Week_5 Essays - , Term Papers, Research Papers

|Name: Dhulfiqar |Date: 9/19/19---9/1/19 | Graded Assignment Activity Log In this Physical Education course, you will use this activity log to keep track of your physical activity. Your teacher will review your activity log each week and then enter your participation points in the Gradebook. You will receive 2 participation points for each entry in your activity log. If a week includes 5 regular school days, you can earn 10 participation points for completing an entry each day. | |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 | |Start Time |12:30 PM |2 PM |1:00 AM |2:00 PM |11 AM | | | | | | | | | | | | | | | |Stop Time |1:30 PM |3 PM |1:30 AM |2:30 PM |11:44 PM | | | | | | | | |Location |Turkey, |Turkey, |Turkey, |Turkey, |Turkey, | | |Private GYM,|Private GYM,|Private GYM,|Private GYM,|Private GYM,| | |Pool |Pool |Pool |Pool |Pool | | | | | | | | |Your Score |___ of 10 | Notes:

The Economic Costs of Inflation

The Economic Costs of Inflation In general, people seem to know that inflation is often not a good thing in an economy. This makes sense, to some degree- inflation refers to rising prices, and rising prices are typically viewed as a bad thing. Technically speaking, however, increases in the aggregate price level need not be particularly problematic if prices of different goods and services rise uniformly, if wages rise in tandem with the price increases, and if nominal interest rates adjust in response to changes in inflation. In other words, inflation need not reduce the real purchasing power of consumers. There are, however, costs of inflation that are relevant from an economic perspective and cannot be easily avoided. Menu Costs When prices are constant over long periods of time, firms benefit in that they dont need to worry about changing the prices for their output. When prices change over time, on the other hand, firms would ideally like to change their prices in order to keep pace with the general trends in prices, since this would be the profit-maximizing strategy. Unfortunately, changing prices is generally not costless, since changing prices requires printing new menus, relabeling items, and so on. Firms have to decide whether to operate at a price that is not profit-maximizing or incur the menu costs involved in changing prices. Either way, firms bear a very real cost of inflation. Shoeleather Costs Whereas firms are the ones who directly incur menu costs, shoe leather costs directly impact all holders of currency. When inflation is present, there is a real cost to holding cash (or holding assets in non-interest bearing deposit accounts), since the cash wont buy as much tomorrow as it could today. Therefore, citizens have an incentive to keep as little cash on hand as possible, which means that they have to go to the ATM or otherwise transfer money on a very frequent basis. The term shoe leather costs refer to the figurative cost of replacing shoes more often due to the increase in the number of trips to the bank, but shoe leather costs are a very real phenomenon. Shoeleather costs are not a serious issue in economies with relatively low inflation, but they become very relevant in economies that experience hyperinflation. In these situations, citizens generally prefer to keep their assets as foreign rather than local currency, which also consumes unnecessary time and effort. Misallocation of Resources When inflation occurs and prices of different goods and services rise at different rates, some goods and services become cheaper or more expensive in a relative sense. These relative price distortions, in turn, affect the allocation of resources toward different goods and services in a way that would not happen if relative prices remained stable. Wealth Redistribution Unexpected inflation can serve to redistribute wealth in an economy because not all investments and debt are indexed to inflation. Higher than expected inflation makes the value of debt lower in real terms, but it also makes the real returns on assets lower. Therefore, unexpected inflation serves to hurt investors and benefit those who have a lot of debt. This is likely not an incentive that policymakers want to create in an economy, so it can be viewed as another cot of inflation. Tax Distortions In the United States, there are many taxes that do not automatically adjust for inflation. For example, capital gains taxes are calculated based on the absolute increase in the value of an asset, not on the inflation-adjusted value increase. Therefore, the effective tax rate on capital gains when inflation is present may be much higher than the stated nominal rate. Similarly, inflation increases the effective tax rate paid on interest income. General Inconvenience Even if prices and wages are flexible enough to adjust well for inflation, inflation still makes comparisons of monetary quantities across years more difficult than they could be. Given that people and companies would like to fully understand how their wages, assets, and debt evolve over time, the fact that inflation makes it more difficult to do so can be viewed as yet another cost of inflation.

