I currently work on a sales desk and am thinking about picking up a part time ER position. The two positions concern totally unrelated products/sectors. How likely is it that the firms may not like the fact that I'm working for a competitor? My guess is that it won't be an issue as long as I disclose everything to all parties: what do you think?
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EDIT OF ABOVE:
If you're working for any reputable institution I can't imagine they will allow this. This goes double if you're on a sales desk that's on the private side of the Chinese wall.
Yeah. I had trouble getting approval from my firm to work as a career services consultant. Be prepared for the compliance lady who answers "Can I work part-time in research while in S&T?" to set off one of those email forwarding chains that winds up on Dealbreaker. ;-)
Will not approve
Damn, I really want this. If I was in operations, would this change things?
Also: I know that the answer is probably NO, but is it possible to simply not tell each company what I'm doing? What are the chances of them realistically finding out? Like I said above, there is practically zero overlap of the products and companies that the two groups cover / do business with, so I'm wondering if there's any wiggle room in this situation. If I can't benefit from some type of impropriety, how is this anyone's business? How am I supposed to network over to another company / position if I'm not even allowed to talk to them or develope a skill set? I don't understand. I have to be honest: I feel kind of trapped all of sudden and I don't like it.
I'm sorry to be so persistent, but I'm trying to get from sales to ER, and this seems like a perfect way to do it AND I'm more than willing to train my replacement as I'm on my way out. I really don't see an ethical problem, but if this is completely hopeless or just a bad idea, let me know and I'll drop the subject.
Either way, I appreciate the advice.
You've been told it's just a bad idea by several people, including experienced professionals. I'd vote for dropping the subject now.
If you're an RR, both will have to report your employment to FINRA, which is probably going to start asking some questions of your old firm when they haven't ended your employment status- and then also start asking questions of your new firm and whether they knew you had a full-time job elsewhere. That's when the ruhroh is going to hit the fan for compliance, your managers, and you. Let's just say that it will bring new meaning to the phrase "You'll never work in this town again" for both you and perhaps your full-time manager.
If it's a good part-time opportunity now, maybe it will be a good full-time opportunity in a year. Patience isn't a bad thing.
Sometimes you have to take risks. If you really want to move into ER and it's not for the extra money then you could take the part time, work full time voluntarily, tighten the belt and hope they see reason. If they don't they will at least not cut the role shortly seeing the quality of effort you put in, and you should get some good experience in ER to help you break in.
The chances of nobody ever finding out at your old company are small. If you get caught there is no way you can ever justify this to anyone and still be considered a viable hire. If any person who reports to me told me they were currently doing something similar it would drastically change my opinion of them for the worse.
I don't get it, please explain or link a resource, because this throws a huge monkey wrench into my plans. I seriously did not think this would be an issue. I've never had an employer have a problem with me having a second job as long as it didn't interfere with my work......
Is this for a different role with your current employer?
If there's a part time job there this year, there will probably be a full-time job there next year. Just be patient. Remember, sales is your first job, not your last. Call them up and ask about the position, see if you can meet with the hiring manager, but don't take the job (except in the off chance compliance gives the ok)- you need a full-time offer to replace your old sales job. When the guy has a full-time opening, you'll be one of the people he thinks of first.
If I listened to everyone who said "It can't be done" over the last three years, I'd still be a bartender.
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