Career switch at 34: Finance or medicine—any advice or experiences?

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  • #132694 Reply
    USER

      Hi All,
      Currently considering a career change and hoping to get people’s opinions. I’m 34 with a background in real estate and supply chain finance.

      Thinking on what my true passions are over the years and it’s been pretty consistent with the financial advisor/investment field as well as the medical field(pediatric or family physician area). Two different fields altogether.

      Hoping to see if anyone ever got into these fields in their 30’s or later or has been in them from the beginning. What you love and hate about the job you do?

      Ideally looking to do something that has a decent salary potential but also a somewhat rewarding and fulfilling/happiness aspect to it.

      Thanks in advance!

      #132695 Reply
      Robert

        I’m not sure how much help I can be in terms of advice,; since my younger brother is the doctor in the family (he was the one who got the brains), and I’ve never considered becoming a financial advisor; because I don’t have the people skills to do so. (my brand of tough love, might work here; but I seriously doubt it would work with paying clients.)

        As you said, they are two very different career fields. But I can say that the two people that I know who are doctors – my brother and an uncle on my mother’s side- really love what they do, and they both do family physician work; and my brother has a concentration in geriatrics) it’s my understanding that there is or will be a severe shortage of family physicians in the decades going forward; as the baby boomers depart the workforce; and as my generation (Generation X) is starting to get up there as well.

        It’s my understanding that the premed courses you would have to take (especially organic chemistry) are brutal; and a number of them are in fact, weed -out courses….. and then you’re looking at all the postgraduate tasks that would be involved after you finish medical school.

        If you’re willing to tolerate the huge medical student loan debt that you would probably have to take out in order to complete medical school….. I look at it this way – you’ll never have a shortage of work as a doctor.

        And when you get into your 60s or so; and you don’t feel like working full-time anymore, you can cut back to a part-time schedule if you so choose.

        But I’m anxious to see what other feedback you get.

        #132696 Reply
        Dominick

          I am a financial advisor, Both require study, but I can only speak to what I’ve done

          Some licensing exams to pass:
          -Life insurance exam
          -Security Industry Essentials
          -Series 6
          -Series 63
          -Mortgage Loan Originator
          -Series 65
          -Series 26

          Some companies offer a salary to start, but I chose the commission only route.

          This allowed me to start part time and get licensed/learn the business, while working/learning under someone who has 40+years experience.

          I was able to continue my full time job while learning the craft, no quotas.

          What I love:
          -I can help people at any stage of their life
          -setting up college savings plans
          -helping them with their retirement
          -making financial plans
          -freedom of schedule(requires discipline)
          -in business for yourself, but not by yourself
          What I don’t love
          -sometimes people miss appointments
          -I have to go the gym more since office work makes me soft

          We are hiring and looking to train new reps

          #132697 Reply
          Dominick

            Adam Lindemann
            Both fields can be fulfilling, but if you’re already passionate about finance, becoming a financial advisor might let you earn well and invest smart in stocks and dividends.

            #132698 Reply
            Dominick

              Adam Lindemann
              Both fields can be fulfilling, but if you’re already passionate about finance, becoming a financial advisor might let you earn well and invest smart in stocks and dividends.

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