Categories
Budgeting

What Are Your Career Training Options?

The economy is in a recession, unemployment is on the rise, companies are consolidating, and the number of new jobs being created are few and far between. Career training has always been an important tool for helping further your job skills, but it may now be a necessity more than an option. The current employment market is demanding the best of the best, and having the appropriate career training can help place you in that top category.

Career training is a widely defined area, as it differs for each person and career field. Certain fields require specific training. Nurses, doctors, x-ray technicians, psychologists, and other medical specialties may require career training to keep up their licenses and certifications. Medical training can involve learning new techniques or about new medicines. Mechanics, pilots, and engineers may require training that involves new machinery, the use of new tools, and innovative ideas for the workplace. Not all career training classes are career field specific. Classes such as budgeting, management, and organization and time management are training classes that can be useful for many different specialities. General training on leadership and working effectively with others can help benefit you as an employee and the company as a whole.

Enrolling in career training can be as simple as calling your training department and enrolling in a provided class. Depending on your company and their training policy, job training may be just that simple. Not everyone is fortunate enough to have an employer that will provide and pay for career training, which can be expensive, especially if the fee comes out of your pocket. If your employer does not offer training, check with your local career organization, union, trade magazine, fellow employees, or the internet to find out the different types of career teaching available to you. Depending on the cost of the course, financial aid may be available. Do not let the initial cost turn you away. Make sure you know the benefit of the course, and how that will relate to the cost. While it may seem unnecessary to pay money for training, it may help you to get a raise or find a higher paying job.

Career training does not have to be limited to the field of work you are currently in. If you are unhappy with your career choice or are considering a change, looking into training for other areas that interest you is an excellent way to test the waters for switching careers. You will be able to expand your horizons, gain training in many different areas, and consider many different alternatives for career choices.

Career training is an excellent option for those who are looking to strengthen their position within their current company, strengthen their skill sets, or to learn new techniques. Career retraining is also an excellent option for those people who are interested in looking at other alternative career fields. No matter your situation and reason for considering career training, it is definitely an option that you should consider for your long term employment potential.

Categories
Investing

Eight Tips For Launching Your Real Estate Investing Career

Eight Tips for Getting Started in Real Estate Investing

Introduction

This article is just the basics for getting started in real estate investing. This is not a how to article but an article that gives you some information about things to do to get started. Everything in this article is tools that can be applied to helping anyone get started in real estate investing. I am going to give you my eight keys to getting started. Nothing is right or wrong but reflect the point of view of the author. Laws and legal practices vary from state to state, and laws can change over time. The author does not vouch for the legality of his opinions, nor is there any intent to supply legal advice. The author strongly encourages the reader to consult with professionals and an attorney prior to entering in any real estate transaction or contract. The author is not a writer but he is a real estate investor. There will be grammar mistakes and errors, so don't be too critical of the grammar but focus your energy on what is being said. With that said prepare yourself to think a little differently and expand your mind. Let's get started on an amazing adventure.

The Eight Tips are as follows

1. Desire
2. Goal Setting
3. Learning What To Do
4. Attending a Real Estate Investing Seminar
5. The Billings Montana Market
6. Finding a Mentor
7. Your Real Estate Team
8. Just Do IT

1. Desire

Before we get in to the bolts and nails of real estate investing in I want to talk to you about desire. If you are going to be successful at anything in life including real estate investing you have to have the desire to do it. Desire is defined as longing or craving, as for something that brings satisfaction or enjoyment. Desire stresses the strength of feeling and often implies strong intention or aim. In real estate investing if you don't have a desire to learn and grow as a human being and really get satisfaction out of it, then real estate investing is going to be hard to do. When I go out and look at a property it brings me a lot of enjoyment. Every aspect brings me joy from talking to home owners, figuring out how I can make a deal work, to buying the house and to finding a good homeowner or tenant for the house. Real estate investing may not be for everyone but real estate investing can offer anyone the financial freedom we all crave for. If you do not have the desire for real estate investing that is ok, it can still help you to live your dreams and help you to get where you want to go in the future.

