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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-16-2006, 10:19 AM   #21
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Well, we still haven't heard from the OP, so perhaps we have sufficiently dashed his dream of going to greener pasture at a mega corp.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-16-2006, 12:08 PM   #22
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
Originally Posted by BunsOfVeal
Well, we still haven't heard from the OP, so perhaps we have sufficiently dashed his dream of going to greener pasture at a mega corp.
No, I'm still here soaking it in.

Here is why I posted this in the first place. I work in the financial services business. I also have many friends who are also in the field, I'm just the only one who works for a small company (10 people)

I'm pretty happy with my position, I have good hours, very good pay, and I get to work with nice people. My only complaint is that my job can get a little routine and there is not much else I can do where I am.

My friends who work a financial mega corps have an entirely different lifestyle. They get to work on very dynamic projects from month to month. They travel a lot more than I do (good and bad) Last week one of my good friends got to cross the globe in a Gulfstream IV (which as an airplane junkie makes me very jealous ) They stay at the four seasons, and have a much more fast paced life than I do.

I guess I just wonder from time to time if I'm doing the right thing and if I'm not going to regret it later. Then again, I'm home by 6:30 90% of the time and none of them can come anything close to that.

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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-16-2006, 01:04 PM   #23
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Re: Working for a Mega Corp sounds interesting, am I nuts?

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Originally Posted by saluki9
...Then again, I'm home by 6:30 90% of the time and none of them can come anything close to that.*
Well, for me, if all other things are somewhat equal, that point there would seal the deal.

If I have only really worked for a fairly large company since leaving college.* I've seen my share of managers in my 7+ years.* To me, they make up aout 75% or better of what I do/do not like about my gig.

It's all about the tradeoffs.* I may have more opportunities where I am, but my job is very narrowly focused.* I am also just a number, too.* Pay is decent and bennies are good.

FWIW
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-16-2006, 04:16 PM   #24
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Re: Working for a Mega Corp sounds interesting, am I nuts?

One last tidbit.

You're a financial services guy...is that the primary business of the 'megacorp'?

Point being, if you work for a company that makes widgets, you better be involved with the design, specification, creation or sales of the primary widgets. Otherwise you're a second class corporate citizen (at best) and early up for cost cutting and business unit trimming.

Big problem a lot of people never figure out. Be part of your companies core business or find a job where you are.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-16-2006, 04:21 PM   #25
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Re: Working for a Mega Corp sounds interesting, am I nuts?

I don't know. Personally, I wouldn't be caught dead in anything less than a Gulfstream G500. Seriously, wow, your friends travel better than the CEO of my last company. Them 1% - 2% fee surely do add up when the pot is $1 trillion.

Being able to go home at 6:30 is very nice. I just called an alum of my school who's working in M&A. She said her schedule is 9 AM - 10:30 PM on a good day. I hope she wasn't pulling my leg. No amount of time on a Gulfstream or in a Four Seasons is going to make that schedule fun.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-17-2006, 07:47 PM   #26
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Re: Working for a Mega Corp sounds interesting, am I nuts?

CFB hit that nail on the head. Doing the business of the business is critical for advancement ... this is one reason many financial types have poor job security.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 07:20 AM   #27
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Oh sorry, what I meant was a financial mega corp (ML, MS, Goldman, lehman, etc.)

I know that working outside of a profit center is a sure way to zero job security.



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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 08:33 AM   #28
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Then you're just in the "fish in a big pond" scenario.

Profit centers generally are good but in my experience, not good enough. Stick with the core business. That might be the case in finance as well, although I've never worked for a financial services firm. Whats their core business? Is it investment banking? Thats where you want to be. Other groups/divisions might be bringing in the cash, but you can bet that managements eyeballs and wallets are predominately on their core business.

Rewards and job security will always be at least marginally better there.

Example I can relate to: you work at microsoft, you want to either be working on Windows or the strategy to beat Google.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 11:06 AM   #29
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
Originally Posted by Charles
CFB hit that nail on the head. Doing the business of the business is critical for advancement ... this is one reason many financial types have poor job security.
But isn't there always the "corporate" staff that must do functions to keep the company running? HR, accounting, marketing, business development, etc? I guess in a sense the core business is the core business, but the other depts are very very very important to keeping things right.

