View Full Version : B.Comm Degree (Honours) + CSC + 1 Job Offer = Good?
djklipse
Jan 13th, 2008, 08:07 PM
Should I take it? Is this acceptable?
I just graduated from McMaster University with a Honours B.Comm degree and just completed both exams of my CSC with high marks (not that it matters). I'm in a dilemma here:
I just got a job offer for 33k from one of the top 3 Canadian banks for a job equivalent to something to the effect of filling out tax forms for others. I haven't had much experience prior to this offer since I was more focused on my academics where I just took on retail/sales jobs nothing related to banking.
I'm wondering if I should accept this and whether 33k is a decent salary to start with because I think an Honours B.Comm + CSC should deserve more. However, I don't have much experience and therefore have had trouble finding any opportunity lately. What are your thoughts? Suggestions?
Yeah, I mean, I should think long term, but really, is this long term option better than other long term opportunities?
I'd like to be in Personal Finance or Wealth Management and sure, this could get my foot in the door, but will this be a dead end job?
Salary was not negotiable, that was a bummer. (Is this entirely true for a top 3 Canadian Bank?)
Benefits to the Job:
1. Top 3 Canadian Bank (Good to get foot in the door).
2. Good benefits package + pension + investment options
Drawbacks to the job:
1. Below average salary (33k? I can make more at a department store)
2. Can be a redundant job, much like data entry.
3. Is this a good career move? Let say I want to switch to Personal Finance, will this be too late of a move say 2-5 years from now? Or could this be a good entry position to lead me in a role in Personal Finance?
Thanks for all your help,
Jake
urban1
Jan 13th, 2008, 08:36 PM
Maybe its just a poor choice of words but you dont "deserve" anything. If you feel you "deserve" better, then that may be a poor attitude to have. Especially if employers arent knocking down your door with offers.
As for the job, its sounds like a poor job. I woulndt look at it as getting your foot in the door at the bank... youre getting your foot in the door of the back office/operations of the bank. This job wont open any doors to other areas of the bank.
Id keep looking.
I'm wondering if I should accept this and whether 33k is a decent salary to start with because I think an Honours B.Comm + CSC should deserve more.
Should I take it? Is this acceptable?
I just graduated from McMaster University with a Honours B.Comm degree and just completed both exams of my CSC with high marks (not that it matters). I'm in a dilemma here:
I just got a job offer for 33k from one of the top 3 Canadian banks for a job equivalent to something to the effect of filling out tax forms for others. I haven't had much experience prior to this offer since I was more focused on my academics where I just took on retail/sales jobs nothing related to banking.
I'm wondering if I should accept this and whether 33k is a decent salary to start with because I think an Honours B.Comm + CSC should deserve more. However, I don't have much experience and therefore have had trouble finding any opportunity lately. What are your thoughts? Suggestions?
Yeah, I mean, I should think long term, but really, is this long term option better than other long term opportunities?
I'd like to be in Personal Finance or Wealth Management and sure, this could get my foot in the door, but will this be a dead end job?
Salary was not negotiable, that was a bummer. (Is this entirely true for a top 3 Canadian Bank?)
Benefits to the Job:
1. Top 3 Canadian Bank (Good to get foot in the door).
2. Good benefits package + pension + investment options
Drawbacks to the job:
1. Below average salary (33k? I can make more at a department store)
2. Can be a redundant job, much like data entry.
3. Is this a good career move? Let say I want to switch to Personal Finance, will this be too late of a move say 2-5 years from now? Or could this be a good entry position to lead me in a role in Personal Finance?
Thanks for all your help,
Jake
Sylvestre
Jan 13th, 2008, 10:10 PM
[...] I haven't had much experience prior to this offer since I was more focused on my academics where I just took on retail/sales jobs nothing related to banking.
[...]
However, I don't have much experience and therefore have had trouble finding any opportunity lately. What are your thoughts? Suggestions?
[...]
I re-quoted the above to highlight the importance of experience. Marks are great but really, unless you plan to go to grad school, they do not make up for lacking experience.
A question for you though, it's January. Why are you graduating now and why are you looking after you graduated?
rilhouse
Jan 13th, 2008, 10:16 PM
i'll only comment on the salary, 33K is way too low for a uni grad even with 0 experience. shoot for 40K. your education was expensive, don't sell yourself short.
djklipse
Jan 13th, 2008, 10:25 PM
I re-quoted the above to highlight the importance of experience. Marks are great but really, unless you plan to go to grad school, they do not make up for lacking experience.
