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Career Advice Dec 02 2011 By Melissa Korn

Anxious business-school applicants have something to add to their to-do list: preparation for the new “integrated reasoning” section of the GMAT.

Although the new section was initially announced a year and a half ago, the Graduate Management Admission Council has offered scant details about what questions will look like and how they will be scored. With registration for the new test starting this month, many students are wringing their hands. Some test-prep experts say they may even see a rush of applicants wanting to take the test in the next few months just to avoid the new section, which won’t appear on the exam until June.

The idea behind the “integrated reasoning” unit—which will be added to the existing verbal, quantitative and analytical writing sections—is to gauge how well applicants can extract and analyze complex data. The

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I read an article recently which provided an extremely alarming statistic. Apparently the average retirement savings held in 401Ks for individuals between the ages of 55 and 65 in the United States is only $100,000.

This statistic completely blew my mind. By just reverse engineering the numbers, I determined that if a person worked regularly from the age of 22 to the age of 55, then they would have saved just barely over $3,000 a year including any gains or losses on their investments.  But what does this number have to do with credit cards?

Let me answer that question with another alarming statistic: the average American citizen also carries about $15,000 in credit card debt. While this is an overall number and doesn’t represent just the 55 to 65 year old segment of the population, let’s just do a little comparative math of returns vs. payme

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Financial planning is the key to achieve your financial goals. It is like drafting your road to success, all you need to do is to follow you plan and execute them accordingly. Professional financial planning helps you take control of your financial accounts and have a professional opinion to help make better decision, manage your estates effectively and evaluate stock options. Financial planning is especially important for businesses.

Managing a business is a very complicated task. If you want to stabilize your company’s finances, consider hiring a highly competent business financial advisor that will help you secure your business’s financial future. They will help you choose which bonds or stocks or funds to buy as a form of investment for your company to help strengthen its stability. Mos Read more…

The finance sector gained 4,000 jobs last month, according to the Bureau of Labor Statistics. Nonetheless, economists expect the sector to lose jobs over the next several months, and the October results don’t make up for the 8,000 jobs the sector lost in September.

Real estate gained 4,800 jobs, while insurance carriers and related activities gained 2,500. Similar to last month, credit intermediation, which reflects jobs at commercial banks, lost 2,000 jobs.

“There’s pressure on commercial banks,” said Nigel Gault, chief U.S. economist with IHS Global Insight, an Englewood, Colorado-based financial and economic forecasting firm. “We’re not going to see anything like we saw back in 2008, but we will probably see some job losses in the commercial banking sector over the next few months.”

He pointed to Bank of America , which has plans to shed 30,000 jobs by 2014, as a culprit for job losses in the commercial banking sector. Read more…