Thursday, April 9, 2015

There Are Some Very Nice Mortgage Banking Careers California Can Offer You

By Aimee Schwartz


Having a master's degree in business administration or a MBA opens many doors for career choices. These cover anything from finances, human resources, marketing as well as accounting. The sort of mortgage banking careers California provides, will also require a MBA and these can be taken full time, part time as well as over the internet.

The first school of business was founded in 1900 in the United States of America at a college named Tuck School of Business. It offered a higher degree in business as well as a Master of Science in Business. In 1908 the Harvard Graduate School of Business Administration opened its first MBA program and there were only thirty three regular students at the time with forty seven other students. They had only fifteen teachers at the time and the first curriculum was from Frederick W. Taylor's scientific managing.

The credit determines how well the borrower has managed any debt and is usually done by a credit score. The main purpose is to see if there is any risk on the lenders behalf and it will also help to determine what interest rate will be set as well as the credit limit. This form of scoring is not only done by banks and credit companies but by landlords, insurance companies and mobile phone companies to name only three.

Many of these programs take place over no less than eighteen months and generally begin in late August. There is normally a four month summer break in between and many students have some prior work experience. These classes normally require at least six hundred hours of graduate work or sixty credits.

An income analysis is also done on the borrower and this is to determine if the income is stable as well as to ascertain what their current assets and debt is. Those that are paid hourly wages tend to be in the lowest risk bracket and those that are self employed are the highest. For those that are self employed they are generally asked to produce proof of income for the last two years.

The average annual salary is about fifty one thousand dollars but this could differ depending on the different job titles. A mortgage loan underwriter will average about fifty three thousand dollars a year whereas a loan officer will only clear about forty thousand per annum. A mortgage originator about thirty eight thousand and a loan processor or a senior loan processor can clear anything from thirty five thousand to forty two thousand a year. If one decides to become a banking or finance analyst the salary could be about forty six thousand per annum.

A High End Management Consultant helps companies concentrate on staying competitive and solving management problems internally. They will also help to put a business on-line as well as giving guidance to top executives. It is a proven fact that there is a twenty four percent growth in this division and the average salary can vary from one hundred and fourteen to one hundred and twenty seven thousand dollars a year.

Another is an Investment Banker and they help organisations and companies raise money in equity and debt. They are able to give sensible advice when it comes to acquisitions and mergers as well as other financial dealings. Their MBA will need to have had some finance route as many employers look out for this qualification and having the so- called "right paperwork" can make a huge difference.




About the Author:



No comments: