Is this career suicide?
Currently working in commercial banking at one of the big banks. Due to personal reasons, I really need to move back to my home city (one of the big us cities, but not NYC) (family stuff I need to be closer for)
Currently have a few jobs in the pipeline, one significantly more favorable than the other. Job A is at one of the CRA’s and doing something im pretty interested in. Pays more than option B, and overall has better career opps in the future.
Job B is weird. It’s at a very reputable wealth management/financial services firm in the city, and I think it has a somewhat large national reputation despite being mainly just in my city. The job description is a little vague, but from what I can gather from it + first round interview with recruiter is that I’d be basically an associate advisor(?) to a relationship manager in the wealth management branch of the firm. It requires a background in credit, and sounds like it works with providing credit products to HNW individuals. Sounds like some analysis is involved (which is what I do now), but there seems to be a lot of admin work. I’m worried this could be a bit of a trap and I just get stuck in an admin role with no exit opportunities.
I have a second interview tonight with job B, and I’m waiting to hear back about a second interview for Job A. To get to the point of this post, I’d job B career suicide? I’m worried it will be my only option, and as much as I’d hate to accept the first job thrown at me even if it’s not a good one, I need to get home asap. (Internal transfer at my bank was rejected btw).
bump
Which CRA and which sector team? I work at one of the CRAs so I can provide more insight on the process depending on which CRA it is.
Based on the most helpful WSO content, it's important to remember that no job is career suicide. Every job is an opportunity to learn and grow, and it's all about how you leverage your experiences.
Job B might seem like it has a lot of admin work, but it could also provide you with a unique perspective on wealth management and financial services. It could also give you a chance to build relationships with high net worth individuals, which could be beneficial in the future.
However, if Job A aligns more with your interests and offers better career opportunities, it might be worth waiting for. It's a tough call, especially considering your need to move back home as soon as possible.
Remember, it's not just about the job title or the immediate tasks at hand. It's about where this job can take you in the future. So, even if Job B isn't exactly what you want right now, it doesn't mean it can't lead to better opportunities down the line.
And hey, sometimes the banana you're dealt isn't the ripest, but it doesn't mean you can't make a great banana bread out of it! Keep your chin up and remember that every step you take is a step forward in your career journey.
Sources: B-school chances?, Suicidal thoughts in IB, Should I just end it all?, Would you redo IB again
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