Working at the World Bank is a genuinely enriching and unique experience. Leading experts and networks with international presence identify professionals whose talents, knowledge, and experience will help improve the standard and quality of life in developing states.
The World Bank has been working in cooperation with Canada since 1945, designing policies, financing projects, and delivering programs which aim to eradicate poverty and bring about sustainable development. Efforts are made to expand the Bank’s projects and initiatives to the field of education, including girls’ education and early childhood development. At present, the bank employs around 400 Canadian citizens out of 10,000 civil servants.
Motivated and experienced professionals can apply for a great variety of job openings (see here). If you want to work toward poverty reduction, you can apply for the position of Sector Director, Gender and Development. At this position, you will head the Gender & Development anchor unit and will act as the internal and external spokesperson for gender-related issues. Eligibility criteria include excellent ability to communicate frontier economic issues to clients, strategic vision, demonstrated knowledge of issues of global and economic development, and advanced degree with at least 12 years of experience.
Professionals in the field of financial management can look into the position of Financial Management Specialist. Duties and responsibilities of the specialist are providing support for new activities taking place in the Social Development Unit, supervision of new activities, continuous assessment of financial reporting and management systems, etc. Likely applicants for the position have a Master’s Degree in the field of auditing, financing, business administration, or accounting, and 10 or more years of experience as a senior manager or consultant in auditing and/ or financial management.
The position of Resource Management Specialist is a good choice for those experienced in accounting. As a part of the accountabilities, the specialist is responsible for contributing to budget development, monitoring the activities of work programs, variance reporting, consolidating and analyzing budget allocations, and others. In order to qualify for the position, one has to have a Bachelor Degree in Business Management, Accounting, Finance, Commerce or Economics, and a relevant experience of at least three years.
Another accounting position in the World Bank is that of the Financial Analyst (see here). Among the many responsibilities of the analyst are participating in divisional and departmental task forces, coaching staff, undertaking ad hoc assignments, and participation in the development of new systems. Approved candidates have a Bachelor Degree in Accounting, Business Economics, Finance, or another related field and three or more years of experience in portfolio management, trust funds, contract management, etc. Experience in trust funds clearance and trust funds are desirable.
In the field of energy and mining, one can apply for the position of a Senior Gas Specialist, Operations Officer, or Senior Energy Specialist. Those who apply for the first position should have an MS or MA in Business Administration, Energy Economics, or another relevant discipline and 8 or more years of experience in the gas and oil sector. They should prove excellent ability to analyze gas, oil, and energy issues. Work related responsibilities include: advising on best managerial practices, technologies, and operations related to gas flaring; providing input to GGFR partners and the Networks, and contributing to the screening of technologies for gas utilization. In Central Asia and West Africa, the specialist conducts gas sector dialogues, designs capacity building projects and implements them, and reviews the legal frameworks for gas, among others.
The choice of a career path is important for many people and helps develop a working strategy for success. Choosing a career path involves a fair and unbiased assessment of your interests, skills, experiences, and abilities.
Types of Career Paths
Basically, there are three types of career paths, one based on mastering skills and crafts, another based on building a network of relationships, and a third one that involves becoming a star performer to climb up the ladder to top levels of management. The choice of career also depends on your personality type. Some people are idealists and inspirers, others are performers and doers, and still others – givers, visionaries, caregivers, and nurturers. The list of careers is quite long, and the requirements, schooling, experience, and job outlook vary for different occupations. The list of occupations includes:
Sectors and Occupations
There are hundreds and thousands of career paths to choose from, whether you want to work in the public sector, finance and lending (see: LOC), social sciences, manufacturing, etc. Depending on your work experience and educational level, jobs are available in the tertiary, secondary, and primary sectors. Companies in the primary sector engage in processing and packaging of raw materials, quarrying, fishing, farming, forestry, mining, and agriculture. The secondary sector pools together businesses engaged in construction, processing, and manufacturing, including shipbuilding, utilities, engineering and chemical, textile production, vehicle manufacturing, and others. The quaternary sector includes intellectual occupations such as scientific research, academics, research and development, government, new technologies, and education. The tertiary sector pools together businesses that offer services to the public, including legal, financial and insurance, secured credit and lending (see: https://www.lifeoncredit.ca/top-6-secured-credit-cards-for-canadians/), dining and entertainment, transportation, healthcare, tourism and adventure (see: https://www.creditandloans.ca/travel-rewards-credit-cards-for-canadians/) and so on. Finally, the quinary sector includes occupations in media and culture, non-profit organizations and associations, institutions of higher learning, government, and others. There is plenty of choice when it comes to sectors, fields, and occupations, especially in developed, postindustrial economies.
Factors to Consider
When choosing a career path, there are several factors to take into account – mid-term and short-term goals, career development and planning, educational level, and family considerations. For many people, it is important to achieve a good work-life balance which can be a challenge if you frequently go on business trips and work long hours. Having a satisfactory career is also important or otherwise you risk moving from job to job in the long run.
