If there life after banking...

Posted By: Anonymous

If there life after banking... - 11/06/03 11:05 PM

Banking is getting crazy...any suggestions to alternate careers?
Posted By: Andy_Z

Re: If there life after banking... - 11/07/03 09:03 AM

The armed forces are looking for people. You must be willing to travel though.
Posted By: Anonymous

Re: If there life after banking... - 11/07/03 12:46 PM

I understand there is a big demand for javelin catchers.
Posted By: Andy_Z

Re: If there life after banking... - 11/07/03 03:21 PM

Quote:

I understand there is a big demand for javelin catchers.




Do they have a health plan?
Posted By: Anonymous

Re: If there life after banking... - 11/07/03 03:35 PM

Yea. It's a two-part plan. The first part is called Blue Shield. Your premium is based on your ability to maneuver it quickly. If the Blue Shield fails, then part two, Blue Cross comes into play. They place it firmly on your grave.
Posted By: Brandy Osborne

Re: If there life after banking... - 11/07/03 03:37 PM

hahaha that's a pretty good description of it!
Posted By: Retired DQ

Re: If there life after banking... - 11/07/03 03:51 PM

Quote:

Yea. It's a two-part plan. The first part is called Blue Shield. Your premium is based on your ability to maneuver it quickly. If the Blue Shield fails, then part two, Blue Cross comes into play. They place it firmly on your grave.




LOL!
Posted By: Anonymous

Re: If there life after banking... - 11/07/03 03:53 PM

The interesting thing about a banking career is that, generally speaking, it doesn't prepare you for other types of careers, so you often have to re-start in another industry, versus getting credit for years of banking experience.

I would not recommend a banking career to another at this time. The chances of ending up on the street (merger/sale) are way to high and that can happen 2-3 times, not just one time.

Go into police or fire work - retire in 20 years.
Posted By: Anonymous

Re: If there life after banking... - 11/07/03 05:03 PM

What a unique idea. A police officer with banking knowledge would be a prime catch for a big city police department.

Seriously, you did not say what you do in the bank, but there are a lot of great opportunities out there in the nonbank financial services industry, and banking knowledge would be a great asset in almost any of them.
Posted By: E.E.G.B

Re: If there life after banking... - 11/07/03 06:47 PM

Concur - some of the ones I can think of off the top of my head are consultant, insurance, other types of lenders (ie, auto finance co). And there's also government - the regulators like to recruit from the banker pool, as you have great hands-on practical knowledge of the ins & outs of the industry. FBI and Secret Service also occasionally hire bankers (if you can get into their programs) to help with financial crime investigation.

There's always setting up shop for yourself too, in the consultant game, or in one of the million home-based businesses.
Posted By: Anonymous

Re: If there life after banking... - 11/07/03 08:51 PM

Quote:

What a unique idea. A police officer with banking knowledge would be a prime catch for a big city police department. Seriously, you did not say what you do in the bank, but there are a lot of great opportunities out there in the nonbank financial services industry, and banking knowledge would be a great asset in almost any of them.




It's true, there are a lot of opportunities out there, but receiving value for your banking experience is the problem, as very few industries consider banking experience to be high on the value list, of course, depending specifically on what you done while in banking. You will rarely receive a dollar for dollar "transfer" to another industry, unless you follow someone that is in tune with your value.

Bankers lead a sheltered professional life with no payroll to meet, generally no real goals to attain, just put in the hours - take up the space. Banking is far from rocket science with most bankers (low and mid level) having a lot of extra time to, say, post of BOL.
Posted By: Don_Narup

Re: If there life after banking... - 11/09/03 12:33 AM

There is life after banking. It may take a year or so to find it, as it takes that long to get a good frame of mind back.

Just because you spent a long time in banking doesn't mean you will be a good consultant. If there is something you enjoy doing, see if you can turn it into a business. If you like to make furniture as a hobby why not become a custom furniture builder. If you like to sew or knit or needlepoint try being a distributor, or finisher, if you are a PC guru try developing some utility programs that you think banks can use. What ever you enjoy is a good place to start looking for an after life.

Beside the usual financial stuff, if you want to start your own business here are a few tips.

Start planning now.

Stop being a pessimest and only see the down side of opportunities.

Believe in what you are doing. Don't play at it

Don't start if you cannot give the project your full time attention.

Climb out of the 20 year rut and take a good look at things from a more elevated position. Amazing what you will see, especially after you take the banking blinders off

You have to learn how to work without the corporate cocoon around you, and be disciplined enough to not let things slide.

Work to achieve a success. Sucess will not happen unless you make it happen. It does not automatically happen just because you show up or have a good idea. Set personal goals.

Only look ahead, the banking career is in the past. Memories of past sucesses are just that memories.

What ever the business needs if you can't pay cash for it don't buy it until you can.

Do not be afraid to fail. You learn more from failures than you do from sucesses. Take the lesson and press on.

Have a spouse that supports you 150% and provides lots of encouragement especially on those bad days you will inevitably have.

What ever you do don't sit and look at the wall, get up and do something, you never know where it will lead.

From a small desk in a spare bedroom and an antiquated PC I created a company that has provide various services to several hundred banks on a nationwide basis, We grew out of the spare room long ago. Is there life after banking there certainly is for me. Impotantly its been a happy and most satisfying experience because we all enjoy what we do, and derive a lot of satisfaction from the personal association we have with our customers.




