acce imagine the possibilities insight - acceglobal · 1 aafm (american academy of financial...
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INSIGHT INSIGHT
Education: “…. that which reveals to the wise and conceals
from the stupid, the vast limits of their knowledge”. Mark Twain
ACCE........................ Imagine the POSSIBILITIES
ACCE is the largest and fastest growing International professional
Economics and Financial network in the world. The Association has 1,500
students and affiliates, and over 2,000 ACCE members in 170 countries.
ACCE offers high quality training to people around the world who seek
rewarding careers in Economics, Finance, Investment, Insurance and
Risk Management.
ABOUT
ACCE
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AAFM (American Academy of Financial Management)
The Global Certification Body.
Thomas Jefferson School of Law, California, USA
www.llmprogram.com
Receive scholarship to pursue LLM, JSD, JSM Degree
programmes at TJSL and 560 other Universities that we are in
alliance with through the Economics and Financial
Professional network
ACCE has separate Mutual Recognition Agreements (MRA's)
with some of the world's largest and most prestigious
universities and training centres
in Africa, we have MRA's with the following institutions.
Magnus Professional Academy
Johannesburg, South Africa
Mark-Bens Professional Institute
Monrovia, Liberia
· Zenith University College, LA Accra-Ghana
· Weston College, Asylum Down, Accra-Ghana
· PDF Adum, Kumasi-Ghana
· Ho Polytechnic, Ho-Ghana
· Academy of Professional Studies, Takoradi & Sunyani Campuses
Winners Professional Institute, NVTI behind busy Internet,
Kokomlemle-Accra
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A M E R I C A N
F I N A N C I A LA C A D E M Y O F
M A N A G E M E N T
A A
F M
THOMAS JEFFERSONS C H O O L O F L A WS A N D I E G O , C A L I F O R N I A
U.S.A. NEW YORK. LA. SAN FRANCISCO ASIA. MIDDLE EAST. EU. LATIN AMERICA. AFRICA. INDIA 200 L&A Rd. Ste. B. Metairie, LA 70001 U.S.A.www.aafm.us
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OUR COURSES AND THEIR CAREER PATHS
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ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G18 Financial Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G29 Financial Economics II (Ch.E.)
CHARTERED FINANCIALECONOMIST
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CHARTERED FINANCIAL ECONOMICS
Financial economics is the branch of economics concerned with “the
allocation and deployment of economic resources, both spatially and across
time, in an uncertain environment”. It is additionally characterized by its
“concentration on monetary activities” in which “money of one type or
another is likely to appear on both sides of a trade”. The questions within
financial economics are typically framed in terms of “time, uncertainty,
options and information”.
Financial economics concentrates on influences of real economic variables on
financial ones, in contrast to pure finance.
CAREER INSIGHT
Title Employer Salary
1. Financial Economist
2. Financial Economist
3. Financial Economist
4. Financial Economist
5. Financial Economist
6. Financial Economist
7. Financial Economist
8. Financial Economist
9. Financial Economist
10.Financial Economist
$200K
$155K
$150K
$140K
$135K
$125K
$120K
$120K
$115K
$70K
Location
Boca Raton, FL
Greenwich, CT
Boston, MA
New York, NY
Boston, MA
Washington, DC
New York, NY
Fairfax, VA
Atlanta, GA
Los Angeles, CA
Altes
Raim High fields
Capital Management
Aglility Capital
Federal Reserve Bank of Boston
US securities & Exchange Commission
Office of the controller of the currency
Securities litigation & Consulting group
Federal Reserve Bank of Atlanta
World financial desk
Job Level Salary
Trainee / Credit Analyst
Junior Loan Officer
Loan Officer
Senior Corporation Loan Officer
Mortgage Originator
Financial Analyst
Personal Banker
a. Commercial Banking and Management of Financial
Institutions
Historically, the primary focus of a commercial bank in
deposit-taking and loan-making. Commercial banks
generally accept the deposits of individuals (such as in
a savings or checking account) and lend the money to
others, in the forms of mortgages, business loans, etc
while the commercial bank makes a profit by charging a
higher interest rate to its lenders than it gives to
depositors; it is also accepting the risk if a lender
defaults.
Commercial Banking: Salaries
Banking is not known for high salaries (it's a margin
business which puts downward pressure on pay)
A good portfolio manager can get hired at a bank
with a salary in excess of $500,000. Chief financial
officers at money center banks can command
$300,000 to $500,000 with a hefty bonus added in
chief technology officers only make slightly less.
