Six Sigma Job Description & Career Opportunities

A six sigma candidate is at least a university business management graduate. He is attentive to details, has good oral and written communication skills, good problem solving skills, and good analytical skills. He improves the quality of operations in the company. He reports to the vice president of operations. He possesses a six sigma green belt or black belt. He analyzes complex business data and establishes the kind of improvements that can be made for the company to increase profit. He is recognized for having at least ten years of business experience. A lucrative opportunity awaits him in the corporate setting with good performance.
Functions

Lean principles and six sigma methods are executed for the corporate performance to be improved significantly. Overseeing each corporate project from start to end is important. Since he received special training for six sigma methods, he also imparts the knowledge gained to the people at work. With the shared knowledge, the other workers can also benefit from his expertise and understand how they can contribute positively to the company. Processes can be improved. Waste can be eliminated. Customer service can be improved. Bottom line profit can produce a better yield. Through value stream mapping, root cause analysis, Kaizen events, and six sigma training belts, performance is strengthened.

As a team player, the six sigma candidate can supervise his subordinates effectively. Positive results happen through his leadership. As a team leader, he makes his message to the members understood. Multi-tasking is also needed as he juggles operations, processes, and team performance. He makes sure that the business objectives are achieved through worker performance. He is regarded as approachable, highly self-motivated, knowledgeable of the methodologies of ISO9001, effective management of projects, and improvement. He facilitates communication between engineering and technical support. He can manage creating control charts, plotting data on graphs, recognizing situations that are risky, and suggesting strategies for how the various departments can realize their objectives.
Responsibilities

He is also knowledgeable of technologies used for software testing. Superiors want him to be skilled with test reports, test plans, and test cases. In the analysis of business processes, standard quantitative methods are used. When he is on the field, he visits the company sites and inspects them. The manufacturing locations are also included for field work. With five years of experience behind him in a multi-discipline organization, he can extend this duration with the company. He may experience being in stressful situations where he must maintain composure. The pressure he experiences is not overwhelming for him.

The six sigma candidate can submit files on the deadline and be an effective communicator for all levels of the company. He can be recognized for good performance and sent to attend professional seminars and conferences. He is fortunate to work the normal day hours from 8:00 am to 5:00 pm. There are plenty of opportunities that he can attend outside work. These can give him an advantage over his colleagues to be deemed by management as an asset.

Securities, Commodities, and Financial Services Sales Agents Job Description & Career Opportunities

Putting it as simply as possible, this job entails selling financial services and products to clients ranging from individuals to large institutions. Sales Agents can sell stocks, bonds or any number of financial instruments and will earn a commission for their firm and, quite often for themselves. There are different specialties under this job category, each having its own job responsibilities.
Job Responsibilities

A stock broker is the most common type of sales agent. His job is to give advice and make recommendations on particular investments such as what stock to buy, what bond is best for your portfolio or if it is wise to invest in a certain mutual fund. Once the client comes to an agreement with the broker, the broker will send the order to the floor of the securities exchange and the order will be executed. The broker is paid by charging a commission for his efforts. Naturally, being a skilled salesman is an important aspect of this job. You must be willing and able to talk to people, explain an investment opportunity and not have your feelings crushed when the prospective client says “no thanks” and hangs up the phone.

Investment Bankers are also sales agents. Their role is a bit different than that of a stock broker. They work to raise money for start up companies. Established companies also may be looking for additional funds for ongoing operations, product development or expansion. This can come in the form of debt (bonds) or equity (stocks). Underwriting, as the process is called, involves issuing the debt or equity and then selling it to institutions or the general public. Funds are turned over to the client and the Investment Banker receives a commission for his services. Other functions of an Investment Banker include helping private companies go public. An Initial Public Offering (IPO) is underwritten by the Investment Banking firm and stock is issued and then offered for sale to the public. Investment Bankers do multi-million and billion dollar deals in which the Firm and Investment Banker’s commissions are incredibly lucrative.

Specialists, or Market Makers are a select few members of this job categorization. The final link between the time an order is placed and executed, Specialists help make a market in a particular stock. They hold a large number of shares in their account and are able to buy or sell shares depending on the demand. They try to reach a state of equilibrium where there are an equal number of buyers and sellers and the stock does not fluctuate wildly.

Finally, Financial Services Sales Agents work with the public as well as businesses on a variety of financial issues. They may help with banking services like checking, loans and certificates of deposit (CD’s) or offer advice on retirement savingst and estate planning.
Stress is almost unavoidable in this job category. In exchange for a chance to make a very good living, employees must put in long hours, take verbal abuse and face daily rejection cold calling for new business. Giving bad advice and costing a client money adds to the stress of working in a highly competitive environment. New workers are usually paid a salary as they learn the ropes. Unless you start producing and earning commissions for the firm (and yourself), you will be considered “dead weight” and find yourself out of a job.
Training and Education Requirements

People who enter this field usually have a degree from a business school. They may have majored in accounting or another specialized area of business or just have a general Bachelor of Science degree.Earning a Masters in Business Administration (MBA) will help you advance faster and get a higher rate of pay. It is common for Wall Street firms and other financial institutions to want to teach new recruits to do things their way. As such, there usually is a great deal of on-the-job-training required in addition to a formal education. Experience in the real world, particularly, proven sales performance, transfers well to this profession. The financial world is ever changing and requires an ongoing learning process. Continuing education, including taking classes, attending conferences or seminars and listening to lectures is part of the job.
Salary and Wages

The median annual wages in this field, according to the latest 2008 statistics issued by the Bureau of Labor Statistics was $68,680. Senior Sales Agents, with large institutional clients and big individual accounts can easily earn into the millions. This is a commission-based occupation, so, the more you can sell, the more you can earn.
Certifications

A Series 7 Exam is required for all Brokers and Investment Advisers. Taking a test given by the Financial Industry Regulatory Authority (FINRA) is standard fare for this job. This test will allow you to become a registered agent and be able to perform the functions of a broker. Many other licenses and certifications are specific for selling different financial products.
Professional Associations

To work in this field, you must register and be a member in good standing with the National Association of Security Dealers. While not a prerequisite for employment, depending on their particular background and job description, many of those employed in this field are also members of Banking, Insurance and Financial Planning Associations.

Sales Representative Job Description & Career Opportunities

Sales representatives are just that: representing the company to the buying public. The sales representative will be the first impression of the company the prospective customers will see and so a good impression must be left on them in order to retain their patronage. The sales representative will have superior knowledge of the company’s products and services and be able to point the consumer to the proper department. Sales personnel will usually have the authority to satisfy consumer problems or questions as long as it is not an administrative question pertinent only to management. Sales representatives interact with all departments of the company in order to satisfy not only customer service, but also facets such as inventory and loss management.

Many sales jobs require or strongly prefer candidates who have earned a degree in business of a sales related field. Check out the programs below which offer free information:

    Associate in Business Management – Marketing and Sales by Rasmussen College
    Bachelor in Business Administration – Sales & Marketing by DeVry University
    A.A.S. in Business Administration/Sales by Kaplan University

Sales representatives have an enticing choice between demonstrating products through which gaining leads could perpetuate their business, representing a brand such as cars or cell phones or photography, to many more possibilities. Products usually sold by home business owners such as health and wellness products, weight control products, green cleaning products, home decor and the list is endless all enjoy association through the sales representative.

Job Responsibilities

The sales representative will work on the sales floor or the customer service desk. The sales person may perform demonstrations or set appointments. The sales person will be familiar with the stock room, where he will locate stock not on the sales floor for customers. The sales representative will be familiar with pricing and how to ascertain that which is properly marketed and that which is on sale. The sales person will be sure his area is clean and stock is well supplied. He will be responsible for pulling stock which is out of date, not properly marked for that week’s sales or that which is destined for the clearance bin. The sales representative will interact with customers, seeking satisfaction for returns, trades and money back for items not wanted or damaged. He will contact management in situations requiring a management decision and interact with other department heads and cashiers in the course of business. If representing a brand or product, the sales representative will interact with customers in accordance with company guidelines, ensuring a pleasant experience to all while growing the brand or product.
Training and Education Requirements

Some sales representatives have a little business administration education or marketing education, considering this is a job a lot of people do part time while going to school or working two jobs. A high school diploma is usually the education level for this type position because it is filled with a variety of people, from the college student needing extra money to the housewife who wants to supplement the family income, to the single person struggling to make the bills and seeking extra help. Training is usually provided by the department head or manager on duty, as in the case of grocery or department store personnel. Those in sales of independent products or demonstrations are trained by company personnel before letting them go on their own, perhaps supervised at first. Either way, experience will provide training and education.

