Budget analysts are mainly responsible for analyzing budgets, ensuring that resources are efficiently used, and looking for ways to increase the profitability of a company. They help in the identification of budgetary issues and notify the top management. They also make recommendations on new strategies that the organization should use in drafting budgets or using funds. Budget analysts are important as they ensure that the finances of a company are on track.
If this sounds like the career you would like to pursue, it is important to know the educational and certification requirements. You might also be interested in the career outlook and job prospects. This article highlights all that you need to know about becoming a budget analyst as it highlights what they do, the education requirements, job outlook, and salary information.
Budget analysts help private and public institutions, organizations, or companies to organize their finances. They are mainly involved in preparing budget reports, which allow these entities to keep their finances on track. They also develop financial forecasts using past spending data and current economic trends. This means that budget analysts are essential in reaching the set short-term and long-term financial goals and ensuring that a firm is maintaining profitability and attaining growth.
These professionals work in a variety of industries with companies that may be large or small, including financial firms, healthcare providers, educational institutions, and government agencies.
Budget analysts are also required to ensure that the bookkeeping, along with other finances comply with company standards, laws, and regulations. They also make recommendations to the management and other stakeholders on how to efficiently use company funds. Some additional duties include monitoring the company spending patterns to reveal variations, preparing annual reports, and providing technical analysis of financial information.
Successful budget analysts should have a lot of financial knowledge to be able to make accurate financial data and calculations. After looking at the latest data to uncover the in-demand skills for these professionals, we found that employers look for the following skills:
The listed technical skills are important in this career. However, there are also a handful of other soft skills that make budget analysts more valuable to employers. These include:
According to the BLS, budget analysts had approximately 58,400 jobs in 2016. The largest employers were:
Even though most budget analysts typically work in offices, some are required to travel to obtain budget details firsthand or when they need to verify the allocation of funds. Pertaining to the work schedules, they mostly work on a full-time basis. However, they may work overtime when making final reviews of budgetary allocations. In most cases, the pressures of tight working schedules and deadlines are usually stressful for most of the professionals.
For you to become a budget analyst, you need to first get the required education. Most of the budget analyst positions require a bachelor’s degree. However, employers prefer hiring professionals with advanced degrees, such as a master’s degree. Since strong analytical and numerical skills are important in this profession, the programs usually encompass coursework in economics, accounting, and statistics.
Local, state, and federal governments have varying requirements, but they mostly require a bachelor’s degree in one of the following fields: business, accounting, economics, statistics, public administration, finance, sociology, or political science. In some instances, knowledge acquired from finance related or budget-related work experiences can be substituted for education.
Employers also seek candidates who have strong written and verbal communication skills, as well as those who pay attention to detail. The entry-level positions are very important as they provide opportunities for learning. You can also benefit from taking on additional responsibilities, which will lead to better experience and upward career mobility. This means that from there, it is possible to get career advancement and move to a financial manager or budget manager position, or even a senior budget analyst.
When you work in government institutions, you may earn the Certified Government Financial Manager credential, which is given by the Association of Government Accountants. For you to earn this certification, you must have a relevant bachelor’s degree, 24 credit hours studying financial management, and an additional 2 years of professional experience in a governmental financial position. Besides this, candidates must also pass a series of certification exams. You will also be interested in keeping your certification by taking 80 hours of continuing education after every 2 years.
According to the BLS, the median annual salary for a budget analyst in May 2017 was about $75,240. The median wage is the salary at which one-half of professionals earn above it and the rest earn below it. The BLS reported that the lowest 10% of budget analysts earned less than $49,540 and the highest paid 10% earned over $113,740.
According to the BLS, in May 2017, the median annual salary for the professionals in the top industries was as follows:
The BLS points out that the employment of the analysts is forecasted to grow by about 7% between 2016 and 2026. This trend is about as fast as the average for all occupations. Even though the government faces continued budget cuts, the need for these analysts will remain stable in the public arena. However, there is a possibility for growth at government agencies. The occupation has a steady turn-over rate as budget analysts can move to other better-paying opportunities, which leaves positions that can be filled by entry-level analysts.