Why is real estate investing an amazing avenue for anyone to live out all of their dreams? Let me ask you a few questions. Do you have enough money to do anything you want? Do you have everything you want? No debt? A nice house? Great Marriage? The freedom to do anything regardless of how much it costs and the time it takes? If you have all of these things then you are one of the few people in America who does. Most people may be working fifty hours a week and making just enough to pay their bills. In today's day and age most people are living pay check to pay check never really knowing if they will make enough to pay the bills that just keep piling up. If you cannot keep up with your monthly bills how are you going to plan for retirement or send your kids to college or have time to enjoy life. The answer to all of these questions is becoming financially free. Now it's not going to be easy everyone will have to get off the couch and out of their comfort zone. Real estate is proven to be one of the fastest ways to get your out of the rat race of the nine to five and begin living the life you deserve to live. Everyone wants something different out of their life. Some dream of traveling the world, spending more time with family, volunteering, golfing, laying on a beach, giving back to the community, or anything that will make them happy. There are thousands of things that make people happy.

Making it in real estate takes a person who has a strong desire to change their lives for the better and think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. The people that make it in real estate investing all have a few things in common. First they run their real estate investing business like any other business out there. Second they get out there and network with anyone and everyone. Some people might be like me and have a hard time talking to other people. If you are that is ok, anyone can learn how to become a people person, it just takes hard daily work. You have to push yourself past your comfort zone. The third thing is that you cannot be afraid to fail. Everyone has failed at something but the most successful people out their learn from their failures. The fourth thing is that you have to put a good team together. I will go into putting a team together in a later chapter. The concept of putting a team together is so that when you don't know something you have team members that know what to do and can help you with questions. The can also make sure that you are not working yourself to death. You do not want to be the person doing everything in your business. Doing everything is a receipt for failure. You have to put together good people who you can trust and rely on. The fifth thing is that you need a mentor. Sixth and final is the desire to do it. No one can become successful at something if they don't want to do it and don't get satisfaction out of what they are doing.

2. Setting Goals

Having goals is one of the most important aspects of achieving what you want in life. You don't want to just have your goals up in your head you want to write them down and past what you have wrote on the wall somewhere or in the bathroom mirror. You want to review your goals daily and read them out loud to yourself. This way you remind yourself everyday why you are building your business.

How should you start to write down you goals? First off you should think big, and by big I mean HUGE. If your goals are too small you will easily achieve them and have nothing else to look forward too. You should start off by asking yourself the question if I had all the money and time in the world what would I do, what would I buy, how would I spend my time, and how would I spend my energy. Are you starting to write these down? Well you should be. Think about what you want, spending time with family, traveling the world, the best cars, a castle, owning a small country, running for president, having the biggest real estate investing business in your area or in the country. Whatever your dreams and what you want out of your life, write it down. Some of my goals are becoming free, traveling the world, having a Ferrari, having 10 vacation homes all over the world. Right now I am just trying to get you out of your comfort zone of thinking and let your imagination run.

There are several ways to set goals. I have learned a lot of ways you can set you goals and there is no right or wrong way. The best ways that I have found to set your goals is to break them up into two categories. First your short term goals. This should be goals from a month out to around a year. The second is your long term goals these goals are you think big goals and what you see for your future.

For year one I like to first make a list of what I want to achieve this year and I will give you an example of how to do that. For year one you want to be very specific first you want to list what you want your income to be at the end of the year, next how much cash in the bank you want (this is money in your checking account, not assets). Next you want to list how much you are going to give. Giving is a very important, this can be giving to charity, giving of gifts to friends and family, giving to your school or anything you can dream of. As long as what you give brings joy to others who need it more than you. Next list what bad habits you have that you want to eliminate. Weather is be quitting smoking, spending too much on junk, drinking too much, working too much, not spending enough time with family, too much TV, not exercising and many more. We all have bad habits that need to be changed in order for use to grow as human beings. Under each of these bad habits list out some steps that you can take in order to quit them. If you bad habit is being lazy and not exercising enough what can you do to change that. Well you can get a gym membership or a home work out program. Commit yourself you following through with a plan to work out 3-5 days a week. For you to change these bad habits you have to be totally committed and follow through with a detailed plan you set for yourself. After you have your plans in place you should start listing several things you want to achieve or do in the next year. This can be start a successful business, spend time with family, travel to 2-5 places and so on. Now under each of these you should also write a detailed plan on what you need and what you need to do in order to achieve these goals. Finally you should take all of this information you have a write on page on what you see your life being over the next year. Doing this is a great exercise to really see what you want out of life.

