How can I make a wealthy living both legally and ethically?
October 19th, 2011 at 4:50:53 PM
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So I ask this seriously. I'm looking for actual concrete suggestions.
I have a California real estate license and a BA degree. I have experience in sales and am good at and enjoy math. I love music and would love a job doing something music-related, but it's not necessary. I don't want to be famous. And I don't want to work in sales anymore.
What can I do, again, both legally and ethically, to make a wealthy living? Ideally I'd like to make $100,000 a year or more.
I'm open to any suggestions. From where I am right now with my qualifications and experiences (or lack thereof) what kind of career options am I looking at? And I know many of you may want to bring up the less-than-ideal economy and the job market, but this is not a discussion on that. I'm asking for career suggestions only.
I have a California real estate license and a BA degree. I have experience in sales and am good at and enjoy math. I love music and would love a job doing something music-related, but it's not necessary. I don't want to be famous. And I don't want to work in sales anymore.
What can I do, again, both legally and ethically, to make a wealthy living? Ideally I'd like to make $100,000 a year or more.
I'm open to any suggestions. From where I am right now with my qualifications and experiences (or lack thereof) what kind of career options am I looking at? And I know many of you may want to bring up the less-than-ideal economy and the job market, but this is not a discussion on that. I'm asking for career suggestions only.
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October 19th, 2011 at 4:55:02 PM
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Quote: HotBlondeAnd I know many of you may want to bring up the less-than-ideal economy and the job market, but this is not a discussion on that. I'm asking for career suggestions only.
But what kind of suggestions are there in a bad economy?
Real estate investment is a real gamble now, as is the stock
market. The dot.com days are gone. You can invent something,
that's always a sure way to wealth, if you invent something
people need. But if it were easy, everybody would be doing it.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 4:59:44 PM
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Quote: HotBlondeSo I ask this seriously. I'm looking for actual concrete suggestions.
I have a California real estate license and a BA degree. I have experience in sales and am good at and enjoy math. I love music and would love a job doing something music-related, but it's not necessary. I don't want to be famous. And I don't want to work in sales anymore.
What can I do, again, both legally and ethically, to make a wealthy living? Ideally I'd like to make $100,000 a year or more.
I'm open to any suggestions. From where I am right now with my qualifications and experiences (or lack thereof) what kind of career options am I looking at? And I know many of you may want to bring up the less-than-ideal economy and the job market, but this is not a discussion on that. I'm asking for career suggestions only.
Pre-sales? After-sales? Technical sales? Selling something you are much more interested and passionate about? Realtor (the top ones earn a lot around here.... and account for 4/5ths of the sales in about 1/5th of the licences)?
But to be honest, I suspect you need to be a VP of a company somewhere, or start your own business, or look into becoming some sort of accredited accountant/financial consultant?
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 19th, 2011 at 5:06:56 PM
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I have experience in selling residential real estate. The reason I say I don't want a job in sales any more is because I've been through extensive training on how to sell my self and my services. And although on the surface there's nothing wrong with that it's highly encouraged to stretch the truth and do whatever it takes basically to get the sale. You can make a crap load of money like that but it just doesn't sit right in my heart. And although there are ethical standards that real estate agents are made to adhere to, I just feel sleazy having to do or say whatever it takes to selfishly obtain a listing or etc. That's why I hate, yes HATE, car salepersons.Quote: thecesspitPre-sales? After-sales? Technical sales? Selling something you are much more interested and passionate about? Realtor (the top ones earn a lot around here.... and account for 4/5ths of the sales in about 1/5th of the licences)?
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October 19th, 2011 at 5:23:25 PM
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Sales and marketing are out then...
I'd suggest adviser for something then, or start your own business.
Both will be very hard work, of course. making 6 figures out of your area of expertise is generally hard work, and prone to failure.
I'll stick to the software testing game, where I may not quite yet make 6 figures, but I love my job, and good at it as well. Most of the time.
I'd suggest adviser for something then, or start your own business.
Both will be very hard work, of course. making 6 figures out of your area of expertise is generally hard work, and prone to failure.
I'll stick to the software testing game, where I may not quite yet make 6 figures, but I love my job, and good at it as well. Most of the time.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 19th, 2011 at 5:37:52 PM
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Become a good card counter and join a good team. They're
still out there making good money, mostly in EU and Asia.
A good looking blond will always be accepted anywhere.
still out there making good money, mostly in EU and Asia.