Posted By: Anonymous

Re: If there life after banking... - 11/10/03 05:08 PM

The Don Narup scenario is the exception, not the rule when it comes to thinking that you can come up with a niche that will produce a living wage from banking clients. It requires a lot of entrepreneurial qualities that are not encouraged or developed through the banking experience.

I suspect that Don always had those qualities and skills with the banking experience only supplying the product. Most bankers do not have entrepreneurial skills.
Posted By: DawgFan

Re: If there life after banking... - 11/10/03 05:49 PM

Anon, with all due respect, I don't think Don's post was focused specifically on making a living wage off of banking clients as opposed to success in general as an entrepreneur. I disagree with you on the statement about bankers not having entrepreneurial skills. I think most people do have those skills, they just place limitations on themselves.
Posted By: Anonymous

Re: If there life after banking... - 11/10/03 06:01 PM

Quote:

Anon, with all due respect, I don't think Don's post was focused specifically on making a living wage off of banking clients as opposed to success in general as an entrepreneur. I disagree with you on the statement about bankers not having entrepreneurial skills. I think most people do have those skills, they just place limitations on themselves.




Disagreement is OK with me, and respect is optional, but thinking that bankers generally have entrepreneurial skills is bordering on delusional. Also, most people in the general population don't have those skills. To suggest that there is a vast pool of latent entrepreeurial talent out there is way over the top.
Posted By: DawgFan

Re: If there life after banking... - 11/10/03 06:15 PM

Well, I am glad that someone's finally been able to peg what's wrong with me. I mean, I always thought I was delusional, but it's so hard to get a clear picture of who you really are. So how exactly did this country get here (and how does it continue to prosper) if not for an entrepreneurial spirit, combined with hard work? Sure, you are probably not going to have that spirit cultivated in most banking jobs, but that doesn't mean that it doesn't exist, to one degree or another, in everyone. How it manifests itself differs from one person to the next. Just some thoughts.
Posted By: Retired DQ

Re: If there life after banking... - 11/10/03 06:18 PM

Life after banking? Didn't know there was a life during banking!
Posted By: SanibelGal

Re: If there life after banking... - 11/10/03 06:25 PM

Quote:

Well, I am glad that someone's finally been able to peg what's wrong with me. I mean, I always thought I was delusional, but it's so hard to get a clear picture of who you really are.




I know the feeling!
Posted By: incandescent

Re: If there life after banking... - 11/10/03 07:52 PM

The E spirit just isn't in the banking world, generally speakly.
Posted By: Bob McComas

Re: If there life after banking... - 11/10/03 10:33 PM

Quote:

I can think of off the top of my head are consultant


Works for me! Set your own schedule, work for yourself, have a lot of fun, meet a lot of really great people (BOLers of course), and make a nice income without the ......politics.
Posted By: Sinatra Fan

Re: If there life after banking... - 11/10/03 11:36 PM

Quote:

Life after banking? Didn't know there was a life during banking!




Amen, sister, amen.
Posted By: Anonymous

Re: If there life after banking... - 11/10/03 11:57 PM

Quote:

Well, I am glad that someone's finally been able to peg what's wrong with me. I mean, I always thought I was delusional, but it's so hard to get a clear picture of who you really are. So how exactly did this country get here (and how does it continue to prosper) if not for an entrepreneurial spirit, combined with hard work? Sure, you are probably not going to have that spirit cultivated in most banking jobs, but that doesn't mean that it doesn't exist, to one degree or another, in everyone. How it manifests itself differs from one person to the next. Just some thoughts.




I'm happy to be of assistance! Now you have a clear picture. This country was started by those with the spirit, but most people a just worker bees, including worker bee bankers by the thousands, that follow a well torn path.
Posted By: Kathleen O. Blanchard

Re: If there life after banking... - 11/11/03 03:15 AM

Anon, regarding this comment:

"Bankers lead a sheltered professional life with no payroll to meet, generally no real goals to attain, just put in the hours - take up the space. Banking is far from rocket science with most bankers (low and mid level) having a lot of extra time to, say, post of BOL. "

Can I get a job at that bank? I usually work no less than 50 to 60 hours a week and that has been for many years. And we do have budgets to meet, payrolls to keep within budget restrictions set to meet profitability, net interest margin, ROA, ROI, ROE goals that allow us to remain competitive and stay in business.

Posted By: mrenderman

Re: If there life after banking... - 11/11/03 04:01 PM

Quote:

Life after banking? Didn't know there was a life during banking!




I think that is one of the most true comments that I have heard in a really long time.
Posted By: RBanker

Re: If there life after banking... - 11/11/03 06:03 PM

I personally feel very prepared for life after banking - I have led sales programs, sold insurances products, approved loans, been a manager, opened new offices, hired/evaluated/(and once or twice)terminated staff/have been a full-time teacher (trainer), etc - there are hundreds of possibilities out there for me - however, banking is where my comfort zone is right now, so.... am I crazy to still be here? Nope - because I am happy!!!! - and that's hard to put a price tag on!!!
Posted By: La. Lady

Re: If there life after banking... - 11/12/03 02:57 PM

Life after banking????? How about retirement? One that is filled with love, health, and happiness.

Posted By: Anonymous

Re: If there life after banking... - 11/12/03 04:08 PM

Quote:

Anon, regarding this comment:
Can I get a job at that bank? I usually work no less than 50 to 60 hours a week and that has been for many years. And we do have budgets to meet, payrolls to keep within budget restrictions set to meet profitability, net interest margin, ROA, ROI, ROE goals that allow us to remain competitive and stay in business.





