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4 Highest Paying Jobs In The Field Of Psychology

One of the most popular degrees, aside from Business Administration, is Psychology. There are various career paths to choose from including the fields of Forensic Psychology, Sport Psychology, Counseling, Clinical Psychology, School Psychology, and so on. Also, you can choose to work with children, youth, or elderly. All you have to do is search for what you are truly passionate about.

Now, if you desire to earn big in this area, here is the data from 2011-2014 to show the 4 Highest Paying Jobs In The Field Of Psychology…

4. FORENSIC PSYCHOLOGIST

Minimum Requirement: Master’s degree in Forensic Psychology. But, doctorate degree in forensic psychology, clinical psychology, and counseling can get you a better salary.

Forensic Psychologists carry out duties that are related with the law such as examining abuse, providing expert testimony, preparing witnesses of the court, training officers of the law, and profiling criminals.

3. ENGINEERING PSYCHOLOGIST

Minimum Requirement: Master’s degree. But, doctorate degree in Engineering Psychology will find you greater employment opportunities and better salary.

Due to the 21st century technology, there is a rapid growth in the demand for Engineering Psychologists. Engineering Psychologists focus on upgrading the technology, machines, and workplace environment to increase productivity and minimize danger. This in return will enhance the behavior of the employees and the people around.

Image Credits: Frits Ahlefeldt-Laurvig via Flickr

2. INDUSTRIAL/ORGANIZATIONAL PSYCHOLOGIST

Minimum Requirement: Bachelor’s degree in Industrial/Organizational Psychology. But, masters and doctorate degree will find you greater employment opportunities and better salary.

Industrial/Organizational Psychologists usually work in the corporate setting to help improve the performance and efficacy of the workplace. They are involved in examining workplace culture, employee training, human resources, and marketing strategies.

1. PSYCHIATRIST

Minimum Requirement: About eight years of post-undergraduate study with training.

Child Psychiatrists must be trained to treat children and teenagers who have mental disorders. While, General Psychiatrists do not specialize in a specific discipline. There are different kinds of Psychiatrists but one thing is for sure they are usually on the top of the list when it comes to salary.

Image Credits: Hartwig HKD via Flickr

Sources: 1, 2, & 3

Recruiting Millenials (Gen Ys) In Singapore’s Workplace

BACKGROUND

In a detailed survey by Robert Half, more than half of the local bosses in Singapore felt that people from the Generation Y (Gen Y) are hardest to recruit because of their unrealistic expectations. Following Gen Y is the Gen X and the Baby Boomers.

With a whopping population of about 90 million individuals of Millennials all over the world, the range of the generation is still debatable. Scholars defined the beginning of Generation Y as 1977 – 1981 while its end as 2002 – 2008. Studies on Gen Y, that are mainly comparisons of the different generations, are continuing to surface.

ISSUES AND SOLUTIONS

To prevent the costly process of recruitment and training here are some issues and solutions that may help…

1. UNREALISTIC EXPECTATIONS

Issue: Going back to the study done by Robert Half, it showed that the major challenges faced to retain Gen Y employees were unrealistic expectations on career advancement and wages.

Solution: Stella Tang, director of Robert Half Singapore, imparted that it is optimal for companies to engage the Millenial employees and give them roles that challenge their strengths in order to keep them. Also, employers must draw a comprehensive promotion path. While, Gen Y employees need to pace themselves and gain more experience before expecting a promotion

2. TECHNOLOGY DEPENDENCE

Issue: Employees from Gen Y often find the “shortcuts” to achieve tasks with the help of technology.

Solution: Embrace and accept technology. There is nothing wrong with going with the new tides because some of the marketing tools online can help your company advance. While, Gen Y employees need to perform the job effectively – even by shying away from technology at times.

3. CRITICISMS AND FEEDBACKS

Issue: Some Gen Y employees complain when given criticisms and feedback about their work.

Solution: Coming from the Gen Y, I know that we are more opinionated and outspoken about our rights than the previous generations. But, it is important to realize that constructive criticisms and feedbacks improve the company – its dynamics, products, and services. On the other hand, employers must approach them differently by giving constructive criticisms and feedbacks that instill confidence and direction.

Image Credits: Robin Hutton via Flickr

Ultimately, these are just guidelines that vary on every situation. I laud Gen Y for their enthusiasm and drive! Employees in Singapore and in the world must not be judge by their generation groups. Rather, they must be judge by their work ethics, experience, abilities, and growth.

5 Financial Steps You Must Take After Getting Your First Job

So you got your first full-time job after graduating…what happens next? You may be lost and unfamiliar with the new responsibilities ahead. So, it is best to keep your finances in check. These steps will help:

1. ALLOCATE YOUR FINANCES BY BUDGETING

List down your expenses (i.e., fixed and variable), your income, and debts. Be aware of your cash flow for at least 2 weeks to help you set up a budget. Do not panic if you still have to pay your student loan because a budget will help you plan your income allocation.

2. REDUCE YOUR STUDENT LOAN

Do not wait until the lender notices you have graduated, start now. The earlier you start making payments, the more you will save. Furthermore, if you have a private loan that you took out when your credit score was lower, there is a potential to borrow again at lower rate.

3. THINK ABOUT YOUR FINANCIAL GOALS

You may be living from paycheck to paycheck at the first few months but how about 4 years from now? Think about your long-term financial goals and start planning your budget accordingly. You may consider buying a house, traveling, or having kids, so start setting aside some money every month towards your goals. This will lessen the load and the stress.