Non-Member Countries of the United Nations

Non-Member Countries of the United Nations Although most of the worlds 196 countries have joined forces to tackle global issues like global warming, trade policy, and human rights and humanitarian issues through joined the United Nations as U.N. member states, two countries are not members of the U.N.: Palestine and the Holy See (Vatican City). Both, however, are considered Non-member States of the United Nations, which means they have permanent invitations to participate as observers of the General Assembly and are provided free access to documents of the United Nations. Although not specifically dictated in provisions of the United Nations, the non-member permanent observer status has been recognized as a matter of practice in the U.N. since 1946 when the Swiss Government was given the status by the Secretary-General. More often than not, permanent observers later join the United Nations as full members when their independence has been recognized by more members and their governments and economy have stabilized enough to be able to provide financial, military or humanitarian support for international initiatives of the United Nations. Palestine Palestine currently operates on a Permanent Observer Mission of the State of Palestine to the United Nations because of the Israeli-Palestinian Conflict and its subsequent fight for independence. Until such a time as the conflict is resolved, though, the United Nations cannot allow Palestine to become a full member because of a conflict of interest with Israel, which is a member state. Unlike other conflicts in the past, namely Taiwan-China, the United Nations favors a two-state resolution to the Israeli-Palestinian Conflict wherein both states emerge from the battle as independent nations under a peaceful pact. If this does happen, Palestine would almost certainly be accepted as a full member of the United Nations, though that depends on member states votes during the next General Assembly. The Holy See (Vatican City) The independent papal state of 771 people (including the Pope) was created in 1929, but they have not chosen to become part of the international organization. Still, Vatican City currently operates in the United Nations as a Permanent Observer Mission of the Holy See to the U.N. Essentially, this just means that the Holy See- which is separate from Vatican City State - has access to all parts of the United Nations but does not get to cast a vote in the General Assembly, largely because of the Popes preference to not immediately affect international policy. The Holy See is the only fully independent nation to choose not to be a member of the United Nations. States Without Non-member Observer Status Unlike the U.N.s official permanent observers, these states are not recognized by the U.N. However, they are recognized as independent states by some of the U.N.s members. Name Recognized By Kosovo 102 U.N. member states Western Sahara 44 U.N. member states Taiwan 16 U.N. member states South Ossetia 5 U.N. member states Abkhazia 5 U.N. member states Northern Cyprus 1 U.N. member state Kosovo Kosovo declared independence from Serbia  on February 17, 2008, but has not gained complete international recognition to allow it to become a member of the United Nations. Still, at least one member country of the U.N. recognizes Kosovo as capable of independence, though it technically still remains part of Serbia, acting as an independent province. However, Kosovo is not listed as an official non-member state of the United Nations, though it has joined the International Monetary Fund and the World Bank, which are two other international communities focused more on international economy and global trade rather than geopolitical issues. Kosovo does hope to one day join the United Nations as a full member, but political unrest in the region, as well as the ongoing United Nations Interim Administration Mission in Kosovo (UNMIK), have kept the country from political stability to the degree required to join as a functioning member state. Today, Kosovo is recognized by 102 U.N. members. Taiwan In 1971 the Peoples Republic of China (mainland China) replaced Taiwan (also known as the Republic of China) in the United Nations, and to this day the status of Taiwan remains in limbo because of political unrest between those claiming Taiwanese independence and PRCs insistence on control over the entire region. The General Assembly has not fully extended the non-member state status of Taiwan since 2012 because of this unrest. Unlike Palestine, however, the United Nations does not favor a two-state resolution and has subsequently not offered non-member status to Taiwan as to not offend the Peoples Republic of China, which is a member state. Today, Taiwan is recognized by 16 U.N. members.

