Financial Services Careers And Maslow’s Hierarchy Of Needs

Financial services careers offer some of the most exciting career opportunities for ambitious and innovative people. According the principles set forth in Maslow’s hierarchy of needs, the need for safety is at the foundation.

The role of financial services professionals is by definition to help others deal with the fundamental question, “what will I do if/when” something happens to me, my family, or my business? No other type of career can have as direct an impact on the satisfaction of these all important and often unavoidable aspects of life.

Maslow’s hierarchy of needs illustrates that the top of an individual’s pyramid of needs is self-actualization, being all they can be and more. Helping others, doing good for them and their families, and making money at the same time is considered by some as the very zenith of the pyramid.

Not only do they provide seemingly limitless chances for upward mobility, leading to executive-level positions, but they also offer a competitive compensation structure that proves to outdo many other work fields.

Advancement opportunities that come with these kinds of careers are often most attractive to people who are ambitious, because upward mobility is not based on seniority, but an employee’s individual level of performance.

These sorts of jobs allow many chances for high performing employees that want to move up through a company. And they can also be very pleasing to those that are just beginning in the company.

The structure of many financial firms allows for a fluid movement of ideas and commands between senior management and lower-level employees. In this sense, financial services industry jobs can be satisfying because all employees are able to build an identity within the company, one that is recognized and rewarded by upper-level management.

For potential employees that are looking for a fast-paced work environment, careers in the financial services fields can be the right way to go. While employees are required to think quickly and act even quicker, these types of jobs can be exciting and fast-paced career path.

Though these jobs require a great deal of dedication and focus while on the job, often relying on independent initiative and innovation, the level of rewards are commensurate with the amount of work put into the job.

There are a number of sub-sector fields in financial services careers, including, but not limited to–investment management, securities brokerage, and investment banking. So, there are many opportunities in financial services careers for those that are willing and ready to put in the work and start moving up the management ladder.

Specialization In Finance Is Most Desired Amongst Mba Students!

Specialization in MBA-finance is perhaps the most desired and sought after finance courses in India. More and more aspiring MBA students opt for courses in finance as their first choice. But why choose MBA finance over other fields in business administration? The answer is very simple! The changes in the Indian economic scenario and a rise in the financial sector combined with lucrative opportunities have made finance one of the favourite choices amongst students.

Moreover cutting edge technologies, advanced business strategies and the need to always stay ahead of your competitors have increased the want for business houses to take accurate financial decisions. And with a degree in finance, individuals can help various organizations take important and valuable financial decisions according to market trends. Also, with MBA finance programs, individuals get the chance to enhance their knowledge on financial topics and also increase their chances of better career opportunities.

The demand for finance professionals is not only apparent in India but also in the international market as well. There are various reputed MBA colleges and business schools that offer courses in finance to help students learn the methodology and strategies of the finance and banking sector. Most of these institutes offer a curriculum that focuses primarily on the recent business trends, banking strategies, financial instruments etc and includes extensive practical classes, assignments, case studies and workshops.

Choosing a renowned MBA institute is very important that offers the requisite knowledge and helps students to face the competitive industry with full confidence. Numerous students, on successful completion of these courses have received lucrative offers and joined Indian as well as top international companies. Different courses of finance can help students to land up in the sectors of corporate finance, risk management, insurance sector, Insurance manager etc. The demand for qualified and smart finance professionals can never go out of demand with vast career scope and immense opportunities. Therefore the need for effective and well designed courses in finance is mandatory to churn out intelligent, well read and extremely knowledgeable students who can take the industry by storm.

Expand Your Aquaculture And Mariculture Projects With A Fisheries Finance Program

The FFP or the Fisheries Finance Program is a loan program funded by the government. The Congress has authorized the Fisheries Finance Program to provide long-term goals that are particularly meant for promotion of aquaculture, mariculture, commercial fisheries industries and other eligible projects. Eligible projects include aquaculture and mariculture facilities as well as fisheries shore side facilities. The FFP funds up to 80% of the depreciate cost of the cost of the project. The applicant must necessarily contribute at least 20% of equity to the eligible project at hand.

The FFP is also authorized to finance and refinance prevailing debts for such eligible projects. Additionally, it can also provide finance to applicants to buy or even refinance an already existing fishing vessel. Besides this, it can also finance reconstruction of an existing fishing vessel, provided the reconstruction does not in any way promote the harvesting capacity. However, the FFP cannot fund construction of a new fishing vessel, although it can provide funds to refinance an existing debt on a newly built fishing vessel.

Eligibility Criteria of a Fisheries Finance Program

The FSA (Farm Service Agency) not only provides farm ownership loans to farmers and ranchers, but also funds loans to provide facilities and resources to produce fish in controlled surroundings. An applicant must compulsorily qualify the following, in order to secure a loan under this program:

He must be a US citizen.

Have a satisfactory credit record.

Have ample income to repay his debt.

The net worth and liquidity invested in the eligible project also must be good.

The project must have a collateral security like the personal assets of the borrower.

No recourse against the borrower\’s asset.

He must have a history of owning or managing a fisheries project for a minimum of 3 years.

In other words, an applicant must have the necessary expertise, skills, financial resources, knowledge required to efficiently run the project and repay the debt. These could include the likes of commercial fishermen, processors and distributors of fishery products. An applicant may need to show his financial statement, records and tax returns, in order to establish his financial position.

Terms and Conditions

A loan under the Fisheries Finance Program is granted for a long term. It is a fixed rate loan with interest rates of 2% over the US Treasury cost of funds. The maturity of the loan is up to 25 years. However, it should not surpass the economic useful life of the legible project. It aims to provide direct loan assistance, in order to cover up particular fisheries costs. These direct loans are meant to be used for the purpose of reconstruction or renovation of the fishing vessel, repair and construction of fisheries shore side facilities.

