Monthly Archives: March 2016

10 Career Tips for the Recently Promoted

You’ve just been promoted. Now what? Your boss has congratulated you and directed you to your new chair. Everyone has made a fuss over your new job. Your career is on the rise. All the work you’ve put into your career plan, all your study and hard work has paid off, now what’s the next step?

Here are 10 ideas to get you off to a running start in your new job:

  1. Make sure you spend time by “showing up.” You can’t learn everything from written reports and emails. Be accessible, and the best way to make that happen is to frequently be out and about talking to your employees, getting their ideas and really communicating.
  2. Make it a point to become a better listener. The best ideas come from the employees as they know more about what is going on in their “100 square feet” of working world than you will ever know.
  3. Be positive and proactive in performing the administrative aspects of your new job. How well you handle these details will figure prominently in any assessment of your future career potential.
  4. Plan on helping all your people develop to their greatest potential. This is a critical area on how your superiors will judge you and your overall job performance.
  5. Do the best job you can in gathering information. The make the decision. Remember it’s rare when you have all the information necessary in making a decision. Your judgments have been good in the past or you wouldn’t have been promoted. So make the decisions required, be flexible and don’t be hesitant in making the required decisions.
  6. Be open to new ideas. Get in the habit of giving both sides a fair hearing.
  7. You now represent the company, its policies and procedures. Don’t apologize for company’s actions as it will only dilute your authority. If the company’s action is a problem do your best to have it changed. Be careful on picking your battles, some things are not worth wrecking your career over.
  8. Set high standards in everything you and your people do. Don’t accept mediocrity. Most employees will work toward a high standard; expect the best from all your people.
  9. Put in an extra effort to master the new job. Focus your attention on the new jobs priorities and work hard to get them completed.
  10. Take the time to review your career plan. What needs to be updated and changed? What worked in the past and needs to be continued? Don’t let the demands of the new job let your career plan gather dust. Now is the time to analyze what worked in the past and build for your future.

Changing Your Career Tips and Advice

Changing careers is a part of life. As young adults we consider what we want to be when we grow up. We might even go through college with that same goal in mind, but sometimes reality just doesn’t live up to our dreams or we find that we are better suited for something else. Invariably through life we have many jobs as we learn and train to become the person we want to be. A change in career can liven up our lives again or bring us to something we like better. There are a few things you might want to consider before changing your career.

Do you find your job dissatisfying? There are aspects of each career you will have that you don’t like. It could be the manager you must deal with, the co- worker, the changing rules, or certain tasks you are asked to perform. There are literally hundreds of reasons you might find your career is in a rut. What you need to ask yourself is if the entire career is the problem or just certain aspects? Consider for a moment that your current career is very rewarding. You are a child psychologist, but there is paperwork that you must do after seeing your patients. This is just part of the job. It may seem like you are in a rut as nothing changes, but really you’ve just lost focus. A lot of individuals who want to change careers tend to find they love their job after visiting a workshop. Sometimes it just takes a different perspective.

If this is not the case then you need to find what you want to change to. You will probably want to take an aptitude test to find out what you like most. Do you like working with numbers, ideas, around people? What are your interests or hobbies? Can these interests become the career change you want?

The next part of the agenda is actually making a move. Fear often holds individuals back when it comes to changing careers. They are too afraid that they will not excel at the new position or that it will not be enough income, etc. There are hundreds of reasons for the fear.

Once you can find the confidence to change careers little will stop you. You will need to look at various areas for the new job. Is where you live going to provide you with the right career change? Do you have to move? Can you afford to move?

Whenever you change careers you need to have the required experience. This can be obtained through volunteering, going back to school, etc. By following some of the questions above you can determine if you are really ready for a career change or just a change of pace.

The fact is it is never too late to change your career. Even if you have a family and a steady life, if you are unhappy with your career you can still change it to find happiness again.

Career Tips for Breaking Into Wall Street

For candidates seeking careers in finance, breaking into Wall Street can seem as likely as winning the lottery. Success requires time, determination, and a willingness to push your game to the next level. The following three strategies offer the potential to accelerate your career transition, bolster your résume, and provide an edge over the competition in a competitive job environment.

Professional Certifications & Associations – Find the Inside Track to Careers in Finance

Professionals seeking careers in finance might consider the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) designations. Other niche credentials include the Certified Hedge Fund Professional (CHP) or Chartered Alternative Investment Analyst (CAIA). These programs come with access to such associations as the CFA Institute, the CFP Board, The Hedge Fund Group, and the CAIA Association, along with networking opportunities through events, LinkedIn groups, and education programs. They can also provide a higher level of credibility in the industry, and in business as a determined, dedicated professional. The CFA is a great choice for many professionals, but particularly helpful for new graduates seeking to gain an early-career edge over the competition.

MBA Programs – Open Doors to Careers in Finance

Many careers in finance require or strongly prefer an MBA, which can open doors on Wall Street. Bulge bracket firms scout for top candidates from University of Pennsylvania’s Wharton School of Business, New York University’s Stern School of Business, Columbia Business School (places almost half of its graduates in financial services), University of Michigan (Ross), and other top MBA programs. This is an excellent option for someone looking to make a career change from a corporate environment into Wall Street.

Seminars, Classes, and Workshops – First Steps to Careers in Finance

Not ready to launch into a professional designation or MBA? Seminars, classes, and workshops can arm you with new skills, new résumé content, and new industry contacts that might later get your foot in the door. Consider taking classes in accounting, corporate finance, financial statements, valuation, mergers and acquisitions, portfolio management, economics, capital markets, derivatives, foreign exchange, equities, fixed Income, and other finance related topics. These can show initiative, and may go toward an eventual MBA.

None of these strategies are quick fixes, but they will move you closer to landing a position and launching a career on Wall Street. The key to making these strategies work is commitment, of which you will need plenty to be successful on Wall Street.