Love in Marriage Essay Example | Topics and Well Written Essays - 750 words

Love in Marriage - Essay Example This research will begin with the statement that marriage is the basis of a family unit, and society's central component is family - thus, marriage. On a general term, marriage is the coming together of two individuals whose aim is a lifetime of partnership and possibly, reproduction. If this is true, then it is safe to say that stability is important for couples to move on with their married lives towards the fulfillment of their unified goals. While it is true that some couples may be married for reasons other than love, and while it is also true that these types of marriages may have worked for some of these couples, it still remains true that love plays a major and important role in the majority of marriages in the world. Nowadays, it can be said that love is overrated in relationships and undervalued in marriages. This may be the reason for several early marriages or relationships, and continuous increase in divorce rates. While no one says it is wrong to get involved with love at an early age, while inside a marriage, couples need to recognize it's importance â€Å"till death do them part.† According to recent studies, while romantic love is a concept that is widely accepted, not everyone considers it as an important factor in marriage. However, most studies show that love in marriage helps in stabilizing the union between the couples. Surprisingly, while not everyone views love as necessary to establish marriage, a large percentage of marriages in societies are based on romantic unions.... However, it should be first emphasized that the attention it needs is not the one that causes romance novel bestsellers or blockbuster hits. For one, successful marriages seem to be a rarity (De, 1996, p.703). How many among acquaintances or relatives have successful marriages, or have at least come from successful unions? It seems that almost everybody in today's world at least knows a person who have come from a broken home. Gone were the days when the term â€Å"broken home† causes tugs at the hearts of those who hear. Why? Because it has become so common. It is possible that people may have been so cynical of the concept of love that the more they hear of it's supposed failure to make marriages work, the more they disregard it. One has to remember that while love in marriages will not change the annoying things that they say make marriages collapse little by little, love may help in making couples focus not on what is annoying, but on what is pleasing. And while love will not keep either party from getting hurt, it will at least pave the way for possible forgiveness (Chapman, 2007, p.29-31). On a logical note, since humans are inherently in need of affection, marriages should be the foundation where the fulfillment of the sense of belonging and security should come from. As mentioned earlier, love in marriages helps in providing stability in a union. Therefore, people should not look into the idea of love in marriages as some sort of just a romantic idea resulting from too much reading of pocketbooks or watching romantic movies. Love in marriages runs deeper than shallow Hollywood presentations. Love and marriage are two crucial elements in human society. Understanding the importance of love is stabilizing this core unit

Instrument Improvements of the Nineteenth Century and the Effects on Essay

Instrument Improvements of the Nineteenth Century and the Effects on the Wind Band - Essay Example There have been many different versions of wind instruments as they too have slowly evolved and improved with the passage of time. It is the intention of this paper to demonstrate how the invention of modern day wind instruments helped to bring the wind band out of the realm of pure functionality, and into the realm of artistic expression. Through the additions and improvement of modern wind instruments, the wind band is becoming another respected art medium. It was through the work of European wind instrument makers that all of the wind instruments gained the ability to play chromatic notes, allowing them to play melodies, and gradually changing the role of the wind band from one of functionality to artistic expression. In this paper, it is argued, wind band while attaining this status by way of instrument improvements, facilitated better scope for individual performance within the band without sacrificing the element of harmony and this was what contributed to the growth of wind ba nds as an artistic medium. Background The proposition that â€Å"invention and development† led to wind bands entering â€Å"musical life† in a big way, is an acknowledged fact.2 The major developments in this realm have been, the invention of saxophone, use of pistons in brass instruments, use of pistons in wood wind instruments, improvements made to the clarionet â€Å"by bass and contrabass†, development of a new form of oboe by incorporating â€Å"contrafaggotto†, and the emergence of the new brass instruments â€Å"in the lower bass section.