Archive for November 25th, 2011
Happy Thanksgiving Weekend! This time of year, people are back at home spending time with friends and families. Many of them are just relaxing. Others are students, taking a break from classes, before finals period. And there’s another group of people, that are using the break to apply to business school. They’re hoping next year that when they’re sitting at the table, they’ll be able to say that they’ll thankful for “getting in”. To make the a possibility for as many students as possible, I’ve been responding to lots of email questions this week. One question came from a reader that had a question about career changes in business school.
In a recent email, I was contacted by someone I met during my BeatTheGMAT.com online chat series. She asked me about career changes in business school. Specifically, about how to move into Private Wealth Management (PWM) from her current career track. She noted that she had moved away from the path that she had intended so she thought that PWM seemed like a longer shot.
I’l note that I didn’t recruit for the Private Wealth Management industry here at Kellogg. Likewise, I also didn’t recruit specifically in the finance industry. But I do know a fair number of people that did, and I do still have a few thoughts to share on the topic. See below for her question, and below that for my response.
Thank you so much for your time and for the suggestion. If its OK, I have one more formidable challenge in addressing my application. I am from an engineering background, with 3 years of experience in sales – financial products, insurance industry. I have a very good record in performance and was in the top 10 of the region consistently. However, due to a stalled career and little growth prospects… i got bored and due to lack of further personal and professional growth..clubbed with a mandatory topological relocation.. I took up the opportunity at a start-up..as a Strategy and sales consultant…and have done pretty well here.
My challenge here is that my interest is in Private Wealth Management, that cropped from my exposure to financial products while with my earlier company. But however, my present industry is Advertising and marketing… so my biggest concern is how do I relate my goals and interest to my present job and validate my interest in PWM?? because the shift in industry and job role isn’t realy easy to connect to my goals. My apologies for the long mail– I just thought U should get a more or less clear idea about my background..to get a good advice from you.
Any insightful suggestions would be much appreciated…
P.S: On a personal note, I’d also like to know what would u have done had u been in my shoes??
Thanks you in advance!
No problem on the email. Happy to help however I can. So if I interpret correctly, you spent some time working in the sales and marketing space and currently work for a startup, but you want to go into PWM. after business school Is that correct? If that’s the case, then even though you have a bit of work to do, the transition may not be as far fetched as you think.
Before, I jump straight into the question, I’ll point out that your diverse background is certainly not a bad thing. In fact, having a diverse background is often times a strong plus. It shows you can succeed in lots of professional environments, that you can work well with all different types of people, and that you have variety of skills and interests that could translate across a number of employers. And one of those employers could very well be in the private wealth industry.