However, the demand for these professionals will not diminish. This is because the need for efficient use of public funds at the local, state, and federal levels will lead to the continued demand of these analysts. The BLS reported that in 2016, there were about 58,400 budget analyst jobs. BLS projects that there will be a growth of 7% of the jobs between 2016 and 2026, which translates to about 3,800 new jobs within the same period. Pertaining to the job prospects, the occupation has few job openings so job seekers are more likely to face competition for the few new positions.
Budget analysts help private and public entities organize their finances and prepare budget reports, which makes it possible to keep finances on track. Their duties include analyzing and interpreting accounting records, preparing, maintaining, and analyzing company financial statements, working with project and program managers in the development of budgets, monitoring how funds are used, informing program or project managers of the status and availability of funds, and estimating future financial needs. The skills they need include accounting, budgeting, communication, financial management, financial analysis, forecasting, reporting, and business administration.
They can work in various sectors including the federal government, educational services, state government, professional, scientific, and technical services, as well as the local government. For you to become a budget analyst, you should first get a bachelor’s degree in one of the following fields: business, accounting, economics, statistics, public administration, finance, sociology, or political science. The BLS reported that the median annual salary for a budget analyst in May 2017 was about $75,240 and the employment of the analysts is forecasted to grow by about 7% between 2016 and 2026. We hope this article has adequately addressed what budget analyst do, the education requirements, job outlook, and salary information.
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There are many jobs available in the technical field, all of which have distinct advantages and disadvantages. One of these jobs is that of an appliance repair technician. This job requires having a special combination of mental and physical aptitudes as well as interpersonal and administrative skills. Such a combination, with the right training, provides access to a job that is interesting, challenging, and rewarding. There are a lot of factors to consider when contemplating whether to enter upon a career in appliance repair.
Appliance repair includes the repair, servicing, installation, and inspection of many household appliances. These can include smaller appliances like dishwashers, oven ranges, washers, and dryers. It can also include larger appliances such as refrigerators. This job also requires the ability to connect and maintain water and gas lines and the ability to repair leaks if they are found.
There are many general duties involved in this job description, such as reinstalling and cleaning parts, diagnosing and repairing appliances, and reassembling units after repair. Any technician will need to have both technical and problem-solving skills as well as dexterity and a knowledge of appliance systems in order to be successful.
An appliance repair technician must first have the basic knowledge and abilities needed to complete assignments successfully. This field requires a lot of hands-on work. All technicians should be able to complete the following:
Depending on the appliance, the duties of a technician may vary. Though technical skills and knowledge are important, a skilled repair technician will also have a variety of impersonal skills and analytical capabilities.
A large part of a repair technician’s job requires the ability to diagnose and plan solutions to problems. Because so much of the job involves finding what repairs are required to fix an appliance, a technician must be able to gather information from all relevant sources, identify the underlying cause or reason for a defect, and develop long-range objectives and a course of action to repair the issue.
Most of the work of an appliance repair technician will deal directly with clients and the general public through a contract with an organization. Some interactions may include:
It is important for the technician to have strong interpersonal skills to maintain good relationships with supervisors, coworkers, and clients.
An appliance repair technician must also perform many duties on the administrative side of the business. Many times, an experienced technician will be in charge of controlling and monitoring resources, including finances, and performing inventory management. A technician will also ensure that all processes and solutions comply with laws, regulations, and standards. Many times, the appliance repair technician will document and record information and transactions, whether in electronic or written form.
All in all, an appliance repairer needs to have a good combination of technical, interpersonal, and administrative skills in order to be truly successful and to maximize the possible financial benefits of the job.
There are a variety of specialties and fields within the appliance repair industry. Depending on the education, certification, and experience of a technician, they may qualify to move from one field to another. Appliance technicians can work in or with:
These are just some areas that require appliance repair and skilled technicians to carry out those repairs. One of the major advantages of this industry is the room for growth and variety in choosing employment. Some technicians get hired under companies or organizations and complete assignments. Others may choose to become independent contractors, servicing clients whether stores, at job sites, or in homes.
