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re: I'm making a career change. Any ideas?

Posted on 8/26/14 at 11:45 am to
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
7666 posts
Posted on 8/26/14 at 11:45 am to
quote:

You are correct


I know.
Posted by UMRealist
Member since Feb 2013
35360 posts
Posted on 8/26/14 at 11:49 am to
quote:

Haha, I actually work in the Jackson-metro area


I actually spent 6 months in a branch in Jackson. Hated the job something serious.

I enjoy my new job for the most part but I don't make much money (Around 30k) and even if I spend 30 years advancing to the top position in our agency the salary is only around 80k. That's an enormous if though.

Eventually I'll need a change.
This post was edited on 8/26/14 at 11:50 am
Posted by DosManos
Member since Oct 2013
3552 posts
Posted on 8/26/14 at 11:55 am to
quote:

If you decide to go into fetish porn make sure it's written in your contract that you always have to wear a mask.

Then you go back to get your EE degree with a couple hundred grand in your pocket so your family doesn't suffer.

Get a job at google designing electrical systems and drones and shite.

Invite your coworkers over to your new house for a pool party and brew dogs.

There's gonna be a couple dudes there that recognize that tat on your arm from somewhere they can't quite pinpoint. If you're lucky, they'll chalk it up to déjà vu. If you're not, then atleast you wore the mask and you can deny and call the dude a creepy perv and you have leverage on that dude.

Wait til he does something revolutionary and blackmail him.

Kill him.

No witnesses.


Posted by DosManos
Member since Oct 2013
3552 posts
Posted on 8/26/14 at 11:56 am to
quote:

But I bet you can't name a single American trading house for physical commodities. We just don't trade. The rest of the world does it for us.

I played with the career for 15 years before I jumped into it with both feet 3 years ago. There's a steep learning curve, but it's worth it. Especially if you're still young.


quote:

Interesting post. What kind of job titles do these positions have?



Yeah, what kind of titles do these positions have?

Posted by PharmacistReb
Oxford, MS
Member since Jan 2009
5058 posts
Posted on 8/26/14 at 2:44 pm to
Franchising or small business ownership.

Unfortunately, politics is involved in most every job unless you're working for yourself.

I work small business and there's a ton of cash to be made with complete autonomy over decision-making and living in the rural south. I'm constantly trying to figure out ways to grow business and make more $$$ and I enjoy the smaller setting.
Posted by MasCervezas
Ocean Springs
Member since Jul 2013
7958 posts
Posted on 8/26/14 at 2:55 pm to
i've decided i'm going to start the process of becoming an actuary. I'm taking a study course online next month to get ready for the first exam (probability).

It's somethingI can do while I keep my current job, and I don't have to go back to school. We'll see how it goes
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24933 posts
Posted on 8/26/14 at 3:02 pm to
Good luck. From what I have read it takes a certain kind of person to enjoy it...and a lot of people are put off by the beginning of the career which seems to just be an Excel jockey.
Posted by UMRealist
Member since Feb 2013
35360 posts
Posted on 8/26/14 at 3:23 pm to
Good luck man. It's a really challenging career path but obviously the financial benefit is legit if you make it and are in to it.
Posted by No Colors
Sandbar
Member since Sep 2010
10336 posts
Posted on 8/26/14 at 4:44 pm to
quote:

nteresting post. What kind of job titles do these positions have?

The titles are essentially meaningless. You are a physical commodity trader. Not like the electronic kind where you are buying and selling futures and options.

You've got a client with a feed mill in Sitchuan China. He needs 5 containers of soybean meal per week. You have to buy it and work out the logistics of getting it to him, and keep all the documents straight.

A typical split of profits is 1/3 to you, 1/3 covers your overhead, and 1/3 goes to the stockholders of the trading house who's money you have at risk.

Job title might be something like: Category Manager, Forest Products. Or Animal Feed. Or whatever you are trading.

It's all about the money, not the titles or the politics.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 8/26/14 at 4:49 pm to
quote:

I'm making a career change. Any ideas?


What type of banking do you do if you don't mind me asking. I am currently in the same field and enjoy it.
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24933 posts
Posted on 8/26/14 at 5:51 pm to
Ok. I guess I was more asking how one gets into this career.
Posted by No Colors
Sandbar
Member since Sep 2010
10336 posts
Posted on 8/26/14 at 6:38 pm to
Honestly, you can start by spending some time on Alibaba. There are a lot of people who trade there in their spare time.

One piece of advice I would give you is to pick something you know something about and can bring some value. Most people try to make money the easy way by handling everything online and never touching anything. You can separate yourself and make some extra money by getting personally involved.

As an example, you can go to Alibaba and find people in Asia who want maybe one container of 2x4 lumber, as an example. Most sawmills won't fool with am order that small, and most will not sell to a foreign buyer.

But maybe you know someone who knows someone in management at the sawmill. Or maybe you knock on their door and tell them you want to break into the export business and are trying to learn it one container order at a time. They will probably respect and admire that.

So you get them to sell you 18,000 feet of lumber. Have them set it out in the parking lot out of the way somewhere. The call for your container. The lumber bundles will be in dimensions suitable for a flatbed, not a container. So to load the container efficiently you are going to have to break down the bundles and re stack the lumber to fill the inside of the container.

Along the way document and photograph each bundle. Manage all the paperwork yourself. You will learn a lot. On a trade like that, with you loading the container and doing everything yourself, you ought to be able to make $1000.

You can do something like that on the weekends and learn your way into it. What you will soon figure out is that the commodity is just a place holder you are really in the logistics and finance business. Lumber, corn, DDGs, recycled paper, scrap metal. It all trades and you can make money in whichever commodity you have am interest in.
Posted by tennessee391
Member since Dec 2008
4885 posts
Posted on 8/26/14 at 6:49 pm to
My sister is an actuary.. Makes about 60k right now in her first year. I think she's only passed one exam.. maybe she passed two, I don't remember.
Posted by UMRealist
Member since Feb 2013
35360 posts
Posted on 8/26/14 at 7:10 pm to
If I'm not mistaken you have to pass the first two before you can begin the work.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105393 posts
Posted on 8/26/14 at 7:34 pm to
Political game is always present in a career you want to advance in. The only time you don't in a company is if you own your own.

Then you get to play the game with customers...
Posted by Bham4Tide
In a Van down by the River
Member since Feb 2011
22085 posts
Posted on 8/26/14 at 7:50 pm to
Advice: Don't quit your current job until you find the next one - do school at night or online.
Posted by cas4t
Member since Jan 2010
70891 posts
Posted on 8/26/14 at 8:26 pm to
The hell is alibaba? I googled and am still slightly confused..
Posted by UMRealist
Member since Feb 2013
35360 posts
Posted on 8/26/14 at 8:37 pm to
I feel like it has something to do with Aladdin.


eta: Prince Alibaba LINK
This post was edited on 8/26/14 at 8:38 pm
Posted by No Colors
Sandbar
Member since Sep 2010
10336 posts
Posted on 8/26/14 at 8:38 pm to
Alibaba is where people hook up for international trade.

Some company in India is making 10 million match sticks per day. So they will advertise for so many feet of cottonwood lumber. If you're a sawmill, you can make them an offer.

It's everything. Computer parts, bicycles, grain, cloth, finished clothes. Anything. It just matches up buyers and sellers.
Posted by MasCervezas
Ocean Springs
Member since Jul 2013
7958 posts
Posted on 8/26/14 at 8:44 pm to
Mainly consumer lending. Dont have any authority though, I just take the app and someone else makes the decision
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