CSM 204 Chapter 2 LectureOutline of Previous Lecture I. Personal Financial PlanningII. Level of Living vs. Standard of LivingIII. Financial SuccessIV. Steps of the Financial Planning ProcessV. Developing Personal Financial GoalsVI. Influences on Personal Financial PlanningVII. Coping During Difficult Financial TimesVIII. Opportunity CostsIX. Components of Personal Financial PlanningX. Implementing Your Personal Financial PlanXI. Quiz 1-1 AnswersOutline of Current LectureI. Career Choice FactsII. Trade-Offs of Career DecisionsIII. Career Training and Skill DevelopmentIV. Informational InterviewsV. Career Planning and AdvancementVI. Fields with Hiring PotentialVII. Obtaining Employment ExperienceVIII. Career Information SourcesIX. Career Advancement TipsX. Quiz 1-2Current LectureChapter 2- Financial Aspects of Career PlanningCareer Choice FactsCareer Selection requires planningThe average person changes jobs more than seven times over a lifetimeJobA position obtained to earn moneyCareerA commitment to a profession that requires continued trainingTrade-Offs of Career DecisionsThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.Risks and opportunity costsPersonal versus professional goalsPersonal, social and economic factorsCareer Training and Skill DevelopmentThe Skills GapFind the skills gap in your chosen area and try hard to get those skills before you graduateTechnical SkillsSkills specific to a professionOften learned during college, internships, or training programs at workGeneral SkillsWork well with othersTaking initiative to meet challengesInterest in reading and continual learningCope with conflict and changeFinancial awarenessProblem solving abilityExcellent communication skillsInformational InterviewsWhat skills are needed to be successful in this career?Career Planning and AdvancementAssess goals and abilitiesEvaluate employment marketDevelop resume and letterInterview and assess performanceEvaluate positions offeredAddress career developmentFields with Hiring PotentialInformation technologyHealth CareMedical TechnologyEnvironmental servicesBusiness servicesSocial servicesSales and RetailingHospitality and food servicesManagement and Human ResourcesEducationFinancial ServicesObtaining Employment ExperienceCampus projectsInternshipsVolunteer workPart-time employmentFull-time employmentCareer Information SourcesLibrary and Online InformationOccupational Outlook HandbookU of A Career CenterNetworkingCommunity organizationsProfessional associationsBusiness contactsInformational interviewElevator pitchReferencesCompany visitsCareer Advancement TipsUnderstand organizational needsFind mentorsVolunteer for new assignmentsSign up for employer-sponsored training and seminarsAttend meetings and conferences in your fieldComplete certification programsTake graduate level coursesStay alert to changes in your fieldBe up-to-date on current eventsBe actively involved in something other than workChange jobs when appropriateQuiz 1-21- true3- the most satisfying job activities1- assess2- false4- all of the