Pursuing a career in law has so many benefits. Some of them include a variety of employment opportunities in the private and public sector, a sense of fulfillment that comes from helping clients, and good pay. According to the Bureau of Labor Statistics and U.S. Department of Labor, the 2018 median pay for lawyers was […]
Financial Careers
What is an Interim Manager and How Do You Become One?
If you believe yourself to be a talented individual with strong leadership skills and you like the idea of changing your place of work from time to time then you may want to consider becoming an interim manager. This is a business leader who is appointed manager on a short-term basis while the business finds […]
PCI Compliance – What It Is and Why You Should Be Concerned About It
Cases of identity theft over the last decade have forced people to be more careful before sharing their financial information online. This wariness has also been extended to retail stores where people purchase items using their credit cards. This is not surprising considering 16.7 million people were victims of identity theft in 2017. A whopping […]
Business Process Outsourcing For Insurance Companies
Outsourcing (BPO) is a situation whereby a company hires an intermediary provider to handle a number of its daily business operations. Outsourcing began in the manufacturing sector, but has gained popularity in other segments especially the insurance sector. This is because it is a critical and valuable tool that promotes efficiency and stimulates productivity. It’s […]
Modelling Probability of Default Using Logistic Regression
While building credit risk models, one of the most important activities performed by banks is to predict the probability of default. Default is the event that a loan borrower will default on his payment obligation during the duration of the loan. The probability of default (PD) is the likelihood of default, that is, the likelihood […]
Gathering data and information regarding a business
Companies which offer services often have a testimonial section, where feedbacks of customers and clients are available for ready reference. If you have difficulty in trusting the authenticity of the testimonials, it’s recommended to run a background report on those who left a testimonial. Online directories and review websites We all know about online directories, […]
Supply Chain Financing: Using Technology to Improving Supplier-Buyer Relations
The biggest skills in business may be touted to have the right product, say the right things to its audience, to get the numbers. While all these are in fact true the back-end ‘operational’ stuff, the blood in the veins are equally if not more important. What happens when a business buoyant with rising demand […]
CFA Exam Adds Fintech, Big Data, and Data Analysis to 2019 Curriculum
Come 2019, the wealth managers and financial analysts aspiring to add the Chartered Financial Analyst designation to their credentials have one more subject to deal with. The CFA Institute has decided to add fintech to its 2019 exam curriculum. The new curriculum contains a section called fintech and adds study material on hot industry topics […]
Nobel Prize in Economics 2017 – Richard H. Thaler
The American economist / professor Richard Thaler won the 2017 Nobel Price in economics. He was awarded the Nobel Memorial Prize in Economic Sciences for his research in the field of behavioural economics into why people make bad decisions. Richard Thaler is a pioneer in behavioural economics, a research field in which insights from psychological […]
Data Cleaning Using tidyr Package in R
Data analysis or Data preparation is the major task (or) plays an important role for decision making. It is said that about 70% of data analysis is spent on cleaning and structure/formatting the data. It can be repeated many times over the analysis until we get meaningful insights from the data. To get a handle […]