I was 28 years old in 2008 when I decided that a PhD and a life as a scientist, wasn’t a good fit for Tom Ruginis. Six months into a Pharmacology PhD program at University of IL-Chicago resulted in hypertension, tachycardia, and tears. Lucky for me, I became aware of a major problem for scientists and found a way to build a company around solving this problem. Here are Six Lessons I learned while leaving the bench on my path to becoming an entrepreneur. Also, Twitter is a great place to find support from virtual friends you may or may not meet but who will provide empathy and sympathy as you figure out your life.
When I quit my job, I attended many events, including Adler After Dark, C2ST, Technori, and many more. You never know who you’ll meet, maybe someone who is hiring or someone who is looking for a business partner. If you have 3 months of savings to cover your life expenses (rent, food, etc.), you’ll be fine. I walked dogs for $10 a walk, delivered pizzas, baby sat, found opportunities to be paid as a social media consultant (science marketing), and made some cash with ParkWhiz.
Life as a scientist teaches you a lot of useful job skills, such as project management, data analysis, and PowerPoint. To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. Britons are most likely to move jobs three times before feeling satisfied with their work lives, which means that career contentment is usually achieved in a person’s early 30s. As increasingly stringent regulations take effect, the risk of penalties or incarceration is driving banking staff responsible for regulatory adherence to seek alternative careers.
Banking used to be a highly desirable career for an array of professions, not simply for those working directly in financial services. However, the credit crunch and subsequent recession put pay to the elevated role of banking in Britain.
Industry watchdogs are warning banks that they may be facing a mass exodus of essential crime-fighting staff. The ultimate fear of these staff is that they will face jail themselves if they fail to prevent banking colleagues from operating outside of the law. The major banks have been desperately snapping up compliance workers since the credit crunch to ensure that they are operating within the strict new confines of increased regulation. As the British public knows, previous failures in this field have cost both the public and the banks themselves dearly.
Pay for compliance staff has increased dramatically, as relevant skills become ever harder for banks to secure. This has resulted in a compliance bill for banks of up to ?1 billion every year, yet the pressures of the job are still driving these staff to consider quitting in worrying numbers.
Those who risk their professional standing in ensuring the safety and compliance of banking operations face a terrifying task, as financial crime becomes more complex. Instead, she suggested that banks and authorities needed to find ways in which to work more cooperatively together, thereby managing financial risks in a proactive fashion.
How Do You Know If a Career Change Is a Good Idea?Views: 2718 Is your career at a standstill?


Six years later, I’m much happier as an entrepreneur away from the bench, and CEO of HappiLabs.org, creator of the Virtual Lab Manager. Now will be the time to document your thoughts and ideas and develop the plan for the next stage of your life. You might have applied some of the basic elements for success but still you feel you’ve not attained the level of success that you anticipate. Core support staff in regulatory and compliance disciplines also enjoyed superb packages, prospects and rewarding jobs in one of Britain’s largest and most revered sectors.
The strict new rules that are now being enforced by regulators mean that many anti-money laundering staff, regulatory officers and compliance specialists are aiming to change careers. They fear that if bankers break the tough new rules, they will be held responsible and may ultimately face jail for failing to identify the risks or curtail the activities of those committing financial crime.
Compliance officers, with responsibility for ensuring that banks follow the letter of the law, are apparently first in line with many considering leaving their jobs and seeking employment in safer industries. This is according to a survey recently carried out by LexisNexis Risk Solutions and the British Bankers’ Association. These include new rules on bonus payments, Libor manipulation prevention rules, stringent anti-money laundering controls, and stricter rules on mortgage lending. These workers form the first line of defence against terrorism funding, money laundering, fraud and more.
FCA interim CEO, Tracey McDermott, speaking recently at an industry gathering, said that any such relaxation would rapidly undo all of the progress made since the recession. She argued that this would also balance out the salary cost of financial compliance staff between state and industry, ensuring that both parties could work as effectively as possible in an increasingly challenging and pressured world.
I’m writing this post not to help people become entrepreneurs, but to guide people who have decided to leave their job at the bench. You will definitely find your way if you spend at least an hour to relax and listen to your heart.
As an example, if you don’t have funds for your business start-up, go out and seek potential investors. Staying up all night at the price of making sacrifices which are not worth and     engaging in activities that harm your health should be avoided at all costs, unless you have an important project that need to be completed. Over half of compliance staff are now saying that they would take an opportunity to leave the banking industry if one arose. And on a global scale, the investment banking industry has spent over ?144 billion in litigation costs over the past 5 years, according to Moody’s.
Even if you are looking for a job at certain multinational companies which don’t have job openings, it is best you contact as early as now.
Don’t let victory get in front of your visions but instead be focused and have a look at your future plans. Successful people have efficient sleeping routines which ensure they are well rested to give them a sharp focus during the day. Whatever the reason, most people consider a career change at least once during their lifetime.
So I decided to pursue the highest paying job I was qualified for--a life science sales rep. No more time in the dark room waiting for the western blot film to drop and clink onto the hard plastic of the developer.


