Statistics and Risk Management Career Opportunities Video URL:
Statistics and Risk
Management
Career Opportunities
Video URL:
jukebox.esc13.net/untdeveloper/Videos/Career%20&%20Professional%20Op portunities.mov
Vocabulary List:
Job Shadowing: Observing someone on-the- job, in order to learn about the profession or job function.
Market Researcher: Analyzes market conditions, consumer needs, and potential customers as a target for a product or services (Bureau of Labor
Statistics, 2012).
Cash Manager: An individual responsible for analyzing and managing a company's cash assets.
Controller: An individual responsible for managing the accounting and financial budgeting in a company, organization, or government entity.
Financial Planner: An individual who advises clients in analyzing and managing their investments, assets, and personal financial portfolios.
Risk Manager: an individual with the responsibility of assessing, managing, and responding to financial risk in an organization.
CIO: Chief information officer; top level executive responsible for information systems and information technology in an organization or company.
Ethics: The moral code or philosophy of an individual, culture, group or organization.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition,
Market Research Analysts.
Available from http://www.bls.gov/ooh/business-and-financial/market-research-analysts.htm
Copyright © Texas Education Agency, 2012. All rights reserved.
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Resources:
Careers involving Probability and Statistics
This site offers a database of careers that involve heavy use of probability and statistics but are not commonly known profession. Each career example is accompanied by a link to more information about that occupation. http://www.ma.utexas.edu/users/mks/statund/careers.html
Field of Study: Actuarial Science
This article provides an in depth look at the risk management related career in actuarial science. It discusses the field in a broad overview then provides examples of the types of classes and training the field requires. http://www.iseek.org/education/fieldOfStudy?tab=5&id=160200
Careers involving Probability and Statistics
This site offers a database of careers that involve heavy use of probability and statistics but are not commonly known profession. Each career example is accompanied by a link to more information about that occupation. http://www.ma.utexas.edu/users/mks/statund/careers.html
Field of Study: Actuarial Science
This article provides an in depth look at the risk management related career in actuarial science. It discusses the field in a broad overview then provides examples of the types of classes and training the field requires. http://www.iseek.org/education/fieldOfStudy?tab=5&id=160200
Official Statistics and Statistical Ethics: Selected Issues
This paper by William Seltzer provides answers to three important questions related to statistical ethics and official statistics.
1. Do ethics have a role in official statistics?
2. What are the main ethical challenges that arise in official statistics?
3. How may one deal with the ethical problems that arise in official statistics? http://unstats.un.org/unsd/WS%20%202005%20ISI%20paper.pdf
Copyright © Texas Education Agency, 2012. All rights reserved.
2
Career Opportunities Practice Test
Name:_____________________
1.
An organized collection of information and materials developed to represent yourself, your preparation, and your accomplishments is a a.
Resume b.
Career portfolio c.
Job application
d.
Career plan
2.
One of the most important considerations when evaluating careers is: a.
Whether or not it is a non ‐ traditional opportunity b.
Amount and type of education and training required c.
Whether or not lots of people have that career
d.
Age requirement
3.
A ____________is a job obtained for the summer or any other time period that is limited.
A.
Part ‐ time job
B.
Work Study Program
C.
Temporary job
D.
Volunteering
MATCHING
A.
Production
B.
Procurement
C.
Finance
D.
Information Technology
E.
Marketing Analysis
4.__________A
person who works in product demand and product satisfaction
5.__________A
person who works in contract negotiations and Accounts Payable
6.__________A
person who works as a Treasurer, Controller, or Risk Manager
7.__________A
person who works as a Software Engineer or Security Engineer
TRUE/FALSE
8.__________Building
your work history includes being reliable and honest
9.__________Building
your academic history includes obtaining appropriate certifications
10.__________A
cover letter should be included with the resume when dropped off or mailed
Copyright © Texas Education Agency, 2012. All rights reserved.
3
Career Opportunities Practice Test
Name:_____________________
11.__________Listening
is very important in an interview
12.__________Spelling
is not important on your job application
13.__________You
should always follow up after an interview
14.__________Networking
is a good way to find a job
15.__________Using
a pen or pencil is equally acceptable when completing a job application
MATCHING
G.
Occupational Trend
H.
Outsourcing
I.
Telecommuting
J.
Job Sharing
K.
Declining Employment
L.
Trend Driver
16._________Replacing workers with cheap labor outside the company
17._________Working at home, connected to the job by technology
18._________Jobs in which the number of workers is decreasing
19._________Two employees who split a full-time job
MATCHING
H.
Qualifications
I.
Career
J.
Application
K.
Income
L.
Resume
M.
Job
N.