Salary and Wages

Many persons in sales begin with minimum wage and receive raises on a schedule determined by the company. Continuing education can be a good way to get a good raise and supplement the sales person’s knowledge. Those who have been in sales for many years often begin well above minimum wage and receive raises at the discretion of the company. Most people in sales are part time employees and will not receive the set salary of a full time employee or one well versed and educated in marketing and business administration. It is entirely possible for the beginning sales representative working part time to make up to $13,000 per year, based on part time employment being defined as thirty hours at the rate of nine dollars per hour.

Certifications

Certain categories of business require certifications, such as the food industry. If the sales representative accepts a position demonstrating a food product, for example, he will need to be certified in the safe handling of that food item. A sales representative could take a position in insurance or real estate, but those require licensing according to the sales person’s state regulations. Sales representatives choosing cell phone sales, for instance, would have to be certified in the particulars of the product they sell so they can ascertain possible repairs or other maintenance issues which might need to be performed. The general area of sales in such businesses as department stores, grocery stores, car salesmen and the like do not need specific certifications.

Professional Associations

Unlike the medical community, for example, some genre of sales enjoy no society in which its personnel can claim association. If the sales position is in a business such as insurance the professional association would be the Professional Insurance Marketing Association. The sales representative involved with timeshares within the hospitality industry would benefit from being part of Hospitality Sales and Marketing Association International. There are a few associations available to the sales person, but department stores, for example, would have none.

Sales Management Job Description & Career Opportunities

Advertising, marketing, promotions, public relations, and sales managers research the market, develop a marketing strategy, advertise, develop promotional pricing, manage public relations, and coordinate product development.

Many sales management jobs require or strongly prefer candidates who have earned a degree in business of a sales related field. Check out the programs below which offer free information:

    Associate in Business Management – Marketing and Sales by Rasmussen College
    Bachelor in Business Administration – Sales & Marketing by DeVry University
    A.A.S. in Business Administration/Sales by Kaplan University

Advertising managers design advertising campaigns and communications mediums. They work for an advertising agency in creative departments. They work in media, manage accounts, and sell advertising. They coordinate advertising staff and personnel. They can advance to director or copy chief.

Marketing managers promote products. They develop product demand estimates and develop plans for marketing strategies in terms of pricing. They coordinate activities with the sales department. They study marketing trends. They manage the development of the product.

Promotions managers develop programs and plans to increase sales. To increase sales, they use advertising mediums. They promote advertising through mail. They advertise in newspapers. They promote products on the Internet. They design store displays. They manage advertising events. As part of their promotional campaigns, they include samples, coupons, and contests to promote participant entry.

Public relations managers study public image trends. They improve the public image of corporate clients. They clarify the company’s point of view. They manage crises. They oftentimes work in healthcare. They coordinate activities with advertising staff. They work with the marketing department. They write newsletters, interoffice communications, press releases, and departmental reports. They manage events and conferences. They promote corporate products. They have direct contact with the national press.

Sales managers study territories for potential product sales. They implement goals. They create programs to train sales representatives. They develop plans to improve sales. They manage local and regional sales figures. They train staff. They manage vendor programs. They interpret sales figures. They formulate statistics. They monitor sales preferences.

The need for advertising marketing, promotions, public relations, and sales management professionals is expected to grow by thirteen percent through 2018.
Sales Management Job Responsibilities

Advertising, marketing, promotions, public relations, and sales managers work under extreme time constraints. They ensure that goals are met. They work within deadlines. National travel is required for sales managers. They meet with distributors and clients. Public relations managers meet with government officials. Job transfers occur frequently.

Advertising, marketing, promotions, public relations, and sales manager work over forty hours per week. They commonly work evenings and are expected to sacrifice some weekends.
Sales Management Training and Education Requirements

Although many employees may begin at entry-level as sales agents and support staff, in some industries, advertising, marketing, promotions, public relations, and sales managers are expected to have a college degree in the field. Marketing and sales managers are expected to have a bachelor’s degree or an advanced degree. Employers expect marketing and sales managers to have completed coursework in business, economics, finance, and especially statistics. To gain experience, marketing and sales managers complete an internship in the field. For some technical areas, marketing and sales managers should consider coursework in manufacturing and complete a degree in engineering.

Advertising managers should expect to also complete a bachelor’s degree in the field. Such majors include advertising, marketing, and research. Students may supplement their studies with coursework in business, graphic arts, and sales. Public relations managers should also expect to complete a bachelor’s degree. A master’s degree is preferred for this field. Employers prefer the following majors: public affairs, advertising, and technical writing.

Advertising, marketing, promotions, public relations, and sales managers must have computer skills. They must have a strong aptitude for interpreting and managing data. They must be familiar with marketing principles; and Internet marketing techniques. Advertising, marketing, promotions, public relations, and sales managers who have studied a foreign language have greater opportunities for employment.

Advertising, marketing, promotions, public relations, and sales managers must be creative, able to work under stressful conditions, and must be decisive. They must be able to communicate effectively in writing and verbally and able to maintain a sound relationship with supervisory and support staff.
Sales Management Salary and Wages

According to the Bureau of Labor Statistics, the median annual wage for advertising and promotions managers in May 2008 was $80,220; for marketing managers, $97,260; and for public relations managers, $89,430. Marketing managers within different industries earned significantly more than all of the managers combined.

For example, marketing managers who worked in the computer industry earned $127,870, only slightly higher than what they earned working for a non-computer company: $115,650. Sales managers who worked in the commercial wholesales industry earned $2,740 less than marketing managers who worked in the computer industry: $125,130. Sales managers who worked for the electronic industry earned $114,670. That is only $980 less than the marketing manager who worked for the non-computer company. In essence, marketing managers and sales managers who work in manufacturing often receive higher salaries than those managers who don’t work in the industry. To enter the marketing field, students majoring in the field should expect to receive approximately $43,325 as entry-level pay according to the National Association of Colleges and Employers.
Sales Management Certifications

Although to be certified to be an advertising, marketing, promotions, public relations, and sales manager is not required, most managers obtain certification through the Public Relations Society of America (PRSA). The PRSA offers its program participants a certification curriculum for managers involved in public relations.

Advertising, marketing, promotions, public relations, and sales managers may also receive training in management program seminars as part of their professional education in the industry. These training programs are part of the company’s leadership development curriculum.

Advertising, marketing, promotions, public relations, and sales managers may also enroll in coursework at colleges. They may take courses in brand management, product development, marketing evaluation, sales, research, and communication. Many companies assume the costs of such post-graduate training, on- and off-campus.
Sales Management Professional Associations

Advertising, marketing, promotions, public relations, and sales managers may join the American Association of Advertising Agencies (4A’s). The American Association of Advertising Agencies represents the advertising industry. Membership benefits include services such as research, a savings plan for retirement and insurance, and professional development.

Advertising, marketing, promotions, public relations, and sales managers may also join the Public Relations Society of America (PRSA). The PRSA is an organization of professionals who specialize in public relations. It establishes standards for the field of public relations. It serves as an advocacy organization for its members. It created the Public Relations Student Society of America (PRSSA) for local colleges. Membership benefits include such services as networking contacts, recognition in the field, learning opportunities through an accreditation program called the Accredited in Public Relations (APR) program, and daily communication updates through the website’s blog.

The Public Relations Society of America (PRSA) offers different membership types based upon years of service in the industry. Potential members with two or more years in public relations may join and pay annual dues of $225, with a $65 initiation fee. Associate Members with one to two years of experience pay annual dues of $155; and associate members with less than one year pay annual dues of $115. Graduate students who join as a student member, majoring in public relations, pay only $60 annual dues. Members also enjoy other programs that include partnership discounts for insurance, shipping costs, and financial planning.

Retail Marketing Job Description & Career Opportunities

Retail business is the cornerstone of any economy. Retail outlets provide the shops and stores that allow the general population to purchase their daily necessities and this common demand creates the various markets. It not only creates the sales markets, but the employment markets as well. There are very few vocations for the average individual to follow that can create a climate of job security like retail marketing experience.

Most retail marketing positions require a degree in retail management or a related field. Check out the programs below which offer free information:

    BS – Retail Management by Capella University
    Bachelor of Science in Business / Retail Management by University of Phoenix
    Bachelor of Business Administration – Retail Management by Strayer University

Retail marketing is a broad-based career and ranges dramatically in both single and multiple product lines. There is any number of national retail franchises that are constantly on the lookout for honest and dependable individuals who are willing to be trained within the scope of a particular franchise branding system. However, retail marketers are not necessarily assigned to the various department store chains around the world. For a product to be successful, it must be marketed efficiently and that includes everything that is available for purchase.
Retail Marketing Job Responsibilities

Retail marketing is a very general career field, but there are many rules that apply in all retail operations. Marketing can include a store’s particular approach to marketing strategies, including display methods and point of sale standards. Keeping a store within store standards is one of the most important things that associates can do, as the store’s appearance is a critical marketing device. Stores regularly change floor plans purposely for marketing and sales reasons.