$48,000
$60,000
$100,000
$115,000
$40,000
$58,000
$40,000
3 yrs
5 – 7 yrs
10 yrs
1 yr
3 yrs
1 – 3 yrs
b. Corporate Financial Management
The application of financial principles within a
corporation to create and maintain value through
decision-making and proper resource management
The act or practice of developing strategies and plans
and making investment decisions that positively affect
the operations of a corporation
Corporate financial management involves setting goals,
planning how to achieve them, and perhaps must
importantly decide the best way to pay for them.
It deals with managing the working capital of the
company. It includes issues such as cash management,
inventory management, debtor's management and short
term financing.
Careers in corporate financial management
i. Treasurer: As manager of a corporate treasury
department, you are responsible for capital raising,
financial planning, cash and asset management.
Impeccable analytical abilities as well as management
and motivation skills are essential in the upper level
administrative position.
ii. Financial Analyst: Responsibilities consist of
analyzing budget projects, establishing financing needs,
long-term financial planning, considering asset
acquisition and disbursement, developing budgets,
evaluating competitors, representing a firm before credit
agencies, managing a firm's investments, considering
lease agreements, and establishing derivative
strategies.
Analysts generally specialize in one area like planning,
budgeting, revenue or project finance.
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Analysts should be comfortable behind a computer and
should understand the financial big picture.
iii. Credit Manager: Responsibilities consist of
establishing rules for credit collection as well as for the
securitization of receivables. Credit managers must be
able to analyze accounting data and they must know a
lot about their customers.
iv. Cash Manager: Responsibilities are managing short-
term credit needs, guarantying the availability of
adequate funds to accomplish day-to-day business,
creating good relationships with banks, reserving excess
cash in interest bearing accounts, and handling fund
transfers locally and globally. Cash managers must have
excellent negotiation skills and impeccable attention to
detail.
v. Benefits Officer: This human resource position is
responsible for establishing employee 401 (K)
investment accounts, monitoring pension funds, and
establishing cost-efficient healthcare and other
employee benefits. Benefits officers must combine
financial understanding, human resource management
skills, and knowledge of organizational behaviour to be
successful.
vi. Real Estate Officer: Among the duties of a corporate
real estate officer is to locate real estate for companies,
negotiate leasing and purchasing, and appraise and
acquire properties. Officers must understand real estate
and finance as well.
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c. Asset Management / Money Management /
Investment Management
An Asset Management Company (AMC) is an investment
management firm that invests the pooled funds of retail
investors in securities in line with the stated investment
objectives. For a fee, the investment company provides
more diversification, liquidity, and professional
management consulting service than is normally
available to individual investors.
The diversification of portfolio is done by investing in such
securities which are inversely correlated to each other.
They collect money from investors by way of floating
various mutual fund schemes.
Examples of Asset Management Companies are the
following: AIG Investment, Prudential Financial, Barclays
Global Investors, Fidelity Investments, First Republic
Bank, Barclays Offshore Banking (Ghana), Medu Capital
(South Africa).
Compensation in Asset Management
Salaries in money management or asset management are
likely to be mainly a result of performance. Starting
analyst positions for undergraduates at leading mutual
funds, pension funds, and bank trust departures have
salaries in the neighborhood of $60,000 to $80,000.
In the world of equity portfolio managers, there is high
dispersion of pay. A job at a state pension fund or a bank
trust department will pay in the $90,000 to $180,000 range.
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$35 – 50K
$40 – 50K
$50 – 65K
$63 – 81K
$92 – 130K
$88 – 113K
$260 – 390K at big
firm and $95-125K
at smaller firm
Job Title
Rookie Financial Analyst – Smaller firm
Rookie Financial Analyst – Large firm
Seasonal Financial Analyst – Smaller firm
Seasonal Financial Analyst – Large firm
Tax Manager
Assistant Treasurer
Chief Financial Officer
d. Private Equity
Equity capital that is not quoted on a public exchange;
Private equity consists of investors and funds that make
investments directly into private companies or conduct
buyouts of public companies that result in a delisting of
public equity. Capital for private equity is raised from retail
and institutional investors, and can be used to fund new
technologies, expand working capital within an owned
company, make acquisitions, or to strengthen a balance
sheet.
Examples are: Fidelity Capital Partners, Accra;
Databank; Hamilton Lane, USA
Investment Banking
An investment bank is a financial institution that assists
corporations and governments to raise capital by
underwriting and acting as the agent in the issuance of
securities. An investment bank also assists companies
involved in mergers and acquisitions and derivatives and
provides ancillary services such as market making and the
trading of derivatives, fixed income instruments, foreign
exchange, commodity, and equity securities.
