February 12, 2009, 6:00 am

Do I Really Want To Become A Manager?

by: The Financial Blogger    Category: Career
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2 years ago, I was sitting with my original manager (that became a good friend by now) and we were designing a plan so I can become a manager shortly. I always wanted to manage people, work on new strategy and get my team to perform. Becoming manager sounds like a logic pathway for my career.

So I registered for a MBA in order to get all “the requirements”. Now I am about to finish my master and I am wondering if I really want to become a manager. The truth is that the job has increased in responsibility (i.e. in hours to be worked) and the salary didn’t increase much.

Therefore, when you come down with an absolute hourly rate (total income earned divided by hours worked), you don’t make much than a burger flipper at Mc Donald’s. The only difference is that you don’t smell grease when you come back home… you smell coffee 😉


I think this is a true question each employee needs to answer: do they want to become a manager or do they want to keep doing their own business and follow their manager’s objectives.

After being a financial planner for a year, I must say that managing my own client book, my schedule and my way of doing business without having to look if my colleagues do their own job is quite appealing. On top of that, my salary would probably get closed to my manager’s and I work less hours!

I surely would like to decide what to do and which strategy to apply. On the other side, you are also responsible if a ATM machine doesn’t work or you must help out your cashiers if you have 2 people sick the same day. One of my team mates in my MBA was telling me that she has to answer the branch phone and book appointment on top of doing her job as a manager because they are short staff. Do I really want this?

I realize all this during my MBA since I was speaking to managers all the time. They were telling me another side of the job that most people tend to hide or ignore (to keep a healthy mind 😉 ). I rarely saw people working for the same employer than me telling me that it could be a bitch doing everybody’s job but yours. Now that I know, it becomes less tempting to make the jump “the other side”.

So my advice is the following: if you think of becoming a manager, I would suggest you to talk to several people in the same industry doing a manager direction. There are several advantages but the dark side (as any other job) is to be considered seriously.

Good luck with your career 😉

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Comments

by: Jewel of Toronto | February 12th, 2009 (10:08 am)

While there are many frustrations in managing people, there is nothing quite as satisfying and helping a direct report grow as a person and an employee and reach his/her career objectives. I don’t do it for the money, I do it for the satisfaction of using my skills and talents.
Do keep that in mind when climbing the corporate ladder.

As they say, you get paid for the grief and not the work… but as Jewel says if you have great employees, it is a joy to be a manager. If you have bad employees, its a hair losing experience!

I think the one big key is retaining the discretion to hire and fire your own people. If you have control over who your subordinates are, you can’t really blame anyone but yourself if things go wrong.

I think being a manager is best when you manage or run your own company. Being a manager for someone else just means you receive more responsibility without receiving all of the monetary benefits.

by: The Financial Blogger | February 12th, 2009 (1:59 pm)

Tmw,
I don’t have hair anymore so I guess I’m good to become a manager 😉

Studenimics,
I agree with you, I would love to manage my own business as all your efforts are coming back into your pockets.

I think you need to ask yourself this question: Am I effective, ambitious and passionate? As you were mentioning in your post, you would loved to own your company. Being a manager can develop your entrepreneurship and improve your management skills. And having more responsibility does not necessarily mean that you will work more hours if you are effective.

There’s one point: if you start your own company, do not forget that you will also need to do stuff that you do not like as well, especially in the beginning. Sometimes, you will need to answer the phone, repair the printer, write and send letters to clients, complete forms, buy coffee, …

by: The Financial Blogger | February 12th, 2009 (5:46 pm)

If I ever have someone to bring me coffee in the morning, I woud have suceed financially big time!

you can also buy a coffee machine for your office, you would have succeeded financially too 🙂