What An EVP Region Manager At Banc Of California Wishes They Knew Before Entering Banking
Andrew, an EVP Region Manager at Banc of California, advises that a successful career, especially in finance, requires patience and persistence, stating that "it takes time," a minimum of 10 years of "hard work, grinding away" to build a strong foundation before significant financial rewards and career satisfaction are realized. This long-term perspective is crucial for young professionals to avoid the pitfall of frequently changing careers before achieving sustainable success.
Career Development, Networking, Hard Truths, Industry Realities, Time Management
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Andrew Boogusch
EVP Region Manager
Banc of California
California State University at Chico
University of Washington
Economics, International Relations & Affairs
Finance (Banking, Fintech, Investing), Real Estate
Finance
Worked 20+ Hours in School, Student Athlete
Video Highlights
1. It takes time to succeed in any industry, including banking. Don't expect to hit the ground running and make a lot of money immediately. It requires consistent hard work and dedication over a period of about 10 years to build a strong network and client base.
2. Building a successful career requires patience and perseverance. Many people switch jobs frequently, but finding a career path you're interested in and sticking with it for at least 10 years yields greater long-term success.
3. Focus on building your network and client base. These are crucial for career advancement and financial success in the banking industry. The relationships you cultivate early in your career will pay off later on.
Transcript
What have you learned about this role that you wish someone had told you before you entered the industry?
I wish someone had told me to relax and know that it takes time. This isn't just true for this industry, but any industry you enter, whether it's marketing, insurance, banking, or anything else.
Everything takes time. In our particular industry, you might think you'll hit the ground running, with people telling you you'll make a lot of money or achieve great things quickly. But it doesn't happen right away. It never does.
It takes about 10 years of real, hard work. You have to grind away, building your connections, your network, and your client base. Only after those 10 years, if you've put in all that effort, can you actually start making decent money and enjoying the job.
Before that, if you're struggling and working hard, it doesn't seem as fun. I wish someone had told me, and everyone else I graduated with, that it takes time. I saw many people career hunt and job hunt, not just within the same industry, but bouncing between different ones. They'd spend two or three years somewhere and then quit.
Everyone is ambitious when they're 22 or 23 and graduating college. Take your time, find a career path you find interesting, and commit to it for 10 years. Once you reach that 10-year mark, you'll look back and realize it was worthwhile, because now you'll have a pretty decent career and a good life moving forward. But it truly takes time.
Advizer Personal Links