A good looking blond will always be accepted anywhere.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 5:38:47 PM
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Well that's not ethical though. At least in my opinion. Remember I'm all about honesty.Quote: EvenBobBecome a good card counter and join a good team. They're
still out there making good money, mostly in EU and Asia.
A good looking blond will always be accepted anywhere.
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October 19th, 2011 at 5:39:45 PM
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Quote: HotBlondeWell that's not ethical though. At least in my opinion. Remember I'm all about honesty.
Whats unethical about using your brain to beat a casino
game? Is it ethical what the casino does?
"It's not called gambling if the math is on your side."
October 19th, 2011 at 5:40:47 PM
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Quote: HotBlondeSo I ask this seriously. I'm looking for actual concrete suggestions.
I... enjoy math.
With a master's in math any asset management firm will be happy to hire you for a salary well into six figures. With a PhD you can bag $300-500K no problem.
October 19th, 2011 at 5:41:22 PM
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Unless you have a very in-demand skill (doctor, nurse, programmer, etc) you are going to have to either be in sales or some form of direct revenue generation for your company to hit this kind of figure. I don't know your personality, but you are attractive and if you are approchable you could try out for the job of "landman" (even females get that title) in the gas or oil drilling industry. This would require relocation, but big bucks for people who can put a deal together.
All animals are equal, but some are more equal than others
October 19th, 2011 at 5:45:24 PM
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Quote: AZDuffmanUnless you have a very in-demand skill (doctor, nurse, programmer, etc) you are going to have to either be in sales or some form of direct revenue generation for your company .
Even Edison, the big inventor, was a better salesman than anything
else. He was a hard nosed businessman who generated sales for
his products and it made him famous. He developed his brand,
plastered his name and pic on all his products, and hawked them
shamelessly.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 5:46:55 PM
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Quote: EvenBobEven Edison, the big inventor, was a better salesman than anything
else. He was a hard nosed businessman who generated sales for
his products and it made him famous. He developed his brand,
plastered his name and pic on all his products, and hawked them
shamelessly.
Heck, look at Apple. Woz invented the thing, Jobs better knew how to move them out the door. Who became the billionare?
All animals are equal, but some are more equal than others
October 19th, 2011 at 5:52:22 PM
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Quote: AZDuffmanHeck, look at Apple. Woz invented the thing, Jobs better knew how to move them out the door. Who became the billionare?
The world is full of inventors who made nothing
off their product because they had knowledge on
how to sell it. Sales is king, always will be. We had
a real estate mogul here for the last 20 years
that closed on 5000 properties. He just killed
himself at age 50, but he sure made a pile of
money before his depression won.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 5:52:33 PM
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Yeah, Wozniak is only worth around $100 million.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 19th, 2011 at 6:02:24 PM
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Quote: EvenBobThe world is full of inventors who made nothing
off their product because they had knowledge on
how to sell it. Sales is king, always will be. We had
a real estate mogul here for the last 20 years
that closed on 5000 properties. He just killed
himself at age 50, but he sure made a pile of
money before his depression won.
I swear there must be some genetic balance that when you get the "creative gene" it kills the "business sense gene." I have seen it so many times, great artist or whatever. Yet they could lose money if they had the roulette concession at the Wynn.
OTOH, I have also seen people make all kinds of small improvements on tools just to make their job easier, and either didn't care to market it or had their idea stolen. My own grandfather said in the 1940s the mill he worked at kept having to buy some kind of tool all the time because when you used it as inteneded it caused an electrical short and eventually burned or blew out. He looked at it and put a little wire on to jump it to a ground or something (I forget exactly.) So a few months later the salesman comes by and asks why their order has declined so much. They show the guy who asks and is given permission to take a pic of it. Well, a few months later they came in with the improvement. I think he said the salesmen never even so much as bolught some donuts for them.
All animals are equal, but some are more equal than others
October 19th, 2011 at 6:09:29 PM
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I like to play fair.Quote: EvenBobWhats unethical about using your brain to beat a casino
game? Is it ethical what the casino does?
Haha, from all the commments I've made on here you haven't gotten a sense of my personality yet? lolQuote: AZDuffmanUnless you have a very in-demand skill (doctor, nurse, programmer, etc) you are going to have to either be in sales or some form of direct revenue generation for your company to hit this kind of figure. I don't know your personality, but you are attractive and if you are approchable you could try out for the job of "landman" (even females get that title) in the gas or oil drilling industry. This would require relocation, but big bucks for people who can put a deal together.
