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What to Ask Yourself Before Accepting a Job in Financial Modeling

You have made it through the job interview, maybe two of them, and have now been offered the job. You should just hurry and say yes, right? Well…not exactly. Be sure to ask yourself a few questions before you say yes to that financial modeling job offer.

Does this job lead me down the right path in my career? You want to make sure that a financial modeling job you have been offered is the job that is leading you in the direction for your career. Just because you get a job, it may not have the ability to lead you in the direction you plan to go. Ask how advancement happens with the company. Have others been promoted up from this job?

Do I really know what I will be doing all day? During the job interview, was the job’s day to day responsibilities explained in detail? Do you have a clear understanding of what the responsibilities of the financial modeling job entail? You want to know what you will be expected to do as well as any additional duties the job comes with before accepting the job.

Does the job provide all the compensation and benefits I need? Obviously, money isn’t everything. But, unfortunately, we need money to live. You need to make sure that the financial modeling job is one that is compensating you at a rate that will allow you to pay your bills and meet your needs. Additionally, if you require certain benefits, such as health insurance, you will want to make sure that you understand if they are available and what the cost to you will be.

Though there may be many other questions you want to ask yourself or SHOULD ask yourself, these may help you make some good decision with regards to a financial modeling job offer you may receive. Taking the time to think through the job and ask yourself some questions can be the difference between taking a job that isn’t the right fit for you and taking the right job.

Important Questions to Ask AFTER You Receive the Financial Modeling Job Offer

Getting through the job application and interview can seem like the daunting part of your job hunt, but once you have received the financial modeling job offer, you still have some work to do.  Though you have prepared for your job interview and you have finally been offered the job, you need to make sure you finalize the process and make your decision to accept the job only after you have received the answers to all your questions. You don’t want to accept a job that you truly don’t understand.

Here are some questions you will want to ask once you have received a job offer (though some may be asked before, some are much more appropriate for AFTER receiving the financial modeling job offer).

  • What are the principal job responsibilities? This is a question that can be asked during the interview stage usually; however, if you did not get the details in the job interview, you will want to be clear on this aspect before formally accepting the job offer. Understanding exactly what the job entails is vital to success.
  • Why is this position open? You can ask this question during the interview stage as well. In fact, you may seem like you are just curious or “gossipy” if you ask after you have been offered the job. You want to know if it’s a new position, if the vacancy is available because the person was promoted up, or whether the last person quit. This can help you understand the climate of the job for which you are interviewing.
  • What are the chances and opportunities for raises and promotions? This is a question best left for after you have received a job offer. During the salary negotiations stage is the best time to discuss this.  As a financial modeling professional, you will want to understand your advancement opportunities, just make sure you are tactful in how you approach the subject.
  • What are the time-off benefits?  This is definitely a question for after you have received a financial modeling job offer. You will also want to consider whether it’s important and/or pertinent to ask before accepting the job. If it’s important to you because you need a specific amount of time off or have a pre-planned vacation that you are concerned about, be tactful and honest about why you are asking.

You may have some other specific job questions; however, make sure, when asking, you do not sound needy or entitled. If you really want the financial modeling job, ask only the questions that are necessary for you to make your final decision and then make your informed decision.

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