Money May Be The Root of All Evil

by Kristina on October 4, 2010 · 6 comments

I know that I have blogged before about money not being the only important benefit of our jobs.  However, this week I was offered a new position with a Mutual Fund company. The money is so good that I may not be able to turn it down.

I feel that my whole professional and some of my personal identity are all based on my financial institution. What happens to me if I leave my comfort zone to embark on a new professional adventure? I like my routine; and I don’t know if I would survive a major career change.  The fear of the unknown kind of scares the hell out of me.

I have spent the last 10 years of my life working for financial institutions. I have spent the last 5 years in at the same branch providing financial planning services to the same clients.  I know that Mr. Jones is always going to call me when interest rates go up, and try to negotiate the rate on his locked in Term Deposit.  I know that Mrs. Adams is going to call me on the first of every month to ask me if I got engaged last month to my long time boyfriend Nick.  And, I know that Mr. Kane is going to bring me fruit from his backyard every time he comes to the branch to pay his bills.

I don’t know what my life would be like without the bank world. The new position would be working as a resource person for a Mutual Fund company.  Financial Planners would contact me when they have questions about Mutual Funds or if they need a senior Financial Planner to meet with clients and “close the deal”.  This new position with the Mutual Fund Company is not necessarily along my career path to branch management, but it is a really good current opportunity.

As with everything in my life, when I am faced with a dilemma I make a Pro and Con List to help clarify my choices. Here is my Pro and Con List

My Current Job Pros

–       Experience
–       Comfortable
–       Job Security
–       Working with Friends
–       Banking Benefits
–       5 weeks vacation

The Job Offer Pros

–       More  Money
–       Fresh Start with a New Company
–       A Lot More Money
–       Flexible Hours
–       More Money
–       Travel Benefits

If you were offered an amazing opportunity that wasn’t exactly along your career path, would you accept the job offer?

(Photo By Muffet)

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{ 6 comments… read them below or add one }

1 Honey October 4, 2010 at 3:15 pm

I’d definitely take it, no question. If you’ve been in your current position for 5 years without being promoted, then there’s no way the institution where you work now is going to consider you for one. Which means either you should be going for the next level up at similar financial institutions (no guarantee) or you should diversify your experience. Almost any job gives you skills that are applicable to almost any other job, so as long as you’re able to articulate that on your resume and in cover letters, you don’t have anything to worry about by broadening your experience within the financial industry.

2 Dave@50plusfinance October 5, 2010 at 1:39 am

Kristina, sounds like a great opportunity. I also think you have waited to long to be promoted. All your great clients will be happy for you and wish you well. You should leave the bank but please never leave us.

3 Miss T @ Prairie EcoThrifter October 5, 2010 at 11:50 am

I would take it too. It would be such a great learning opportunity that could further your career later on in the area you want to be in. You will get a chance to further network in the industry and build your skills. If an opportunity presents you should take it.

4 Kristina October 6, 2010 at 1:26 am

Leave DINKS??? Never. I am going to stay as long as you all and Jay will have me!!!

5 Jay October 6, 2010 at 10:51 pm

I like that! :)

6 Carrie October 7, 2010 at 8:27 am

I agree with Miss T. Think of it as an opportunity to gain new skills and learn a different aspect of finance. In this job market, having skill diversity will only benefit you in the future. Go for it!

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