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Career

Nicole Junkermann and Lynn Good: The Powerful Ladies in Business Era

Last Updated on September 16, 2023 By Lisa C. Townes Leave a Comment

Gone are the days when people thought the business world belonged to men. Now, women are also shining bright in the business industry in different fields. Women have emerged as exceptional leaders and negotiators, making it to the top. Nicole Junkermann and Lynn Good are among the most powerful ladies in the business era who have proved their business acumen by reaching heights of success.

The story of these powerful businesswomen is inspirational and makes you realize the sky’s the limit!

Let’s tell you everything about Nicole Junkermann and Lynn Good, including how they succeeded as female entrepreneurs.

Who is Nicole Junkermann?

Nicole Junkermann, widely known as inversion Nicole Junkermann is a billionaire German businesswoman. She is the founder and CEO of NJF Group, a holding company for her investments in multiple businesses like technology and media.

Nicole Junkermann was born in Darmstadt, Germany, on April 27, 1980. She received her economics education at the University of Cologne and later moved to the US to obtain an MBA from Harvard Business School.

Junkermann is also a philanthropist, helping many other emerging businesses transform their dreams into reality. She participates in the Entrepreneurs Organization and supports struggling entrepreneurs to help them succeed. She is also an investor in companies JobTeaser, BioNTech, and Winamax.

Nicole Junkermann

Nicole Junkermann Net Worth

Nicole Junkermann has a net worth of $1.5 billion as of 2023. Her cautious investments in many emerging businesses have contributed to her incredible net worth. Junkermann is among the finest female business entrepreneurs who focus on empowering other businesses while increasing their net worth.

Nicole Junkermann Investments

Trusting in her abilities, Nicole Junkermann has always taken a calculated risk that has paid well for her. To everyone’s surprise, she made bold investments in game-changing ventures that eventually gained soaring success.

She started her career as an investment banker for Salvator Partners and JPMorgan Chase. This enabled her to understand the strategic skills required as an investor. Later Junkermann followed her interest in media and technology and co-founded the media investment firm Winamax. She also endeavored into sports investments, including the London-based soccer team Crystal Palace.

After investing in other companies, Junkermann founded NJF Holdings, which invests in early-stage media and technology companies. NJF has invested in numerous sports, healthcare, and education industries. The company also supports health, education, and environment-related programs.

How did Nicole Junkermann become Successful?

Nicole belonged to a business family that enabled her to learn the intricacies of the business world quite early on. As a young girl, her father took her to meetings, where she learned to interact with people. She also understood the practical and inspirational side of business. She realized how a successful business requires passion, flare, and creativity, but you also need the right strategies to make your business successful.

Junkermann did not hesitate to apply what she learned and made smart investment choices throughout her career. Her biggest accomplishments include being the CEO of the NJF company and General Motors. She has also been a part of the board of directors of numerous companies, including AXA Group, Breast Cancer Research Foundation, the Mount Sinai Health System, Sportsman Media Group, Zapp360, and Threatscape.

Nicole Junkermann’s Future

Nicole Junkermann is not only a successful businesswoman in her present, but her business insights are sure to keep her at the top of her game. Her career looks promising, with various investments booming and bringing in significant revenue.

Junkermann continues to inspire and impact the lives of hundreds and thousands of entrepreneurs globally with their dedication to facilitating new businesses.

Another amazing name on the global landscape is Lynn Good, who has made her name in the industry through her excellent leadership skills. Let’s tell you about her too.

Who is Lynn Good?

Lynn Good is the CEO, president, and Chair of Duke Energy, one of the US’s largest electric power holding companies; Duke Energy is a Fortune 500 company.

Good was born in Ohio on April 18, 1959, and received her BS in System Analysis and Accounting from Miami University. She later attended the College of William and Mary in Virginia in 1983 to get her Master’s in Business Administration.

She has also been associated with numerous communities and charities, such as the Arts and Science Council of Charlotte, the United Way, and the YMCA.

Lynn Good

Lynn Good Net Worth

Lynn Good has a net worth of $47 million as of 2023.

Her net worth is attributed to her approximately $3 million salary as the President, CEO, and Chair of Duke Energy. At the same time, she owns over 20,000 units of Duke Energy Stocks worth more than $25 million.

Lynn Good Career

Good started her career at Arthur Andersen after receiving her MBA and embarked on the journey of success. Besides being a part of Arthur Andersen, she also worked for various other firms, including Deloitte and later TXU, where she was the Chief Financial Officer.

She joined Duke Energy in 2003 as the Chief Financial Officer and the Senior Vice President, where she looked over the company’s investments and financial strategy. Good started making waves in the technology world when Duke Energy promoted her to President and CEO in 2013; she became the first woman to lead the company.

How did Lynn Good become Successful?

Good started focusing on deep aspects of making Duke Energy stand out by moving towards cleaner energy sources, strengthening customer relationships, and exploring new markets. She proved herself a wonderful leader by ensuring representation and inclusion within the company, positively impacting the company’s success.

Lynn Good Future

While Lynn Good is at the peak of her career, there is no stopping. She looks forward to making Duke Energy the US’s largest electric power holding company without compromising on ethical grounds. She seems happy with her place at Duke Energy, and we expect to see her in this role for some time now.

The Bottom Line

Nicole Junkermann and Lynn Good are two incredible women in the business era, making a name for themselves in male-oriented segments. Junkermann is an investor and CEO of her media and tech investment company, whereas Lynn Good is the President, CEO, and Chair of the Fortune 500 company Duke Energy. Both women are serving to their best capacity and empowering others on their way. They contribute to different charities and have been exemplary leaders. Nicole Junkermann and Lynn Good are an inspiration for the women of today to take charge of what they want to do and conquer the world.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Career

Navigating Career Coaching: Distinguishing Between Depression and Laziness

Last Updated on September 8, 2023 By Shayna Waltower Leave a Comment

Embarking on a career journey is a significant endeavor that can be both exciting and challenging. Along the way, individuals may encounter obstacles that hinder their progress, leading to feelings of frustration and stagnation. However, it’s important to recognize that these obstacles can often be attributed to factors beyond mere laziness. In this article, we will delve into the realm of career coaching, shedding light on the critical distinction between depression and laziness. We will explore how seeking guidance from a career coach can aid individuals in overcoming these challenges and finding a path toward personal and professional growth.

Understanding Depression vs. Laziness

Depression and laziness are two concepts that can sometimes appear similar on the surface but have vastly different underlying causes. It’s essential to differentiate between the two, as mistaking one for the other can hinder progress and prevent individuals from seeking the appropriate support. Depression is a mental health condition that affects mood, energy levels, motivation, and overall well-being. On the other hand, laziness often refers to a lack of willingness or desire to exert effort, but it may not necessarily be linked to a deeper emotional or psychological issue.

Recognizing Signs of Depression

  1. Persistent Low Mood: Individuals experiencing depression often feel persistently sad, empty, or hopeless. This emotional state can significantly impact their motivation and desire to engage in activities, including those related to their career.
  2. Fatigue and Lack of Energy: Depression can lead to profound fatigue and a lack of energy, making even simple tasks feel overwhelming. This sense of physical and mental exhaustion can contribute to decreased productivity and engagement in one’s career.
  3. Difficulty Concentrating: Depression can impair cognitive function, leading to difficulties in focusing, making decisions, and retaining information. This can have a direct impact on job performance and career advancement.
  4. Loss of Interest: A hallmark symptom of depression is the loss of interest or pleasure in activities that were once enjoyable. This can extend to professional pursuits, resulting in decreased enthusiasm for work-related tasks.
  5. Feelings of Guilt or Worthlessness: Individuals with depression often experience feelings of guilt, worthlessness, or self-criticism. These negative self-perceptions can undermine confidence and hinder efforts to advance in a career.
Progress in Career

Understanding Laziness

Laziness, on the other hand, is characterized by a lack of motivation or effort to engage in tasks, often without an underlying emotional or psychological cause. It may stem from factors such as lack of interest, burnout, or even a need for better time management skills. While laziness can impact productivity, it differs from depression in that it doesn’t necessarily involve the emotional distress and cognitive changes associated with a mental health condition.

