To increase your chances of landing a job at the RAND Corporation, follow these steps:
1. Research: Familiarize yourself with RAND’s mission, values, and areas of expertise. Understand the organization’s work and its impact on policy and decision-making.
2. Tailor your application: Customize your resume and cover letter to highlight relevant skills and experiences that align with RAND’s research areas. Emphasize your analytical abilities, research experience, and policy expertise.
3. Network: Connect with current or former RAND employees through professional platforms like LinkedIn. Attend RAND events or conferences to establish connections and gain insights into the organization.
4. Prepare for interviews: Be ready to discuss your research interests, policy knowledge, and problem-solving skills. Showcase your ability to work collaboratively and think critically.
5. Stay informed: Keep up with RAND’s latest research and publications. Demonstrate your interest and understanding of their work during interviews.
6. Apply for internships: Consider applying for internships or fellowships at RAND to gain firsthand experience and increase your chances of being considered for a full-time position.
Remember, competition for jobs at RAND Corporation can be fierce, so it’s crucial to showcase your unique qualifications and passion for their research and policy work.
How to get a job at rand corporation?
The interview process at the RAND Corporation usually consists of 2-3 rounds. These rounds focus on behavioral questions, assessing the candidate’s research experience, and analyzing a public policy case study.
What are the disadvantages of the RAND?
The adoption of the Rand currency comes with a significant drawback: the loss of control over monetary policy. This means that the government would have limited power to implement expansionary or contractionary measures when necessary. The years 2013 to 2015 serve as a clear example of the negative consequences of this. During this period, the country experienced deflation, which hindered the growth progress achieved between 2009 and 2013.
What was published in the RAND Report R 609?
Raymond Krishnil Kumar, the Head of Billing and Products at Digicel Pacific, recently shared an insightful report on security controls for computer systems. This report, known as Rand report r609, was published in October 1967. It emphasizes the importance of securing data by limiting random and unauthorized access to it. Additionally, the report highlights the significance of involving personnel from multiple levels of the organization in information security.
What influences the RAND?
South Africa operates under a flexible exchange rate system, meaning that the value of the rand is determined by market forces of supply and demand. The value of a currency is determined by the relative demand for it compared to its supply.
The value of a floating currency, like the rand, can change continuously due to various factors. The current weakness of the rand can be attributed to several structural issues in the local economy.
The value of a currency is influenced by the demand for a country’s goods and services, which is closely tied to the growth and national income of its main trading partners.
The domestic interest rate also plays a significant role. A high interest rate can attract foreign capital, strengthening the exchange rate. However, high inflation can offset the benefits of high interest rates for foreign investors.
Other factors can drive a currency’s value down. For example, a current account deficit occurs when a country spends more on foreign trade than it earns and has to borrow capital from foreign sources to make up the difference. This leads to an excess demand for foreign currency and depreciation of the domestic currency.
Political instability and poor economic performance can also reduce investor confidence, prompting foreign investors to seek out stable countries with strong economic performance. This means that countries with positive attributes attract investment away from those perceived to have more political and economic risk.
Currency movements are further complicated by the fact that currencies are now bought and sold as financial assets, not just for facilitating trade. Decisions by traders to buy or sell a currency can have a significant impact.
Why did the RAND collapse?
Since the ANC government came into power in 1994, the South African rand has experienced a significant decline in value against the US dollar. Over the past three decades, the rand has depreciated by 82% relative to the dollar, which is equivalent to an annual compounded loss of 6% in rand value over a 29-year period.
The year 2023 has been particularly challenging for the local currency, with its value weakening from around R1700 per USD in January to over R1980 per USD this week. The initial weakness of the rand earlier in the year was attributed to factors such as loadshedding, underperforming state-owned enterprises, a struggling economy, greylisting, and portfolio outflows.
More recently, the diplomatic fallout following the US Ambassador’s comments about selling weapons to Russia has led to a sharp sell-off in the rand. On May 12, 2023, the rand reached its lowest-ever level against the US dollar, trading at R1951 per USD. It continued to weaken and hit a new low of R1987 per USD on Tuesday.
George Glynos, the head of Research at ETM analytics, has warned that the rand could weaken even further, potentially reaching levels much lower than R20 per USD. The upcoming BRICS summit in Cape Town, where Russian President Vladimir Putin is set to attend, poses a significant immediate risk for the rand. Glynos emphasized the importance of South Africa adhering to the law and arresting Putin if necessary, as failing to do so could have severe consequences for the country’s economy.
The situation is highly sensitive, and the more we continue down this path, the more dangerous it becomes. Nobody wants to see the rand trading at R21 or even lower against the US dollar. The weak rand imposes a substantial cost on the economy and threatens to push the country into a deep recession.
Many South African businesses and leaders have pointed out that most of the economic challenges leading to the weakened currency are self-inflicted. Unfriendly business policies and poor geopolitical decisions have made the country unattractive to investors. This was not always the case during the tenure of the former President.
Why is RAND called Zar?
The currency of South Africa is the South African rand (ZAR), which is issued by the South African Reserve Bank. The rand is subdivided into 100 cents and is denoted by the letter R. Its name comes from the Afrikaans phrase “Witwatersrand,” meaning white water ridge, where the majority of South Africa’s gold reserves were discovered, including the city of Johannesburg.