†3 These changes and improvements were either effected simply by enthusiastic innovators or were made on demand from the master composers in order to meet their creative requirements.4 Above four thousand patents for innovations were allocated in France alone in the nineteenth century and among them, piano and wind instruments were the majority.5 In general, it was to â€Å"bridge over the long gaps and in tervals between [†¦] [the] open notes that all systems of valves, slides and keys are intended.6 This enhanced the quality of the music being produced and provided wind band music with an added dimension of individualism. Theobald Boehm The earlier existing forms of wind instruments were so under-developed that the creation of harmony using them was a near impossibility.7 In the early nineteenth century, European instrument makers were hard at work trying to devise a way to improve the tuning of wind instruments. The keyed bugle was the invention in the series of improvements to wind instruments and the inventor was Joseph Halliday to whom the product was patented.8 Theobald Boehm (1794-1881) was born in Germany and was â€Å"a professional flautist who became dissatisfied with the tone quality and imperfect mechanism of the old-style conical bore flute.†9 He decided to redesign his own flute after hearing a concert given by Charles Nicholson in London.10 Boehm was impre ssed by Nicholson's powerful tone drawn from his large-holed flute. In 1832, Boehm emerged from his shop in Munich with a new large-holed conical bore flute that incorporated interlocking rings with which to cover the 14 newly placed tone holes.11 Boehm did not start making cylindrical flutes until 1847 after studying and applying the science of acoustics to his instrument making.12 It would be another

Levels Of Pollution In The Brisbane River Environmental Sciences Essay

Levels Of Pollution In The Brisbane River Environmental Sciences Essay River Brisbane is the longest river in the southeast Queensland of Australia. It originated from the foothills of the great dividing and flows through Brisbane city before releasing its water into Moreton bay. The river was named after Thomas Brisbane, New South Wales Governor, by John Oxley in 1823. The river provided and still provides a main form of transport between the city of Brisbane and Sydney. Before the European settlement Brisbane River was very clean and unpolluted. It was then used as a source of food and also for recreational purposes. For quite a long time the growth and settlement of people around river Brisbane has adversely affected the quality of its water as well as the life that it supports (Straughan 1972 p.93). As the town of Brisbane grew the river became very unclear and polluted and by 1928 the water quality had deteriorated to the extent that it was not safe even for bath. However the government of Australia decided to protect the river from pollution and by adopting antipollution acts as well as educating the public on the importance of protecting the environment. The river was used the source for agricultural water and also provided sand used in the construction around the growing city. The river faced so many risks of pollution from the growing industries and from the waster vessels that transported petroleum products and other substances. Nitrogen from sewage treatment and phosphorous from industrial discharge as well as other metals, were and still are among the main pollutants (MacKey, Hodgkinson Nardella 1992). However the data taken on the nitrogen and phosphorus levels in the river shows that the efforts of protecting the river have bared some fruits. In 2000 the average nitrogen levels were about 2.2mg/l while in 2009 the average level had dropped to 0.5mg/l. A graph plotted for both nitrogen and phosphorous show a decrease in their concentr ation in the river. Introduction For more than 400 million years now, the Brisbane River has been flowing. Its catchments have endured a number of floods and droughts seasons while its origins have continuously shifted as the surrounding land kept changing from time to time. In 1823 when John Oxley entered River Brisbane for the first time, the river was very clean and unpolluted. After a while Oxley realized that the river could be used as a new site for new settlement and through his suggestion, the city of Brisbane was developed alongside the River in 1825. The Brisbane River, whose origin is at the base of Great Dividing Range, has a catchment area of about 30,000km