It's nice for management that you have taken on all those goals yourself, but unless you are part of senior management those are not your goals, just delegated goals. My compliments to your management team for being able to create the illusion that you also have those goals as a worker bee. But all you are is a worker bee on a well torn path.
Posted By: DawgFan

Re: If there life after banking... - 11/12/03 05:10 PM

Why the dreary, depressing outlook on things?
Posted By: Anonymous

Re: If there life after banking... - 11/12/03 05:28 PM

Quote:

Why the dreary, depressing outlook on things?




Reality has no feeling, so if you view this as a depressing outlook, you are not dealing with reality as it is. If it's not your reality, it doesn't concern you, so there is no need to comment.
Posted By: Skittles

Re: If there life after banking... - 11/12/03 05:43 PM

Posted By: Anonymous

Re: If there life after banking... - 11/12/03 07:18 PM

Quote:






Repeat after me:

REALITY HAS NO FEELING!

Posted By: obx nut

Re: If there life after banking... - 11/12/03 07:23 PM

I'd say that "anonymous" has no feelings......how sad to resort to that kind of life.
Posted By: Don_Narup

Re: If there life after banking... - 11/12/03 07:48 PM

Reality is Feeling, Not feeling is Denial
Posted By: E.E.G.B

Re: If there life after banking... - 11/12/03 08:08 PM

Quote:

Reality is Feeling, Not feeling is Denial




Or living life anonymously.
Posted By: DawgFan

Re: If there life after banking... - 11/12/03 08:51 PM

Quote:


Repeat after me:

REALITY HAS NO FEELING!






Actually, Anon, I agree with you that Reality has no feeling. In and of themselves, facts are facts. But humans do not live only in a world of facts. If they did, life would be boring and very machine-like. I think that is the entire premise of this thread. The facts say otherwise, but determination and challenging the status quo are part of human nature. It's why we have America in the first place. Reality says that no group of Colonists can survive the cold, hard winters. They did, and succeeded. Reality says it's crazy to challenge the British Empire. It was done, and successfully. Just a thought.
Posted By: Anonymous

Re: If there life after banking... - 11/12/03 08:52 PM

Quote:

Quote:

Reality is Feeling, Not feeling is Denial




Or living life anonymously.




90% of the "registered" users are anonymous, Brigette. What is your last name, email, company, etc. At least you put your first name on your profile...many don't even do that.
Posted By: Anonymous

Re: If there life after banking... - 11/12/03 09:10 PM

Quote:

Quote:


Repeat after me:

REALITY HAS NO FEELING!





Actually, Anon, I agree with you that Reality has no feeling. In and of themselves, facts are facts. But humans do not live only in a world of facts. If they did, life would be boring and very machine-like. I think that is the entire premise of this thread. The facts say otherwise, but determination and challenging the status quo are part of human nature. It's why we have America in the first place. Reality says that no group of Colonists can survive the cold, hard winters. They did, and succeeded. Reality says it's crazy to challenge the British Empire. It was done, and successfully. Just a thought.




You've, once again, missed the point - Reality has no feeling - other than the feeling the you elect to give it and at any time you can elect to give it some other feeling - but reality continues to be reality, regardless of how you elect to "feel" about that reality. It's the feeling part that causes all the pain in life, professionally and personally. Reality does not say a thing, it just is and if it's your highest purpose to live with reality to achieve a worthly goal, that is what you do, but that does not change reality - although you may change your view of reality through a willful experience.

Reality is always right.

I heard a true story about a woman who lived in a San Francisco apartment and left a suicide note there. The note was found by police after her death.

The note said that she was going to walk toward the Golden Gate bridge and if no-one smiled at her along the way she was going to jump off. And jump off she did.

At the level of existence where it appears that we make "choices," the universe is a responder. It responds to us; it is a perfect mirror of us. The universe was waiting for her to smile; then it would smile back. It has to, because it is we ourself—part of the same process, like the turning of the earth that produces both night and day.

"The flying geese have no mind to cast their shadow; the water has no mind to give its reflection." —Zenrin

Existence is a mirror. Whatever vibration we're putting out gets reflected back to us. If we smile at others, they smile back. If we scowl at others, they scowl back. If we're in love with the universe, we feel loved back. It all happens instantaneously.

In that respect I disagree with the idea of karma. Karma exists, in my opinion, but it happens instantaneously. It is always paid off at the instant the debt is incurred. The very act of being brutal to someone shapes us, molds us in that very moment to who we are. The act of being kind to someone also shapes and molds us—and our experience of life—in the very process of being so.

Everything we do has an instantaneous feedback inside of us that not only shapes and molds who we are, but deeply affects how we feel about life. As part of that process, it affects our view of the world. And of course, our view of the world is the world that we get to live in.

Nothing above is meant to make, say, a cancer victim feel guilty. This is not a "We create our reality" kind of thing. "We" don't even exist as a personal something; with what are "we" going to create?

No, it's more subtle than that. Essentially, everything we do is controlled by how we "choose" to see it. At the deepest level everything is being done by the one energy and there are no "choices" whatever, but at the level where we appear to be personal beings making "choices," the really core choice is how we choose to experience what happens.

That in turn has a lot to do with surrender. It has a lot to do with acceptance, love, gratitude for this existence just as it is, in all of its splendid and necessary duality. Even the duality doesn't actually exist, but to our human minds it appears that existence contains endless duality—good and bad, beautiful and ugly, up and down, light and dark, summer and winter, on and on.

