advice on situation (kind of lost)

bean's picture
Rank: Senior Baboon | 214

Hey guys,

Just wanted your honest opinion/input on my situation...

currently I have 1 1/2 years experience at a pretty well know bank (not BB)
but my job has been BO type of role...no real chance for additional responsibilities,
leadership, growth etc...feeling kind of frustrated...plus the money is not enough to
support my living cost plus student loans in the northeast...

thinking about moving back home (international) to start studying for various things
like gmat, CFA, etc that would help me get a FO/MO investment type of role...(analyst, associate etc)
probably go get a 1 yr masters and "try again" with the whole recruiting process in general...

I'm worried that I would have a gap in my resume and employers would question that fact...but the
bottom line is financially, I can't survive here without a decent paying job...and I'm not even looking
for great pay either...just enough to support myself

do you think moving back home and "trying again" after 1 yr is a good idea? anything besides studying
(ie community service/volunteer/part time jobs unrealated to finance etc) that I could do to help employers know that moving back was due to financial situation as opposed to
"quitting" and leaving...

any advice/input/suggestions are greatly appreciated...thanks

Comments (9)

Apr 9, 2010

I'm a student, but from my experience interviewers don't look/pay attention to dates on a resume and only focus the experience listed. I have had several instances where they ask me when I did something or what I did last Summer and its clearly marked on my resume in chronological order.

That said. You should keep working in your job, take up some good extracurricular activities and start studying for the GMAT. I would focus on gettting an MBA from a top school and trying to break into FO from there. I'm not sure where you are from, but your Master's at a foreign school will not have the same weight as a Master's from a US school (unless it's a top international school of course).

Apr 9, 2010

actually my plan would be to do a master in the UK or US...not in Asia (where my home is)
just thinking about going home to "buy sometime time" while I studying for all these exams

Apr 9, 2010

by the way...how much would it hurt me if I were to get a unrelated job while I was studying
ie teach english in Asia type of thing...
thanks

Apr 9, 2010

Well, it doesn't look like you have much of a choice. You could stay here and pass CFA level I and II I guess, but that would take you a year +. Moving back home probably won't be so much of an issue if you have something to fill the gap partially, like volunteer work. How are you going to cope up with the additional loans from a Master's though ? Plus, if you move back home for a year and then Master's for another year, that's two years right there, you have to weigh the opportunity costs of that.

Apr 9, 2010

I have a friend who did something similar, quit his BO job to move to Asia for 6 months and prepare for CFA Level II and apply for an MBA. With him, it doesn't matter as much since he has a Green Card and can move freely between the two countries, for you, the visa might be an issue later on.

Apr 9, 2010

Why did you move to the US for a BO job that you knew would not pay you enough?

Apr 9, 2010

@SAC

Thanks for your input...
I'm a US citizen (asian desent) so the visa issue won't be a problem...
if you don't mind...how did your friend's situation end up working out??

@jhoratio

after college (US school) I decided to try my luck here to see if I could find a job
start a career etc...

didn't move to the US for a BO job...nobody would..
it's like telling a non target kid "why did you go to college when you knew you weren't going to
get into a BB"...
everyone trys their luck to break in one way or the other...some ppl just don't have a clear cut
IB - MBA - PE - $$$ route.

Apr 9, 2010

bean,

He's at Baruch, probably not the best school but he has a paid part-time job working for an Angel investor, and also CFA Level II, so he shouldn't have a problem finding employment once he graduates.

You could try something similar, if you think a Master's suits you better, that's ok, but the internship opportunities from an MBA are important in my opinion. You might want to finish up two years in your current position though, might look better on the resume.

Does your current job not even cover your living expenses ?

Apr 9, 2010
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