Unlike commercial banks and retail banks, investment
banks do not take deposits.
There are two (2) main lines of business in investment
banking. Trading securities for cash or for other securities
(i.e. facilitating transactions, market-making), or the
promotion of securities (i.e. underwriting, research etc) is
the “sell side” while dealing with pension funds, mutual
funds, hedge funds and the investing public (who
consume the products and services of the sell-side in order
to maximize their return on investment) constitutes the
“buy-side”
Examples, HFC Bank (Ghana) Limited, HFC Investment
Services Limited.
Investment banks perform the following major functions for
their customers:
a. Serve as trading intermediaries for clients
b. Lend and invest banks' assets
c. Provide advice on mergers, acquisitions, and
other financial transactions
d. Research and develop opinions on securities,
markets, and economics
e. Issue, buy, sell and trade stocks and bonds
f. Manage investment portfolios.
Salaries in Investment Banking (with Bonus)
Job Level Salary range Typical All in Comp.
First year Analyst $90K – 150K $125K
Third year Analyst $120K – 350K $165K
First year Associate $150K – 250K $180K
Third year Associate $300K – 500K $350K
Vice President $500K 3-6 yrs $350K – 1mm Director / Principal $400K – 1.5mm $800K 5-10 yrs
Managing Director/Partner $500K – 1.5mm $1.3mm 7-10 yrs
Department Head $800K – 70mm 10+ yrs $3.5mm
Note: This table is based upon conversations with banking insiders in 2010. “mm” denotes millions, “K” denotes
thousands of US dollars.
Careers in Investment Banking
An investment banking career involves raising equity and debt capital for companies, and is an attractive option
for recent university graduates or professionals with a few years of experiences.
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ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G30 Petroleum Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G31 Petroleum Economics II (Ch.E.)
CHARTERED PETROLEUMECONOMIST
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PETROLEUM ECONOMIST AND YOUR DUTIES
· Provide risk assessments
· Provide economics evaluations
· Support all commercial agreement / negotiation
· Support all acquisitions
· Economic appraisals of exploration and development investment opportunities
Compensation in Petroleum Economics
a. Remuneration 10,000 – 15,000 US Dollars / Year
A total of two (2) petroleum economist employers with salary information listed
Job Titles Count Average Salary Range
Petroleum Economist
Computer System Analyst Programmer
Financial Analyst
Management Analyst
Technical Writer
Internal Auditor
Accountant
Business Analyst
Market Research Analyst
Computer Programmer
1 $55K
4 $44K
1 $43K
1 $42K
1 $39K
5 $39K
4 $37K
1 $37K
7 $36K
2 $35K
N/A
$36K / $49K
N/A
N/A
N/A
$32K / $41K
$32 / 42K
N/A
$32K / 40K
N/A
c. Employer Job Title Salary
Huxley Associates, London UK Senior Petroleum Economists $70,000 a year
Role: Fiscal Expertise, consulting engagement, business development
Petroleum Economics: Learn how to make better petroleum investment decisions, fiscal models and
economic planning.
Employer Count Average
1.Balboa Capital 1 $65K
2.Bulk Petroleum 1 $55K
Salary Average: $60,000
Salary Range: $55,000
BULK PETROLEUM JOBS
b. A total of 10 bulk petroleum jobs salary information
listed
Salary Average: $39,093
Salary Range : $31,600
CAREER INSIGHT
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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G16 Health Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G27 Health Economics II (Ch.E.)
ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
CHARTERED HEALTHECONOMIST
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CAREER INSIGHTCHARTERED HEALTH ECONOMICS
Health Economists are professionals who investigate how our resources are used in health
care. They also focus on the distribution and the maintenance of occupational health in the
health care system. They may work in the public side of health care or they may be employed
by privately owned companies. A health Economist will use their skills and the tools learned
during their education and career experience to analyze health care and its many subfields.
Health economists will evaluate health care policies and appease numerous challenges in
the health care.
Careers in Health Economics
· Biotechnology Companies
· Private Health Insurance Companies
· Public Health Insurance Companies
· Pharmaceutical Companies
· World Health Organization (WHO)
Responsibilities
Application of macroeconomic and microeconomic
tools to a range of:
a. Health system funding
b. Models of care
c. Specific health project(s)
d. Determination of health and commodity costs
e. Benefits and resource implications to enable
effective decision making
f. Investigate and assess health care policies
affecting occupational health
g. New product planning
h. Health technology assessment
Compensation in Health Economics
These are some of the compensations in the health
economics
a. Senior Health Economist: NSW Health Department
Location: Chats wood, NSW, UK
Salary: $120,757 to $135,395
b. Associate Director, Global Health Economics and
outcomes research
Location: London, UK
Salary: £60,000 – £70,000
c. Deputy Director, Efficiency and Effectiveness: Bill and
Melinda Gates Foundation
Location: Seattle, Washington, USA
d. Abbott Laboratories
e. Novo Nordisk
CHARTERED ENERGYECONOMIST
ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G15 Energy Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G26 Energy Economics II (Ch.E.)
ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
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CAREER INSIGHTENERGY ECONOMICS
Energy Economics is the field that studies human utilization of energy resources and energy
commodities and the consequences of that utilization.
Energy economics studies forces that lead economic agents – firms, individuals,
governments – to supply energy resources, to convert those resources into other useful
energy forms, to transport them to the users, to use them and to dispose off the residuals. It
studies roles of alternate market and regulatory structures on these activities, economic
distributional impacts, and environmental consequences. It studies economically efficient
provision and use of energy commodities and resources and factors that lead away from
economic efficiency.
Energy Economist: Salary
1. Energy Economist
Employer: Wood Mackenzie
Location: London or Edinburgh
Salary: £40,000 - £50,000
2. Energy Economist (Commodity Market Analyst)
Recruiter: Bruce Hunt Associate Ltd
Salary: £25,000 to £32,000 per year
(+bonus + benefits)
Location: Oxfordshire
3. Energy Economist
2 Bentek Energy Consulting Services
Salary: $66,062
4. Senior Energy Economist
Company: Flex works
Salary: £40,000 - £50,000 per year
Location: Central London, UK
5. Energy & Environmental Economist
Employer: Logistics Management Institute – Mclean
Virginia, USA
6. Energy Economist
Location: Pittsburgh, PA
Salary: $92,000
7. Energy Economics Manager
Location: Surray, South East
Salary: £55,000
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CHARTERED MANAGERIALECONOMIST
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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G14 Managerial Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G25 Managerial Economics II (Ch.E.)
ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
CAREER INSIGHTMANAGERIAL ECONOMICS
Managerial economics is a study of application of managerial skills in economics, more over
it help to find problems or obstacles in the business and provide solution for those problems.
Problems may be relating to costs, prices, forecasting the future market, human resource,
profits etc
Managerial economics (also called business economics), is a branch of economics that
applies microeconomic analysis to specific business decisions. As such, it bridges economic
theory and economics in practice. It draws heavily from quantitative techniques such as
regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme
that runs through most of managerial economics, it is the attempt to optimize business
decisions given the firm's objectives and given constraints imposed by security, for example
through the use of operations research and programming.
Typical managerial decision making may involve one of the following issues:
· Deciding the price of a product and the quantity of the commodity to be
produced
· Deciding whether to manufacture a product or to buy from another
manufacturer
· Choosing the production technique to be employed in the production of a
given product
· Deciding on the level of inventory a firm will maintain of a product or raw
material.
· Making employment and training decisions
· Making decisions regarding further business investment and the mode of
financing the investment
Managerial economist is an expert who counsels business management in
economic matters and problems faced by a business organization.
For more career path insight, log on to our website: www.charteredeconomists.org
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CHARTERED ECONOMIC POLICY ANALYST
CHARTERED INDUSTRIALECONOMIST
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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G13 Industrial Economics I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G24 Industrial Economics II (Ch.E.)
ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
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CAREER INSIGHTIndustrial Economist Job – DescriptionConduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques.Provide advice and consultation on economic relationship to business, public and private agencies and other employers.Compile, analyze, and report data to explain economic phenomena and forecast market trends, apply mathematical models and statistical techniques.Formulate recommendations, policies or plans to solve economic problems to interpret markets.
Industrial Economist (ARRA) SALARY RANGE: 102,721.00 - 133,543.00 USD /year GRADE: GS-0110-14/14 POSITION INFORMATION: Full-Time PROMOTION POTENTIAL: NONE DUTY LOCATIONS:
Job Title: Pro-Industrial Economist: Description Economist The Information Technology and Innovation Foundation – a Washington, DC think tank – hire an economist to lead a research program on policies to boost U.S. industrial competiveness. The ideal applicant understands and appreciates the need for active government policies to spur productivity growth and international economic competiveness, particularly in the manufacturing sector.
Essential Responsibilities:
Conduct a policy research program focusing on U.S. global economic competiveness, including manufacturing innovation, and tax, budget, and trade policies to support it.
