Personal Finance

1. PersonalFinance James B. Wilcox RESOURCES PROVIDED BY: THE UNIVERSITY OF SOUTHERN MISSISSIPPI CENTER FOR ECONOMIC AND ENTREPRENEURSHIP EDUCATION, MISSISSIPPI STATE UNIVERSITY, VIRTUAL ECONOMICS, NATIONAL COUNCIL ON ECONOMIC EDUCATION, THE MOODY’S FOUNDATION

2. Who Earns More Money?

3. Who Earns More? Round 1 • Bartender (Nevada) • Taxi Driver (New York)

4. Bartender or Taxi Driver? • Bartender • Taxi Driver

5. Who Earns More? • Bartender (Nevada) $20,430 • Taxi Driver (New York) $26,800

6. Job Duties Bartender: Mixes and serves alcoholic and nonalcoholic drinks to patrons of bar, following standard recipes: Mixes ingredients, such as liquor, soda, water, sugar, and bitters, to prepare cocktails and other drinks. Serves wine and draught or bottled beer. Collects money for drinks served. Orders or requisitions liquors and supplies. Arranges bottles and glasses to make attractive display. May slice and pit fruit for garnishing drinks. May prepare appetizers, such as pickles, cheese, and cold meats. May tend service bar and be designated Service Bartender. Taxi Driver: Drives taxicab to transport passengers for fee: Picks up passengers in response to radio or telephone relayed request for service. Collects fee recorded on taximeter based on mileage or time factor and records transaction on log. Reports by radio or telephone to TAXICAB STARTER on completion of trip. May drive limousine or custom-built sedan to pick up and discharge airport passengers arriving or leaving on scheduled flights and be Designated Chauffeur, Airport Limousine.

7. Job Requirements Bartender -Bartending school -32 hours of training -Many states require bartenders to be certified in Serve Safe Alcohol program. -May require other certification. Taxi Driver -Regular automobile driver’s license -May need a taxi driver license, aka “hack” license -May require 80 hours of classroom instruction

8. Who Earns More? Round 2 • Miner (West Virginia) • Taxi Driver (New York) $26,800

9. Miner or Taxi Driver? • Miner • Taxi Driver

10. Who Earns More? • Miner (West Virginia) $30,680 • Taxi Driver (New York) $26,800

11. Miner Job Duties Mines ore, coal, or rock in underground mine, performing any combination of following tasks in areas where high production equipment is limited by economic factors or natural formations: Cuts channel under working face to facilitate blasting, using pick, or by operating cutting machine. Operates mounted or unmounted power drill to bore blasting holes in working face. Charges and shoots (sets off) explosives or air charges to blast down materials. Shovels shattered materials into mine cars or onto conveyor. Installs timbering, roof bolts, or cribs, to support walls and roof. Lays track to accommodate mine cars or track-mounted equipment. May mine rock in coal mine at contract price per ton or footage of advance and be designated Rock Contractor (mine & quarry). May mine ore, coal, or rock, using pick and shovel, and be designated Miner, Pick (mine & quarry). When digging passageways between rooms, may be designated Entry Miner (mine & quarry). May do development work, such as opening up new passageways, air vents, auxiliary tunnels, rooms, and shafts to facilitate mining, and be designated Drift Miner (mine & quarry); Raise Miner (mine & quarry); Shaft Sinker (mine & quarry); Stope Miner (mine & quarry); Tunnel Miner (mine & quarry).

12. Who Earns More? Round 3 • Miner (West Virginia) $30,680 • Police Officer (New Mexico)

13. Miner or Police Officer? • Miner • Police Officer

14. Who Earns More? • Miner (West Virginia) $30,680 • Police Officer (New Mexico) $36,120

15. Police Officer Duties Patrols assigned beat on foot, on motorcycle, in patrol car, or on horseback to control traffic, prevent crime or disturbance of peace, and arrest violators: Familiarizes self with beat and with persons living in area. Notes suspicious persons and establishments and reports to superior officer. Reports hazards. Disperses unruly crowds at public gatherings. Renders first aid at accidents, and investigates causes and results of accident. Directs and reroutes traffic around fire or other disruption. Inspects public establishments requiring licenses to ensure compliance with rules and regulations. Warns or arrests persons violating animal ordinances. Issues tickets to traffic violators. Registers at police call boxes at specified interval or time. Writes and files daily activity report with superior officer. May drive patrol wagon or police ambulance. May notify public works department of location of abandoned vehicles to tow away. May accompany parking meter personnel to protect money collected. May be designated according to assigned duty as Airport Safety And Security Officer; Dance-Hall Inspector Traffic Police Officer; or according to equipment used as Ambulance Driver; Motorcycle Police Officer; Mounted Police Officer. May be designated: Emergency-Detail Driver; Patrol Driver; Pool-Hall Inspector; Radio Police Officer; Show Inspector.