The goal of the focus on effective retail marketing is to enhance store growth and increase sales, but a store’s forecast can force retail marketers to adjust according to trends or unforeseen circumstances. Effective retail marketers should have the ability to shift marketing strategies in certain situations.

Retail marketers are largely responsible for knowing store inventories and core items, along with any particulars involving an attractive suggestive sales marketing program. Understanding franchise branding is crucial to any retail marketer, regardless of the merchandise.
Though we usually think of retail marketing in terms of consumable items, retail marketers are often involved in promoting durable goods and luxury items. In many of these cases, retail marketing managers can be involved in regional and national advertising campaigns when associated with any particular item.
Retail Marketing Training and Education Requirements

There are no training or education requirements for entry level retail marketing positions. Most retail businesses will require any potential applicant to have a minimum of a high school diploma. For the individual who is considering a career in retail marketing management, that may not be the case.

Successful retail marketing managers need a bachelor’s degree in marketing or a business discipline. Along with formal post-secondary training, good retail marketers are proficient in economics. statistics, mathematics and language. Attention to detail is imperative for any marketer who is in charge of large of inventories, along with effective organizational skills.

Many retail marketers are in positions of charge, including cash register oversight and loss prevention. Depending on the size of the company, retail marketers can also be specialists within the marketing divisions and do not have overall store responsibilities. Specialist curriculum in inventory management could also apply in the right employment situation. Many retail managers and marketers have used two-year degree programs to start their careers, often working their way through college.
Retail Marketing Jobs Salary and Wages

The Bureau of Labor Statistics lists the median salary of retail marketers as $85K per year. This number can be skewed by the huge disparity in operation sizes and job responsibilities. Retail marketers are essential management personnel in almost every case, but any individual who is just beginning their career should not expect this compensation rate. Retail marketers are generally promoted through the ranks of the employees because of emphasis in retail business on dependability and honesty. Retail marketers with large corporations can, likewise, expect to be compensated by industry standards based on the talent of the particular individual. Many independent marketing companies secure huge marketing contracts and often the pay of the marketer is tied to value of the contract.
Retail Marketer Certifications

Retail marketers have no professional license or certification requirement, but any certifications that fall within the scope of their particular responsibilities is always a plus. Retail marketers who are in charge of large budgets could easily apply a CPA licensing on a regular basis, but this normally only occurs at the upper levels of management.
Retail Marketers Professional Associations

There is no shortage of of professional associations for anyone considering or already employed in the retail marketing career field. Examples of retail trade associations include the Professional Retail Store Association, the American Marketing Association, the National Association for Retail Marketing Services and the Retail Management Association. These professional fraternal organizations provide networking resources for marketing professionals, along with the opportunity to discuss both general and specific problems facing any particular niche of their industries.

Recruiter Job Description & Career Opportunities

A recruiter is responsible for recruiting the right candidates who are matched with specific jobs. Numerous different industries employ recruiters, including the military. Recruiters are often employed by companies that recruit on a large scale. Some of the most common industries that hire recruiters include software, banking, IT, financial, retail and telecom industries.
Recruiter Job Responsibilities

Recruiters are responsible for hiring more employees within the company or organization. This can be accomplished by contacting placement agencies or employment services as well as by posting ads in magazines, Internet portals or local newspapers. Other job duties include ensuring that all records related to the compensation, health insurance and backgrounds of each employee is properly maintained. Recruiters may also coordinate with various department heads in order to identify the types of candidates that are required for the company or organization. Other job duties include executing and planning workforce planning strategies, maintaining records that pertain to company requirements and job responsibilities, identifying and recruiting the best applicants for particular job profiles, scanning and reviewing multiple resumes, analyzing the knowledge, skills and experience of candidates and overseeing work that is performed by a human resources department.

Other job responsibilities of recruiters may include creating job descriptions, developing a pool of qualified candidates, building networks in order to locate qualified candidates and assisting the public relations department in order to establish a strong reputation for the company to attract new recruits. Recruiters may also attend professional meetings and create contacts within the industry as well as attend job and career fairs, develop working relationships with colleges and universities to assist in recruiting and give presentations at student group meetings and colleges in order to increase awareness of the company or organization. Administrative duties may include conducting prescreening interviews, writing rejection letters, preparing offer packages and preparing new employee orientation packages.

Most recruiters work in an office; however, it may often be necessary for recruiters to travel in order to meet with candidates and make presentations. Both out of town as well as out of state travel may be necessary in many instances.

The employment outlook for this field is expected to be strong, with employment predicted to grow faster than average for all other occupations. Those who have a degree or certification will have the best employment opportunities.
Recruiter Training and Education Requirements

To become a recruiter, candidates usually must meet certain education and training requirements. Most recruiters will need to have obtained a bachelor’s degree within a field such as business or human resources. Obtaining a MBA or Master’s of Business Administration can be advantageous for gaining employment as well as for advancing within this career field.
Individuals interested in this career field should have excellent communication skills, which include both written and oral communication skills. In addition, they should have a good general awareness, which includes a practical knowledge regarding the current market conditions. Excellent analytical skills are also important as this job often involves a large amount of analyzing. Recruiters should also have good people skills and feel comfortable working with others. Other important skills include confidence and persistence as well as an approach that is flexible.

It is not uncommon for many employers to require candidates for this position to have a minimum of three to five years if not more experience in the human resources field. Specific experience working within a certain industry may also be required in order to advance to a recruiter or senior recruiter position.

Ample job opportunities are typically available in this field for individuals who have completed an education in international business, industrial relations or marketing. In the beginning recruiters may be required to work as assistants or interns before gaining a sufficient amount of experience to work independently as a recruiter.
Recruiter Salary and Wages

In 2008 the median annual salary for recruitment specialists was $75,000. Salary can vary according to geographic location, employer and level of experience and/or education. Recruiters who are employed by well known multi-national organizations tend to be much higher than those who work for smaller companies. Recruiters who are employed in larger cities will also usually make more money than those employed in less populated areas. In some cases, recruiters may also earn perks such as commissions and bonuses that are in addition to their fixed salaries.
Recruiter Certifications

Classes are offered by several professional associations that specialize within the field of human resources to help members enhance their skills. Certification programs are offered by some organizations, which offer measures of credibility and competence. Completion of such programs can help to enhance employment as well as advancement opportunities. The Society for Human Resource Management offers two different levels of certification, which includes the Senior Professional in Human Resources and Professional in Human Resources. Professionals who display exceptional skill may be promoted to director of human resources which may lead to an executive or top managerial position later. Others may choose to join an outsourcing or consulting firm or open their own business.
Recruiter Professional Associations

Professional associations for human resources professionals and recruiters include the National Human Resources Association.

Real Estate Brokers and Sales Agents Job Description & Career Opportunities

Each year millions of people enter into one of the most important financial decisions they will ever make, which is purchasing a home. Purchasing a home can be a very grueling and confusing experience, which could end up being financially disastrous if not handled properly. To help ease the process of buying and selling a home, real estate brokers and agents are often hired.

Most real estate careers are greatly enhanced by a degree or certificate in real estate or a related field. This training can lead to higher pay, better job opportunities, and increased client trust. Check out these programs which offer free information:

    Bachelor of Business Administration – Real Estate by South University
    BS in Real Estate Studies by Marylhurst University
    Real Estate Appraiser License by Allied Schools

Job Responsibilities

Real estate agents and brokers handle a wide variety of tasks for the real estate process. Someone looking to purchase a home will hire a real estate broker to find potential homes that fit their desires and within their budget. They will also organize home visits for the purchaser, help out in the negotiation of the purchase, and help organize appraisal, home inspections, and home closings.

Someone looking to sell their home will also hire a real estate agent. In this situation, the seller of the home will hire the real estate agent to help determine the proper sales price, stage the home for sale, market it to the general public, and negotiate with potential buyers.
Training and Education Requirements

Real estate brokers and sales agents in all 50 states required formal training and licensing. Brokers and agents first need to go through a formal educational program that ranges anywhere from 30 to 60 hours of classroom education. Those looking to become real estate brokers will have to take up to an additional 60 hours of classroom education.

