Do you mean a career in finance? Here’s what you need to know

Working in finance can mean a lot of different things. The range of careers is much wider than most people think. If you are considering a career in finance, here are some things you should know beforehand.

Internships are priceless

Internships are a great way to gain work experience. Employers often pay for your work as an intern. Therefore, the trainees can earn a living while learning how to do their jobs. Apprenticeship salaries do not match the salaries of full-time employees. However, seniority offers many benefits besides financial compensation.

First, the internship starts at the door of the prospective employer. You don’t have to work for a business that you do in the long run. But many people consider this to be the best option available to them. Companies that already know who you are and, most importantly, believe that you are more likely to get the job later.

As an intern, you can also get hands-on experience of the specific role you want to play. If you can’t work in the position you want as an intern, you can still work with someone in that role. The front seat is the next best thing to do the job itself.

Who are you?

So far we’ve gone through the most important considerations for anyone pursuing a financial career. There is no shortage of financial jobs, but the sheer number of careers on offer can make the process daunting for some. The best choice for you will depend on your existing skills, knowledge and experience, and your hopes for the future.

The first part of the decision-making process about which career to pursue is assessing where you are now. The degree or other qualification you have on your behalf will determine which jobs you can consider. However, they don’t have to be limited by the skills you have. Nothing should stop you from getting a new degree or other qualification if you need to do it for your dream job.

You don’t just have to think about your academic status. We all have a wide variety of skills and talents at our disposal. If you feel like you have nothing to offer, don’t be discouraged. We can guarantee that you will have more talent than you can imagine. Often, it’s only when you sit and think that you realize how many skills you actually have.

As well as your academic resume, your resume should show something about who you are as a person. When you have a passion for the position you’re applying for and know how to use it to help you reach your future goals, writing an enthusiastic resume is easy. Most people know how to talk about their individual qualities as part of their personal statement on their resume. After all, it is one thing to list your qualities and show how they will help you achieve your personal and professional goals.

It’s a good idea to take some time to determine who you are and what you want out of your career before applying for a job.

Who do you want to be

Once you are sure that you understand who you are today, you need to think about what you want for the future. Your long term goals play a big role in determining your job satisfaction. When you hit another dead end that doesn’t lead you to the future you want, it will be difficult for you to get a lot of enthusiasm for it.

On the other hand, if you choose a job where you feel like a person making progress and are focused on your long-term goals, staying motivated and happy is easy. Many people pursue careers in finance because they want to apply what they know to help others make informed decisions about their future. If this sounds like you, there is a lot of financial work out there that you can do to help other people.

For example, Portafina is regulated by the FCA business which advises clients on retirement. When you work for this type of company, you will gain skills that you can exceed on your resume. But there’s also a lot of Portafina work that’s all about helping people choose the right retirement plan. Choosing a retirement plan is a decision that can change a person’s life in the future. Regardless of whether you consult with customers in person or not, you will be satisfied knowing that you are making a positive contribution to improving their future.

Who you will work for

Once you know what kind of job you will be doing, you need to start thinking about which company you want to get your resume from. You must clearly define your long-term aspirations. With this information, you can more easily find companies whose methodology is the same as yours.

There is not too much research to screen potential employers. Choosing a future employer is a big decision. You want to make sure you do it right. Apart from doing a Google search, you can find a lot of information about what it’s like to work for a company by browsing social media.

Working in finance is very different from what most people think. Many people think that a career in finance is about numbers and there is not much human element to it. However, when you work in finance, you can literally change the lives of other people. If you take the time to find the right job and company, a career in finance can be very rewarding.

Tagged : / / / / / / /

How does the kickstart scheme work? 10 key questions are answered under the long-awaited £ 2 billion plan to get young people to work

This week the government finally announced details of the Kickstart program after Chancellor Rishi Sunak promised to provide more information in August.

Back in July, in a speech about mini budgets, he announced that he would start a Kickstart program to bring young people at Universal Credit who had lost their jobs and opportunities due to the coronavirus back to work.

With the launch of Kickstart this week, we finally have more details on how employers – large and small – can apply, and some SMEs are disappointed with the results.

Some have even described it as “complicated” and “frustrating” for young people, especially as those in similar industries have to get together to apply for the program, as we explain below.

You can also find more information on how people aged 16 to 24 can apply for this role.