Depending on the type of job, the income for an appliance repair technician can vary. This may lead to several questions as to expected salary, education requirements, and certification requirements.
Typically, only a high school education is needed in order to become an entry-level appliance repair technician. However, there are a variety of other options offered for those looking to begin a career in this field.
One option is an apprenticeship program. There are several avenues to complete apprenticeship programs. One avenue is to work under the direct supervision of a trained technician. Some appliance manufacturers may offer training seminars that will equip each person with the ability to complete all tasks required. Employers may also provide courses where trainees can learn and sharpen their craft. Often, an apprenticeship may be all that is required for small appliance repair.
Another option is to complete more formal training. In order to do this, prospective technicians need to enroll in vocational or technical programs that focus on electronics courses. By means of this more formal training, technicians can reduce the amount of on-the-job training required and enter the workforce sooner than they would otherwise be able to. Through this training, they can also more quickly obtain the certifications needed to become an appliance repair technician depending on what specialty they choose.
No matter which avenue they choose, all technicians need to continue their training and education throughout their career to remain successful as new technology is developed and industry laws, regulations, and standards continue to change.
Generally, certifications are not required in order to become an appliance technician. However, depending on the specialty chosen- such as refrigeration and cooling- some technicians may require certification to be employed in their field. These certifications can only be earned after graduating from an electronics program and gaining an adequate amount of on-the-job training. There are several certifications that can be obtained through official government agencies or organizations, such as the:
By gaining certification from the U.S. Environmental Protection Agency, technicians can legally and safely specialize in working with major appliances. Through this agency, they will gain a Section 608 Technician Certification, which allows them to work on all types of appliances.
The Certified Appliance Professional (CAP) program allows technicians to certify their skills as either a Certified Technician or a Master Technician. This certification is maintained by the National Coalition of Electronics Education (NCEE) Graduate Technician program, which measures the skills of graduating technicians against set industry standards and qualifies them to enter the work force as an entry-level technician.
After two years of being an employed Certified Technician, the appliance repair technician can become a Master Technician at the recommendation of their employer, therefore qualifying for higher-paying jobs.
The International Society of Certified Electronics Technicians (ISCET) is a nonprofit society that provides administration, scoring and analysis of NASTeC exams. NASTec is a national certification program for technicians who service major home appliances. It measures the skills, ability, and knowledge that technicians will need to use daily to complete their job successfully. This exam is the highest level of professional recognition in the appliance service industry. By offering exams in numerous fields, such as industrial electronics and consumer electronics, the ISCET serves a critical need in both the service industry and the appliance repair industry.
According the US Bureau of Labor Statistics (BLS), in May 2015 an appliance repair technician was projected to make anywhere from $10.41 per hour to $29.19 per hour. This adds up to a median annual salary of $36,200. Wages vary depending on type of equipment repaired, location, and the skill level of technicians. It also depends on the type of technician: for example, natural gas distribution and wholesale electronic brokers and markets were the top-paying industries.
The U.S. Bureau of Labor Statistics predicts a decrease of 3% in employment opportunities for appliance repair technicians over the decade-long span of 2014-2024. This adds up to a total loss of 1,600 jobs. However, an increase in the average pay is projected along with the decrease in jobs, making this a worthwhile industry to consider.
The appliance repair industry offers many things worth looking forward to. It is a well-paying industry that offers variety, flexibility, and growth. It also includes such practical advantages as the possibility of certification and promotion. Whether you go through an apprenticeship or undergo more formal training, there is always opportunity for employment and potential for advancement.
Have you ever been glued to the television watching Project Runway marathons while following along with the challenges, sketching along, and perhaps even sewing your own designs? When you were a kid, did you use your allowance to purchase all the top fashion magazines (and perhaps, you still do)? Has becoming a fashion designer all you have ever wanted to do, but besides having the ideas and talent you are not sure how to go about it? Then this article is the perfect read for you.
