What would you do? - Friendly acquaintance at another firm that

I've got a friendly acquaintance at another firm that I hang out with sometimes with mutual friends. I've gotten some one on one time with this chick recently, and she and I are basically at the same level--2nd year analysts, although I'd say her bank is much better known than mine (I work at a very small boutique, but whatever--I really like my job and I've got an awesome commute, so F you...) and she has a ton of student debt where I've got none (thank you state university...)

Anyway, she was telling me about an opportunity she has. I kind of laughed out loud (in my head) when she told me about it because it kind of came off like a pyramid scheme the way she told me about it. Basically, she has an opportunity to manage an office of mortgage loan officers. It's a new office and apparently she gets a budget to rent office space, hire a few staff members, and recruit experienced loan officers. They're offering her a 6-figure base (I guess that means $100k, which isn't WAY less than what I'm making all-in), and when she shares revenue the projections are anywhere from $500k to 7 figures per year when the office gets rolling. It's supposed to take about 24 months for the office to start rolling.

I'll be honest, I have 2 sinful mixed emotions--1) intense jealousy at the opportunity she has at her age and 2) scorn for the industry and shock that she would consider taking a step back in her career.

Am I being a prestige whore? Would any current bankers leave their jobs for being basically a glorified loan officer even if the money were obscene? I'm just feeling a little disillusioned tonight after that convo and am having trouble processing this girl's decision to leave banking for...lending...

9 Comments
 

Troll.

Making money is making money, if you're insecure about how you go about it then you're a pussy. Clearly you are jealous; you don't really like your job all that much, but the prestige and money make you feel somewhat like a man and a success in the eyes of others. You want to have an easier lifestyle and make more money, just like your friend, but you're a pussy.

 
Best Response

A step back? Really? You might want to take a step back and look at exactly what it is you do objectively before you begin to slander other professions. I wouldn't say anything is to far removed from being a mortgage loan officer.. and besides, what the hell is so awful about helping people get loans for their dream house. Maybe your helping a couple fulfill their life long dream or a family looking to downsize or any other million great things that can come from getting a mortgage. Just because there is a black eye on the industry from what happened before doesn't mean everyone is a hair gelled menace looking out for every low income person they can find to leech off of. Jesus dude. Be happy for whoever it is and keep in in perspective. I would actually say that even if she fails miserably and it doesn't work out, guess what? She now has the experience of managing an office and trying to build out a section of a business.

 

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