Seeking Guidance from Career Coaching

Career coaching can play a pivotal role in helping individuals navigate challenges related to both depression and laziness. A skilled career coach can provide guidance, support, and strategies to overcome obstacles and regain a sense of purpose. For individuals struggling with depression, a career coach can help them set realistic goals, establish routines, and develop coping mechanisms to manage their symptoms while pursuing their professional aspirations. For those facing laziness, a career coach can assist in identifying underlying causes, refining time management skills, and reigniting passion for their career path.

Conclusion

Understanding the distinction between depression and laziness is essential for individuals seeking personal and professional growth. While both can manifest as challenges in a career journey, they have distinct origins and implications. If you find yourself questioning, “Am I depressed or lazy?” it’s crucial to recognize that seeking guidance is a proactive step toward positive change.

Enlisting the support of a career coach can provide valuable insights, strategies, and encouragement, enabling you to overcome obstacles and work toward achieving your career goals. Remember that seeking help is a sign of strength, and with the right guidance, you can navigate challenges and embark on a fulfilling career path.

Shayna Waltower
Shayna Waltower

is a seasoned business writer and expert, specializing in delivering concise and insightful articles. With over a decade of experience in the corporate world, She brings a unique perspective to work, offering practical advice and actionable strategies to help entrepreneurs, executives, and professionals navigate the complexities of the business landscape. Her writing combines a deep understanding of industry trends with a passion for empowering readers to achieve success in their ventures.

Filed Under: Career

Is Industrial Specialist a Good Career Path?

Last Updated on August 11, 2023 By Methew Harbor Leave a Comment

The evolution in any industry is essential with time. Just as its need arises, so does the demand! The need to generate multiple streams of income and remote work rose during the pandemic. A tremendous downfall in the business industry or the economic sectors increased the need to generate more income streams. Necessity became the mother of a new invention. However, the invention we are opting to discuss here has been in the industry for a while, its need is just rising in the current years.

The masterminds of the business generators play a crucial role in optimizing processes, enhancing productivity, and driving innovations in the business. They are known as the black sheep of any business – The Industrial Specialists. Today we will delve deeper into the world of industry specialists, defining what they do and why their role is essential. We will uncover whether it’s a rewarding career path worth exploring.

What is an Industrial Specialist?

Let’s simplify this term by first understanding what industrial denotes. Industrial refers to everything that is related to the following procedures:

  • The production,
  • Manufacturing,
  • Processing of goods,
  • Project quality management,

The term industrial represents the systems and infrastructure supporting these mentioned points too. The industrial term constitutes a hatful of sectors, including manufacturing, logistics, energy, construction, and more.

The industrial Specialist needs to be a rounder who can carry out the manufacturing process and quality improvement of products. They are responsible for goods with efficiency and through utilizing their vigilant skills. These industrialists must have core expertise to work with industrial operations, whether it’s a private or government industrial specialist position.

Overview of Industrial Specialist Career

In industrial operations, an industrial specialist is an expert with deep knowledge and skills in a specific area. Industrial specialists focus on the following aspects of industrial processes such as:

  • Ensuring efficiency
  • Quality of the manufactured product and change management
  • Compliance with regulations
  • Troubleshoot issues
  • Implement best practices
  • Collaboration with cross-functional teams and maintaining project organization structure

The main goal of an industrial specialist is to optimize the operations within the organization to perk up and boost the sales of the business.

What Does an Industrial Specialist Do?

Being an industrial specialist takes more than just a certain degree it is better to deeply understand the role before pursuing this career path. Let’s thoughtfully understand the job description of an industrial specialist to attain the answer to our main question, is Industrial Specialist a Good Career Path?

Firstly, let’s explore the role of a specialist. Have you ever wondered about the exciting world of industrial specialists? Industrial specialists have diverse responsibilities depending on their area of expertise.

We have listed some general roles and tasks performed by these professionals to make you better understand this career path:

Operational Enhancement and Cost Reduction

An industrial specialist is responsible for workflow optimization, efficiency enhancement, and productivity enhancement by proposing improvement strategies in the workplace. Additionally, they are accountable for the successful implementation of six sigma and automation technology to minimize wastage.

Ensuring Quality

Industrial Specialists are in charge of upholding and ensuring high-quality standards for their manufactured products. They attain it through collaboration with team members in successfully implementing quality control processes. Furthermore, they are also held accountable for the following tasks:

  • Audits
  • Inspections
  • Providing training to the team members

The whole object of it all is to make sure that the products meet specifications and regulatory requirements in industrial settings.

Ongoing Improvement

Additionally, Industrial specialists’ main tasks are to find areas of improvement in the working process, product initialization, and innovation. They sustain it through the following methods:

  • Data Analytics
  • Metrics
  • Through feedback

They are responsible for overseeing implement changes and monitoring their effectiveness. Additionally, they are tasked with the duty of encouraging departments to collaborate while focusing on a similar goal.

dark side of industrial revolution

Why Choose a Career as an Industrial Specialist?

This career can assist you in becoming a highly specialized and skilled person. Becoming an industrial specialist can impact your personal development too. There is a wide range of industry specialists to consider. From computer systems to transport and assembly lines, from manufacturing to construction, the roles or salaries of an industrial specialist are similar. However, any industry you choose to become an industrial specialist has its requirements, responsibilities, and benefits. Take a view at what this path brings to the table and what the potential of this career development is:

Multifaceted Career Options

Industrial specialists can work across various industries and sectors. An industrialist’s prime role is to provide opportunities for specialization within different career paths and generate diversification in the ever-evolving industry. From manufacturing and logistics to energy and construction, the demand for industrial specialists remains high, ensuring a wide range of job prospects.

Substantial Contributions

Industrial specialists have the power to make a tangible impact on organizations. Their work directly influences productivity, efficiency, safety, and overall business management. They are responsible for optimizing processes and implementing their best practices. Industrial specialists help organizations achieve their goals and thrive in competitive markets.

Continuous Training and Expansion

Industrial operations are constantly evolving with advancements in technology, regulations, and industry standards. As an industrial specialist, you’ll have the opportunity to engage in continuous learning and professional development, staying up-to-date with emerging trends and acquiring new skills.

Competitive Salaries

An industrial specialist’s expertise and specialized knowledge are defined to be high-valued in the marketplace. It is right to say that these folks are one of the highest-paying people in the industry. Consequently, they often enjoy competitive salaries and benefits, reflecting the importance of their contributions to organizations.

What is the Scope of Industrial Specialist in 2023?

The average salary for an Industrial Specialist in the U.S. is $81,900. Some factors determine the national average salary of an industrial Specialist, factors such as:

  • Experience
  • The industry you are targeting for
  • Organization Size and expansion
  • Geography

According to the records of 2021, the new hires in the National Institute of Standards and Technology had an average salary of $152,587. In the federal government (U.S.) sector, the pay scale of industrial specialists is around $131,236.

The data from Indeed give us the average salary statistics of an industrial specialist in the United States such as.

Per Hour $35.57
Per Day $367
Per Week$1,515
Per Month $5,863
Per Year$82,813

Here are some of the highest-paying cities for Industrial specialists.

