Career Preparation

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An externship gives college students a "a day in the life" experienceIt. Externs may or may not work on actual client matters; Individuals and organizations who host externs are contributing their valuable time to give you a free learning experience; typically you neither receive compensation nor do you pay for the learning experience. Externships are mostly for the purpose of learning more about a career field or work environment, but if you make a very good impression on the people you meet, it could open the door to another experience (internship, co-op, summer job, etc.) later. For example, David N. Deutsch & Company have a great externships. It gives students real life experience in a New York, investment banking boutique. They are presented with a rare opportunity to sample the world of investment banking and gain perspective and career advice from well respected Wall Street professionals. Facebook Public Policy Externship is also available to college students pursuing a BA or graduate degree in business, law, political science, public policy, international relations, communications, journalism, or equivalent. This is a full-time, contract position for the summer of 2015.

Internships are usually one-term experiences and are often in the summer, though not always. Internships can be paid or unpaid, full-time or part-time, and are sometimes for academic credit; these factors vary by career field and employer. For example, JP Morgan Chase & Co is offering Corporate Analyst Development Program for undergraduate students. You’ll learn how the businesses work together, while being exposed to data and analytics, risk and control, process improvement or project management projects in this 10-week program. Little training will be provided and it begins with an orientation of the firm’s business lines and the industry as a whole. Many of the high-performing interns receive full-time offers from the company. It offers in US in multiple locations such as New York, Ohio and Washington. Insight Investment Counsel is also offering an equity research internship. The intern is a valuable member of the small Insight team. Students will work closely alongside the Research Associate, providing them with vital information, gaining meaningful hands-on experience in the process. In charge of key projects, the intern will gain day-to-day exposure and be able to walk away having gained the skills.

- Wages

Median pay for Entry-Level Financial Planning Analysts is around $55K per year. Total incomes of Entry-Level Financial Planning Analysts incorporate potential for, in a few cases, more than $7K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $41K and $76K. A large number report receiving medical coverage from their employers and most collect dental insurance. After that people may move to Finance Managers , they will receive an average salary of $89K per year. Total cash compensation to Finance Managers bottoms out near $46K and approaches $129K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $15K from profit sharing. The particular firm is the main element affecting pay for this group — the particular city and years of experience are driving factors as well.An average Financial Planning Analyst in the United States can expect to take home roughly $60K per year. After that people move on to be a finance director, they will receive an average wages of $103,071 per year. If you perform really well, you may get promoted to Vice President (VP) Finance & Chief Financial Officer (CFO). A Vice President (VP) Finance & Chief Financial Officer (CFO) earns an average salary of $138,057 per year. Total incomes of Financial Planning Analysts incorporate potential for, in a few cases, more than $10K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $43K and $89K. The most important factor affecting compensation for this group is experience level, followed by the particular city and the individual firm.

There are a number of variables that will impact this calculation such as number of dependents and marital status. The mortgage interest and the amount given to charity is also an important factor in tax deductions. For most students, they are single and have no kids. For example, you perform really well in the job and you receive the total of $80k. The full $80k isn't hit with federal income tax, because you have a $4,000 exemption and can use the standard deduction of $6,300. That leaves $69,700 in taxable income. CA is a little different but same concept. The federal income tax is$13,219. California state income tax is $4,470. Total income tax is $17,689. Salary is earned income, which is hit with payroll taxes of 6.2% for Social Security (on the first $118,500 in earned income) and 1.45% for Medicare (on all earned income). Total income-related taxes is $24,529. These calculations are done by tax calculators. Many people have pre-tax deductions on their paychecks for things like a 401(k) or health insurance, lowering the tax bill.

- Job satisfaction

Financial analysts need to remain vigilant about gathering information on the macroeconomy as well as information about specific companies and the fundamental microeconomics of their balance sheet. In order to stay on top of financial news, analysts will need to do a lot of reading on their own time. Analysts tend to read publications such as The Wall Street Journal, The Financial Times and The Economist as well as financial websites.Being an analyst also often tends to involve a significant amount of travel. Some analysts travel to companies to get a first-hand look at company operations on the ground level. Analysts also frequently attend conferences with colleagues who share the same specialty as they do. While a career as a financial analyst requires preparation and hard work, it also has the potential to deliver not just financial rewards but the genuine satisfaction that comes from being an integral part of the business landscape.

Investment banking analyst work long hours at a prestigious job with excellent advancement opportunities. For me, I really enjoy working with numbers. I believe that numbers talk and also represent some stories. I enjoy researching, synthesizing and modeling financial data and finding trends. Its also exciting to thrive under pressure and the challenge of deadlines.

2.Actuary

An actuary will use math, statistics, and financial theory, plus tools like databases and statistical software, to determine the risk involved in insuring someone based on their age, driving