A Practical Manual for Job Hunters and Career Changers Case Study

A Practical Manual for Job Hunters and Career Changers - Case Study Example If you love what you do and are naturally good at it- your talent will shine through and the money will follow. We should just concentrate on bettering ourselves at different aspects of the job and the rest will take care of itself. A career needs to be planned, as any top executive will tell you, and making the right choices will pay dividends in getting you to the right places so you can climb the corporate ladder and make a name for yourself. This paper will look at the salary data for three jobs of my choice and compare them in terms of overall suitability and usefulness as career choices. Discussion After a good introspective thinking session about my skills and abilities and the jobs I would like to be in, I have selected (1) College Teacher (2) Investment Analyst and (3) Business Process Consultant as the three professions I would most like to be in, in that order. Teaching is my first choice because I have an innate ability to learn and pick up facts quickly as well as to exp lain them to others in a way they would understand. Investment Analyst would be my second choice because I am good with numbers and have some interest in finance and how it runs the corporate world. The last choice would be Business Process Consultant in case I do not get into the first two professions of my choice. This again is a good choice for one who is good at dealing with people and processes and knows a bit about business problems in different areas and how to overcome bottlenecks or kick-start processes. It helps one understand what are the threats and opportunities to handle and how to use the company’s strengths and overcome its weaknesses to survive in a competitive environment, how the world works and what impacts on opinions. I think it is something we should all show a little interest in. All the professions I have chosen need some college and university education but what really matters is the long-term interest in these professions. Without this one would be a rolling stone (Bolles, 2011). Median, 25th and 75th Percentile Base Wages and Total Compensation (NYC) Profession 25th Percentile Median or 50th 75th Percentile College Teacher $14, 398 $17, 515 $21,786 Investment Analyst $53,767 $61,790 $82,401 Business Process Consultant $101,290 $114,367 $128,530 SOURCE: www.salary.com. Accessed on 23 Sep 2011. 1. Which jobs are paid more or less? Is this what you would have expected? Why or why not? What factors could explain the differences in the salaries? Yes, the price that a job commands in the marketplace is both a reflection of the demand and supply for that particular set of skills as well as the training and experience that is required to enter into a particular profession. For example, in the education sector, the basic qualification considered for a college professor is a Bachelors Degree. Similarly, for an Investment Analyst, the basic educational qualification would be a Business or Finance Degree. For a Business Process Consultan t this would be a degree in Project Management along with an innate sense of planning, organizing and problem-solving. Most definitely the cost of a college education is also included in starting pay considerations. As one gains experience in these fields, the pay also increases with promotions, bonuses, and further perks.