Goals Year One

This is what I am going To Do This Year
Income: $ 500,000
Cash: $ 100,000
Give: $ 20,000

Bad Habits that will be changes:

Over Sleeping 1. Go to bed at 11 pm 2. Use a timer and set it for 8 hours 3. Set the timer on the other side of the room

Buying things that you don't need: 1. Going out shopping less 2. If you have the urge to buy something think to yourself is thing item going to help me to achieve my goals of becoming financially free? 3. Tell friends what you are doing, so they can help to stop you.

What I want to Achieve:

Start a successful Real Estate Investing Business: (you should write a detailed step by step plan of everything you need in order to achieve your goal)

Travel: Where do I want to visit? 1. Gators football game (what I need to do it, money, etc)

And last your own page about what you want to achieve using words like I will and only positive words.

For long term goals you don't need to be as specific right now, but you should list them and under them list a few steps or smaller goals that need to be achieved before you are able to achieve them. With the long term goals always think big. Another good exercise for long term goals is to make a collage of you goals. Put pictures of the house you want on it, places you want to travel, a picture of your family, a number of what income you want in or anything you can think of.

3. Learn

Knowledge builds confidence and destroys fear. If you are starting any kind of business you need to learn the ins and outs of that business. The best way I have found to learn about real estate investing is to read all about it. But once you know it you have to apply what you have learned. Learning and reading is just one step to take. There are thousands of books on the market about real estate investing and everyone has something you can learn from. You don't just want to read real estate investing books though. You also want to fill yourself with motivational and leadership books. Every successful person that I know if a reader and they all spend at least thirty minutes a day reading something that will teach them about improving their business or helping themselves to become a better person. Some of the best books that I would recommend reading are listed below.

1. Rich Dad Poor Dad by Robert Kiyosaki (read this first and also ready everything in the rick dad poor dad series, great books to start with and will expand you mind)
2. Be a Real Estate Millionaire by Dean Graziosi
3. Flip your way to financial freedom by Preston Ely (this is an E-Book)
4. Four hour work week by Timothy Ferriss
5. The Attractor Factor
6. Short Sale Pre-foreclosure Investing by Dwan Bent-twyford and Sharon Sestrepo
7. Keys to success, by Napoleon Hill
8. Think and Grow Rich by Napoleon Hill
9. How to win friends and influence people
10. Any Book by John C. Maxwell (he has tons of amazing leadership books)
11. Getting Started in Real Estate Day Trading by Larry Goins
12. The E Myth by Michael Gerber
13. How to be a quick turn real estate millionaire by Ron Legrand
14. The Power of Full Engagement
15. The It Factor
16. Anything by Anthony Robins

There are tons more you can read but these will give you a great start. You should also read books on negotiating, sales, motivation, and biographies on American business people.

I hope this list gives you the knowledge it has given me. If you learn and apply what you have learned from these books there is no reason that you should not become very successful.

4. Attend a Real Estate Investing Seminar

Attending a Real Estate Investing Seminar can be one of the best places to learn about real estate investing from some very well known experts. There are several seminars going on all over the country every weekend. If you live in a big city it will be very easy to find one. If you live in a town like Billings Montana you might need to travel a little ways to find one. Now most of the best meeting cost money to attend them. Some range from five hundred dollars for three days and some can be up to $ 20,000. There are a few that I would recommend. Than Merrill is a great speaker to go hear. I have learned a ton from him. You can find his company online by Google searching him. Also rich dad poor dad has seminars all over the country. I attended one of their seminars in Billings Montana for only $ 500 dollars and learned a ton from it. There is also Preston Ely, Larry Goins, and hundreds of speakers out there. If you find a great book that you really enjoyed, then just simple search for that person online and see if they are speaking somewhere or offer a seminar close to you.

Another reason I recommend going to a seminar is because they get you pumped up and motivated. I have not yet found anything else that just gets you feeling like you can do anything. When you get back from one of these seminars you will have tons of energy and knowledge. Every time I get back from one all I want to do is going out and do a deal or ten.

