Industrial Outlook
The industry under focus in this paper is the Management Occupation which is essentially one of the most crucial careers in the contemporary economy. Understandably, almost all industries depend on management to oversee the running of business and organizational operations. As such, it is a critical and sensitive industry thus informing the decision to focus on it. In regard to the position, the paper will be focusing on the portfolio management docket which is mandated to analyze and determine the investment mix. Portfolio management is very crucial because it helps an organization to manage wealth, determine the best investments, and distribute risks to different investments. To start with the broader industrial standing, the Bureau of Statistics has projected that the employment emanating from the management occupations is expected to rise by about 6 percent in the next nine ten years starting from 2014 to 2024. This percentage is almost equivalent to the mean percentage of all other industrial employment rate projections. According to the department, the percentage increase will lead to a n additional 505,400 occupation by the year 2024. In this same regard, according to the American job center, the total expected new jobs by 2024 is about 626,700 employment positions (Management of Companies and Enterprises Industry para. 1). The increment is attributed to the expectation that new organizations will be formed in the coming years while the existing ones will expand hence creating more occupational space for employees. In general, the management occupations were found to have a median payment of $97,230 per year (Management Occupations para. 1). This was according to the data collected in 2014. Actually, it was noted that this was the highest payment in comparison to other main employment areas.
Portfolio managers are mandated with the role of managing and evaluating the investments made by the organization with a view to understand whether they are viable ("Portfolio Manager Salary para. II ) The managers may also be obligated to evaluate and analyze the complicatedness of a bank setting or determine the minimum, medium or high value. Essentially, there are three crucial levels of portfolio managers including Portfolio Manager I, Portfolio Manager II, and Portfolio Manager III. There are various aspects that characterize the portfolio managers in terms of payment, licensure, and skills require as shown in the table below.
In light of developing the SMART Goals, four categories will be considered in this case. The first one will be networking because it plays a crucial role in identifying potential employers and sell personal capabilities.
Works Cited
"Management of Companies and Enterprises Industry." Management of Companies and Enterprises Industry. American Job Center, 2014. Web. 30 Jan. 2016. <http://www.onetonline.org/find/industry?i=55>.
"Management Occupations." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 2014. Web. 30 Jan. 2016. <http://www.bls.gov/ooh/management/home.htm>.
"Portfolio Manager Salary." Portfolio Manager Salaries. 2015. Web. 30 Jan. 2016. <http://www1.salary.com/Portfolio-Manager-salary.html>.
