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Career Growth

1w (edited)

pleasantfox

works at

Insurance Sector

Stability vs Growth

I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else

Comments

Popularity

a senior accountant

I Think 5 years se zyada kisi company mein nahe hona chahiye

lightbringer

works at

Cyient

@a senior accountant 5 saal nahi, 2 saal se zyada nahi rahna ek company me unless good raise mila to.

a senior accountant

[lightbringer](username) Gratuity mil jati hai and afcourse agar growth mila . But sab milake 5 years is maximum

lightbringer

works at

Cyient

@a senior accountant Bro, my bhi 7.7 year ek hi company me kara sirf 1.6 lakh gratuity mili jo base salary par depend hai calculation.

lightbringer

works at

Cyient

@a senior accountant 7.7 year ek hi company me is my biggest mistake

hoofhearted

A Senior Software Engineer

Such a grounded perspective. These are the kind of hard truths we rarely hear in corporate townhalls.

an assistant manager

Sach bolu toh “loyalty” ka sabse zyada faayda HR ko hota hai, employee ko rarely. Sahi bola sir!

a digital marketer

Totally disagree...may be someone started late!

mohmaya

works at

Cipla

Wish someone told me this at 25. Now doing damage control in my 30s

pleasantfox

author

works at

ICICI Prudential Life Insurance

[mohmaya](username) 30s is good, in 40s this can hit hard

veganbob

works at

Amazon

Totally agree. Curious though, would you still recommend staying in BFSI for someone starting out?

pleasantfox

author

works at

ICICI Prudential Life Insurance

[veganbob](username) BFSI can give you good learning experience if you are just new, wealth managers earn well. Backend offers lot of learning, you can just explore. Sector is big with many listed companies, so career can be good and long .

a team lead

Retirement plan: earn > save> get replaced > live on savings. This post is free career therapy.

chrispbacon

An Assistant Manager

This hit hard. We often confuse stability with growth, thanks for this reality check

lesspine

23h

works at

Infosys

Thankyou for the advice

punctualcircuit

works at

HDFC Bank

golden rule of career Switch karne ka mauka mile, toh switch maar lo , zyaada lloyaty ke chakkar mein khud ka hi kat ta hai

sabkibiwi

A Senior Executive

loyalty sirf dogs ke liye achhi hoti hai, employee ke liye nahi

monumentalfire

works at

aeronexatravel

i worked with refundback company on google and it was very good

loyalpunch

works at

Larsen & Toubro Limited

I am working in an organization from past 7 years. Am 30 now. NIT-IIT but still stuck at 14 LPA. Also the environment in this org is highly politicised and unfair.