Although the risks associated with the program run high, the primary advantage is a low rate of interest and finance for a long duration of time, which is not generally otherwise available. This consequently makes for, lower annual debt service demand on variable and many a times, good flow of fisheries income also. For further information, you can get in touch with your regional financial services branch to discuss the proposal. If the project satisfies the requirements of the program, an application form has to be submitted along with a fee equal to half of 1% of the proposed amount of loan.

Easy To Follow Ideas About Personal Finance That Will Really Help You

You are interested in learning more about personal finance. With so much information available on the Internet, it is hard to narrow down what is legitimate and what is trash. In this article we will provide you with high quality tips and tricks that may just work for you.

Holding a good insurance policy is essential to protect your personal financial situation. Everyone is going to face health problems. So, it’s very important to have the best possible health insurance for your family situation. Before you know it, a stay in the hospital, as well as doctor’s bills, can reach tens of thousands of dollars. If you have no health coverage, then it will cost you a lot of money out of your own pocket.

Don’t leave your wallet or purse unattended. While thieves may not take your cards for a spending spree, they can capture the information from them and use it for online purchases or cash advances. You won’t know it until the money is gone and it’s too late. Keep your financial information close at all times.

A major indicator of your financial health is your FICO Score so know your score. Creditors use the FICO Scores to decide how risky it is to give you credit. Each of the three major credit bureaus, Transunion, Equifax, and Experian, assigns a score to your credit record. That score goes up and down depending on your credit usage and payment history over time. A good FICO Score makes a huge difference in the interest rates you can get when buying a home or car. Check out your score before any major purchases to make sure it is a true reflection of your credit history.

One of the tips to maximizing your personal finances is to buy or make a coin jar in your house. Put this jar in your kitchen so that you can empty all of the loose change into the jar each day. Over time, this will add up as you should bank hundreds of dollars.

Dining out is something that you should do occasionally but it can really take a toll on your bank account over time. If you go out to eat more than one time a week, you will slowly begin to see your savings decline. Limit eating at restaurants to maximize the balance of your bank account.

Make sure you read over your credit card statement very carefully every month. Make sure there aren’t any charges that shouldn’t be on there. It helps if you keep any receipts from purchases where you used your credit card this way you can use those to verify any charges on your account.

One easy way to earn a little extra money is to make use of an old, unused computer or laptop. Operational machines or easily fixable ones can bring better prices than broken machines. Even broken electronics can have value, even if it is just enough for a tankful of gas or a some other necessity.

In summary, there is a lot of information on the Internet to sort through and determine what is legitimate. Hopefully you found this resource useful and learned something new about personal finance. With the tips that we provided and some self motivation, you should not be far off from being an expert.

Divorcing A Narcissist 4 Tips For Leaving Successfully

Going through the process of a divorce is not easy, and rarely pleasant. It is a huge loss to be dealt with emotionally, and there are many practical considerations to be managed as well. There are issues surrounding the loss of an ideal picture of marriage and family, the breaking of a commitment, the loss of the intimate relationship you once shared with your spouse, financial issues, living arrangements, the impact on mutual friends and family members, and of course the effects on your children. Unfortunately, if your spouse is a narcissist, these issues can become even more contentious and difficult to settle.

Chances are, you are getting a divorce because your partner continually commits bewildering, confusing, and destructive acts. When the divorce becomes a reality, it is likely that the gloves will come all the way off and you will experience even more hurtful behavior. Lacking in empathy, and not receiving the accustomed “narcissistic supply,” (admiration and attention) from you anymore, you might be discarded as worthless to the narcissist and any faade that your spouse put up to keep you in the relationship may drop. It is important to stay as collected as possible in this situation, and stay as focused and unengaged emotionally with your spouse as possible. He or she is not the person to go to for help or emotional support. Here are 4 practical tips for leaving the narcissist successfully:

1. Cover your legal bases and do it soon. Anytime there is property, significant assets, and/or children involved, an attorney is very important. Enlist the services of an attorney who you feel safe and secure with, and who understands the dynamics of a potentially “high conflict” situation, as well as a thorough understanding of more peaceful alternatives like mediation. If the attorney glazes over or dismisses you when you bring up narcissism, find another attorney to work with.

2.Make some immediate financial preparations. In the short term, make sure you have access to money. Get a credit card in your own name, while your credit is still combined with your spouse’s. Open a bank account in your name as well, and stash some emergency funds in it, just in case. Court orders are designed to protect you from having your access to funds blocked by a spouse, but it is always wise to expect that your partner may not “play by rules.” Make copies of all financial records and information tax returns, W-2’s, paystubs, loan information, insurance policies, employee reimbursement accounts, mileage plans, car titles, property appraisals, bank statements, credit card statements, 401K statements, investment statements, and the like. Your attorney can give you a complete list of all documents needed. See a financial planner for advice about settlements and future outcomes.

3.Log and document everything times, dates, and events. Record all the immoral, unethical, illegal, and destructive acts your spouse commits. This is particularly important if you live somewhere where there is fault assigned to divorce, or if you have child custody issues. If you have concerns for your children’s safety with your narcissistic spouse and he or she doesn’t agree to your custody terms, you might want to ask for a custody or parenting time evaluation. These can take many months so be sure to request it right away if it is necessary.

4.Avoid interacting with your narcissistic spouse, except as absolutely necessary. Avoid personal conversations, or assimilating his or her criticisms or manipulations of you. Remember, it is likely your spouse will try to belittle, dumbfound, or cause you to question your perception of reality. Be careful what information you share, keeping in mind it may all be used against you later.