States/ Countries Average Per Year Salary 
Toledo, Ohio$96,247
Everett, WA$94,743
Atlanta, Georgia$91,978
Chicago, Illinois$87,383
Middletown, Connecticut$78,603 
Houston, Texas$78,862
New York, NY$86,639 

This career path brings a lot of benefits along with tons of responsibilities. If you consider yourself someone responsible enough to be a leader for the team, then this career path can be a suitable choice for you. Join the league of professionals who drive success in the world of industrial operations.

End Note

Industrial specialists play a diverse role in today’s complex industrial landscape. They play a vital role in optimizing processes, ensuring quality, and upholding safety standards within the organization. Their expertise in process improvement and vigilant skills play a significant role in the success of the organization. It has a tangible impact on various sectors of the organization. If you have a passion for problem-solving, process improvement, and making a versatile impact, a career as an industrial specialist is worth considering. This career path can be an excellent choice for you. Embrace the exciting world of industrial operations and embark on a rewarding way where your skills and knowledge will be valued.

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

Filed Under: Career

Which Medical Degree Jobs Pay the Most

Last Updated on July 5, 2023 By Methew Harbor Leave a Comment

Medicine is considered a noble profession globally and many students opt for different domains every year. Medical studies enable you to serve people directly by saving lives while being a well-paid professional simultaneously.

Medical professions are among the highest-paying careers with numerous options. You may choose to be a surgeon, anesthesiologist, nurse, pharmacist, veterinarian, radiation therapist, or any other – the choices are endless.

What’s better than choosing a profession of your interest that also pays well?

We have compiled the highest-paying medical degree jobs to make it easy for you to decide. Read till the end to not miss any important detail.

High-Paying Medical Degree Jobs

JobAnnual Salary
Anesthesiologist$331,190
Surgeon and Physician$206,800
Pediatrician$198,420
Dentist$163,220
Pharmacist$128,500
Nurse Practitioner$123,780
Physician Assistant$121,500
Nurse Midwife$114,210
Veterinarian$117,000
Physical Therapist$95,000
Speech Language Pathologist$80,480

Anesthesiologist

Anesthesiologists are physicians and surgeons who specialize in administering anesthesia to patients during a medical procedure. They are also responsible for injecting pain-management analgesics into the patients. Administering anesthesia is not easy as it may seem. It requires in-depth knowledge of the subject and experience to ensure adequate insertion.

Being an anesthesiologist is one of the most demanded fields of specialization in medicine. Anesthesiologists typically work in operating rooms, hospitals, and outpatient surgery centers. BLS projecting also predicts a 15% career growth for anesthesiologists by 2026. They are believed to be among the highest-paying medical jobs.

How to Become an Anesthesiologist?

You have to obtain the following education to be an anesthesiologist:

  • 4-year undergraduate education
  • 4-year medical school program to earn an MD qualification
  • 4-year specialization postgraduate residency in anesthesia
  • Licensing Exam

How Much Do Anesthesiologists Earn?

Anesthesiologists in the US earn $160 per hour or $331,200 per year on average.

Surgeons and Physicians

Most medical students aspire to be physicians and surgeons when stepping into healthcare. The job choices for physicians are wide as they can work at hospitals, clinics, operating rooms, and medical schools as professors. Surgeons and physicians take presenting complaints and history, diagnose the disease and prescribe medication to the patient. Surgeons also take part in operative surgeries.

How to Become a Physician or Surgeon?

You have to take the following education and specialization to become a surgeon or physician in the USA. It may take around 13 years after high school to get your specialization.

  • 4-year bachelor degree
  • 4-year medical degree
  • Internship and residency
  • Specialization (4 – 9 years)
  • Licensing Exam

How Much Do Physicians and Surgeons Earn?

The average income for a surgeon or physician in the USA is $206,800 annually or $100 per hour.

Pediatrician

Pediatrics is a medicine specialization that deals with the healthcare of young children and teens. Pediatricians typically diagnose and treat patients under 18 years of age. The treatment and medicine administration regimen is often different for children, which requires a specialized person. You can find a pediatrician in almost every hospital. They also work in schools and community health centers.

How to Become a Pediatrician?

Becoming a pediatrician is rewarding but requires extensive hard work and years of education. Here’s what you need to do to become a pediatrician.

  • Bachelor’s degree
  • 4-year medical school degree
  • 3-year pediatric residency
  • Licensing
doctor-check-the-childs

How Much Do Pediatricians Earn?

Pediatricians earn around $198,420 on average in the United States of America.

Dentist

Dentistry and pharmacy are considered to be among the medical degrees that pay the most besides physician specialization (anesthesiologists, pediatricians, etc.) Dentists are responsible for educating and taking care of people’s oral healthcare. They assess oral health and diagnose and treat conditions affecting teeth’ health and aesthetics. Besides the general practitioner dentists, you may opt to be an orthodontist or prosthodontist. Depending on the region, you may make much more than the average income.

How to Become a Dentist?

Here’s all it takes to become a dentist and start practicing.

  • 4-year bachelor program
  • 4-year dental education (DDM/DDS)
  • Licensing after written and clinical assessment

How Much Do Dentists Earn?

Dentists in the USA earn $163,220 per year or $78.47 per hour. However, this is the average income for dentists, and the highest income may vary.

Pharmacist

Pharmacists are often known as the backbone of healthcare as they ensure rational use of medicine and provide adequate treatment to the patients. They are responsible for researching new drugs, manufacturing effective and safe medication, and ensuring adequate administration. They also counsel the patients about the usage and side effects of the medicine. The scope for pharmacists is wide, from retail/ community pharmacies to hospitals, retirement facilities, pharmaceutical industries, and physician offices.

How to Become a Pharmacist?

Pharmacists do not require as much extensive clinical practice as surgeons and anesthesiologists before securing a job. However, a pharmacist must have adequate knowledge and obtain the following education.

  • Undergraduate degree from a medical college
  • On-site internship
  • Licensing exam

How Much Do Pharmacists Earn?

You can earn $128,500 annually or $61 per hour on average in the USA.

Nurse Practitioner

Nurse practitioners (NPs) are authorized to perform certain procedures general registered nurses cannot. NPS are APRNs (Advanced Practice Registered Nurses) who can treat several health conditions besides physicians and surgeons. Nurse practitioners are anticipated as a highly growing profession with a 45% growth forecast from the Bureau of Labor. They also rank as the second-best job in healthcare per the World Report and US news. Many nurse practitioners work in emergency care, outpatient, inpatient, surgery, nursing homes, community hospitals, and physician offices.

How to Become a Nurse Practitioner?

Nurse practitioners get their license by taking the NCLEX exam after your bachelor’s degree. You can study further after your bachelor’s degree to get better opportunities.

  • 2-4 year Master’s program after 2 years of experience
  • 6-year doctorate after bachelor’s

How Much Do Nurse Practitioners Earn?

Many people think nurses do not make good money, but it is one of the best medical degrees with the highest pay. You can earn $123,780 annually and work closely with physicians and surgeons.

Physician Assistant

Physician assistants are not the same as physicians, yet they perform many similar tasks. Physician assistants are medical professionals licensed to work with a physician or surgeon. They have a similar role in healthcare to that of a physician. They assess the condition, diagnose the disease, write prescriptions and assist in surgery. They work in physician’s offices and hospitals primarily. However, physician assistants are also a part of nursing homes, surgery centers, and outpatient care.

How to Become a Physician Assistant?

Physician assistants assist the physician in medical tasks that require them to have top-notch knowledge of the field. You can become a physician assistant by:

  • Bachelor’s degree in a medical field
  • Pass the PANCE licensing after graduation

How Much Do Physician Assistants Earn?

Physician Assistants make around $121,500 per year or $58 per hour in the US. You may earn more or less as this salary is an average of varying wages.