Following completion of the required classroom education, almost all jurisdictions will require agents and brokers to pass a written test. All agents and brokers will be tested on their basic real estate knowledge including real estate law, different types of assets, how to formalize a transaction, and proper marketing techniques. Following successful completion of the test, the broker or agent will be fully certified. However, to keep up with changing laws and best practices, most brokers and agents will need update their license every 2 years.
Beyond the job specific educational requirements, education and training necessary is to become an agent or broker is minimal. In most states, agents are only required to be 18 years old and to have graduated from high school. However, specific agencies may want their agents or brokers to have further formal education in either real estate, business, marketing, or sales.
Salary and Wages

Real estate agents and brokers are paid purely on commission. Because of this the disparity in salary and wages from one broker to the next can vary significantly. In most real estate transactions, the average seller of the home is forced to pay a total commission of 4% to 6% of the sales price. Normally, half the commission is paid to the seller’s real estate agent and half is paid to the buyer’s agent. Most realtors work for large real estate broker houses who split the commission with the realtor. Therefore, in most situation, the real estate agent or broker will earn a commission of 1 to 1.5% of the sale of the home.

The median salary for a real estate agent and broker is about $35,000 per year. However, this includes a large amount of agents and brokers who use this as a part time profession. As mentioned earlier, the disparity between the most and least successful real estate agents and brokers is much more significant than most professions. The median 50 percent or real estate agents and brokers ranged from $25,000 to almost $85,000. The top 10 percent of all real estate agents and brokers earned well over $100,000 per year, and in some situations, over $500,000 per year.
Certifications

As mentioned earlier, real estate agents and brokers are only allowed to practice if they are certified. Certification requires successfully completing both classroom training as well as a written test. Depending on the state in which the real estate agent practices, the certification will have to be renewed every 2 or 3 years.

Beyond the standard certification which is required to perform the job, there are various other certifications available to educate an agent and advance their career. Through more formal training, agents and brokers can receive a variety of certifications including selling commercial assets, specializing in assets utilizing green technology, or specializing in foreclosed and short sold real estate transactions.
Professional Associations

Due to the vast amount of real estate agents and brokers in the industry, there are plenty of professional organizations which are designed for networking and educational enhancement. One of the most popular professional organizations is OREP, which is the Organization of Real Estate Professionals. This organization has thousands of members nationwide, which include agents and brokers, home inspectors, appraisers, and mortgage professionals.

Beyond OREP and other large national organizations, many real estate agents and brokers would benefit by joining local organizations. These organizations bring in thousands of professionals from local markets and provide many benefits along with a person’s membership.

Product Management Job Description & Career Opportunities

A product manager coordinates new product development with others within the company. Smaller companies may not have a separate product manager. The owner may have to assume all advertising, new product development, and market research activities.
Product Management Job Responsibilities

Large corporations usually have an executive vice president that directs the advertising, product development, and product market research. One part of product management is advertising. This is one of the most important factors in the success of the new product. An advertising manager works with members of the sales staff to generate good ideas for a marketing campaign. This professional must work closely with the creative staff that creates the actual ad, and the advertising manager must coordinate with the finance department to develop a working budget.

Also, the marketing manager works closely with the product manager. This manager is in charge of trying to sell the products through creating and implementing an effective marketing campaign. The product development manager works with the marketing manager to determine the demand for the product. Competition research is another key part of this process; the managers have to decide how their product is unique from the competition’s product. They must find target markets for the product. The marketing manager and product manager come up with pricing strategies. They must factor in the customer’s willingness to pay a certain price, and the need to make a solid profit on the product. Product managers have to keep up with the culture’s current trends in order to know what products are in demand. Staying in touch with popular culture is a vital component of effective product development. The key is to develop relevant products that meet a need or want. Then, the company must market effectively to the target market to gain sales for the product.

In addition, the public relations manager also plays a vital role. The public relations manager works with the product manager to develop and maintain a favorable image for the company. Writing press releases and sponsoring corporate events can highly influence how the public feels about the company. This in turn affects how the customer will choose to spend their money. If the public does not feel good about a brand, the customer will not spend their money on the product. Many of the events and written publications about the company are created to gain attention from the public without having to advertise directly.

The work environment for a product manager can be stressful. Changing priorities and tight deadlines can create stressful circumstances. A great deal of travel may be required to meet with clients and others within the corporate marketing industry. A product manager rarely works a traditional schedule. Long hours and weekend work frequently become necessary. The majority of product managers work in excess of 40 hours per week.
Product Management Training and Education Requirements

There are many ways to gain entry into a product management career. Some start out in lower level positions, and these people work their way up into the product management position. However, employers do seem to prefer those that have a bachelor’s or master’s degree in business. A concentration or minor in marketing is highly desirable. Coursework in law, accounting, finance, and management are included in the basic curriculum of business studies. Obtaining an internship in college or after graduation can positively impact a person’s career. Solid computer skills are critical in this position. It is important to have great oral and written skills as a product manager. The ability to interact well with people is another important skill in this profession.

It is predicted that many professionals in this field will retire in the next decade. There will be vacancies for top candidates. Pursuing a degree, certification, and experience in the field will lead to more job opportunities. This field is competitive, and the top candidates will secure the jobs.
Product Management Salary and Wages

Salaries in product management positions are lucrative. HR professionals conducted a survey that revealed that the median salary in 2008 for these professionals was approximately $80,000 per year. Many make over $100,000 per year. The actual salary amount tends to vary considerably by industry, geographic region, and years of experience.
Product Management Certifications

Product management is a competitive career, and those that want to be able to compete should attain certification. There are many certifications that are management based. The Public Relations Society of America issues certification to professionals based on experience and a successful completion of the exam. There are several different certifications that demonstrate competency in product management, public relations, and marketing. Most of these certifications can be achieved after completing a certain number of years on the job.
Product Management Professional Associations

American Association of Advertising Agencies is one association that is a meeting place for professionals in the industry. This organization provides a voice for the product management community. Professionals can come and learn new techniques and methods. Product managers and others in the industry can also network and develop lasting relationships with others in the profession. These relationships can become highly beneficial in the future.

Operations Manager Job Description & Career Opportunities

Every company needs someone to manage their day-to-day operations. To ensure the company is constantly mitigating its cost structure, the operations manager is relied upon to manage a company’s fixed and variable costs. Whether it’s aligning company wide goals and objectives to internal resources, eliminating redundant work processes and procedures, streamlining reporting structures, reviewing departmental and program budgets, or even just enacting plans to reduce overall business costs, there seems to be no end to an operation manager’s responsibilities.

Most operations manager jobs require a college degree in operations management, logistics, or a related field. Check out the programs below which offer free information:

    Associate of Science in Logistics & Distribution Management by Sullivan University
    Bachelor of Science in Operations Management by University of Phoenix
    MBA – Operations Management by The University of Scranton

This position requires someone with the ability to multi-task, lead multiple cross-functional project teams, all the while controlling costs and improving service. It’s a tall order and with it comes a lot of responsibilities. However, because operation managers are strong leaders and have a long list of responsibilities, they are often well compensated. In addition, they enjoy a position not typically afforded to other employees. They are able to parlay their experiences across multiple spectrums and use them to further their careers. As such, they have solid career advancement opportunities within organizations and can make both upward and lateral movements.
Operations Manager Job Responsibilities

Operations managers are most often called upon to improve operational effectiveness by streamlining business work processes, procedures and improving information transfer between internal departments. They are active participants in helping internal departments work more efficiently. They help to facilitate company wide goals by taking part in strategic planning initiatives and aligning strategies with internal resources. They play a pivotal role in cost based management practices and take an active role in the financial management of the company by overseeing and developing annual budgets in conjunction with department heads. They often work side by side with finance to ensure that budgets are maintained and adhered to.

Operations managers are tasked with being the ultimate liaison between internal departments. They must provide a working environment that allows all employees to reach their full potential. As such, they are often involved in conflict resolution between employees and between internal departments. They must also take part in hiring new employees and providing them with a clear and concise career path within the organization. A large part of their responsibilities includes inventory & supply chain management, as well as managing a company’s logistics requirements. It’s this last portion of their job that is often viewed as the most important. The ability to reduce production costs while lowering the cost of inventory, all the while delivering the product to customers in a cost efficient manner, can be viewed as their greatest contribution.
Operations Manager Training and Education Requirements

Because so much of an operation manager’s responsibilities encompass a wide variety of business functions, their education and training requirements have become more specialized over time. Initially a bachelor’s degree in business administration or accounting was all that was required. However, over time and in response to the position’s special requirements, degrees are now specifically designed for operations management. Courses cover human resources, management, accounting & finance, inventory management, as well as logistics and supply chain management. These courses are intended to give the applicant the full range of education needed to excel at the position. For those interested in furthering their education, Universities are now offering MBA’s (Master in Business Administration) in Operations Management.
Operations Manager Salary and Wages

Operations managers are well compensated for their work. Since so much of their responsibilities encompass managing the company’s entire internal structure, they are among the highest paid employees within companies. The position also affords them an opportunity to advance to higher level positions and helps to facilitate lateral movements within organizations.