These seminars will also provide you with several opportunities to purchase amazing real estate investing tools, software or learning material at a fraction of the cost. Believe me when I tell you all of the low priced seminars try to sell you something. But a lot of times what they are trying to sell is some really good stuff.

Another reason to attend a seminar is to network with other investors and build relationships with them. You can meet other investors who you can partner with on a deal, sell a deal too, people who will provide you with deals and so on. You should have hundreds of business cards made up and try to give them all out. You never know how much one business card you hand out can make you.

5. Learn About the real estate market in your area

Most real estate investors start their career off my investing around where they live. This is why I do my real estate investing in Billings Montana. You can venture out when you have more experience. The reason behind this is because we feel more comfortable with the areas and know the areas better. It is also easier to get local real estate information that we need. Investing in your local market is also cheaper to start out, there is less travel costs, you can see what you are buying and it may give you a feeling a comfort.

First you have to decide which part of town is the best place to invest in. This can be determined by what kind of real estate investing you choose to do. I have not gone over the types of real estate investing but some include rehabbing (fixing up and selling), wholesaling (finding deals and selling them to other investors), buying to rent, and there are a few others. These are the real estate strategies that I use for the most part. When looking at the market you need to see where other investors are buying their houses. Most of the best deals will be found in low to middle class neighbors hoods. By low I don't mean drug infested war zones, what I mean is blue collar safe neighbor hoods that might have somewhat older houses and houses that are not on the higher end price side. Now you can find deals in the higher priced neighbor hoods but most will be in the low to middle income neighborhoods. When looking where others are buying ask local realtors, other investors or appraisers.

When talking with investors ask them several questions such as what neighborhoods they prefer, what type of houses they buy (3 bed 2 bath), and what they do (rehab, rent, wholesale). You should not look at other investors as competition but try and work with them.

There are different types of markets such as appreciating markets, flat markets, and deprecating markets. Appreciating markets are markets that there is no enough houses or a very high demand for houses which causes the price of houses to go up. The reason there is a high demand for housing can be because of job growth, a very appealing area, or several reason. Flat markets are markets that have no or very little growth. This means that there is not a lot of demand; buy just enough to fill every ones needs. Depreciating markets are where there is a lot more houses than people to fill those house. This causes house prices to start going down. This can be because of a large employer leaving the area, a natural disaster or just over building. There is an old saying buy in a bust and sell in a boom. In depreciating markets you can pick up several deals, while in appreciating the house prices are going to be much higher and harder to find great deals. The deal will still be out there you just have to know where to find them.

Learning your market is another key to becoming successful. Real estate Brokers and experts in your area can be the best source of information for you. Learn to use them to find out what kind of market you are in. If you are in Billings Montana we are in a pretty stable market. Billings Montana has not seen the ups and downs that other markets have experienced. I will have to say that I have been noticing a little bit of a downward trend but not much. Once the first time home buyer credit is over with we might see a little more decline. Every market can vary by neighborhood, so make sure you know you market well. I have seen the same houses just one mile apart selling for totally different prices.

6. Find a Mentor

Having a mentor to help you can be your biggest learning experience. Mentors can help you with any questions you may have, walk you step by step through the investing process, give you moral support, you learn from their proven system, and also network you with others in the business. Every successful real estate investor that I know says they owe a lot of their success to the mentors they have and had in their lives. I have had one of the best mentors around, my father. He is teaching me something new every day and pushing me to become successful.

When trying to find a mentor I would suggest network with the investors at your local real estate investors club meeting. There is a real estate investing club in Billings Montana that meets once a month. You can find information about real estate investing clubs in your area by searching for REA or real estate investors club then your area in Google. When you go to the meetings ask around who the biggest investors are. Then ask if you could get together with them sometime and discuss real estate investing. Ask them if they would consider working with you to get their career going. Offer your services as a bird dog. Bird dogs are people who go out find deals or leads about deals and give them to other investors. A bird dog gets from $ 500 to $ 3000 dollars depending on the deal. Make sure that you have a bird dog contract signed with the investors saying that if you find them and deal and they buy it that you get paid a certain amount of money. Being a bird dog helps you to build credibility with the investor and they are more likely to mentor you if you have something to offer them. If you would like to contact me with a question go to my web site Big Sky Property Solutions LLC.