And although I too consider myself to be attractive I have a lot of weight to lose so that works against me in the physical department.
And landman? What exactly is this?
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October 19th, 2011 at 6:11:44 PM
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Quote: HotBlondeI like to play fair.
How is card counting unfair? Either you win or you
let the casino win, how is that unfair? The casino
says "Here we are, come and beat us." So you do
and its not fair?
"It's not called gambling if the math is on your side."
October 19th, 2011 at 6:12:52 PM
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It's considered cheating, isn't it?Quote: EvenBobHow is card counting unfair? Either you win or you
let the casino win, how is that unfair? The casino
says "Here we are, come and beat us." So you do
and its not fair?
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
October 19th, 2011 at 6:14:36 PM
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Quote: HotBlondeIt's considered cheating, isn't it?
Not by the supreme court of Nevada it isn't,
and their opinion is the only one that counts.
Its not against any law anywhere, so how is
it cheating.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 6:16:02 PM
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Is management consulting out? What about lead generation? Are they too close to sales/scuzziness? What about a non-sales real estate job? Property management or development work for a retail chain would pay about $100k here in MN...
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 19th, 2011 at 6:19:14 PM
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Just cuz it's not against the law doesn't mean that it's not cheating. Those are 2 seperate things.Quote: EvenBobNot by the supreme court of Nevada it isn't,
and their opinion is the only one that counts.
Its not against any law anywhere, so how is
it cheating.
People keep mentioning consulting. I never understood a job where you consult people. I'm not sure how that works.Quote: rdw4potusIs management consulting out? What about lead generation? Are they too close to sales/scuzziness? What about a non-sales real estate job? Property management or development work for a retail chain would pay about $100k here in MN...
You guys are giving great suggestions but I would need more info such as job descriptions and how to actually get into any of these.
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October 19th, 2011 at 6:19:49 PM
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If you're in California...
Either get in the IT industry, or become arm candy (remember, the worlds best commodity is Vagina)
Either get in the IT industry, or become arm candy (remember, the worlds best commodity is Vagina)
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
October 19th, 2011 at 6:21:50 PM
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Quote: HotBlondeAnd landman? What exactly is this?
It is a person who when a drilling company decides to drill goes out and gets the landowner to sign leases for the oil or and gas rights. You are giving the landowner money so they like you. The envrio-nutcases will hate you and every once in a while some testy landowner chases you with a shotgun. But nothing ventured, nothing gained.
All animals are equal, but some are more equal than others
October 19th, 2011 at 6:22:57 PM
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Well until I get back in shape the second option would be hard to do. I could always just marry someone rich but I don't think that would be easy to do. I would want to marry for love but I'd have to make sure I didn't fall in love with a broke guy.Quote: TIMSPEEDIf you're in California...
Either get in the IT industry, or become arm candy (remember, the worlds best commodity is Vagina)
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October 19th, 2011 at 6:25:37 PM
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Quote: 7outlineawayWith a master's in math any asset management firm will be happy to hire you for a salary well into six figures. With a PhD you can bag $300-500K no problem.
I disagree. I run discretionary money and know a lot of folks who run firms many multiples of mine (in the 1-3BB range). They don't hire folks who can't bring revenue/clients to the table.
The folks with math and engineering degrees are going to hedge funds to come up with algo's, thats for sure, but unless you are coming out of a top 5 math/engineering program your resume will go in the trash. Math people, short of writing trading programs are useless in the investment world because markets aren't rational and quantitative rankings are easy to come up with without special math training.
Sales of some sort is really the only way people are going to pay you 100k or more. Maybe you just need a different kind of sales where the client isn't naive.
What about working for a non profit or a foundation schmoozing donors and organizing events?
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because."
— E.E. Cummings
October 19th, 2011 at 6:27:35 PM
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I have no idea on "what jobs", if I did, I'd be in one. But I do have advice...