Write policy reports, blog posts and other materials on industrial competitiveness.
Speak at forums.
Organize policy conferences, roundtables, and other events on U.S. competitiveness policy. Qualifications Requirements:
An ability to write for policy audiences.
An understanding of conventional neo-classical economics, but also an appreciation of its fundamental limitations as a guide for policy to spur growth and industrial competitiveness.
Location: District of Columbia-Washington/ Metro / USA Working Term: Permanent Position Salary (USD): 50K - 60K
· Production Manager
· Industrial supplies
CHARTERED ECONOMICPOLICY ANALYST
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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G17 Economic Policy Analysis I
ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G28 Economic Policy Analysis II (Ch.E.)
ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I
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CAREER INSIGHTChartered Economic Policy Analyst
Conduct research, Develop models to analyze, explain and forecast economic behaviour and patterns, Devise methods for collection and analysis of data, Forecast income and expenditure, interest rates and exchange rates, Analyze factors which determine economic growth, Advise government agencies on policies to increase economic activities, Apply statistical techniques to the testing and quantifying of economic theories and the solution of economic problems, Develop monetary policies and forecasts of financial activity, Examine problems related to the economic activity of individual companies, Assess business opportunities and develop strategies, Examine financing methods, production costs and techniques and marketing policies to recommend improvements, Examine statistical data on the exchange of goods and services among nations, Provide consulting services to government and other organizations.
Washington, DC Budget Analyst
Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury Agency: Departmental Offices Sub Agency: Number: 11-DO-197P-14 SALARY RANGE: $105,211.00 - $136,7
Washington, DC Budget Analyst
Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury
Agency: Departmental Offices Sub Agency: Number: 11-DO-236P SALARY RANGE: $105,211.00 - $136,771.
Washington, DC Budget Analyst
Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury Agency: Departmental Offices Sub Agency: Number: 11-DO-197P-13 SALARY RANGE: $89,033.00 - $11,574
Economic Developer Jobs - Description
Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.
Economic Developer Jobs - Tasks to be performed
Confer with board members, organization officials, and staff members to discuss issues, coordinate activities, and resolve problems.
Analyze operations to evaluate performance of a company and its staff in meeting objectives, and to determine areas of potential cost reduction, program improvement, or policy change.
Direct, plan, and implement policies, objectives, and activities of organizations or businesses in order to ensure continuing operations, to maximize returns on investments, and to increase productivity.
Prepare budgets for approval, including those for funding and implementation of programs.
Finding motivation to pursue your dreams can be hard for you, may be you don't know what you want yet, may
be you do know, but you don't know how to get there.
In this article(s), we will look into some success stories of some of our Chartered Economists members that will
help you get a better understanding of yourself, what you want and how you should proceed to pursue that goal.
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I am the head of financial control and
strategic planning Amalgamated Bank
Ghana Ltd. Being equipped with the ACCE
core qualification will accelerate the
growth in your career. It equips you with
strong and solid international mobility and
technical foundation in economics and
finance as well as highest ethical standards
to enable you have a successful career.
I joined the Quantum III production
company Ltd. (LLC) as production manager
for the manufacturing company, and when I
got the chance to become the chief
executive officer, I was considered to be one
of the best candidate to fill the vacancy as a
result of my extensive knowledge in the
o r g a n i s a t i o n’ s o p e r a t i o n a n d m y
background as an Economist. My career is
largely due to the Chartered Economist
Programme pursued. I believe strongly that
the ACCE Programme is the most suitable
f o r a l l e c o n o m i c s a n d f i n a n c i a l
professionals.
Mr. Joseph Heilein, MPhil, ChE
I am currently working as head of
operations at Intercontinental Bank Ghana
Ltd, Okaishie branch. I secured this
position after obtaining the ACCE, Ch.E
designation in 2009. I chose ACCE because
of its recognition and flexibility. ACCE has
enabled me to provide additional value to
my organisation. It has contributed
i m m e n s e l y t o m y p r o f e s s i o n a l
development. To anyone pursuing a
rewarding career in economics and finance,
ACCE qualification is a must-have.
Mrs. Felicitus Adu Acheampong, MA, ChE
Mr. Kwofie Festus Awuah, MBA, ChE
I never regreted joining ACCE. I am the
head of corporate treasury Amalgamated
Bank Ghana Ltd. Addition of ACCE
q u a l i f i c a t i o n h a d e n h a n c e d m y
opportunities and also given me an edge
over my competitors at my working place.