A question for you though, it's January. Why are you graduating now and why are you looking after you graduated?
I graduated in 2007 in June and have been looking ever since after spending a month and a half on vacation.
7jai
Jan 13th, 2008, 10:32 PM
honestly, i say take it now, and keep searching. u have 0 experience, and if you take this job and work there for a few mnths until you find one that is more "suited" for you, then u can quit and move on.
at least on your resume u'll have smthing to write about, instead of nothing.
george benjamin
Jan 13th, 2008, 10:32 PM
I graduated in 2007 in June and have been looking ever since after spending a month and a half on vacation.
This is a no brainer then.
I thought you just graduated in december since you said "I just graduated".
#1 rule - don't reject an offer if you don't have a job.
Octavius
Jan 13th, 2008, 10:37 PM
i'll only comment on the salary, 33K is way too low for a uni grad even with 0 experience. shoot for 40K. your education was expensive, don't sell yourself short.
+1
33K is a slap in the face. That works out to roughly $16.50 / hour. For the sake of saying it, I know people who make a higher hourly wage working Part Time - and this is with a 3 year college diploma ONLY.
My friend is making 38k with his BIT because he got stuck with no job offers - but after being at his current place of employment for like 6 months they should give him a decent salary bump and he'll be making at least what he should have gotten in first place.
I would tell the bank that unless they're willing to offer you at least 38k + benefits + vacation then you won't be interested in the job.
That being said, if you're stuck and you've had no other job offers then take the job for now and keep looking for a better/higher paying one. Just make sure you aren't locked into anything and that you can leave at any time.
faken
Jan 13th, 2008, 10:40 PM
yup, i'd take the job too. At least you'll have something to fall back on. Plus, it'll give you some experience, members from here mentioned earlier.
TrEvOrLiCioUs
Jan 13th, 2008, 10:58 PM
33k is a decent start, don't knock it. Unless your getting much better offers, a little experience couldn't hurt.
A little hard work and you'll work your way up.
rilhouse
Jan 13th, 2008, 11:12 PM
i guess taking this job (if you have no other options) & continuing to look is the best advice. good luck.
Essence89
Jan 13th, 2008, 11:27 PM
take the job and keep looking for a better one
urban1
Jan 13th, 2008, 11:47 PM
Grades do matter but so do other factors especially with a commerce degree.
But my guess is the OP has ok grades but not top notch grades.
I re-quoted the above to highlight the importance of experience. Marks are great but really, unless you plan to go to grad school, they do not make up for lacking experience.
A question for you though, it's January. Why are you graduating now and why are you looking after you graduated?
weedb0y
Jan 14th, 2008, 12:07 AM
Take it, you are obviously not getting offers from other companies at the moment. Companies dont care about marks unless if its a new-grad recruitment program.
They care about experience. Atleast this will bump off any retail jobs you have on the resume.
Take it. People do free internships! Atleast this will give you some kind of non-retail experience.
djklipse
Jan 14th, 2008, 12:13 AM
honestly, i say take it now, and keep searching. u have 0 experience, and if you take this job and work there for a few mnths until you find one that is more "suited" for you, then u can quit and move on.
at least on your resume u'll have smthing to write about, instead of nothing.
But you see, what I'm worried about is that if I do go for the position, and work there for 6months to a year, and decide to look for a better opportunity, I'm afraid the reference I would get from them won't be as positive for future potential employers or from the same company.
UrbanPoet
Jan 14th, 2008, 12:25 AM
But you see, what I'm worried about is that if I do go for the position, and work there for 6months to a year, and decide to look for a better opportunity, I'm afraid the reference I would get from them won't be as positive for future potential employers or from the same company.
They'll probably only confirm your employment, months/years of service, and the conditions of your departure.
I admit you do have a really good education and credentials. But i don't think you can be too picky for your very first non retail job. Like others have said you could take this job on for the experience and look for better opportunities in the mean while.
The only thing is your competing with other people with the same degree, but most likely took on degree related jobs during the summer!.
TotallyKiller
Jan 14th, 2008, 02:45 PM
They'll probably only confirm your employment, months/years of service, and the conditions of your departure.