1 - Work it, and I mean in the RuPaul sense (YOU BETTAH WORK ;)) You need to create a discipline within yourself. Imagine you, I dunno, wanted to be an Olympic figure skater. You could do it, but not without constant intense want and work towards your goal. Put that mindframe into everything you do. Even right now, if you're in a job you don't like/want, do it the best you possibly can. Strive everyday to do better than the day before, learn something new everyday, and you cannot fail. I am an uneducated muppet, but by doing the best I could and learning something new everyday, I now make more than almost all of my friends. I'm not in the league of fellow WoV friends, but just a few short years ago I was pumping gas. Decided I was gonna do it as best I could and viola! If I could repeat that discipline now, I'd be in the $100k range in a few years. What you do is less important than How you do it.
2 - Inventions. There is not one single thing that you see, hear of or use in this world that cannot be improved upon. AZ gave a perfect example. "Inventing" doesn't mean have a Master's in engineering and possess magic abilities to make a true perpetual motion machine, it means take something dumb and make it not as dumb. Slinky, anyone? The guy who made "The Club" anti theft device was a regular customer at my place, betting blacks and purples on Craps, getting into the grey and orange on BJ. Who put the clicky in the pen so the tip was hidden and saved your pants? Bet his house is bigger than ours. Who put the laser thingy on garage doors so it doesn't crush kids and dogs? A little kid put the pushy-button on lighters as the first childproofing, got like $10,000 for the idea in the early 90's-ish. Who put the wheel in the mouse so you can scroll without moving your hand? Look at the things around you and set your mind loose. The next million dollar idea is right in front of you.
1 - Work it, and I mean in the RuPaul sense (YOU BETTAH WORK ;)) You need to create a discipline within yourself. Imagine you, I dunno, wanted to be an Olympic figure skater. You could do it, but not without constant intense want and work towards your goal. Put that mindframe into everything you do. Even right now, if you're in a job you don't like/want, do it the best you possibly can. Strive everyday to do better than the day before, learn something new everyday, and you cannot fail. I am an uneducated muppet, but by doing the best I could and learning something new everyday, I now make more than almost all of my friends. I'm not in the league of fellow WoV friends, but just a few short years ago I was pumping gas. Decided I was gonna do it as best I could and viola! If I could repeat that discipline now, I'd be in the $100k range in a few years. What you do is less important than How you do it.
2 - Inventions. There is not one single thing that you see, hear of or use in this world that cannot be improved upon. AZ gave a perfect example. "Inventing" doesn't mean have a Master's in engineering and possess magic abilities to make a true perpetual motion machine, it means take something dumb and make it not as dumb. Slinky, anyone? The guy who made "The Club" anti theft device was a regular customer at my place, betting blacks and purples on Craps, getting into the grey and orange on BJ. Who put the clicky in the pen so the tip was hidden and saved your pants? Bet his house is bigger than ours. Who put the laser thingy on garage doors so it doesn't crush kids and dogs? A little kid put the pushy-button on lighters as the first childproofing, got like $10,000 for the idea in the early 90's-ish. Who put the wheel in the mouse so you can scroll without moving your hand? Look at the things around you and set your mind loose. The next million dollar idea is right in front of you.
The opinions of this moderator are for entertainment purposes only.
October 19th, 2011 at 6:31:38 PM
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I don't like the idea of begging for moneyQuote: Scotty71What about working for a non profit or a foundation schmoozing donors and organizing events?
This could work.Quote: Face2 - Inventions.
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October 19th, 2011 at 6:34:55 PM
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Quote: HotBlonde
People keep mentioning consulting. I never understood a job where you consult people. I'm not sure how that works.
People have a specific issue that they need help with, and it makes more sense to hire an outside firm that specializes in whatever that is. For you, maybe it's property valuation in mergers and acquisitions? That'd be a non-sales use of your real estate expertise.
Quote: HotBlonde
You guys are giving great suggestions but I would need more info such as job descriptions and how to actually get into any of these.
Job fairs, professional organizations, friends, family...You said you're good at selling yourself? You've just got to do it one more time so that you get a job where it's no longer necessary:)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 19th, 2011 at 6:38:32 PM
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- Dental hygienist/assistant
- CPA
- Paralegal/Legal Secretary
- Recruiter
- Xray/ultrasound tech
- Billing (medical particularly)
- physical therapist
- CPA
- Paralegal/Legal Secretary
- Recruiter
- Xray/ultrasound tech
- Billing (medical particularly)
- physical therapist
"When two people always agree one of them is unnecessary"
October 19th, 2011 at 6:41:12 PM
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Quote: HotBlondePeople keep mentioning consulting. I never understood a job where you consult people. I'm not sure how that works.
