Small Business Banking or Investment Management
I've been a credit analyst for 6 months at a small bank (~$2B in assets) in a major southern city. I spend my day "analyzing" loans--I use "analyzing" lightly as there is such a lack of rigor and depth required. I thought I would like the easy-going, 40 hr work week and the pretty straight-forward career path. I even thought I would like and respect small business owners. I was wrong. My days are slow, and the lenders I support are the least interesting people I've ever met. I spend more time thumbing throw tax returns than I do anything else. My job could be reduced to a computer program and some kid with an associates if management would make the investment in IT. The amount of asinine regulation heaped on banks doesn't help either.
After a few particularly long, slow weeks peppered with putting together loan packages for $500K home construction loans and $100K lines of credit, I decided to look around on LinkedIn for a new gig. I know that leaving a job (particularly a first job out of school like this one) after 6 months is career suicide, but I decided to look around anyway.
Cut to a few weeks into my search and I stumbled across a posting for a small investment management firm. Their AUM is $250MM to $350MM. The firm has around 10 employees. I interviewed and, pending a background check, will get an offer this week. I'm more certain than not that my salary and benefits will not be negatively affected by this switch.
My issue is this: The market is not looking strong. If it does take a dive and AUM shrinks, then I would be the first fat cut at the firm. My current employer is strong enough to weather a pretty severe storm without laying anybody off. Would making the jump now, given the uncertainty of the market, be a foolish move? And, would having a 6-month job be detrimental to a job search in, say, 5 years?
Provident illo assumenda est autem nulla. Suscipit officia molestiae est esse deleniti. Praesentium qui molestiae ab aut molestias. Natus cupiditate consequatur quibusdam fugiat cum.
Suscipit sit voluptas consequatur officiis porro. Alias ut cum alias perspiciatis. Esse qui sunt ut nihil qui. Libero corrupti debitis omnis minima expedita.
Sed veniam quis laboriosam temporibus tempora. Molestiae eligendi ipsa sapiente molestias culpa. Eum et fugiat impedit suscipit quis tempora. Facilis est perferendis reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...