I admit you do have a really good education and credentials. But i don't think you can be too picky for your very first non retail job. Like others have said you could take this job on for the experience and look for better opportunities in the mean while.
The only thing is your competing with other people with the same degree, but most likely took on degree related jobs during the summer!.
If I was to hire you into something like financial audit, I'd be more concerned about you being unemployed for a while rather than having a job that you are not providing a reference for. Often references are not current or past employers. Firms are realistic about what's available out there and won't hold it against you that you were doing a job that may be beneath your abilities. In fact we'd be more comfortable to know that being employed was more important to you than waiting for that perfect job that you felt you 'deserved'.
VIKKO
Jan 14th, 2008, 03:43 PM
beggers cant be choosers.
take the job.
unless you're incompetent, most employers won't give a bad reference.
fenrus
Jan 14th, 2008, 04:04 PM
honestly, i say take it now, and keep searching. u have 0 experience, and if you take this job and work there for a few mnths until you find one that is more "suited" for you, then u can quit and move on.
at least on your resume u'll have smthing to write about, instead of nothing.
while I do agree you should keep looking, you shouldn't be putting gasoline on the bridge with a match in your hand. A bad reference is no better than no reference at all.
hamant
Jan 14th, 2008, 04:12 PM
take the job for now
its a very very competitive world out there, especially in Toronto where there is no shortage of people with business degrees. Remember there are a lot of colleges now that teach the same thing as university, so your university degree is not worth what it used to be.
I did commerce at UofT as well... trust me, take it. Being with a bank will pay off in the future, but right now if you don't take it, someone else will
djnorm112
Jan 14th, 2008, 04:18 PM
Take the job and look for a better job along the way.
Sitting around waiting won't get you anywhere. With the summer looming you will end up competing with co-ops etc. and summer in general isn't a busy time for hiring.
Super strokey
Jan 14th, 2008, 04:51 PM
starting salary is a joke, i have a bcom to and I started at 44k with zero experience. I wouldnt work for less, its odd that you have so few offers as i had abotu 4 and i wasnt honors. Do you not interview well?
Firebot
Jan 14th, 2008, 05:48 PM
Should I take it? Is this acceptable?
I just graduated from McMaster University with a Honours B.Comm degree and just completed both exams of my CSC with high marks (not that it matters). I'm in a dilemma here:
I just got a job offer for 33k from one of the top 3 Canadian banks for a job equivalent to something to the effect of filling out tax forms for others. I haven't had much experience prior to this offer since I was more focused on my academics where I just took on retail/sales jobs nothing related to banking.
I'm wondering if I should accept this and whether 33k is a decent salary to start with because I think an Honours B.Comm + CSC should deserve more. However, I don't have much experience and therefore have had trouble finding any opportunity lately. What are your thoughts? Suggestions?
Yeah, I mean, I should think long term, but really, is this long term option better than other long term opportunities?
I'd like to be in Personal Finance or Wealth Management and sure, this could get my foot in the door, but will this be a dead end job?
Salary was not negotiable, that was a bummer. (Is this entirely true for a top 3 Canadian Bank?)
Benefits to the Job:
1. Top 3 Canadian Bank (Good to get foot in the door).
2. Good benefits package + pension + investment options
Drawbacks to the job:
1. Below average salary (33k? I can make more at a department store)
2. Can be a redundant job, much like data entry.
3. Is this a good career move? Let say I want to switch to Personal Finance, will this be too late of a move say 2-5 years from now? Or could this be a good entry position to lead me in a role in Personal Finance?
Thanks for all your help,
Jake
33K is very low of course, but without any experience, companies will not take a chance on you or they will lowball you. You are stuck in a catch 22 where you need experience to land a good job, but no one will hire you to get that experience. Bite the bullet for a few months, see if there is any room for advancement inside the company after a few months, or look elsewhere. I wouldn't take that job without any chance at applying within the company though.
zwanzig
Jan 14th, 2008, 06:14 PM
The longer you stay unemployed, the harder it is to get a good job..
Employers will simply think you are not "good" enough for a job if you don't already have a job...
adehbone
Jan 14th, 2008, 07:14 PM
If you want to stay in Toronto, take it.
If your willing to move to Calgary or "Midwest US aka boring lands". You may find some better options.
