It is really difficult to break into the securities industry. Years of study and hard work leads to success followed by a few more years of “paying your dues”. If you happen to realize that you are on the wrong track of your career, what will be your next move?
If you are working as a financial professional and not happy to be in that particular profile then you can shift to another field with little patience and hard work. In this article, JobMindz.com, India’s First Location Based Job Search Portal provides you 5 tips to help you in your career transition.
Shall be prepared to take a pay cut:
In order to make the jump, it’s mandatory to know from the start while pursuing a new career path and also need to take a cut in pay. For example, if a trader wants to become a new stockbroker and expect to get the same salary, it’s not possible. It will require a good amount of time and patience in order to build up a client base and assets.
Basically a successful career switch requires a lot of hard work and preparation. You don’t need to dive right away without being prepared.
Building your skills before you make the jump:
For your new career path, you will have to learn and study the required job skills if you genuinely, want to pursue a new field. For example, to study economics and personal finance a person might go back to school in order to become a financial advisor, or to become a trader, take options trading classes.
Being honest with your current boss:
After knowing the fact that you want to change careers you need to talk with your boss about the decision. For example, if you are a top-producing broker, your current boss won’t be excited after knowing that. If you can honestly upfront the reason for the change, then your boss will certainly understand your situation.
You just need to break the news and explain well the reasons of changing the career path. Interestingly, your boss might help you with your new career and also might have contacts that can be a great help.
Finding a mentor:
You need to find a mentor or someone to be on your side before making any switch in career paths as he/she can help you make the best decision. Someone with seniority can help you switch with much ease and comfort. It is always advisable to network with members of the targeted company before making such a big career decision.
Be prepared to work hard:
You’ll have to be prepared to work hard after switching your career field. If you are looking to transition into a new career you will have to come early and leave late in order to become proficient in the new job. You shall try to complete any personal tasks in order to start the new position. You might need few distractions and stresses as possible in order to polish your hidden talent.
For more information visit: www.jobmindz.com or give a missed call to 080-68180777.