When we love and accept the world as it is, we are loving and accepting ourself at the same instant. Because there is no separation—the world is us, we are it, it is us, it is itself—"choose" your phrase.

So, if you are feeling dissatisfied with your life or your current situation, "try" asking yourself these questions: Who do you think is running the show? Where do you think your real security is coming from? Do you trust it/you or not?

Of course, if you realize your own non-existence, the whole issue of security immediately goes out the window. Because who is it that's supposed to be made secure? The question becomes unanswerable, because you forget to be concerned with asking it.

Again, this doesn't mean that we don't "take action." We might very well be a whirlwind of action, but we also see that there's nobody doing anything. It's all just happening, by itself, as itself.

Reality becomes awake to itself when we become awake to it. We, as it, are also the vessel through which "it" moves.
Posted By: Don_Narup

Re: If there life after banking... - 11/12/03 09:25 PM

Absolutely none of this has any bearing on the topic, and once again this person who really isn't anonymouse to anyone who has been on BOL for awhile spews forth.

You do have your sucesses R.
Posted By: Anonymous

Re: If there life after banking... - 11/12/03 10:14 PM

Quote:

Absolutely none of this has any bearing on the topic, and once again this person who really isn't anonymouse to anyone who has been on BOL for awhile spews forth.
You do have your sucesses R.




Don - now you are trying to control what happens on the couch? When it comes to the couch, the subject may not be the subject at all. Stick to what you know.
Posted By: thomasj

Re: If there life after banking... - 11/12/03 10:31 PM

Quote:

90% of the "registered" users are anonymous, Brigette. What is your last name, email, company, etc. At least you put your first name on your profile...many don't even do that.




Quote:

Don - now you are trying to control what happens on the couch? When it comes to the couch, the subject may not be the subject at all. Stick to what you know.





"Everybody loves Raymond!"

Maybe you should go back on your meds and watch one of those Arizona sunsets Ray.....
Posted By: Kathleen O. Blanchard

Re: If there life after banking... - 11/13/03 01:14 AM

"It's nice for management that you have taken on all those goals yourself, but unless you are part of senior management those are not your goals, just delegated goals. My compliments to your management team for being able to create the illusion that you also have those goals as a worker bee. But all you are is a worker bee on a well torn path."

Actually, I am management. But I got there because I always cared about my work and have always worked hard. And if I wasn't rewarded, I moved on to a place that would reward my hard work. When something has my name on it, it is going to be done to the best of my ability.

I think you do need to get your prescription refilled. Or at least get into another line of work, if you are in banking. You are totally burned out and over it. Time to move on.

Posted By: JacF

Re: If there life after banking... - 11/13/03 04:10 AM

Quote:

Existence is a mirror. Whatever vibration we're putting out gets reflected back to us. If we smile at others, they smile back. If we scowl at others, they scowl back. If we're in love with the universe, we feel loved back. It all happens instantaneously.

In that respect I disagree with the idea of karma. Karma exists, in my opinion, but it happens instantaneously. It is always paid off at the instant the debt is incurred. The very act of being brutal to someone shapes us, molds us in that very moment to who we are. The act of being kind to someone also shapes and molds us—and our experience of life—in the very process of being so.


How true...
Posted By: Anonymous

Re: If there life after banking... - 11/13/03 03:21 PM

Quote:


Actually, I am management.

I think you do need to get your prescription refilled.





But not SENIOR management and it's a lot easier to take on goals that are not directly assigned to you.

The second statement is the calf path, following the lead of posts above your, all of which I don't understand, but I do recognize the source.
Posted By: Kathleen O. Blanchard

Re: If there life after banking... - 11/13/03 05:06 PM

I am ending this now because it is a waste of time. I am an SVP, but you wouldn't know that would you.
Posted By: Peepers

Re: If there life after banking... - 11/13/03 06:13 PM

You go Kath.

Someday I’ll be a SVP, but right now I’m just a lowly Assistant VP (or worker bee in Anon’s world).

Actually, I didn’t have much to add to this thread, as entertaining as it is though.

I really just wanted to get my 100th post.
Posted By: Kathleen O. Blanchard

Re: If there life after banking... - 11/13/03 06:53 PM

Congratulations on your 100th post! I too was a lowly worker bee once upon a time (but a hard working worker bee), now I am an overworked senior manager..a bigger bee! But I still like banking!
Posted By: Anonymous

Re: If there life after banking... - 11/13/03 08:13 PM

Quote:

I am ending this now because it is a waste of time. I am an SVP, but you wouldn't know that would you.




Well, here we have it - a Queen Bee!

But, since this is about life after banking, keep in mind that come the first sharp drop in temperature and frosts the old queen, her workers and the independent drones will die. Only the newly mated queens will survive in hibernation to begin the cycle again the following Spring.
Posted By: SMQ, CRCM

Re: If there life after banking... - 11/13/03 09:29 PM

Hey Kath, just passing through, I heard that R.. fellow was acting up again and I had to see for myself, kinda like a wreck on the side of the road--you really don't want to know, but you just can't help yourself. Anyway, drop by the WC and I'll buy you a VUD, maybe Mr. Clean will whip up some new snacks for us.
Posted By: Risk Officer

Re: If there life after banking... - 11/13/03 09:30 PM

Ray, while I wouldn't dream of suggesting that you stop your irrational, ridiculous and mostly annoying posts, you might consider avoiding the direct attacks on people. You might even consider getting some help (or medication) to help your outlook on life. Just a thought...
Posted By: Kathleen O. Blanchard

Re: If there life after banking... - 11/13/03 10:16 PM

That is sort of how I felt about it! You just keep looking 'cause you just can't believe it. Fortunately I am feeling quite mellow as I just returned from vacation. Dawn would have liked it because we drank a LOT of wine!
Posted By: Anonymous

Re: If there life after banking... - 11/13/03 10:32 PM

Quote:

That is sort of how I felt about it! You just keep looking 'cause you just can't believe it. Fortunately I am feeling quite mellow as I just returned from vacation. Dawn would have liked it because we drank a LOT of wine!