7. Your Real Estate Team

Building an effective team can make your life as a real estate investor a lot easier. You are only one person and cannot do everything or be an expert in every aspect of real estate investing. Going at a project alone can become one of the most frustrating experiences you will ever encounter. Many people have become frustrated and quite real estate investing because they try and juggle too many things. Make sure that when putting a team together you provide everyone with win-win opportunities. When someone knows that working with you is going to make them money they will put you as a higher priority on their list. But you have to prove it to them that you are the real deal.
People to have on your real estate investing team include

o Real Estate Agents (find the top agent for volume of sales in your area and other agents who work with real estate investors)
o Real Estate appraisers (find an appraiser that has done a few hundred jobs or more and make sure they carry errors and omissions insurance)
o Real estate contractors (good rehab crews that can get the job done in a timely manner, have 3-5 crews and on every deal get 3 estimates done. Ask for referrals from them and make sure they are licensed)
o Real estate attorneys (every investor needs an attorney, they can help to protect your assets, make sure you find one that works with investors)
o A property management company (can manage your properties and will give you leads on property they are managing that might come up for sale)
o Title companies (take care of the legal process and make sure there are no liens against the property you are buying, choose one that does hundreds of closings a year)
o Home inspectors (charge about $ 400 but will give you a great inspection and could save you thousands in the long run)
o And your Mentor

All of these people can help you in various aspects of real estate investing. You might find that there are a couple others that are keys to your business but this is just a list of a few.

8. Just Do it

There is no better phrase out there then JUST DO IT! Once you have learned all you can networked with investors in Billings and learned real estate investing strategies there is nothing left to do but get your feet wet. There is no better learning tool out there then doing a deal. Once you have completed that first deal you will know what to expect and find out that it is not as hard as you thought it would be. You will have learned what you did right and what was frustrating. Take that experience and ask yourself what would have made it run smoother. Apply that to your next deal. Then the next deal will be easier and it keeps getting easier as you go. I will say that every deal is different from the last but that what makes this business fun. You have to be creative and always keep on learning and growing with your business.

The average person never uses what they learn. Don't be average apply your knowledge. When going out and doing your first deal act like you have done 1000's of deals. The fastest way to change a habit is to act like it is true.

Five keys for success
1. Specialized Knowledge
2. Tools of a professional
3. Have the mindset of a winner
4. Mentors
5. Money and the knowledge of leveraging it (you don't have to have millions to invest in real estate, there are many strategies out there to use other people's money, or no money at all)

This is going to conclude this article about getting started in real estate investing. I hope this gave you some ideas about how you can get started. I didn't give you any strategies at this point but look for some in upcoming articles. These are simple steps you can use to get started. If you read this article thank you for listening.

Categories
Stocks

David Marsh Emini Day Trading Choices For Your Investing Career

Quite a few inexperienced investors today are looking towards day trading and especially the David Marsh Emini method. This technique’s aim is to trade for a daily revenue using the emini S&P 500. Many individuals come into the world of day trading with little to no knowledge so they of course are exploring for the best choice for their education reasons. The benefit most of these new traders have today is the use of the the web. The world wide web offers them with many areas to research their options for day trading. It is also significant that folks keep in mind that for all of the excellent information to be found you will unearth equal information that is not right.

In particular day trading the S&P 500 and trading on the Forex markets have become particularly well-liked with traders. This of course opens the door to people that promote methods to help traders make the change to day trading for a career. Sadly numerous of these so called techniques are a fraud and end up costing a lot of folks 1000’s of bucks in addition to the money they lose while trading. It is significant that new traders do their homework before investing into any trading proposal.

The David Marsh Emini trading plan comes complete with everything a day trader might possibly be looking for. However, several do not comprehend what they ought to be shopping for when investing into a day trading course. Things folks need to examine contain the following:

– How long has the system creator been trading? Does this person actually trade at all? Keep in mind lots of internet marketers just market systems but they do not trade for a source of revenue.

– How complete is the course that you are looking to buy? Does it present video instruction? Does it offer you a written handbook? Do you have access to a live trading room? Can you work together with additional traders?

– How good is their help? Can you acquire admission to the course creator to assist you with troubles you could be having?