Here are the top 10 questions and answers to help you speed up Kickstart and how it works …

  1. What is the Kickstart Scheme?
    The government describes the program as “an innovative way to help young people in the workplace and promote the UK’s economic recovery”. It was officially released on Wednesday.

The system is subsidized by the government, which pays 100% of the age-appropriate national minimum wage, social security and pension contributions, on the condition that young people aged 16 to 24 are provided quality work with at least 25 hours per week.

  1. Why is there a start delay and where can I find out more?

This is not clear. The Chancellor announced in July that we will find out more about the program in August. But the information wasn’t revealed until this week.

Companies can now sign up to be part of the initial £ 2 billion and get more guidance here.

Young people who wish to participate can find out more here.

  1. Can employers pay more if they want?

Employers can supplement this salary if they wish, but it is provided from their own resources.

However, if they need more funding for support, training, uniforms, setup fees and equipment, the government pays employers £ 1,500 for each Kickstart accommodation.

  1. Why is the government so focused on youth unemployment?

The government says youth are more likely to be promoted because many are working in sectors that have been disproportionately affected by the pandemic.

Government figures now show that a record 538,000 under 25 say UC is blocked.

Kickstart jobs are designed to enhance their skills in the workplace and help them gain experience to increase their chances of finding long-term employment.

Chancellor Rishi Sunak said: “This is not just about improving our country’s economy – it is an opportunity to start the careers of thousands of young people who may be left behind as a result of the pandemic.

“This program will open the door to a better future for new generations and ensure that Britain returns stronger as a country.”

  1. I’ve heard that people like Tesco are committed to offering start-up jobs – how can my small business survive?

While Tesco is involved, the government ensures that companies of all sizes can apply and want to create quality jobs for young people.

Companies with more than 30 people can bid directly online via the Kickstart homepage.

However, there is one additional obstacle that SMEs have to face. If an SME has less than 30 employees, they will need to collaborate with other SMEs to form groups of 30 roles.

In practice, small businesses need to take part in the “Tinder for SMEs” exercise before they can register for the Kickstart program.

A DWP spokesperson said: “They [small businesses] can still apply for funding, but they have to work with other companies or organizations to create at least 30 jobs before they can apply.

“This can include similar employers, local government agencies, trade authorities, chambers of commerce and charities. If you need help finding a representative or other employer, contact your local employment center.

“Through our partner team, we have tailor-made contracts for partnerships with employers who work from our work centers.

“They will help connect employers with fewer vacancies with other people or representatives.”

However, it has frustrated some SMEs with registering to be part of this system.

Some have argued that the process is leaning towards larger companies with a simpler application process (see SMB’s response to the Kickstart program).

However, DWP believes that this is not a competitive process. It read: “This is the most effective process for us to accommodate young people quickly. Evaluating separate bids for each vacancy will slow us down.”

  1. Why can’t the company advertise the role and find their ideal candidate?

It wasn’t clear at first, as so many companies started promoting Kickstart’s role on online platforms like LinkedIn and Totaljobs.

But last month DWP warned companies not to promote the role after “It’s the Money” introduced the list.

DWP said: “Young people will be directed to new roles through their job coach Jobcentre Plus. The first kickstart is expected to start in early November.”

The company still needs to provide a job description. DWP said, “Once the application is approved, we will need a detailed job description to ensure we identify the right young person for the position.”

  1. How long will it take to kickstart?

It is supplied by DWP and is initially open until December 2021 with a possible extension.

  1. How much will the government pay for the administration?

DWP said, “We will provide a representative agency of £ 300 for each person starting Kickstart to help cover administrative costs.”

  1. Is the number of initial jobs limited?

Not. Secretary of State for Labor and Pensions, Theresa Coffey, said: “As we launch the £ 2 billion Kickstart program and put young people at the center of our revival, we are calling on companies to join in and participate in this innovative program to take advantage of this enormous system. . “Potential there.

“There is no limit to the number of opportunities we will open through Kickstart, and we will fund each of them as part of our work plan to create, support and protect jobs over a six month period.

  1. Has the government introduced anything like this before?

The Labor government introduced a similar system more than a decade ago.

The Future Jobs Fund was launched in October 2009 to support subsidized job creation for unemployed youth. It is aimed at ages 18 to 24 who receive job seekers’ benefits.

Managed by DWP in collaboration with the City Ministry and Local Government.

Jonathan Reynolds, the DWP shadow secretary, stormed the Kickstart administration and said it was disappointing to young people.

Tagged : / / / / / / / / / / /