Switching Careers After 17 Years in Banking: What's Next?

Ans: I understand the public sector banks have lost their comfort zones.. The screws are tightened, banks are merged, it's one job yet three activities even more... Multi tasking!?

Not happy with multi tasking don't think the private sector is a bed of roses.

Well you are experienced and will be certainly needed in NBFC or corporate finance and accounting.
Try your luck.. Remember you could be jumping from frying pan to fire!?

If you do need further professional advice happy to assist
https://m.me/maxim.emmanuel.2024

Ans: I'm sorry to hear about the difficulties you're facing in your current role. It's crucial to prioritize your mental and physical well-being, and considering a career switch can be a step toward a healthier and more fulfilling professional life.

Reflect on your skills, interests, and what aspects of your current job you enjoy or excel at. Consider taking a career assessment test to identify potential career paths aligned with your strengths and interests.

Use your banking experience to become a financial advisor or wealth manager. This role allows you to work closely with clients to manage their finances, investments, and retirement planning. You can transition to a corporate finance role within a company, focusing on financial planning, analysis, and management. You may decide to leverage your banking experience to move into risk management or compliance roles, focusing on ensuring organizations adhere to regulations and manage risks effectively.

If you enjoy mentoring and educating others, consider teaching finance, banking, or business management at educational institutions.

If you have a business idea or passion project, consider starting your own business. This allows for more control over your work environment and schedule.

You can use your extensive experience to become a consultant in banking, finance, or business operations. Consultants often have more flexible work arrangements and can work on diverse projects.

Switching careers can be daunting but also rewarding if it leads to a healthier and more satisfying professional life. However, with your experience, it should be a fairly simple thing for you to do.

Prioritize your health, do thorough research, and make a strategic plan to achieve a successful career transition.

Ans: Dear Ms. Jyoti, You have wonderful career in a very progressive sector ie Banking . Since you are qualified as Investment Banking , I won't suggest you to change your career track in the sector which is from any angle not suitable for you. Had you been a fresher , I could have advised you to take a chance.

Ans: Raj Sir, Please stay with the bank and don't quit until you find employment outside of the banking industry. Depending on your interests, aptitude, attitude, & personality traits and the job market trends, you will need to choose amongst alternative career options. Additionally, if you choose to transition to a different field, you need to be knowledgeable about that field and/or gain the skills and expertise that nearly all employers and recruiters require. Make a shortlist of your interests, set up job notifications on LinkedIn to learn about open positions, and continue to improve your skills through both online and offline channels. You must, however, consider the essential and noteworthy qualities or benefits that you will gain by taking these courses, such as: (a) the course's relevance; (b) accreditation and recognition; (c) the instructors' expertise; (d) the course's content and curriculum; (e) the learning format and flexibility; (f) the duration and commitment; (g) the fee structure; (h) the certifying authority and credibility; (i) evaluations and endorsements; (j) post-certification assistance/career services; (k) the evaluation and certification process; and (l) the technological framework used. All the BEST for Your Prosperous Future.

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