All of the above questions are essential in regards to your success of finding a superior investing system. The more extensive the training technique you pick, the higher the chances are in your favor to be a victorious day trader. You will find that the David Marsh Emini trading technique gives all of the above in addition to first-rate support. Not only will you obtain the necessary support but you can also converse straightforwardly with the creator of the trading course himself.

The main thing to keep in mind is learning to day trade will help you modify your existence. Finding the proper counselor and education course is one of the most decisive choices you will make as a day trader. Few individuals can actually call themselves professional traders that make a daily income trading the markets. It is very important that you start off by doing the necessary research to become a successful trader. Do not ignore the experience of the mentor you select.. By not selecting a mentor with experience you are likely not going to experience positive results with your new trading career. To end with, our intend is to help guide you with information in relation to day trading. If you would like to learn more about this topic stop by our David Marsh Emini site.

Categories
Stocks

Begin Your Trading Career With Trading Stocks Online

Trading stocks online or online trading of stocks and shares is a common phenomenon in today's stock trading segment. Although it is a common phenomenon around the world for few it is still a mystery. Creating an online trading account, buying and selling stocks, constantly tracking your investment is still being perceived as a herculean task by many. To get over with such perceptions the first and foremost thing you must know is to read a lot about markets and their movements. Besides reading, getting in touch with online stock brokers who have ample knowledge in the area of ‚Äč‚Äčtrading and managing stocks would be very much helpful for beginners.

After acquiring knowledge on stocks and getting in touch with online brokers it is always necessary to have ample information on stocks that you are investing. For getting enough information about various companies, their stocks and their prospectus you got to know few tips on trading stocks online. Let us look forward for few such tricks or steps which you have to follow if you are a beginner. You must start your online trading with research and analysis. Research and analyze the companies that are flourishing and the companies that are moving downwards. By this research you will be equipped with enough knowledge on stocks fluctuations and can easily identify the future prospectus of shares of respective companies. This step should be a rule of thumb for both beginners as well as for experienced online traders as this would lead them to choose the right stock.

Once you are done with research and analysis of stocks next step must be quite tedious for the beginners but cannot go further without this. You must get an idea on fundamental and technical analyzes of stocks as these analyses are the sole runners of any stock market. Once you get knowledge on fundamental and technical analyzes of stocks the next step is to understand the choices of an online stock broker and an investor like you. The traders choose a stock which is profitable for both the company and the client. But this should not be the case with the investors. Investor must choose a stock which is profitable and which can maximize his wealth. Knowing these differences and choosing stocks is key to your success in online stock trading. Once you are clear on the basics and concepts of stock trading creating an online trading account either with the help of an online broker or individually must be your next step.

Categories
Mortgage

Your Successful Career as a Mortgage Broker By David Reed

Book review: Your Successful Career as a Mortgage Broker By David Reed, Amacom: American Management Association, 1601 Broadway, New York, NY 10019, ISBN 0814473709 , 978-0814473702 , $18.95, 240 Pages, 2007

David Reed’s newest mortgage title; Your Successful Career as a Mortgage Broker rounds out a successful on-going mortgage banking career and his previous three mortgage-related books. Based in Austin, Texas, Mr. Reed writes mortgage columns for Realty Times and Mortgage Originator. For those considering a career as a mortgage broker, banker, processor, or underwriter, this book is chock-full of everything you need to know before taking the plunge into this exciting field of work.

Chapters cover: The Mortgage Loan Officer and His Team, How Do I Get Started?, Mortgage Banker versus Mortgage Broker, The Loan Application Process, Types of Mortgage Loans, Loan Prequalification and Approval, Loan Documentation, Interpreting Credit Reports and Credit Scores, Interest Rates: How They’re Set, How to Quote Them, How Brokers Make Money, Marketing Yourself, and Marketing Secrets From the Pros. Additional features include a preface, a glossary, an index, and a thorough resource appendix The 1003 and Disclosure Forms, Ten Steps to Becoming a Successful Mortgage Loan Officer, Ten Steps to Becoming a Megaproducer ($250,000 + per year), Sample Marketing Pieces, Industry Resources, State Licensing Chart and Payments Per Thousand Dollars Financed.

I found the chapter on Loan Documentation especially informative. In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new or potential mortgage bankers or brokers.

