What Does Being Laid Off Mean? Being laid off refers to a temporary or permanent termination of work contract by an employee because of reasons relating to the business. A company may suspend just one worker or a group of workers at the same time. Another point worth noting about layoffs is that they don’t…
What is the Corporate Ladder? The corporate ladder refers to the hierarchical set-up of most businesses. An individual can climb this metaphorical ladder and further their career. When you work at a company for an extended period of time, you want to move up in your career path as you take on additional responsibilities and…
What Does It Mean to Get Fired? Getting fired means that an employer terminates employment against the will of the worker. There are numerous reasons why company managers fire their employees. However, most don’t need a valid reason to terminate employment. If one is not covered by a bargaining agreement or employment contract, the chances…
What is the Peter Principle? The Peter Principle is a common occurrence among companies, whereby employees are promoted according to their current progress rather than for the skills and aptitude required for the roles they are being considered for. Have you ever come across people who are unhappy after receiving a promotion, or seen a…
Management Consulting Career Overview As a management consultant, you will be responsible for problem-solving, helping businesses to attain efficiency through proposed changes, and working on core strategy development, operational optimization, risk advisory services, technology deployment, and human capital advisory. Types of Management Consultants Skills for Success in Consulting To be a successful consultant, you will…
What are the Global Investment Performance Standards (GIPS)? The Global Investment Performance Standards (GIPS) are the ethical standards followed by investment managers relating to the full disclosure and fair representation of the results of their investment performance. The CFA Institute formulated the standards and the GIPS Executive Committee is responsible for the development and interpretation…
What is a Career Goal? A career goal is a well-defined statement explaining the profession that an individual intends to pursue throughout his career. It is important for every employee or job seeker to define their career goals clearly. It helps them to come up with effective action plans. Setting unrealistic goals can lead to…
T-Account Template This t-account template helps you organize and balance the debits and credits for your transactions and journal entries. Use this template to visualize the accounting perspective of how transactions affect a business’ different accounts. Here is a preview of what the t-account template looks like: Download the Free T-Account Template Visualizing Transactions T-Accounts…
Why Should You Hire Someone With an FMVA®? Should I hire someone with an FMVA certification? The ever-growing finance industry is always on the lookout for top-notch professionals. With an enormous pool of talent from diverse educational backgrounds, levels of expertise, and practical skills, many employers look for a Financial Modeling & Valuation Analyst (FMVA)…
How to Interview Well This guide will give you a list of the top 10 interview tips, based on decades of first-hand experience from the CFI team interviewing hundreds of candidates. Whether you’re in your early, mid, or late career, interviews can be nerve-racking. Luckily, being well prepared is a great way to reduce stress…
