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Business and Technology Articles Contributed by UWA Students

Category: Education

Finance jobs available for UWA students in Perth

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Students are becoming more tech-savvy nowadays with most turning to technology to earn their keep via stock-brokering online or investing in their own startups. However, there are still those who are more comfortable chasing after a more conventional path. For UWA students, this is good news as there are many pathways that await them upon graduating. More and more graduates are staying in the city to pursue their career and no wonder at that, since Perth has been rated as one of the best places to live and work, especially in the CBD. However, the most important thing before settling down is to find a job, and here are a few of the many career paths UWA students in finance can pursue. 

Tutor or lecturer for financial studies 

Give back to your alma mater by teaching. Not only can you start your independent research, they say that there is no better learning than through teaching. Furthermore, a job as a lecturer can rake in upwards of 137,000 per annum, and that’s not including the employer contributed superannuation of 17%. 

Furthermore, having graduated and worked at one of the top 100 universities in the world will give your resume a polished finish. 

Financial analyst

If you love numbers, you will love this job. It is your responsibility to crunch those numbers and balance those books. While some might call it a glorified accountant, you will also be involved in other projects that can improve the finances of the company. This gives you creative range to come up with proposals that will save money for the company or increase profits. In a smaller company, your job might include handling payments and invoices or journals. It’s a good entry job for those looking to climb their way up to becoming a financial manager, which will get you upwards of 135,000 per annum. 

Finance broker

If you’re naturally gifted with people and numbers, this is where your money’s at. While the median salary stands at 103,000 per annum, it is a very satisfying job. You are essentially the middleman for your clients and your job is to offer financial advice for forex and stocks. If you are good at marketing yourself, you should have no problem raking in more via consultations, commissions and depending on your client, you might find yourself with a salary that surpasses the average pay. 

Aside from technical skills, graduates should bear in mind that soft skills matter too. To all those who have yet to graduate, soft skills are the reason why you should get involved with the local community, social events and clubs. It will help you become a better team player and will hone your skills to becoming a team leader. Communication is an extremely important soft skill to have and what better time to hone it than at university, where there is a wide variety of personalities to interact with? 

Talent and skills testing is the new face-to-face interview

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Back in the day, the general recruitment process consisted of prospective employers asking for a resume, references, and possibly a portfolio when reviewing your application. The entire recruitment process was centred around firstly, how candidates look on paper, and secondly, how they can fit into the workplace of that specific job. These days, however, psychometric tests are the new CV. Undertaking these assessments can provide individuals with insight into areas that they must focus on more, as well as strengthening the skills that they are already have a proficiency for.

It is easy enough to assume that you have a strong sense of your skills and natural abilities, but it is another thing entirely to be able to execute them well enough to turn them into the foundations for a career. A university qualification does show potential employers that you are able to commit to the job and learn a course or skill, but the qualification is not a solid indication of how successful you will be in any given role at any given company. For this reason, employers have begun using other methods – like these talent and skills tests – to determine how prospective employers can learn about you and understand what you can bring to the table, as well as what they can offer you.

Skills tests have come a long way from their inception, with even titans of industry using them as part of their ongoing recruitment processes. This is especially true for graduates. When there are so many prospective candidates coming out of the same universities and colleges with the same credentials, it can be difficult to figure out which of them fit in with a company the best. Aptitude tests help companies to sift through the countless applications and find out which of the candidates suits the company culture and values the best, and who will contribute the most to the company overall.

These tests are used as a critical part of the standard modern recruitment process to determine an applicant’s ability to problem solve, reason, write coherently, and get along well and coexist with other individuals. While each of these traits is valuable in different ways, they each work in alignment with the traditional interview styles to forge a structured recruitment process that actively sorts through applicants in the most efficient way possible, allowing for the best outcome possible for both the companies hiring and those that are welcomed into said companies.

Established and trailed efficiency testing can be a valuable tool for anyone in the career field. Whether you are a recent graduate or a personal experienced in their field, these kinds of aptitude tests not only help individuals get jobs, but help them to excel and improve at them once they have them. Proficiency testing is relatively new, but it is quickly gaining traction as an invaluable recruitment tool for employers and an important talent and skill tester for candidates to have going into the recruitment process for any given position. Aptitude testing is the future of recruitment, and that future has been innovative even in its initial stages.