Nurse Midwives

Nurse midwifery is one of the demanded APRN careers essential to gynae and obstetrics. Nurse midwives help women through pregnancy and childbirth. Most women request a midwife during childbirth to assist and comfort them through the process. Nurse midwives are properly educated about birth and its complications. Thus they also help with medical care. Midwives can also diagnose and treat medical conditions in women during other phases of life. They work at public health clinics, hospitals, and birthing centers or practice privately.

How to Become a Nurse Midwife?

Unlike common belief, nurse midwives obtain extensive education and experience to help people with their birthing experience. To be a nurse midwife:

  • Bachelor’s degree in nursing
  • Master’s program with a specialization in nurse-midwifery
  • Licensing

How Much Do Nursing Midwives Earn?

According to the Bureau of Labor Statistics, midwives earn $114,210 annually on average.

Veterinarian

Being a veterinarian is one of the most in-demand medical degrees that pay the most. It is the best choice for animal lovers especially. Veterinarians are commonly known as animal doctors or vets. They specialize in animal healthcare and wellbeing. Veterinarians also specialize in surgery, dentistry, surgery, etc., to provide the best care to animals. They usually work in animal hospitals, veterinary clinics, farms, and zoos.

How to Become a Veterinarian?

Unlike other medical careers, Veterinarians do not necessarily require a bachelor’s degree to apply to a veterinary school. However, getting a bachelor’s degree in a medical or science field is recommended. It allows you to tick all the boxes, such as internships. The necessary requirements for becoming a veterinarian include:

  • Internship
  • 4-year veterinary education
  • Clinical exposure
  • NAVLE Licensing Exam

How Much do Veterinarians Earn?

Veterinary doctors make $100,000+ on average annually in the USA.

Physical Therapist

Physical therapists, also known as physiotherapists, are medical professionals licensed to treat musculoskeletal injuries. They work with patients to help them recover after a musculoskeletal system injury. They majorly contribute to improving movement, regaining mobility, and pain management. Physical therapists are a part of a wide range of healthcare systems, from hospitals to rehabilitation centers, sports facilities, and schools.

How to Become a Physical Therapist?

The path to becoming a physical therapist is similar to other high-paying medical professions. They all require a bachelor’s degree in medicine, so you have the basic skills and understanding. After your bachelor’s, you need the following education and experience.

  • Doctor of physical therapy (DPT) program
  • Clinical experience
  • NPTE Licensing Exam

How Much do Physical Therapists Earn?

Physical Therapists earn $95,000 per year.

Speech Language Pathologist

Did people around you tell you not to opt for speech therapy as it does not pay as much as other medical professions?

Well, it is among the top 20 medical degrees that pay the most. Speech pathologists help people with speech issues such as stammering, stuttering, delayed speech, etc. They also assist patients with swallowing disorders. Speech-language pathologists are licensed to diagnose patients and help improve communication. They usually work in hospitals and rehabilitation centers.

How to Become a Speech Language Pathologist?

The degree of speech-language pathologists does not require education in a medical field prior to the program. To become a Speech Language Pathologist, you need:

  • Bachelor’s in Communication Sciences and Disorders
  • Master’s degree in Communicative Sciences and Disorders or Speech-Language Pathology
  • Postgraduate fellowship
  • Speech Pathology national exam and license

How Much do Speech-Language Pathologists Earn?

Speech-language pathologists make around $80,480 annually in the USA.

The Bottom Line

Medicine is a vast field with numerous options to choose from. Many of these professions pay more than $100,000 annually, which is considered a fairly good income. You can choose from being a physician, psychologist, pharmacist, optometrist, pediatrician, nurse midwife, nutritionist, and many more. Some medical jobs that pay the most include physicians, surgeons, anesthesiologists, pharmacists, physician assistants, nurse practitioners, speech-language pathologists, etc. You can choose the one that interests you the most and follow your passion.

When you follow your passion, money comes along effortlessly!

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

Filed Under: Career

Difference Between PCT and CNA

Last Updated on September 23, 2023 By Methew Harbor Leave a Comment

The healthcare industry is so vast, with so many career options to choose from. If you are looking for an option to start your healthcare career as soon as possible then Patient Care Technician (PCT) and Certified Nursing Assistant (CAN) are two great career options. As these professions do not require spending many years in schools you can start your professional career as PCT and CNA very soon.

Doctors and nurses work in collaboration with PCTs and CNAs to provide the best care to patients. Now, most people think that the two are the same however there are some differences between the two and their duties may vary from state to state. Continue reading this article to find out about the major differences between these two healthcare professions.

Who is a Patient Care Technician (PCT)?

PCT performing phlebotomy

A patient care technician is responsible for providing basic care and assistance to patients in hospitals and other healthcare settings such as rehabilitation centers, cancer centers, etc. They are comparatively more trained and skilled than the CNAs. In addition to providing care to patients, they can also perform some simple medical procedures. The duties of PCTs are independent however they still need to report to doctors and nurses.

Who is a Certified Nursing Assistant (CNA)?

A certified nursing assistant is considered to be an entry-level caregiver. They also provide basic care to patients in nursing homes and other healthcare facilities. They help the patients to perform everyday tasks such as bathing, dressing, etc. Most of their time is spent with the patients and they are supposed to observe their progress, provide them the emotional support they need, and report everything to the nurses or supervisors.

healthcare worker checking blood pressure

CNA vs PCT – Primary Differences between the Two!

Here we shall talk about all the differences between the two professions, their job descriptions, duties, educational requirements, salaries, and more.

Difference Between PCT and CNA

These two terms, PCT and CNA often overlap and there is some confusion about the difference between the two professions. But it should be noted that there is a major difference between the two depending upon their duties and the levels of patient care they provide.

PCTs are more skilled and trained than CNAs and are responsible for performing some specialized tasks as well in addition to providing basic patient care. These specialized tasks include performing ECG, inserting catheters, administering IVs, etc. Whereas CNAs are in contact with the patients much more than the PCTs. Their main task is to provide basic care and comfort to the patient. They are supposed to improve the quality of life of the patients. Their tasks are much simpler than PCTs such as measuring the vital signs, changing the bandages, etc.

Responsibilities

PCT AND CNA differ in terms of their duties and responsibilities. The duties of both of them are described here in detail.

Duties of PCT

The following are the duties and responsibilities of a patient care technician:

  • The duty of PCT involves administering medications to patients.
  • They are authorized to perform advanced procedures such as inserting catheters and removing stitches.
  • They can draw blood which is called phlebotomy.
  • PCTs can insert IVs.
  • They can provide first aid.
  • They are trained to perform CPR.
  • A PCT is also responsible for collecting specimens for diagnostic testing.
  • PCTs are also able to perform ECGs.

Duties of CNA

The following are the duties and responsibilities of a certified nursing assistant:

  • They are responsible for measuring patients’ heart rate and blood pressure.
  • They monitor patients’ diets and help them to eat.
  • CNAs also assist patients while bathing and using the washroom.
  • They make sure that the patient is comfortable and help them to move around safely.
  • A CNA also helps the patients get dressed and helps them with different exercises.
  • They also change the dressings or bandages.
  • CNAs are supposed to answer patient call bells.
  • Entering billing information is also the task of a CNA.

Educational Requirements

The basic education requirement is the same for both professions however one has to get specialized training and diploma to be a certified PCT or CNA. The educational requirements for both the professions are mentioned here.

Educational Requirements for PCT

You will need a high school diploma or a general education development (GED) equivalent to enroll in a certified PCT program. First, you need to get a high school diploma with courses like:

  • Medical terminology
  • Biology
  • Anatomy
  • Physiology
  • Introduction to Healthcare

After getting the high school diploma, you can apply for the Certified Patient Care Technician exam through the National HealthCareer Association’s website. This exam includes 100 questions and passing this exam shows that you can provide basic patient care and qualify as a patient care technician. The questions are related to the following five categories:

  • Patient care
  • Compliance, safety, and professional responsibility
  • Infection Control
  • Phlebotomy
  • EKG

Earning a PCT diploma takes longer than getting the certification for nursing assistants. The training of a PCT is more extensive than a CNA. Although different allied healthcare programs take a year to complete you can get a PCT diploma in almost 34 weeks.