square and it releases its water into the bay of Moreton (National Library of Australia 1988). The once pure water of Brisbane was mostly used for drinking and for recreational purposes like swimming and the like. However as the city of Brisbane developed, industries started growing in it. At that time industries took the river as an efficient and cheap point for waste disposal. The Brisbane River was the only means of transport between Brisbane town and Sydney until when the road links were established. This river has for long been the most important asset for of Brisbane city as its still used for transportation, recreational and relaxation purposes. For the better part of the twentieth century, this river has been polluted and overused as its basin provided grazing grounds as well as fertile lands for agriculture (Institution of Engineers, Australia, 1986). According to AsiaRooms.com, the river basin also provided suitable catchment areas which could be used for damming purposes. The river presented several advantages which for the town and its people but the people exploited these advantages so carelessly such that self reparation appeared unfeasible. Today the Brisbane River has undergone considerable modifications to meet the requirements of the citys population which is increasing. Through diverse public awareness on the need to protect the environment, the river has gained significant political support in form of anti-pollution acts and policies that were adopted by the government (Doyle Kellow 1995 p.180). Currently the duty of checking pollution levels and water quality of river Brisbane is currently on the Queensland parliament. The parliament has so far made a lot of progress in its efforts of maintaining the quality of the river by establishing two anti-pollution acts. These acts comprise the 1971; Clean Waters Act and the Pollution of Waters by Oil of 1973. Due to the current public awareness on environmental protection and by the help of these acts, the quality of River Brisbane has significantly improved although its not yet at the safe levels. According to Doyle Kellow (1995), the River is currently supporting a population of 2 million people while transport and industries and still dependent on the river, which then helps to understand why its pollution level is still above the safe levels (p.180). The aim of this essay is to give a report on the levels of pollution of Brisbane River from the year 2001 to 2010. For the 150 years that the Europeans have occupation the region, River Brisbane has seen a number of modifications. The river has survived waves of exploration including agriculture, grazing, urbanization and settlement, etc. the urbanization and settlement required flood mitigation strategies and water storage for drinking purposes (Straughan 1972 p.94). Shipping channels and flood prevention measures also needed to be taken as the river was the main means of transport between the city and Sydney. Sand dredging along the river has been the main activity as sand was highly needed for construction in the city. Between the year 1900 and 1970 approximately 12 million cubic meters of sand were extracted from the banks of River Brisbane. Extraction reached its peak latter in mid 70s when about 1.45 million cubic meters of sand were being extracted annually. The extraction later dropped to 1 million per year and eventually ceased in 1996/7. The riches of the river between mt Crosby and Wivehoe are most pleasing aesthetically because of their cool atmosphere. Between Jindalee and mt. Crosby the river widens and then flows through rural and residential areas. In this area pollution by human beings is very evident and likely. Currently the Brisbane port is accountable for extraction of sand in the lower reaches of the river so as to maintain deep channels for water vessels. This long time dredging has considerably deepened the river hence making its banks quite unstable (Olafson 1978). Strong urban development has been evident throughout the city and on the south bank reach. As this river proceeds towards the Pinkenba, commercial and industrial areas dominate while further down from Murarie to the mouth, the river passes through mangrove lined region which is dominated by commercial shipping activity (MacKey, Hodgkinson Nardella 1992 p 418-420). The speed of water in this region is often determined by season. In this region the river reaches its highest flow speed during summer when there is high rainfall while the minimum flow is in winter when rainfall is minimal. Due to the slow flow of water in this region, there is likelihood of pollutants accumulation and overall deterioration of water quality. However this accumulation of pollutants can be cleaned by the release of water from storage dams situated in the river