5 Things to Expect When Working in Finance in Chicago

If you’re moving to Chicago to advance your career in the financial industry, you need to know a few things about the city and its particular relationship to the finance sector. You’ll also want to connect with a financial staffing agency.

1.       Commodities Are a Big Deal in Chicago

Not every financial industry job involves working directly with investors or investments, but that doesn’t change the fact that the commodities exchange is based here, so a large portion of the finance industry does revolve around it. If you aren’t interested in commodities, there are opportunities, but you still need to contend with this reality.

2.       Competition is Fierce

The Windy City is a huge urban area that serves as a home to millions while employing hundreds of thousands in the finance sector. That means there’s plenty of opportunity, but there’s also plenty of competition, and you need to be ready for an uphill battle if you are new to town and you don’t have a lot of connections.

3.       You Probably Won’t Hold One Job for More Than Two Years

This is generally true in a lot of industries, but it’s taken longer in the finance sector. There’s always been a cohort that migrates from job to job in search of advancement in the industry, but traditionally there have also been paths to partnership for many who remain loyal to one firm. These days, many firms look for diverse experience before considering promotions, let alone partnerships.

4.       Professional Memberships Matter

Joining local industry groups and getting involved with the social and political life of the city helps more than most applicants realize. Networking through those professional groups helps you find opportunities and build references.

5.       Recruiters Are Your Friend

If you are looking for a position in the city, Chicago finance recruiters can help you find something quickly. Beacon Resources is glad to help with that by placing qualified applicants into a variety of positions, including financial analyst positions and more. Contact us today to learn more about opportunities in Chicago.