Educational Requirements for CNA

The requirements for becoming a certified nursing assistant include passing the GED or getting a high school diploma. After that, you can take the nurse aide license exam by applying through the state agency. Passing this exam will qualify you as a certified nursing assistant. The exam includes written and clinical portions to judge skills such as:

  • Hand washing
  • Taking and recording patients’ vital signs
  • Demonstrating positive interaction with patients
  • Daily living activities
  • Anatomy and physiology
  • Communication

The CNA training programs are usually 4 to 8 weeks long and becoming a certified nursing assistant is considered to be the quickest way to enter the healthcare profession. If you plan to work in higher-level nursing roles then you will need to get some other certifications which will require more time.

Salaries

Both professions offer good salary packages however there is a little difference between the income of a PCT and a CNA. Read below to find out about the average annual salaries for both professions.

Salary of PCT

According to Indeed, an average patient care technician earns more than $17 per hour which makes an average salary of $46,000 per year. However, with more experience PCTs can earn higher salaries. A PCT with over 6 years of experience can earn up to $50,898 per year.

Salary of CNA

According to Indeed and the Bureau of Labor Statistics (BLS), an average certified nursing assistant earns more than $15 per hour which makes an average annual salary of $32,000. More than 10% of highly experienced CNAs can earn up to $45,071 per year.

Career Options

There are several career options after getting a diploma for PCT and CNA. We have shared here a variety of career options for both professions individually.

Career Options for PCT

There are many career options to choose from after getting a PCT diploma. These include:

  • Phlebotomy Technician
  • Medical Assistant
  • Surgical Technologist
  • Dental Assistant
  • Medical Billing Specialist
  • Sterile Processing Technician
  • Surgical Nurse
  • Clinical Specialist
  • Dialysis Technician
  • Intensive Care Nurse
  • Home Health Aide

Career Options for CNA

Similarly, with a CNA diploma, there are plenty of career options in different healthcare sectors. These include:

  • Licensed practical nurses (LPNs)
  • Registered nurses (RNs)
  • Healthcare specialists in related fields
  • Nursing Home Administrator
  • Geriatric Care Manager
  • Nurse Educator or Professor
  • Nursing Technician
  • Nursing Assistant
  • Nursing Unit Clerk
  • Nursing Attendant
  • Nurse Aide Evaluator

Tips for Choosing Between PCT and CNA

Choosing a healthcare career can get confusing with so many options. However, which career you want to pursue depends entirely on your personal preferences, goals, and situations. Here are some important factors to consider before choosing between PCT and CNA.

Salary Preference

Firstly, it depends upon how much salary you are hoping to earn. CNAs usually earn less than PCT, so make sure to choose between the two after considering their incomes or salaries.

Healthcare Setting Preference

Make sure you know in which healthcare setting you want to work. CNAs mostly work in nursing homes and hospitals whereas PCTs are likely to work in clinics and doctor’s offices.

Training Preference

PCTs have to go through extensive training as compared to CNAs, make sure you know what level of training you are ready to get.

Level of Care Preference

Before choosing between PCT and CNA, the most important thing to consider is what level and nature of care you are ready to provide to the patient. CNAs provide more hands-on care to the patients such as bathing them and dressing them. Whereas PCTs also provide basic care but their main tasks involve administering procedures and maintaining records.

The Bottom Line

The healthcare industry offers many career options for everyone. The two main entry-level healthcare professions include patient care technician (PCT) and certified nursing assistant (CNA). Many people get confused between the two professions as both of them collaborate with doctors and nurses to provide basic healthcare. But the major difference between the two is that PCTs are authorized and trained to perform some basic medical procedures such as administering the catheter, IVs, and performing ECGs. On the other hand, CNAs are involved in providing more hands-on care to patients such as helping them with their everyday tasks. Both of these professions are extremely important in the healthcare system, make sure to choose the correct profession after reading this article.

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

Filed Under: Career

How Much Money Does a Lawyer Make?

Last Updated on June 7, 2023 By Methew Harbor Leave a Comment

You might have seen lawyers in different fictional shows and always admired them by their personalities and lifestyle. These fictional depictions may not be completely accurate. Although they do have a great lifestyle for that, they have to work hard and have huge responsibilities. Without them, the law might not withhold in any country and they play a significant role to uphold this law and order. He or she is a licensed individual with a law degree who advises and represents others in their legal matters.

While watching all these law shows and even looking at the lawyers in person, one question might have come across your mind, ‘’How much money does a lawyer make?’’ Well, the answer to this may vary depending upon factors, such as their location, the firm they are working for, the type of law they practice, and the type of industry they choose to practice. According to the Bureau of Labor Statistics, lawyers have a mean annual wage of $163,770. This is almost three times more than the average annual wage in the United States which is $51,960.

In this article, we will delve into all the information about this respectable and highly paid profession. We hope this article will prove helpful for you to decide whether this profession is worth it or not.

How to Become a Lawyer?

Some professional requirements must be fulfilled before practicing law in any state or country. The person has to go enroll in a Law school to earn a proper law degree. The requirements to become a lawyer are mentioned here:

  • You must have a Bachelor’s Degree
  • You must complete three years of education from an ABA-accredited law school
  • You must pass the bar examination. The exam tests the knowledge of law, ethics, and responsibility
  • You must pass a character and fitness review
  • You shall have to take an oath, swearing to support the law and constitution
  • Then you will receive a license from the state’s supreme court

After fulfilling all these requirements, you will be able to practice law and start making money from it. It should be noted that after getting a license from one state you may not be able to practice law in other states. You might have to pass that state’s bar admission requirements to practice law there.

How Much Money Does a Lawyer Make?

The amount of money a lawyer makes depends on many factors including their experience, their location, the type of law they practice, and where they work. According to the Bureau of Labor Statistics, the median salary for this profession is $127,990. Nevertheless, not every lawyer needs to earn a six-digit salary. A lawyer who is just starting his career might not earn so much. He or she will have to be trained first and gain experience to earn the highest salary. At the entry level, the median annual salary is $59,700. But after getting an experience of 10 to 15 years, the salaries can increase up to $100,500. The highest-earning lawyer has a median annual salary of $208,000.

The amount of money they make also differs with whether they are working in public or private sector. The lawyers working in the public sector have comparatively lower wages. On the other hand, lawyers in the private sector earn more if they are working on their own or with a big private law firm. Their salaries depend on the size of the law firm, for example, a law firm with more than 700 lawyers will offer a median salary of $190,000 to their first-year associates.

What are the Duties of a Lawyer?

The lawyer advises and guides their clients regarding legal and judicial matters. They help them to reach a settlement in the case he represents them. They perform several duties that are mentioned below:

  • They analyze and research legal matters.
  • They advise and represent their clients in courts and all private legal matters.
  • Communicates effectively with clients, judges, and other attorneys.
  • They interpret and understand the laws and rules applicable to a certain matter.
  • They argue on behalf of their clients in front of the judge and also present facts in court.
  • They also prepare and file legal documents such as contracts, wills, lawsuits, and appeals.
  • Lawyers advise and counsel their clients about legal matters and help them to choose the right course of action for any personal or legal matter.
  • Lawyers are also responsible to manage other staff including legal assistants, paralegals, and legal secretaries.

What are the Highest Paying Industries for Lawyers?

