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4 Job Offers which One will u Choose

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Old 11-01-2014, 03:34 PM
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Default 4 Job Offers which One will u Choose

Hi, I am recently offered 4 different opportunities from different sector and I am really at wit's end as to which option to take up. They all seem very interesting and challenging to me, and I believe I have the capability to do each and every job well. The respective hirers of these 3 comapnies seem very sincere in grooming me and have already tabled their offers.

The only catch is I am turning 36 this year and I have been self-employed for the past 2.5-3 years as a freelance full-time tutor. Previously, I have been paying my dues for 7.5 years in the banking and finance industry since i stepped out of school with a local engineering degree, up to priority banking financial services and corporate banking

The first is Online Education where I will be flimed and teaching sciences from P3 to Sec 4 in front a cam for 3 months and the remuneration I am getting is about 4.8K/month. Subsequently on the 4th month onwards, once product launched, I will not have any salary but I get a cut (small %) of its monthly sales revenue (i.e monthly subscription by sales volume)

The second is a boutique headhunting firm that offers a basic of $3K/mth + additional incentives. The portfolio I am handling will be to source client companies for contract/temp (6mth - 2years) assignments and then search, screen, vat candidates for placements in these respective contract/temp positions (mainly in HR/Finance) for these companies

The third is a consultancy firm for SME and Corporate financing. The only catch is No basic, full commission job. It's a hunter role where cold leads are provided and I am required to cold call clients. The company does not disburse any loans. They are representing different financial institutions to offer different types of financing solutions to companies. I get a cut of the fee charged to clients

The last is a Financial Svc Mgr with an Insurance agency (but not the top 4 insurance firm, AIA, Pru, GE, NTUC Income) . Must bring at least two agents on board. Overriding on my agents is slightly more than 50%

My interest is equally strong for these 4 firms, as I am primarily motivated to earn a potentially higher income. I have been self-employed (Pte tutor) for 3 years and my savings were entirely wiped out owing to business ventures/investments that went wrong from 2008 to 2013. I am as good as starting from scratch and I have loans to pay (flexible payment) but not a bankrupt. I intend to get married at the end of this year or the 1st Quarter of 2015. Hence I am in a dilemma and I really do not know which journey to embark on. I'm afraid of making the wrong decision again

I sincerely appreciate if fellow forummers can give and offer their suggestions, tips or advice as to which job will be more suitable with respect to my current situation, as I feel I can do well in these jobs and I am keen on these 4 sectors. However, these companies are not willing to let me handle 2-3 roles at one go, as they want my full commitment and focus

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Old 11-01-2014, 07:38 PM
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Originally Posted by torensic View Post
Hi, I am recently offered 4 different opportunities from different sector and I am really at wit's end as to which option to take up. They all seem very interesting and challenging to me, and I believe I have the capability to do each and every job well. The respective hirers of these 3 comapnies seem very sincere in grooming me and have already tabled their offers.

The only catch is I am turning 36 this year and I have been self-employed for the past 2.5-3 years as a freelance full-time tutor. Previously, I have been paying my dues for 7.5 years in the banking and finance industry since i stepped out of school with a local engineering degree, up to priority banking financial services and corporate banking

The first is Online Education where I will be flimed and teaching sciences from P3 to Sec 4 in front a cam for 3 months and the remuneration I am getting is about 4.8K/month. Subsequently on the 4th month onwards, once product launched, I will not have any salary but I get a cut (small %) of its monthly sales revenue (i.e monthly subscription by sales volume)

The second is a boutique headhunting firm that offers a basic of $3K/mth + additional incentives. The portfolio I am handling will be to source client companies for contract/temp (6mth - 2years) assignments and then search, screen, vat candidates for placements in these respective contract/temp positions (mainly in HR/Finance) for these companies

The third is a consultancy firm for SME and Corporate financing. The only catch is No basic, full commission job. It's a hunter role where cold leads are provided and I am required to cold call clients. The company does not disburse any loans. They are representing different financial institutions to offer different types of financing solutions to companies. I get a cut of the fee charged to clients

The last is a Financial Svc Mgr with an Insurance agency (but not the top 4 insurance firm, AIA, Pru, GE, NTUC Income) . Must bring at least two agents on board. Overriding on my agents is slightly more than 50%

My interest is equally strong for these 4 firms, as I am primarily motivated to earn a potentially higher income. I have been self-employed (Pte tutor) for 3 years and my savings were entirely wiped out owing to business ventures/investments that went wrong from 2008 to 2013. I am as good as starting from scratch and I have loans to pay (flexible payment) but not a bankrupt. I intend to get married at the end of this year or the 1st Quarter of 2015. Hence I am in a dilemma and I really do not know which journey to embark on. I'm afraid of making the wrong decision again

I sincerely appreciate if fellow forummers can give and offer their suggestions, tips or advice as to which job will be more suitable with respect to my current situation, as I feel I can do well in these jobs and I am keen on these 4 sectors. However, these companies are not willing to let me handle 2-3 roles at one go, as they want my full commitment and focus

Either 1 or 2.
I would ask Employee 2 to wait for 3 months as I have to complete an important assignment.
I will join Employee 1 and work for 3 months and after that earn royalty from them. Since, I will not be fully employed by them, I should be free to join Employee 2.

