Tuesday, December 14, 2021

52. The role of mentors in our development as financial advisors

 

I remember an office conversation when a younger colleague who planned to take his MBA asked our opinion as to what would be a good post-graduate school to go to, initially the talk was of course influenced by personal preferences until it boiled down to two colors (?)

somebody said school A is better because a lot of high government officials graduated from there, another said school B because it has produced more millionaires among its graduates

Choosing a school for additional studies is somewhat similar to choosing a mentor, Because both would have an impact on how our career would evolve in the years to come

Color A school's faculty are mostly academicians who earned their tenure through the publications of learned articles and books, while color B's faculty are mostly corporate executives and business leaders who see teaching as a way of giving back in gratitude to what they have already accomplished in the business world

For a financial advisor, a mentor is not a pre-requisite to success, however having one may accelerate our development as financial advisors because a mentor can serve as our guide post, providing encouragement when needed and help us avoid a lot of "rookie" mistakes

There is no lack of "mentor candidates" that an advisor can choose as there is a proliferation of "experts" in our industry, there are theorist (mostly talk with little or no real world experience and accomplishment) and there are practitioners (our agency leaders are good examples), choose well and let a mentor help you fast track your career growth

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