For Financial Analysts: 6 Steps To Finding A New Job
- Date: 2008-06-01 - Word Count: 629
Share This!
The financial industry is cyclical and volatile. What if you are displaced from your position? It can be a challenge to think objectively at a time when the future suddenly becomes bleak and directionless. Financial analyst jobs can be difficult to come by when the industry is going through a shake-up.
Here is a six-step action plan to finding a new job. Notice that looking for a new job is last on the list.
1. Acceptance
Accepting reality is the first step so you can cast aside your resistance and resentments. This will you gain a clear perspective of the big picture. These emotions are understandable given the circumstances but they will get in your way if you want to move forward in your career.
2. Take a vacation
Allow yourself time to unwind from the tension and anxiety built up prior to the layoff. Look at it as a paid vacation. You've been working long hours and you deserve a vacation. You will be able to think better and more creatively when you are relaxed.
3. Design the life you choose to create
With your financial analyst job out of the way and 80-100 hours released to you each week, you will have the time and freedom to design the life you want.
What does the vision of your life look like? If you don't already have one, now is the time to create yours. Once you have decided on your life vision, make plans to deliberately create opportunities towards it.
Your life vision should cover all major aspects of your life. Here's a list of the main areas. Feel free to make your own list.
* Career
* Self
* Family and friends
* Relationships
* Health
* Wealth
* Fun
* Contribution
You may wonder why you need to include so many areas of your life when all you are looking for is a financial analyst job. These areas are all intertwined and inseparable. Each one of them will impact one or more areas in your life.
4. Assess where you are
Compare where you are now to your life goals. It is like finding the "You are here" sign on the shopping mall directory. This will help you gauge how far you are and the alternative routes that will take you to your destination.
If you are most recently an equity research analyst and you would like to move into hedge funds one day, how many ways can you get there? What skills do you need to acquire to qualify for the position? How do you build them into your next career move?
5. Develop your job search action plan
List up to ten specific measurable goals to complete within the next 30 days. Break down your larger goals into smaller steps and set a target completion date for each step.
If the supply of financial analyst jobs is slowing, explore options and alternatives to reach your career goals so you can build some flexibility into your action plan. This increases your chance of finding a position and still in line with your long-term career goals. For example, moving into buy-side equity analyst job or hedge fund research are both logical next steps for a sell-side equity analyst who aspires to become a hedge fund manager.
6. Take action: looking for a new job
I have placed this last on the job search action list because I believe it is necessary to first have a specific career goal before contacting the recruiter or networking with your connections in the field.
You must first know which direction you want to go, then you can articulate intelligently to the recruiters and potential employers what you want. No one wants to hire a desperate, panicky prospect who will accept any position just because.
Remember to review and fine tune your job search action plan weekly to help you monitor your progress. Follow up with purposeful actions.
Here is a six-step action plan to finding a new job. Notice that looking for a new job is last on the list.
1. Acceptance
Accepting reality is the first step so you can cast aside your resistance and resentments. This will you gain a clear perspective of the big picture. These emotions are understandable given the circumstances but they will get in your way if you want to move forward in your career.
2. Take a vacation
Allow yourself time to unwind from the tension and anxiety built up prior to the layoff. Look at it as a paid vacation. You've been working long hours and you deserve a vacation. You will be able to think better and more creatively when you are relaxed.
3. Design the life you choose to create
With your financial analyst job out of the way and 80-100 hours released to you each week, you will have the time and freedom to design the life you want.
What does the vision of your life look like? If you don't already have one, now is the time to create yours. Once you have decided on your life vision, make plans to deliberately create opportunities towards it.
Your life vision should cover all major aspects of your life. Here's a list of the main areas. Feel free to make your own list.
* Career
* Self
* Family and friends
* Relationships
* Health
* Wealth
* Fun
* Contribution
You may wonder why you need to include so many areas of your life when all you are looking for is a financial analyst job. These areas are all intertwined and inseparable. Each one of them will impact one or more areas in your life.
4. Assess where you are
Compare where you are now to your life goals. It is like finding the "You are here" sign on the shopping mall directory. This will help you gauge how far you are and the alternative routes that will take you to your destination.
If you are most recently an equity research analyst and you would like to move into hedge funds one day, how many ways can you get there? What skills do you need to acquire to qualify for the position? How do you build them into your next career move?
5. Develop your job search action plan
List up to ten specific measurable goals to complete within the next 30 days. Break down your larger goals into smaller steps and set a target completion date for each step.
If the supply of financial analyst jobs is slowing, explore options and alternatives to reach your career goals so you can build some flexibility into your action plan. This increases your chance of finding a position and still in line with your long-term career goals. For example, moving into buy-side equity analyst job or hedge fund research are both logical next steps for a sell-side equity analyst who aspires to become a hedge fund manager.
6. Take action: looking for a new job
I have placed this last on the job search action list because I believe it is necessary to first have a specific career goal before contacting the recruiter or networking with your connections in the field.
You must first know which direction you want to go, then you can articulate intelligently to the recruiters and potential employers what you want. No one wants to hire a desperate, panicky prospect who will accept any position just because.
Remember to review and fine tune your job search action plan weekly to help you monitor your progress. Follow up with purposeful actions.
Related Tags: job search, layoff, financial analysts, business analysts, financial analyst jobs
Corinne Lor is a success coach for professionals in the banking and finance industry. Visit Financial Analyst Blog to sign up for a free 7 day course. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are