ua-cam.com/video/jPmG2Z-X_DI/v-deo.html I recommend checking out this video regarding automation. Higher overall demand with most opportunities? - accounting, specifically skilled CPAs. High finance is super competitive, with a limited number of opportunities (but they pay very well.) Fintech is booming, and if you have financial knowledge and some tech skills, you will be in demand.
hey I think a good topic for a video would be about jobs or careers in finance that would be suitable for more creative people, or jobs that include a bit more of a creative aspect than the majority of finance
An actuary may have to look far into the future, like 30 years. A financial analyst would rarely ever be expected to forecast more than 7 years into the furture. They both manage risk, but FAs look at business risk/financial risk over the next few years. I was told acturial exams are very hard, like rokect science hard. Actuarial Science, though technically a social science, is grouped under STEM with mathematics and statistics and NOT along with Finance, Accounting, Management and Economics.
Some great points! And yes the actuarial exams are very hard. Someone who is interested in going down that path has to be very motivated to put the work in.
What happens when you fail a class in the universities of the United States? Do they let you take it again? if yes, how many opportunities they give you??,,, I really hope you answer to this question 🙏🙏🙏
Yes you can retake classes. I think the max is 3 retakes? But check with individual universities regarding their policies. You will need approval to retake a class.
Great video, very informative. Do you have an opinion on the Gamestop situation? For someone who doesn't have a finance background, I found it a bit difficult to comprehend.
I personally think it’s being a little blown out of proportion by the media/on social media. Hedge funds, IBs, PE Firms, VCs, they all make terrible decisions and investments from time to time. This situation just turned out to be a perfect storm for that hedge fund. All the people that work there are human, one friend of mine who has been trading for 20 years full time lost close to a million during all of this. Proud of everyone that made money on GameStop, I made money on AMC 😄
What are some jobs in finance that typically work 40 hour work weeks? Maybe a little more here and there, I’m just not wanting to get into investment banking working 80 hours every week
Corporate financial analyst, working in commercial finance (personal banker, manager of a bank, etc), credit analyst, Mortgage processor, Mortgage loan originator (to make good money in this you are going to have put in more time, if you just want to coast then 40ish hours is ok) Underwriter, claims adjuster.
hi Kaila, my girlfriend graduated in Actuarial Science and is currently having a difficult time finding employment. Are companies looking at experience over the actuary certifications? I also think living in NYC makes it very competitive and difficult for employment...
I would say it’s on a case by case, company by company scenario. Experience is always sought after, so once she gets that first job and stays there for a year or two, she will be a sought out by recruiters, other companies, etc. NYC is competitive, if you are open to other markets, Chicago, Orlando, and Charlotte NC are where my actuary friends live/work.
Where do you see yourself in the future? Where do your interest(s) lie? Are you willing to move for industry specific jobs? 1 or 3 for a corporate career, 2 for a financial advising or financial planning career (which I don't necessarily recommend unless you feel some sort of "calling" for it, watch my financial advisor related videos.) 2 would probably give you more relevant knowledge on a personal level, which could be helpful for yourself/friends/family. Also your concentration doesn't hold tons of weight in interviews (at least in the US). As long as you have a relevant major, do the necessary prep for the interviews, and hit all the major criteria you will do well.
Texas has some good opportunities and lower cost of living then other places. Fair amount of competition. Lots of interesting Corp finance gigs in Austin. If you are looking for IB, then look into Houston.
@@kailakaila thank you so much ! I could not find that information online and then I remembered you were the perfect person to ask. Thanks for responding !
I would like to know if you could tell me how to enter into Advice only M&Rs without having a Bachelors in Finance and doing MBA in Finance after my Bachelors in mechanical engineering
You are saying you plan to do an MBA after getting a mechanical engineering degree? Network with your classmates as much as possible, alumni of your MBA program, and pretty much anyone that will give you the time of day! You never now who will give you an opportunity!
@@kailakaila Thanks Kaila, I would also like to know that digital marketing training you shared with me; since I live in Pakistan, the currency is quite bad and hence I'm going to buy only one one month subscr. Do you think its enough to learn the whole stuff?
@@BigBrother4Life Its the most comprehensive, all around course for digital marketing that I have seen. You could probably get through the whole course in a month, if you spend time on it everyday.
Most people in finance don’t have programming skills, doesn’t hurt to learn tho if you have the time and interest. Actuaries typically learn SQL, SAS, and R.
The actual math in Finance is simple. But you DO need to have a mathematical mind to do finance even though you won't been doing advanced math in terms of a math syllabus. There is no need for calculus, or trigs, or geometry or anything like that, but you do have to be left brain oriented. (The ability to follow a systemic procedure and be logical in your approach as well deduce mathematics outcomes that most people can't see.) But high school math is good enough skills.