According to the U.S. Bureau of Labor Statistics, approximately 50% of operations managers earn an average salary of $44.55 an hour or $92,650.00 a year. The top 75% earn $66.81 an hour or $138,000.00 a year. However, in the biggest companies, where operation managers oversee a corporation’s entire operations in multiple countries and locations, it’s not uncommon for them to earn well over $250,000.00 annually.
Operations Manager Certifications

The most common certifications for operations managers include CPIM (Certified in Production and Inventory Management), CIRM (Certified in Integrated Resource Management) as well as CFPIM (Certified Fellow in Production and Inventory Management). Each of these certifications include courses that help to improve a manager’s abilities to reduce inventory costs, improve logistics, better manage production and streamline a company’s supply chain. They provide the tools managers need to improve inventory forecasting, budgeting, increase inventory turnover rates, as well as provide the training needed to reduce business operating expenses. Most importantly, these certifications are internationally recognized among employers as the most intense training courses available in operations management.
Operations Manager Professional Associations

The most recognized professional association for this position is APICS, which
is simply the American Productivity and Inventory Control Society. It has become more commonly referred to as simply “The Association for Operations Management”. Members enjoy newsletters and up to date information on new and improved training manuals and books. They are also able to purchase these manuals at reduced prices. In fact, APICS provides the testing and certification for CPIM, CIRM, CRPIM and many other certifications for operations managers.

Ombudsman Job Description & Career Opportunities

Whether it is in a university, the government or a medical facility, an ombudsman can be found. The candidate is entrusted with highly confidential information about the organization and its constituents. There is a high degree of integrity, communication skills, gathering and analysis of information, resolving conflicts, and good decision-making.

The ombudsman mediates between two parties and serves as an intermediary. Listening to complaints, participating in the investigation and resolution of the complaints, constituent education about their rights, providing consultation in a confidential manner, and recommending strategies to resolve conflicts are the ombudsman’s duties. The ombudsman has a high-profile role in the organization being served.

By Appointment or Election

The organization appoints the ombudsman to represent public interest. The constituency elects the ombudsman at times. For this prestigious position, the ombudsman is the national human rights institution. In government, the ombudsman protects the people against illegal government activity. On the ombudsman’s part, legal proceedings are not initiated. In a private company, the ombudsman has a special role without being involved in management decisions.

Direct reporting is done to the Chief Executive Officer or Board of Directors. The ombudsman exercises the appropriate dispute resolution sensibility that includes a broad range of processes. For this role, the ombudsman also becomes knowledgeable of the new issues being experienced in the company that need resolution.

Outside the United States

An ombudsman can function differently in every country. In the United Kingdom, this role is synonymous to that of the Westminster Parliament, Scottish Parliament, Northern Ireland Assembly, and the Welsh Assembly. A Member of Parliament mentions the complaint to the ombudsman. A so-called mal-administration has occurred and needs to be investigated. China has the equivalent of the ombudsman in the role of the Control Yuan. Norway lets the Ombudsman be strict in enforcing the Norwegian Gender Equality Act and Discrimination Act. Norway has an ombudsman for children that improves legislation that concerns the welfare of children.

Canada has several provincial ombudsmen who seek to protect the interests of the public. There is no national ombudsman to entertain public complaints about the government. There is an ombudsman in every department of the federal government. The citizens are represented in this prestigious position. In the European Union, the Ombudsman is attentive to the corporate claims of bad administration in Europe. The Commissioner for Administrative Complaints in Hong Kong does the work of an ombudsman. In Australia, the commonwealth ombudsman is responsible for receiving complaints from individual citizens about government decisions.

Estonia has the Chancellor of Justice who functions as its ombudsman. The Estonian ombudsman is expected to protect individual rights. Good governance needs to be achieved in the government. Without it, the ombudsman is in trouble. The parliament appoints the Estonian ombudsman. It seeks to guard the Constitution of Estonia and the individual rights of the citizens. When the Supreme Court conducts proceedings, this powerful position can submit its opinion. The Estonian ombudsman can initiate proceedings related to discrimination. The powers of the executive and legislative branches of government are reviewed. These have to conform to the Constitution. 

Non-Profit Marketing Job Description & Career Opportunities

Individuals who enter the non-profit world are charged with the responsibility of ensuring that advocacy and charitable contributions are collected for those who are less fortunate. These individuals are not only advocates, but they are also skilled in writing grants and organizing charitable functions. Individuals employed in this profession should have tremendous fundraising skills.
Job Responsibilities

Most organizations need individuals who can continually encourage financial contributors to give. Philanthropy can take place in a number of organizations. Some popular non-profits include homeless shelters, educational enhancements for the less privileged, abused and battered women or children, under-represented minorities, and advocates for the environment. Those who work for non-profits and other philanthropic organizations should have skills that enable them to interact in business, politics, labor organizations, and other civic and social organizations. Each of these contacts will be essential in accomplishing their jobs within a non-profit organization.

These individuals should also promote human rights of all individuals regardless of race, creed, religion, color, disability or gender. Most non-profit marketers will be instrumental in the fundraising activities. Therefore, they should understand people, their motivations for giving, be outgoing, and personable. Individuals employed in non-profits may work in public relations, fundraising, canvassing or as community managers. Each of these individuals may have a role in marketing for a non-profit organization.

Public relations is an instrumental part of marketing that allows the community to become aware of non-profits and the work they perform in the community. These individuals interact with the local media, contribute to political campaigns, represent the non-profit for special interest groups, and they may be involved in conflict mediation. Public relations marketers often play an instrumental role in fundraising at some point during their development. These professionals will be involved in gift requests from individual donors, apply for grants, host special events, and launch phone and letter appeals.
Training and Education Requirements

Non-profit employees should be skilled in a number of areas. Many non-profit workers come from a variety of backgrounds. Individuals in non-profit marketing should understand how to promote a non-profit organization in such a way that encourages individuals to give and participate. Therefore, marketers should be trained in communication, fundraising, and sales of an organization’s mission. Non-profit marketers should understand all aspects of marketing, including the use of information technology in marketing endeavors.
In a student’s studies they should learn about pay-per-click campaigns, search engine optimization, email marketing campaigns, use of social networking media, basic marketing strategies, and a host of other skills. Therefore, technical skills will be required in order to effectively complete the job. Other skills may include accounting, management, information systems, finance, and in some instance a second language. Most marketers will be required to have at least a bachelor in marketing or in a public relations field. A public relations degree teaches individuals to promote and represent a company. Individuals who have an understanding of human psychology may also develop good marketing campaigns. Most companies require a strong understanding of internet marketing skills.

For advancement, non-profit marketers should possess an advanced degree in marketing with a specialization in social services, public relations, or some other field that will prepare marketers for marketing to individuals for fundraising. Individuals who pursue a marketing degree can expect to take classes in business law, economics, mathematics, management, accounting and statistics. Students may also study marketing, market research, consumer behavior, sales, communication methods and technology, photography, visual arts and art history. Individuals with a focus in public relations will take political science, advertising, creative writing, technical writing, public speaking and public affairs.
Salary and Wages

Individuals who are employed in a public relations type of marketing position may make between $50,000 and $57,000 per year. Marketing managers may make more. Some managers in upper level positions could earn more than $90,000 annually. Salaries will vary significantly by the candidate’s experience and the budget of the non-profit organization. Organizations with smaller budgets will pay significantly less. However, working for a non-profit does not automatically equal low salary. Some non-profit executives make considerably high salaries for providing a service to humanity.
Certifications

Candidates who have at least 5 years of full time work experience in public relations may take an examination to earn an Accreditation in Public Relations. These individuals must provide a written review and a portfolio review. Candidates may also receive an accreditation from the International Association of Business Communicators (IABC). Candidates who successfully complete the accreditation will earn an Accredited Business Communicator (ABC) title. This also requires that the candidate have at least 5 years of experience, pass a written exam and pass an oral examination. The candidate must also pass a bachelor’s degree. Most employers look favorably on these certifications. Earning certifications may result in promotions and higher salaries.
Professional Associations

Marketers can enjoy the benefits of many professional associations. These associations are used for networking purposes, fundraising purposes and others. Though these are not the only organizations that are available to non-profits or marketers, this is one organization that will help non-profit marketers with ideas to promote their organization. The Public Relations Student Society of America provides a forum for marketers that is not expressly affiliated with non-profit organizations.

