11 November 2014
Change Your Major - Or Change Your School? How to Decide
03 January 2014
An Introduction to Econometrics
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05 December 2013
Becoming A Computer Science Major
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08 November 2013
Mobile Computing Offering a Pool of Opportunities to Graduates
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31 October 2013
Are You Considering an HR degree?
Why do We Need HR Business Partners to Maintain our Bloodstream?
What do They Do For the Organizations?
Do They Actually Bring in a Competitive Edge?
How Much do
They Earn?
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What are Their Major Job Specifications?
- Work directly with line managers and their teams in implementing the HR policies to enhance performance achievement
- Implement agreed priorities and HR initiatives, ensuring that initiatives are implemented effectively
- Ensure staff are recognized based on performance
- Implement reward plans for the business and support the annual pay review process. Ensure grievances are handled in accordance with the group policies
- Ensure headcount and succession planning of the business is in place
- Line management is aware of the values and qualities a potential candidate should have
- Support business leaders in developing solutions to solve capability gaps using internal/ external levers
What Sort of Education and Certification do They Require?
Guest Post Contributed by: Richard Sandlar of onlineedublog.com
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02 July 2013
Computer Science Majors and Alan Turing
Turing's Mathematical Beginnings
Turing was always exceptionally adept at mathematics. He was known in school for being able to easily solve complex mathematical equations with ease. He was also very interested in science and proved equally talented in that area. He followed Albert Einstein's work closely and even added to it with some of his own highly evolved questioning.
The Turing Machine and Computational Numbers
His association with computer science began in 1936. He was 24-years-old at the time. It was then that he began working on computational numbers. He did so through the publication of an academic paper on the subject and applied computational numbers to the Entscheidungs problem. This paper laid the foundations of the Turing Machine that came later and was famous for being one of the first machines to be able to compute numbers and algorithms. Turing machines could decipher the logic of any algorithm using the computational numbers theory as a foundation.
Two years after delving into computational numbers, Turing obtained his Ph.D. degree from Princeton. His dissertation discussed the theory of relative computing. He went back to Britain and used his work with the Turing machine and his conceptions on relative computing to help the British government break German codes during WWII.
However, code breaking was not his only activity at this time. He also found time to design a machine called the Bombe that allowed the British to break German codes more swiftly. The U.S. Navy also made use of the Bombe for code breaking. This invention proved instrumental in many British and U.S. victories against the Germans during WWII.
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Artificial Intelligence and Alan Turing
After the war, Turing began teaching and doing research at Manchester University. He wrote a paper on the problem of artificial intelligence in 1950. This was long before most people ever conceived of such things. The paper focused on the problem of the development of computers that could think and act on their own at the level of human intelligence. To combat the potential problem of artificial intelligence run amok, Turing proposed that computers be built with intelligence at the level of a small child and then be trained and educated so that the machines did not become dangerous. The famous Turing Test was derived from this paper. It is a test to measure the intelligence of a machine.
Turing's Continuing Influence on Computer Science Today
Though Turing sadly died while still at the peak of his career; his legend lives on. The Turing Award was conceived and named after him in 1966. It is awarded annually to individuals who have made an outstanding contribution to the field of the computer science. It is a prestigious award and is the world's way of honoring the man who laid the foundations of the computer-based society we live in today.
Byline
Stephen Normandy is a computer junkie who often writes on computer science, laptops, laptop accessories, gadgets and other related subjects; laptop owners may want to view the kensington laptop lock by visiting kensington.com.
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28 May 2013
Accountant Job Satisfaction
While accounting may appear to be a career that lacks in overall employment satisfaction due to a perceived tediousness, there are studies and surveys that suggest that crunching numbers may be more fulfilling than individuals may speculate.
According to a U.S. News and World Report annual 100 Best Business Jobs of 2013 survey the top five jobs based on data provided by the U.S Bureau of Labor and Statistics (BLS) are:
1. Market Research Analyst
2. Financial Adviser
3. Accountant
4. Compliance Officer
5. Bookkeeping, Accounting, & Audit Clerk
BLS data further shows that the median pay for accountants is around $61,690 (2010) or $29.66 per hour and that the number of accountant jobs in 2010 was 1,216,900. An employment change for 2010-2020 shows that an additional 190,700 are expected to be added for a total growth rate of 15.7 percent.
Are Accountants Relatively Satisfied with their Career?
Based on the BLS and US News information, one would believe that being an accountant is a very good career choice that pays well and offers stability and opportunities for growth. The role of the
The existence of five big and four narrow traits determined the career satisfaction of an accountant. These traits (by "big" and "narrow") are:
Five Big Traits of Accountants
1. Agreeableness/Teamwork
2. Conscientiousness
3. Emotional Stability
4. Extraversion, and
5. Openness
Four Narrow Traits of Accountants
1. Assertiveness
2. Customer-Service Orientation
3. Optimism, and
4. Work Drive
This suggests that the need for new accountants in light of the Bureau of Labor and Statistics projection of nearly 200,000 new accountants for the profession by 2020 requires recruiters to focus on those individuals in possession of the above traits.
