This is how much your parents jobs determine your future career

This is how much yur parents jobs determine your future careerThis is how much your parents jobs determine your future careerYou inherit more than your parents values - what your parents do for a living can make it more than 400 times more likely that you will inherit their career and follow in their footsteps, a New York Times analysis of decades of General Social Surveydata found.There were certain parental professions that had a stronger pull than others. Legislators, lawyers, military officers, bakers, and doctors were among the top jobs children were most likely to inherit. Sons were 20 times as likely to become a scientist if their mother was one. If your father is a fisherman, you are 362 times as likely to grow up to be a fisherwoman if youre his daughter.The effect of parentsMothers had just as strong an influence as fathers when it came to their childrens futures, the study found.Overall, sons were 2.7 times as likely to do their fathers job and twice as likely to do their mothers job, while daughterswere 1.8 times as likely to have the saatkorn job as their mothers and 1.7 times as likely to have the same job as their fathers.Beyond the built-in connections and contacts you get if you follow your parents careers, the Times analysis argued that children pursue their parents careers because of the breakfast-table effect We grow up learning how our parents do their jobs in our homes as we see them return from work and discuss it with us. They give us the language to see their career as attainable before weve even started it.If you can see the path before you, its much easier for you to follow it.Unemployment can be generational, tooInheriting our parents thoughts about work can backfire, however. Children of unemployed parents were more likely to grow up with no idea about what they wanted to do with their careers, the study found.Of course, your parents occupation is one determining career factor among many. Children can rebel against their parents ch osen path of doctor, lawyer, or teacher and live out life as a farmer, artist, or vagabond. But as this survey reminds us, our parents have an outsized impact on our life and can set the course of our futures in unseen ways only felt years later.

5 Keys to Building a Fulfilling Career in Data Science

5 Keys to Building a Fulfilling Career in Data Science5 Keys to Building a Fulfilling Career in Data Science Data science has been sitting pretty for the past few years. The rapidly growing field has been referred to as the sexiest job of the 21st century , and demand is higher than ever for qualified data scientists and advanced analysts.Recent findings from IBM predict that the need for data scientists will increase 28 percent by 2020, with nearly 3 million job openings for data professionals. The same report found that these jobs tend to remain open longer than average, taking an average of 45 days to fill. Considering the average annual salary of $105,000 for a data scientist, its somewhat puzzling why supply has not kept pace with demand.Thats in part because the field is evolving as you read this. Universities, companies, and workers are only beginning to explore this uncharted territory, and a common framework or vernacular for data science jobs and skills doe s not exist.Its a relatively new field, making it attractive to both young and established workers who want to develop skills and carve out a fresh career path.Here are a few things to keep in mind if you decide data science might be the right fit for youYour first step is to determine which division of data science you want to be in. Thankfully, the field is as broad as it is deep. Theres something for everybody, and you have the ability to choose the subfield that makes you tick. Whether youre interested in machine learning, data engineering, software engineering, spatial design, or even business analysis , there are plenty of options.Only a few traditional universities and schools offer data science degrees, but there are hundreds of online courses that allow people to hone their skills. The field is still evolving, so ongoing education is important - keeping up with the latest developments will be key to standing out.Learn, practice, and put your skills to use as much as pos sible. At the same time, try to share your knowledge with other people. In a relatively new field likedata science, everything you do sets the industry up for the next generation. Its important to lay a solid foundation that professionals can build on for years to come.Building your online brand is vital to your success in this growing field. If you dont showcase your expertise, recruiters will not know how skilled you truly are. A professional website doesnt need to be extensive - a quick bio, work history, and educational details are all you really need - but it will go a long way toward helping recruiters understand what you can bring to their companies.Once you have a website, make sure to add the URL to your business card. Bring those cards along when you attend data science events , which can help you flesh out your network. There are millions of data scientists doing incredible things, and meeting them is a great way to improve yourself.If Im being honest, data scientists arent always the best communicators. We sometimes struggle to convey our insights to company decision makers. If you can master some key communication skills, youre already one step ahead of most. Be able to summarize what youve found in the data, and provide actionable steps to top dogs who can apply your findings throughout the business.5. Focus on your strengths, and ignore your weaknesses.Perfect the skills you already have instead of working to become moderately talented in every area. This will set you fremdartig from candidates who are OK at everything but lack any clear-cut strengths. If youre naturally gifted at analyzing large data sets, for example, you should work to bolster that strength and give yourself an edge.Data science roles will only continue to grow in demand as the field becomes an integral part of the business world. It requires a thirst for knowledge, hard work, and constant self-improvement, but so does every other profession. The good news? Data science i s just getting started, and the playing field is wide open. Individuals who are willing to invest time and energy can make it as data scientists , change their lives, and discover a rewarding profession that plays to their strengths.Kirill Eremenko is the founder and CEO of SuperDataScience , which provides online coursework and educational resources for people in data science. Kirill is a data science entrepreneur who has worked in the field for more than seven years and in education for three years. With more than 20 online courses and hundreds of thousands of students, Kirill is passionate about delivering high-quality, accessible education to the world. Follow Kirill on LinkedIn .

Breaking into Investment Research

Breaking into Investment ResearchBreaking into Investment ResearchLets take a look at the recent graduate position.Investment Research AssistantInvestment research assistants work with senior research analysts to help in developing investment recommendations to portfolio managers. Recent college graduates will spend, on average, 2 to 4 years in this role before returning to business school. However, some of the most successful assistants are often promoted directly to research associate (most of these fast-trackers will have completed their CFA while working as an assistant).The investment research assistant is responsible for helping to monitor the industry and changes within companies covered in the industry, and for updating financial models accordingly. Assistants collect data for industry data services, company conference calls and surveys. For instance, in the previous Apple Computer example, the assistant would be collecting data about consumer demand and input prices for s emiconductors. Additionally, the assistant provides support to the senior analyst in the construction of recommendation reports sent out to the portfolio managers. Specifically, the assistant updates charts and modifies numerical sections of the report. While some of the work is routine and the hours are long, assistants are sitting next to, and learning from, the intellectual capital of the firm. A good analyst will teach you the ropes, including the intangibles behind analyzing companies, financial valuation and industry knowledge.The role of investment research assistant requires a high level of quantitative knowledge. Primarily, a basic working knowledge of accounting, financial markets, financial analysis and statistics is needed for this position. Aside from a strong quantitative background, research assistants need to be detail oriented, analytical problem solvers, diligent, and superior communicators. Generally, firms are looking for finance or accounting majors for these jobs, but engineers and science majors are also coveted for technology and health care related industries. UppersGreat quantitative experienceMost portfolio managers were once in researchGain industry expertisePays wellTypically a collegial environmentDownersLong hours (60+ hours/week)Lots of independent time in front of the computerRepetitive assignments