Categories
Mutual Funds

Career Opportunities In Mutual Fund Industry

Indian retail investors are considered to be risk averse due to many reasons. Mutual Funds can therefore be regarded as a boon for such investors. Mutual Fund industry is playing an active role in the capital market today and is one of the fastest growing industries.

What’s a Mutual Fund?

Wikipedia says, “a mutual fund is a professionally-managed form of collective investments that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.”

Structural Framework of a Mutual Fund:

This article aims to highlight the various job opportunities in each of the departments in an Asset Management company of a Mutual Fund.

Asset Management Company (AMC):

1. Fund Management

In a mutual fund, the Fund Manager, who is also known as the portfolio manager, decides about the investment of the fund’s underlying securities (money received from investors for investment), realizing capital gains or losses, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors.

Who’s required? Here, deep economic analysis is required for effective investment decision making and therefore professionals from Commerce, Economics, Finance, Mathematics and Management background are required. Chartered Accountants, MBA Finance, Financial Analysts, Economics Masters, Statistics Masters are in huge demand. The pay package for such professionals ranges between Rs. 3 lacs – Rs. 6 lacs p.a. approx.

2. Operations

Investments on the recommendation & directions of the Fund Manager are actually required to be done through series of trading transactions; for which ‘Dealers’ are required.

National Stock Exchange (NSE) has a facility for testing and certification by launching NSE’s Certification in Financial Markets (NCFM). NCFM is an online testing system, a revolutionary concept in administration of examinations and the only one of its kind today in the country. It tests the practical knowledge and skills required to operate in the financial markets in a secure and unbiased manner and awards certificates based on relative merits thus ensuring that the calibre of persons entering this field is kept high in the best interests of a mature and vibrant market.

It has been specified by SEBI that all brokers/dealers in the stock market have to mandatorily obtain the NCFM certification.

The various Certification Modules are: Derivatives Market (Dealers) Module, Capital Market (Dealers) Module, Debt Market (Basic) Module, Surveillance in Stock Exchanges Module, NSDL – Depository Operations Module, Commodities Market Module, Corporate Governance Module, Compliance Officers (Brokers) Module, Compliance Officers (Corporates) Module, Information Security Auditors Module (Part-1 & Part- 2).

The certification remains valid for 5 years from the date of the test for all modules except Derivatives Market (Dealers) Module, Commodities Market Module and Information Security Auditors Module.

Who’s required? Candidates having knowledge of Capital Markets, Derivatives, Equities, Stock Exchange functioning, etc. are required along with certifications in one or more above mentioned Modules. The pay package ranges between Rs. 90 thousand to Rs. 1.20 lacs p.a. approx.

The Registrar & Custodian is a trust company, bank or similar financial institution responsible for holding and safeguarding the securities owned within a mutual fund. A mutual fund’s custodian may also act as the mutual fund’s transfer agent, maintaining records of unit holder’s transactions and balances.

Who’s required? Here, candidates from Secretarial, Legal background and semi-qualified professionals are required. The pay package ranges between Rs. 80 thousand- Rs 1.20 lacs p.a. approx.

3. Marketing

The AMC launches various schemes through which it invites investors to put their money. To reach the retail investors and provide them with the information about the schemes, extensive marketing is done through various channels of the media.

The distribution / selling of these schemes are done through Agents, Advisors, Third-party Distributors.

SEBI has made mandatory for any entity / person engaged in marketing and selling of mutual fund products to pass AMFI certification test (Advisors Module) and obtain registration number from AMFI. This certification remains valid for 5 years from the date of the test.

The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.

Who’s required? Here, graduates having the AMFI certification can work as Business Development Managers / Relationship Managers / Advisors for the marketing and distribution of the mutual fund schemes. Relationship Managers / Advisors assist investors in their financial planning by recommending them ideal investment portfolio and build a customer relation. The pay package ranges from Rs. 1.5 lacs to Rs. 2 lacs approx.

NCFM and AMFI certifications can be taken by anybody. There are no restrictions of age or qualifications for anyone to take these Tests. These certification tests are automated online examinations conducted on computer. One does not need any prior knowledge of computers to be able to take the test.

Conclusion:

Mutual Fund industry provides huge job opportunities and has tremendous scope for making a career in mutual funds. ASSOCHAM says ‘MF industry is slated to grow at 30% to Rs. 9.50 lakh crore by 2010’.