Usually with "X consulting" you need prior experience with X. This could include within an "X consulting" firm as you gain exposure to X over the years.
The business of "X consulting" exists because people (businesses) out there have a lot of X but don't know how to use/manage it. For example, my last real job was as an investment consultant. Our clients were large institutional investors such as pension plans and endowments. They essentially hired us to invest their funds, because they weren't experienced in financial markets and we were. The firm I worked for hired *me* because they liked my experience trading and analyzing stocks and markets.
And computer consultants (such as Accenture and CA) exist because big companies have clunky computer systems that need to be merged or modernized or whatever, and engineering consulting firms exist because companies want to build things but don't know the specifics of how to design them, and so on. Accounting, tax and law firms are pretty much consultants.
Marketing is still a big part of it. You have to continuously market to gain new clients and keep your existing ones. People make partner because they are an important part of the firm's revenue stream -- NOT necessarily because they are the smartest, best-educated, or best-experienced people in the firm. It's all about revenue.
It's not a bad business to be in, because in a lot of sectors there's a continuous need (engineering/construction is more cyclical though) and pay in the middle of the food chain is comfortably in six figures. But you don't just come fresh off a bachelor's degree and make $150k base or anything.
October 19th, 2011 at 6:41:30 PM
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Quote: HotBlondeThis could work.
There's no reason ALL of us shouldn't try. It's not like taking a new career, new hours, new responsibilities. Just keep you eyes, and your MIND, open. I wouldn't suggest it as a career, because I could just see someone sweating over a desk stressed the hell out with no income and brain lock. But if you let your mind wander and that idea hits, maybe you won't need a career anymore ;)
The opinions of this moderator are for entertainment purposes only.
October 19th, 2011 at 6:42:22 PM
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I appreciate these suggestions but none of these seem to be an occupation that can command $100,000 or more per year.Quote: weaselman- Dental hygienist/assistant
- CPA
- Paralegal/Legal Secretary
- Recruiter
- Xray/ultrasound tech
- Billing (medical particularly)
- physical therapist
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October 19th, 2011 at 6:44:59 PM
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Quote: HotBlondeI don't like the idea of begging for money
Looks like death by catfood then. How can you expect to make a living without providing value to your client or your employer. You are going to have to convince one of them you are worth something.
How about the most obtuse racket I have ever heard of "Life Coach" Most of them are failures who took a stupid course and tell vain people what they want to hear.
Standup comedy looks fun.
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because."
— E.E. Cummings
October 19th, 2011 at 6:49:38 PM
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Quote: HotBlondeI appreciate these suggestions but none of these seem to be an occupation that can command $100,000 or more per year.
You are wrong about it. I personally know people in each of these areas (except for xray tech - that one, I'll surrender :)), making 100+K per year. It is hard work for the most part, and you would almost certainly have to work more than 40 hours per week to reach your goal, but if that does not scare you, you can definitely get up to the 100K limit within a few years.
"When two people always agree one of them is unnecessary"
October 19th, 2011 at 6:57:28 PM
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Quote: HotBlondeI appreciate these suggestions but none of these seem to be an occupation that can command $100,000 or more per year.
Recruiters can make $100K per year if they work at it. But you need to be high-end and have a book of people. Here is how it was explained to me. This person recruited call center supervisors.
You put a nice, blind, want ad in the then newspaper or today online. Benefits, bonus, the works. Thing is there is no such job. But you get resumes, lots. 100+ if you are lucky. Do this with a few sources a few times. Your goal is to build your list of potentials.
Now it gets hard, but call places that hire in this case call center supervisors. (In Phoenix there were over 100!) Get on contract to provide candidates and you take $2-5K per placement. The benefit to them is they do not need to put in an ad and do the whole process, you have pre-screened these people by calling them saying, "yo, you looking for a better job?" Which you know they are as they already sent you a resume!
Lets say that you place not even 1 a week and you get $3K for the placement. Place 3 a month and BANG, $100K a year! Now, this is a sales job pure and simple on both ends and the competition is brutal. But shows how you need to think to get to $100K.
All animals are equal, but some are more equal than others
October 19th, 2011 at 7:02:54 PM
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Please bear with me. I'm serious, but I need to get a joke out of the way first:
The classical definition is: You look at your client's watch, tell him the time, and collect a fee for doing so.