In 1956, a commission recommended replacing the British Pound and related currencies with a new currency called the rand. On February 14, 1961, the South African Rand became the legal currency, replacing the British Pound, following a whites-only referendum. This move also led to South Africa declaring itself a republic and leaving the Commonwealth of Nations.
The South African Rand is also recognized as legal currency in Namibia, Lesotho, and Eswatini, although these countries have their own national currencies tied to the rand. In Botswana, the rand was authorized currency until 1976 when it was replaced by the pula.
The history of the South African Rand dates back to 1961 when it replaced the South African pound as the official currency. Initially, the rand had a favorable exchange rate of 140 USD to 1 Rand for the first decade. However, inflation and international opposition to South Africa’s apartheid regime caused the rand’s value to decline relative to other currencies.
In 1985, South Africa temporarily halted all foreign exchange activity to counteract the decline of the rand, which was trading at a rate of 2 Rands to 1 US dollar. As South Africa moved towards ending apartheid and transitioning to a black majority administration, the rand’s value further dropped. By 1999, the exchange rate had more than quadrupled to over 6 ZAR to 1 USD, and by 2001, it had soared to about 14 ZAR to 1 USD.
Between 2001 and 2006, the rand regained approximately half of its value against the US dollar, returning to a six-to-one exchange rate. However, in 2012, a drop in the rand was triggered by a decline in the South African mining industry. By 2014, it was trading at a slightly higher than 15 ZAR to 1 USD exchange rate.
The devaluation of the South African currency was driven by the nation’s significant global trade deficit and its economic ties with China, one of its most important trading partners. In 2016, the rand reached an all-time low against the US dollar, falling just below 18 ZAR to 1 USD. South Africa’s credit rating was also downgraded to slightly above junk status by credit rating agency Moody’s in 2017.
The Krugerrand is a South African gold coin that was introduced in 1967 to promote the marketing of South African gold. It was named after Paul Kruger, the former President of the Republic of South Africa, and the rand, the South African monetary unit. The Krugerrand featured a springbok, South Africa’s national animal, on its reverse side. It became the bestselling gold bullion coin in the world during the gold market boom from 1979 to 1980. However, its popularity declined in the 1980s and 1990s due to various western nations banning its import because of its association with South Africa’s apartheid regime.
The South African Rand (ZAR) is Africa’s second-largest economy’s free-floating currency. Its value is determined by supply and demand dynamics as it is not tied to a specific commodity. The rand’s value increases when there is a higher demand for it, and decreases when there is a lack of demand. Despite trading volumes lower than major currencies like the US dollar, euro, and British pound, the rand is still considered one of the top 20 world currencies.
The value of the South African Rand is influenced by various factors. Low commodity prices have weakened the rand due to South Africa’s heavy reliance on mining exports. Additionally, a decrease in China’s demand for commodities has further impacted the economy and global commodity prices.
The South African Rand is commonly referred to as ZAR, which is derived from the Dutch term “Zuid-Afrikaanse Rand.” The name originates from the Witwatersrand, the ridge on which Johannesburg is built, known for its significant gold reserves. The abbreviation ZAR is used for the currency of South Africa, as well as for other nations.
When the quantity of US dollars increases, the value of the South African Rand rises in relation to the US dollar. Factors such as a higher US interest rate, South African output, South African stock price, or US inflation rate can contribute to the appreciation of the rand. Conversely, a higher US interest rate, US output, US stock price, or US inflation rate can lead to a depreciation of the rand.
Please note that this content is authored by an external agency, and the views expressed here do not represent the views of Economic Times (ET). ET does not guarantee or endorse the content and disclaims any warranties relating to the report and its contents.
In conclusion, the RAND Corporation, also known as Zar, has been influenced by various factors throughout its existence. The organization has been shaped by the need for objective analysis and research in the fields of defense and policy. Its close ties with the U.S. government and military have also played a significant role in shaping its research agenda.
While the RAND Corporation has made significant contributions to various fields, it is not without its disadvantages. One major drawback is the potential for bias due to its close association with the government and military. Critics argue that this affiliation may limit the organization’s ability to provide truly independent and unbiased analysis. Additionally, the high cost of RAND’s research services can be a barrier for smaller organizations or governments with limited resources.
The RAND Report R 609, published in 1950, was a groundbreaking study that analyzed the potential impact of nuclear weapons on the United States. This report, which highlighted the devastating consequences of a nuclear attack, played a crucial role in shaping U.S. defense policy during the Cold War era. It provided valuable insights into the strategic considerations and potential countermeasures that the U.S. should adopt to mitigate the risks associated with nuclear weapons.
Despite its significant contributions, the RAND Corporation faced challenges that led to its collapse. One key factor was the organization’s heavy reliance on government contracts, which made it vulnerable to changes in government priorities and funding. Additionally, the increasing competition in the research and consulting industry, as well as internal management issues, contributed to its decline. However, it is important to note that while the original RAND Corporation ceased to exist, its legacy continues through various spin-off organizations and the continued influence of its research.
Overall, the RAND Corporation, or Zar, has played a pivotal role in shaping defense and policy decisions through its objective analysis and research. While it has faced challenges and criticisms, its contributions cannot be overlooked. The organization’s ability to provide valuable insights and recommendations has had a lasting impact on national security and policy-making processes.
You are watching: How to get a job at rand corporation?