Focusing Only on the Money Won’t Get You a Job

I see it over and over again – job seekers feeling confused and frustrated that they can’t find a job because they are only focusing on the money they will make.  While pay and benefits are important, they are not the only factors to consider when searching for a job.  You have to think about the sacrifices you will have to make, not to mention the workload and stress, that come along with high-paying jobs.  If your values and lifestyle do not mesh or you are not willing to do the work that is necessary then you will need to re-focus on finding a position that will fit and the look to see how you can set goals for how you will get there.

I once talked to a young man who is 29 years old and had worked his way up to the manager of a major, large retail chain.  He was preparing to interview for a district manager position and I have no doubt that he got the position.  In realizing his success, this young man was very focused on his career path and had taken the steps necessary to get where he was.   He reported that he had set career goals for himself at a very young age, 18, when he started working for the company and wanted to progress every two years; he would move into the “next step” and learn all he could so he was prepared for the next position.  While income was important to this young man, he felt that the learning and self-development opportunities were invaluable and motivating, as well as the ability to develop his employees to also move into management positions.

I think a good lesson can be learned from this story.   If you focus on your reasons for wanting to pursue your career path, aligning with your values, and setting clear goals for yourself can get you to the right job opportunity that can make you happy.  It will give you the purpose and the passion to work hard.  In time, the money will come!

Hot Career – Financial Planning

It is a misconception that there are no jobs “out there”, that people don’t have money or that businesses are going under.  I’m not painting a picture that jobs are plentiful and that people are having financial difficulties. But, the economic picture is looking up.   One career path that is worth taking a look at is in the finance and financial planning industry.  According to a report by Ceci Rodgers on BNET, financial planning services are increasing, in fact “booming”, and not on Wall Street.  She makes the following claims:

  • Independent Financial Advisors
  • Headcount through 2012: +6.8%
  • Asset growth for independent firms in 2009: +$50 billion
  • Institutional Financial Advisors
  • Heacount through 2012: -4%
  • Asset decline for Wall Street firms in 2009:  -$185 billion
  • (Source: Estimates from Cerulli Associates)

According to the statistics, confidence in large financial firms has faded, mainly due to activities of firms, such as Lehman Brothers.  It seems that those with money to invest are needing the services of financial planners but are feeling that small firms and practitioners are more trustworthy to handle their money.   A hot career path to consider is in the financial planning industry. As the Boomers age, and retire, they will be seeking out these services in large numbers.   A career in finance could be your ticket to a long-lasting and financially rewarding career.   You must like working with numbers and be knowledgeable about stocks, bonds, and investments but these call be learned.  Take the time to explore this career path, and companies that hire, to see if a career in the financial service industry is for you.