Now, seriously, you mentioned you don't like stretching the truth when selling real estate. I can appreciate that. How about the reverse? I suppose you know how to evaluate a property, and can spot where the truth is being stretched. So how about helping people determine a fair price to offer for a house or apartment?
I mean consulting of a sort. You'd look over the house, listen to the sales pitch, then tell your client something like "given the house's condition, you should snap it up. It's a bargain and will appreciate in price in X years." Or, conversely, "The house will need major repairs. You should pay $X thousands less than what is being asked. Or take the property on Pine St. instead."
You might also give advice on, and facilitate, mortgages.
Just a thought.
I know it's a lousy idea given the current residential real estate market. But it has to recover eventually.
Quote: HotBlondePeople keep mentioning consulting. I never understood a job where you consult people. I'm not sure how that works.
The classical definition is: You look at your client's watch, tell him the time, and collect a fee for doing so.
Now, seriously, you mentioned you don't like stretching the truth when selling real estate. I can appreciate that. How about the reverse? I suppose you know how to evaluate a property, and can spot where the truth is being stretched. So how about helping people determine a fair price to offer for a house or apartment?
I mean consulting of a sort. You'd look over the house, listen to the sales pitch, then tell your client something like "given the house's condition, you should snap it up. It's a bargain and will appreciate in price in X years." Or, conversely, "The house will need major repairs. You should pay $X thousands less than what is being asked. Or take the property on Pine St. instead."
You might also give advice on, and facilitate, mortgages.
Just a thought.
I know it's a lousy idea given the current residential real estate market. But it has to recover eventually.
Donald Trump is a fucking criminal
October 19th, 2011 at 7:05:38 PM
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Quote: AZDuffmanGet on contract to provide candidates and you take $2-5K per placement.
2-5K? No way ... I mean, perhaps, there are variations, as usual, but all recruiters I have ever seen, met or worked with require compensation as a percentage of the candidate's annual salary, somewhere between 25 and 50%.
So, if you land a candidate at a position, paying 100K per year, you have just made half of your own annual goal.
"When two people always agree one of them is unnecessary"
October 19th, 2011 at 7:14:17 PM
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Quote: AZDuffmanRecruiters can make $100K per year if they work at it.
A good casino host can easily make 100k a year. The
real good ones can make 300k, or so I've read.
"It's not called gambling if the math is on your side."
October 19th, 2011 at 7:16:30 PM
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Quote: weaselman2-5K? No way ... I mean, perhaps, there are variations, as usual, but all recruiters I have ever seen, met or worked with require compensation as a percentage of the candidate's annual salary, somewhere between 25 and 50%.
So, if you land a candidate at a position, paying 100K per year, you have just made half of your own annual goal.
Some recruiters take a huge percentage, and have a low volume of placements. But they also actually run a candidate qualification process and often hand the hiring organization only a handful of candidates per position. Other recruiters are more like lead generators and pass along many candidates to the hiring company. The more work the recruiter does (or, I guess more accurately, the more work that the hiring company avoids doing), the more the recruiter makes.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 19th, 2011 at 7:35:23 PM
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Quote: weaselman2-5K? No way ... I mean, perhaps, there are variations, as usual, but all recruiters I have ever seen, met or worked with require compensation as a percentage of the candidate's annual salary, somewhere between 25 and 50%.
So, if you land a candidate at a position, paying 100K per year, you have just made half of your own annual goal.
Just using spitball numbers and of a lower-end hire. If HB started in recruiting it is unlikely she will get the assignment to find a new CEO for GM. But placing low-level managers at 10% of salary? Possible.
All animals are equal, but some are more equal than others
October 19th, 2011 at 7:37:56 PM
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I hesitate to ask it but why the $100,000? Is that the number you feel you need to be happy? There might be a whole bunch of jobs out there related to service that would be ethical and would make you feel like a million bucks.
October 19th, 2011 at 7:50:26 PM
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Quote: 7outlineawayWith a master's in math any asset management firm will be happy to hire you for a salary well into six figures. With a PhD you can bag $300-500K no problem.
I think there are lots of graduate students in math who would disagree with that.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
October 19th, 2011 at 8:01:30 PM
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Quote: WizardI think there are lots of graduate students in math who would disagree with that.
Fair enough, the highest earning quants generally have a few years' experience and are paid proportionate to the performance of their models. The quants at the PhD level are usually building and refining models and have some kind of business acumen -- they're successful because they're driven by a profit motive, which not all PhDs have. But I know a of a lot of quant firms that pay that kind of money, and I see LOTS of postings for quants.
