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Showing posts with the label Career

AYTP 2014 Test

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A company into the production of record type in korea. Their current sales is at about 69% with a poor relation with the community. The company's employees are non-local because of the community lack of skilled workers. This has increased the cost of living in that community because of the high salary being paid to the foreign workers thereby increasing the product's price. The chairman has been given three schemes which are as follows: 1) the company's plan to build an health centre that will cost £300000 so as to serve the community.                2) the company is to pay for an orchestra who are to do some concert in france that will cost £200000.                   3) the company is to pay for an advertisement that will last for 2yrs on a TV where the champion club plays. This will cost £250000.               The tax implication for the three schemes are: 1) no tax save;  2) the tax to pay £50000,  3) the tax save is £100000.    Also the three schemes wi

DA Notes - Happiness

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Some time in 2014, I had closed work for the day and I was deeply frustrated and unhappy. I'm not sure till this day I know exactly why. As part of my daily social media routine, I got on Youtube and stumbled on a video of some ghetto kids happily dancing to Eddy Kenzo's Sitya Loss . I did not understand a word of what Eddy Kenzo was saying ( click to see the meaning of his lyrics ) but the beat and great vocals coupled with these kids bubbling with energy and having a great time got me in my feelings. I realized that these kids did not have a tenth of what I had but they were happy. Now this story isn't about saying I would have traded all I had to be happy. No that's not the point. I'm trying to explain that somehow I felt I should be happier because I seemed to have more means. Within a few minutes of watching, I broke down into tears. I had to find happiness. It was not in the degrees, it wasn't in owning a business or having money. Happiness was

Your Lifetime Earnings

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Changing phases of life Have you ever sat and wondered. Maybe on a monday morning feeling lethargic and then proceed to ask yourself why you have to get up and go to work? Asides the therapeutic effects of working (yes there are), it helps to know how much you are really working for. I have done an analysis of a basic scenario of a  moderate career track  spanning 35 years as allowed by the Nigerian Labor Laws. All figures are in Nigerian Naira and the tax laws applied are those prevailing at the time of writing this article.  I  assume a scenario where a graduate finished school at about 23 years after the hurdles of JAMB and University strikes. I have also tried to calculate the present value of future earnings. To all non finance readers, this is simply determining how much N1 in the future is worth today.  Please note that this is not an authoritative salary guide.  Take a look at the table below. Year Age  Gross Pay  Tax Pension Net After Tax Pre

Apaflo Profits Multiplication Table

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Almost every week, i'm inundated with people calling me to say David what can I do to make money? Especially with Nigeria going through a recession/depression. I always start by asking the following questions: What are you currently doing? I'd like to know what you have started doing or what you plan to do. Action action action. Preferably I like people who have started doing something at least. Can what I am doing scale? Scale is simply about serving more people with little or no increase in costs. On the average almost every business can scale but there are usually limits. I'd do a subsequent post discussing scaling in detail. How much of scale do I want? I'd rather rephrase this as how much of profits do I want? The Apaflo Profits Multiplication Table (APMT) basically shows how profits multiplied by customers gives you money in the bank! Sell an item with a profit of $1 to 10 people, you make $10. Sell an item of $100 to 1,000 people you have $100,000

Before you get a mentor

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So this post is actually supposed to be one line: Before you get a mentor, do your homework! Too many times I have seen people who rush at mentorship without doing the necessary work that they need to do on their own. This is what I call the homework. Homework back in my early schooling days was an assignment that the teacher expected her students to work on outside the classroom. So I would be using this teacher/student relationship to explain somethings. It is important to note that for this article, I am not referring to the teacher as the mentor. Now when you receive home work, the following things are necessary: 1. Properly document the homework: Just like you have to copy out the assignment from the board or listen attentively to figure out which pages to read, in life we need to properly document and define the problem. 2. Figure out what you already know from previous lessons: In the same way a teacher builds the next lesson on previous lessons, the

Mckinsey & Company Pre-interview evaluation questionnaire

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In a bid to get into the world's number one consulting firm Mckinsey and Company, you typically start by completing an evaluation form which is analyzed and this determines whether you are called for a test. A while back I completed the evaluation form and the following were my answers. These answers were deemed good enough for me to be short-listed for a PST (Problem Solving Test). Describe an important and out of the ordinary achievement in your life I'm proud of the fact that I graduated on time with a first class degree while I got involved in student politics, volunteer activities, while also working part-time for two years in school. A lot of my classmates  weren't  involved in other activities asides school work or let their grades suffer. I believe the reason I got through it all was sheer determination and discipline; I never even let myself visualize anything but finishing on time and with good grades. So I firmly believe in the importance of a positiv

Using the STAR Framework for Interview Questions

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I first came to the knowledge of the STAR framework when I was preparing for my case interview with Mckinsey & Company . Read here , here and here to catch up. The framework was introduced to me by Seun Oyegunle who at that time was an MBA student at Wharton Business School. A framework simply means an organized way of tackling a problem. You can call it a formula. STAR simply means S - Situation : Give a brief description of the situation you found yourself in. T - Task : State the task you needed to carry out and the challenges you considered A - Action : Describe the specific actions you took to complete the task R - Result : State the result achieved with numbers to quantify the result. This framework is best used for competency-based questions you might be asked in an interview. Usually with these questions, you have to tell a story about your achievement(s). The trick is to weave the STAR framework into your responses without pausing or letting the intervi

Mentor Monday - Episode 3 : You Only Live Once

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The acronym YOLO was popular a few years ago by US rapper/singer Drake. With the popularity of his song, people suddenly realized that you only get one shot at life. For me, this wasn't so strange because growing up, my Mother always had this funny quote: When you were younger and you always dreamt of things you would do when you are older, this is it. This is the time you had been dreaming of. Make use of it. A lot of times we have several dreams which we defer to the future not realising the time is now as some of these dreams have already been procrastinated to present day. I need you all to take a deep breath, remember those things which you always said you would do and JUST DO IT because you only live once!

CFA @ 23!!! Interview with CFA Wizkid - Folashade Odejayi

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This is the part where I get to famz. I and Shade (Flash as she is popularly called) were in the same graduating set in Unilag and we also worked together at Vetiva for a while. We also took our first CFA exams at the same time but while I went on to fail, she has gone on blazing the trail and now gives us clues to lead us in our quest for the revered CFA designation.  In August 2015, she passed the final level of the CFA exams and in this interview, she tells us how she was able to do it at 23 and also shares some useful insights - DA.  Tell us about yourself (Education & Work background) – Thank you David. I studied Finance in the University of Lagos…finished with a good degree too. Since then, I have worked as a research intern at Vetiva Capital Management. I did this for 3 months after which I had to serve at a private school in Festac, Lagos. Once I was done with this, I decided to further my education and just generally build on my knowledge base, so I enrolled i