Why did the chicken cross the road?
by Heat Recruitment
Why did the chicken cross the road? The age-old question which has baffled children, teachers, parents for centuries. Fortunately, before starting you job search there are some basic variables to consider.
There are many reasons why you may be looking to leave your current financial employer, but it is important to consider the following to avoid making a mistake.
The Job Itself
It sounds obvious but the most important thing to consider when searching for a job is the job itself. It’s often easy to take for granted the great bits about your current job when looking for something new. The initial reaction for some people when leaving a job is that their next employer needs to be the opposite to their previous employer, but this can lead to more problems down the line than it solves. Get into detail, and work out what it is in a new role that will make you happy and take your step in the right direction.
Are you looking for a ‘IFA’ position or a Trainee role with fast track progression, for example? Or perhaps a junior Paraplanner role? It sounds simple but when navigating the labyrinth of career routes out there, it can be easy to take a sideways step into a role that doesn’t get you any nearer to your career goals. It might be that you really enjoy the face to fact time you get with your current clients in your previous role, so will taking a step into management take about this enjoyable aspect of your job? Think carefully, so that your next steps leads to you enjoying even more of your job than you currently do.
It may not be that easy to find somewhere that ticks all the boxes but you at least need to know what the boxes are, are what your personal priorities are. Maybe a step into a more senior role would be perfect for you, but maybe you would enjoy working with a smaller team on a more specific project, or taking a step sideways into a different area so that you can move to a rural setting?
Again, it seems obvious, but if you find the perfect job, that ticks all the boxes but is on the other side of the city, would you take it? You may have travelled there at midday to interview, but have you considered the rush hour traffic or the change in public transport timetables? It’s also worth considering testing the water in some different locations.
London will always be the financial capital of the UK, but you need to find the perfect fit for you. Other cities will have some great opportunities for a financial professional, such as Hargreaves Lansdown and Lloyds Banking Group who both have headquarters in Bristol, so don’t underestimate locations outside of the capital. In some roles, especially IFAs, there is nothing wrong with being a big fish in a small pond as there will be an untapped markets, waiting for someone to jump into.
Although being a key factor in any career move, it should never be the driving force. It is likely when searching for a new employer that you will want to increase, or at least match, your current salary. It is likely that if you take a new position purely based on its monetary value, you won’t actually end up with the opportunity that you really want. If the salary is the be all and end all then you should consider asking your employer for a pay rise first.
It’s also worth thinking about what the cost of a higher salary is. It wouldn’t be the first time someone took a new job to find out that factoring in new travel costs, that they don’t have any additional income. That being said, it’s remarkable how many people are currently underpaid in their role if they compared their wage with that of a competitor. The goal of any new job should be to get paid more, to do even more of what you’re great at, and what you love.
So why did the chicken cross the road?
The truth is indifferent, what matters is that the chicken knew it wanted to cross the road and took the first step! How will you progress your financial career?
Mike Garrett is one of our specialist Recruitment Consultants for the financial services sector. Connect with him on LinkedIn here or call to have a chat on 0117 922 1771