So this is bonus season again and despite how much you DON’T want to hear discussions about it, people talk about what they are getting, people express feelings of dissatisfaction or content, and people start thinking about other options.
Especially for young professionals who just entered the workplace in the past one or two years, this is a crucial question you might want to ask yourself: should I stay? Or should I go for another firm?
Wait ~~~7 Key Reasons to hold off jumping to somewhere else!
1. You have been there for no more than 6 months
You typically need 6-8 months to get used to a new job anyway. It is hardly a smart decision to leave already before you give yourself enough time to get comfortable with the day-to-day work.
I have kept blogs in a variety of places before and this is the first and only time the website sent me a stats summary with such details for the bygone year. For the constant thrive to optimize user experience and the degree of dedication, I want to first thank WordPress for offering me, and many other bloggers in this world, an intimate place to pursue our passions, to share our curiosities, and to develop a legacy.
I also want to take the opportunity to appreciate every one of you who has stopped by my blog over the past year. For those who have commented on my posts, cheered for me on my facebook walls, left a message to me on LinkedIn and Gtalk, followed me on Google Reader, or mentioned my blog to me face-to-face, I want to thank you for being my constant motivation and inspiration. Your encouragement means the world to me.
Started in mid-April 2010, the blog had 70 new posts and was viewed about 21,000 times over the course of 2010. Not bad for the first year I have to say. Thanks for sharing this with me.
Here are my Top Posts of the Year:
This was an introduction email on career opportunity that I have been waiting for. As I know most people are still struggling on how to effectively network and communicate, I figured it was a good idea to share the email and my interpretation with you.
I came across your profile on linkedIn while going through the ‘Business & Jobs New York’ group, and you came across as a great person to connect with. I am writing to you because I am really interested in joining the XXX Group at XXX Firm and would really appreciate getting some insights from your end. I have been making online applications to this group and nothing has come up so far.
To give you a brief overview of my background; I graduated from XXX College with a bachelors in Economics/computer science, joined XXX Bank prime brokerage group for over a year then XXX’s wealth management as a Client Service analyst for a couple of months. Thereafter I went to graduate school at XXX University where I received my masters in Financial Economics.
I would like to forward you my resume for critique and directives. Kindly let me know if you will be willing to assist me. Your advice and time would be invaluable.
Many thanks and I look forward to hearing from you.
Of course, this is a very articulate and well-written letter. Now, why do I have an incentive to write back to this person, among all others? Because he/she perfectly answered three big questions in my little head whenever I am reading such letters.
We have been hiring in our group and the resume screening process is kind of fun. I know there are many articles all over the place on how to write a perfect resume and I can tell many of the resumes I’ve seen have tried very hard to follow these rules. But then, what can possibly still go wrong?
1) What the hell is that experience on top of your resume?
Wharton MBA, 4.0 GPA, absolutely impressive. And all the other work experience only makes him more qualified for the job. Wait, but his most recent position for the last 8 months is in MUSIC PRODUCTION? It’s not that you can’t try something new about your life, but why is this RELEVANT TO THIS JOB that you’re applying? You can be a very artsy person or a super talented guitar player and that’s probably even a plus, and it could become a very entertaining topic at the interview. But it’s usually a BAD idea to put this in bold letters on the TOP of your resume applying for a job in a totally different industry, because people will have a REALLY HARD time making the connections.
Your resume represents who you are before you get a chance to convince anyone face-to-face. You want to make it REALLY EASY for the resume screeners to pick you.
2) Those two lines at the bottom of your resume
At some point you are going to ask yourself: Do I want to be a small fish in a big pond or a big fish in a small pond? It’s a tough decision.
A big fish in a small pond can be an attractive idea to everyone. Some headhunter called me again yesterday, another marketing/investor relations/client-facing position at another boutique fast-growing HF. More freedom, more flexibility, and more money: the rosy picture of the so-called “fast-track”.
I would by no means want to discourage those who want to really step up in their career, but before you get too much ahead of yourself, take a moment to think about the following:
Success here doesn’t promise your greatness there
You might be very good at a big firm, but chances are this it not because of who you are and what you are capable of (of course these matters big time too), but more importantly because of the training you get, the resources you have at your disposal, and the whole supporting platform that lies in every aspect of your work life.
I would like to share with you the most concise and brilliant answer to this question which I just learned this past weekend. I owe it to Mr. Xinjun Liang, the CEO and Vice Chairman of Fosun Group, and I agree with every single point of the 4 points he made below.
This is not about how much money you are making today or how much money you can make tomorrow. This is about if there are people out there having the money and having a belief in you, so that one day when you need to make a bigger decision about your career, i.e. start your own enterprise, you don’t need to worry about the initial funding.
I am not a recruiter myself but as our group finally started hiring again, I had the opportunity to sit on the other side of the table a couple of times recently. There are many articles out there on “must prepare interview questions”, “how to ace an interview”, etc, many of which are quite helpful. Yet what I want to focus on today is the fundamental questions an interviewer wants to answer during his/her conversations with you.
- Common Sense: Can you help me to make sense of your experiences?
You will probably say: everything is on my resume. That is not enough. You need to help the interviewer to “connect the dots” and to tell good stories so he will understand why you worked at A before, and then B, and then C. You also need to answer the questions of why you want to move from consulting to investment management, and why from SF to NY, and how your past experiences relate to what you are doing today and your future goals.
- Motivation: Is this what you really want for yourself, NOW?