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Salary.com lists the national average income for photographers as $57,422, though actual salaries vary considerably. The job outlook seems solid, but competition could run high since it is easy for amateur photographers to learn by watching videos and experimenting with fairly inexpensive digital cameras. Trained photographers can work in many positions and gigs, such as at portrait studios, in advertising, shooting weddings or other events, taking fashion photos, etc. But employers are often more interested in one’s portfolio of work and demonstrable skills than in whether or not an applicant has a degree in photography. Rising expectations mean many graduates are holding out for jobs that match their qualifications, Ghosh told Al Jazeera. In February, the Business Standard newspaper published a report that it said was based on leaked government figures showing that unemployment had hit a 45-year high of 6.1 percent.

Studio Arts and Fine Arts

The most common history degree is a bachelor of arts, but students can also apply for a bachelor of science. One of the main reasons graduates and people with postgraduate degrees find it hard to land jobs is the large size of the so-called informal economy, analysts say. Desperate to get ahead, some of these young people are paying for two or three degrees in the hopes of finally securing a job.

Unemployment is a ticking time bomb because close to a third of the nation’s youth aren’t working, studying or under training, according to the World Bank. Last year, angry young people facing bleak job prospects blocked rail traffic and highways, even setting some trains on fire. One of Bhopal’s educational institutions came under a particularly sharp spotlight in recent years because it was involved in a case that went all the way up to the Supreme Court. In 2019, the Supreme Court barred the Bhopal-based RKDF Medical College Hospital and Research Centre from admitting new students for two years for allegedly using fake patients to meet medical college requirements. The college initially argued in court that the patients were genuine, but later submitted an apology after an investigative panel found that the purported patients weren’t really sick. “Many of my friends are also sitting idle without a job,” said Mandal.

Which is the most useless college degree in India?

The tricky thing with earning a History degree is that there are not a ton of career fields that directly apply to this major. But if neither of these is what you’re after, you may want most useless degree in india to reconsider this major. Yes, there are jobs that a history major may help qualify you for—but typically these jobs are also open to grads from other liberal arts majors, as well. Some undergraduate psychology majors go on to become substance abuse counselors, career counselors, child care workers, market researchers, and psychiatric technicians. Since there are so many jobs one can do with this degree, it’s hard to pin down an average salary—but ZipRecruiter cites $54,920 per year as a salary for workers with a Bachelor’s in Psychology.

1. Graduates hoping to make it in travel find that their degree alone provides little job security or financial stability.
2. This degree’s versatility can limit its value in securing targeted, high-demand roles after graduation.
3. Mumbai, India – Down a dimly-lit backstreet known locally as Study Lane in central Mumbai, India‘s financial capital, Rohit Singh can frequently be found poring over his textbooks.
4. Graduates often lack the hands-on knowledge critical to running a business, while seasoned entrepreneurs succeed without formal study.
5. The findings are based on surveys of 160,000 households across the country.

Worthless Degrees Are Creating an Unemployable Generation in India (bloomberg.com)

An experienced graduate degree holder earns 9% more than a college graduate, and the unemployment rate is 22% lower. An experienced graduate degree holder earns 14% more than a college graduate, and the unemployment rate is 18% lower. An experienced graduate degree holder earns 13% more than a college graduate, and the unemployment rate is 21% lower. An experienced graduate degree holder earns 19% more than a college graduate, and the unemployment rate is 16% lower.

Another large chunk of the degree requirements consists of electives, which also may or may not be photography-related. Today, there are ~4,000 colleges and universities in the United States, offering a diverse range of certificates and degree types in virtually every subject imaginable. But with the cost of attendance at an all-time high, savvy students are taking a hard look at what they’re getting in exchange for the money.

Even though he didn’t find his last degree useful, he wants to avoid the disgrace of being unemployed and sitting idle. So, he’s signed up for a master’s degree at another private institution because he believes more degrees can at least enhance his social status. Many businesses say they struggle to hire because of the mixed quality of education. That’s kept unemployment stubbornly high at more than 7% even though India is the world’s fastest growing major economy.

“My father has always told me one thing – whatever you do, do it well and you will be fine,” he said. Mumbai, India – Down a dimly-lit backstreet known locally as Study Lane in central Mumbai, India‘s financial capital, Rohit Singh can frequently be found poring over his textbooks. He is trying to get into an expensive Masters in Business Administration (MBA) programme.

“Most private-sector employers don’t have a demand for candidates with specialized anthropology knowledge,” she said. If you want to get a job as an anthropologist, you’ll likely need to go to graduate school. Here are 12 majors that are unlikely to get you a good return on your investment. However, for some industries the benefits of going to graduate school are comparatively low and don’t justify the extra investment. Despite the odds apparently being stacked against him, Singh remains optimistic that an MBA and good old-fashioned hard work are his tickets out of the backstreets of Mumbai.