Mellow, Oh No, that's how the old queen bee feels during the first cold days of winter!

By the way, there is more than one anon posting here, so ID is way off the mark. Although, it probably would be best if you get off the couch and go over the the Watercooler or take care of some business.
Posted By: Risk Officer

Re: If there life after banking... - 11/13/03 10:40 PM

Quote:

By the way, there is more than one anon posting here, so ID is way off the mark. Although, it probably would be best if you get off the couch and go over the the Watercooler or take care of some business.




You mean there is more than one anon with R's outlook, attitude, and style? Noooooooooooooooo!!
Posted By: Anonymous

Re: If there life after banking... - 11/14/03 12:15 AM

Quote:


You mean there is more than one anon with R's outlook, attitude, and style? Noooooooooooooooo!!




There are thousands, possibly millions. Whoever "R" is, he's our leader and possibly the smartest person on the planet.

Posted By: Retired DQ

Re: If there life after banking... - 11/14/03 03:18 PM

Quote:


There are thousands, possibly millions. Whoever "R" is, he's our leader and possibly the smartest person on the planet.




Oh brother...
Posted By: Anonymous

Re: If there life after banking... - 11/14/03 04:44 PM

An old man, a boy and a donkey were going to town. The boy rode on the donkey and the old man walked. As they went along they passed some people who remarked it was a shame the old man was walking and the boy was riding. The man and boy thought maybe the critics were right, so they changed positions.

Later, they passed some people that remarked, "What a shame, he makes that little boy walk." They then decided they both would walk! Soon they passed some more people who thought they were stupid to walk when they had a decent donkey to ride. So, they both rode the donkey.

Now they passed some people that shamed them by saying how awful to put such a load on a poor donkey. The boy and man said they were probably right, so they decided to carry the donkey. As they crossed the bridge, they lost their grip on the animal and he fell into the river and drowned.

The moral of the story?
If you try to please everyone, you might as well...

Kiss your a** good-bye.
Posted By: DawgFan

Re: If there life after banking... - 11/14/03 07:32 PM

I like that!
Posted By: Anonymous

Re: If there life after banking... - 11/17/03 03:43 PM

Sorry for being the original Anonymous to post this thread that created such spirited feelings and debates...

I was having a bad week and thought I could post the question for a stress release...the good news is that I just came back from vacation and feel great...

who would have thought... 3:16
Posted By: reinkesd

Re: If there life after banking... - 11/19/03 09:27 PM

Original Anon - glad to hear your vacation perked you up.

In the spirit of the original post I'm going to add my two cents.

I've been in banking since I was 16 yrs. old. Started as a junior in high school on a co-op job doing data entry. I've been in Operations, Lending, Retail and now Electronic Banking so I've seen a lot over the past 20 years.

And, I've been looking for one of those industries that could use my experience, with no luck.

I'd like to try something different, some type of spin off, just haven't found the right one yet. What's really sad is that I wanted to be in graphic arts and photography. I've had people say it's not too late, but once you have a family and financial obligations you can't just quit and go back to school.

So, I'll keep looking for that ideal career, one that will allow me to be more creative, use my experience, and try a new challenge.

Hope the post vacation buzz lasts longer than a few days.
Posted By: IUalum

Re: If there life after banking... - 11/20/03 04:40 PM

OMG, reinkesd! I think we're twins separated at birth!! I started at 18 and have been in banking for almost 20 years, and like you, I've worked in virtually every department imaginable. I never expected to be locked into this career because I wanted to go into art and photography as well. How weird is that! So if you find some new whiz-bang job involving art/photography/banking, let me know about it!
Posted By: Anonymous

Re: If there life after banking... - 11/20/03 05:31 PM

I'm thinking web development for banks. That would involve the graphic piece. Or marketing, haven't tried that department yet!

Too funny on the parallel careers!! OMG!
Posted By: reinkesd

Re: If there life after banking... - 11/20/03 05:33 PM

OOPS - Last Anon was me, forgot to login. Hate it when that happens!
Posted By: Anonymous

Re: If there life after banking... - 11/20/03 05:47 PM

You people are finally getting the point - there is no life after banking, generally speaking, with a re-start in any other industry required, e.g. salary, benefits, etc.

As for providing services or a product to the banking world, that would be difficult - at best - and most bankers are not cut out to go it alone, especially with the refrigerator in the next room. Let's face it, don't let your kids grow up to be cowboys or bankers!
Posted By: reinkesd

Re: If there life after banking... - 11/20/03 07:15 PM

OUCH! You're obviously not a banker! Are you trying to say we're soft?
Posted By: Don_Narup

Re: If there life after banking... - 11/20/03 09:31 PM

The most frustrating part of what I am reading here is some of you won't even try.

A lot of you are very talented,and creative. Please don't accept automatic defeat because someone else says you will be. When I first started my peer group snickered and smirked, but it wasn't long before a lot of them started calling and asking for a job. Is it for everybody, no, but the few of you that dream can make it happen.

