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Message
Career change advice….
Posted on 8/16/24 at 9:41 pm
Posted on 8/16/24 at 9:41 pm
Early 40s, earn about 90% of household income.
Finance degree. Worked in consumer finance (branch manager, district manager) for 14 years. Currently an executive relationship manager ( think account manager who doesn’t sell)
Looking to find something in the $110k range…
I like the account manager role, but trying to find something that pays more.(thanks Joe!!!)
Don’t have a lot of connections, and in between BR and Hammond
Would be great if I got multiple responses telling me if opportunities, lol, but not expecting that.
Just some suggestions of where to start the search…
Finance degree. Worked in consumer finance (branch manager, district manager) for 14 years. Currently an executive relationship manager ( think account manager who doesn’t sell)
Looking to find something in the $110k range…
I like the account manager role, but trying to find something that pays more.(thanks Joe!!!)
Don’t have a lot of connections, and in between BR and Hammond
Would be great if I got multiple responses telling me if opportunities, lol, but not expecting that.
Just some suggestions of where to start the search…
6
Posted on 8/16/24 at 11:23 pm to xBirdx
quote:
think account manager who doesn’t sell)
Think about moving to the side that sells. When you produce revenue you typically earn more.
Posted on 8/16/24 at 11:25 pm to NewIberiaHaircut
Yea I’ve thought about sales.
Only problem with me paying the bills, food, etc - they usually start low base, and have to build
If I could find something with decent base + commission that would work.
And why the hell dont job ads have the salary? Infuriating.
Only problem with me paying the bills, food, etc - they usually start low base, and have to build
If I could find something with decent base + commission that would work.
And why the hell dont job ads have the salary? Infuriating.
Posted on 8/17/24 at 7:40 am to xBirdx
quote:
Finance degree. Worked in consumer finance (branch manager, district manager) for 14 years. Currently an executive relationship manager ( think account manager who doesn’t sell)
Is this a banker? You work at a bank or loan company doing loans?
Do you not have other banking options? The banks by me sure seem to burn through people moving them around or whatever, there’s gotta be more money than $110k in banking career isn’t there?
Posted on 8/17/24 at 10:04 am to baldona
Consumer finance. I managed a bank for a short time as well….
Money isn’t that good tbh. Hard to make over $100k if you haven’t been there forever.
That’s kind of the point… I don’t have years to build up to that. If I stayed at my job now eleven, I’d be ok. Not wealthy , but not poor.
You just don’t know what you don’t know…. Always up to learn about new and different opportunities
Money isn’t that good tbh. Hard to make over $100k if you haven’t been there forever.
That’s kind of the point… I don’t have years to build up to that. If I stayed at my job now eleven, I’d be ok. Not wealthy , but not poor.
You just don’t know what you don’t know…. Always up to learn about new and different opportunities
Posted on 8/17/24 at 10:11 am to xBirdx
quote:
[embed]Finance degree[/embed]. Worked in consumer finance (branch manager, district manager) for 14 years.
quote:
Looking to find something in the $110k range…
Leave Louisiana.
Posted on 8/17/24 at 11:29 am to xBirdx
quote:
Consumer finance.
Sorry for my ignorance but I still don’t understand. You work for a larger company helping people with loans or a payday loan place or what? It’s not exactly easy to segue from one career making $100k to another without some sort of relatable skill or ability.
ETA: you have to always be planning and training for the next 3-5 years or else you are going to hit a ceiling career wise and end up needing to take a step or two back to open up room for new growth
This post was edited on 8/17/24 at 11:31 am
Posted on 8/17/24 at 1:44 pm to baldona
Consumer finance (mid tier credit - think 550-650 credit score) in between a bank (excellent to good credit) and payday ( credit sucks so bad they rarely check it)
Posted on 8/17/24 at 2:02 pm to xBirdx
quote:
( think account manager who doesn’t sell)
quote:
trying to find something that pays more.(thanks Joe!!!)
Yea it’s definitely biden’s fault
Posted on 8/17/24 at 3:08 pm to JohnnyKilroy
Yea bc inflation hasn’t driven up prices 30-50% on a lot of basic necessities….
Let me guess… Kamala voter right?
Let me guess… Kamala voter right?
Posted on 8/17/24 at 10:59 pm to xBirdx
quote:
they usually start low base, and have to build
If I could find something with decent base + commission that would work.
Negative ghostrider: I have a 6 figure base and make 6 figures in commissions as an Account Manager.. Get into B2B or industrial sales for a major corporation. Technology is big money and pays great money!
Posted on 8/18/24 at 4:46 am to xBirdx
quote:
Let me guess… Kamala voter right?
You come in here looking for suggestions and genuine advice and yet you get political and make dismissive remarks.
Don’t be a jerk.
Posted on 8/18/24 at 9:32 pm to Paul Allen
You have to get out of consumer lending. Or the retail bank branch type job
If you’re going to ever make money in finance it has to have a business or commercial side to it.
Can you find a business banker role? Just somewhere that you can cut your teeth, get some training and learn some basic business credit skills? Some of the larger banks might be the best place to look. They typically have good training programs. Get the training there and then bolt to a smaller community bank. Earning potential on the commercial side is sky high.
If you’re going to ever make money in finance it has to have a business or commercial side to it.
Can you find a business banker role? Just somewhere that you can cut your teeth, get some training and learn some basic business credit skills? Some of the larger banks might be the best place to look. They typically have good training programs. Get the training there and then bolt to a smaller community bank. Earning potential on the commercial side is sky high.
Posted on 8/18/24 at 9:43 pm to xBirdx
quote:
Let me guess… Kamala voter right?
u nailed it. he absolutely was a biden/harris voter.
Posted on 8/19/24 at 10:38 am to Im4datigers
Great advice…. When you say commercial side, what exactly do you mean?
I’m familiar with commercial lending obviously, but are their other roles?
To be fair, my banking experience was less than a year, as I found a higher paying job. Although in hindsight, should have stayed, as I was laid off 2.5 years after….
I’m familiar with commercial lending obviously, but are their other roles?
To be fair, my banking experience was less than a year, as I found a higher paying job. Although in hindsight, should have stayed, as I was laid off 2.5 years after….
Posted on 8/20/24 at 10:13 am to xBirdx
Anything that’s non-consumer.
Start out in credit underwriting if you can find something there. If not, then look for a small business banker type role. That way you can train and learn at the same time. Those roles have become glorified order takers but if you take a small business banker role with the mindset you’re going to learn and bolt into a true commercial role later on then it’s not bad.
Anything commercial real estate will make you good money as well on the banking side.
Start out in credit underwriting if you can find something there. If not, then look for a small business banker type role. That way you can train and learn at the same time. Those roles have become glorified order takers but if you take a small business banker role with the mindset you’re going to learn and bolt into a true commercial role later on then it’s not bad.
Anything commercial real estate will make you good money as well on the banking side.
Posted on 8/21/24 at 4:42 pm to Paul Allen
Democrats are the worst
This post was edited on 8/21/24 at 8:45 pm
Posted on 8/22/24 at 1:36 pm to xBirdx
Maybe side hustle time 
Posted on 8/22/24 at 3:16 pm to Im4datigers
quote:
Anything commercial real estate will make you good money as well on the banking side.
Which sectors of CRE are healthy these days?
Posted on 8/22/24 at 4:20 pm to xBirdx
quote:So your spouse is making less than 20k per year?
Early 40s, earn about 90% of household income. Finance degree. Worked in consumer finance (branch manager, district manager) for 14 years. Currently an executive relationship manager ( think account manager who doesn’t sell) Looking to find something in the $110k range…
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