After 3 months, I will be working with Employee 2 and earning monthly payouts from employee 1 on the sales.

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Old 11-01-2014, 11:52 PM
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I agree with the reply above. If 2 can't wait, then just go with 2.

I'm assuming 4 doesn't pay a good fixed salary. You did not mention any pay. Are you able to bring 2 agents on board as well?

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Old 12-01-2014, 12:53 AM
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Heh guys, thanks for your advice and suggestions. Yea I guess 2 or should i say all cannot wait... I am expected to give every party an answer by this Tuesday and start working on Wed

It seems like you guys are suggesting that I should work in a job that offers basic salary... income security, I reckon.. what about the consultancy firm for SME financing? So far, from what I have gathered, there seems to be only one competitor at the moment, that provides these holistic solutions for corporate entities

Regarding the Insurance agency, they are not offering any basic salary, just pure commission i.e. 55% overriding of my team's sales. Sincerely speaking, I have no one to bring onboard... I tried posting advertisements on free online classified ads websites, like sgadsonline, mysgfreeclassified etc... but there were no responses or replies

However, the good thing about this agency, is that they have a specialised internal team to hunt for agents (mini headhunting team, comprising of 2 recruiters) to come on board and join this agency... unlike the ones we always hear, where the manager is expected to advertise, hunt, recruit and hire insurance agents, form a team and then get them to run their sales
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Old 13-01-2014, 04:55 PM
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Quote:
Originally Posted by torensic View Post

It seems like you guys are suggesting that I should work in a job that offers basic salary... income security, I reckon.. what about the consultancy firm for SME financing? So far, from what I have gathered, there seems to be only one competitor at the moment, that provides these holistic solutions for corporate entities
I would be having a big headache to if I were faced with these 4 choices.

Because... none of them sound very good. Sorry.

But like the previous posters, I would go with #1 too. Look for something better after the 3 months and also get supplemented with the loyalty fees (?) from #1.

Wouldn't it be wiser to find a relevant job that leverages your 7.5 years experience in banking?

The harsh truth is that you need money, a lot of it and you need it to be stable. A semi-stable banking job would be the best practical choice possible even if you don't like banking anymore imho.
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Old 17-01-2014, 01:57 PM
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No doubt about it aspenx, i don't deem these 4 offers as a valued proposition as far as my career prospects are concerned. However I guess I have to start somewhere... I tried to leverage on my experience which I had in banking and finance for 7.5 years. However, most companies were not willing to give me an opportunity for an interview. A few which did, would choose to recruit an experienced hire who is currently on the job, in the market

I left banking and finance industry since April 2010 and I embarked on the journey in private education as a freelance private tutor. Recently, I have decided to go back to the commercial sector and that could probably be the reason why these companies are only willing to offer that much (or meagre) in terms of wages

On Tuesday, I was actually ready to accept the offer as a headhunter (Option 2). However owing to a stroke of luck (or a lack of it thereof), the boss was away on an overseas trip when I made my way down... Gee, everything was held up as I wanted to discuss the possibility of participating in Option 1 (Online Education project, commitment of 3 months initially) with the Headhunting firm.... seems like I will only get to see the Headhunting firm next Monday

Good news is, after negotiating with the boss of Option 1 (Online Education), he is willing to reduce my commitment for the fliming to 1 month... I can choose to be involved in the fliming for either Primary or Secondary lectures

I went over to the SME financing firm on the same day on Tuesday to personally reject the offer... in the end, they counter-offered me with a new package... it is not very attractive but it is food for thought

The SME financing firm offered me a basic salary of $2000 + Commission for the first 3 months. And then going back to Full Commission (no basic) from the 4th month onwards. They are willing to offer me some warm leads to work on while at the same time, I have to source for some new businesses via cold leads.