There is another thread where people are sharing Recipes. See how many hits that thread has. Can you put a Bankers Cookbook together using your art and photographic skills? There are many PC software programs that allow you to create a book. It then is just a question of taking it to a printer. One book leads to another, and you have a business.

Posted By: Anonymous

Re: If there life after banking... - 11/20/03 11:43 PM

Quote:

OUCH! You're obviously not a banker! Are you trying to say we're soft?




Yes, you are part of the soft underbelly of the working world, just waiting for the axe to fall.

A story from October 2002:

When Robert L. Phillips left his job as regional manager for copying giant Savin Corporation to work for a start-up, he always believed he could return if things didn't work out. After all, Phillips had started as a street salesman and finished as a key national accounts manager for Savin.

But 10 months ago, when the start-up folded, Phillips realized corporate America didn't want him back -- at least, not now. Forty weeks later, at 54, the North Andover resident is still pounding the pavement, this time looking for work.

"You want to see how depressing it is, go to a job fair. You wouldn't believe the number of guys in BMWs pulling up and asking how things look," said Phillips, who is divorced and has a 7-year-old daughter.

Phillips even went to a hotel recently to inquire about a job. "I told them I would do everything but bathrooms," said Phillips.

To get by, he cracked open his retirement, paying severe taxes and penalties for claiming the money before retirement age. If companies do not begin hiring managers soon, Phillips believes he might have to take an entry-level job and start climbing the professional ladder all over again.

"It's called getting in the door," Phillips said.

The recession, which two years ago began in technology-related manufacturing, has since spread to general manufacturing, tourism and financial services. While much of the attention on layoffs has zeroed in on production workers, more and more of the blood-letting is hitting middle and upper managers, according to new labor statistics.

White-collar workers are often better educated and better-equipped financially to recover from the loss of a job, but many, like Phillips, face a job market that is more unforgiving for midlevel executives than it is for the rank-and-file.

"It's practically impossible for those people to get re-employed right now. That in-between level is really getting squeezed," said Elaine Varelas, managing partner for business development at Keystone Partners, a Burlington-based outplacement firm.

The squeeze is happening nationally, said John Challenger, chief executive officer for the national outplacement firm Challenger, Gray & Christmas.

In its August employment report, the U.S. Department of Labor's Bureau of Labor Statistics reported that 1.5 million Americans had been jobless for 27 weeks or more, an 81 percent increase from a year ago. The percentage of those workers who claimed their previous jobs were "managerial" or "professional" in nature -- or related to technical, sales and administrative support -- was 48 percent, the highest proportion since the Bureau began tracking in 1982.

"It looks to be that the share of long-term unemployed persons who are in white-collar occupations is substantially higher," noted Randy Ilg, a BLS economist.

Ilg, who says the Labor Department can only speculate about why white-collar workers are remaining unemployed, nonetheless finds it disturbing.

Not only does it suggest many displaced workers may be nearing the end of their unemployment assistance and savings, it also suggests consumer spending, which had been one of the economy's bright spots until recently, may be headed for a fall. To the extent high-wage, white-collar workers are the ones remaining jobless, the impact on sales of other companies' products and services could be all the more significant.

"The continuation of prolonged joblessness may be the straw that finally breaks the back of consumer spending," Challenger said.

The exact number of jobless, white-collar workers locally is difficult to track because states like Massachusetts do not keep tallies of workers who have stopped looking for work or separate white-collar workers from others. But the proportions are not likely that different from the nation as a whole, said Eliot Winer, chief economist for the Massachusetts Department of Employment and Training.

Outplacement specialists, who are on the front lines of helping the unemployed find new jobs, have noticed.

"I do see a shift in that we are getting a lot more white-collar workers," said Ann Shaw, workshop coordinator for the ValleyWorks Career Center in Lawrence and Haverhill.

"Because a lot of these people worked for the same company for 20 years, for 15 years, they are out of the loop when it comes to having up-to-date skills on job-search techniques," Shaw explained.

The plight of long-term job seekers is not likely to improve quickly, according to job-placement experts in the Merrimack Valley. Varelas said job searches for midlevel executives at Keystone Partners' outplacement services division, are taking up to 32 weeks in some cases.

"We're seeing people getting a job in four to eight months, but it's one person at this organization, one person at another. It's never 10 people at once," Varelas said.

Head-hunters point to a number of different reasons for the lengthening unemployment lines. Increasingly, pressure from Wall Street has meant publicly traded companies have had to lay off white-collar workers to help reduce expenses.

"I would say the focus over the past year anyway has really been in the management levels," Varelas said.

At the same time, companies that are hiring are doing it very slowly, often delaying the process until the start of a new budget cycle.

"Being brought back four or five times (for interviews) is no longer a surprise. Having a panel of interviewers is no longer a surprise," Varelas added.

Increased security concerns since Sept. 11, 2001, and the slew of corporate scandals that began in 2002 with the Enron Corp. bankruptcy, are also forcing companies to examine whom they are hiring. Because new federal regulations require top-level executives at most public companies sign off on yearly and quarterly earnings statements, those executives, in turn, want to be sure they can trust midlevel managers' reports. In some cases, firms are hiring private investigators to vet candidates for jobs that will fill crucial roles in a hierarchy.

"Companies do not want to hire someone who isn't squeaky clean," Challenger said.