Mr. Amengor Edem Cudjoe, MBA, ChE
Mr. Paul Atta-Peters, MBA, ChE
I work as the principal revenue officer at the VAT
Service-Kumasi. The Chartered Economist
designation enhanced my professional status. I
decided to pursue a career in economics because
I felt it’s practical and of value to my profession
and that it will provide great opportunities for
personal career development and international
recognition in terms of further continuing
education.
Ch.E PROFILES
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Mrs. Felicitus Adu Acheampong, MA, ChE Mr. Amengor Edem Cudjoe, MBA, ChE Mr. Paul Atta-Peters, MBA, ChE Mr. Kwofie Festus Awuah, MBA, ChE
Mr. Joseph Heilein, MPhil, ChE Miss. Sherry Just, MA, ChE
1. Felicitas Adu Acheampong, Head of operations in Intercontinental Bank Ghana Ltd
2. Edem Cudjoe Amengor,MBA, Ch.E Head of corporate treasury Amalgamated Bank
Ghana Ltd 3. Paul Atta - Peters,MBA ,Ch.E
Principal Revenue Officer - Vat Service
4. Festus Awuah Kwofie,MBA, Ch.E Head of financial control and strategic planning
Amalgamated Bank Ghana Ltd.
5. John Gartchie Gatsi,MPhil, Ch.E
Lecturer, School of Business, University of Cape Coast/Financial Analyst
6. Daniel Ofori, M.Sc ,Ch.E Lecturer, Kumasi Polytechnic and Ghana Baptist
University College
7. Lydia Asare – Kyire, M.Sc, Ch.E Lecturer, Kumasi Polytechnic
8. Abubakari Zakari, M.Sc, Ch.E Lecturer, Kumasi Polytechnic
9. Godfred Aawaar,MA, Ch.E
Lecturer, Garden City University College
10. Richard Kofi AkotoMPhil, Ch.E
Lecturer, University of Ghana Economics Dept.
11. William Kofi Offei-Mensah,MPhil, Ch.E
12. Franklin Russell Nyamadi, MA, Ch.ELecturer Institute of Distance Learning, KNUST
13. Ernest Asamoah Ofori, MBA, MA, MSc, Ch.E Regional Manager Bayport Financial Services
14. Emmanuel Opoku WarePhD, MSc, Ch.E
Lecturer, Sunyani Polytechnic
15. Dina Adei,MA, Ch.E
Department of Planning, KNUST, Kumasi
16. Gordon Newlove Asamoah,MSc, Ch.E
Lecturer, School of Business, KNUST
MA, ChE
Ch.E PROFILES
PROF. GEORGE S. MENTZ
PhD, FD, MBA, CWM (CEO/Chairman, AAFM)
PROF. WILLIAM BRYNES
PhD (Associate Dean, Thomas Jefferson School Of Law)
MR. HENRY ISAAC ADUSEI
BA(Hons)Econs, LLM, CEPA, FCCE (Director of Administration ACCE Inc.)
MR. KONADU YIADOM
BA(Hons)Econs,LLM,CEPA, FCCE (Director of Operations and Finance ACCE Inc.)
MR. ERIC TSIBUAH
B.Sc, LLM, CEPA, FCCE ( Director of Internal Service ACCE Inc.)
DR. ISHAQ SHAFIQ
PhD, Ch.E, (Chief Executive Manager-Quantum III Consultant Groups LLC-ACCE Inc. Advisor)
22
BOARD OF STANDARDS
FELLOWS OF ACCE IncPROF. KOFI NKETSIA AFFUL (PhD, CEPA, FCCE ) University of Cape Coast (Head of Economics Department (2004 – 2009)
PROF. OHENE-MANU JOSEPH (PhD, CEPA, FCCE) Kwame Nkrumah University of Science and Technology (Dean of the College of Arts and Social sciences) PROF. CHRISTOPHER AMEYAW-AKUMFI (PhD, CEPA, FCCE) Former Minister of state, Member of Parliament
DR. PETER BORKLY AGLOBITSE (PhD, CEPA, FCCE) University of Cape Coast (Head of Economics Department 2009
23
DR. ARMAH MARK KOJO (PhD, CEPA, FCCE )University of Cape Coast (Lecturer Economics Department)
DR. (SIS) EUGENIA AMPORFU(PhD, CEPA, FCCE) Kwame Nkrumah University of Science and Technology (Lecturer Economics Department)
HON. JUSTICE JOE APPIAH(CEPA, FCCE) Member of Parliament
MR. BENJAMIN KOMLA KPODO( MSc, CEPA, FCCE)Head of Finance, University of Education-Winneba.