Well there’s many layers in finance. There’s financial mathematics/financial engineering which is a discipline in industry usually employed by quants. The basis of the discipline is to use stochastic models and programming to come up with models that basically make the firm more money. An abundant amount of mathematics is used: think multi variable calculus, linear algebra, probability theory, stochastic calculus, even real analysis. And they usually program in SAS and C/C++
@@kailakaila canopy is a great choice , says the experts, and I agree .. thank you for responding anyways .. how could i use your profession? Let's say I owned my own business, how could you help me
Digital marketing or a financial analyst you mean? Financial analyst would do strategic planning, assist in budgeting, look at the forecasting cycle in oder to provide suggestions on how to make better business decisions. How much one would help your business depends on the actual business, how big it was currently. You don’t need a financial analyst from the very beginning, day 1 type of stuff. Focus on sales first and having a good product. Better to have an accountant from day 1.
🤯 Girl your videos are amazing!
Thank you!
Accounting and finance which has a Higher demand and which is likely to be automated in the future?
ua-cam.com/video/jPmG2Z-X_DI/v-deo.html I recommend checking out this video regarding automation. Higher overall demand with most opportunities? - accounting, specifically skilled CPAs. High finance is super competitive, with a limited number of opportunities (but they pay very well.) Fintech is booming, and if you have financial knowledge and some tech skills, you will be in demand.
hey I think a good topic for a video would be about jobs or careers in finance that would be suitable for more creative people, or jobs that include a bit more of a creative aspect than the majority of finance
Ok I’ll write that idea on my list of ideas to get to 😊
breakdown the financial analytics or financial logistics or the business finance model of a cannabis company
An actuary may have to look far into the future, like 30 years.
A financial analyst would rarely ever be expected to forecast more than 7 years into the furture.
They both manage risk, but FAs look at business risk/financial risk over the next few years.
I was told acturial exams are very hard, like rokect science hard.
Actuarial Science, though technically a social science, is grouped under STEM with mathematics and statistics and NOT along with Finance, Accounting, Management and Economics.
Some great points!
And yes the actuarial exams are very hard. Someone who is interested in going down that path has to be very motivated to put the work in.
Tnx Kaila. Although finance doesn't need to take exams (like Actuary does) but most of the jobs need CFA,don't they?!!
No, most don’t need the CFA. CFA is beneficial to have in equity research, portfolio management, risk management, and a few other areas.
What happens when you fail a class in the universities of the United States? Do they let you take it again? if yes, how many opportunities they give you??,,, I really hope you answer to this question 🙏🙏🙏
Yes you can retake classes. I think the max is 3 retakes? But check with individual universities regarding their policies. You will need approval to retake a class.
Great video, very informative. Do you have an opinion on the Gamestop situation? For someone who doesn't have a finance background, I found it a bit difficult to comprehend.
I personally think it’s being a little blown out of proportion by the media/on social media. Hedge funds, IBs, PE Firms, VCs, they all make terrible decisions and investments from time to time. This situation just turned out to be a perfect storm for that hedge fund. All the people that work there are human, one friend of mine who has been trading for 20 years full time lost close to a million during all of this. Proud of everyone that made money on GameStop, I made money on AMC 😄
What are some jobs in finance that typically work 40 hour work weeks? Maybe a little more here and there, I’m just not wanting to get into investment banking working 80 hours every week
Corporate financial analyst, working in commercial finance (personal banker, manager of a bank, etc), credit analyst, Mortgage processor, Mortgage loan originator (to make good money in this you are going to have put in more time, if you just want to coast then 40ish hours is ok) Underwriter, claims adjuster.
@@kailakaila I’m fine with having some longer hour work weeks but I’m not wanting to work 80+ every week haha
Hi kaila. Could i ask you to do a video about the path to wealth management and it's future?
I’ll put it on the list!
hi Kaila, my girlfriend graduated in Actuarial Science and is currently having a difficult time finding employment. Are companies looking at experience over the actuary certifications? I also think living in NYC makes it very competitive and difficult for employment...
I would say it’s on a case by case, company by company scenario. Experience is always sought after, so once she gets that first job and stays there for a year or two, she will be a sought out by recruiters, other companies, etc. NYC is competitive, if you are open to other markets, Chicago, Orlando, and Charlotte NC are where my actuary friends live/work.
Would you recommend a 1) Banking or Corporate Finance Concentration, 2) a Financial Planning Concentration, or 3) General Finance?
Where do you see yourself in the future? Where do your interest(s) lie? Are you willing to move for industry specific jobs?