Job seekers may be prolonging their own pain by refusing to lower their expectations in the face of tough economic conditions. Challenger, who believes some dot-com and technology professionals were earning as much 30 percent more than their positions called for during the height of the technology boom, said many employees might have to accept less generous compensation packages. Varelas agreed the days of singing bonuses and rich compensation packages are gone.

"The dot-com perks are gone. No one is getting a car as a signing bonus for a $50,000 job anymore," she said.

But most of the blame lies with the economy, which appears to have stalled or may even be contracting. Even in areas that show the most potential for growth in the Merrimack Valley -- businesses like pharmaceuticals, biotechnology, medical devices and defense technology -- the call to hire new workers has been slow in coming.

In Andover, Smith & Nephew Endoscopy, which develops the medical devices used in knee and joint replacements, says it is interviewing candidates for 30 open positions. The company expects to hire 200 to 300 additional workers, but achieving that growth could take as long as five years, said Joseph Metzger, public relations manager for Smith & Nephew.

Meanwhile, Raytheon Company, the region's largest defense contractor, says it expects to hire engineers and software technicians for a new Navy destroyer program it is helping to develop. The company does not know yet how many of the 800 staff positions existing workers can fill, but most of its hiring will be limited, said Public Relations Manager Steven Brecken.

"We are adding staff in our engineering work force, but within specific disciplines," he said.

Dianne Coppola, 45, of Haverhill lost her job in June, but she is trying to be as flexible as possible about going to work somewhere else. Laid off from Lucent Technologies after working for the company for 22 years, Coppola hoped to find the same sort of job at another company. After testing the job market, Coppola decided to apply for a federal grant to go back to school and train to work in another field. She is now studying full-time at Northern Essex Community College to be a paralegal.

"Things didn't look too good with the skills I had," said Coppola, who helped produce marketing materials in Lucent's public relations department at the telecommunication equipment maker's North Andover manufacturing site.

Being flexible and using all the resources available to them is the key to minimizing time off for a job search, job placement experts said. In addition to outplacement services a former employer provides, federally sponsored career centers in Lawrence and Haverhill are open to the public.

Varelas, who says workers need to think more expansively about how their current skills could work for employers in different fields, said some of the best examples are banking executives who were laid off in large numbers during the country's last recession from 1991 to 1992.

Although most of their jobs were eliminated, Varelas said, many found work in new fields like managing endowments for colleges and universities where their financial skills were needed. White-collar workers should follow the same example, Varelas said.

"They really need to broaden their perception of what it is they do. They need to think of it in terms of skills instead of titles," she said.


Posted By: Princess Romeo

Re: If there life after banking... - 11/21/03 03:31 AM

Make that triplets! I started at 18, although I have a few more than 20 years in banking. I also wanted to be an artist and thought that banking would be a temporary thing to pay the bills until my REAL career got underway!
Posted By: reinkesd

Re: If there life after banking... - 11/21/03 03:13 PM

Don, I actually have some business aspirations (wedding photography, web site development, buying a floral shop) but the reality of it is I have to provide steady salary and benefits for my family. My husband is self employed and we can't take that risk right now. Maybe someday I can make that leap.

In the mean time I'd like an opportunity for a "once removed" type of position where we're not dealing with such stringent and often conflicting regulations. Where there's more room for common sense and smart business decisions. Where you can be just a little creative. That's one of the reasons I left lending, we started selling loans and everyone had to fit into cookie cutter shapes. I liked being able to really help people and make some decisions based on instinct and the big picture, not just the ratios.

Bonnie - Welcome to the family!

Anonymous - You don't have a clue about my skills or strengths so back off with the "weak underbelly" thing. I'm not looking to take on corporate america, just to use my experience and education in a fulfilling career.

Posted By: Anonymous

Re: If there life after banking... - 11/21/03 04:03 PM

Relax everybody. There was life before banking, and there is life after banking. It's just a different life.
Posted By: Don_Narup

Re: If there life after banking... - 11/21/03 05:56 PM

Quote:

I have to provide steady salary and benefits for my family.




Keep the day job, but start doing it part time. Do a wedding here and there as your time permits, start developing a clientèle. That way you don't have big overhead to meet every month, or have to worry about making a living. Take the part time earnings and start buying the equipment you need. This would also be the learning period, so when you do decide to make it full time you can hit the ground running. You will be amazed at what can transpire over a couple year period.

It will also give you a good idea if it really is something you want to pursue.

I am probably to passionate about this for a personal reason, but if you want it, go for it. It just doesn't have to happen overnight and every contingency doesn't have to be in place.
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 06:02 PM

Quote:

wedding photography, web site development, buying a floral shop
Anonymous - You don't have a clue about my skills or strengths so back off with the "weak underbelly" thing. I'm not looking to take on corporate america, just to use my experience and education in a fulfilling career.





Oh, but you are part of the group, but don't take it personally. Just take a look at your choices covering alternate employment. Practically anyone, right out of high school, can perform those tasks. And that's the point: it difficult to transfer skills from banking to almost any other industry, but anyone can go off and build a hooby horse.
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 06:43 PM

What's a hooby horse?
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 08:11 PM

Quote:

What's a hooby horse?




Perhaps, a hobby horse? Perhaps, a subject or plan upon which one is constantly setting off; a favorite and ever-recurring theme of discourse, thought, or effort; that which occupies one's attention unduly, or to the weariness of others; a ruling passion.

Or, perhaps no one here has a hobbyhorse? Or, a child's plaything consisting of an imitation horsehead on one end of a stick; the child straddles it an pretends to ride. In other words, if you transfer your skills from banking, the best that you can do, generally speaking, is build imitation horseheads and ride them around all day.