Who can become a fashion designer? You must be creative. You must be able to not only sew, but enjoy doing it, because you will do a lot of sewing. Designers need to understand pattern making, cutting, grading and garment construction. You should have an eye for textures, textiles, colors, and patterns. A designer should be able to visualize in three dimensions, see the movement of the fabric, different fabrics together, and the entire garment as a whole. You should be able to take an idea and execute it into a final project that impresses and inspires something new and exciting.
You should love following not only the latest trends in fashion, but also have a love and appreciation of the history of fashion. You should be innovative in the creation of new fashion-forward ideas while saluting the past and paying homage to the pioneers of trend and textile. Embracing the nostalgia of fashion brilliance from decades past and recycling the creative ideas by folding them into your own brilliance will give you an edge above your fellow designers.
A fashion designer is an artist, but someone who is also able to see the future. Fashion is a cutthroat business. In order to succeed, a designer must be able to create new trends. He or she must be able to innovate new pieces that are not only attractive but also wearable and unique. A designer should evoke passion and contribute to the constant revolving evolution of the fashion industry.
After realizing the desire to become a fashion designer, you have to study. The first step towards a career for a designer is to attend a college that has a bachelors program in fashion design or merchandising. Some of the most prestigious fashion designer program schools include Parsons, The New School for Design, (FIT) The Fashion Institute of Technology, Pratt University, Kent State University, Rhode Island School of Design, Savannah College of Art and Design, and The Academy of Art University.
In the right program, you will learn how to construct various types of garments from ladies to menswear and from everyday fashion to Couture. You will learn how to create fashion illustrations by hand and using the most up-to-date digital illustration design technology. You will learn about textiles and how important and crucial they are to a successful designer.
Your fashion design courses will teach pattern making both forwards and backward. This means you will be able to create a pattern and then make a garment, but you will also be able to take an existing garment, deconstruct it, and then make a pattern from it. You will also learn about the fashion industry's business side. You will study how to solve problems, plan shows, execute designs on a budget, promote yourself to fashion houses and buyers, and you will learn how to communicate your designs to others.
One of the most important things you will do while attending school is start building your portfolio of designs. Your class projects are a great place to begin. Your beginning portfolio will show your growth as a young designer. It will also represent your own unique voice as an artist. If you don't have a niche yet, that is okay. It will come with time as you learn the different styles and genres of fashion design and where your own view and creativity fits in.
Your portfolio will help you get your first internship. It will help you get jobs and be invited to guest design for fashion industry events. It will help you get an apprenticeship or get into the top graduate programs as well.
There are many types of careers in the designer business world. Studying fashion and design can lead to a life path you may have not set out on at the beginning but could easily step into as you learn the daily happenings of a fast-paced, inspiring, collision course of an industry. You may have the idea that you want to design your own collections, for example, but then work as the head stylist on The Bold and the Beautiful and win an Emmy.
As a fashion designer, you fill a role with the highest profile in the fashion industry. You are the genius behind creations of clothing, handbags, shoes, hats, socks, stockings, and more. You may design children's wear, menswear, ball gowns, women's lingerie, or any other clothing design focus. You may work for a big fashion house, in large retail branding, or small boutique design. You may also be a freelance designer.
Besides designing garments, there are other avenues for fashion designers to find work in. There are jobs as fashion illustrators. Illustrators use the top digital fashion design technology to convey the ideas and creations of fashion designers. You can also work as a merchandiser, pattern maker, a textile designer, a fashion buyer, costume designer, a fashion stylist, or a personal stylist. There are also careers in garment technology, fashion public relations, fashion editing, and fashion writing. If you are brilliant at construction and design, you may also want to teach.
What are the main job duties and responsibilities of a fashion designer? There are several markets in the fashion industry and depending on where you fit in as a designer, some duties will include visualizing an idea and conveying it to a design by hand or computer, being able to select appropriate fabrics, making patterns, constructing garments, inspiring others, being able to market your designs and promote yourself, and also being able to find a voice in your artistry that is unique and will get others to take notice.
You also may study the latest and emerging trends of fashion by following the media, social networking, magazines, television, and movies and knowing what is popular among all ages and locations. Additionally, you will most likely find yourself needing to know the latest trends involving color, shapes, and textiles and being able to communicate clearly with those aiding in the execution of your designs.