I am certain that if you (the Wizard) were so inclined, you could be working at an investment firm within a week and easily making $150k+bonus. I mean that as a compliment, of course.
October 19th, 2011 at 8:35:57 PM
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I'm a consultant for a very large software company. HotBlonde has a realtor certificate and sales experience. She's good in math, but being good in math will not translate to anything if it isn't on a resume with experience. Good looking women are usually better at sales than their uglier counterparts or men because the people doing the buying are usually men who will indoubtably want to spend more time with a looker.
And sales is out.
People who do sales for all of their lives can usually go to the other side of the house (buying) and be very good at that. Getting involved in supply chain management might be a decent option, but you'll start off fairly low at $40K or so and would take some talent to make it up to 100K. Maybe you can start off in the sales office of a home builder and then move to the buying side of the house and work on procurement.
Those who do sales and want to move into an office might move into the receivables side of the house as an entry way into accounting.
My suggestion is that if you go down the procurement route you get the appropriate certificate for a buyer, and if you want to get into accounting, start working on your CPA qualifications.
And sales is out.
People who do sales for all of their lives can usually go to the other side of the house (buying) and be very good at that. Getting involved in supply chain management might be a decent option, but you'll start off fairly low at $40K or so and would take some talent to make it up to 100K. Maybe you can start off in the sales office of a home builder and then move to the buying side of the house and work on procurement.
Those who do sales and want to move into an office might move into the receivables side of the house as an entry way into accounting.
My suggestion is that if you go down the procurement route you get the appropriate certificate for a buyer, and if you want to get into accounting, start working on your CPA qualifications.
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You want the truth! You can't handle the truth!
October 19th, 2011 at 8:43:00 PM
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Well I'd like to live a comfortable life. I make a decent living now and was thinking it would be better if I made more. That's why I said at least $100,000. I want to be able to drive a decent car, I don't even have one right now. Plus I want to pay off my debts and buy a nice house and be able to afford to travel and take music lessons and etc.Quote: FrGambleI hesitate to ask it but why the $100,000? Is that the number you feel you need to be happy? There might be a whole bunch of jobs out there related to service that would be ethical and would make you feel like a million bucks.
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
October 19th, 2011 at 9:09:22 PM
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I added "J.D." to my name and always earn in six figures.
"What, me worry?"
October 19th, 2011 at 9:25:29 PM
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The problem with the idea of stepping out of a established career that you have a great experience in and into something else that makes $100K plus a year is really a stretch. There are millions of skilled people out there out of work who will be scrambling to do the same thing that you want to do. in this economy, changing careers makes no sense unless you have a connection to get you in. With a BA, it will take you at least 8-10 years for you to get into a position that will get you to $100K.
So I say stick to sales, and go to something that's more ethical where you don't have to lie (pharmaceutical/medical supplies/software/hardware/consulting services) and still get rewarded well. The sales folk at our company do really well selling the high end software to fortune 500 companies. They're not all that talented either from what I can gather.
So I say stick to sales, and go to something that's more ethical where you don't have to lie (pharmaceutical/medical supplies/software/hardware/consulting services) and still get rewarded well. The sales folk at our company do really well selling the high end software to fortune 500 companies. They're not all that talented either from what I can gather.
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You want the truth! You can't handle the truth!
October 19th, 2011 at 10:07:05 PM
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No one ever gets rich working for somebody else.
If you haven't read it yet, pick up Robert T. Kiyosaki's Rich Dad, Poor Dad. Lots of good advice and although I'm not the kind of person to act on it, made sense to me and could be put into use by the right person. Perhaps you are that person. Good luck.
If you haven't read it yet, pick up Robert T. Kiyosaki's Rich Dad, Poor Dad. Lots of good advice and although I'm not the kind of person to act on it, made sense to me and could be put into use by the right person. Perhaps you are that person. Good luck.
"Poker sure is an easy game to beat if you have the roll to keep rebuying."
October 20th, 2011 at 12:33:11 AM
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Do what you love...the money will follow. And if it doesn't, then at least you've spent your life doing what you love.
October 20th, 2011 at 12:44:51 AM
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Quote: FleaStiffDo what you love...the money will follow.
Follow your bliss, thats what Joseph Campbell said.
Follow Your Bliss
"It's not called gambling if the math is on your side."
