Who should we hire Education vs. experience Research Paper

Who should we hire Education vs. experience - Research Paper Example Would an individual with extensive experience in a certain field have an advantage over another who has passed through the ranks of higher education with exemplary grades or vice versa? Careers are solely served by experience since people with experience will take off quickly on the job and become company asset from the very onset. Work experience is a priceless asset that demonstrates one’s enthusiasm, knowledge and skills for a particular job. It is thus clear that employers prefer experience to education in recruiting employees since the former take on-board experienced talent that contributes to productivity of organisations from the first day. Today’s job market features people who are either book-smart from academia or those who have real work experience. In rare cases one will find job seekers who are well rounded in both fields and hence when hiring, the employer has to narrow down on the best candidate to fit the job description. When an individual is well educ ated it means that he has succeeded in academia and his knowledge opens opportunities for him. A degree from a top institution opens doors simply through reputation and it signifies that the graduate studied under well-trained lecturers and immersed oneself in a particular discipline; obtaining a broad set of educational skills and expertise in that field. A higher degree is a show that a graduate possesses a particular set of skills that has the ability to be translated into work skills. Whilst, working experience is a proof to the employer that the potential employee has real-work skills and experience. A college degree is only helpful in understanding theories in the work place but practical realities of a certain job are only attained at work. â€Å"Higher Education only proves you can succeed in academia, not in a real-world job† (Mueller 1), and this indicates that experience is preferred to education in jobs market. In today’s competitive job market the employer s are lowering fresh hiring in favour of candidates who have work-experience, and often prefer â€Å"...to take on-board experienced talent who can contribute to their productivity from the first day† (Saha 1). This is influenced by several factors; working experience provides exposure that is much needed in the working environment. The working environment is characterised by multiple situations, circumstances, variables, problems and their suitable solutions and therefore an experienced hand has an advantage in dealing with the various work-related issues. Exposure gives the employee the ability to predict and foresee future variances and hence able to make adjustments to prevent adverse variances, therefore forming a great advantage. Furthermore, working experience provide one with a huge sense of interpersonal compatibility by building better interpersonal skills. This is built by having worked with different groups of people who emerge from varied backgrounds, abilities a nd experiences; at the same time ensuring working together to direct their efforts to get the work done successfully. Experienced talent is majorly accompanied with the knowledge of interacting with different profile of people both on a domestic and world level. Experience promotes one’s understanding of synergy in achieving a unified goal and teaches one that best results are hardly achieved in solitude; but in integration which pools different expertise to achieve best results at work (Saha). In addition, experienced talent has a multi-skill capability that adds value to an individual as he presents himself for a job opportunity. The multi-skill capability is gained over a long period of time as one is involved in doing different roles; adding an advantage as one applies for a job.

Career plan Assignment Example | Topics and Well Written Essays - 1250 words

Career plan - Assignment Example Bob Bridges introduced him to the world of financial markets. Gardner was taken to major financial firms like Merrill Lynch, Paine Webber, E.F. Hutton, Dean Witter Reynolds and Smith Barney. The main factor attributable to his success is the immense passion he had for the career. Gradually he stopped attending his sales calls and spent more time in meeting and networking with managers. Even at this time he was at the height of personal problems including break off with live-in girl friend, homelessness, imprisonment for 12 days etc. He started as a trainee at E.F. Hutton. He quit his job and joined for a full time training program in stock broking. But due to some unfortunate incidents he could not be hired as a permanent employee. He then enrolled for a training program at Dean Witter Reynolds where he worked with dedication to make maximum sales calls for a very low stipend. After completion of the training he was hired as a full time employee in the company. He was later on recrui ted by Bear Stearns & Company. His success took another step when he established his brokerage firm, Gardner Rich & Company which was specialized in the trading of debt, equity and derivative products. Thereafter, there were no bounds in his life, both professionally and personally. My career path A well planned career path is essential for being successful in the desired career. The following career path will be the best option to be a successful stock market investor and trader. Keep track of current events: Being aware of the current events and the ability to assume the future based on it is the primary requirement to be successful in stock markets. This can be achieved only if we keep our eyes and ears open. At least 2 hours in a day should be spent on reading general and business newspapers, business magazines like ‘The Economist’ etc. Keeping track of the events this way will help us to feel the market and its complexities. The stock market is very sensitive to th e happenings around the world. The happenings can be business, social, environmental, political and so on. Watching business news every day is essential for this career. This step is not a process. This is an activity that has to be continued at every level of the career path. Enroll as a management trainee: Enrolling as a management trainee is the first step. At first, a good company should be chosen for pursuing the training. Considering that the company chooses the candidate as a management trainee, every next moment should be an investment for the future. As a management trainee one should be made to sit on the trading terminal. In other words management trainees should be considered as share traders. As share traders, one should not be confined to just punching the orders based on the customer requirements. Even as a trader, strategic thinking should begin. Effort should be made to analyze the market and scrip movements based on the knowledge of the market happenings. Spending at least one year as a share trader will give a good hands on experience on the markets. Acquire certifications and licenses: Acquiring certifications and licenses is very important for getting recognized in the system. While continuing as a trader, preparation should start for Series 7 exam. Series 7 is the primary exam to be given by a stock trader. This exam can be taken only through a firm sponsorship. The company where we are employed as trader will be the