upstream. Wivenhoe and Somerset dams release certain amounts of water that are satisfactory to the water needs of the people of Brisbane. These two dams enable a more even water flow throughout the year thus maintaining and improving the qu ality of water in the river. The dams are also used as a means for flood prevention by reducing water flow from the range. Analysis of the past and current pollutants of river Brisbane According to Connell Shaw (1980), the major sources of pollutants of the river comprise the many large scale discharge points where wastes from industries and treatment plants discharge into the river (p.356-358). Currently the discharge from sewage is treated to a safer secondary standard with only a small portion of it being left in the primary standard. The small portion of primary standard sewage discharged into river Brisbane does not only contribute considerably to the toxicant load in the river but also to the nutrient load and increased demand for oxygen. This pollution leads to the contamination of fish and other aquatic life by such substances. Sewage discharge around the city of Brisbane is usually chlorinated hence causing a negative impact to the river. The most common discharges to river Brisbane resulted from the highly industrialized section of the river. The city of Brisbane has two main treatment plants for waste water as well as Gibson Island on the Southside and a luggage point on the North side both of which are found at the industrialized section of the river. Moreover River Brisbane faces other risks of pollution from the BP and Caltex oil refineries which discharge into the river discharge streams from potentially contaminated areas. Other discharges into the river such as runoff from the urban and industrial parts, and from upstream parts of the catchment, discharge substantial toxic pollutants into the river (Wong Tam 2005). Sometimes accidents occur resulting to spills of petroleum and insecticides among other substances. This often results to contamination of the river leading to fish death and other water lives. For instance in April 1998, a tanker known as Barrington was docked at White Island in Brisbane collided with a local boat named Austral Salvor. This accident resulted to a spill of 8 tonnes of heavy fuel into the river. Conclusion In order to recommend any possible measures that can help improve the quality of River Brisbane one must understand the past and the current pollutions characteristics of the river. In this paper, the pollution analysis of river Brisbane is based on the data provided by Queensland Department of Environment and Resource Management. Nitrogen and phosphorous which are the main pollutants of the river have been measured and their levels in the river minimized. Nitrogen is found in fertilizers and it usually reaches the river when rain water passes through agricultural fields where fertilizer has been applied. Its also produced during sewage treatment processes. Phosphorous is produced in the waste treatment plants in Brisbane and from confined livestock operations. According to Cambridge Scientific Abstracts (1997), both nitrogen and phosphorous are can be harmful and toxic to aquatic life since their enhance growth of aquatic plants which then depletes the water of oxygen hence posing d anger to fish and other organisms (p.35). The graph below shows the levels of nitrogen and phosphorous in River Brisbane from the year 2000 to 2009. The concentration of these pollutants was measured in milligrams per litre of water. Fig.1 graph of nitrogen and phosphorous concentration against years From the graph we see that in 2000 the level of nitrogen in river Brisbane was quite high with more than 2mg of nitrogen in every litre of water. However due to the extensive public awareness and the anti-pollution measures taken by the government these levels reduced drastically between 2000/1 to below 1.5 mg/l. the downward trend in decrease of nitrogen continued until 2008 when the average level was about 0.5 mg/l. in 2009 the levels appeared to be rising again which shows that the government as well as the general public of Brisbane may have relaxed in its efforts to maintaining the quality of the river. On the other hand phosphorous levels have been low all through with level of below 0.4mg/l in 2000. The phosphorous levels have also shown a general downward trend and show a likely hood of reaching zero levels within the next few years if the same trend is maintained. The analysis of the past and the present pollution situations of river Brisbane indicate the government as well as the local authorities have done tremendous work in controlling the water quality of the river. If the efforts are maintained, the river will reach its old clean levels within a few years.