4. CONSIDER BUYING THE INSURANCE YOU NEED

Insurance maybe in the back of your mind because you are young, healthy, and you got your life ahead of you. But, it will be the best thing you have ever invested on once accidents and unforeseen things happen. It is cheaper to buy insurance now while you are young because the risks are low. Many employers offer group life and group disability insurance, so it is more affordable and cheap enough to consider.

5. OPEN YOUR RETIREMENT ACCOUNT

I stressed this issue so much before and I will say it again. The best time to start your retirement savings is before you hit 35 years old. Wouldn’t you want to have a relaxing life with no financial worries once you retire?

Image Credits: 401(K) 2012 via Flickr

Then, set aside at least 5-10% of your income per month for retirement fund. Also, avoid debt as much as possible and get educated about your finances. Know how and why you should save for retirement before your mid-30s here.

4 Highest Paying Jobs That You Can Get With A Business Degree

One of the most sought after degree is Business Administration or any related Business course. If you desire to succeed in business, you shall not only focus on your grades but also on your networking both before and after you graduate.

Resources and connections play a huge part especially in the business world. Being able to keep in touch with your fellow graduates will help a lot.

Looking into the Highest Paying Jobs for Business Majors, I found a research by Monster.com and PayScale.com. Monster.com is an online global employment solution for people seeking jobs and for the employers who need the right people while PayScale.com provides salary data from its online database.

4. MEDIA SUPERVISOR

Average Salary: US$70, 800

Media Supervisors are usually found in the advertising or publishing field. They oversee media researchers, consumers, and planners to make sure that the right tone of ads appears on the social media, newspapers, radio, and TV shows. Their goal is to maximize the company’s media budget in the most productive way.

3. REGIONAL SALES MANAGER

Average Salary: US$71, 200

Regional Sales Managers are found in computer systems design, management, technical consulting services, agriculture, construction, health, pharmaceutical, and medicine manufacturing department. They develop goals and quotas, analyze staff sales, and manage training programs for the staff.

2. SENIOR FINANCIAL ANALYST

Average Salary: US$74, 500

Senior Financial Analysts are found industries such as banks, computer systems design, commercial equipment wholesalers, and security affairs. They are in charge of analyzing the data that affects the companies’ investment and other financial programs.

1. BUSINESS DEVELOPMENT MANAGER

Average Salary: US$82, 500

Topping the list are the Business Development Managers. Business majors in this line of work take advantage of business opportunities either by optimizing current revenue streams or creating new ones. They identify key partnerships, research information on consumers and competitors, and understand the industry’s landscape.

Image Credits: SmithGreg via Flickr

Popular industries that cater to Business Development Managers are consulting services, electronics and appliances stores, research and development services, and computer systems design.

Source: Monster.com

How To Earn Decent Money While You Travel

Tired of spending money while you travel? Then, do the opposite instead. To help you survive on the road or to give your travel fund a boost, explore creative ways to earn money while traveling. Here are 5 Ways to help you start…

Image Credits: Moyan Brenn via Flickr

1. TEACH ENGLISH

Hundreds of job opportunities that cater to TESOL (Teaching English to Speakers of Other Languages) certified individuals, native English speakers or people who are fluent in the said language. A simple way to make a buck is to check out Dave Sperling’s ESL Cafe.

ESL Cafe is a website that is open for people who teach English and provides them students from around the world. You may send your resume or C.V. to schools and individuals in South Korea, China, Japan, and other locations.

You can also teach English online abroad while you travel.

2. ONLINE FREELANCE WORK

Whether you have a talent in writing, marketing, administrative work, advertising, legal work, engineering, illustrating, and web design among others…there are websites that provide opportunities for online freelance work. You can do your job anywhere even if you’re inside your Bali hotel’s balcony enjoying seaside view.

You can be an Odesk.com online freelancer. Payment is painless because Credit Cards, PayPal accounts, and Bank Accounts are accepted. There are work diaries that capture your work-in-progress and snapshots your screen so don’t try to cheat.

3. GET A WORKING HOLIDAY VISA OR WORK HOLIDAY PASS

By getting a working holiday visa or a work holiday pass you may legally work in countries such as Australia, New Zealand, France, Ireland, and Canada while you travel. The general age of qualification is aged 18 to 30. Aside from working, one sweet deal is that you may stay for up to a year in some cases.

Singapore also offers the same pass to people who studied or graduated in universities from nine countries namely: New Zealand, Switzerland, United Kingdom, Australia, France, Germany, Hong Kong, Japan, and United States.

4. HOSTEL, RESTAURANT, AND RESORT JOBS

In exchange for free bedroom accommodation, why don’t you work in either the hostel’s front desk or the cleaning services? Hostels are usually looking for new staff and the same goes for resorts.

For resorts, you make take on jobs on the front desk, restaurant, and entertainment department.

Lying on the country’s classified ads are cafe or restaurant job opportunities. Flip it open and apply. Explore your options to choose the best working hour that fits your travel itineraries.

5. BE CREATIVE

There are tons of ways to earn and all you have to do is get creative.

Image Credits: martinak15 via Flickr

What valuable talent or goods can you offer in exchange of money or free accommodation? You may teach Yoga or musical instruments, sell your photographs or timeshares, and housesit a property overseas. Your imagination is the limit!

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