Unless you catch a really big break, you are not going to start out your first year or even first five years as a fashion designer making a lot of money. The lowest range for beginning designers is between $30,000 to $40,000 a year. The median range for fashion designers is just under $60,000 a year, with the top designers raking in anywhere between $100,000 to $450,00 a year. As with any artistic career, a fashion designer must pay her dues.
Only 10 percent of fashion designers will actually be able to launch their own brand and have it sold in a retail market. Many designers will work under other designers who are already successful. For example, some of the most famous fashion designer brands such as Calvin Klein, Donna Karan, Ralph Lauren, Michael Kors, Karl Lagerfeld, and Stella McCartney all have numerous fashion designers working for them to continue to convey their design vision.
If you want to become a designer for fame and fortune, you may be disappointed. If you want to be a fashion designer because you used to make the coolest Barbie clothes out of tinfoil and yarn when you were ten years old, or you used to knit sweaters for your dogs and parade them in runway shows in the backyard, then you probably have a good shot in the fashion industry.
The number one requirement to be successful in the fashion business is to have passion and a true love for it. There are going to be a lot more disappointments than successes. However, if you don't care because you know being a fashion designer is being true to who you are as an artist and you accept that you may not be famous and are okay with it, then go full force. Follow your dreams and see what the industry throws your way.
Set up some goals for yourself. Make a checklist to accomplish those goals. Visit some schools. Visit some fashion houses. Go speak to some fashion buyers. Walk through a fabric store and touch as many different fabrics as you can. Attend as many fashion shows as you can. Work some internships or jobs in every different area of the fashion design industry. Take a leap and become a fashion designer.
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Remember the last wedding you attended? If you're a romantic type, you might describe it as beautiful, magical, or surreal. Even if you aren't, weddings should have a smooth and practiced feel, with all the pieces falling perfectly into place. Behind the veneer of lights, dresses, and champagne is a wedding planner who has been working for weeks, if not months, to make this day go off without a hitch.
The flowers, the caterers, the outfits, the venue—every detail in a wedding is the responsibility of this hero behind the scenes, down to making sure the toilet paper is stocked. A good wedding planner addresses all the little details, makes sure no part of the wedding is overlooked and will put in the hours necessary to ensure a perfect and memorable day.
If you believe you have what it takes to be a wedding planner and want to know more about this profession, stick around as we give you the rundown on the job duties, salary, and what it takes to become one.
A wedding planner is a specific event planner that deals entirely with nuptial celebrations. Generic event planners have many of the same responsibilities and deal with a variety of celebrations whereas wedding planners specialize in the many unique and nuanced aspects of a wedding.
Nearly all the work that goes into planning a wedding takes place far in advance. Clients will hire a wedding planner perhaps months in advance to help find venues and send invitations. The responsibilities of the planner vary from client to client. Some couples will elect to pass off nearly all responsibility to a planner while others delegate specifics they would like the planner to handle. The wedding planner can be expected to fulfill many of the following tasks:
This list is not definitive. Clients will often keep some of these tasks and will assuredly come up with additional tasks they would like taken care of. Many wedding planners have years of experience, and as they build confidence in their abilities, they can offer more services and advice.
Veteran planners become more of a mentor and intuitive resource for the couple, knowing what has worked and what hasn't in past weddings. Some clients may trust their planner with more personal decisions, deferring to their expertise in choosing dinner options, table settings, or music—things they may not have intended to seek advice on originally.
The day of the wedding, a planner is constantly on alert, making sure any hiccups that arise are fixed quickly. They are responsible for delegating duties to the many people involved in the wedding, ensuring bathrooms are functioning and waste disposal is sufficient, and coordinating musicians, videographers, and photographers throughout the proceedings.
A good wedding planner knows of any area where something could go wrong and is prepared with a contingency. He or she is also the last word on many decisions that need to be made quickly and must bear responsibility for how those decisions play out. With good planning, a wedding should feel natural and progress smoothly, but it is the wedding planner who bears the burden of the chaos and keeping it out of sight.
