I graduated from college in 2008 with a BBA degree in Finance and a minor in Engineering. I walked the stage with honors and expected to land a job in my field with ease. Little did I know that The Great Recession was eliminating finance positions left and right. Banks were filing bankruptcy, investment companies were going belly up, and people were taking their money out of the market in fear. The fact was that there was little hope for me to find a job in finance in 2008.
For four years I found work within large companies, but I could never seem to land a job in finance! Finally, it happened. In July of 2012 I was hired as a new Financial Analyst for a large company in West Michigan. I am very happy with this current job, and actually, since I have such a passion for it, I am picking up on everything quite rapidly and am selected for many special projects. I am beginning to get noticed for my analytical skills, both within our company walls and outside of them as well.
I recently received a curious email, one that I was not prepared for. It was from a recruiter in the Chicago area. They had heard about my abilities in Finance and wanted me to consider working for them as their Head Financial Analyst. I would report directly to the Chief Financial Officer and earn an immediate salary of $90,000 per year (which is a considerable amount more than I am earning today). I considered this offer for a brief moment, but ultimately turned it down.
“Why would you turn down such an amazing opportunity?” you might ask. Let me explain my reasons.
In order to find my first job, I traveled 1,400 miles away from my family and friends, and only recently was I able to return and work locally in West Michigan. Since my wife just left me (and divorced me), I’m beginning to realize just how important my family is to my everyday life! If I moved to Chicago, I would be limited to seeing them on the weekends, which would leave me lonely and miserable for the other 5 days of the week.
While I don’t earn $90,000 per year at my current job, the benefits are excellent. 401(k) matches, stock options, bonuses, and a very reasonable insurance plan blows pretty much every other company out of the water in this category.
3) Education Assistance
My current company is assisting me financially to further my education in business. By the end of 2013, I’ll have my MBA and will be ready to advance within the company. There are fewer and fewer companies out there that are willing to support their employees in this way anymore.
4) Opportunities for Advancement
If I started somewhere new, I would have no idea where I stood within the company. Would they want to mold me and grow my skills to move up in the company, or would they rather I just master the position they give me and work it for the rest of my life? I know for a fact that I’m being molded for advancement within my current company. My mentor is the VP of Finance and there are many opportunities opening up in the future (especially with my MBA).
5) Honesty and Integrity
The company I work for is honest and open when it comes to doing business. They produce a quality product, but have aspirations that extend far beyond the production floor. They help communities all over the world and do it with class, not asking for public recognition or affirmation. In short, I’d say that my values align very well with my company, which would make it exceptionally difficult to leave.
How About You?
What if you got a job offer from another company that would give you a much larger salary and a more prestigious title.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.