How to choose between two different career paths?
- Anonymous User
- 12 Sep, 2022
Dear User, Thank you for your valuable question.
Deciding between multiple potential career paths has two key aspects. The first aspect is understanding yourself, that is, your skills, abilities, and interests. The second is understanding information such as entry-level requirements, daily job tasks, long-term growth, typical salaries, potential employers, potential locations, and any other features you care about in a career.
You can select between the two career opportunities based on your interests, skills, strengths, and career goals. You can choose a career for a long time through long-term career planning and deciding your career path and how you will proceed with each stage of your career.
When you have gathered information on both these aspects, compare the lists to find the best potential matches for your future investments of time, energy, money, etc.
You must know the advantages and disadvantages of choosing between two career paths.
Banks offer many job opportunities, schedules, duties, and career paths for people today. Most banks have significant benefits, like health insurance, time off for sick days and vacations, and ways to save for retirement. Banking firms are highly regulated and watched over. This makes them great places to work because they are safe, pleasant, and pay well. These careers offer integrity and stability.
The range of options in the banking sector is enormous. Working for a bank doesn't have to mean working as a teller behind the counter; it could mean working in the head office on marketing, HR, or any other role.
As banking organizations are so large, there is always the chance to progress through the organization into other roles. Jobs are often advertised internally first, so once you're in an organization, you will be the first to know about vacancies.
Banks are well known for having well-trained staff, so whatever your job role, you'll be given the skills you need to do the job, and many of these skills can be transferred to other industries should you decide to move on.
Benefits and salary:
Banking salaries are competitive, and large bank employers often offer additional benefits such as private healthcare and discounts at large retail chains. Bank employees can also usually get their employer's deals on mortgages, loans, and credit cards after a set period.
Banking is seen as a desirable and prestigious career and feels more secure than other sectors, such as retail or fashion.
No place for casualty:
This is not a career for someone casual with finances. The professional must be willing to take responsibility for large amounts of money and be able to carefully account for all the funds under their care.
The same type of career:
While there are many possible career choices in banking, they all center around money and the accounting of funds.
Rate of Change:
Retail banking has been transformed over the past decade by digital technology. This pace of change isn't going to slow, and it's probably not your career if you like things to be calm and stable.
working with numbers all day isn't for everyone, and many creative people find it restrictive and boring if rules and regulations constrict their roles.
Working for an NGO is quite a challenging job. But in terms of goals, it is one of the most satisfying jobs. When you see how bad things are in the world, you live in, it makes you feel like you have to do something about it.
Benefits of working for an NGO:
Skill Set Development:
All the NGOs have departments like finance, marketing, research, IT, etc. You can get more work experience in your field and improve your skills, which can lead to better job opportunities.
In an NGO, you can learn to work in a team and improve your leadership qualities by leading some projects. There are lots of such opportunities in an NGO.
You may have the opportunity to network with influential people and more giant corporations. You can also meet people who share the same goal as you. It will improve your job prospects within NGOs or with institutions with which NGOs collaborate.
Varieties of career paths:
In big NGOs, there are a wide variety of job openings. The NGO hiring process is always open all year round. So you can always find some job circulars to apply for.
With the help of an NGO, you can do good things for society. You can work for social, political, or environmental change on a larger scale and eliminate the things that cause problems in the world.
Disadvantages of NGO job:
A Very Competitive Career :
The first downside of the NGO sector is how challenging it is to get a job there. To apply to a prestigious world-class NGO, you must have extremely high standards. Sometimes the competition is very high for a handsomely paid NGO job. It will be hard for a fresher to find a position in a well-known NGO.
Most NGOs offer contractual jobs for almost every position. So, if you are not performing on the mark, there will always be some job insecurities.
Small NGO Problems:
For small NGOs, there are two negative effects of having too small a scope: difficulties attracting talented workers and cultivating existing talent. Compared to banks, NGOs pay less, have a worse reputation, and lack appropriate systems to train and develop their employees.
At the end of this discussion, it's your decision about which career path thrills you the most. Both of these professions are popular and have good career aspects. Considering your skills, passions, and both ways' pros and cons, take your decision wisely.
Best of luck!