Big Five Personality Traits as a Predictor of Accounting Career Satisfaction
Personality tests have been administered by human resources professional, such as the well-known Meyers-Briggs Type Indicator (MPTI) as a way to assess ability and determine if a candidate will fit in the work environment. The big five traits are an adaptation of standard personality tests applicable to the workplace. Of the five big traits, emotional stability, which relates to a person's emotional state on the job and their ability to adjust to their surroundings and function, especially when faced with stress and pressure, had the highest correlation to career satisfaction for accountants.
In addition to a high pay rate, accountants are also equipped with a steady employment rate that is expected to increase in the coming years. In an economy with an uncertain outlook, accountants and other similar positions are afforded job security rather than high unemployment rates. These factors, combined with personalities that function well under the conditions required for the position, are reasons that accountants have a high career satisfaction.
Ray Pilkington is a freelance writer based in Biloxi, Mississippi who concentrates his writing career on personal finance, taxation, tax reform, savings, economic development and other related topics; to learn more about taxation view the following information on R&R Income Tax.
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10 May 2013
Industrial Engineering: A Failsafe Degree?
Individuals seeking a new career path in the engineering field may contemplate earning a degree in industrial engineering, believing this industry offers failsafe job options. Are the job prospects as positive as most individuals believe them to be, especially in the present struggling workforce?
What They Do
Industrial engineers focus on the design, development, implementation, and improvement on integrated systems, taking into consideration people, information, materials, energy, and equipment. From the factory assembly lines to hospital operating rooms, industrial engineers help improve complex processes to eliminate wastefulness in a wide range of industries and production processes.
Opportunities
Industrial engineering offers individuals a wide range of career possibilities. The greater your experience and qualifications are, the more job opportunities are available to you; however, with the multitude of choices and much-needed commitment required in this field comes tough decisions that could impact your prospects. In order to increase your chances of finding a position as an industrial engineer, you need to focus on opportunities that are best suited to your strengths and skills, allowing you to be the most effective.
Industrial engineering is predicted to increase by approximately six percent between the years 2010 and 2020, which is less than the overall occupational average; however, being versatile in both the pertinent industries and work nature, industrial engineers are attractive to most employers because their work can help businesses increase efficiency through cost control. Besides playing a crucial role in providing a corporation with a competitive edge, industrial engineering offers individuals many positive prospects in this career.
Career Versatility
Industrial engineering offers a wide range of career choices. Because industrial engineers do not specialize in a specific field, as do other engineers, they can seek employment in various industries such as hospitals, major manufacturing industries, research and development corporations, and consulting and engineering services.
Industrial engineers focus on reducing a company’s internal costs, which makes them a valuable asset to even the fastest growing industries. For those contemplating industrial engineering as a career choice, individuals need to take into account that finding a job in this industry may be hindered because many employment opportunities in manufacturing industries are projected to decline or only slowly grow through over the next few years.
Exceptional Pay
Those who are seeking a position as an industrial engineer can expect to earn a decent annual salary. The median annual salary for an industrial engineer was approximately $76,100, as of May 2010. Median annual salaries for industrial engineers in the top employing industries as of May 2010 were as follows:
• Semiconductor and electronic component manufacturing - $83,620
• Navigational, electromedical, control instruments, and measuring manufacturing - $81,850
• Engineering, architectural, and related services - $80,990
• Aerospace parts and products manufacturing - $80,940
• Automobile parts manufacturing - $72,840
Promotion Opportunities
After obtaining the proper amount of experience, it is not uncommon for industrial engineers to be promoted to a managerial position. For those who are seeking a management position, industrial engineering offers an easy solution. Aspiring industrial engineers obtain similar business training and education as business students, and many times industrial engineers will minor in sales or businesses administration. Additional math, technology, and science training make industrial engineers more marketable to employers, and many will complete their educational experience by earning an MBA.
Nigel Cunningham is a writer and blogger currently penning articles for Allight Sykes, a company which supplies a range of products such as light towers, mining pumps and other equipment.
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16 April 2013
Degree in Petroleum Engineering
Currently, the Bureau of Labor Statistics (BLS ) estimates that there are over 30,000 petroleum engineers employed in the United States. The job opportunities for petroleum engineers are expanding at a robust 17 percent with over 35,000 positions expected by 2020. In addition, job openings due to retirement and other sources of attrition help ensure a wide range of opportunities for individuals seeking to enter this field. The BLS has also determined that petroleum engineers enjoy excellent salary and benefit packages, with the median annual salary for a petroleum engineer exceeding $114,000, while the upper 10 percent of engineers earn over $166,000. In many cases, these wages do not take into account very generous vacation, housing, and medical plan options.