There are a few different routes to choose when becoming a wedding planner. Many weddings are planned informally without the use of a professional planner, so the requirements to be one are not fixed and vary wildly. More necessary than any formal education is the skill set necessary to plan a large and multifaceted event.
It is unnecessary to have any formal training to begin work as a wedding planner. However, many established event planning services exist and to compete with or be hired into one of these companies, you may need training or formal education. Many wedding planner and other event planners/venue managers have degrees in fields related to the industry.
Degrees in business, marketing, or management can be helpful. Not only does the job require that you be ready to handle price negotiation, hiring staff and vendors, and managing the budget for the wedding, planners are often self-employed and must manage their own finances and the many challenges of running a small business. Similarly, hospitality and hotel management degrees can be useful as there is much overlap in the planning process and customer service.
With the rise in popularity of large wedding events, there are now certification programs for wedding planners. Many colleges and university extensions offer programs that teach the many sides of wedding planning. Students can expect to learn the basics of wedding structure and scheduling, bookkeeping, and customer service skills. These can provide much-needed information and build skills necessary to the profession as well as help with marketing oneself to prospective employers or clients.
More important than any degree is the skill set and temperament needed for managing a wedding. Many planners have no degree and go into the service alone, building up their competency and reputation as they go. Others will work for another planner; either as an employee in a larger company or as an apprentice to another wedding planner. Regardless of the path, there are certain skills needed in the field:
Many of these things cannot be taught in a classroom environment which is why there is no one educational path to becoming a wedding planner. Many planners start as servers, restaurant managers, or hospitality workers. The best planners are those with a proven track record, who have experience with the inner workings of the service industry, the food industry, the flower industry, etc.
Weddings are the intersection of so many disparate businesses, professionals, musicians, and cultures, that it takes someone with an ability to learn, understand, and adapt. These qualities are more valuable in the wedding planning profession than memorization of facts.
It is also useful to have a good eye for beauty and decorating skills. Not all planners involve themselves heavily in the aesthetic process of the wedding. They may defer to decorators and contractors whom they trust to make decisions. However, there are several aspects to a wedding that require an eye for aesthetics (invitations, table settings, clothing, etc.), and it is difficult to coordinate a wedding without one.
Compensation depends on each wedding planner's business model. Typically, the planner will receive a percentage of the cost of the wedding as opposed to a fixed rate or hourly wage. This percentage can change but is usually around 10%. With this model, a wedding planner must be diligent with their time, ready to work difficult hours, and accepting of any errors on their part (for which they won't be compensated). The more skilled and efficient a wedding planner, the less stressful and more rewarding the job becomes.
The most well-known professionals in the wedding-planning industry can often command a high price tag. Celebrities and other wealthy clients will turn to those at the top of the industry, trusting them to provide a seamless and unique experience.
There are a few factors that heavily impact the salary and job outlook for wedding planners, including season, locality, and social media.
First, weddings are seasonal events and most planners will be busy in the summer months while the winter months will bring scarcity. Most clients prefer not to schedule a wedding around the holidays as other spending and travel habits get in the way. Also, the winter months are colder and typically less predictable regarding weather. Those who plan weddings for a living need to be financially prepared for hills and valleys in terms of work and income.
Second, weddings are a large expense, made larger by hiring a planner. Wedding planners often struggle more in rural areas and areas with a lower average income. Weddings in rural areas also tend to have fewer guests and a smaller price tag in all regards, making it less lucrative for a planner.
The last factor to consider regarding salary is the role social media is playing in the wedding planning industry. With social media being such a popular avenue for advertisement, most bakeries, musicians, and venues are marketing directly to the public in ways they haven't in the past. As a result, many couples are doing their own wedding planning.
To make a profession out of planning weddings, one must have a very diverse list of skills and qualifications in addition to possessing the traits of a business owner, decorator, manager, and friend. The bride and groom rely upon their planner to ensure that their special day is everything they envisioned. It comes with many pressures but also the joys of seeing hard work come to fruition.