[quote]longtimelurker92 wrote:
See I face a dilemma. I’m fine with sales. Im a pretty good people person. The problem is. I don’t want to get into sales and five years down the road want to become a financial analyst. if thats the case, then in 5 years I’ll have 0 analytical experience. Whereas If I become a loan analyst now, I can always go into sales, or come back to an analyst role. But here I am having friends say they’re clearing 100k in sales.[/quote]
…so you are afraid to interview for a job becuase it might lead to another role you believe is sales related, where you friend is making 100k? You have no experience. I’d advise you to go on the interview so you might actually have enough information to make a decision, then make a decision.
How long will you have to be an analyst to make that money? How long can you go without work?
Edit: in your original post you said the “opportunity” is for a loan analyst…which is the career you want…I dont see a dilemma. [/quote]
Sounds to me the dilemma is he’s envious of his bragging friends who are making $100k in sales without considering that, in sales, it’s mostly feast or famine (for the most part). Typical millennial conundrum: “I want to make $100k and I want to make it now … working for it or up to is for suckers” … Instant gratification
Thats actually exactly my dilemma… Security and a stable income at 55k or sales where i have the POSSIBILITY of making $100k. I know it sounds ridiculous but both my bro and dad went into sales for their careers and were successful, so I’m very conflicted. And I’m expecting offers from both
[quote]longtimelurker92 wrote:
Thats actually exactly my dilemma… Security and a stable income at 55k or sales where i have the POSSIBILITY of making $100k. I know it sounds ridiculous but both my bro and dad went into sales for their careers and were successful, so I’m very conflicted. And I’m expecting offers from both[/quote]
What would you be making now in sales? And over the next 3 years?
And what you perceive is “security” is actually a lack of variability of income. Trust me, if there’s another down-turn, the junior analysts making $55k will be the first to go. Sales professionals, especially ones making commish, are cheap to keep on because they eat what they kill.
[quote]AliveAgain36 wrote:
Do you have tactics you employ to deal with vices (gambling, porn, alcohol, food, or whatever your’s may be)?
I always appreciate listenigener strategies. Especially someone in a similar age bracket.[/quote]
Grest question! I’ve been adicted to all of the above, but a seven out of ten, not hitting “rock bottom” but in danger if I continued. Managing addiction for me is about recognizing cues that trigger a dive into the bottle, porn, and avoiding those cues when possible, but also facing them, understanding them and ultimately defusing them. For a while I kept a journal which really helped with that process, especially the self analysis part. I
Also, I’ve transfered a lot of that raw addictive energy into training. I am addicted to that sweet, sweet endorphin dump at the end of a PR or hard set, and that general cathartic “awwwww” feeling I get post training. I honestly believe it also helped right my brain chemistry (my own broscience) and made the addictive trait in me fade a lot, at least the negative aspects. You can build good habits or bad ones, the difference is the choice you make or the choice you didn’t make.
Do you mean a base salary? We haven’t talked numbers but I’m guessing in the 35-40k range.
And as far as the analyst, its at a reputable bank thats been in business for a few decades, and they’re pretty lean. I forget the numbers, but they have so much in revenues yet only 2000 employees worldwide. But yea of course, I would be first to go if there were lay offs
Any advice for a 21 year old that has taken a year off of college to try and figure out what kind of career he wants to do with little luck? Any particular fields of growth or anything?
[quote]KD0 wrote:
Any advice for a 21 year old that has taken a year off of college to try and figure out what kind of career he wants to do with little luck? Any particular fields of growth or anything? [/quote]
You’ll probably ignore this, because the 21 year old Kraken did…get the fuck back to school! Not having a degree sucks. Get a degree in anything, but complete it. You’re going to do a lot of different things in your work life before you land in a career, but getting a career is a hell of a lot easier with that paper. You’ll find your career or several careers in time, but a 4 year degree is pretty much the price of admission.
Yeah I for sure need to do something! What kind of degree would you recommend? Or does it really matter? I just didn’t want to go into debt at the time and that’s why I quit.
[quote]KD0 wrote:
Yeah I for sure need to do something! What kind of degree would you recommend? Or does it really matter? I just didn’t want to go into debt at the time and that’s why I quit.[/quote]
If you’re interested in business, but don’t know what type of role you’d like to play I’d suggest a degree in accounting. IMHO a degree in accounting opens a lot of doors a degree in finance or general business does not.
My wife has an undergrad degree in accounting, started working in public accounting preparing tax returns in their personal financial planning group and has transitioned into the financial planning side of things (series 7 & 66 I believe, MST, & CPA). I have an undergrad degree in accounting (working on Masters and CMA license), started in non-profit accounting, but have since transitioned to corporate finance as a budget analyst.
Point being, you don’t have to work in public accounting. An accounting degree is very versatile.
[quote]KD0 wrote:
Yeah I for sure need to do something! What kind of degree would you recommend? Or does it really matter? I just didn’t want to go into debt at the time and that’s why I quit.[/quote]
If you’re interested in business, but don’t know what type of role you’d like to play I’d suggest a degree in accounting. IMHO a degree in accounting opens a lot of doors a degree in finance or general business does not.
My wife has an undergrad degree in accounting, started working in public accounting preparing tax returns in their personal financial planning group and has transitioned into the financial planning side of things (series 7 & 66 I believe, MST, & CPA). I have an undergrad degree in accounting (working on Masters and CMA license), started in non-profit accounting, but have since transitioned to corporate finance as a budget analyst.
