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Occupation vs Job Title (Differences!)


Occupation vs Job Title. If you want
to know the difference between these two watch this video till the end and you’ll
have three main points that you’ll be able to remember. If you want to find
your ideal vocation, occupation or business niche, subscribe to this channel
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Ok, so you might be wondering what’s the difference between occupation and
job title? And the reality is that these two terms share a lot of similarities,
and the differences come to nuances so in order to find out those nuances, we
need to have three main points that will actually allow us to see the differences
more in depth, and in order to do that we first have to define what each of those
terms mean, so the first point is actually knowing what is an occupation.
So basically an occupation is a job what you do for a living, work. It could be
either as a student, that’s your occupation, being a full-time student. It
could be as a business owner it could be as an employee of any type. When we talk
about occupations we’re talking about the type of work that you do in very
general terms, why? Because government agencies like to classify the types
of work that people do and how much each type of work is actually contributing to
the economy so for example you might have that an occupation might be medical
services, in health care another that’s very general, it could be many different
things, you go have another one being attorney services, you could have farm
laborers you could have factory workers for example, and the list
is very, very long, actually the list of occupations. Ok, so if an occupation is
basically the job you have and again, by job it doesn’t necessarily mean that
you’re an employee and that’s important, knowing what we’re gonna see
later. Then that takes us to point two and that is knowing the meaning of a job
title. What exactly is a job title? So the job title is basically a name for a
position that a worker has within a company. Now it’s important to notice
that whenever you’re talking about a job title, we are
strictly talking in the context of employees within a company, so what do we
mean by this? Even if you’re the business owner and you have a title…
let’s say the CEO or something like that well, the CEO is the job title of the
person who is the biggest manager or the biggest leader within that company and
who is [also] an employee of the company because you’re getting a compensation
from the company even if you also happen to be the owner. This is a big difference
because the job title may be different between companies, within
different industries, even within the same industry, some companies may have
different job titles or job titles that may be equal between the two companies
but signal very different seniority so for example, you may be working as a
consultant for a firm of consultants so basically the firm is providing
consulting services to other companies out there who might need those services…
those consulting services, so basically the main difference here might be
that even though the people in that company who are consultants share the
same occupation… they’re all giving consulting services or an occupation
like that right? [yet] not everyone in that firm who
is a consultant will have the same job title, for example many in consulting
firms… many consulting companies actually have titles such as analyst, associate,
Engagement Manager and so on, some people who are consultants, one may have
the job title analyst, another may have the job title associate, and those are
different job titles within the same company, so for example I know many firms
in which the consultants who have job title of “analyst” are actually junior to
consultants with job title “associate” so basically “associates” are
promoted from analysts, ok? And that is in some consulting firms, now other
consulting firms might have different job titles or different hierarchies with
different job titles some firms name their consultants
differently and that doesn’t necessarily mean that they’re not doing the same
occupation or the same type of work. Does that makes sense?
If it doesn’t make sense or even if it does, comment below and let us… let me
know if so far, this is making sense. So a job title is just a name that is given
to a certain position within a company even if you are in the same industry the
same job title may not necessarily mean that you’re doing the same type of work
even if you’re doing the same occupation now ,let’s put an example of different
industries to give you an illustration of how a job title is very dependent on
the company itself. For example, we already mentioned the consultants
who have… let’s say analysts and associates, and knowing that within many
firms… many consulting firms the associates have more hierarchy and are
paid more than the analysts even though they are in the same occupation and the
only difference here will be that let’s say the associates have more experience
and they have done more work and they’ve been promoted. Now, if you go into
let’s say Equity Research at a bank or a Hedgfund, or a portfolio-management firm
of any kind, then you may have that many of the roles are reversed even
though it’s not the same industry then you have that many people who
are in investing -the same occupation: investing, researching
equities. The same occupation, but people who are analysts as a job title can be
in many cases more senior than those who are associates, so many of them, after
taking an advanced degree, they go in they enter the firm as an associate and
then they get promoted to analyst so there is the other way around. I used to work
at a bank as an economist which is an
occupation, and you would have analysts and you would also have economists as job
title and there, the job title will be very similar to the occupation, but
even I was an analyst at one point, despite the fact that my occupation was
an economist so they would have those two separate positions and even within each
position they would rank them, they would say okay you’re an
analyst 1, you’re an analyst 2 analyst 3. In that particular firm
the analyst 3 had more seniority than the analyst 1, but in some other
places it’s the other way around, the analyst 1 has more seniority more pay
more everything than the analyst 3. So that’s why job titles can be very
very specific to the firm, to the company. In some industries, sometimes because of
a higher degree of transparency and competitiveness then they will have
more standardized job titles across companies within the same
industry, but even then that means that the job titles are still just
referencing… just a way to name what you’re doing at the company
and it doesn’t necessarily have to say what you’re actually doing day-to-day
and that’s an important distinction, you could be doing the same occupation and
have a bazillion different titles if that makes sense
so this takes us to point 3,and that’s what are the differences in occupation vs
job title? As we mentioned before and as you may have already figured out
yourself, there are many similarities right?
They are both general terms that don’t specifically mention what you’re doing
day to day necessarily. They are both still somewhat generalized in the sense
that they don’t -even the job title- doesn’t necessarily always tell you what
is the person’s position in the company their seniority and how much they should
be making and that kind of thing so they’re still relatively vague, but the
main difference here will be an occupation is just a generalized field
of work that you are in while a job title is specifically within the context
of an employee within a company or a government agency,
basically the name that their position has within that company so you cannot
have a job title if you don’t have a job while even if you don’t have a job if
you are a student or you are a stay-at-home mom or you are trading or
investing securities for yourself or doing anything else even if it’s not
as an employee you still have an occupation, you’re a
student, you’re a housewife you are a trader for example and that
will be your occupation but you wouldn’t necessarily have a job title because the
job title is simply the way a company when they’re hiring you, they put that
title on there and if you’re wondering what to put in a form that
you’re filling out or something on those lines, if they ask for occupations you
can just give them your general occupation. If you feel better just
saying that you are a CEO instead of saying that you’re a manager or
something along those lines, go ahead and just do it because oftentimes in those
forms it’s not really required in the nitty-gritty information, it’s simply
because they want to have an idea of what is it that you’re doing and that’s
it. You don’t even have to be very specific with it. So now you know what an
occupation is, what a job title is, and what the differences are between these
two terms. If you liked this video remember to hit the like button below
subscribe to this channel I hit the notification bell so you know whenever
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share this video with your friends who may be asking the same thing bye bye.

6 Replies to “Occupation vs Job Title (Differences!)”

  • New subscriber to the Emil Christopher channel family! ๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ This was super helpful!!! ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ”ฅ

  • Very interesting. Thanks, Emil. This is particularly true in banking, across banks from different countries. Sometimes a Senior Associate at one bank will be an Analyst at another.

  • I think people put a lot of emphasis on Job Titles within their Occupation. I know when I use to work in corporate people always cared about what title was on their business card. Great break down of the two Emil ๐Ÿ™‚

  • Hey Emil, I"m back for your newest video.
    Job title is part of the occupation and I can understand why some people are confused.
    Where do you see this causes problems?
    While I"m an entrepreneur now, I'm very happy not to have to think about it, however, you make me wonder cause I travel the world and am also a cultural diversity trainer, so I wonder if you think there's a difference in these terms withing different countries?

    See you again soon fellow YouTuber,
    Rachel

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