Ethics
20._________A form that must be filled out to get a job
21._________Money received for labor or services
22._________The job for which you have trained, your job over a long period of time
23._________A summary of your academic and work history
24._________Occupation
25._________Proper business policies and practices regarding potentially controversial issues
Copyright © Texas Education Agency, 2012. All rights reserved.
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Career Opportunities Practice Test KEY
1. B
2. B
3. C
4. E
5. B
6. C
7. D
8. TRUE
9. TRUE
10. TRUE
11. TRUE
12. FALSE
13. TRUE
14. TRUE
15. FALSE
16. B
17. C
18. E
19. D
20. C
21. D
22. B
23. E
24. F
25. G
Copyright © Texas Education Agency, 2012. All rights reserved.
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Student Assignment
16.1a Career Preparations
Name:_____________________
Locate at least three websites that can be used to find jobs opportunities.
List at least 10 jobs opportunities that could involve Statistics and Risk
Management skills (the posting does not have to say that, but you make a case that these skills could be needed).
Take one of these jobs and describe the details as described in the posting.
Copyright © Texas Education Agency, 2012. All rights reserved.
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Student Assignment
16.2a Career Preparations
Name:_____________________
Search for some major universities and find programs that support degrees (BA/BS, MA/MS, and EDD/PHD) that would be related to
Statistics and Risk Management.
Using their course catalog identify some actual courses that relate to what you have experienced in this class.
Create a PowerPoint presentation with these findings and be prepared to present them to your class.
Copyright © Texas Education Agency, 2012. All rights reserved.
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Student Assignment
16.3a Career Ethics
Name:_____________________
Research examples of governmental and company ethical violations.
Author a paper (1-2 pages-double spaced) that explains what you found, why you feel it is an important example, and what was the result of this lapse in ethical conduct (who paid the price).
Copyright © Texas Education Agency, 2012. All rights reserved.
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Student Assignment
16.4a Describing Data Misleadingly
Name:_____________________
Find example of published data and try to pick it apart.
Who is publishing the materials?
Is this the whole story?
Is there a hidden agenda?
Is the data misleading?
Ask yourself why is it being published?
Copyright © Texas Education Agency, 2012. All rights reserved.
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Explore Activity:
Interview – Find someone in your community who owns (or works in management) of a business and interview this person about different aspects of some of the business practices you have been studying in this course. Then prepare either a written report or an oral presentation from the interview.
In order to learn as much as you can during the interview, you will need to spend some time preparing in advance. First, you should narrow the focus of your interview.
Depending on the person you interview and your own interests, you may choose to focus on: (a) how the person uses statistics in decision-making; (b) financial matters;
(c) ethics; (d) career preparation; or (e) ??????? .
Once you have selected an area of questioning it is time to write some questions. Look over your course material for question ideas. If possible, find out a little bit about the business before your interview (perhaps there is a website). Try to write questions that are open-ended rather than questions that are answered with a simple yes-or-no.
When you go for the interview be sure to dress appropriately. Have your questions written on a notepad or notebook rather than a piece of paper you pull out of a pocket.
You will probably want to take notes as your questions are answered, but try to write just enough to help you remember rather than trying to write every word (if you consider recording the interview be sure to ask permission before you start). And don’t forget to listen! You may decide not to use some of your questions because the interview goes in a direction you hadn’t thought about but find interesting. Asking follow-up questions in response to answers you receive will let the person know you are really listening.
As soon as the interview is concluded you should do two things. First, you should find a quiet place to read through your notes adding to them while the interview is fresh on your mind. Second, write a thank you note to the person you interviewed! This person took time out of his or her day to help you.
Copyright © Texas Education Agency, 2012. All rights reserved.
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Explore Activity:
Book Report – Choose one of the books below (or another book with your teacher’s approval) and write a summary of how statistics are sometimes misunderstood and misused (intentionally or unintentionally). Depending on the amount of time available for this, your teacher may have you read just a chapter (or two) or the entire book.
Damned Lies and Statistics: Untangling Numbers from the Media,
Politicians, and Activists. Joel Best. University of California Press,
2001.
More Damned Lies and Statistics: How Numbers Confuse Public
Issues. Joel Best. University of California Press, 2004.
Innumeracy: Mathematical Illiteracy and its Consequences. John Allen
Paulos. Random House, 1988.
Beyond Numeracy: Ruminations of a Numbers Man. John Allen
Paulos. Random House, 1992.
A Mathematician Reads the Newspaper. John Allen Paulos. Anchor,
1997.
What are the Odds?: Chance in Everyday Life. Mike Orkin. W. H.
Freeman, 2000.
200% of Nothing: An Eye-Opening Tour through the Twists and Turns of Math Abuse and Innumeracy. A.K. Dewdney. John Wiley & Sons,
1993.
Copyright © Texas Education Agency, 2012. All rights reserved.
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