How Learning Agility Is Core Skill In Dynamically Evolving Workspaces

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Workspaces are changing a lot. Leading a project might not necessarily make you a leader. One of the most important skills that are emerging in the fields of leadership is “learning agility”. This has become a very important skill and depends on how quickly one can change themselves in challenging situations and learn from it. Research has found that the most common problem in the downfall of a leadership is failing to adapt to new changes. When a leader lacks learning agility, he hits a plateau. This can be a huge setback for the organization too and it can even cost them a fortune. Hence it has become imperative for organizations to find out potential leaders who have learning agility.

What is learning agility?

Learning agility is the ability to learn from unknown experiences and reapply the lessons learnt in other contexts too. The cut-throat world of business today needs leaders who can not just lead well, but can adjust to new things and learn quickly. The ability to adapt to changes and learn new lessons from it is known as “learning agility”. Experts claim that having learning agility is the single most important trait for a leader to have, as it can be ranked above intelligence and education. Relying on intelligence and education has only made executives stagnant. They sort of get complacent with their company’s position. They often fail at relationships, stop learning new things and are blind to their own faults.

How can it be measured?

Learning agility can be measured via five key dimensions. Here are they:

  • Mental Agility is the ability to work with complex problems.
  • People Agility is the ability to work with all kinds of people.
  • Change Agility is the ability to experiment and not be afraid to lead from the front.
  • Results Agility is the ability to deliver results for in situations that have not appeared before.
  • Self-Awareness is the ability to identify their own strengths and weaknesses.

Based on these dimensions there are tests to find people who have learning agility. These tests can vary from Learning Agility Indicator that finds out someone’s ability to explore, examine or imagine. Learning Agility Simulation, is another way to test a person for it. In this test, simulated exercises are created which are to be completed by the examinee.

Learning Agility Is No More An Option

The complex world of business no longer runs on sheer intelligence or high-profile professional degrees. It is an ever-changing world and those who do not adapt to the new ways, will surely hit a dead-end. Developing new leaders is a highly challenging task for organizations today. Using assessments that measure learning agility can help recognize potential leaders. It is not an option, but a necessary condition in today’s work environment.

One of the most potent and motivating quotation of today’s world happens to be Steve Jobs’ Stay hungry Stay Foolish. Nothing explains learning agility better than this quote.

Breaking into EdTech

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EdTech is the latest revolution in technological advancement to infiltrate the education industry, and it is the biggest and best yet as well. From online submissions and online examination software, to forging entirely digital learning processes like online lectures and tutorials, EdTech has disrupted one of the most important industries far beyond expectation. In what has felt like little to no time, EdTech has given the education industry a revolutionary regeneration that has sculpted the future of education.
EdTech is a virtual goldmine all around the world, and so it is not at all surprising that it has attracted the attention of countless entrepreneurs eager to dip their toes in new and exciting business opportunities. Because of its vast popularity among entrepreneurs, investors, and the education industry itself, EdTech is becoming more and more difficult a business to successfully break into. However, there are a few key tips that are the perfect stepping stones to entrepreneurial success in EdTech.
1. Do your homework
This seems like the most obvious thing in the world to some, but when you have a great idea it is easy to get excited and forget about doing your research. This applies not only to the market, but to the prospective audience and the necessity for whatever it is you are pitching.
Too often, eager entrepreneurs dive head first into an idea without genuinely thinking it through to begin with. EdTech is not a business you want to make this mistake in. Before investing and spending any money on this big idea, spend your time evaluating its potential value, the necessity for something like it in the market, and how it can assist the prospective buyers (the teachers, in this case). Preparation is your best friend.
2. Ensure your product serves a genuine purpose
Ensure your product has genuine purpose before investing any money into marketing, prototypes, or the like. A great idea is all well and good, but that same great idea is nothing without a purpose to work towards.
The best thing you can do for your product (and for the EdTech consumer market), is to take a step back, go into the field and have genuine, real-time conversations getting to know the individuals you want to cater your product towards. Get a feel for how they receive such an idea, and use that feedback to strengthen your resolve and your business plan going forward.
3.     Create an assister, not a replacer
Educators do not want to invest in any products or programs that are designed to eliminate part or all their job. Do not make the mistake of investing your money and time in developing and marketing a product that is designed to replace something that a teacher does.
For example, do not try to pitch a programme that will research, code, write, and print assessment outlines for the teacher. This is part of the teacher’s job – and an important one at that. Instead, try pitching and programming a system that randomises question order or categorises research for the educator to use. Pitches like this aim only to assist them in doing their job, not doing their job for them.

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