The amount of money a lawyer makes depends on the industry they choose to practice law. According to the Bureau of Labor Statistics, lawyers working with the Federal Executive Branch of the government have an average annual salary of $147,100 whereas lawyers working for state governments have an average annual salary of $101,110. Different industries have different wages for lawyers. Some of the highest-paying industries for lawyers include:

IndustriesSalaries
Scientific Research and Development Services$230,330
Information Services$235,280
Aerospace Product and Parts Manufacturing$220,720
Computer and Peripheral Equipment Manufacturing$227,290
Engine, Turbine, and Power Transmission Equipment Manufacturing$220,270
Newspaper Publishers$235,630
Audio and Video Equipment Manufacturing$214,330
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing$208,690
Monetary Authorities-Central Bank$206,160
Electronic Shopping and Mail-Order Houses$207,200
Oil and Gas Extraction$206,470
Petroleum and Coal Products Manufacturing$204,600
Merchant Wholesalers, Nondurable Goods$202,020
Specialty hospitals – State government-owned$201,620
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures$201,180

Which Type of Lawyers Earn More?

The amount of money a lawyer makes also depends on what type of law he practices. Different types of lawyers make different amounts. Here are some of the types of lawyers who earn the highest according to ZipRecruiter data:

Lawyer Earn Money
Type of LawyersSalaries
Environmental lawyer$100,000 to $134,500
Chief legal officer$89,000 to $232,500
Tax lawyer$84,000 to $143,500
Health care lawyer$79,000 to $193,500
Contract lawyer$72,500 to $152,500
Patent attorney$95,500 to $179,000
Corporate Counsel$111,000 to $174,500
Employment Attorney$101,000 to $152,000

Highest Paying States in the USA for Lawyers

Apart from the firm size and experience of the lawyer, the location where the lawyer practices law also has a great impact on his earnings. Different states offer different wages to lawyers. Some of the highest-paying states in the USA are:

City, StateSalary
San Jose, CA$231,200
Oxnard, CA$163,560
San Francisco, CA$191,460
Midland, MI$164,430
New York, NY$183,870
San Diego, CA$165,480
Los Angeles, CA$177,550
Bridgeport, CT$171,100
Boston, MA$171,660

Other States Paying High Wages

Here is a list of some other states in the United States that pay well to the lawyers:

Other StatesSalary
Virginia$123,047
Arizona$145,750
Texas$150,250
New Jersey$139,020
Connecticut$153,640
Massachusetts$165,610
Colorado$147,560

So, if you are planning to get rich with your law degree, you should get settled in one of these states. These states pay high salaries to lawyers as compared to other states in the United States.

What are Other Career Options for Lawyers and Law Students?

After getting a law degree, there are plenty of career options for you other than being a lawyer. Many of you may choose other careers that will also pay well. Here are some other career options according to Indeed that you can choose after getting a law degree along with their national average salaries.

Career OptionsNational Average Salay/Year
Law Professor$53,706
Judge$78,041
Private investigator$43,905
Journalist$45,612
Special agent$71,833
Management consultant$73,801
General Counsel$123,813
Diplomatic agent$97,444
Real estate agent$94,100
Contract manager$82,537
Policy Analyst$78,653
Paralegals and Legal Assistants$58,330
Political Scientists$120,430
Legal Support Workers$73,000
Bailiffs$52,340
Arbitrators, Mediators, and Conciliators$62,350

Is it Worth it to be a Lawyer?

Being a lawyer or getting a degree in law sure seems to be very attractive, but before considering getting into it, it is important that you first consider all the possible facts. Whether such a huge investment in law school is worth it or not, whether your salary as a lawyer will outweigh the cost of your education. It all depends on you, which law school you choose, which type of law you choose to practice, whether you stay in the public sector or private, or whether you have the time and dedication that this profession requires. Thus, there is so much to consider before getting enrolled in a law school. Make sure that you have thought about all these things before you get admission to a law school.

Conclusion

Lawyers have a great reputation in any state or country. They play a role in advising and representing their clients in legal matters in front of the court. They help them to settle for their issues whether they are private or legal. Lawyers make a lot of money depending on their experience, location, the type of law they practice, the industry they choose to practice, and whether they are working in the public or private sector. According to BLS, these individuals have a mean annual wage of $163,770. Apart from being a lawyer, people with a law degree can opt for other careers, including professors, private investigators, paralegals, etc. But make sure to consider all the facts and costs required to get a law degree before you get into law school.

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

Filed Under: Career

Six High-Paying Jobs You can Get with a Business Degree

Last Updated on June 7, 2023 By Shayna Waltower Leave a Comment

Business programs make up the highest number of college graduates. The course is broad and teaches an array of skills. As a business major, your career can take many paths. Companies have a wide spectrum of roles that require a business degree. Of course, the positions available vary from one industry to another. Anyone planning to study business would like an idea of what the career options look like. An understanding of the best-paying jobs available for business graduates enables you to map out your career path and focus on sharpening specific skills. Here are some of the top positions for college graduates with business degrees.

Financial Manager

You are going to the PSB Paris School of Business and wondering which course to specialize in. If you are interested in business administration, accounting, finance or economics, then financial management is a suitable choice. A financial manager helps organizations with their financial health. You would ensure that all the money matters are on track. The position makes you responsible for steering a company towards its short- and long-term financial goals. Some of your roles include directing investment activities, assisting the management team with critical financial decisions and looking for opportunities, depending on market trends. The average salary for a financial manager is $131,000 a year.

Management Analyst/Consultant

Would you like to help different businesses realize their potential? Then, a management consultant might be the position for you. In this role, you would assist enterprises grow profits by showing them how to increase revenue and lower costs. As a management analyst, you work with a wide range of clients, enabling you to transfer skills across different sectors. The job involves solving complex challenges. Hence, you should be an excellent problem solver. Examples of the duties this position comes with are evaluating company performance, reviewing financial data and recommending suitable changes. You could earn between $93,000 and $95,000 per annum as a management consultant.

Marketing Manager

A business graduate interested in marketing can become a marketing manager. You would be part of a company’s public relations or marketing team. This position involves a lot of teamwork. So, you require the necessary disposition to be part of a unit. Creativity and analytical skills are important for a marketing manager. Your biggest responsibility is to sell the brand to customers. Hence, you must be good at building connections with the media, developing marketing strategies and managing marketing budgets. Experience in public relations or sales is an added advantage when seeking this position. On average, marketing managers earn $130,000 – $135,000 annually.

Research Analyst

With a bachelor’s degree in business administration, statistics or market research, you can secure an entry-level position as a research analyst. The job is all about studying and understanding the market. Before companies release products, they need to comprehend the trends on the ground. A research analyst provides these insights. You may work with marketing or sales teams to understand various aspects of a product. Other responsibilities include researching consumers and gathering customer data, evaluating competitors and predicting sales trends. You must excel in communication, problem-solving and math to succeed as a research analyst. The median yearly salary for a research analyst is $62,000.

Research-Analyst

Product Manager

Businesses need product managers to make their brands successful. Putting a new product on the market takes work. Understanding how effective the product will be for consumers is crucial, and that is the role that a product manager serves. You must comprehend the marketplace thoroughly to see how well a particular item or service will do. As a product manager, you must communicate with the sales and production teams at every step. Your role requires you to research customer sentiments about a product and recommend the required changes. The average salary for a product manager is $102,000 per year.

Fundraiser

You can study business and go on to make a rewarding career in the not-for-profit sector. If you are passionate about causes and want to help charitable organizations meet their objectives, then you can work as a fundraiser. The duties of a fundraiser go beyond collecting funds. It involves analyzing donor behavior, organizing campaigns to gather donations and crafting compelling messages. You have to work with volunteers in different areas of a foundation and maybe even train some. Communication, analytical and leadership skills are must-haves for a fundraiser. This position could earn you about $60,000 a year.

