Archive for the 'Employment' Category



Management consulting salaries - from analyst to partner

Posted By John Smith on February 28, 2009 @ 6:02 pm
by Management Consulted

Something a lot of people are dying to know.

The data is what Ive gathered from my own experience, current consulting friends, and public sources. They wont be 100% accurate but should be pretty close.

2 valuable resources on consulting include my blog - Management Consulted - and wallstreetoasis.com

Here they are!

First year out of undergraduate:

Base salaries: $50-65K Signing bonuses: $5-10K Relocation/moving expenses: $5-10K Year-end bonus: $5-10K depending on firm

Thats an average of $70-75K in first year compensation. As an intern, you can expect a comparable, pro-rated salary (minus the bonuses). Please note that this does not include retirement contributions.

First year out of business school/MBA:

Base salaries: $110-140K Signing bonuses: $20-40K Relocation/moving expenses: $10-20K Year-end bonus: $20-40K depending on firm

Thats an average of $160-200K in first year compensation. This does not include retirement contributions. My original estimates were a bit lower, but have been adjusted upward based on emails and the comments below.

Upward track through partner:

My numbers have a higher risk of being inaccurate as this is only from personal anecdotes, so if you have more accurate numbers, please let me know.

Engagement manager/Project leader: $175-250K Associate principal/Senior project leader: $250-400K Partner/Principal: $500-800K Senior partner/Director: $1M plus At more senior levels the pay becomes increasingly variable and performance-based

How consulting salaries lose to finance:

At almost every position as a management consultant, your salary will be 30-50% lower than a comparable position in investment banking. This varies by year and median salaries in non-banking departments (such as research, asset management, sales & trading) are lower. The truth is simple: consulting is not a profession to make big bucks.

How consulting firms try to make up the salary gap with finance:

Better benefits - healthcare, life insurance, etc Retirement contributions - this one is important because at McKinsey/Bain/BCG, theyll contribute an added 5-10% of your base salary to your retirement funds, effectively a 5-10% year-end bonus! (A reader just informed me that his MBB retirement contribution starting fulltime in 09 was 4.5%, which is lower than Id seen in previous years) More generous reimbursement policies, travel perks, etc

Hope everyone found that informative. Good luck breaking into consulting.

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Filipina Domestic Helper Hong Kong - Top 7 Causes Of Termination

Posted By Alice Sy on February 27, 2009 @ 12:00 pm
by Alice Sy

When you are working in Hong Kong as a Filipina domestic helper, you will be bound by a contract. If you want to longer your employment, you have to obey certain rules. You have to do your part in order to keep your job. There are, however, various reasons why employers terminate the service of their housemaids and you should be aware of these reasons. Below are some of them:

As much as you can, avoid becoming a guarantor to a friend who is trying to borrow money from a debtor. If that friend of yours won’t be able to pay what she has borrowed, the collector will keep on bugging you even to the point of calling your employer’s residential number everyday. When this happens, your employer will definitely be pissed off and might decide to fire you out.

Only a few may know but jealousy can be a cause of termination. If your employer’s wife starts becoming jealous of you, you can be terminated. This would likely happen to avoid complicating matters between you and your employer’s family.

The way you communicate with the family members is an important aspect of your job. It can be your make or break. There might be a family member who can only speak their native language. If communicating in any way will be very difficult for the two of you, it can serve as a reason for your termination.

Some employers expects too much from a domestic helper. Not meeting these expectations can drive him to oust you from your position. Because of this, you should first assess the personality of your potential employer before you decide if you want to work for such person or not.

Employers have the right to terminate the service of a disobedient maid. Therefore, make sure that you are obedient to them. Aside from being hard working and skilled, the attitude is also an important factor that employers look for in a domestic helper.

Stealing is not just a bad attitude. It is a crime as well. If you will be caught in this doing, your termination will come in a flash and you might have no choice but to serve a sentence in jail. There may be temptations in your employer’s house but keep in mind that your job and your dignity as a Filipina are more important than obtaining those items through theft.

Another thing that can lead to your termination is the financial condition of your employer. You may be the best Filipina maid around, but if your employer’s business or career got downsized, and she will soon realize that she cannot continue to pay for your service, she may just decide to let go of you.

