What is a Chief Marketing Officer (CMO)? A chief marketing officer is a corporate executive who is tasked with overseeing the marketing activities of an organization. Other terms that are used to refer to the chief marketing officer include Marketing Director and Global Marketing Officer. An individual appointed to the CMO role is expected to…
What is the Canadian Securities Course (CSC)? The Canadian Securities Course (CSC) is the first requirement for becoming a registered investment representative in Canada, which applies to some corporate finance careers. Passing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course. It’s recommended…
How to Negotiate Salary After a Job Offer The most common mistake people make after being offered a job is not negotiating their salary. This is perfectly understandable for fear of jeopardizing the job offer and ending up leaving the interview room empty-handed. However, what many job seekers are not aware of is the fact…
What is Commission? Commission refers to the compensation paid to an employee after completing a task, which is, often, selling a certain number of products or services. Selling products or services is challenging. Professionals who are into sales and marketing deal with tough competition. Employers offer a commission to motivate their employees, make them more…
What is Gross Pay? Gross pay refers to the amount used to calculate the wages of an employee (hourly) or salary (for the salaried employee). It is the total amount of remuneration before removing taxes and other deductions such as Medicare, social security, insurance, and contributions to pension and charity. Components of Gross Pay Gross…
5 Ways to Negotiate a Pay Raise Money, in the form of salary, is undoubtedly the highest motivating factor for every employee. Benefits and the environment they work in follow. After staying several years at the same company, a worker will definitely start to consider negotiating for a pay raise, not just as part of…
What are the Top Finance Certifications? If you’re considering a career as a financial analyst or are already working as one, having a professional finance certification can significantly increase your earning power, reputation, and ability to deliver high-quality financial analysis. This guide will walk you through each of the top finance certifications and designations for…
What are Fringe Benefits? Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits such as social security and health insurance are required by law, while others are voluntarily provided by the employer. Examples of optional fringe benefits include free breakfast…
What is a Fallen Angel? A fallen angel is a bond that was rated investment-grade but has since been downgraded to junk status due to the declining financial position of its issuer. The bond is downgraded by one or more of the big three rating services – Fitch, Moody’s and Standard & Poor’s (S&P). A…
What is Crack Spread? Crack spread refers to the pricing difference between a barrel of crude oil and its byproducts such as gasoline, heating oil, kerosene, and fuel oil. The business of refining crude oil into various components requires careful attention to market prices for the various byproducts. The spread estimates the profit margin that…