But Bcom+CSC is a dime a dozen in TO, they prolly have 50 ppl after you ready to take this offer.
jiro
Jan 14th, 2008, 09:00 PM
as someone who came out of university with only retail experience i got into a call/contact centre at a bank. Even though the pay is low at 17.20$ (about 34k a year) an hr, I stayed my term (1 yr) and applied internally I got a total of 11 interviews within 2 months internally at a "bank" ... I also applied externally at another bank and got a job in IT paying much more then my 34k to 50k+... so if i were you i would take the job if you want to stay within banking/finance. Its a good experience and there are lots of departments within the bank you can always jump after your term of 12 months - 18 months.
I know a friend of mine who started like me i referred him into the contact centre after 12 months his manager let him apply and now he has an IT job, even though its contract you can always jump within the bank again or take ur experience/references so its good. I also have another buddy who started part time teller, did a 12 month contract fn IT for someone on mat leave, then finally jumped to a perm IT job in a bank as well now making 50k+.
So like I said everyone will have different experiences but once your in if you are determined you will get that job of yours even if you start at the lowest level of the bank. ie. teller, clerk, call centre whatever....
think about it! Don't give up an opportunity if I was you I'd take it at least if i want something else I can apply later and leave, a lot of ppl usually find jobs during training and leave anyways if they are not happy!
chicken_little
Jan 14th, 2008, 11:22 PM
But Bcom+CSC is a dime a dozen in TO, they prolly have 50 ppl after you ready to take this offer.
+1
Take the job. Working at a big bank should open up more doors down the road.
weedb0y
Jan 14th, 2008, 11:26 PM
starting salary is a joke, i have a bcom to and I started at 44k with zero experience. I wouldnt work for less, its odd that you have so few offers as i had abotu 4 and i wasnt honors. Do you not interview well?
What areas were you going into? What jobs did you apply for?
weedb0y
Jan 14th, 2008, 11:29 PM
while I do agree you should keep looking, you shouldn't be putting gasoline on the bridge with a match in your hand. A bad reference is no better than no reference at all.
Thats honestly overplayed. I have left jobs within a day and I now get double the pay that company had offered me. Companies would get rid of you within a second, you can too as well. There is no such thing as employee loyalty anymore.
Having no reference is worst as I have never given out my references from my current position. It just puts the manager and the employee at a very uncomfortable place. Most recruiters, companies understand.
TheDarkRage
Jan 15th, 2008, 02:54 PM
starting salary is a joke, i have a bcom to and I started at 44k with zero experience. I wouldnt work for less, its odd that you have so few offers as i had abotu 4 and i wasnt honors. Do you not interview well?
Toronto has a lot more competition than Edmonton, therefore people might be willing to take a lower paying job in order to get their foot in the door. I can't believe people are so full of unrealistic expectations after they graduate (I'm not saying the OP is, just some university graduates in general).
btw, Good english :lol:
andrew2good4u
Jan 15th, 2008, 03:59 PM
starting salary is a joke, i have a bcom to and I started at 44k with zero experience. I wouldnt work for less, its odd that you have so few offers as i had abotu 4 and i wasnt honors. Do you not interview well?
Aren't you in Alberta though? I heard people get paid like 15$ an hour to work at McDonalds. Lol
might be a hyperbole but that's what I've heard.
Either way to the OP, you should take the job for now and look for others while you are there. I also suggest NETWORKING LIKE CRAZY within the bank. To start making contacts.
My 2 Cents
GBA
Jan 15th, 2008, 04:08 PM
to the people who'd slap the job offer in the face:
I didn't think offers for uni grads were guaranteed in this field for 40+k all the time nation-wide. Just because you can earn 50k starting in Downtown Toronto doesn't equate to earning 50k in the same profession in Nunavut. I think. If someone has evidence to the contrary, I would be greatly interested in finding out.
What I'm trying to get at is: Take the job. Getting into something else within that same bank once you're IN there is a lot easier than applying for that same position from the void of unemployment. At the very least, if in a few months you find it's not your cup of tea, you can meet and mingle with others in the field for connections...contacts.
As mentioned before, having a reference, even one where you worked there for a short time, is better than NOT having a reference from there and simply stating "well, after university, I looked for a job for a year and didn't like any" (simplified). And who knows? Maybe someone you'll end up working with will turn out to be a good connection to get you hooked up into the right field in the same company. Go for it!
i_spotdeals
Jan 15th, 2008, 11:08 PM
I agree with most that $33k is pretty low. I guess it all comes down to the division/department that you've been hired for. I have a B.Com from UofT, but I probably lucked out, salary-wise.
