Post # 1
So the last few months my Darling Husband and I have been talking about him switching careers. He currently is in Project Management for Construction; he has an undergrad in Civil Eng and a Masters in Manufacturing. He loves building things and construction but the last few year’s things aren’t great in that world. He worked for a company for 6 years with no pay increase or bonuses because of the market, and he was always concerned about when his project was up if he would even have a job, he made a new switch about a year ago to another PM company and again is in fear of his job. At this point we are both considering a new move for him. He is great with math and numbers and we were talking about the idea of him getting in the Finance field, trades, investment, stocks and such, but really not sure where to start and how to go about it. We have read a lot of places want your Series 6_&7 and then some but you need to be sponsored in order to even obtain those. Anyone work in the Finance area and have any suggestions and advice on how he can get his foot in the door with a company, does he have to go back to school for his MBA?
Post # 3
I think it might be tough but do-able for him to make the switch without getting a series 6 or 7 or an MBA.
Could he maybe find less off a career jump (meaning sticking with project management but getting out of the construction industry)? Why doesn’t he look into getting his PMP certification? I’m sure he already has the hours. I do project management in education, there is lots of project management in MANY industries even finance and engineering.
Post # 4
Before considering a career change, I would suggest your husband talk to as many people as possible in the field he is considering and decide if its right for him. What is he looking for in a new career? Job stability? Growth potential?
You can’t get your series 6 or 7 unless you are sponsored by a registered broker/dealer. What you’ve listed above (investments, trades, stocks) sounds like he wants to be an investments advisor. Most of these jobs are commission only (and require him to get a large number of assets under management with in a year or two). This is really hard for most people new to the business. Its basically a sales job, except what you are selling is yourself and your ability to invest money.
If this is what he wants to do, he does not have to get an MBA.
Post # 5
I would be quite hesitant about being a newbie in finance right now though. Does he actually have a passion for it like construction? Can’t he do something else in engineering?
Post # 6
Civil engineering and construction are unfortunately in the tanker. But i don’t see how finance will be a whole lot better–not to mention probably a fair pay cut. The finance folks at my office always twittering over lay offs–i’ve had more than one person discuss the stability of engineering versus their field with me.
I ditto what a PP said about his PMP certification–a lot of companies will pay for that and he could always do that for another company by emphasizing the Project Management aspect and deemphasizing the construction part.
With a masters in manufacturing, he could look at a lot of non civil engineering type fields, too–not just construction. Look for manufacturing engineering, industrial engineering, tooling engineering, etc–those are all along the lines. And depending on the field, is probably safer than construction. If he truly loves it, he can get back into it when the economy picks up. Geotechnical engineering is another one
My husband went to school for Architectural Engineering and figured he’d get into construction project management–obviously this is the worst time ever for that field so he’s doing project management at MY company which is not construction at all! But he’s pretty psyched. Sometimes you just never know–it’s not his background at all, but they were impressed with his management skills. Management is management!