can benefit from the opportunity to attract money, seek the assistance that can be found with self help audio tapes provided at http://www.thesecretofdeliberatecreation.com. This is the website that teaches people exactly what they must do to start manifesting the life they have always dreamed of.

Finance

Financing A Franchise Business? What You Need To Know To Obtain Finance For A Franchise

Can too much expert knowledge in financing a franchise business ever be a bad thing? We certainly don’t think so and we’ll show you how to obtain finance for a franchise business that you have chosen to purchase.

When talking to clients about franchise finance in Canada we generally talk about the Boy Scout motto. You will recall that their motto is ‘ BE PREPARED ‘ and that’s the total strategy around financing a franchise successful that you must adopt.

Getting the money to purchase your franchise of often the biggest worry of new entrepreneurs such as yourself. People search out franchising opportunities because they are essentially looking for a combination of opportunity and wealth – there is usually only one major obstacle to that road to success, it’s the funding for the acquisition of the franchise business.

If we had to summarize in a very simple and basic what you need to be successful in franchise financing we would boil it down to a few key issues. Want to know what they are? From our perspective it all comes down to a reasonable history of business or management experience , a decent personal financial profile – more about that one later, and access to the ‘ inside secret ‘ of franchise financing in Canada, which, you may be surprise to know, is the government of Canada !

Let’s circle back on those points – and as always it comes down and back to our Boy Scout motto – be prepared. We can see our client’s eyes rolling back now when we tell them we need a crisp business plan . That’s a key requirement of your ability to obtain finance for a franchise, simply because it’s the ‘ proof’, if you will, of your ability to understand and run your business properly. In that document you have info about yourself, the business you are purchasing, the industry you are in, and the financial performance you expect to achieve in your new role as business owner and entrepreneur.

From a lenders perspective financing a franchise business is all about one thing – getting paid back for the loan. So the lender will look at how you have structured the financial portion of your business plan to reflect ability to repay your franchise loan, as well as how much cash flow and working capital is left to pay yourself a salary and run your new business. Could anything make more sense than a properly crafted and positioned business plan – we don’t think so.

Your money – you have it, you want to keep it – don’t we all. However, whether it’s a franchise business or any business for that matter OPM never works – OPM is ‘ other people’s money’ and you can’t rely on 100% of outside financing to obtain finance for a franchise in Canada. So be prepared to invest anywhere from 25-50% of the purchase price into your acquisition. Coupled with that and this is critical, you must be able to demonstrate that you have run your personal and business affairs respectably from a credit perspective. Obtaining a copy of your credit report, in advance, by you, is strongly recommended.

And, oh yes, what about that Government Issue we mentioned. That’s one of the great secrets and tips we promised to reveal. Did you know that probably 90% or more of financing a franchise business in Canada revolves around a special loan program called the CSBF/BIL loan? It’s a federal program, and administered by financial institutions. Whats so great about it – limited personal guarantees, great rates, terms and structures.

Speak to an expert in franchise financing when you are looking to obtain finance for a franchise – seek out someone who is trusted, credible and experienced. Be prepared, and get ready to be successful.

Stan Prokop is founder 7 Park Avenue Financial ; Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/financing_franchise_business_finance_for_franchise.html

Banking

Investment Banking Basics: Know in Detail

Not everyone knows much about investment banking, so if you are one who is looking out for these then you must know its details too. Investment banking work is not a kind of financial investment method in any banking sector, however it helps in creating good wealth and finds of the client. With practical uses of resources availability of resources, commercial banking’s been using investment banking for this purpose. The people who are involved in this sector will help you with advices on how to get transactions in business you are.

There are two ways in, which you can increase funds in this sector. You can either release the stock, draw on the public funds from the capital market, which is also called corporate finance. Second way is venturing capitalists or private equities in becoming shareholders with the company. If you need any kind of advice to manage different takeovers, then investment banking is the best sector that is there to help you. Apart from this, they will also help you with advises to manage talents and declare the public offerings. Mergers process and acquisitions are the subjects that are held under corporate finance section of investment banking. This exact margin within investment banking along with other sectors of banking have not been, known much about, in last few years.

Corporate finance is one of the sectors of the investment banking where it works and then supports those companies that are getting the extra money mostly. Suppose there is a company that needs higher money to stay focused in the growing and stiff competition in market. This company wants to spend in the research and marketing of a product-based company and it is here that the investment banking helps in getting company’s shares sold. In this way, it helps in rising of funds for yourself. ‘Merger and Acquisition’, is yet another portion that can be explained through a good example. There is a company that is holding a top notch place in this market and it wants to buy one more company with it so that there is more authority in its name and the business. Here the investment banking helps by making the companies understand that they can merge and be powerful in their own group and acquire greater part of market. There are many other advantages of getting the companies merged and they also help in informing you the same. There are market conditions and time when the merging is said to be best so you can also know your own market time when you can merge your company.

Sale is another field where the investment banking has gained importance. These sales person perform great deal of work by convincing investors and to develop your relationships with these investors to sell their company’s stocks. They also help in giving you great advices on stocks and trading and these will help you buying and also selling of stocks along with getting other transactions done profitably in your business. Not only this, but you are also advised on the favorable market conditions and time when you can do any business.

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