Comments on: Start Businesses or Get a Job After College? http://moneysocket.com/start-businesses-or-get-a-job-after-college/ Building wealth while enjoying life Fri, 21 Nov 2008 01:02:25 +0000 http://wordpress.org/?v=2.6 By: Jeremy http://moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-609 Jeremy Thu, 06 Dec 2007 16:10:04 +0000 http://www.moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-609 No problem. Unfortunately, that is sort of the name of the game when it comes to entry-level financial planning/advising type jobs. You will almost always end up starting as a commissioned broker of some sort. It sucks, I spent time at two firms doing that before I was able to move on to a salaried position elsewhere, but I hated every second of it. But if you do have any questions about it, just let me know. No problem. Unfortunately, that is sort of the name of the game when it comes to entry-level financial planning/advising type jobs. You will almost always end up starting as a commissioned broker of some sort. It sucks, I spent time at two firms doing that before I was able to move on to a salaried position elsewhere, but I hated every second of it.

But if you do have any questions about it, just let me know.

]]> By: Danny Tsang http://moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-596 Danny Tsang Wed, 05 Dec 2007 07:33:05 +0000 http://www.moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-596 Thanks for sharing your experience Jeremy. If I do go the career route, I was thinking of doing something in the realm of financial planning. The only thing that turned me off about a lot of financial advisor positions I researched, is that a lot of them are pretty much high pressure sales jobs. I don't want to be in the position where I have to decide between a commission or someone's financial future. Many of these positions just push high cost mutual funds and whole life insurance. I know there is a fine line between a financial advisor and a financial planner. There was some discussion about this in the PF blogosphere before. I hope you won't mind one or two annoying emails about your job if I do decide to pursue a career in financial planning :) Thanks again Jeremy. Thanks for sharing your experience Jeremy. If I do go the career route, I was thinking of doing something in the realm of financial planning. The only thing that turned me off about a lot of financial advisor positions I researched, is that a lot of them are pretty much high pressure sales jobs. I don’t want to be in the position where I have to decide between a commission or someone’s financial future. Many of these positions just push high cost mutual funds and whole life insurance. I know there is a fine line between a financial advisor and a financial planner. There was some discussion about this in the PF blogosphere before. I hope you won’t mind one or two annoying emails about your job if I do decide to pursue a career in financial planning :)

Thanks again Jeremy.

]]> By: Jeremy http://moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-580 Jeremy Tue, 04 Dec 2007 01:17:55 +0000 http://www.moneysocket.com/start-businesses-or-get-a-job-after-college/#comment-580 Well, I basically did all of the above. Immediately following college, I spent months searching for a decent job in my field. While searching for work, I basically did nothing. I did spend about 8 months day trading and trying to make some money that way. Problem was, the income was too inconsistent. So, I went into business. I had a few side projects that I was always kicking around but never fully developed, so I decided to take the plunge. For about three years I helped establish a consignment shop while running a web hosting company. The money wasn't too bad, but "working" almost 24 hours a day became quite a strain. So, I put the businesses up for sale and eventually sold them. After that, I realized that I really enjoyed business and finance, so I prepared to for grad school and obtaining an MBA. Unfortunately, that is quite expensive, and my wife had decided to go to law school, so after one year I had to put school on hold and get a job. It has certainly been an experience, and I'm glad I had the opportunity to explore so many options. Sure, I might not be as far in my career as friends from college who got right to work, and since my businesses weren't incredibly successful I didn't become filthy rich, but I picked up a lot of experience along the way. Well, I basically did all of the above. Immediately following college, I spent months searching for a decent job in my field. While searching for work, I basically did nothing. I did spend about 8 months day trading and trying to make some money that way. Problem was, the income was too inconsistent.

So, I went into business. I had a few side projects that I was always kicking around but never fully developed, so I decided to take the plunge. For about three years I helped establish a consignment shop while running a web hosting company. The money wasn’t too bad, but “working” almost 24 hours a day became quite a strain. So, I put the businesses up for sale and eventually sold them.

After that, I realized that I really enjoyed business and finance, so I prepared to for grad school and obtaining an MBA. Unfortunately, that is quite expensive, and my wife had decided to go to law school, so after one year I had to put school on hold and get a job.

It has certainly been an experience, and I’m glad I had the opportunity to explore so many options. Sure, I might not be as far in my career as friends from college who got right to work, and since my businesses weren’t incredibly successful I didn’t become filthy rich, but I picked up a lot of experience along the way.

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