Business graduates have a plethora of career choices, some with attractive salaries. Your course says a lot about where you land in the business world. So, pick it wisely to ensure you do something you love.

Shayna Waltower
Shayna Waltower

is a seasoned business writer and expert, specializing in delivering concise and insightful articles. With over a decade of experience in the corporate world, She brings a unique perspective to work, offering practical advice and actionable strategies to help entrepreneurs, executives, and professionals navigate the complexities of the business landscape. Her writing combines a deep understanding of industry trends with a passion for empowering readers to achieve success in their ventures.

Filed Under: Career

The Crucial Differences between a Growth and Fixed Mindset

Last Updated on June 27, 2023 By Jason Obrien Leave a Comment

Can our mindset change the course of our lives? Or should we only believe in fate and innate talent to sail us through a sea of opportunities?

People Have Two Kinds of Mindsets: A growth mindset and a fixed mindset. As the name suggests, a person with a growth mindset believes they can develop their capabilities and talents over time.

The Other Kind: The people with a fixed mindset believe talent and capabilities are innate. The difference is simple, but its implications on the person’s life are drastically different.

Here are the five crucial differences between a fixed and a growth mindset that can highlight why a growth mindset is the best:

Motivation vs Avoidance

Because a person with a growth mindset believes that talent and capabilities grow over time, they are self-motivated to perform on jobs.

They even take the initiative and ensure they put in all their effort to achieve their goals. They are not afraid of failure and are ready to accept challenges and perform even when there is a risk of loss.

On the other hand, a person with a fixed mindset tends to avoid challenges and doesn’t want to take risks because they fear failure. Because of this mindset, they are unable to accept challenges.

If you’ve seen the film ‘Yes Man,’ you’ll see how Jim Carrey’s character experiences changes in his life after he begins to say yes to every opportunity he gets. This is the main difference between a motivated and a resistant personality.

Effort vs Inertia

Because a person with a fixed mindset doesn’t believe in developing capabilities over time, they think practice and effort don’t matter. As a result, in the growth vs fixed mindset debate, the growth mindset will always win because they will try to polish their skills.

They will even be eager to learn new skills and implement these learnings in life. As a result, they will outperform those unwilling to make changes.

In the business world, if entrepreneurs don’t want to explore new opportunities because they believe their employees don’t have the skills they need, they will almost always fail. For example, in this era when companies are using Big Data to make crucial business decisions, companies are making big changes.

If a company hires new employees with data analytics skills but doesn’t invest in training them to use new tools, the employee skills will get rusty, and the competitor will beat them.

In 2023, there are multiple tools that data analysts can use to analyze data. In 2024, the number will be even greater. Some tools will become outdated, while others will get software updates.

Adaption vs Failure

When a person with a growth mindset fails, they are ready to reflect on their failure. They are willing to learn from their mistakes and improve their performance at the next opportunity they get. However, those with fixed mindsets are quick to give up. They treat temporary setbacks as failures.

In the business world, they will abandon ship completely if they aren’t achieving the small milestones leading to a greater goal.

business men shaking hands

On the other hand, people with a growth mindset will adapt to change the small milestones and, in the end, achieve the big victory because they are willing to progress, take charge of the situation, and have an open mindset.

One might even label them as positive and negative thinkers.

Inspiration vs Comparison

When people with a growth mindset see others succeed, they don’t get jealous. Instead, others’ success inspires them to change themselves and bring themselves to the desired level. A person with a fixed mindset believes that a successful person has innate qualities that result in their success. They demean the effort and struggle the other person might have had to go through to achieve what is only visible as the tip of the iceberg.

Because of their jealousy, people with a fixed mindset often see other people as a threat. So, they might even resort to means like devaluing their success or saying to them that their success results from their luck.

Feedback vs Criticism

Ever heard of constructive criticism? People who have a growth mindset can decipher constructive criticism as feedback. They are also willing to improve on these rather than just giving up. But it is easier said than done.

Many of us resort to being fixed thinkers when we receive feedback. This is because we believe we put in the maximum effort possible and didn’t achieve the desired results. Often, if the way that the other person communicates the feedback is negative, we tend to think that the fault lies in our innate abilities.

A fixed thinker also takes well-communicated feedback as a personal attack. They believe that they cannot put in more effort.

This close mindset doesn’t allow them to think outside the box. Additionally, they don’t believe multiple ways to achieve a goal exist.

And because they don’t believe they can improve their capabilities, they can even resort to unfair means to achieve a goal. For example, at a job, a fixed thinker could present another person’s efforts and ideas as their own because they don’t believe they can do it themselves.

Shifting from a Fixed Mindset to a Growth Mindset?

If you believe you cannot shift to a growth mindset, you are someone with a fixed mindset. Even if you are, believing in yourself and your capabilities is important. No human was born with the ability to walk and speak.

Eventually, we learned how to do it. Similarly, ten years ago, we wouldn’t have been able to do the tasks we can now. So, scientifically, our brains are always growing, whether we believe it or not. But we might as well accept it; after all, it will yield many benefits and more opportunities for us in the future.

If you’re an entrepreneur, allow employee mistakes, but never discourage them from trying. Often, small businesses do not have the budget to allot mistakes. However, if one considers money as an investment and not as guaranteed success, they’ll make it big in the future.

Final Words

People with a fixed mindset don’t give due credit to practice, effort, and learning. As a result, they don’t achieve their goals and work on the opportunities that would give them success.

This article presents a different view on the differences between the two mindsets. It isn’t just belief in learning vs. belief in innate qualities. The implications of this mindset go beyond these few words.

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Career

Everything You Need to Start a Career in Accounting

Last Updated on May 22, 2023 By Jason Obrien Leave a Comment

Accounting is a field with vast opportunities and flexibility, ranging from traditional financial management to emerging roles in data analytics and financial technology. But before you can start to climb the corporate ladder, you need the right foundation of education, skills, a professional network, certifications, and tools. This article will provide you with essential information to ease your entry into the accounting profession. Keep reading to learn how to set yourself up for success.

Skills and Qualifications

Beyond formal education, accountants should develop a diverse set of skills and qualifications required by employers. At the forefront are strong technical skills in accounting software, such as QuickBooks or Microsoft Dynamics, as well as advanced proficiency in Microsoft Excel.

If you are searching for remote accounting jobs, being proficient in cloud accounting software like Xero or Wave will be particularly valuable. It’s also crucial to stay up-to-date with accounting regulations and standards, such as the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP).

In addition to technical expertise, accountants must also exhibit strong interpersonal and communication skills. Accountants frequently collaborate with colleagues across multiple departments and must be able to communicate complex financial concepts and data to non-finance professionals, both verbally and in writing.

Furthermore, developing problem-solving and analytical skills is crucial for accountants, as they play a central role in identifying inefficiencies, evaluating financial data, and making data-driven decisions that can impact an organization’s bottom line.

Professional Certifications and Tools

Obtaining professional certifications can significantly enhance your accounting career prospects. Globally recognized certifications such as the Certified Public Accountant (CPA), Chartered Accountant (CA), or Certified Management Accountant (CMA) can set you apart from the competition and demonstrate your commitment to the profession. Moreover, certifications can open up opportunities for higher salaries and specialized roles in the accounting industry, such as tax planning or financial consulting.

You also need the right tools and office supplies for accountants. In addition to accounting software, consider investing in secure and efficient cloud storage systems, project management tools, and document scanning apps to streamline your workflow and ensure the security of financial documents. Furthermore, maintaining a well-organized workspace with essential accounting offices supplies, such as calculators, file and tax folders, and notebooks, is crucial to managing your daily duties efficiently.

