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What Types of Jobs Would Use Probabilities?

The world of finance is essentially a world of uncertainty. Therefore, a wide variety of financial professionals, such as portfolio analysts, traders and financial strategists rely on probabilistic models. Economists and economic policymakers use probability models to be prepared for various scenarios. Since businesses operate within this uncertain economic landscape, top managers, business consultants and analysts within corporations rely on probabilities. Customer Relationship Management or CRM analysts, in particular, use probability models intensively. Chief Financial Officers and loan officers rely on probability analysis to estimate payments, defaults and the resulting financial condition of the company in the future.

Technical Jobs

More technical occupations, such as engineering, also require probability analysis. Engineers must calculate the probability of such things as a heavy gust of wind or a car's front suspension hitting a pothole on an average day. Computer programmers sharpen their products by using statistics. Biologists and medical experts use probabilities to better understand sophisticated mechanisms within the human body and to develop drugs. Physicists deal with uncertainty as they delve into the realm of sub-atomic particles and model these interactions by using probability models. Mathematicians an statisticians learn, perfect and teach probability theorems, as probability is part of both of these academic fields.



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How do I Get a Job in the Canadian Senate?

A job as a Canadian senator is a good one--if you can get it. The salary for a member of the upper chamber in the Canadian Parliament is more than CA$130,000 per year. Senators are eligible for retirement at age 55 and receive 75 percent of their salary as a pension. Other perks of being a senator i ...

English Teacher Job Description

Nearly everyone has had an English teacher who sticks out in their mind, She may have been passionate about Shakespeare or dogmatic about grammar. Whether the typical teacher fits this bill or not, today's English teachers split their days between reading, writing, preparing and teaching.Teaching Co ...

Get a Job at Epcot

Epcot is one of the four theme parks at Walt Disney World. At twice the size of the Magic Kingdom theme park, it splits into two: Future World and World Showcase. Future World hosts attractions such as Spaceship Earth, Mission: Space and Test Track. World Showcase, on the other hand, features 11 cou ...

HVAC Job Safety

Working with heating, ventilation and air conditioning (HVAC) equipment can be dangerous because of chemicals, electrical operations and combustion. HVAC job safety encompasses a wide range of tasks, activities and procedures. The main areas for safety awareness and safe work habits include using pr ...

What Jobs Can I Get With an Associate's Degree in History?

The motivation behind getting an associate's degree in liberal arts (with a focus on history) is to be one step ahead of those with high school diplomas and to have a balanced education. While many choose to continue studies to get a bachelor's degree, there are careers you can go into with your ass ...

News Editor Job Description

News editors oversee the content that makes up a publication. They work for newspapers, magazines and websites, and handle a wide array of duties. That includes assigning stories to reporters and photographers, editing content, and writing headlines and photo captions. Most news editors work with ma ...

Showroom Manager Job Description

In addition to promoting sales and training staff, a showroom manager is responsible for the showroom's appearance. You'll find large and expensive items there, from cars to furniture to appliances. The showroom manager is responsible for everything that makes the showroom inviting to customers, fro ...

How do I Estimate Painting Jobs?

Estimating paint jobs is a delicate balancing act. On one hand, you don't want to undercut your materials and labor cost, but at the same time, you want to undercut your competition. Giving clients a fair estimate is one of the most important aspects of gaining a solid reputation, return clients and ...

Get a Supermarket Management Job

Grocery stores and supermarkets will always be a necessity. A career in the supermarket management field can bring you steady income and job opportunities. Many managers started out in this field as teenagers, working at a grocery store after school and on weekends. Get a supermarket management job ...

What Are Public Service Jobs?

Public service professionals can build successful careers making significant and influential political decisions, helping to preserve endangered species or managing public transportation agencies. If you are interested in working as a public service professional, it helps to understand the obligatio ...

Career Objectives in Law

According to the Bureau of Labor Statistics, more than 25 percent of lawyers are self-employed, working either as partners in law firms or as solo practitioners. However, there are many different types of careers that lawyers can pursue, and more often than not, the lawyer image portrayed in the mov ...

Job Description for SAP Security

SAP security administrators are responsible for the development and administration of user access rights on computer systems running SAP software. The position may require advanced SAP software knowledge and a full understanding of security roles as they relate to SAP user profiles.Function SAP sec ...

find a job in Israel in English

With the US economy doing poorly, many English speakers living in Israel are having a hard time finding work. Here are steps to maximize your chances of success, especially for those who speak little or no Hebrew. Determine Your skill set. Sales, computer programming, technical or marketing writing ...

What Are Some Good Part Time Jobs?

If you need to make a little extra money and already have a full-time job, several different part-time job options are available that can provide you with some needed cash flow. Good part-time jobs are typically those that are flexible and allow you to make an amount of money above minimum-wage jobs ...

E-mail a Letter of Interest for a Job

A letter of interest is an unsolicited letter to a prospective employer conveying your desire to work with them at their company. Your letter should be concise, well written and maintain a professional tone. It should illustrate your current job and the skills you use daily to complete it. Explain y ...