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Sunday, October 31st 2004

8:27 PM

Using feelings, not economics, for choosing a job.

I must accept I have been very lucky in this whole job search. At the end of last week I had three offers, and I had to make a choice so I could start on tuesday.

Choices. Some people believe that is what economics is all about: Economists make choices to give an "efficient" use of the (limited) resources; and economic theory is supposed to give hints on how to make these choices, using concepts as the opportunity cost. The choice of what job to take this time was extremely personal. I did try to make a rational economic decision but I do know it is hard for me to obviate my feelings, so I tried to be guided by them, not by economic reasoning.

The base feeling I have is disappointment to this whole economic topic. I had to make a positive use of it by opening up to options I would have never considered a year ago, like applying for a job at a stock brokerage firm. I also applied to a semipublic entity, also related to financial services. I also went back to my uni in Colombia and asked for a job there, as a research assistant. I finally got offers from the three places.

The other feeling I have was this impression of having lost my time back in London. And given that “time is money” I felt that I ought to receive a reasonably good salary, at least higher of the average salary of a person with a MSc from my own country. This made me reject the job at uni, because it wasn’t higher than this average. I also asked for a raise at the semipublic entity to match my expectations, and I got it.

I also wanted to try to reconnect with my deepest motivation for studying economics, namely to change the world by changing people’s lives. I knew I wanted to teach again. However I won’t be able to do that in my latter university as a part-time lecturer (the reason: excess of part-time lecturers!!!!), but only as a teaching assistant, but chances are that I won’t be able to do it either. This was another reason to exclude the research job.

Finally, after all that effort back in London, I felt I needed a life. I needed to have time, at least, to enjoy life at its fullest.  Not only was the stock brokerage job excessively time consuming (from 7 am to 6pm) but also had a rigid schedule. This would not allow me to teach and was against this idea of having a life besides work.

In the end, the combination of these main deep feelings (disappointment, feeling of lost time, desire of reconnecting and the need of a life) made me choose the semipublic entity job. The funny thing is that these feelings are sooo deep and personal that I was not able to fully reveal the reasons of my decision to a lot of people, but I had to make it sound rational: “I need to have a job that teaches me new things, I need a lot of money, I need a place that will allow me to keep my options open in either sector (meaning private or public)”. Very reasonable.

3 among the flock.

Posted by James:

Excellent! I'm glad you found something you can be happy with, and I hope it's as much of a challenge as you'd hope for it to be. Jump into this (as I'm sure you already have), and learn what you can along the way, I think you'll find that you're building a good foundation to do the things that will make you happy in the future. Keep pluggin', keep using that brain of yours, and more importantly, stay realistic about everything as best you can ... words of something from a person far, far away.
Saturday, November 6th 2004 @ 1:24 PM

Posted by Leda Swan:

I haven't started yet, seems that there is a lot of paperwork to be done so it might take a while. I'm enthusiastic about the job, it seems different but still enough "economically" appealing. I'll keep you informed.... thanks for dropping by!
Monday, November 8th 2004 @ 9:45 PM

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