Take it if you are tight for cash.. but also take into consideration the type of work you'll be doing. Going to work miserable is pretty sad..
silvermist99
Jan 16th, 2008, 06:58 PM
33k is better then 0 in your situation. If you have no other offers/interviews I'd take it.
Take it, get some exp then leave.
I started @ 27k a year ago working 9 hrs a day m-f after graduating college in a really small IT company doing support work, my classmates were all expecting 40k+ I was the one who took the offer... I left after 6 months (july 06)now I've almost doubled that salary. Without that 27k job, I wouldn't be able to make the $ I do today.
IIRC today the classmates who thought they were worth 40k+ a year ago.. are either still unemployed or making 30k~.
Even if the job is in a different field & its not what you want to get into... working experience is working experience (the soft skills) which will help in any careers
7cal
Jan 16th, 2008, 07:11 PM
But you see, what I'm worried about is that if I do go for the position, and work there for 6months to a year, and decide to look for a better opportunity, I'm afraid the reference I would get from them won't be as positive for future potential employers or from the same company.
If you do good work at the bank this shouldn't be a problem, they will most likely understand.
I was in the exact same boat as you- I graduated (only a 2 year computer engineering degree, but still), and got a job right out of school at basically an I.T sweatshop for 6 months. Pay was terrible- around 30k. I kept my eyes open, and six months later landed a good job at the IT shop an oil company (I'm in Alberta). At that time, my current employer (the sweatshop) didn't want to let me go and I had 3 different bosses give me 'this company is a great place to make a career' speech. Still, I was gracious, told them how much I learned, yadda yadda yadda, and my immediate boss ended up giving me a great reference letter to land what has turned into a fantastic job (and now triple the salary).
Either that happens, or you keep your eyes open at the bank. I wouldn't consider your job a 'dead end', lots of large companies are fairly good at allowing internal movement. Assuming you don't suck at your job, they'd rather hire internally than go through the hell of recruiting off the street for a new position. So it could turn out all right there too.
Either way, I'd say if you've been looking for 6 months and have a job offer from a large bank, you're nuts to pass it up right now.
DaFonz
Jan 19th, 2008, 01:34 PM
Should I take it? Is this acceptable?
I just graduated from McMaster University with a Honours B.Comm degree and just completed both exams of my CSC with high marks (not that it matters). I'm in a dilemma here:
I just got a job offer for 33k from one of the top 3 Canadian banks for a job equivalent to something to the effect of filling out tax forms for others. I haven't had much experience prior to this offer since I was more focused on my academics where I just took on retail/sales jobs nothing related to banking.
I'm wondering if I should accept this and whether 33k is a decent salary to start with because I think an Honours B.Comm + CSC should deserve more. However, I don't have much experience and therefore have had trouble finding any opportunity lately. What are your thoughts? Suggestions?
Yeah, I mean, I should think long term, but really, is this long term option better than other long term opportunities?
I'd like to be in Personal Finance or Wealth Management and sure, this could get my foot in the door, but will this be a dead end job?
Salary was not negotiable, that was a bummer. (Is this entirely true for a top 3 Canadian Bank?)
Benefits to the Job:
1. Top 3 Canadian Bank (Good to get foot in the door).
2. Good benefits package + pension + investment options
Drawbacks to the job:
1. Below average salary (33k? I can make more at a department store)
2. Can be a redundant job, much like data entry.
3. Is this a good career move? Let say I want to switch to Personal Finance, will this be too late of a move say 2-5 years from now? Or could this be a good entry position to lead me in a role in Personal Finance?
Thanks for all your help,
Jake
Take the job and then take advantage of the internal job postings board to switch divisions. It's easier once you're in.
$33k is a little on the low side, but you should get a bump pretty fast. If you really want to get into Personal Finance though, why dont you just go through the entry level IA programs in the banks? The pay is **** initially while they train you, but if you can build up a good book, then you're golden.
ps: CSC means SFL. A monkey could do that test.
Hairball
Jan 19th, 2008, 06:42 PM
I'd also suggest taking the job, in your case, anything is better than making nothing. And this is a job at a big bank, which is something you're trying to look for.
$33k is low, but I'm sure they'll probably reward you quickly to keep you on board if you're performing well.