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How To Publish Your Job Openings Online For Free

Posted By Steven Seagals on @ 9:54 am
by Steven Seagals

Employing experienced people for your job openings can be painful and expensive, as well as quick and easy. It’s merely a question of good resources management. Are you aware how many free online job sites where you may advertise your job opening are there? Quite too many, I guarantee you that.

Now let me ask for attention to assist you find a job board which is totally free. Making use of search engines is the easiest and handy idea of making a big list of free boards where to publish your job description, salary, qualifications you ask for etc.

Tomorrow will prove itself extremely not easy for a lot of market segments and for may of employees. Changing a job, not to mention a better one, will become more and more questionable. So, if you are a hiring officer, it means that you have more variants to get the specialist you require.

Act quickly and be the first in posting the news that you have job openings. In tough periods, even skilled professionals may get laid off, so you have the chance to employ them work for your company. Post your employment opportunities on every free job boards you can get to. The more you post, the merrier.

Throw nothing, keep all resumes, but place them in good order. A resume of an experienced person, which may seem of no use today, can be opportune next year, if you’ll have a new job opening in that segment of knowledge. It’s easy to have a receptionist gather all application details you get in a single file for future usage.

That action may be tricky because of the money troubles. Here it is in black and white. There’s indisputable testimony of that. Those who are smarter have more chances to win the game. Knowledgeable persons are hunted by everybody, therefore you would better be careful you have the tools to make them work for you.

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Employment Agencies Domestic Helper Hong Kong: Useful Tips

Posted By Alice Sy on @ 6:27 am
by Alice Sy

When you plan to work abroad it is always crucial finding the best employment agencies. Domestic helper Hong Kong applicants, especially those who are still new to job hunting abroad, need to find a good agency first and foremost. The reputation of the agency should always be given utmost importance.

You will be able to find employment agencies whether in land based offices or in online sites. From employers to job hunters, agencies are viewed to be extremely valuable. Employers can get the domestic helpers they need while domestic helpers can find good employers.

As for many employment agencies, domestic helper Hong Kong positions are among the most common. In Hong Kong foreign domestic help is a regular part of most well-to-do households. A large number of these home helpers are women, most of them Filipinos, currently taking up 53.11% of the whole populace of domestic helpers.

However, domestic helper applicants should be careful not to trust every employment agency that they come across. Background checking on all the prospective recruitment agencies is essential, since this will help establish the reputation of the agencies. Unlawful employment and deployment to abusive employers are among the common complaints against illegal employment agencies.

As much as possible, you need to deal only with legal and highly reputable employment agencies. Domestic helper Hong Kong applicants, since majority of them are women, need to make sure that the agency is worthy of their trust, money, and time.

Choosing an agency that recognizes individual skills is also very valuable. Perhaps you are skilled in housework, cooking, or babysitting. An excellent agency will know how to match your skills with the most suitable and dependable employers within Hong Kong. This categorization will also encourage employers to find you much more easily.

Not everyone will always have the luck in finding easily the best employment agencies. Domestic helper Hong Kong applicants should be able to make a comprehensive search on the placement agencies available. The agency must be able to provide a list of job openings within the cities and towns of Hong Kong as well as potential employers within the area.

In general, finding good employers rests on the ability of the domestic helper in finding a competent employment agency. Through professional assistance, any applicant can acquire the job most suited to his or her skills. By getting the services of dependable employment agencies, domestic helper Hong Kong applicants could score the best jobs and employers in no time at all.

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Searching for an Accounting Job

Posted By Melissa Blanchard on February 26, 2009 @ 5:40 pm
by Melissa Blanchard

Accounting requires a lot of skills when it comes to business and that is why every company has an employee that is an accounting graduate. If you are an accounting graduate, you can apply in any kind of firm.Accounting graduates, have broader choices and specific paths to follow with their careers.Areas may include tax, audit, financial analysis and management accounting.

There are careers that have been proven by most accounting graduates to bring them to the top of the success ladder and you may want to consider entering these fields.It is best that you apply for a job that matches your interests and expertise.

If you are an accounting graduate who excel in public accounting, the entry-level positions that best fit this skill are Tax Staff, Consulting/ Management Services and Staff Auditor. With these positions you will do your duties reporting to a senior. Once you have acquired three to six years of experience in any of these positions, you may then want to consider applying for the higher levels like Tax Senior, Senior Auditor, and Consulting Senior where the position entails reporting directly to a Manager. After six years of excelling with these potions, then you may consider the positions Partner level and Senior Partner.