Registered nurses, managers, medical technicians, architects, and construction and transportation managers are in high demand in Canada. In general, the forecasts for different career paths are based on a number of factors, including sector, demand for services or products, current economic situation and changes in the economy, demographics, population aging, location, and others. Some positions are in high demand due to workforce shortages in the sector.
1. Registered Nurses and Nurse Supervisors
Canada’s population is getting older, and the healthcare system needs more registered nurses and supervisors. The median salary is close to $73,000, and nurses make between $60,000 and $80,000 depending on experience. Supervisors usually have a degree in health administration or nursing and are tasked with supervision and coordination of activities. They supervise registered nurses and oversee patients. The main responsibility of supervisors is to ensure that their unit is running efficiently and smoothly. They assist nurses, schedule hours, and hire staff. Head nurses usually have many years of experience and schooling. Supervisors first work at a hospital or doctor’s office after completing clinical internship and passing an exam. The median salary is about $77,000.
2. Managerial Positions in the Social Services Sector
The unemployment rate for managers in education, health, and social and community services is low and remains at 5 percent. Managers are expected to be in high demand over the next 8 – 10 years. They work across sectors, including correctional facilities, educational institutions, and others. The median salary is $67,600, and the median age of employees – 47 years.
3. Medical Technologists and Technicians
Medical lab technologists engage in testing to diagnose and treat disorders and conditions such as diabetes, cardiovascular problems, and cancer. They examine fluids and tissues, identify blood types required for transfusion, and conduct research. Medical technicians usually work in laboratories and hospitals. Technicians also perform lab tests and assist pathologists and physicians. They usually hold a degree in clinical laboratory science. They use diagnostic equipment, collect samples, and are responsible for basic lab procedures. The salary of medical technologists in Canada is in the range of $50,000 – $60,000.
4. Architecture and Landscaping
For architects, urban and land use planners, and land surveyors, there is a relative balance between demand and supply. The median age of employees in the sector is 42 years. They work across different sectors, including utilities, education, warehousing and transportation, and construction. Architects, planners, and surveyors also have technical and scientific occupations and work in public administration. About 1/5 of all professionals are self-employed.
This category covers transportation and construction managers, renovators, and residential home builders. They are employed in sectors such as retail trade, public administration, wholesale trade, warehousing and transportation, manufacturing, and others. Employees working in warehousing and transportation make the largest share.
Among the top careers in Canada are also counselors and psychologists, mobile and software developers, financial managers, as well as speech therapists and pharmacists.
There are many reasons to change jobs, from better opportunities and improved earning power to friendlier atmosphere and work environment. How do you manage all bills piling up when switching jobs though?
How to Manage Bills
If you have cash in your savings account, you can use it to pay gas, water, Internet, TV, electricity, and other utility bills. Obviously, one way to manage bills is to downsize and cut unnecessary expenses, especially if you are short of cash. To manage bills more effectively, you may want to prioritize and keep an eye on your finances. When money is tight, make sure you meet basic necessities first, including utilities, mortgage or rent payments, household necessities, taxes, and groceries. Other expenses to meet include loan payments secured by collateral, car payments, insurance, and income tax. If you ran out of cash or face an emergency, then it is probably time to look for different financing options.
There are different financing options, depending on your credit score and whether you are currently employed. Payday loans, for instance, are available to borrowers with various credit profiles but you may not qualify if you are in between jobs and unemployed. If you have a credit card with an affordable interest rate, you can use it in case of emergency or to pay for household necessities. Another option is to contact Canadian bad credit lenders that are willing to lend money to borrowers in between jobs. While they offer higher rates compared to secured loans, this is an option to explore. There are financial services that match borrowers with potential lenders and offer access to borrowing solutions that are publicly unavailable. They connect applicants with co-ops, private and peer to peer lenders, investment banks, and other entities. Lenders also advertise fast approval and application processing. This is good news if you need urgent cash and given the fact that it takes weeks for banks to process applications. And applicants can contact customer service representatives in different ways – through Twitter, Facebook, email, by phone, and so on. There are lenders that run a credit check but stellar credit is not a requirement. In fact, some finance companies also offer credit rebuilding programs. While many issuers request information about monthly income, there are lenders that offer loans to unemployed applicants – https://www.lifeoncredit.ca/the-most-popular-bad-credit-lenders-in-ontario/ . Usually, borrowers are asked to offer some asset to guarantee repayment, and they can choose from an array of borrowing solutions and services, including equity mortgages, debt consolidation loans, rescue from foreclosure, credit report analysis, and more. Secured loans go with affordable rates and payments but borrowers risk losing a valuable asset (vehicle, real estate) in case of default.
The Application Process and Information Required
To apply for a loan, customers fill in an application form at a local branch or online and provide information such as current mortgage on their business or loan, estimated value of their business, property, or home, whether they own or rent, total amount required, and type of loan (i.e. refinance, home improvement, equity, second mortgage, first mortgage, etc.). Some lenders also offer unsecured loans (https://www.lifeoncredit.ca/bad-credit-personal-loans-in-canada/ ) and weigh different factors, including employment status, additional income, credit rating, debt to income ratio, and others.