Buddhacris
Jan 22nd, 2008, 09:34 PM
starting salary is a joke, i have a bcom to and I started at 44k with zero experience. I wouldnt work for less, its odd that you have so few offers as i had abotu 4 and i wasnt honors. Do you not interview well?
isn't it more expensive to live in Edmonton anyway?
christonian
Jan 23rd, 2008, 12:15 AM
Take the job and then take advantage of the internal job postings board to switch divisions. It's easier once you're in.
$33k is a little on the low side, but you should get a bump pretty fast. If you really want to get into Personal Finance though, why dont you just go through the entry level IA programs in the banks? The pay is **** initially while they train you, but if you can build up a good book, then you're golden.
ps: CSC means SFL. A monkey could do that test.
lol CSC is hard passing rate is like 40-55% and its expensive as hell too even with student discount
DaFonz
Jan 23rd, 2008, 12:32 AM
lol CSC is hard passing rate is like 40-55% and its expensive as hell too even with student discount
A CFA is hard. The CSC is piss easy especially if you have a bcom.
christonian
Jan 23rd, 2008, 09:44 AM
ya im probably going for my CFP after graduation it has 4hr qualifier exam then 6hr final exam. but before you can get there you have to pass 4 of 6 other courses which i have taken all 6 which also each have industry exam with them 2hrs each which is not bad compared to other lol its crazy how much content you get tested on just to get little letters beside your name lol
nickinto
Jan 23rd, 2008, 09:58 AM
No one with a half a brain should brag about the CSC designation.
The CSC is the special olympics equivalent of the CFA.
baller89
Jan 23rd, 2008, 01:13 PM
Damn that is pretty low but in my opinion, with the economy outlook not looking too good I would take it ASAP- esp if you're not expecting any more offers- It is a pretty tough job market right now- Maybe they're looking for better grades? Did you have any matching extracurriculars?
sleepyguy
Jan 23rd, 2008, 03:48 PM
33k is too low, but if you got rent/bills to pay and nothing is on the horizon then go for it. I know a guy who has his engineering degree working for 38k... that is ridiculous.
I mean... my idiot friend works as a janitor making $42k + full bens... never even finished HS.
I would wait unless you're going hungry.
onetruguju
Jan 23rd, 2008, 04:15 PM
If you want to stay in Toronto, take it.
If your willing to move to Calgary or "Midwest US aka boring lands". You may find some better options.
But Bcom+CSC is a dime a dozen in TO, they prolly have 50 ppl after you ready to take this offer.
I totally agree with adehbone....
If you're planning to stay in toronto, thats what you'll get.
take it, and work your 8 hours a day, spend 3 hours a night applying for jobs.
I've been in the same shoes.. i took the 35k job when i was in TO, kept applying every night for new jobs. had interviews like no tomorrow, but realized that MBA's without any experience, were asking for 45k
then decided to move to Ottawa, where i'm working for the Feds...
pretty good pay (wont be rich, but pretty happy), benefits, work life balance, and huge opportunity.
Get out of Toronto, take a risk..
You're competing against crappy mba's, MBA's from other countries, and lots of others. Its hard to get a break. and if you do, you're working as many hours as you're getting thousands of dollars - $50k = 50 hours a week.
Asad_A203
Jan 23rd, 2008, 07:05 PM
My brother got his job with an entry wage of 35k a year with his BSc. in Comp Sci; the next year he was ready to go to another company that was paying 46k; his current company matched and beat it; and his salary after 3 years is around the 6Xk figure. I guess if you do perform well and are being underpaid; you will obviously seek other employment and when you do and find another competent employer; your company will probably bump up your salary to match what your market worth is. So definately don't be intimated by an entry salary of 35k; I am sure in 1-2 years you will be up in the 50-60k region.
sleepyguy
Jan 24th, 2008, 04:21 PM
Man... it pretty sad though that the 'educated' have to scrouge and search for entry jobs paying $30-35K in T.O.
GF's bro smarted up and left her pharmacy ass't job ($16/hr) to take a risk with London Life... she just finished her 1st year... 6figures... so sick.
Buddy of mine left a cussy bank job (50k/yr) and went into realestate... he's doing well... 6figs this year after 40k/yr his first 2 yrs.