Point being, you don’t have to work in public accounting. An accounting degree is very versatile. [/quote]
[quote]KD0 wrote:
Any advice for a 21 year old that has taken a year off of college to try and figure out what kind of career he wants to do with little luck? Any particular fields of growth or anything? [/quote]
Learn to love what you do, then go find something that pays reasonably well and has a good future to it, and then commit to it for a couple of years. Then look to change fields/find something related if you want to later on. 21 is young enough to have multiple career changes, provided that you continue learning.
Dead serious.
I no longer believe that you should be trying to find the job that makes you happy. I think that’s backwards thinking.
A study by MIT claims that by mid century 75% of all jobs that humans do now will be automated, either by robots, AI or a combination. It is well known that blue collar factory jobs have already been mostly automated but the study for the first time claims that now the white collar workers will be hit. Education is changing with online learning e.g. MOOCs. Doctors, lawyers, and other professions could now face if not outright automation maybe assisted help from such devices e.g. robot surgeons, AI analytics (e.g. Watson IBM?s computer, in diagnosis, research) and augmented reality.
A company is developing a maintenance program using ?Google Glass? to aid technicians in completing their tasks. Time stamps and augmented reality record all the steps and stages in for instance overhauling a jet engine. The aviation industry is working hard on this so that no flight maintenance technician forgets his wrench in the engine or forgets to properly fasten a cowling (both of which have occurred!).
However life gets worse for the low end of the job market as a company in France have developed a kitchen robot which makes pancakes and flips burgers, goodbye Macjobs! An excellent new book ?Humans need not apply? gives a very detailed but disturbing account of what the future could be like.
The only way I can see for a young person to survive is to acquire skill sets that machines cannot match. In my opinion it is the ?creative mind? of the human which can still beat the machine. Can a machine compose like Beethoven, or the Beatles, paint like Michaelangelo or Picasso? Maybe one day if humanity survives itself! Happily I?ll be long dead before all this comes about.
[quote]KD0 wrote:
Yeah I for sure need to do something! What kind of degree would you recommend? Or does it really matter? I just didn’t want to go into debt at the time and that’s why I quit.[/quote]
If you’re interested in business, but don’t know what type of role you’d like to play I’d suggest a degree in accounting. IMHO a degree in accounting opens a lot of doors a degree in finance or general business does not.
My wife has an undergrad degree in accounting, started working in public accounting preparing tax returns in their personal financial planning group and has transitioned into the financial planning side of things (series 7 & 66 I believe, MST, & CPA). I have an undergrad degree in accounting (working on Masters and CMA license), started in non-profit accounting, but have since transitioned to corporate finance as a budget analyst.
Point being, you don’t have to work in public accounting. An accounting degree is very versatile. [/quote]
I am interested in business, to some extent. I have good connections locally in business I think because of my current boss. I hear people say accounting is really boring and tedious though, I’m not sure if I could do it to be honest, but then again I haven’t ever taken a class but I am very good with numbers.
[quote]magick wrote:
Learn to love what you do, then go find something that pays reasonably well and has a good future to it, and then commit to it for a couple of years. Then look to change fields/find something related if you want to later on. 21 is young enough to have multiple career changes, provided that you continue learning.
Dead serious.
I no longer believe that you should be trying to find the job that makes you happy. I think that’s backwards thinking.[/quote]
I agree with you on that. I’m trying to find something I can “stand” and make good money at and not get outsourced, haha. That’s starting to become a problem, and some automation.
[quote]oldtimer3 wrote:
A study by MIT claims that by mid century 75% of all jobs that humans do now will be automated, either by robots, AI or a combination. It is well known that blue collar factory jobs have already been mostly automated but the study for the first time claims that now the white collar workers will be hit. Education is changing with online learning e.g. MOOCs. Doctors, lawyers, and other professions could now face if not outright automation maybe assisted help from such devices e.g. robot surgeons, AI analytics (e.g. Watson IBM?s computer, in diagnosis, research) and augmented reality.
A company is developing a maintenance program using ?Google Glass? to aid technicians in completing their tasks. Time stamps and augmented reality record all the steps and stages in for instance overhauling a jet engine. The aviation industry is working hard on this so that no flight maintenance technician forgets his wrench in the engine or forgets to properly fasten a cowling (both of which have occurred!).
However life gets worse for the low end of the job market as a company in France have developed a kitchen robot which makes pancakes and flips burgers, goodbye Macjobs! An excellent new book ?Humans need not apply? gives a very detailed but disturbing account of what the future could be like.
The only way I can see for a young person to survive is to acquire skill sets that machines cannot match. In my opinion it is the ?creative mind? of the human which can still beat the machine. Can a machine compose like Beethoven, or the Beatles, paint like Michaelangelo or Picasso? Maybe one day if humanity survives itself! Happily I?ll be long dead before all this comes about.
[/quote]
This probably deserves its own thread. It’s something I have been thinking a lot about and I think mid century is optimistic (i.e. I think it will be here sooner). This has implications for all of humanity.
[quote]KD0 wrote:
I agree with you on that. I’m trying to find something I can “stand” and make good money at and not get outsourced, haha. That’s starting to become a problem, and some automation.[/quote]
Argh. Fuck outsourcing!
Best bet is to become a highly skilled in some trade that can’t go overseas, like an electrician.
But that’s a hard and scary job.
In any case, another random piece of advice- the sky isn’t falling if something bad happens. Unless you die or lose your home. Then the sky is probably falling.