Career Path: Information System
Every individual enters a given career path with specific goals in mind. Though there may be many other goals that drive people into various careers, meeting financial needs is usually a central goal for many people venturing into the various career paths. This is also the case for information system careers. Information system careers are careers that entail construction of well designed business processes and ensure efficient management of information in ways that will lead to the achievement of the organizational goals.
Many opportunities exist within the Information system career path. However, with many individuals qualifying out of college with information system certificates, this career path has become increasingly competitive. In order to thrive in this career path and be able to meet your personal goals, it is necessary for any graduate to do a financial plan. Just like in financial planning, if the return on investments in a career path will not justify the expenditures, then the individual should reconsider his or her decision.
The cash flow is usually central to any financial plan. Cash flow statements assist an individual to track his expenses and income associated with a given venture (Anne, 11). The financial planning must follow systematic procedure. The first step in this plan is to clarify the current position of an individual (Anne, 9). When it happens that the individual involved is still in college, this will have various implications in terms of cash flows. Definitely, the individual is spending funds on this career path. This is in terms of education fee and other learning expenses. Chances that the individual is receiving income at this level and based on this career path is very slim.
The second step when making a career path financial plan is to identify goals and objectives (Anne, 9). This simply means what you would like to achieve through following the selected career path. One of the goals of selecting a career path in information system may be to achieve financial stability and independence in the years after completion of education. This goals and objective should also be clear and precise. The third step in this financial plan is identifying financial problems (Anne, 9). These refer to barriers that may hinder a person from achieving the desired goals and objectives. One financial problem in the information system career path is difficulties in securing a secure and well paying job. Another problem may be lack of capital to start own information system business venture.
The forth step is to identify alternative or solution to the financial problems (Anne, 9). An alternative to the problem of inadequate employment opportunity may be to make one self more competitive in the job market. There are many ways of achieving this. Some include going for professional certifications and improving your career experience through internships. The fifth step is the actual implementation of the alternatives while the final step will entail having constant reviews. Since the financial plan is a continuous process, it is important for an individual to keep evaluating him or her self on whether she is on track in achieving the established goals and objectives.
In conclusion, decisions to enter into career pathway are just as important as business decisions to venture into certain investment. This is because every career selected will have its own costs and benefits an individual. It is therefore important for an individual to make a financial plan when making a career decision. Central to the financial plan should be the goals and objectives of the career path.
Work Cited
Anne Expert (2011). Financial Plan. May 2, 2011. http://www.ativa.com/software/pdf_files/PToolkit5_SamplePlan.pdf
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