Just saying you have to take risk if you are unsatified with they way things are going. -sg
goobelygoop
Jan 24th, 2008, 05:47 PM
Sorry I didn't read the whole thread (only pg 1 and 4), but 33k for a BComm holder is LOW -- I'm in co-op, still in school, and pulling in considerably more than that, as are all of my friends (and we're all in accounting/finance related jobs). Personally I think you need to try harder, work on your networking skills and try to land a better paying position. Frankly I wouldn't even CONSIDER a 33k job, even for co-op.
ibanker
Jan 25th, 2008, 11:16 AM
get your cfa level 1 at least
ullyeus
Jan 25th, 2008, 11:37 AM
But you see, what I'm worried about is that if I do go for the position, and work there for 6months to a year, and decide to look for a better opportunity, I'm afraid the reference I would get from them won't be as positive for future potential employers or from the same company.
Personally..I think the fact you have been unemployeed for 6 months is more of a strike against you...why can't you find a job quicker in this market? Is there something wrong with you? (that's what I'd be thinking as an HR person)
The longer you stay out not gaining any experience or working the more of an uphill battle it will be.
That said, 33k does seem low for a commerce degree, I make double that and don't even have a degree.
faken
Jan 25th, 2008, 04:50 PM
Personally..I think the fact you have been unemployeed for 6 months is more of a strike against you...why can't you find a job quicker in this market? Is there something wrong with you? (that's what I'd be thinking as an HR person)
The longer you stay out not gaining any experience or working the more of an uphill battle it will be.
That said, 33k does seem low for a commerce degree, I make double that and don't even have a degree.
what do you do for a living, just curious.
xxjessmicaxx
Jan 25th, 2008, 10:20 PM
beggers cant be choosers.
take the job.
unless you're incompetent, most employers won't give a bad reference.
It's great that you have a Bcomm + honours, and your CSC done! Congrats.... However this if this is the only position you've been offered after looking of a couple of months i'd take it.
If you are interested in Personal Finance this could be a great entrance into the banking industry. Once you prove yourself to the bank, your earning potentials will increase.
Sometimes education doesn't mean as much as work experience. I'm an econ major, don't have my CSC or an hounours degree, but I was offered a great job with a large bank due to my past employment history. Work experience and education go hand in hand.
phyrefly
Jan 25th, 2008, 11:57 PM
Man... it pretty sad though that the 'educated' have to scrouge and search for entry jobs paying $30-35K in T.O.
GF's bro smarted up and left her pharmacy ass't job ($16/hr) to take a risk with London Life... she just finished her 1st year... 6figures... so sick.
Buddy of mine left a cussy bank job (50k/yr) and went into realestate... he's doing well... 6figs this year after 40k/yr his first 2 yrs.
Just saying you have to take risk if you are unsatified with they way things are going. -sg
Unless she went from pharmacy assisstant -> VP... how did she manage to pull off a 6 figure salary in her first year? :confused:
Sale commissions?
Smoothie
Feb 2nd, 2008, 08:04 PM
Unless she went from pharmacy assisstant -> VP... how did she manage to pull off a 6 figure salary in her first year? :confused:
Sale commissions?
Sounds like commissioned sales to me. Esentially the same as his friend that went into real estate. Sales is not for everyone, those who do well can make some good money.
TheDarkRage
Feb 3rd, 2008, 06:46 PM
6 figures? She probably has a lot of wealthy clients, since it's commissions (financial advisor/retirement planning).
If she's selling mutual funds, she gets like what, 2-3% for commissions and MER?
KevC
Feb 3rd, 2008, 06:55 PM
It's great that you have a Bcomm + honours, and your CSC done! Congrats.... However this if this is the only position you've been offered after looking of a couple of months i'd take it.
If you are interested in Personal Finance this could be a great entrance into the banking industry. Once you prove yourself to the bank, your earning potentials will increase.
Sometimes education doesn't mean as much as work experience. I'm an econ major, don't have my CSC or an hounours degree, but I was offered a great job with a large bank due to my past employment history. Work experience and education go hand in hand.
May I ask what experience?
I'm doing an econ major... kinda worried about jobs.
ullyeus
Feb 7th, 2008, 12:34 PM
what do you do for a living, just curious.
I wear a few hats but I'd say I'd be best qualified as an IT manager.
weedb0y
Feb 7th, 2008, 12:51 PM
May I ask what experience?
I'm doing an econ major... kinda worried about jobs.
My brother works as an Accountant as an econ major. However, he is doing his CGA on the side as well.
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