Assignment 1: Big10:3
Oftentimes, I find when working with students, that general knowledge of potential jobs, positions, careers and the detail of those potential opportunities is a great unknown. Over the years, as I have worked with and taught students how to find information about ‘jobs,’ students seem to be most excited when I show them the Bureau of Labor Statistics Occupational Outlook, a major source of job data in the United States.
Beyond the scope of a job ‘title,’ people generally do not understand or know what all is entailed with that job…what’s it going to be like, what does it pay, what are the requirements, how do I get it, etc. Further, when examining jobs within the financial services arena, what codes of ethics is one bound and how do those impact the positions from a day to day perspective. Additionally, if one can learn of what journals, professional and or trade magazines (I am not talking the Wall Street Journal here) accompany certain careers, one can enhance knowledge and even potentially benchmark best practices. This assignment serves to synthesize the information from the first three chapters in a way that is appropriate to the scope of financial services.
Please be thorough and complete in your responses, and make absolutely sure you put all writing ‘in your own words’ as your score will reflect the depth, level, and detail provided.
Writing guidelines: Your work will need to be typed via Microsoft Word, no more than 2000 words, 12-point font, double spaced, 1-inch margins. The work should clearly address the sections required below.
1.) After exploring the Bureau of Labor Statistics Occupational Outlook www.bls.gov examine 10 financial services jobs that look appealing. 1A.) List these 10 potential jobs, briefly discussing the following: position summary information (e.g., pay, education, work experience, on the job training, number of jobs, job outlook, employment change), what the position does, the work environment, how to become one, and similar occupations. 1B.) Narrow this list to your TOP 3…briefly discuss why you chose the 3 that you did.
I have listed 10 below from the site, and highlighted my top 3. Please use site above for answering what is needed in section 1.
2. Budget Analyst
3. Cost Estimator
4. Financial Analyst
5. Loan Officer
6. Personal Financial Advisor
7. Tax Examiners and Collector
8. Appraisers and Assessors of Real Estate
9. Claims Appraisers
2.) How does consultative selling Explore the Art of Consultative Selling potentially impact the 3 financial services jobs you chose? Discuss. 2A.) If your financial services position does not ‘seem’ to be impacted by consultative selling, be creative and propose ways based on your knowledge gained in 1A above of how YOU would possibly change that? Is there a benefit to this change? Discuss.
3.) What ethical codes / Codes of Ethics bind these careers of positions in your top 3?. List them. 3A.) What journals or professional / trade magazines accompany these careers? List them. If you can not find a potential journal and or professional / trade magazine, you have NOT looked hard enough…broaden your search! ( www.cfp.net , CFP Code of Ethics , www.fpanet.org , FPA Professional Member Code of Ethics , Journal of Financial Planning)
Journals or professional trade magazines.
Accountant – The Accounting Review
Financial Analyst – The Financial Analysts Journal is a publication circulated by the CFA Institute.
Personal Financial Advisor – Financial Advisor Magazine
4.) Using the provided Library Online, find one article from the journal/magazine/trade publication you listed above relating to 1 of your top 3 chosen financial services position. 4A.) Properly CITE the article (more information on APA citations are also given on the WTAMU Library Website…look it up if you are not familiar with ‘how’ to source via APA style–it’s pretty easy). 4B.) Provide a written summary of the article–do not copy and paste an abstract…put this in your own words.
Accountant – The Accounting Review I am attaching a few different articles from the online library. Please choose 1. “Rules-Based Accounting Standards and Litigation,” “Accounting in 2036: A learned Profession Part iii,” “Has the quality of accounting education declined?”
Article 1 “Accounting in 2036 A learned Profession Part iii”
Article 2 “Rules Based Accounting Standards and Litigation”
Section 5 (Summary):
5.) Write a conclusion summarizing what you have done in this assignment–be thorough and detailed…what were the major ‘take-aways,’ and or ‘a-ha’ moments you experienced during this exploratory assignment.
Exemplary Work shall exhibit the following: (1) Responds fully to what the assignment asks–A) Demonstrates ability to describe the ethical issue in detail and ascertains exactly what must be decided; B) Demonstrates ability to compare and contrast multiple ethical frameworks in describing the legitimate rights and responsibilities of multiple stakeholders within business activities; C) Formulates an appropriate plan of action reflecting the benefits and risks of action and fully integrates multiple stakeholder considerations in the analysis; (2) Presents a manifest topic statement containing the issue to be analyzed and the position to be taken; (3) Exercises good critical thinking that is clear, logical (coherent & relevant), deep, broad, and discriminating; (4) Expresses its purpose clearly and persuasively; (5) Invokes and uses disciplinary facts correctly; (6) Provides adequate supporting arguments with reasons, evidence, and examples; (7) Is focused, well organized, and unified; (8) Uses direct language that is appropriate for the audience; (9) Invokes discerning sources when appropriate; (10) Correctly documents and cites sources via APA standards; (11) Is free of errors in grammar, punctuation, word choice, spelling, and format; and (12) Displays originality and creativity in realizing items (1) through (9) above.