New Product Planning Job Description & Career Opportunities

Why is new product development such an important part of business success? More importantly, who do companies rely upon to make it happen? Well, successful product introductions allow businesses to capture market share and grow sales. When companies look to have a successful product introduction, they turn to the expertise of the “Product Planner”. Successful product planners must be able to multi-task, have the intestinal fortitude to ride the ups and downs of both success and failure and constantly be cognizant of the company’s ultimate goal of a successful product launch.

Essential to success is the ability to conceptualize ideas and have the follow through capabilities to seem them mature. There are always setbacks, but the best planners never allow those setbacks to impede their product’s commercialization. In today’s business environment, a successful product introduction is essential to increasing a company’s market share and growing its sales. It’s this process that allows companies to increase profit and reinvest in new product development. New products mean more sales, happier customers and more growth. It’s a continuous feedback loop and its success relies upon the expertise and abilities of product planners and managers who are able to identify and capitalize on opportunities. A company’s future growth relies upon the product planner’s abilities to control costs, increase gross profit, drive business development and constantly improve new product introductions.
Product Planner Job Responsibilities

Product planners spend a large amount of time and their company’s money on market research. This is done to make sure the product’s application is both timely and needed by the market’s customers. In this sense, the best planners don’t concern themselves with being market followers or leaders, but must first concentrate their efforts on being market experts. Understanding the market is essential to determining whether the product’s introduction will be a successful one and when that introduction should occur. Timing is everything for the product planner!

Product planners must also be product life-cycle experts and understand the four stages of a product’s useful life within the market to which it’s sold. A successful product planner manages the product’s success through these four stages and maximizes growth and gross profit at each stage. There’s the introduction stage, the growth stage, the maturity stage and the decline stage. Each of these stages requires an in-depth understanding of the various costs, market approaches and pricing strategies to maximize profit and increase or maintain market share.
They must also be product lifecycle experts and manage the products life within the company itself, from inception and design to prototype and full scale manufacturing. They must be able to manage all aspects of the design and engineering phase, constantly mitigating delays on testing and approvals, all the while keeping a watchful eye on product development costs and timelines to market introduction. They must be able to properly manage the product’s growth through these phases until the initial market introduction and eventual commercialization. In essence, product planners are responsible for the entire product introduction process and are often seen as the pivotal players in new business development.
Product Planner Training and Education Requirements

Most product planners need only a bachelor’s degree in business administration to get started. These degrees provide the essential foundation needed to understand market influencers, the essence of advertising as well as the importance of accounting and business cost management in managing budgets. However, a number of universities and business schools are now offering “Executive Education” in product management or MBA’s in product management. A higher education allows product planners to assume higher positions and helps to improve their career advancement opportunities.
Product Planner Salary and Wages

Because the product planner is responsible for so much of a new product’s success, they often garner a considerable compensation package. According to the U.S. Bureau of Labor Statistics, 50% of the product planners earn between $64,390.00 and $108,710.00 annually. The top 90% earn over $140,000.00 annually. Compensation packages typically include a base salary, as well as a bonus and incentive structure relative to the product’s success. They may also include a percentage of the profit derived by the product’s sales.
Product Planner Certifications

There are several certifications for product planners. In some cases the bachelor’s degree offered by many universities often specifies a concentration in product management and planning. In addition, MBA’s now specialize in product management. However, additional product planning certifications include a certification as a CPM (Certified Product Manager), a CPMM (Certified Product Marketing Manager) as well as an ACPM (Agile Certified Product Manager). Each of these certifications include in-depth studies and exams on business case studies, market research & risk assessment, competitive analysis as well as stage gate management processes relative to the product’s development phase.
Product Planner Professional Associations

Perhaps the most recognized product planner association is the AIPMM (Association of International Product Marketing and Management) as well as the PDMA (Product Development and Management Association). Both of these associations provide their members insight into industry trends, employer requirements and courses on upgrading one’s skill set. These associations provide intensive coverage on all aspects of product planning and management. They offer courses, books, information on conferences and an opportunity to chart one’s career development.

Mortgage Banker Job Description & Career Opportunities

If you wish to be a part of the banking industry, or if you have exceptional skills in accounting and sales, you might be interested in the position of mortgage banker.

A mortgage banker assists the customers in the process of home ownership. It is very different from a mortgage broker. The mortgage banker is the primary contact of a customer from application through closing. He helps attract new customers for the bank he is working for, as well as help them navigate various mortgage products.
Duties and Responsibilities

Mortgage bankers do several responsibilities according to the bank they’re working for. They may have a wide range of duties. Generally, a mortgage banker can be considered a loan officer with a bank. He specializes in mortgage products and conduct business in compliance with all state and federal regulations. He works with a certain product of an organization which he is required to have in-depth knowledge of.

It is a part of a mortgage banker’s duty to attract new customers for his organization through attending realty meetings and home buyer seminars. Mortgage bankers assist customers in determining the best type of mortgage for their needs as well as which one is most likely to be approved.

He also negotiates with the customer regarding the terms and conditions. The mortgage banker collects all required credit reports and financial information for all loan applications. He submits finished loan packages to underwriters to review.

The mortgage banker makes sure that approved customers receive good service. He ensures that all requirements are met and providing overall satisfaction to the customers and the bank.
Education and Skills

This job position requires a bachelor’s degree in finance, accounting, sales, or an MBA from a leading business school. Most employers require at least three years of experience in related work as well as a track record of closing sales.

Mortgage bankers are highly competitive so it is a requirement for candidates to have excellent interpersonal and communications skills. He must be able to speak confidently in front of groups. He must be able to work with a team and is a natural born team player. Most importantly, he must enjoy helping and assisting people.

Mortgage bankers should be good with numbers and have exceptional analytical skills. They should have in-depth knowledge of the products they are offering. Skills in computers and data entry are definitely needed.

To be successful in this career, aspiring mortgage bankers should be very motivated. He should have initiative and enjoy working independently without hesitation. He should have the drive to learn.
Work Conditions and Salary

Generally, mortgage bankers work within bank hours. However, they are expected to work overtime depending on the client’s requirements. Mortgage bankers have an office but can travel to attract clients.

The salary of a mortgage banker includes paid training, basic pay, and a commission. According to the Bureau of Labor statistics for 2009, the average annual income of all loan officers is $55,000. Compensation may also include a 401k plan, health insurance, and paid vacation, sick days and holidays.

Money Management Job Description & Career Opportunities

Money Managers may be referred to as financial managers, controllers, treasurers, cash and credit managers, risk managers, and international banking managers. The money managers’ duties within these roles are varied.

As a financial manager, Money Managers prepare financial reports. They also develop strategies to manage cash flow. They sustain programs for long-term growth.

Nearly all money managers hold a degree in finance or a related field. Check out the programs below which offer free information:

    Associate of Applied Science – Business Finance by Harrison College
    Bachelor of Science in Business / Finance by University of Phoenix
    Bachelor of Business Administration – Finance by South University

As a controller, Money Managers also prepare financial reports to include the income and cash flow statements. They prepare expense reports and summaries of the company’s position financially. They typically supervise the accounting and budget departments. They work closely with regulatory bodies to ensure compliance with banking and money management policy and laws.

As a treasurer, Money Managers invest institutional funds and evaluate corporate risk and cash flow. They raise capital and manage corporate mergers.

As a credit manager, Money Managers issue credit and monitor collections policy and activities. As a cash manager, Money Managers monitor cash disbursements and gross receipts. They establish loan policy and determine the viability of cash surplus.

As a risk manager, Money Managers oversee insurance transactions. They evaluate and project corporate loss. They purchase corporate insurance. They hedge risk.

Money Managers specializing in international banking are responsible for international banking transactions.

Money Managers also oversee other types of financial instruments such as mortgages, investments, and trusts. They manage personnel. They solicit and advertise for business. They develop policies related to lending. They typically work for banks and other financial institutions. They may also work for the federal government in budget development departments.

Technology has made it much easier for Money Managers to work in the field, prepare financial reports, and minimize risk through projected financial summaries. The need for Money Managers is expected to grow rapidly. Those holding a master’s degree and one of more forms of certification designations can expect to find the best opportunities for employment and fully enjoy all that the field has to offer.
Money Management Job Responsibilities

Money Managers typically work with executive-level staff. They work over forty hours of week. They frequently travel to affiliate companies. They work closely with clients of the financial institutions.
Money Management Training and Education Requirements

Money Managers must have a bachelor’s degree in math-related major such as finance or business, with supplemental coursework in economics. Most employers prefer a master’s degree. Money Managers must have a strong aptitude for business math, be analytical, and understand financial methods and terminology. Money Managers that work in accounting must be licensed as a Certified Public Accountant (CPA). Money Managers must be interpersonal and be able to manage people, communicate well, explain financial concepts, and understand the broad arena of business. Money Managers can certify their knowledge in the field.
Money Management Salary and Wages

According to the Bureau of Labor Statistics, the median annual wage for Money Managers was $99,330 in May 2008, with the highest ten percent earning $135,070. Money Managers who worked in the securities industry earned $130 less than the highest ten percent in May 2008. Money Managers who worked for management companies earned $115,520, that’s $4,770 less than Money Managers who worked in the insurance industry. Money Managers who worked for the federal government earned $78,650, slightly more than those who worked for depository institutions ($77,280). On average, Money Managers who work for large organizations often earn more in salary compensation than those who work for the smaller companies.
Money Management Certifications

Money Managers, with the exception of those working in accounting, are not required to be certified in their field, but may pursue certification as part of their professional development.

