Job Interview Commercial Awareness In Law
- Four common commercial awareness interview questions and how to answer them - LCN Blogs
- Job interview commercial awareness in law schools
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Therefore they require new recruits to be very knowledgeable in this area. How to Gain Commercial Awareness This is something that has to be developed and cannot be gained overnight. There are luckily many ways to develop your commercial awareness: Research Generally the easiest and most mainstream way to develop this skill is to read up in books and newspapers, finding all the relevant information of companies, in a variety of different sectors. Business sections of newspapers and news websites are a great starting point. Keep Up-to-Date The modern business world moves incredibly quickly. It is therefore a bit pointless if you have spent a lot of time researching the basics, only to find that it is now it is out of date, because you have missed many new deals that have occurred. Being aware of the latest deals and new transactions is essential for commercial awareness. All it takes is a quick look at a few business sections of news websites a couple times a day and you will be up-to-date with the latest insider knowledge.
Four common commercial awareness interview questions and how to answer them - LCN Blogs
The Law Society and the Solicitors' Regulation Authority are also on twitter and post regular updates about the industry. LinkedIn is another tool that can help you. If you do not have a LinkedIn account then it is best to set one up soon, this allows you to connect with law firms and with solicitors and barristers themselves. It essentially acts as your online CV, so make sure it looks good! Websites Here at the Student Lawyer we offer many articles including Deal Reports, which are an analysis of the latest business deals and how they have shaped the marketplace; Business News Reports, these daily articles give you a short description of the biggest business news headlines; and Industry News Reports, which give all the latest on the legal industry and how it is changing. Don't forget to sign up to get daily emails, and also to like our Facebook and Twitter page! How to Show Commercial Awareness It is incredibly likely that at some point during the application process for a job in the legal profession you will be asked to prove your commercial awareness.
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Job interview commercial awareness in law schools
Despite being a key attribute that graduate recruiters look for, they often report that applicants fail to demonstrate this knowledge throughout the recruitment process. Why do recruiters want you to have commercial awareness? Many companies see this as a key requirement in potential recruits. Commercial awareness shows that you have taken the time to understand how the company works and makes a profit and how it fits into the wider industry. If you can demonstrate commercial awareness in an interview, you are showing that you have taken the time to understand how the company works and makes a profit, as well as how it fits into the industry as a whole. Recruiters see those who are commercially aware as motivated, more interested in the role and more likely to hit the ground running and able to make informed decisions right from the start. How to develop commercial awareness? It should be noted that you can't develop commercial awareness overnight; it should form part of your ongoing development throughout your research, work experience and internships.
Leave a note in the comments section about the company you have chosen, and I might be able to offer some feedback on your choice. Best of luck on this journey – I guarantee you that it will be worth it!
Job interview commercial awareness in las vegas
Join clubs and societies Joining clubs and socities at university gives you an excellent opportunity to get involved in running events and even managing budgets. Many finance societies host events and talks by people in the industry which can be hugely useful in understanding the industry. However, the club or society you join doesn't necessarily have to be related to the industry you want to go in as long as you have relevant experience. If you are treasurer of the Lacrosse society, for example, that still gives you budgeting experience and generating income. Have a point of view It's one thing knowing the facts about an industry or a topic regarding that industry, but having a point of view about that topic will really help you out when you are in an interview. Read up on different points of view and come to conclusions of your own. Expressing an interesting point of view will show the recruiter that you have done your research and understand the industry. What sort of questions might I get asked in an interview?
If you haven't got a firm grip on current (and commercial) affairs you'll come unstuck. Consider the following: Is the government investing more or less in the education budget? What will this mean for recruitment and selection and teacher training? What of the current government concerns about educational disadvantage? Being able to answer these questions confidently and knowledgeably will give you the edge over other candidates during the interview and selection process. Ollie Longworth, former Warwick graduate and Senior Graduate Recruitment Officer- Attraction, TeachFirst, says Successful applicants to the Teach First Leadership Development Programme are aware of the national problem of educational disadvantage and can articulate how they will help us address it. ( Ollie Longworth, Teach First) How to develop commercial awareness There are some short term fixes to help you develop commercial awareness: read a quality broadsheet, watch some of the more accessible TV programmes like BBC's Business Lunch or tune in to topical radio shows like Wake Up To Money (5live) or Money Box (BBC Radio 4).
The more research you put in, the more it will improve. If you can, get industry-based work experience to acquire practical experience of commercial awareness on a daily basis. How to Demonstrate Commercial Awareness 1. In A Job Application Prior to an interview, make sure you learn as much as you can about the company in question. Understand the services it provides and the way in which it operates, so that you are able to ask relevant questions. It is also useful to memorise key names and data, such as the name of the CEO and information about financials. The interview itself is when your commercial awareness is put to the test. See below for ten key questions you may be asked. If you are not asked questions that focus on your commercial awareness, bring it up yourself in conversation. For example, if there were recent staffing changes or the company gained a new CEO, you could mention this and discuss what you believe it means for the future of the company. 2. In A Presentation Or Case Study Some job applications require you to prepare a case study or presentation as part of the interview process.
The more effort you put into making these an excellent representation of your work, the more you can demonstrate how you are commercially aware. This can be demonstrated in numerous ways – perhaps through a discussion of the costs associated with the project you are presenting, or by including a slide that discusses potential difficulties/flaws in your proposal, and how you plan to address them moving forward. --- Want to be sure of success in your next interview? Click here to learn more about InterviewGold, the easy online interview training system. You get real questions, winning answers and expert advice – all specific to your target job, for just £59. 95. 10 Interview Questions That Test Your Commercial Awareness Below are ten common commercial awareness interview questions, with tips on how best to answer them. 1) What Do You Believe Are the Biggest Issues Our Industry Faces Today? This question, while relatively straightforward, requires at least a base knowledge of the relevant industry.