Discover your dream Career
For Recruiters

View from the Bottom: I'm doing the CFA, but most of my colleagues think it stands for Country Fire Authority

The feelings of optimism I had at the start of the year have slowly vanished and I now regret how naïve I was back then. Six months into a very dull job and my motivation is at an all-time low.

However, there has to be something positive to come from this. My career strategy is not carved in stone, it is in a constant state of flux. If once my plan was to move interstate and wow everyone with my supposed talent, I have rapidly realised that this isn't going to happen, which means that at least I have become more realistic.

My employment in a Big Four bank in institutional operations has shown me several things which many people who visit this website have commented on. Playing office politics can be incredibly demoralising and this seems worse the larger the organisation.

Petty politics

It is a sad but true fact that many mid-level managers, especially in bigger firms, lack undergraduate qualifications and have achieved their present position solely by doing what we juniors now complain about for the past 10 to 15 years!

Because they laboured through these many years of "groundwork", they are often resentful, and unwilling to nurture upcoming talent who may be attempting to use their qualifications to climb the corporate ladder more quickly than them.

University itself doesn't teach you how to integrate and succeed in the real world. This knowledge is something you have to develop on your own: discover and refine your own style, and learn from your mistakes.

As a naturally extroverted person, I am starting to learn to curb my behaviour and enthusiasm and become "duller" to fit the mould of my back-office job. Otherwise I have found that I am too much of an easy target.

Should I stay or should I go?

So I want to leave my job because I don't fit in and I am not sufficiently challenged. But if I do, it's six months of groundwork wasted and I'll move into another organisation that has its own version of "office hazing".

This year has fast become the "groundwork" year. It is a catch-22 situation: waste your skills in a job going nowhere fast, or keep job hunting only to have to stay longer at the bottom. A manager recently informed me that my bank doesn't look favourably on internal transfer requests from people who have been in a department less than a year.

But 2010 isn't a complete waste. I completed CFA level 1 and while I don't actually need it much in my job, it is at least a cornerstone that I can build on.

CF what?

I have become aware of how little value is placed on postgraduate qualifications in this country. The fact that most of my colleagues think doing the CFA means I want to join the "Country Fire Authority" has been a humbling experience. Sadly, these people work in finance for a major financial institution!

There is a huge value to networking and I have recently toyed with the idea of undertaking an MBA to increase my skill set whilst creating networks for myself. But this means more study, more expense and more effort. And will the degree be valued by employers?

While I ponder all this I can at least tell you that it must be a better solution than sitting on my hands feeling sorry for myself.

Click here

to subscribe to our weekly newsletter.

author-card-avatar
AUTHORAnonymous Insider Comment
  • Lo
    Loryn
    10 October 2011

    Knokecd my socks off with knowledge!

  • Cu
    Cutejuan1983
    2 November 2010

    Nice to get some valuable points !

    I am thinking to take CFA, Level 1 However, I work for aged care sector now. I do not know my decision is right or not! It is quite right you have no choice to pick a sector at the early stage in your career.

    Feel regrate to come to Australia. I want to back to China !!!

  • Da
    David
    15 October 2010

    I don't really understand the comparison between the MBA and CFA as they are completely different qualifications. It is more of an equivilent qualification to a Master in Finance, although I would say they are more complimentary as I had many of my lecturers when doing the Master of Finance suggest that we did the CFA program as well.

    As for the claim that it was CFAs that caused the GFC, note that Alan Greenspan, Ben Bernanke, Henry Poulson and George W Bush all attended Ivy league schools. I am of the opinion that they all have significantly contributed to the mess that is the financial crisis, so saying that a particular program was to blame is a little short sighted.

    Personally I am of the opinion that while university education can be of great use such as having Jeffrey Sachs or Benjamin Graham lecturing you would be an incredible experience. The best education is from the school of hard knocks as life experience is the best learning you can get.

  • Se
    Serial Killer
    11 October 2010

    Whatever you do, don't use recruiters!

  • Os
    Oscar
    11 October 2010

    "six months of groundwork wasted"? This is typical Gen-Y "give it to me know" selfishness. Sit down, shut up, do your hard yards and move up the chain. Your self-obsessed whingeing will get you nowhere and you'll find that, after changing jobs every six months due to your impatience, you'll be 30, unqualified and have no continutity. All your mates will have good jobs.

    Get some perspective.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.