Tips for a Career: Financial Analyst and Financial Engineering

If you are one of those persons who thought that you have to be an engineer by profession and academic background to be a financial engineer, you are under the wrong impression. If you are very good in mathematics and would like to take a de route to your attaining success in life without losing your flare for math, this is where you should be, and this is a tip for a career. How much can you earn? It depends on you. A wizard can earn to his heart’s content it looks like because financial engineering deals with predictive modeling in investment and  financial analysis.Now you can guess why the investors and financial institution’s chief executives wish that they had paid more attention to their math classes. If you are a young aspiring person yet to bloom here are some tips for building a lucrative career for yourself. If you would like to make it all the way to the Wall Street lucrative jobs and be there offering advice on one what to buy or when to buy, or, what to sell and when to sell, or, go to top in investment banking a financial analyst career can help you get there.Just imagine if you can do the modeling and are also very efficient analyst you could be walking on the golden path laughing all the way to your bank Don’t wonder why I have combined these two. I see analysts with weakness in model building and custom software generation today. Similarly I also see that quite fewfinancial engineers  are not comfortable with the analysis part. Therefore, there can be bright future including entrepreneur possibilities for a person who develops expertise in both areas.If you are an ambitious person interested in this line read on these tips for a career in this field. Current total employment potential for financial advisor’s career is well above 200,000 with a predicted growth of 41 percent. What is financial engineering? Financial engineering is involves application of financial theory, the methods of financing, and tools of ma thematics, computation and the practice of programming to achieve the desired end results. Financial engineering can help create new and enhanced products out of existing financial instruments.Financial engineers can help create the most effective bundles out of products and investment portfolios out of existing  investment alternatives  and their predicted outcomes and associated risks. Thus if an investment company or wealth management bank wants to advise its clients, it needs financial engineering due to the multi various investment alternatives available. Similarly if an insurance company wants to know what is the best way to put two or three types of insurance covers and sell as a brand both to increase sales and profits financial engineer can help.Sounds exciting? Yes, it is, a financial engineer can earn millions if he or she gets commissions. What is financial Analyst Financial analysts keep themselves up to date with macroeconomic environment and also analyze the balan ce sheet and other relevant information related companies to write reports and give advice on buying and selling of stocks, or future financial strategies companies should adopt, or make investments that they can make. They usually specialize in some area depending on the organization they work for.They may be working for bank, buy side or sell side investment companies and insurance companies and investment banks Tips for a career- the qualification required for a career as financial engineer or Financial Analyst The diversity is quite high. After an undergraduate degree with a good grade point one can work for MBA with financial engineering as one specialization, or a Master of Financial Engineering (MFE) or MA in Mathematical Finance or M. SC in Financial Engineering. It would help a lot if you have taken enough mathematics and computer courses.In some schools the term  computational finance  is also used to denote financial engineering. You have to be cautious in making the right choice and you need to be pretty clear on whether you would like to work for an industry or get into academics. To be in academics you will need a PH. D too. This is not to imply that PH. D is not useful for industry jobs. For example a Hedge fund financial engineer in a trading firm job needs would be like knowing C++, SQL, Linux and Unix high frequency high frequency automated trading.He will be responsible for trading strategies and algorithm enhancement. He should define and implement data collection and acquisition matter. He should perform statistical analysis and optimize innovations and enhancement to trading models. He should be able to write functional requirements for  software developersand collaborate with software developers. Tips for a career as financial analyst Normally  MBA  in finance from a reputed university would be a good to start.However Chartered Financial analyst certificate (CFA) could be great asset if not essential. For anyone not comfortable with all the technical aspects the CFA program uses it would better to start with series & and series 63 exams. These programs need sponsorship from a company that is NASD member or self regulatory organizationhttp://en. wikipedia. org/wiki/General_Securities_Representative_Exam In addition to MBA finance or MFE it would be advisable to get a CFA, Chartered Financial analyst certificate.Another program of use may be the certified International Analyst program offered by the Council for Portfolio Management and research offered by the Association Certified International Analysts, Zurich, Switzerland (links below) There are also programs offered by JP Morgan’s chase’s finance division for under grad degree holders and Deutsche bank analyst type of programs. Generally these are targeted at undergrad degree holders with finance and accounting majors.Best Graduate Programs offering Master’s degrees and Doctoral degrees in Financial Engineering As mentioned above the diversity is quite high in the degree though there is a good overlap in the curriculum. The choice would depend on the reputation of the school and your planned career that is teaching, industry or banking career. The duration of the program is also different and range from 1 year to 2 years. The tuition can vary from about $74,000 for 1. 