When I started looking at careers for a historically savey, type-a, feminist people person, several options came about. Marketing, legal, non-profit work, but the financial sector fit me best. I love meeting, cooresponding with, and helping all types of people. In the first two years, the culture at our office was youthful and hardworking. We were all fairly young and were learning and trying to "make it" in the business. Some of us have come out the other side, others didnt. However, as most large organizations do, the culture at our office has changed over time. Since the financial crisis of 08, the lay of the land in our industry is drastically different. If you had spoken with an advisor from Merrill Lynch two years ago about moving to Ameriprise, they might have laughed at you. Mostly because we were a company struggling to spin off from American Express, and they had a long rich history with a very familiar and well established name. Now they are Bank of America and all has changed.
They are not the only financial institution affected by this crisis. Morgan Stanley is MS-Smith Barney. Wachovia is now Wachovia-Wells Fargo. We have aquired HR Block FAs, Threadneedle, Seligman, and recently a large portion of Columbia fund's assets. Change brings uncertaintly, and now advisors from each of those firms, that two years ago scoffed at the idea of working for a planning firm and not an investment bank, are scurrying in our doors by the masses. We have four new advisors this year alone. (We had 5 all of last year). They are currently adding more offices onto ours. Suddenly Ameriprise looks fantastic.
This, as you can imagine, drastically changes the office enviroment. All of these new advisors are men and over the age of 45. There is a saying in our industry that you work very hard for little pay at the beginning of your career and work very little for much more later. I'm not saying these "newbies" arnt hard workers, because at one point they were starting out too, but they are def no longer in the struggling stage of this business. This brings with it attitudes of entitlement, and dare I saw it....Egos.
In other news. Jbg heard back from Regions, and didnt get the job he was going after. We really though this one would happen. Keep thinking of us as he pretty much starts the search over tomorrow. This is such an awful time to have graduated from law school, but I am confident he will find something, even if it isnt in law or exactly what he wants right now. Sometimes I wish some of the Egos I work with could be humbled by unemployment. Not that I wish it on anyone, bc it is not just difficult financially, but also psychologically. However, I think to empathize with it would would be the ego check that some people desperately need.
In a TOTALLY unrelated topic. Tonight on Biggest Loser they featured my new favorite snack: Yoplait Smoothies! Bob said they were a great snack. BOOYA!





I throughly enjoyed your cartoons as I literally LOL'ed. It has been shocking to see how much the office has changed this past year. And I couldn't agree with you more.
ReplyDeleteJeris, I do feel your pain. The OBC is alive and well and they walk among us. The Old Boys Club -- is the testosterone laiden version of yentels, IMHO. Few are the men that don't feel threatened by strong, competent women. And I'll you another little secret -- the most dangerous animal you will ever encounter is a young man with a mortgage and a stay-at-home wife. They are vicious, and justified in their mind.
ReplyDeleteBut they're not all like that. I'm in a niche business that generally still considers women to be a failed experiment. Consequently, I can count my female peers on my fingers - on one hand. But there's more to the story -- there are a few good men - mostly fathers of daughters -- that aren't threatened, and will give you the respect you earn -- and even give you some respect on credit. Those men, thankfully, seem to rise to the top in their organizations. It's not just female -- it's youth -- it's color -- it's anybody that doesn't fall into the cliche American businessman. Prejudice will exist as long as fear exists, chasing a few chits, defending hearth and home.
But don't forget that these guys who have had to leave their beloved old-name firm have already been the new kid more times than they want to remember - most thought they'd never have to go through that again. Starting over isn't easy - even if you bring a good portfolio with you. It's insulting -- it's agitating -- it's scary.
Stay the course -- it will all make sense when you see it in the rear view mirror. That is a true "ah hah" moment.
Big hug --
anita