With so many different permutations, I am in a further dilemma now (Headache man!)... i did try to send out more resumes since last Friday but to no avail as there is no news. Seems to me that my options are still limited to these 4 offers, with a marginally improved proposition from the SME Financing company


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Old 17-01-2014, 02:04 PM
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Quote:
Originally Posted by torensic View Post
With so many different permutations, I am in a further dilemma now (Headache man!)... i did try to send out more resumes since last Friday but to no avail as there is no news. Seems to me that my options are still limited to these 4 offers, with a marginally improved proposition from the SME Financing company
At least things seem to be getting better for you!
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Old 18-01-2014, 04:58 AM
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hmm so your option 1 will pay u 4.8k for the first month then you gain residual income via the sales of the video filmed, that's great man dude, i'm happy for ya.

Ok it seems like option 4 is out of the way now. However, if you do end up recruiting 2 highly capable agents, this option might prove to have the potential to generate a substantial revenue for you.

Option 3 will give you 6k in total for the first 3 months, assuming the warm leads work out, it will further increase your revenue. If you can find out how much revenue your warm leads will add... then you factor that in as your income from 4th month onwards.

Option 2 will give u 3k every month, so in 1 year, you will get 36k.

-----------------------------------------------------------------
Roles breakdown from each option:

Option 1 -> Actor, collect royalties (1 month)
Option 2 -> Headhunter/Recruiter
Option 3 -> Sales Manager/Business Development Manager
Option 4 -> Financial Services Manager
-----------------------------------------------------------------

In terms of which option will offer you stability to your current situation, I would say option 2. In terms of which path will offer you back a stable banking job, I would say option 3 or 4.

You might be having feelings of anxiety, stress and depression as of now, like wanting beat yourself for making the wrong decisions.

Nevertheless, don't be too disheartened with your current predicament, your options may be limited as of now, but your situation WILL definitely improve.

Your business ventures and investments didn't work out, it's ok. Most business leaders usually fail and fail and fail before they finally launch a product or service that is successful. The experience you have gained thus far from being an entrepreneur and an investor is extremely valuable, don't let anyone tell you otherwise.

You might be taking a slight detour at the moment, but I do believe that success is definitely within your path. Therefore my friend, be of good cheer.


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Old 19-01-2014, 02:52 AM
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Hi Thread 8 bro, I really appreciate your encouragement and support

Yup I am feeling extremely anxious and worried right now.. it's 2.30am in the morning and I still could not sleep due to my impending decision come Monday or Tuesday... I am currently split between Option 2 and Option 3, I have a tendency to lean towards these options at the moment... I also tried to pre-empt these roles by doing some legwork and market research of my own

I put up some advertisements on online free classified websites such as sgadsonline and mysgfreeclassified to hire and recruit some insurance agents/financial services consultants but no one responded to my online recruitment advertisement... Hence my chances of recruiting 2 or more agents to join the insurance industry is pretty low. If I have the privilege to recruit 2 or more capable agents to join my team, then I have to admit and agree this Option 4 is going to be very rewarding... alas, up till this point, it seems like it is not meant to be

Yea Option 2 headhunter role certainly offers immediate stability right now, at least in the short term... but in the medium to long term, could I see a potential growth in my income and my career prospects? This is something that I have been seriously thinking about for the past few days.. progression of senior headhunter, team lead, or to a larger firm like Hay's, Stuart Spencer??

Initially I had this impression I would be handling a portfolio of clients where they are seeking headcounts to fill up executive or senior executive positions. I am aware I will not be allocated a portfolio of clients in the senior management, directorial segment owing to my lack of relevant experience in the headhunting industry even though I have done front line sales in both consumer/corporate banking and in private freelance education

What struck me most was, the headhunting firm wanted me to penetrate a new segment of the business instead, where I gotta call up existing clients as well as cold call new clients whom we have never had a relationship with, to provide this headhunting firm an opportunity to place contract staff (0.5-2 year contract positions) on behalf of these client companies... btw this headhunting firm has never dealt with contract positions before; they are mainly focused on search and placement of permanent roles.... thus they wanted to penetrate and hv a share in this new contract market segment

It's gonna be a daunting task, as i do not only source deals from exisitng and new client companies, subsequently I have to do the candidate searches all alone by myself, where the usual screening, vetting, interviews and then recommending the potential candidate for placement with these client companies, will then start rolling and kicking in

I can foresee drawing a basic salary in the next 3 to 4 months, owing to a tremendous amount of groundwork and foundation I need to establish in this new business development and penetration of contract positions... I only draw additional commission unless I have placed about 2 successful candidates in a month. Otherwise, if I only managed to place one successful candidate in a month, I won't be entitled to any commissions i.e. I am just justifying my basic salary of $3K during this window period

Option 3 does offer an avenue and a path back in the financial industry in the medium term, especially in SME Banking or probably even Investment Banking since this company does offer debt capital raising, even though the opportunities are far and few (gotta hunt for it)... my only concern is the basic salary for 3 months... I am willing to give it a shot even if they could only offer me $2K basic salary + commission, but the only issue is, from the 4th month onwards, will I be able to sustain a reasonable amount of income (achieved a reasonable sales revenue) going forward since it is fully commission-based thereafter?