16. Police Officer Job Requirements Must be able to pass a pre-employment physical and drug screen. Must be a US Citizen. Must have a valid New Mexico driver’s license or be able to obtain one. Must be able to pass a pre-employment physical and drug screen.Education: High School Diploma or G.E.D.  equivalent. Experience:Prior Law Enforcement preferred (Up to one or more years of experience). Knowledge:Requires work level knowledge, skills, and abilities related to a broad range of either complex or  technical functions or apprentice level knowledge of a single function area or work specialization. Certificates/Licenses:Must complete the State Accredited Basic Academy within first year. Recertification:Will certify under Certified Officer when recertification requirements are needed. Use of Tools/Equipment:Vehicle, baton, chemical sprays, handgun, shotgun, radar, computers, radio, handcuffs, breathalyzer, first aid equipment, telephone, tasers and AED machines.

17. Who Earns More? Round 4 • Truck Driver – OTR (Indiana) • Police Officer (New Mexico) $36,120

18. Truck Driver or Police Officer? • Truck Driver • Police Officer

19. Who Earns More? • Truck Driver – OTR (Indiana) $36,940 • Police Officer (New Mexico) $36,120

20. Truck Driver Job Duties Drives truck with capacity of more than 3 tons, to transport materials to and from specified destinations: Drives truck to destination, applying knowledge of commercial driving regulations and area roads. Prepares receipts for load picked up. Collects payment for goods delivered and for delivery charges. May maintain truck log, according to state and federal regulations. May maintain telephone or radio contact with supervisor to receive delivery instructions. May load and unload truck. May inspect truck equipment and supplies, such as tires, lights, brakes, gas, oil, and water. May perform emergency roadside repairs, such as changing tires, installing light bulbs, tire chains, and spark plugs. May position blocks and tie rope around items to secure cargo during transit.

21. Truck Driver Job Requirements -Commercial Driver’s license (CDL) (Federal Law) -U.S. DOT regulations: 21 years old, pass physical once a year, at least 20/40 eyesight (with glasses), good hearing, cannot be colorblind, have epilepsy, have diabetes, or high blood pressure, cannot take controlled substances, no felony charges, DUIs, and speak and read English well enough to read road signs

22. Who Earns More? Round 5 • Truck Driver (Indiana) $36,940 • Electrical Repairer (Kansas)

23. Truck Driver or Electrical Repairer? • Truck Driver • Electrical Repairer

24. Electrical Repairer Job Duties Installs and repairs electrical systems, apparatus, and electrical and electronic components of industrial machinery and equipment, following electrical code, manuals, schematic diagrams, blueprints, and other specifications, using handtools, power tools, and electrical and electronic test equipment: Installs power supply wiring and conduit for newly installed machines and equipment, such as robots, conveyors, and programmable controllers, following electrical code and blueprints, using handtools and voltage tester. Connects power supply wires to machines and equipment, and connects cables and wires between machines and equipment, following manuals, schematic diagrams, and blueprints, using handtools and test equipment. Diagnoses malfunctioning apparatus, such as transformers, motors, and lighting fixtures, using test equipment, and replaces damaged or broken wires and cables, using handtools. Tests malfunctioning machinery, using test equipment, and discusses malfunction with other maintenance workers,

25. Electrical Repairer Job Requirements -Knowledge of electrical equipment necessary. -May require degree from vocational technical school (1 to 2 years of training). -Good eyesight, color perception. -May need to be certified.

26. Who Earns More? • Truck Driver (Indiana) $36,940 • Electrical Repairer (Kansas) $57,930

27. Who Earns More? Round 6 • Funeral Director (Florida) • Electrical Repairer (Kansas) $57,930

28. Funeral Director or Electrical Repairer? • Funeral Director • Electrical Repairer

29. Who Earns More? • Funeral Director (Florida) $48,440 • Electrical Repairer (Kansas) $57,930

30. Funeral Home Job Duties Undertaker. Arranges and directs funeral services: Coordinates activities of workers to remove body to mortuary for embalming. Interviews family or other authorized person to arrange details, such as preparation of obituary notice, selection of urn or casket, determination of location and time of cremation or burial, selection of pallbearers, procurement of official for religious rites, and transportation of mourners. Plans placement of casket in parlor or chapel and adjusts lights, fixtures, and floral displays. Directs pallbearers in placement and removal of casket from hearse. Closes casket and leads funeral cortege to church or burial site. Directs preparations and shipment of body for out-of-state burial. May prepare body for interment.