5 to 2 year program to $37,000 to $ 44,000 for one year programs. The schools given below also have excellent MBA programs with Finance specialization.The top ten lists for General Management and other specializations may be different USA programs Carnegie Mellon University Columbia University Princeton University Stanford University University of Chicago New York University University of California Berkeley Boston University Georgia Institute of technology North Carolina University University of Illinois Urbana University of Michigan Claremont Graduate School Rutgers University University of Southern California Kent State University Purdue Univer sity Best Programs outside USA Imperial College, London, UK Warwick, UKKing’s college, UK Birkbeck, UK City,UK ICMP reading Leeds University, UK Leicester University Liverpool Manchester Oxford University Hongkong University Hongkong Nan yang technical University, Singapore National University of Singapore Dublin University EDHEC France Ecole Polytechnique Federale De Lausanne, Switzerland Frankfurt school of finance Germany Tilburg University Netherlands Indian Schools Indian Institute of Management (IIMs) Indian Institute of technology (IITs) IFMR Chennai Indian Institute of Capital Markets Mumbai, former UT I Institute of capital markets PG DiplomaIndian Institute Of Capital Markets. (Formerly UTI Institute of Capital markets), P B No:99, UTI house, plot no:82 Sector-17,vashi,Navi mumbai-400705. Phone:022-27892815/16 Salary ranges for Financial engineers In USA Financial engineer salary at level is about $63000 to $101,000 Financial Engineer salary is about $86,000 to 116, 000 Manager Financial engineering salary is in the range $144,000 to 156,000 In UK is about pounds 38,000 Salary ranges for Financial Analysts holding CFA certification USA Portfolio Manger $80,000-$149,000 Financial Analyst 48000-$73,000Senior Financial analyst $66249-$96000 Financial securities investment analyst $ 67000-97000 Chief Financial Officer $100,000 – $ 198000 UK Pounds 36000 With pounds 40000 Australia Financial Analyst, A$ 60,000-80,000 Financial/ securities/investment analyst A$ 50,000 – $ 90,000 India Financial analyst Rs 269,000 – Rs 700,000 Senior Financial analyst Rs 500,000- Rs100,000 Financial/securities /investment analyst Rs 500,000 – Rs 100,000 Common Employers Trading houses, Corporate Finance Divisions, Banks, Insurance Companies Tips on Career planning In financial engineeringYou need to be clear in goals. The Master of Finance program and financial engineering are not same. There is heavy math, C++ use and Monte Carlo in financ ial engineering. This is not done in finance programs. Some of the applied math programs are now financial engineering programs. Putting it simply, Mathematical finance is theoretical, quantitative finance is program oriented and financial engineering seems to fit in between, Thus you could be fine for teaching with mathematical finance but not for trading firms and industry.In teaching too you may experience limitations. The program designers don’t readily see the difference. Best is to compare the courses. In India it is best to do it in best Business schools preferably IIMs. In my view IIM Kolkata has perhaps the best program. Indian School of Business offers some executive programs for those unable to get into the best financial engineering programs because of lack of adequate experience, or commerce background it may better to join IT company or consulting company and enter banking and capital markets domain.Alternately one can try brokerage and trading firms and may be you will make it to Wall Street to earn the big bucks. The path is hard and needs lot of dedication and hard work. Good luck. I would recommend financial engineering programs for engineers and anyone with strong math background. If you are a typical commerce graduate you might find it hard and it may be advisable to stay on the financial analysis side with proper certifications and a well designed specialization based on where you want to work, like the sell side or buy side and trading or investment banking.For anyone planning to continue as financial analysts and depend on ready software packages MBA finance and certified financial analyst should be adequate. Certified public accountant or Chartered accountancy with CFA may work but it’s not the best. For someone who likes to have full flexibility in developing IT for financial analysis and be well rounded with plans for a IT start up, a combination of MFE with CFA can do well. These are essential tips for a career as a fin ancial analyst or financial engineer Useful links ttp://gmatclub. com/forum/2009-best-financial-engineering-math-finance-ranking-86796. html http://www. global-derivatives. com/index. php/further-education-othermenu-36/55-quantitative-masters-programs-complete-list#Australasia links for CFA program in USA and India http://ace3levels. com/_mgxroot/page_10737. html http://www. cfainstitute. org/about/locations/asiapac/Pages/cfa_institute_in_india. aspx CIIA Switzerland:  http://www. cpmrindia. org/welcome_message. asp India:  http://www. cpmrindia. org/ciia. asp