You may end up with a hooby horse.
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 08:18 PM

Oh, I thought it was some kind of Arizona thing-a-ma-jig...
Posted By: reinkesd

Re: If there life after banking... - 11/21/03 10:00 PM

Quote:

Practically anyone, right out of high school, can perform those tasks.




Yup, you've just confirmed it. You don't have a clue about what I do and what skills are transferable to other careers. I'm not sure what business you're in, but it surprises me that someone with such little respect for bankers would be in a forum for bankers. Hmmm....
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 10:10 PM

To the person stating that banking skills do not carry over into any other career choices. Is banking the only industry you see with that problem? I imagine that there are many careers in which the skills you develop are best used for that industry. With the economy as it is now, there are not many chances for someone that leaves a mid-level job to find something equal or better in a field not related to their most current job. But, in only 24 years of life, I don't profess to have learned a great deal about the job market, but I have learned this.....There are many times where we can not change the person or the circumstance, what we can change is how we choose to look at it. Everyone have a good weekend.
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 10:57 PM

I'm just going by the alternate "careers" that you've initially listed.
Posted By: Anonymous

Re: If there life after banking... - 11/21/03 11:03 PM

Quote:

But, in only 24 years of life, I don't profess to have learned a great deal about the job market, but I have learned this.....There are many times where we can not change the person or the circumstance, what we can change is how we choose to look at it. Everyone have a good weekend.




The first part is oh so true. As the the second part - you can willfully change anything: how you view yourself, your skills, your goals, your career, your set of circumstances - anything and everything - but you must first come to terms with reality and make your own path based on what you clearly see as good for you and your family.
Posted By: Anonymous

Re: If there life after banking... - 11/24/03 10:21 PM

The young, therefore obviously unqualified to make comments concerning this post, again. Maybe you have answered this, but what do you do for a living and how did you reach your current level of employment? What are some of the jobs that you have held, and how did/didn't they help you get to your current position?
Posted By: Anonymous

Re: If there life after banking... - 11/24/03 11:11 PM

Quote:

The young, therefore obviously unqualified to make comments concerning this post, again. Maybe you have answered this, but what do you do for a living and how did you reach your current level of employment? What are some of the jobs that you have held, and how did/didn't they help you get to your current position?




First, you have got to be able to put a sentence together wherein all the words fit and make a point. Second, it's all a game and you simply need to learn the rules of the game. If you are in banking, it's one of the easiest vocations in the world.
Posted By: Anonymous

Re: If there life after banking... - 11/25/03 05:23 PM

So, when offered the chance to enlighten us, you take the opportunity to avoid the question(s) asked of you. Yes, I am in banking. That's why I use this site - to learn more about my current profession. As asked earlier, what brings you here?
Posted By: Anonymous

Re: If there life after banking... - 12/02/03 05:10 PM

Quote:

.I suspect that Don always had those qualities and skills with the banking experience only supplying the product. Most bankers do not have entrepreneurial skills.




I suspect that this anonymous post'er doesn't have much to offer either (other than criticism). I bet you list "critical thinking skills" high on your resume.
Posted By: Anonymous

Re: If there life after banking... - 12/02/03 05:35 PM

Huh?
Posted By: Anonymous

Re: If there life after banking... - 12/02/03 07:39 PM

Given some of the posts to this thread, are all BOL'ers members of "Thinkers Anonymous"?

Here's one story:
It started out innocently enough. I began to think at parties now and then to loosen up. Inevitably though, one thought led to another, and soon I was more than just a social thinker.

I began to think alone - "to relax," I told myself - but I knew it wasn't true.

Thinking became more and more important to me, and finally I was thinking all the time. I began to think on the job. I knew that thinking and employment don't mix, but I couldn't stop myself.

I began to avoid friends at lunchtime so I could read Thoreau and Kafka. I would return to the office dizzied and confused, asking, "What is it exactly we are doing here?"

Things weren't going so great at home either. One evening I had turned off the TV and asked my wife about the meaning of life. She spent that night at her mother's.

I soon had a reputation as a heavy thinker. One day the boss called me in. He said, " I like you, and it hurts me to say this, but your thinking has become a real problem. If you don't stop thinking on the job, you'll have to find another job."

This gave me a lot to think about.

I came home early after my conversation with the boss. "Honey," I confessed, "I've been thinking..." "I know you've been thinking," she said, "and I want a divorce!" "But Honey, surely it's not that serious." "It is serious," she said, lower lip aquiver. "You think as much as college professors, and college professors don't make any money, so if you keep on thinking we won't have any money!"

"That's a faulty syllogism," I said impatiently, and she began to cry. I'd had enough. "I'm going to the library," I snarled as I stomped out the door. I headed for the library, in the mood for some Nietzsche. I roared into the parking lot and ran up to the big glass doors... they didn't open. The library was closed. As I sank to the ground clawing at the unfeeling glass, whimpering for Zarathustra, a poster caught my eye. "Friend, is heavy thinking ruining your life?" it asked. You probably recognize that line. It comes from the standard Thinkers Anonymous poster.

Which is why I am what I am today: a recovering thinker. I never miss a TA meeting.

At each meeting we watch a non-educational video; last week it was "Porky's."

Then we share experiences about how we avoided thinking since the last meeting. I still have my job, and things are a lot better at home. Life just seemed... easier, somehow, as soon as I stopped thinking.