MR. GEORGE LORD OPOKU-ANTWI(MA, CEPA, FCCE) Sunyani Polytechnic (Lecturer / administration
DR. THEOPHILUS SENYO ACKORLIE(PhD, CEPA, FCCE) University of Education Winneba (Finance Unit)
MR. AGYEPONG FRANKLIN TWUMASI(MBA, CEPA, FCCE ) Presbyterian University college / Koforidua Polytechnic
MR. APPIENTI WILLIAM ANSAH( MSc, CEPA, FCCE) Kumasi Polytechnic (LecturerEntrepreneurshipDepartment)
MRS. JOYCE AMA QUARTEY(MSc, CEPA, FCCE) Christian Service University College(Lecturer Department of Business)
MR. ABDALLAH ALI – NAKYEA (FCIT, FICB, FCCE, CEPA, CA. (GH), MTP (SA) MPil (Econs), LLB (HONS), BL) Managing Consultant WTS Nakyea & Adebiyi ( Tax Attorney & Solicitors )
MR. CHRISTOPHER KWAME SOKPOR BA (HONS) ,ECONS, MBA, CA (GH), CPA (L) MCITG, MGIM, GEPA, FCCE
Unit Manager (AG) World Bank / African Dev't. Bank. Project Financial Management Unit - (PFMU)Ministry of Finance - Government of Liberia
YAW OKYIREH, MBA,CEPA,FCCE
Regional Accountant / Deputy Chief AccountantGhana Health Service, Kumasi
ISAAC APPIAH, MBA,ChE, FCCE
Deputy Regional Accountant / Principal AccountantGhana Health Service, Kumasi
IKE JOE NII ANNANG MENSAH – LIVINGSTONE,MA,CEPA,FCCE
Deputy Registrar,Koforidua Polytechnic
REGISTER TODAYTake a decision today to start a career in economics by registering with us as a student at anytime of the year. However, there are some specific closing dates you should observe which will determine when you can take your first exam.
REGISTER BY15 September if you wish to take your first exam in January15 February if you wish to take your first exam in July
There are a number of ways you can register with us. You can complete a paper registration form. You can request a registration form from your nearest ACCE office or from ACCE Connect-Our customer contact centre. Find contact details at the back of this handbook.Alternatively, online at www.charteredeconomists.org/contact. php#comment is the easiest and quickest way to register with us,
24
MINIMUM ENTRY REQUIREMENTSYou must have at least 2 A levels and 5 SSCE/SHS or equivalent in 5 separate subjects, including Mathematics and English.
Entry Level Fundamental LevelACCE G1 Fundamentals of EconomicsACCE G2 Quantitative Economics ACCE G3 Fundamentals of Accounting
GENERAL ENTRY REQUIREMENT
PhD, MPhil, MBA, MA, M.Sc, B.A, B.SC, B.ED, B.COM HND, DIPLOMA (Economics, Accounting, Management,
Banking and Finance, Statistics, Mathematics, Agric Economics, Business Administration, Logistics & Supply,
Marketing etc) ACCA, CIMG, ICA, ICM (UK) Undergraduates & HND Students etc.
Your previous qualifications entitle you to exemptions from some of the ACCE exams. This means you will start
your studies at the most appropriate level according to your knowledge, working experience and skills and more
importantly, avoid studying courses that you already know.
For example, if you have completed a relevant degree (pursuing a relevant degree) from an accredited university,
you may be eligible to claim exemption from all fundamental level papers. Further exemptions can be claimed at
the professional part I and II depending on the relevance of your course of study.