Honestly, how do u guys feel about the SME financing environment (not consumer loans)right now and going forward in the near future? Cheap credit is readily accessible as rates are low.... but the issue of QE where bond purchases are gonna be gradually reduced and there could potentially be a rise in interest rates in 1st Quarter 2015, is a concern for me as well... no doubt I hear of a few people saying that companies, unlike individuals, will still require financing to improve their cashflow etc, even when interest rates are gradually increased, thus there could still be a few years of potential upside in the SME financing segment... Gee what do u guys think?
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Old 19-01-2014, 04:16 AM
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Hi Thread 8 bro, I really appreciate your encouragement and support

Yup I am feeling extremely anxious and worried right now.. it's 2.30am in the morning and I still could not sleep due to my impending decision come Monday or Tuesday... I am currently split between Option 2 and Option 3, I have a tendency to lean towards these options at the moment... I also tried to pre-empt these roles by doing some legwork and market research of my own

I put up some advertisements on online free classified websites such as sgadsonline and mysgfreeclassified to hire and recruit some insurance agents/financial services consultants but no one responded to my online recruitment advertisement... Hence my chances of recruiting 2 or more agents to join the insurance industry is pretty low. If I have the privilege to recruit 2 or more capable agents to join my team, then I have to admit and agree this Option 4 is going to be very rewarding... alas, up till this point, it seems like it is not meant to be

Yea Option 2 headhunter role certainly offers immediate stability right now, at least in the short term... but in the medium to long term, could I see a potential growth in my income and my career prospects? This is something that I have been seriously thinking about for the past few days.. progression of senior headhunter, team lead, or to a larger firm like Hay's, Stuart Spencer??

Initially I had this impression I would be handling a portfolio of clients where they are seeking headcounts to fill up executive or senior executive positions. I am aware I will not be allocated a portfolio of clients in the senior management, directorial segment owing to my lack of relevant experience in the headhunting industry even though I have done front line sales in both consumer/corporate banking and in private freelance education

What struck me most was, the headhunting firm wanted me to penetrate a new segment of the business instead, where I gotta call up existing clients as well as cold call new clients whom we have never had a relationship with, to provide this headhunting firm an opportunity to place contract staff (0.5-2 year contract positions) on behalf of these client companies... btw this headhunting firm has never dealt with contract positions before; they are mainly focused on search and placement of permanent roles.... thus they wanted to penetrate and hv a share in this new contract market segment

It's gonna be a daunting task, as i do not only source deals from exisitng and new client companies, subsequently I have to do the candidate searches all alone by myself, where the usual screening, vetting, interviews and then recommending the potential candidate for placement with these client companies, will then start rolling and kicking in

I can foresee drawing a basic salary in the next 3 to 4 months, owing to a tremendous amount of groundwork and foundation I need to establish in this new business development and penetration of contract positions... I only draw additional commission unless I have placed about 2 successful candidates in a month. Otherwise, if I only managed to place one successful candidate in a month, I won't be entitled to any commissions i.e. I am just justifying my basic salary of $3K during this window period

Option 3 does offer an avenue and a path back in the financial industry in the medium term, especially in SME Banking or probably even Investment Banking since this company does offer debt capital raising, even though the opportunities are far and few (gotta hunt for it)... my only concern is the basic salary for 3 months... I am willing to give it a shot even if they could only offer me $2K basic salary + commission, but the only issue is, from the 4th month onwards, will I be able to sustain a reasonable amount of income (achieved a reasonable sales revenue) going forward since it is fully commission-based thereafter?

Honestly, how do u guys feel about the SME financing environment (not consumer loans)right now and going forward in the near future? Cheap credit is readily accessible as rates are low.... but the issue of QE where bond purchases are gonna be gradually reduced and there could potentially be a rise in interest rates in 1st Quarter 2015, is a concern for me as well... no doubt I hear of a few people saying that companies, unlike individuals, will still require financing to improve their cashflow etc, even when interest rates are gradually increased, thus there could still be a few years of potential upside in the SME financing segment... Gee what do u guys think?
Come on, why worry this, worry that. Got job or not still worry. Might as well don't work.

Sit back, relax, listen to yourself and ask which one u really want. If neither of these work, continue being a pte tutor but with a different strategy. I know pte tutors can now easily get a condo.

Some things u said are daunting tasks. But from what I see, the biggest obstacle is yourself.

Everyone wants high pay, but they can never be really happy. Pick the one which tells u: I'm glad I chose this and will nv regret my decision.
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