One Bhopal resident, 25-year-old Tanmay Mandal, paid $4,000 for his bachelor’s degree in civil engineering. He was convinced the degree was a pathway to a good job and a better lifestyle. He wasn’t deterred by the fees that were high for his family, which has a monthly income of only $420. Despite the cost, Mr Mandal says he ended up learning almost nothing about construction from teachers who appeared to have insufficient training themselves.

Products based on other market indexes include the Nasdaq-100 Volatility Index (VXN); the CBOE DJIA Volatility Index (VXD); and the CBOE Russell 2000 Volatility Index (RVX). The VIX has paved the way for using volatility as a tradable asset, albeit through derivative products. CBOE launched the first VIX-based exchange-traded futures contract in March 2004, followed by the launch of VIX options in February 2006. During its origin in 1993, VIX was calculated as a weighted measure of the implied volatility of eight S&P 100 at-the-money put and call options, when the derivatives market had limited activity and was in its growing stages. All such qualifying options should have valid nonzero bid and ask prices that represent the market perception of which options’ strike prices will be hit by the underlying stocks during the remaining time to expiry.

CBOE Volatility Index (VIX): What Does It Measure in Investing?

The VIX index uses the bid/ask prices of options trading for the S&P 500 index in order to gauge investor sentiment for the larger financial market. The VIX, formally known what’s your stop loss strategy as the Chicago Board Options Exchange (CBOE) Volatility Index, measures how much volatility professional investors think the S&P 500 index will experience over the next 30 days. Market professionals refer to this as “implied volatility”—implied because the VIX tracks the options market, where traders make bets about the future performance of different securities and market indices, such as the S&P 500. The CBOE Volatility Index (VIX) quantifies market expectations of volatility, providing investors and traders with insight into market sentiment. It helps market participants gauge potential risks and make informed trading decisions, such as whether to hedge or make directional trades.

Conversely, a lower VIX suggests a calmer market outlook with less anticipated price fluctuation. The formula used by Cboe to calculate the price of VIX is rather complex, and the price of VIX is updated live during trading hours every 15 seconds. To spare you the math headache involved with calculating the price, let’s look instead at the data used to calculate it. The VIX index is specifically measuring expected volatility for How to avoid overconfidence bias another index, the S&P 500.

1. Only SPX options are considered whose expiry period lies within more than 23 days and less than 37 days.
2. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.
3. When the VIX declines, investors are betting there will be smaller price moves up or down in the S&P 500, which implies calmer markets and less uncertainty.
4. If you’ve been following financial news, you may have heard the word “volatility” being thrown around a lot — and you may have heard a reference to a volatility measurement called the VIX.
5. ETNs in particular can be less liquid and more difficult to trade as well as may carry higher fees.
6. Volatility has tanked since the election, with the VIX Index closing at 14.02 yesterday.

HomeVIX Volatility Products

That’s why most everyday investors are best served by regularly investing in diversified, low-cost index funds and letting dollar-cost averaging smooth out any pricing swings over the long term. The VIX index tracks the tendency of the S&P 500 to move away from and then revert to the mean. When the stock markets appear relatively calm but the VIX index spikes higher, professionals are betting that prices on the S&P 500—and thereby the stock market as a whole—may be moving higher or lower in the near term. When the VIX moves lower, investors may view this as a sign the index is reverting to the mean, with the period of greater volatility soon to end.

However, the VIX can be traded through futures contracts, exchange-traded funds (ETFs), and exchange-traded notes (ETNs) that own these futures contracts. The second method, which the VIX uses, involves inferring its value as implied by options prices. Options are derivative instruments whose price depends upon the probability of a particular stock’s current price moving enough to reach a particular level (called the strike price or exercise price). This is to be expected since the average includes data from the previous, lower priced days.

Key data points

One of the most popular and accessible of european pause on astrazeneca vaccine sends stock lower these is the ProShares VIX Short-Term Futures ETF (VIXY), which is based on VIX futures contracts with a 30-day maturity. Some exchange-traded securities let you speculate on implied volatility up to six months in the future, such as the iPath S&P 500 VIX Mid-Term Futures ETN (VXZ), which invests in VIX futures with four- to seven-month maturities. Such VIX-linked instruments allow pure volatility exposure and have created a new asset class. Expressing a long or short sentiment may involve buying or selling VIX futures. Alternatively, VIX options may provide similar means to position a portfolio for potential increases or decreases in anticipated volatility.

How Can I Use the VIX Level to Hedge Downside Risk?

It’s simply a statistical measure of price changes for a security or an index. Greater volatility means that an index or security is seeing bigger price changes—higher or lower—over shorter periods of time. As a rule of thumb, VIX values greater than 30 are generally linked to large volatility resulting from increased uncertainty, risk, and investors’ fear. VIX values below 20 generally correspond to stable, stress-free periods in the markets.