You should not bother to take a job which pays you lots of money but it’s not what you are desperate to do. Doing so may be a bit risky but you will definitely thanks yourself for making the bold move. Always remember to stay true to the journey origin which is why from the beginning you wanted to be successful. For all the reasons why you want to change careers, you probably have a list of reasons that are holding you back, too. Find out if the grass really is greener on the other side by exploring these topics.Justifiable Reasons for Making the ChangeLife ChangesIf you started your current career when you were a fresh faced college graduate, chances are that your life has changed drastically since then. Whether you’re now married with two kids or you’ve moved to another part of the country, your career may not be fulfilling you the way it used to.
Even changes in personal interests or cultural trends can have a big impact on your career.Job OutlookWhat once was a promising field now has a pretty glum outlook for the future. Not only is it discouraging to stay in a job market that’s not going anywhere, but it’s not very smart, either. Unless you’re close to retirement, you may want to get off the ride before it’s too late.BurnoutYou used to look forward to Monday mornings at the office, but now you dread every second of work even if the weekend is getting closer.
If you’ve tried changing employers, but you’re still miserable, you may need a career that inspires you.Questions to Ask Yourself Before Switching Careers“Why exactly do I want to change jobs?”Being able to honestly answer this question will prevent you from jumping out of the frying pan and right into the fire. If you have unbearable boredom with or disinterest in your job, you’ll likely benefit from a position that challenges you. If you know you won’t make any progress in your current field or if you’re young enough to seamlessly make a transition, it’s probably a good idea to start the process of changing careers soon. However, if you feel that you’re undervalued or you just don’t get along with your co-workers, starting from scratch in a new career may not be the fix you need. Many people who change careers start from the bottom, which means it could be awhile before you’re valued by your co-workers and peers. If you don’t get along with the people you work with, changing departments or looking at your own communication skills may be a better option than making a huge career overhaul.“Do I want a career change? Or do I just want a different work setting, boss or title?”What may feel like the thirst for a new career may actually just be an itch to switch things up a bit. If you actually feel challenged by your career and you don’t have disdain for the field you’re working in, other changes may be exactly what you need.
Working for a new company or applying for a different type of job in the same field could do the trick.“Will my skills transfer?”It’s important to take a good look at your own skills.
While you may want a brand new job, you won’t be able to automatically have the skills to succeed in an unfamiliar industry. Make sure you have the business savvy, people skills, marketing know-how or whatever it is you’ll absolutely need in your new field.Michael Nain is a professional blogger that provides news and information on trucking companies, local truck driver jobs trucking jobs and owner operator trucking jobs. If you look around and realize nothing out there can compare to what you have now, you come to appreciate what you have. But then the market changes and you change, and now you see properties that are appealing and available.



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