Urgent: need to make decision asap
Let me start by saying that my ultimate dream-job would be becoming a Portfolio Manger.
Now, this is my background: I have been working as an commercial banking credit underwriter for 4 years (started as a trainee and have now been a team-leader for the past 6 month). I recently was awarded the CFA charter.
Now here is my dilemma:
I am being offered a position as a Senior (sell-side) Equity Research Associate covering several industries (which I like). I already gave notice to my current employer and I was planning to confirm my acceptance for the new position tomorrow.
However, I received today a call from the Commercial Banking Country Head (current employer)!! He told me that he currently couldn't offer (nor promise) me a position that would take me closer to become a PM, but he would give me a raise (which I am not giving to much weight within my decision making process) and would eventually aid me to get a job that would get me closer to my final career goal (probably as a fixed income trader or at buy-side research).
Both options sound very appealing to me (I am quite indifferent between fixed-income and equity). One ASSURES me to make an immediate career shift. The other one provides me with a high-end sponsor to POTENTIALLY shorten my career path to achieve my dream-job.
From the top of you mind, which option would you recommend me?
I would go ER associate, but that's me personally. Much more relevant to what you want to do than CB - may be able to help in the future isn't the same as getting to move definitely now. However, I'd obviously turn down the offer graciously and try to leave on good terms.
Thanks NTH, that is precisely the point that makes me favor the ER option. The potential of getting into trading (and its associated prestige) and the sponsor issue, are however quite sticky thoughts.
How certain can you be that will end up happening though? You will obviously be able to assess the situation better than I can, but objectively I wouldn't personally put much faith in a (non-promise) that someone would "eventually" help me get a job closer to your financial goal.
What are your strengths and interests? Do you want to be a trader or are you more interested in fundamental research? I wouldn't enjoy waiting a few years to take steps towards a career move I could have taken years ago, to eventually (maybe) make it to a position as a trader to find out I don't like it/I'm not good at it (not saying that'll happen to you).
In this scenario when you have a very attractive option on the table, I'd personally stick to the "bird in the hand is worth two in the bush" thought process
I decided to take the ER position. Thanks for your input!
Consectetur consectetur veritatis aut consequuntur rerum. Quasi et omnis sunt sit aliquam. Id est et et non. Voluptate nesciunt harum voluptates placeat ut et.
Ut nobis facilis molestiae vero numquam sunt officia. Voluptatem maxime consequatur possimus ut ullam amet. Quia cupiditate molestiae omnis nulla illum. Porro a aut repudiandae ut fuga. Impedit nihil iure corporis possimus autem. Nostrum similique sit repellat molestiae eveniet ipsa dolor.
Rerum cumque itaque culpa incidunt iste nam quo. Dicta error numquam in eius asperiores. Odit recusandae autem pariatur tempora velit. Et itaque labore in ea mollitia quis. Id aliquam corrupti et.
Ea consequatur natus saepe optio nihil quidem commodi. Eveniet in assumenda iure ipsam odio et earum. Illo sed aut sunt et aut. Et tempore quia magnam vero eum.
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...