25
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First Floor Energy 21 Building, Odorkor Busia Junction-Accra
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E-mail: [email protected] or [email protected]
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Tel Nos: 0322-047397,
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ASIA
AAFM Asia Singapore www.aafmasia.com
Asia Representative Office
American Academy of Financial Management (Singapore)
(A duly registered society)
1 Genting Link #06-03, Singapore 349518 (Macpherson)
AAFM China/Hong Kong www.aafmchina.org
Room 803, Building D
International Economy Finance Centre
87 XisanhuanBei Road, Haidian District
beijing 100089, China AAFM Taiwan Representative Office C/o Ivy
Education Group
142, 3F/3, Chung Hsiao E Rd, Sec 4,?Taipei, Taiwan
www.aafmtw.com
WORLDWIDE
AAFM Global Office www.aafm.us
200 L&A Road, Suite B, Metairie , LA 70001 USA
Fax: 419-828-4923
Attn: Attorney G. Mentz
Email: [email protected]
KGS Law Firm, LLC LA - LA, USA
200 L&A Road, Suite B, Metairie, LA 70001 USA
Email:[email protected]
AAFM Latin America/South America Prof Santillan in alliance with
EGADE in 34 American Locations
www.aafmla.org India AAFM - Indian Institute of Finance AAFM
Training Center
www.aafmindia.com
Bombay, Kolkotta, Delhi, Chennai
AAFM EU and Europe EAFM EIFM
www.eafm.org
Switzerland, UK, Athens UK United Kingdom (PCMO) www.pcmo.org
PO Box 10006, Colchester, CO1 9FW
United Kingdom
Mrs Lekshmy Sunil - Executive Director ([email protected]) Financial
Management Certification - http://www.pcmo.org/aafm.html
Certification, Registration, Verification & Course Enquiries:
[email protected] AAFM GCC Middle East
AAFM Chapter Dubai, UAE
www.aafmgcc.com
Email: [email protected] AAFM - Kingdom of Saudi Arabia Managerial &
Financial Training Center (MFTC)
P.O Box: 11592 Jeddah 21463- Kingdom of Saudi Arabia
Website: www.fin.com.sa Brazil Testing Offices: AAFM Brazil: Latin & South
America Authorized Training & Exam Center: KPO - www.kpocs.com.
Alameda JoaquimEugênio de Lima, 598,
Conj. 63 JdPaulista - São Paulo SP - 01403-000 Authorized Books & Related
Materials:
Desenvolva-se - www.desenvolva-se.com
RuaApucarana, 428 - 1º andar - São Paulo SP - 03311-000 AAFM South Africa
Courses ITI International Tax Institute
ITI Courses (AAFM Approved)
Administration Offices:
14b Ebony Drive Northcliff 2195?South Africa
26
Taking your ACCE exams is part of your journey towards becoming a Chartered Economist and we therefore expect you to act in a professional manner when taking your exams. The following rules on conduct apply to students taking ACCE exam.
1. You are required to comply in all respects with any
instructions issued by the registrar, exam supervisor
and invigilators before and during an exam.
2. You are required to comply with the exam supervisor's
ruling. Supervisors are obliged to report any cases of
irregularity or improper conduct to the registrar. The
supervisor is empowered to discontinue your exam if
you are suspected of misconduct and to exclude you
from the exam hall.
3. You may not attempt to deceive the registrar or the
exam supervisor by giving false or misleading
information.
4. You are not permitted to remove either your script
booklet or your question paper from the exam hall. All
exam scripts remain the property of ACCE.
5. You are not allowed to take to your exam desk,
possess, use or intend to use while at that desk, any
books, notes or other materials except those
authorized by the registrar. If you are found to have
taken to your desk, or possessed while at that desk,
unauthorized materials which are relevant to the
syllabus being examined, it will be assumed that you
intended to use them to gain an unfair advantage in
the exam. In any subsequent disciplinary
proceedings, it shall be for you to prove that you did
not intend to use the materials to gain an unfair
advantage in the exam.
6. You may not assist, attempt to assist, obtain or
attempt to obtain assistance by improper means from
any other person during your exams.
EXAM REGULATIONS7. You are required to adhere at all times to the
Instructions to Candidates, which you receive with
your Examination Attendance Docket.
8. You may not engage in any other unprofessional
conduct designed to assist you in your exam attempt.
9. Once the exam has started, you are not allowed to
leave the exam hall permanently until the end of the
session and then only when instructed by the
supervisor.
These regulations are reproduced on your Examination Attendance Docket – you should take time to familiarize yourself with them. In order to be eligible to sit your exams you must sign your docket confirming your agreement to comply with these regulations.
Misconduct in an examination
a. A registered student found guilty of contravening an examination regulation may be disqualified from any examinations for which the results have not yet been issued, barred from sitting examinations for a specified period, removed from the student register, and/or be liable to such other penalty as the Disciplinary Committee may determine. A registered student found guilty of a breach of the examination regulations will normally be removed from the register.
b. The Supervisor is empowered to discontinue the examination of a registered student suspected of misconduct and require him or her to leave the examination room
c. Publicity will always be given to the Disciplinary Committee's decision and in all but exceptional circumstances the registered student will be named. ACCE reserves the right to withhold the results of a registered student's examination while a complaint against him or her is under investigation or consideration
d. The Examination Regulations and disciplinary procedures also apply to registered students sitting examinations for internally examined courses.
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For information about ACCE’s admission requirements or how to maximize benefits, Contact ACCE Connect. (+233-302-302083)
Website: www.charteredeconomists.org Email: [email protected] or [email protected]