1 or 3 for a corporate career, 2 for a financial advising or financial planning career (which I don't necessarily recommend unless you feel some sort of "calling" for it, watch my financial advisor related videos.) 2 would probably give you more relevant knowledge on a personal level, which could be helpful for yourself/friends/family.
Also your concentration doesn't hold tons of weight in interviews (at least in the US). As long as you have a relevant major, do the necessary prep for the interviews, and hit all the major criteria you will do well.
Kaila, one question. Is Texas a good place for high finance jobs? If yes, how hard to obtain or how good are those jobs in Texas?
Texas has some good opportunities and lower cost of living then other places. Fair amount of competition. Lots of interesting Corp finance gigs in Austin. If you are looking for IB, then look into Houston.
@@kailakaila thanks. I have a lot of questions for you. Is there somewhere I can contact you to speak a bit about some finance doubts I have?
Contact me at info@hotdigitalmarketing.com
I offer paid consulting, career coaching, and financial therapy.
@@kailakaila I see. I have contacted you via email. Hope you answer me and tell me the prices
A little off topic, is there a difference between financial analyst and an FP&A analyst ? Or is it the same thing under different naming conventions ?
Same thing, various financial analysis jobs have different names, but same/very similar duties.
@@kailakaila thank you so much ! I could not find that information online and then I remembered you were the perfect person to ask. Thanks for responding !
👍🏻
I would like to know if you could tell me how to enter into Advice only M&Rs without having a Bachelors in Finance and doing MBA in Finance after my Bachelors in mechanical engineering
You are saying you plan to do an MBA after getting a mechanical engineering degree? Network with your classmates as much as possible, alumni of your MBA program, and pretty much anyone that will give you the time of day! You never now who will give you an opportunity!
@@kailakaila Thanks Kaila, I would also like to know that digital marketing training you shared with me; since I live in Pakistan, the currency is quite bad and hence I'm going to buy only one one month subscr. Do you think its enough to learn the whole stuff?
@@BigBrother4Life Its the most comprehensive, all around course for digital marketing that I have seen. You could probably get through the whole course in a month, if you spend time on it everyday.
Love that Long Island accent! lol
Should finance major have it and programming skills?
Most people in finance don’t have programming skills, doesn’t hurt to learn tho if you have the time and interest. Actuaries typically learn SQL, SAS, and R.
math in finance doesn't go beyond arithmetic and basic algebra or am I wrong?
ua-cam.com/video/Z_nE3qODD0s/v-deo.html
Check this video out regarding that topic
The actual math in Finance is simple.
But you DO need to have a mathematical mind to do finance even though you won't been doing advanced math in terms of a math syllabus.
There is no need for calculus, or trigs, or geometry or anything like that, but you do have to be left brain oriented. (The ability to follow a systemic procedure and be logical in your approach as well deduce mathematics outcomes that most people can't see.)
But high school math is good enough skills.
Well there’s many layers in finance. There’s financial mathematics/financial engineering which is a discipline in industry usually employed by quants. The basis of the discipline is to use stochastic models and programming to come up with models that basically make the firm more money. An abundant amount of mathematics is used: think multi variable calculus, linear algebra, probability theory, stochastic calculus, even real analysis. And they usually program in SAS and C/C++
Hey, can u make a video on financial risk management and career in frm..
Sure, do you want me to compare it to being an analyst or just the topic of a career in FRM?
@@kailakaila just a general role and career of FRM would be good, but if u can compare well and good :)
Ok sounds good!
Hi, are you still in the finance field or change careers completely?
Digital marketing and finance career coach
Hi Kaila, do you have any tips for landing a good internship in the finance sector?
ua-cam.com/video/y8auixiV3iw/v-deo.html Have you watched this video yet?
Hey Kaila I find your info very educational, do you have say an Insta I can follow and learn more from?
My Insta is @kailaonig
If you have any questions please ask them here on UA-cam because I do not check my IG messages often!
Do you invest in cannabis stocks and if you could you describe how your profession or career could impact the business
I’m only personally invested in canopy growth. Cannabis industry is not my forte.
@@kailakaila canopy is a great choice , says the experts, and I agree .. thank you for responding anyways .. how could i use your profession?
Let's say I owned my own business, how could you help me
Digital marketing or a financial analyst you mean? Financial analyst would do strategic planning, assist in budgeting, look at the forecasting cycle in oder to provide suggestions on how to make better business decisions. How much one would help your business depends on the actual business, how big it was currently. You don’t need a financial analyst from the very beginning, day 1 type of stuff. Focus on sales first and having a good product. Better to have an accountant from day 1.
So it's like a having a financial team , making the best decisions, I like it, my business is small , just starting out, how do you hire an accountant
@@kailakaila digital marketing, you help with web traffic?
I came for the accent.
Lol 😂