Money Managers may pursue the Chartered Financial Analyst certification through the CFA Institute. To receive the designation, Money Managers must have a bachelor’s degree in the field, have suitable work experience, and sit for three exams.

Money Managers may complete the Certified Treasury Professional program offered by The Association for Financial Professional (AFP). The certification is conferred once Money Managers pass an exam. They must also have two years of industry experience. They must agree to enroll in continuing education coursework for professional development to keep the credential.

Money Managers may complete the Certified Management Accountant (CMA) program. The Institute of Management Accountants (IMA) confers this designation. Most Money Managers who work in accounting, who have a bachelor’s degree in the field, and who have two years of experience may sit for the examination. Money Managers must agree to continue their education beyond the certification to keep the designation.
Money Managers Professional Associations

Money Managers may join the Institute of Management Accountants (IMA). IMA provides advocacy services to its members. It offers licensing opportunities, namely the designation of Certified Management Accountant. It advocates for roughly 60,000 member professionals, from those who serve in the academic community to those who serve the business communities.

Membership benefits include programs to increase professional development, seminars on the web, conference and network opportunities, and quarterly and educational journal publications.

IMA also provides its members with career services and an online job resource.

IMA offers the following types of membership opportunities:

    Professional Members
    Young Professional Members
    Student Members
    Academic Members

Professional Members may join for $195. Professional Members are typically Money Managers who work as accountants. Young Professional Members who are eighteen to thirty-three may join IMA for $130. This rate is discounted for members who are just entering the field. Student Members may join IMA for $39. They have roughly the same benefits as Professional Members. Academic Members may join for $98. They would have access to IMA’s training curriculum. All members have access to the CMA handbook that includes exam information.

Marketing Product Manager Job Description & Career Opportunities

Product managers are expected to be extraordinarily sharp and productive. In a corporation, the design and manufacture of products is a crucial part of the organization. No profit is possible when the design and management of products is non-existent or even delayed.

The position of product manager is a huge responsibility and the demand of having a superb one in a company is always increasing as our community becomes more inclined to trade and business deals. A product manager job description is almost specific and extensive. Some of the most valuable traits and qualities of a person who is fit to be a product manager are as follows.

Be able to define sale strategies of the product – Having someone who knows the product “in and out” will surely be an advantage to the company. A person, who has been involved with the product for some time is the most likely to qualify for this. This is the reason why most product managers came from promotions of assistant managers from within the company itself.

Be able to work with other people in assembling partnerships for internal and external sales –  The foremost goal of a good project manager is to be able to sell its products. With good social and business skills, it is a plus into fitting a project manage job description.

Be an expert in challenging and staying competitive with other product contenders – Having a keen eye out for competitors is a big responsibility. Most of the time, the value of the product gets more or less marketable because of the state and quality of other like products from the competition.

Leadership and people-building skills – A manager manages and for someone who has a team or a group is expected to set the core example. Without proper direction and motivation, a team will not work well and this will lead to lower output, or worse – product failure.

A product manager job description also includes certain educational and career achievements such as:

    A minimum of number of years of experience in being a Product Manager or working closely with one as an assistant or other similar position.
    Has extensive background of success in defining and debuting first-rate and competitive products. An updated portfolio must be submitted for reference.
    A minimum number of years of experience in a job in the product’s market or with a similar type of product.
    Preferably, a Master’s Degree in Business (a Bachelor’s Degree in Business or Management is acceptable.)
    Excellent verbal and communication skills in English and in the native language of the product’s home nation.
    Must be able and willing to travel in short and long distances (several days at a time, depending on the job’s requirement) for a percentage rate specified by the company.
    Both first level and technical knowledge of the product for troubleshooting and product improvement.

Marketing Director Job Description & Career Opportunities

Marketing directors are in charge of a company’s marketing efforts and strategies. The job’s focus may largely be concerned with market segments, overall groups of consumers who are defined by a common interest, income, age, ethnicity, or other factors. Marketing directors ultimately seek to discover which of those market segments would buy their organization’s products or services and how to best present those products and services to the selected target market.

Most marketing director postions require a degree in marketing or a related field. These credentials can greatly enhance a marketer’s career prospects and lead to a higher starting salary and great employment opportunities. Check out the programs below which offer free information to prospective students:

    Associate – Marketing and Sales by Rasmussen College
    B.S. in Business Administration – Marketing by Kaplan University
    Bachelor of Science in Business / Marketing by University of Phoenix

Marketing Director Job Responsibilities

Marketing directors promote the company’s products and services by working closely with advertising and other marketing managers who report directly to them. Others who may report to the marketing director are market research managers and product development managers. Overall, the marketing director is responsible for estimating the demand for the corporation’s products and services and discovering new market segments that would be interested in buying from the company. The job may also include the need to develop a strategy for product pricing based on the market demand and similar products offered by competitors. They keep an eye on trends that indicate a need for emerging products and services and oversee new product development.

This position typically works in close proximity to other directors and top-level executives. There also tends to be a lot of pressure to meet deadlines and goals, so marketing directors are often required to work long hours. More than 80% of marketing directors report working more than 40 hours a week. Considerable travel may be necessary in order to attend meetings with others in the field or to conduct research into emerging market trends.
Marketing Director Training and Education Requirements

Due to the level of prestige, pay, and responsibility, there tends to be considerable competition for these highly sought-after jobs. Most positions require a marketing or business-related degree. At minimum, a bachelor’s degree is required. However, most positions are awarded to those with a master’s degree or higher. Due to the high visibility and importance of this position, marketing directors are often strong candidates for higher executive positions.

The formal education required may vary based on the industry of the company. Most employers require a bachelor’s or master’s degree. Although degrees in business are common, other courses of study may include finance, accounting, economics, business law, management, statistics, and mathematics. In technology-related industries, like electronics manufacturing, it is common to find marketing directors with an undergraduate degree in engineering combined with a master’s in business administration.
Most marketing director positions are hired from within the company via promotions of those with a competitive level of experience and performance. Due to the marketing director’s and other marketing manager’s level of responsibility, advancement is typically strong with a record of performance and familiarity with the company’s business practices and goals.

Computer skills are often required in order to oversee record-keeping, statistical analysis, and data management. Familiarity with the internet is becoming more important because more promotions and advertising are beginning to take use of the emerging medium. Communication skills are also a vital element to success. The ability to persuade others is central to the position’s nature, both inside and outside the company.
Marketing Director Salary and Wages

The salaries for marketing directors can vary widely. Some may make upper six-figure salaries with extensive corporate benefits packages. However, the median salary for the position is just over $138,000 a year. Industries in technology sectors, such as computer systems and manufacturing, tend to earn slightly higher salaries than other industries due to the level of knowledge required and a smaller supply of qualified applicants. Benefits packages include health insurance, paid vacations, retirement plans, and may include corporate perks such as expense accounts and use of company vehicles.

Although marketing directors are often significantly rewarded with bonuses based on the sales growth of the company, it can also work the other way. Because marketing directors are responsible for sales growth and there can be an unpredictable impact from new marketing efforts, marketing directors must deal with the reality that a lack of financial results may lead to a short tenure in the position.
Marketing Director Certifications

These high profile positions don’t have one specific program of certification. However, certification in industry-related skills may be a competitive advantage for applicants, especially those industries in technology. The level of those seeking certification is projected to increase. Advancement can also be accelerated via management training programs offered by larger corporations. Other companies may provide employees with opportunities and reimbursement for continuing education, in-house or at nearby colleges and universities. They may also encourage attendance in seminars and conferences held by professional societies.
Marketing Director Professional Associations

The American Marketing Association (AMA) is a general marketing organization. There are numerous associations that specialize in particular areas of marketing. The Direct Marketing Association (DMA) specializes in marketing that can directly measure consumer response. The Business Marketing Association (BMA) has a focus on businesses that market to other businesses. Other associations include the Word of Mouth Marketing Association (WOMMA), the Internet Marketing Association (IMA), and the Promotion Marketing Association (PMA). In general, the trend in marketing tends to revolve around joining associations with a particular specialty.