31. Funeral Home Director Job Requirements -Must be licensed: 21 years old, 2 years of formal education including mortuary science, serve one year apprenticeship, pass qualifying exam. To embalm requires its own license. -College programs in Mortuary Science include: anatomy, pathology, restorative art, business management, grief counseling, business law, and ethics

32. Who Earns More? Round 7 • Faller (Washington) • Electrical Repairer (Kansas) $57,930

33. Faller or Electrical Repairer? • Faller • Electrical Repairer

34. Who Earns More? • Faller (Washington) $64,110 • Electrical repairer (Kansas) $57,930

35. Job Duties Fells timber trees, applying knowledge of tree characteristics and cutting techniques to Control direction of fall and minimize tree damage: Appraises tree for characteristics,such as twists, rot, and heavy limb growth, and gauges amount and direction of lean, using ax as plumb bob. Determines position, direction, and depth of cuts to be made and placement of wedges or jacks. Clears brush and debris from work area and escape route,and cuts saplings and other trees from falling path, using ax and chain saw. Scores cutting lines with ax, saws undercut along scored lines with chain saw, and knocks slabs from cuts with ax. Saws back-cuts, leaving sufficient sound wood to control direction of fall. Inserts jack or drives wedges behind saw to prevent binding of saw and start tree falling. Stops saw engine as tree tips, pulls cutting bar from cut, and runs to predetermined location to avoid injury from falling limbs and flying debris. May work on piecework basis and be designated Busheler (logging). May cut trees into log lengths [BUCKER (logging)]. Fallers of small timber (generally under 18 inches in diameter) are classified as FALLER (logging) II.

36. Faller Job Requirements -Generally, there are no educational requirements for forest worker jobs. -On-the-job training from the logging company -State logging or forestry associations provide training sessions for fallers, lead to certification. -Generally advance from occupations involving primarily manual labor to those involving the operation of expensive, sometimes complicated logging equipment.

37. Who Earns More? Round 8 • Faller (Washington) $64,110 • Sales Engineer (Illinois)

38. Faller or Sales Engineer? • Faller • Sales Engineer

39. Who Earns More? • Faller (Washington) $64,110 • Sales Engineer (Illinois) $73,120

40. Sales Engineer Job Duties Sells electronic products and systems and provides technical services to clients, performing other duties

41. Sales Engineer Job Requirements -A bachelor’s degree in engineering is typically required. -A business, chemistry, or other science degree may be acceptable. -May have work experience in an engineering specialty. -May need training in sales.

42. Who Earns More? Round 9 • Fashion Designer (New York) • Sales Engineer (Illinois) $73,120

43. Fashion Designer or Sales Engineer? • Fashion Designer • Sales Engineer

44. Who Earns More? • Fashion Designer (New York) $73,390 • Sales Engineer (Illinois) $73,120

45. Fashion Designer Job Duties Designs men's, women's, and children's clothing and accessories: Analyzes fashion trends and predictions, confers with sales and management executives, compares leather, fabrics, and other apparel materials, and integrates findings with personal interests, tastes, and knowledge of design to create new designs for clothing, shoes, handbags, and other accessories. Sketches rough and detailed drawings of apparel and writes specifications describing factors, such as color scheme, construction, and type of material to be used. Confers with and coordinates activities of workers who draw and cut patterns and construct garments to fabricate sample garment. Examines sample garment on and off model and modifies design as necessary to achieve desired effect. May draw pattern for sample, using sewing equipment. May arrange for showing of sample garments at sales meetings or fashion shows. May attend fashion and fabric shows to observe new fashions and materials. May be identified according to specific group designed for, such as men, women, or children or areas of specialization, such as sportswear, coats, dresses, suits, lingerie, or swimwear. May design custom garments for clients and be designated Custom Garment Designer (retail trade). May conduct research and design authentic period, country, or social class costumes to be worn by film, television, concert, stage, and other performers and be designated Costume Designer. May design, fabricate, repair, and sell leather articles and be designated Leather Crafter (leather prod.). May design, copy, or modify clothing accessories and be designated according to article designed as Handbag Designer (leather prod.); Hat Designer (hat & cap); or Shoe Designer (boot & shoe).

46. Fashion Designer Job Requirements -2 year or 4 year degree -knowledgeable about fabrics, textiles, ornamentation, fashion trends, eye for color and detail, sketching ability, good portfolio. -Coursework may include: anatomy, mathematics, CAD, textiles, pattern making, sewing and tailoring and fashion history.

47. Who Earns More? Round 10 • Fashion Designer (New York) $73,390 • Psychiatrist (Mississippi)

48. Fashion Designer or Psychiatrist? • Fashion Designer • Psychiatrist

49. Who Earns More? • Fashion Designer (New York) $73,390 • Psychiatrist (Mississippi) $136,610

50. Psychiatrist Job Duties Diagnoses and treats patients with mental, emotional, and behavioral disorders: Organizes data concerning patient's family, medical history, and onset of symptoms obtained from patient, relatives, and other sources, such as nurse, and social worker. Examines patient to determine general physical condition, following standard medical procedures. Orders laboratory and other special diagnostic tests and evaluates data obtained. Determines nature and extent of mental disorder, and formulates treatment program. Treats or directs treatment of patient, utilizing variety of psychotherapeutic methods and medications.