Having an edge with corporate accounting, one to three years of experience will qualify you to become a staff member in Internal Audit, Tax Accounting, Management, and Financial Accounting. Moving up the higher lever after three to six years, you will be eligible for the Senior Level for Internal Audit, Tax Accounting and Management Accounting. Six years thereafter, you may want to consider aiming for the positions like the Tax Manager, Internal Audit Manager and Financial Accounting Manager.

Expertise in Financial Management, Staff for Financial Planning, Cash Management, and Credit Analysis are options for entry-level positions. Once you have gained the enough experience, you may aim for the Treasury Operations, Credit Analysis and Senior Financial Planning. Higher positions will include Treasurer, Manager for Credit Analysis and Financial Planning.

You should go beyond not just limit your skills to accounting. It is still recommended that you gain enough work experience, acquire knowledge in different aspects of education, and continue to improve your character to be a step ahead with other job seekers.These career options are traditional paths that were found to fit best for accounting graduates. However, it does not mean that they are the only way to climb up the success ladder.

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Physician Staffing Career Help

Posted By Cally Smith on @ 12:22 pm
by Natalie Brown

Physician staffing is a temporary or part-time job for doctors who do not want a full-time job for professional or personal reasons. Hospitals may opt for hiring physician staffers because they dont have a need for more personal, just on occasion.

Hospital shifts for locum tenen staffers is no different than a typical hospital shift. There are six shifts in a day with overlapping for the high peak hours of the day. This is all determined ahead of time for you.

Filling the gaps in a hospital staff is an ongoing nightmare for hospital administrators. Its not like another workplace where people can call in sick. This would make for a high stress level for the doctors who are on staff and that results in lower quality care.

Temporary physicians staffing is a good way for doctors to explore different career options without committing to a full time hospital job. Doctors can find where their expertise and skills can be without having to find full time employment for all the different aspects of a hospital job.

Pathology jobs arent always a full time requirement for clinics and hospitals. Staffing a full time employee isnt always the best budgeting item.

Positions that are difficult to fill, such as speech pathology jobs and occupational therapy jobs are heavily recruited by staffing companies through individualized emails encouraging candidates meeting certain requirements to apply.

Some doctors may be interested in a career path in pathology. Pathology jobs can be daunting but its a good thing to do some temporary work before committing to a full time career in pathology.

Using a physician staffing company to ensure you get the best hospital job is key. Find one online and make sure they update their job boards daily. Its those small things that make finding a job easier and less stressful.

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Be a Secret Shopper

Posted By Sam Peters on @ 9:31 am
by Tom Peters

So you have determined you want to learn how to become a secret shopper! The job of mystery shoppers is to visit shops or designated location, posing to be shoppers, and appraise the service quality, cleanliness, etc. of the facility. Business owners receive the report that mystery shoppers give and use it as a tool to change weak areas of their business. Companies that use this service include restaurants, cafes, shops, and salons. Mystery shoppers make good money performing the work, and they enjoy the added bonus of a flexible schedule. Most of theestablishments require you to visit places that are close to your home so youdo not have to be concerned about travelling.

There are a lot of establishments that hires mystery shoppers. Be careful in choosing the right company to be a mystery shopper. Despite many scary stories of people being cheated in being a mystery shopper, becoming a mystery shopper is still a popular job. What you need to do is to be more alert when you are applying this job.

One easy way to know if the company is reliable is to check their track records and any association affiliations. There may be a fee in becoming a mystery shopper but it should be a very small amount. Having recommendations from friends will also help a lot in deciding a company to work for.

The Internet is also a great place to find more various resources in becoming a mystery shopper. Read more stories, join forums and learn many tips that will help you.

There are a lot of mystery shopper resources available on the Internet that can assist you find jobs. You may have heard of stories where people have been able to earn big sums of money with mystery shopping, so if you are looking for a flexible timing, and and something that you can get paid for while having fun, this may be a good move for you!

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Cover Letter Format: How To Get It Right

Posted By Jimmy Sweney on February 25, 2009 @ 8:54 am
by Jimmy Sweney

All of us would want to win the job that we always wanted; however, achieving it may require a lot of effort especially in writing comprehensive resumes and unique cover letters. In making one, you should be able to market your self and leave a positive impression to your employer. You might be wondering, what exactly is the ideal format in making a cover letter?

