Q A RECENT restructuring in my company might make my job as a finance director there redundant.
My chief executive officer (CEO) has asked me if I would consider joining him in Shanghai in a regional role instead.

The package would include the cost of relocating my family to China. I'm in my mid-30s with three pre-school kids. My wife has a stable job.

I'm not sure if I should uproot my family. What are the factors I should consider?

Should I take this opportunity to try out another field instead, something I have thought about for several years? Careers in wealth management seem to be an option, but I'm not sure if I'm cut out for this area.

A THE next step you take will be crucial as you are in your mid-30s and moving into the prime of your career.

If your intention is to advance in the finance line, this opportunity seems to offer a natural progression.

Given China's booming economy, and Shanghai's position as the country's financial capital, it is a highly attractive city for job seekers.

Many multinationals have hired and promoted people with China experience to fill senior management positions.

However, before you decide to spread your wings, take a long, hard look at what it really takes to live and work in a foreign country, especially since the decision will affect your whole family.

Are you truly in charge of your own career? Examine your motivations for going abroad. Don't do so just because your current role ceases to exist or because your CEO says it is a good move.

Do you have what it takes to do well in this position? Assess your skills and see how well they align with the position.

Do you understand the country's culture and are you able to embrace changes?
Be ready for culture shocks. Also, take into serious consideration your language skills. Being able to fit into the new culture will be key to a successful move.

Have you sorted out your family issues and finances? Your spouse's career will be affected. Sort out your finances and examine every detail of the package your CEO is offering.
Are you prepared to deal with the situation if things do not work out and you have to return to Singapore without a job in hand?

If you have thought about all these factors and the prospects are good, make the move. For all you know, the hardest thing you will have to face might be deciding whether you want to come back.

If you are considering a complete career switch, take a few steps back before you take the plunge. Moving to a new field and giving up your comfort zone can be challenging.

First, you need to do a lot of research and networking.

You must assess your own strengths, values and motivations. Discover what really excites you.

Look at your skills set and determine which ones are transferable to another role or industry.

You will need support from your family, especially your spouse.

If necessary, engage a career coach.

Do consider the practical aspects as well, especially your financial position.
Talent is highly sought after in the wealth management industry, but managing someone else's wealth takes considerable time and effort, as well as financial acumen and that 'human touch'.

The rewards are great, but so are the stress levels. Not everyone is suited for this industry. Apart from providing astute financial advice and analysis, you also need to be able to handle client relations with ease and confidence.

Training and certification are important. The Singapore Management University and other institutions offer master's programmes in wealth management. The Singapore College of Insurance also provides training.

Manage your career. Move abroad or into another industry if necessary. Whatever the outcome, remember to turn this situation into an opportunity that brings you worthwhile rewards.

Clement Ong
Deputy Managing Director
NeXT Career Consulting Group, Asia

Advice provided in this column is not meant as a substitute for comprehensive professional advice. E-mail questions to a1admin@sph.com.sg.

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