Marketing Coordinator Job Description & Career Opportunities

Huge companies need a marketing coordinator to assist the marketing team in delivering information to potential clients in behalf of the marketing department. Products and services can always change in a company. For this reason, the marketing coordinator is aware of all the improvements going on in the company in terms of the products and services. The marketing team can be educated about how to entertain potential buyers for the products. The marketing coordinator needs to be adept with business knowledge and procedures. Good communication skills with the marketing team and potential buyers are important to encourage sales of the products and services.
Job Responsibilities and Duties

In the business world where the marketing coordinator is found, product development, collateral development, analysis of customer satisfaction, service programs, and sales programs are always done. The satisfaction of the client with the product is the most important aspect of the work. Multi-tasking is also vital as the marketing coordinator’s work is very competitive and challenging.

Being talented in encouraging a potential buyer to keep on coming back to see what new products and services the company has will bring increased revenue. The marketing coordinator has to know what features of the product attract potential buyers. In this manner, the focus is on the strengths of the product.
Communication

Since communicating with potential clients is the main facet of a marketing coordinator’s work, the candidate must have the strong ability to listen to what the customer wants in a product. The communication lines must be open between the marketing coordinator and the potential buyer. A great deal of patience is beneficial for the marketing coordinator especially when the potential buyer has plenty of inquiries about the products and services. Being able to communicate effectively with the potential buyer to make a sale is a strong competent skill of a marketing coordinator.
Qualifications

To be considered as a marketing coordinator, a candidate with a university degree in marketing has high potential. With good presentation skills to attract the potential buyer, the marketing coordinator is up for a lucrative opportunity with the company. It is important to be knowledgeable of the products and services of the company that the marketing coordinator candidate wants to join. Since these products and services will be marketed to the target customers, a good knowledge of them in entertaining the potential buyer will be impressive. Implementing the methods of marketing and creating new tools for attracting potential buyers are needed.
Growth

Joining professional marketing associations to broaden the outlook of a marketing coordinator can be beneficial. Practicing the knowledge gained from the professional associations is more important to get the value of the money. To be considered as a marketing coordinator, adequate field experience in convincing potential buyers to get the product is vital. Know the products and services of the company well in facing the marketing department head. Maintain good relations with potential buyers who eventually become loyal patrons. Strategies to boost revenue are always in the hands of a marketing coordinator.

Marketing Assistant Job Description & Career Opportunities

A new product needs a marketing assistant to promote it in the newspaper, on the radio, on flyers, on brochures, and on television. Armed with a business administration or marketing university degree, the marketing assistant candidate has high potential of being accepted. The marketing assistant analyzes what strangers want in a product. Depending on the results, strategies to make it sell are created and implemented. A high talent for creativity in putting up marketing campaigns is crucial to attract potential buyers. Every company has varied duties for a marketing assistant. There is also common ground among all marketing assistants.
Job Responsibilities and Duties

A marketing assistant needs strong self-motivation in promoting a product. The marketing assistant socializes with advertising representatives for the commercials created for the product. The candidate is tasked to oversee the marketing campaign from start to end and make sure that it will be bought in the market. Being in-house, the marketing assistant belongs with a huge company. The marketing manager acts as the marketing assistant’s superior. On contract, the agency refers clients to the marketing assistant. In this manner, multiple clients are handled. A marketing assistant can be entrusted to talk to the media about a product. Creating press releases is also part of the marketing assistant’s responsibilities. Good communication skills for oral and written are important.
Marketing Strategies

Through the concepts of giveaways, games, and contests, the marketing assistant can encourage the public to buy the product. There are products that become more popular with the public. The marketing assistant builds on these products to let them maintain a good standing in the market. When the product is placed on the bestseller’s list, the marketing assistant’s efforts are recognized. Brochures, magazines, websites, and newsletters can also be the responsibility of the marketing assistant to make the presence of the product be felt to the public.
Characteristics

Since a marketing assistant can handle multiple clients simultaneously, the candidate needs to practice effective time management. Good communication with each client is also important. Noting down what the client wants to the last detail is good for the marketing assistant.

Good project management is needed for the marketing assistant to create lucrative results. When the marketing assistant is able to generate huge profit for the business through the marketing strategies implemented, the candidate serves as an asset. The efforts of the marketing assistant will be recognized in marketing awards. There are plenty of new products created for business profit. Improvements are continuously made to encourage consumption from the public.
Social Relations

The marketing assistant needs to be knowledgeable of marketing principles. New technologies for the product to be sold are also in the possession of the marketing assistant. In socializing with business representatives for the product, the marketing assistant practices effective business communication protocol and procedures. As a team player, the marketing assistant can maintain favorable relations with all levels of workers in the company. For the product being handled, the marketing assistant can entertain all inquiries about it. Effective presentation skills for marketing a product to clients are also good.

Market Research Job Description & Career Opportunities

Market research analysts assist companies in understanding the types of products that consumers want and determine who would purchase them and at what price. Job responsibilities include methods of marketing and distribution, sales, gathering statistical data for competitors, examining prices and analyzing data for prior sales in order to predict sales. Other responsibilities include devising procedures and methods for gathering the data needed by creating surveys for assessing consumer preferences. Many surveys are conducted via the Internet or the telephone. Other methods might include mail responses, focus group discussions or setting up booths for gathering responses in public places like shopping malls.
Market Research Job Responsibilities

Researchers may also gather information about consumers and their opinions while working for many different types of companies including government agencies, corporations and political candidates. Researchers may also conduct opinion research in order to determine the attitudes of the public on a variety of issues. The results of such research can help business or political leaders measure available public support for social policies and electoral prospects.

Market and survey researchers and analysts typically have very structured work schedules. It is not unusual to work alone while preparing statistical charts and writing reports. In some instances they may also work as part of a research team. Researchers who perform personal interviews frequently make contact with the public. They commonly work under pressure and must meet tight deadlines. This may involve overtime in order to meet deadlines. Travel is often necessary.

Market and survey analysts usually spend a significant amount of time performing very precise data analysis. Therefore, attention to detail is crucial. Persistence and patience are also important qualities. It is also important to be able to work well with others, especially the public. Communications skills are critical. Individuals interested in this type of career must be comfortable with working with others, including speaking with the public and conducting interviews and surveys; both in person and over the telephone.

The largest number of market research analysts is employed by technical, scientific and management consulting services. Others may be employed by computer systems design services, management companies and insurance carriers. The employment outlook for this career field is expected to grow faster than average for all other occupations. Job opportunities will be best for those with either a master’s degree or PhD. in marketing or in social science. Individuals with a background in social science or consumer behavior may be able to quality for positions that are less technical in nature.

Analysts and researchers may work a regular schedule; however, if they are employed within certain sectors such as the government or by political leaders they may need to meet tight deadlines. In that case overtime may be necessary.
Market Research Training and Education Requirements

A bachelor’s degree may be sufficient for market and survey research jobs at the entry-level. For advancement or positions that are more technical in nature higher degrees may be required. Keep current regarding the latest methods of conducting, developing and analyzing surveys are important to this type of work. Strong quantitative skills are also important in order to succeed within this career field.

Individuals interested in this type of work should complete courses in marketing, business and consumer behavior along with courses in economics, statistics, mathematics, survey design, sampling theory and computer science. It is also important for people interested in this career field to gain experience in gathering and analyzing data, conducting surveys or interviews and writing reports. This type of experience can be valuable in gaining a full time position in this career field.
Market Research Salary and Wages

In 2008 the median annual wages of research analysts were $61,070. Wages and salaries typically increase with experience and with advanced education and certification.
Market Research Certifications

Most market research analysts will begin their careers by helping others before they are assigned independent projects. Once they gain experience, advanced degrees and continuing education they may be able to advance to positions that are more responsible. Some research analysts with experience may opt to teach. A master’s degree is usually required to teach as an instructor in a junior or community college. Most colleges and universities require professors to have a Ph.D. as well as extensive academic journal publication experience in order to gain tenure and promotion. Others may advance to managerial or supervisory positions with experience and advanced education.

Certification can be helpful in advancing within this occupation. A certification program is offered through the Marketing Research Association for professional researchers. This certification is offered for two different levels of knowledge; expert and practitioner. Before gaining certification, candidates must meet certain criteria; typically experience and education. They must also have prior membership in a minimum of one professional marketing research organization. Individuals who have achieved the PRC designation must meet continuing education requirements within their specific discipline. They must also apply to renew their certification every two years. Continuing education requirements must be met in order to renew certification.
Market Research Professional Associations

Professional associations for market researchers include: