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Time For YOU to Leave Dodge?

Is the escalating worldwide financial mess altering your own career plans?

With concerns about the health of financial institutions growing by the day, even after massive government intervention using both central bank and taxpayer resources, job security is taking a severe hit even for those who still have jobs. What's more, compensation prospects for most financial market professionals appear to have taken a dive - not only in the short term (meaning bonuses for 2008 and 2009), but possibly over a multi-year horizon, as investment banks fall under the sway of bailout laws and heightened regulatory scrutiny that applies to commercial banks.

In view of all this, are you thinking about getting out of an embattled, and perhaps hobbled, industry?

And if you don't have a job at present - or are employed outside of finance but have been seeking to break in, or to break back in - is what's going on now prompting you to turn away from finance toward other career options?

If so, where would you aim?

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AUTHOReFinancialCareers News Insider Comment
  • ol
    old-RROCR
    4 November 2008

    If you are thinking of purchasing a franchise... DON'T.
    The sales hype is just a trick to separate you from your hard-earned money. Not only will you pay an outrageous upfront fee (aka, the Franchise Fee) these scam artists have found a LEGAL way around the 13th amendment (abolishment of slavery).
    Through contractual agreements you will be forced to buy everything from them and turn over your potential profits in the way of royalties...leaving you with nothing!!!
    Think I am kidding?? Test for yourself... Do the due diligence of buying an already exisiting and operating franchise operation. All owners are eager to sell their operation at a loss just to get out of it.

    Better to hire the pros to help you set up a business you already know AND LOVE. How do you know you love it? You lose track of time.
    Best of luck!

  • Ki
    Kim
    23 October 2008

    Mondo Challenge is a small charity looking for volunteers to work in Africa, Asia and South America. They run various programs from 1 month up to 1 year (www.mondochallenge.org). If I found myself out of work I couldn't think of a better way to use my time. And I would combine it with brushing up on some language skils which always gives you a competitive advantage.

  • Si
    Simon Winkie
    11 October 2008

    Finance, particularly in investment banking, is a cyclical industry. Hang in there if you can, when things turn around you'll be sitting pretty.

  • Ja
    Jay
    11 October 2008

    I would open a little dive bar on a beach somewhere far, far away from the prying eyes of this vulturous industry. Booze is always in demand and you can always count on repeat business.

    Down with homework!

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