So this may be how the industry views the 'other' departments. Do you think that's the 'right' way to view things? I guess it's almost like the cleaning staff that vacuums, and cleans the office at night after everyone has left. They aren't 'important' or even part of the company, but if they don't do their job, your job will be much harder with all the extra materials not disposed of.

I guess this also stems down to those 'lower' jobs many interns/entry level have. For example, 'tech support'- fixing printers, networking, troubleshooting software/hardware, copies, meeting logistics - meeting minutes/notes, meeting preparations, event scheduling, etc.

None of this directly brings in more customers, closes the deal, etc, but without these 'key' people the company would collapse. No way in hell would any 'Oh I get paid 6 figures managers' actually do these 'low jobs' - make copies, actually change the toner in the printer, empty out the trashcan when it is full. Atleast thats how it is where I am.

What about the little guys? the other people? This analogy can goto MegaCorp- where alot of people are the little guys, to small company where everyone is important.


(if this has shifted the topic, let me know I can create a new topic, though its somewhat similar).

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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 12:53 PM   #30
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
Originally Posted by vvsonikvv
But isn't there always the "corporate" staff that must do functions to keep the company running? HR, accounting, marketing, business development, etc? I guess in a sense the core business is the core business, but the other depts are very very very important to keeping things right.
A friend of mine ran FedEx's training department, converting it from classroom videos to websites with interactive tutorials & quizzes. They hauled it into the 21st century, made it widely accessible, and greatly enhanced the offerings. He was a god among mortals for reducing the company's training costs by something like 70%.

Until the price of jet fuel went up. They they decided to recoup the other 30% of his budget, too...

Quote:
Originally Posted by vvsonikvv
I guess it's almost like the cleaning staff that vacuums, and cleans the office at night after everyone has left. They aren't 'important' or even part of the company, but if they don't do their job, your job will be much harder with all the extra materials not disposed of.
What is this "cleaning staff" of which you speak?

Maybe this was just me, but I worked in a room that had last been remodeled in the '70s. It had fake maple panelling & puke green indoor/outdoor carpeting with no windows, all the luxuries a submariner could want.

In the nearly five years I worked there, the carpet was vacuumed maybe three times and eventually replaced. I hauled my own trash and occasionally dusted horizontal surfaces. I pretty much cleaned up after myself and existed without a cleaning staff. So why would a company need a cleaning staff-- is that considered a perk?

Quote:
Originally Posted by vvsonikvv
None of this directly brings in more customers, closes the deal, etc, but without these 'key' people the company would collapse. No way in hell would any 'Oh I get paid 6 figures managers' actually do these 'low jobs' - make copies, actually change the toner in the printer, empty out the trashcan when it is full. At least thats how it is where I am.
I dunno... I used to do all that stuff too, which at least made it easier to claim that I was hauling my own weight.

I bet a lot of small business entrepreneurs do their own tech support, too.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 01:34 PM   #31
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Re: Working for a Mega Corp sounds interesting, am I nuts?

vvsonikvv ??

What about the little guys?* The corporate staff that you perceive as important?* Do I / we think that is the "right" way to view things?

Well, the little guys lose / quit their jobs regularly, because, frankly, it is easier to find someone who can clean the office than it is to find someone who can haul in a multi-million dollar account, manage thousands of people or create software that is in high demand.

Corporate staff get fired first when times are tight, unless top management is full of idiots.* You can usually get by with a few less accountants, or you can replace them with better IT ... but you need to serve the customer, or you are out of business.

Is it "right"?* With respect, the heart of your question is not pertinent to business, and this is not a question of ethics.* Business isn't about whether we feel like we should honor accountants more (and, I started as one) ... it is about survival, winning in the contest with your competition, helping good people become great so they can build the company / team, and providing a great return to investors (like those on this forum) so those investors will continue giving us their hard-earned money and we can continue growing their investments.

Companies that decide they can put their emotions ahead of investors and customers go out of business on a regular basis.* That isn't cold, and that doesn't mean you cheat or hurt people as you do business ... but it does mean that you are logical about what is critical.* The alternative, frankly, is that you hurt many, many more people by making the emotional decisions that are foolish for the business.* In that case, everyone loses their jobs, the investors lose their money, and sometimes it gets bad enough that entire communities can be hurt.* Ask someone in Detroit ...
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-18-2006, 09:23 PM   #32
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
Originally Posted by vvsonikvv
But isn't there always the "corporate" staff that must do functions to keep the company running? HR, accounting, marketing, business development, etc? I guess in a sense the core business is the core business, but the other depts are very very very important to keeping things right.

So this may be how the industry views the 'other' departments. Do you think that's the 'right' way to view things? I guess it's almost like the cleaning staff that vacuums, and cleans the office at night after everyone has left. They aren't 'important' or even part of the company, but if they don't do their job, your job will be much harder with all the extra materials not disposed of.

I guess this also stems down to those 'lower' jobs many interns/entry level have. For example, 'tech support'- fixing printers, networking, troubleshooting software/hardware, copies, meeting logistics - meeting minutes/notes, meeting preparations, event scheduling, etc.

None of this directly brings in more customers, closes the deal, etc, but without these 'key' people the company would collapse. No way in hell would any 'Oh I get paid 6 figures managers' actually do these 'low jobs' - make copies, actually change the toner in the printer, empty out the trashcan when it is full. Atleast thats how it is where I am.

What about the little guys? the other people? This analogy can goto MegaCorp- where alot of people are the little guys, to small company where everyone is important.


(if this has shifted the topic, let me know I can create a new topic, though its somewhat similar).

The little guys are important...and highly RIFable and replaceable...and fairly invisible to the people that can dole out serious moolah. They're also very helpful to the small number of people who figure out that they should be doing something a little more visible.

Everybody has to start somewhere. Just dont frickin' sit there for 10 years. At some point, ideally right at the beginning of the job search if you have skills, find out what the company does and what the senior managers care about. Then go engage on that.

Topic changes are a way of life around here...
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-20-2006, 05:40 PM   #33
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
Originally Posted by Cute n Fuzzy Bun'ny
The little guys are important...and highly RIFable and replaceable...and fairly invisible to the people that can dole out serious moolah. They're also very helpful to the small number of people who figure out that they should be doing something a little more visible.

Everybody has to start somewhere. Just dont frickin' sit there for 10 years. At some point, ideally right at the beginning of the job search if you have skills, find out what the company does and what the senior managers care about. Then go engage on that.

Topic changes are a way of life around here...
Ok forget the little guy part... So you're at a Tech Firm... Accounting, marketing, HR, etc are all HUGE parts of the company, no ? Without marketing your product goes no where, sold to no one. No one knows about your product/services/etc...

Is that like having a huge engine, but square wheels, or no brakes? Don't you need a WHOLE company? You can't judge a car just by the big roaring engine right? The other parts that connect to it all matter?
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-20-2006, 08:05 PM   #34
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Makes perfect sense to me, but CFB's still dead on...
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-20-2006, 08:18 PM   #35
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Re: Working for a Mega Corp sounds interesting, am I nuts?

I wouldn't be FI and thinking about RE if I hadn't gone to work for mega-corp and enjoyed their stock options. No, not a dot-com but a mining outfit.

It has its advantages, but the disadvantages are very real too.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-20-2006, 08:21 PM   #36
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Re: Working for a Mega Corp sounds interesting, am I nuts?

and I didnt say there was anything wrong with marketing, as long as you're marketing the core product. I'll bet some folks have ER'ed from marketing jobs...

You absolutely need the whole thing, which means you need people who can and will do all those little jobs and work on those lesser projects.

Sticking with the tech analogy, i'm sure the guys who work on Office do nicely at microsoft. Hell, the "Microsoft Bob" product manager married Bill Gates, so there are certainly ways to excel even when working on a lower tier product

The binding ties are necessary. But back to my original point, it behooves one to not be one of those.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-21-2006, 06:15 AM   #37
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Quote:
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Hell, the "Microsoft Bob" product manager married Bill Gates, so there are certainly ways to excel even when working on a lower tier product


Ways to excel, HA!
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-21-2006, 12:44 PM   #38
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Re: Working for a Mega Corp sounds interesting, am I nuts?

Sometimes I do nice work
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-21-2006, 05:32 PM   #39
 
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Re: Working for a Mega Corp sounds interesting, am I nuts?

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Originally Posted by saluki9

How nuts am I?
Really nuts - but for other reasons.
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Re: Working for a Mega Corp sounds interesting, am I nuts?
Old 06-21-2006, 05:39 PM   #40
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Re: Working for a Mega Corp sounds interesting, am I nuts?

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Really nuts - but for other reasons.
My first thought was this is a CHP. Then I realized everything is spelled correctly!

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