Prospective Careers in Finance, Hotel Operations, and General Operations

Table of content
PERSONAL FINANCIAL PLAN
1. Prospective Careers:
a. Financial Analyst
b. Hotel Operations Manager
c. General Operations Manager
2. Living Expenses
a. New York
b. Los Angels
c. Houston
3. Saving for a home
4. Investments
5. Retirement Planning
6. Children
Prospec tive Careers
Financial Analyst
Tasks:
● researching companies, particularly in terms of their financial functioning
● analysing company accounts, profit and loss sheets and cash flow information
● interpreting complicated financial information
● writing financial research summaries
● regularly meeting with company managers, stock market traders, fund managers and
stockbrokers
● making informed recommendations
● collating detailed, up-to-date information about the UK economy and financial markets.
Training:
 Excel Accounting
 Financial statement analysis
 Forecasting financial statements
 Business valuation
 PowerPoint
Skills:
 Financial modelling: represent finance issues in modelling form, such as through the
Sortino Ratio or similar models.
 Financial analysis: breaking down complex financial issues into simpler components to better
understand how they interrelate.
 Data analysis: know how to read and interpret copious amounts of data, then distill it into
actionable conclusions.

 Marketing skills: know how to convince others to follow his or her recommendations, whether
they 're made to the CFO of an organization or a group of investment bankers.
 ERP (enterprise resource planning) systems: use ERPs for managing and automating finance-
related tasks on the back end of a business.
 Strategic thinking: think through complex problems or situations and derive creative
solutions for maximizing profit and improving market share.
 Decision-making: decision-maker in a firm for buying, selling, and holding securities, as well as
serving a company 's finances.
 Math skills: think quickly on their feet, which often means performing complex equations in
their heads or calculating extensive financial projections on paper.
 Attention to detail: If a financial analyst makes a mistake, he or she can lose significant money
for his or her employer.
Degree:
 Minimum of a bachelor 's degree — preferably in a finance-related major, such as
accounting, statistics, or economics.
 Analysts who want to enjoy greater opportunities for jobs and salaries might consider pursuing a
master 's degree in finance or a Master 's of Business Administration (MBA). Advanced education
makes these professionals more appealing to potential employers.
Professional Accreditations:
 Many employers only hire financial analysts who have certifications from the Chartered
Financial Analyst (CFA) Institute. There are several programs designed to prepare analysts for
the challenges they will face in the workplace. Analysts who plan to work in securities can also
take their Series 7 and Series 63 exams to ensure they are prepared for any available position.
Salary:
 Beginning: $55,957
 Mid-career: $66,694
 Higher Level: $79,007
 After-tax pay:
○ New York:
■ Senior Financial Analyst: $88,691 per year
■ Financial Analyst: $74,546 per year
○ Los Angeles:
■ Financial Analyst: $71,175 per year
■ Senior Financial Analyst: $92,604 per year
○ Houston:
■ Financial Analyst: $69,619 per year
■ Senior Financial Analyst: $83,730 per year

Hotel Operations Manager
Tasks:
Responsibilities:
 Work in conjunction with the General Manager / Area General Manager to actively manage key
property issues (including capital projects; customer service; refurbishment)
 Developing and Implementing strategies that will ensure a positive experience that exceeds guest’s
expectations
 Work collaboratively with all department managers to make sure operations are running smoothly in
tandem with one another
 Anticipate all guest needs and respond promptly & accordingly
 Establish and maintain standards for staff performance and customer service
 Maintaining full knowledge of all inner working of the hotel, including room rates, hotel policies,
specials, availabilities, VIP guests, hotel events and more.
 Staffing the hotel appropriately
 Reviewing employee behavior, appearance and performance
 Conducting daily meetings to ensure that all departments are in working order
 Assist the development of meaningful, achievable hotel budgets and other short and long term hotel
strategic goals
 Provide effective leadership to the hotel management team and team members to ensure targets are met
and exceeded
 Plan, direct and coordinate the service delivery of all operational departments in order to meet and
exceed guest expectations
 Comply and exceed hotel and company Service Standards
 Manage and develop the Heads of Department to ensure career progression and effective succession
planning within the hotel and company
 Seek and respond to Guest feedback in order to achieve positive outcomes and high levels of customer
satifaction
 Hold regular briefings and communication meetings with the team members
 Accountable and resilient with ability to work under pressure
Education:
 Knowledge of the hotel property management systems
 Strong commercial acumen in Operation Food and Beverage or Rooms Management
 managing budgets, revenue proposals and forecasting results
 In-depth knowledge of the hotel / leisure / service sector
 development of meaningful, achievable hotel budgets and other short and long term hotel strategic goals
 Strong leadership skills to effectively manage and motivate the team to achieve high level of
performance and exceed targets
Training:
 PowerPoint
 front desk management
 housekeeping operations
 food and beverage management
 human resources planning

 relevant technology-based training and industry certifications (including Smart Serve, Food Handlers
and CPR/First Aid)
Skills:
 Strong leadership skills
 High level of responsibility and accountability
 Strong management, communication and organizational skills
 a friendly personality, with a genuine desire to help and please others
 the ability to think clearly and make quick decisions
 numeracy and logistical planning skills
 a professional manner and a calm, rational approach in hectic situations
 the ability to balance customer and business priorities
 flexibility and a 'can do' mentality
 energy and patience
 excellent communication and interpersonal skills, especially when dealing with speakers of other
languages
 proficiency in another language may also be an advantage, especially for hotels which are part of an
international chain.
 Data analysis: know how to read and interpret copious amounts of data, and then distill it into actionable
conclusions.
 Marketing skills: know how to convince others to follow his or her recommendations
 Strategic thinking: think through complex problems or situations and derive creative
 Decision-maker
Degree:
 3 year degree from an accredited university in Business Administration Marketing Hotel and Restaurant
Management,
 Bachelor's degree in hotel, business or hospitality management
Professional Accreditations:
 INTERNATIONAL HOTEL MANAGEMENT (CERTIFICATE) program is designed for students
seeking an internationally recognized Hotel Management credential. A selection of courses over 12
weeks gives students an understanding of the activities required to manage business operations in the
hotel industry. This program is certified by the American Hotel & Lodging Educational Institute
(AH&LA) to meet professional industry standards.
Salary:
Hotel Operations Managers earned an average annual salary of $57,810, according to the U.S. Bureau of
Labor Statistics (BLS). Employment for lodging managers was expected to increase by 8% from 2014-2024,
per the BLS.
○ New York:
● Beginning: $38,715
● Mid-career: $71,140
● Seasoned: $125,067
○ Los Angeles:
● Beginning: $44,644