Cover letters are often set aside by most people who are submitting their applications for job openings. They don’t realize how important it is to write a letter and how it helps in getting hired for the position.

In case you are one of those people who don’t have any idea what a cover letter is, then better read this article. This article will give you a clearer picture of what it is and learn about the ideal format of making it.

A good cover letter should contain all the information such as skills, traits, and related experience needed for the position. Interviewers would often refer to the letters of applicants before they schedule them for interview because there is not enough time to meet each applicant one by one and screen them.

Now that you know the importance of making these letters, it is now time for you to know the correct format of creating it.

Your letter should be simple, yet detailed. As mentioned here before, an interviewer doesn’t have enough time. They need people to fill in the position as soon as possible, but they also need to select the perfect candidate for the position. For you to be the perfect candidate, just make a one page letter describing your self and the skills you have that is needed for the job. If you have prior experience related to the field, you may also include that because it could give you higher chances of being hired.

In addition to that, show in your letter that you are really interested in the job. Write that you want to get a personal interview as soon as possible because this shows great interest in getting the job; however, do it in a polite manner.

The last thing I’d like to point out is that you need to add a bit of personality in your cover letter. A personal touch is always a good idea in a perfect cover letter format. Don’t shy away from showing your potential employer your sense of humour. That very simple thing is often overlooked and can, if used appropriately, deliver wonders.

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5 Ideas that You can Do to Work From Home

Posted By Dirk Andresen on February 24, 2009 @ 10:50 pm
by Dirk Andresen

I just wanted to share this information to give you a few ideas on how to work from home. Today is exciting because never before has their been such an opportunity to make money from home. All you have to do is come up with an idea and find a way to market it. The following are just a few ideas to get you moving.

#1 Join an affiliate program. There are so many people out there willing to pay you to promote their product. You can join an affiliate program and promote it through classified ads, forums and blog posts, or if you have one, your own website.

#2 Sell tangible products online. You can use sites like Amazon or Ebay to sell physical products. They charge a slight fee for listing your products, or a fee when you sell. The advantage is that you get to take part in their traffic. If you have your own site sometimes this can be better. You can always find a wealth of suppliers by looking for wholesale on Google. It may be a good idea to register a business name and get a tax id number so you can buy actual wholesale products.

#3 Start an article website and make money from advertising. This is very popular. If you know a lot about a topic you can build a content based site and add Google Adsense or a similar program to it, if people click the ads you get paid. Pay special attention to search engine optimization techniques so that you can draw a large amount of traffic.

#4 Paid Survey Sites. This is not my favorite, but a lot of people do it. I think you can make more money spending your time doing other things, but if you want some easy money there are sites out there that will pay you to take surveys. Look for articles and stuff promoting these. Don’t buy into a program that offers paid surveys. The sites are free, look for them and sign up, don’t sign up for a program and pay to have them give you a list of free sites.

#5 Start a subscription site. This is my favorite option, I wish I had more ideas. If you can get users to sign up to visit your site or be a member monthly you can make a lot of money easily. Maybe develop software or find an unlimited service that you can resell.

I just wanted to give you some information to get started. There are a lot of online jobs and such if you look for them. If you are a technical person you can even go to sites like getafreelancer.com and bid to get work on contract. No matter what you can make money online if you look for opportunity.

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The 5 Reasons you Want to Work From Home

Posted By Dirk Andersen on @ 5:15 pm
by Dirk Andersen

Sometimes I think people need a cheat sheet to remind them why they are doing what they are doing. I designed this article to be printed and put on your mirror so every morning when you wake up you can remember what you are doing today’s work for.

#1 There is unlimited opportunity with the internet, and you want to make more money than you know what to do with.

#2 You want some freedom to do what you want when you want to do it. You want to stop having to go to work when they tell you to and doing everything they tell you to do.

#3 You want material possessions that you are not going to be able to buy anytime soon with your current job.

#4 You would rather spend your time making money for yourself than making money for stockholders or your boss.

#5 Your job doesn’t let you keep up with those darned Jones’, so you have decided it is time to make them keep up with you.

It is simple, we all want to be better people. Each day read these goals and do anything that will get you closer to them first. Then to the less important things. If you can accomplish these goals then you will have a fulfilled life.

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