Most of the responses were quite appalling: 14 months ago but has since worked on every public holiday, 2 years 7 months, 4 years and one analyst even said going on 6 years!
Time management and work life balance are two major challenges. Granted these answers may represent only the more extreme cases, it is indicative that being a financial analyst is one of the more stressful occupations. Financial analysts who don't learn these two lessons will sooner or later get burned out.
Usually, financial analysts feel bad about taking their vacations because there is always some time-sensitive work that needs to be done. The work pile keeps growing when you are away from the office. So you need to make a less painful choice of the two: taking your vacation time now and put in a week of all-nighters to play catch up or skip the vacation so that you aren't falling behind.
Other times, you may feel that if you'll just sacrifice your personal life temporarily for now, you will establish your career sooner. Once your position with the company is secure, you'll take your vacations.
Companies provide vacation days for a reason. You need your rest to re-energize and de-stress to prevent burnout as much as any machinery needs downtime for maintenance and prevent over-heating.
Think of your life as a wheel made up of these eight spokes:
1. Health
2. Wealth
3. Family and friends
4. Relationships
5. Career/job
6. Playtime, hobbies and fun
7. Personal development
8. Contribution
Rate yours from 0-10, with 0 being non-existent and the center of the wheel while 10 being the best possible and the rim of the wheel. Now connect them.
What does your wheel look like?
If your wheel is any shape but round, your life cannot move forward with ease. You likely will have trouble staying focused at work when you have family or relationship problems. You are likely to grow resentful of the heavy workload without fun for an extended time and will gradually lose your passion in the career that once motivated and excited you.
For total success in the long-term, all of you needs to move forward, not just a part of you. Only when your wheel is round and at a maximum of 10 for all aspects of your life will it take you where you want to go much faster, much further and with much more ease than any bent wheel.
Chartered Financial Analysts Institute
How can you plan ahead when each day brings constant changes and urgent tasks that has to be done? It could be the end of the day before you can make time for your top priority task on your to-do list.
Here are a few time management tips that can be easily incorporated into your busy schedule:
Set aside the first hour of your day for the most important task. I discovered one morning when I had arrived at the office extra early to complete a report for the deadline. I went straight to work as opposed to starting the day with my morning news and email routine. My mind was fresh after a good rest. The phone didn't ring. The office was quiet. This was the golden hour. I was able to finish the work in half the amount of time I thought I needed.
I still practice this most important task first routine today even though I work from my home office.
Have an achievable plan. Allocate a task that can be completed in one hour. Break down a bigger project into bite-sized steps. Prepare the information you need the day before. Set yourself up for success. By making ambitious plans and goals that you're not able to meet, your confidence will be worn down. It's a great feeling to start off each morning being productive. It gives you a sense of accomplishment and set a positive rhythm for the day.
Let morning news and emails be second and third on your to-do list. Most financial analysts have a habit of reading the news and emails first thing in the morning. I was no exception. Resist the urge and establish a new habit. Introducing new ideas will distract your trend of thought from your top priority task of the day. It is critical that you reserve your full focus for that most important task.
Batch the non-urgent phone calls and emails. Given that many phone calls and emails are time sensitive, financial analysts don't have the option to limit these "interruptions" to only two or three specific time slots a day. Still, it is possible to cut the amount of these interruptions by grouping requests that are not time sensitive together.
Use reminder alarms. Before you start a new task, set the alarm to know when you should change to your next task. Have the reminder about 10-15 minutes in advance so you have time to wrap up what you're doing. This way, you can give it your full attention instead of taking constant checks on the time.
Give these time management tips a try. They could be just the productivity boosters you've been searching for. Every minute counts for a financial analyst.
Corinne Lor has sinced written about articles on various topics from Finances, Sales Training and Time Management Skills. Corinne Lor teaches and other professionals in the banking and finance industry how to be more successful and achieve balance.. Corinne Lor's top article generates over 6600 views. to your Favourites.
American Stock Transfer Co It distracts attention from the main housing problem the need for far more public housing for those who cannot afford to get on a house price escalator accelerating beyond them.