Category Archives: Education

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Security Clearance, “In Many Cases It’s Better Than Having an MBA”

CAREER HACK: If you are in an area where Security Clearance positions are in demand consider applying for these positions and gaining clearance. If you are able to receive Security Clearance it can boost your salary by 25% on average while providing stronger job security.Career Hacker careerhacker.com Bill Inman Employment Jobs Interview Resume Blog Success Boss Work Hiring

Would getting a security clearance be better than getting an MBA degree? The Associated Press in their article “Security Clearance a Valued Resume Credential” discusses the advantages of having this clearance which is in high demand. Here are some highlights from the article:

  • Job candidates with security clearances are hotter-than-ever commodities in the Washington area and elsewhere, due to higher demand, tighter security requirements and a wave of baby-boomer retirements”
  • “If a soldier has good skill sets in the IT arena, he’ll have a job offer in five minutes”
  • “We see people hoping to retire, and their employers are pleading with them to stay. They say, ‘We’ll pay you another 30 grand to stay on board.”‘
  • “Estimates are that there are 100,000 unfilled security-clearance jobs, many of them in the Washington area, the largest market for such positions.”
  • “Those with security clearances earn an average 25 percent more than similarly skilled workers who lack them. That gap has been widening, too.”
  • “It’s in many cases better than having an MBA.”

Security Clearance a Valued Resume Credential. [Associated Press]

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Career Hacker * http://www.careerhacker.com * By Bill Inman * http://www.billinman.com

Then and Now – CEOs

Everybody starts their career somewhere,even CEOs. Below are some interesting profiles of CEOs and how they broke into the business world:


Gary Kelly

CEO, Southwest Airlines

THEN

  • First job after college:CPA for Arthur Young & Co. in Dallas
  • Responsibilities: staff auditor,CPA
  • Annual pay (2006 dollars): $47,996
  • College: University of Texas,Austin
  • Degree:BBA, accounting
  • Year of graduation: 1977

NOW

  • Started with Southwest: 1986
  • First job title: controller
  • Current annual pay (2005): $748,699 Stock options (2005): 10,617
  • Company sales (2005):$7.6 billion 
  • Net income (2005): $548 million
  • Employees (2005): 31,000
  • Other companies on resume: Systems Center
  • “[My first job] was an awesome learning experience about working with people and about business. And it was a lot of work. I had the second-highest overtime in the Dallas office”


Judy McGrath

CEO, MTV Networks

THEN

  • First job after college: writer, WEJL, Scranton, Pa.
  • Responsibilities: writing copy for radio DJs Annual pay (2006 dollars): NA (“I had six roommates in a one-bedroom apartment, if that tells you anything.”)
  • College: Cedar Crest College, Allentown, Pa.
  • Degree: bachelor’s, English literature
  • Year of graduation: 1974

NOW

  • First job title: writer, on-air promotion/creative director
  • Company sales (2005): $6.8 billion
  • Net profits (2005): $2.6 billion
  • Other companies on resume: Condé Nast, Rock the Vote
  • “Trust your own instincts, but know that the listener/reader is the boss. And music is the highest art.”


Andrew C. Taylor

CEO, Enterprise Rent-A-Car

THEN

  • First job after college: RLM Leasing, a Ford Motor affiliate in San Francisco
  • Responsibilities: leasing and sales
  • Annual pay (2006 dollars): $54,409
  • College: University of Denver
  • Degree: bachelor’s, business administration
  • Year of graduation: 1970

NOW

  • Started with Enterprise: 1964
  • First job title: car prep and management trainee during high school Company sales (2005): $8.2 billion
  • Employees (2005): 65,000
  • Other companies on resume: none
  • “I started learning this business when I was 16, washing cars at one of our St. Louis offices. At the time, Enterprise was primarily local leasing company with few locations. Now we have more than 6,900 locations worldwide….I’m proud of our growth and dedication to customer and employee satisfaction — the things that have made this incredible ride possible.”

View more profiles at: First Jobs: Lessons Learned. [BusinessWeek Onlne]

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Career Hacker * www.careerhacker.com * By Bill Inman * www.billinman.com

More Education = More Earnings

The more education one receives the more money they are likely to earn. The following chart shows how average weekly earnings are effected by educational milestones.

Earnings Chart
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Career Hacker * http://www.careerhacker.com * By Bill Inman * http://www.billinman.com

The Hot Major for Undergrads Seeking High Pay Is……

ECONOMICS

Jessica Vassellaro, of the Wall Street Journal Online writes, “according to the National Association of Colleges and Employers, economics majors in their first job earn an average of nearly $43,000 a year — not as much as for computer-science majors and engineering majors, who can earn in excess of $50,000 a year. But those computer and engineering jobs look increasingly threatened by competition from inexpensive, highly skilled workers in places like India and China.”

“Economics and business majors ranked among the five most-desirable majors in a 2004 survey of employers by the National Association of Colleges and Employers, along with accounting, electrical engineering and mechanical engineering. It wasn’t just banks and insurance companies that expressed interest in economics majors — companies in industries such as utilities and retailing did so, too.”

“Indeed, the rising popularity of the economics major appears to be a global phenomenon. A recent McKinsey Global Institute study found that the share of degrees in economics and business awarded in Poland from 1996 to 2002 more than doubled, to 36% from 16%; in Russia, the share jumped to 31% from 18%.”

“Pooja Jotwani, a recent graduate of Georgetown University in Washington D.C., says she is certain her economics degree helped her land a job in Lehman Brothers Holdings Inc.’s sales and trading division, where she will earn $55,000, not including bonus.”

The Hot Major for Undergrads Seeking High Pay Is Economics. [The Wall Street Journal Online – Jessica Vascellaro]

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Career Hacker * www.careerhacker.com * By Bill Inman * www.billinman.com

Search 12,000 Job Descriptions

CareerPlanner.com Career Hacker Bill InmanFrom ‘Able Seaman’ to ‘Zoologist’, CareerPlanner.com has over 12,000 job descriptions you can search for free. Why is this valuable to you? You might use this information to:

  •  Enhance your resume by adding some of the skills mentioned in CareerPlanner.com job descriptions to the previous or current position(s) listed on your resume.
  • Understand better what it will skills and abilities it will take to make a move towards a new career path.
  • Find job related keywords, on CareerPlanner.com job descriptions, that you can plug into job boards and search engines to locate hard to find positions.
  • Find out what skills you might be lacking in your current job and what you need to improve upon.
  • Write a great job description for an opening in your department.

All CareerPlanner.com job descriptions contain (1) a description, (2) required knowledge (3) required skills (4) required abilities and (5) job activities. You can search by RAISEC career code, keyword or term, or browse alphabetically.

CareerPlanner.com Job Descriptions. [CareerPlanner.com]

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Career Hacker * www.careerhacker.com * By Bill Inman * www.billinman.com

Conventional Career Success Frustrates High Money Earners

Money Frustration“There are people who assumed that their hard work and conventional ‘success’ would leave them with no worries,” writes Matt Miller of Fortune Magazine. These people include doctors, accountants, engineers, lawyers, and Vice Presidents. The frustration of these individuals lies in the fact that there is seemingly no way for these to live with ‘unlimited’ means even with a large income. Is this attitude based in greed or are there deeper career challenges that limit our earnings potential and rewards even if we become a high money earner in the U.S.? Will we be able to retire early? Do we believe that a degree or advanced degree with carve a path towards financial freedom? Read the following article to learn more about this ‘bubbling’ frustration.

 Revolt of the Farily Rich. [Fortune – Matt Miller]
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Career Hacker * www.careerhacker.com * By Bill Inman