Get Them Before They're Gone
However, because the market for petroleum engineers is such a competitive one, and obtaining a skilled staff so vital to the effective exploitation of petroleum resources, many companies prefer to hire students before their graduation in order to avoid the risk that another business will secure the student’s services first. In addition, this competitive job market helps ensure that students and graduates alike can obtain very promising compensation and professional packages as a part of their hiring contract.
High Demand means High Value
The growing demand for petroleum engineers is largely due to two factors. The first is the continued growth of the national and international energy development sector. The need for petroleum engineers, whether it is to work in traditional oil fields or to work in research and development for more efficient methods of oil extraction, has created an insatiable demand for highly qualified employees. Because of the specialized knowledge and skill base required to work in the petroleum industry, retraining other engineers for this field is unfeasible in most cases.
In addition, the highly skilled faculty needed to train students in petroleum engineering has created a bottleneck in the supply of new graduates. From 1957 until the last decade, enrollment in petroleum engineering programs suffered a steady decrease in class sizes. When coupled with retirement and other sources of attrition among currently employed engineers, this educational decline contributed to the current shortage of qualified petroleum engineers. While many schools are attempting to expand their programs, the need to secure experienced instructors and facilities places a limit on how quickly these programs can expand.
Although it is likely that the supply of graduates will eventually match the current demand, for the foreseeable future, petroleum engineering students will continue to enjoy excellent job and salary prospects offered by employers who continue to face a shortage of qualified engineers. Furthermore, the continuing expansion of petroleum extraction operations into previously untapped areas, coupled with the growing energy demands of the developing world, make it certain that this career field will continue to experience robust growth. This makes becoming a petroleum engineer an excellent choice for students seeking a secure career in today’s business environment.
This piece was written by Eric Satterberg, a freelancer who concentrates on education, engineering, mathematics, science, oil and gas, energy, alternative fuel sources and other related issues; to learn more about engineering visit Audubon Engineering.
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02 April 2013
What Math Must an Accountant Master?
The Work of Certified Public Accountants
The work of the CPA is essential in every business and government entity. They audit, analyze, and compute taxes and give advice to businesses, governments, and individuals that conduct business in the United States. They use ratios, percentages, and comparisons to determine the entity’s financial position and advise management about the best course of action to improve their financial position. Before engaging in work as a CPA, candidates must pass a state examination.
Sections of the CPA Exam
The four sections of the CPA examination are auditing, business environment and concepts, regulation, and financial accounting. You may choose the order in which you take the sections, but you must successfully pass all four sections within 18 months.
Noting the various sections of the CPA examination, you may conclude that the only section requiring mathematics is the financial and recording section. The other sections test the candidate’s knowledge of law, ethics, and business strategy.
Financial Accounting and Reporting
This section contains material learned in college accounting classes from basic accounting through cost/management accounting. In addition, governmental, nongovernmental, and not-for-profit accounting material is covered. Financial statements, typical business transactions, and accounting concepts are covered.
A class in business mathematics is sufficient to prepare the CPA candidate to pass the examination. For example, the successful candidate knows that current assets divided by current liabilities yields the current ratio. The ability to interpret the significance of the ratio distinguishes the quality of the accountants.
Comparing Financial Statements
The accountant compares income statements and balance sheets to determine what the business entity has done during the past years. The difference between each asset, liability, and equity account balance shows the increase or decrease of the account between the years. The accountant may divide the total into the individual accounts to determine the percentage for each account. A basic business mathematics class prepares the accountant for making these computations.
Cost Accounting
Regardless of the system used, the accountant uses basic mathematical skills for cost accounting. Addition and subtraction are needed to determine inventory values, and division is used to determine unit cost. The desired profit is determined and is computed using basic mathematical skills.
Taxes and Payroll
Basic mathematical skills are used to compute depreciation, taxes, and payrolls. The IRS has determined the methods used to compute depreciation and payroll taxes. In addition, the IRS also provides charts to determine the amount of depreciation for each year of the asset’s life.
Industry Standards
The CPA compares the various ratios and financial statements with the industry standards. By making these comparisons, the accountant will know how well the entity is doing. He or she will be able to determine what the entity needs to do to improve its position in the industry.
Conclusion
The work of the CPA requires an analytical mind to analyze financial statements and other reports. The mathematical skills necessary to complete these reports require basic mathematics.
Robert Penny writes on education, accountancy, mathematics, higher learning and other kindred subjects. Those curious about accounting jobs can learn a great deal more about accounting jobs with moneyjobs.com.
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