As the range of strike prices for puts and calls on the S&P 500 increases, it indicates that the investors placing the options trades are predicting some price movement up or down. Typically, the performance of the VIX index and the S&P 500 are inversely related to each other. In other words, when the price of VIX is going up, the price of the S&P 500 is usually heading south. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Theoretically, in a first in, first out system, you’d sell the oldest items in your inventory first. With the FIFO method, you sell those older products first—ensuring that all items in your inventory are as recent as possible. Yes, FIFO can be used for both perishable and non-perishable inventory. Still, it also applies to  non-perishable items, ensuring 10 big mistakes forex day traders make efficient inventory turnover and accurate cost calculations. Companies must adhere to accounting standards such as Generally accepted accounting principles (GAAP) or International financial reporting standards (IFRS).

Since the cost of labor and materials is always changing, FIFO is an effective method for ensuring current inventory reflects market value. Older products are assumed to have been purchased at a lower cost, so when they’re sold first the remaining inventory is closer to the current market price. To illustrate the impact of First In First Out , consider a company that implemented this method and saw a 15% improvement in inventory accuracy.

What is an example of FIFO in real life?

Following best practices for both aspects is essential to manage your inventory well. These best practices will help get a good business cost analysis and enhance customer satisfaction. Whether you are in the business of producing medicines, selling soda, manufacturing a computer, or running a restaurant, FIFO is working behind the scenes. Across industries, companies arrange for their oldest inventory to be sold first. FIFO will better approximate the ending inventory balance on the balance sheet when prices increase. However, it will generate a higher net income as inventory that may be several years old is used to value the cost of merchandise sold.

Average Cost Method of Inventory Valuation

1. It’s important to integrate FIFO with the company’s overall financial strategy, particularly in regard to tax implications and profit reporting.
2. FIFO is simpler to implement and manage, making it a practical choice for companies with large volumes of inventory.
3. FIFO can be a better indicator of the value for ending inventory because the older items have been used up while the most recently acquired items reflect current market prices.
4. In the FIFO methodology, the lower-value inventory is sold first; hence, the ending stock tends to be worth a higher value.
5. Implementing FIFO requires a careful balance with other business operations and objectives.

It requires careful planning, a well-organized inventory system, and consistent adherence to its principles. While FIFO is highly beneficial in many scenarios, it is important to evaluate its applicability based on your specific business context and needs. Lastly, the product needs to have been sold to be used in the equation.

Signs It’s Time to Automate Your Spare Parts Warehouse

Prior to using First In First Out , this company experienced challenges with product spoilage and had difficulty tracking stock levels accurately. By switching to First In First Out , they could streamline their inventory process, reduce waste, and improve their bottom line. This improvement not only reflects in their financial statements but also in customer satisfaction, as they are more likely to receive fresh and relevant products. When a company selects its inventory method, there are downstream repercussions that impact its net income, balance sheet, and its requirements for tracking inventory.

The application of the First In, First Out (FIFO) method extends beyond inventory management, significantly impacting financial reporting. Understanding how First In First Out influences financial statements, profit, and tax reporting is crucial for businesses and investors alike. FIFO enhances the financial reporting accuracy by reflecting the current market prices of    goods sold. The COGS aligns with the cost of the older inventory items and better represents profitability.

What is FIFO? Understanding First In, First Out Method

It’s also the most accurate method of aligning the expected cost flow with the actual flow of goods. It reduces the impact of inflation, assuming that the cost of purchasing newer inventory will be higher than the purchasing cost of older inventory. The company sells an additional 50 items with this remaining inventory of 140 units. The cost of goods sold for 40 of the items is $10 and the entire first order of 100 units has been fully sold. The other 10 units that are sold have a cost of $15 each and the remaining 90 units in inventory are valued at $15 each or the most recent price paid.

Schedule routine audits to reconcile physical inventory counts with recorded quantities in your system. Identify and address any inconsistencies promptly to prevent inventory inaccuracies from impacting your financial reporting. Even in the digital realm, FIFO plays a vital role, especially in e-commerce and fulfillment centers. When 3 dividend stocks that pay you more than pepsico does fulfilling customer orders, these businesses prioritize shipping products based on inventory arrival dates.

The health of your inventory management depends on knowing what items you have, what you sell, and what it’s all worth. You must consider the inventory price fluctuations, if any, during the period for which COGS is calculated. Here’s a summary of the purchases and sales from the first example, how to run curl command in postman code example which we will use to calculate the ending inventory value using the FIFO periodic system. FIFO should be reviewed regularly, ideally during routine inventory audits, to ensure accuracy and compliance with accounting standards. Adjustments may be necessary based on changes in market conditions or inventory turnover rates. Not using FIFO may lead to inaccuracies in profit reporting, inefficient inventory management, and compliance issues, especially in regulated industries.

This includes food production companies as well as companies like clothing retailers or technology product retailers whose inventory value depends upon trends. FIFO is the best method to use for accounting for your inventory because it is easy to use and will help your profits look the best if you’re looking to impress investors or potential buyers. It’s also the most widely used method, making the calculations easy to perform with support from automated solutions such as accounting software.