Education and Degree Programs

Starting a career in accounting begins with acquiring the right educational background. This often means earning a bachelor’s degree in accounting or a closely related field, such as finance or business administration. Those who desire to be accountants should be prepared to take courses in financial accounting, managerial accounting, taxation, and auditing, as well as other relevant courses in business, economics, and information systems. A solid understanding of core accounting concepts and best practices during this stage will help lay the groundwork for your professional growth in the field.

While a bachelor’s degree can be sufficient to start your accounting journey, many professionals choose to pursue advanced degrees, such as a master’s in accountancy or a master’s in business administration (MBA) with a concentration in accounting. Advanced degrees can unlock better job opportunities and higher earning potential. Those who aspire to top managerial positions or want to work in specialized fields within accounting, such as forensic accounting, international tax, or data analysis, may find a master’s degree particularly beneficial.

Documents Required for Online Education Loan

Professional Networking and Building Connections

Like any reputable profession, networking is essential for success in accounting. Connecting with other accounting professionals, attending industry events, and joining professional organizations can provide invaluable networking opportunities. These gatherings can help you build relationships with potential employers and colleagues and mentors and peers who can provide guidance, encouragement, and insights as you navigate your accounting career.

Use social media, especially LinkedIn, to establish a professional online presence and showcase your skills and experience. LinkedIn is an excellent platform to connect with other accounting professionals, follow industry news, and search for job opportunities in the field.

Starting a career in accounting requires a combination of education, skills development, networking, certifications, and access to the right tools. By strategically building your knowledge and experiences, you will be well-equipped to excel in the accounting profession and achieve a successful and rewarding career.

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Accounting & Taxation, Career

How Does Bail Bondsman Make Money

Last Updated on May 6, 2023 By Methew Harbor Leave a Comment

You might have sometimes heard, “Mr. ABC has been released on $30,000 bail” when the judge releases someone. As it seems, the bail amount is paid to the court on release. But what if someone does not have the money to pay the court?

They will have to stay in jail until the date court has set for the trial; a bail bondsman can help them release them even if they do not have enough money. So, how does a bail bondsman make money when helping defendants release from jail?

Let’s tell you everything about bail money, bail bondsmen, and how they make money.

What is Bail or Bail Money?

When a person is arrested for a crime or fraudulent activity, they are kept in jail until presented in court. Even after the initial presentation in front of the judge, they might set a different date for the trial.

To ensure the defendant does not have to stay in jail through this period, the court allows them to pay a bail amount. It works as a security deposit returned to the defendant if they stay compliant throughout the case proceeding.

The cash bail is forfeited if the defendant fails to appear in court for the trial.

How do Bail Bondsmen Work?

When a person is arrested and the court orders bail, they can submit it in cash, use a credit card to get a cash advance, or get help from a bail bondsman or bail bond agency.

While it might seem like you only require paperwork knowledge to become a bail bondsman, it requires you to be immensely vigilant. If your client does not appear in court during trial, it might be difficult to track them down.

Thus, bail bondsmen and agencies must run a thorough background check to ensure their record and the authenticity of collateral to avoid trouble.

How Does Bail Bondsman Make Money?

When a defendant has to pay a particular bail amount in court and they do not have enough cash, they ask a bail bondsman or agency to post the bail bond on their behalf.

A bail bond is a surety bond provided by the agency or bail agent to secure the defendant’s release from jail. The bail bondsman may prepare a criminal or civil bail bond per need.

A bail bondsman earns money by charging a fee on the bail bond, which is usually 10% of the bail amount ordered by the court.

For Example:

Let’s say the court has set the bail to $50,000 to release John. If John does not have $50,000 to pay to the court, as it is a high amount, he will contact a bail bondsman or agency to post the bail bond on his behalf.

The bail bondsman will ask John for $5,000 (ten percent of the total amount) to post the bond. However, the percentage may vary from state to state.

They secure the rest of the bail amount as collateral, including a car, home, or jewelry. The bondsman may also ask the defendant’s relatives if they do not have enough assets to present to the court.

Moreover, a few states, including Indiana, Kentucky, Maine, Massachusetts, Oregon, Tennessee, and Wisconsin, do not allow bail bondsmen to offer services to defendants. Instead, the court receives ten percent of the bail money through bail bonds.

Do Bail Bondsmen Make Good Money?

The average annual income of a bail bondsman in the US is around $43,400. Emerging bail bondsmen may earn as low as $25,000, which increases as they gain experience. Highly skilled and experienced bail bondsmen make up to $150,000 per year.

At the same time, the annual salary may vary depending on the state, education, certification, experience, etc. Most bail bondsmen make between $39,489 and $48,483 yearly.

As an agency, you can make significant money as the latest data shows the bail bond industry valuing around $1.9 billion in the US. Besides making money from usual cases like felony arrests that give you $1000 as profit per case, serious crimes with high bail amounts can add to the annual income significantly. The premium in cases with high bail amounts, such as a million dollars, have a lower premium, typically 1%; it still comes to around $10,000 for just one case.

How to Start a Bail Bondsman Business?

Start with researching to see if you can be a bail bondsman. Ensure you meet the requirements and take the pre-licensing course before taking the bail bonding license exam. Once you pass the exam, apply for the state license and register your bail bondsman business.

When dealing with new clients, check their background and criminal, employment, and financial history. As a beginner, working with first-time offenders with a high reputation is better as they are more promising.

person hand holding dollar's

How do Bail Bondsmen Get Their Money Back?

When the Defendant Does not Appear in Court

In some cases, defendants opt for a bail bondsman to get away with court proceedings and not have to stay in jail.

But what do you do as a bail bondsman if your client does not present in court?

The defendants who fail to appear in court owe the bondsman the full bail amount. They will also have the right to the collateral securing the bail bond.

Yet, most bondsmen stay in touch with their clients and remind them about the trial dates to ensure they visit the court. In case of missing the court date, the judge can issue an arrest warrant for the defendant.

When the Defendant Appears in Court

Well, if the defendant complies with the court orders and attends the proceedings, they will receive the full bail amount posted by the bail bondsman. However, the fee paid to the bondsman is nonrefundable.

Do All Defendants Need a Bail Bondsman?

No, defendants do not need a bail bondsman if they can arrange the money on their own. They may use their credit card given that they can pay back in time. Alternatively, asking relatives to loan money can prevent them from giving extra money to the bail bondsman or agency. However, as most people cannot arrange that sum for the court, they connect to a bail bondsman or agency; some defendants decide to stay in jail until their trial.

Do all Defendants have to Pay Bail?

Every defendant the court orders to pay bail has to. Nonetheless, they can request a bail reduction to the court within five days of the order. The duration may vary for different states and regions.

The Bottom Line

Being a bondsman requires passing a licensing exam to obtain your license. But you can make good money once you are in the business. A bail bondsman earns $43,400 on average in the US, with salaries ranging between $39,489 and $48,483. Beginners usually make between $25,000 and $30,000, whereas the experienced earn up to $150,000. Bail bondsmen earn by taking 10 to 15% of the total bail amount as their fees. The fee percentage may vary in different states.

FAQs

How much do bail bondsmen make an hour?

The hourly pay for a bail bondsman in the US is between $19 and $23, depending on location, qualification, skills, and expertise. However, the average hourly wage is around $21 for bail bondsmen.

How much does a bail agent make in California?

California is one of the highest-paying locations for bail bondsmen. The average salary of a bail bondsman in California is $48,619, while the pay ranges between $44,239 and $54,312.

How much do bail bondsmen charge?

The standard fee of a bail bondsman is 10% of the total bail money, but the amount varies for states. For example, some states do not allow bail agents to charge more than 8%. In other regions, they may charge up to 15%.

Do you get the bail money back?

Yes, the defendant gets the bail money back even if found guilty. However, the court might impose heavy fines depending on the charges.

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

Filed Under: Career, Investment & Money

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