Mid-Life Career Crisis - Procurement

[coldyx]

Hi everyone!

I am new to this forum and would like to seek all the working experience people out there.

I am currently 29 years old this year with a degree majoring in logistic and supply chain. I have just started a new job in a medical industry as a procurement buyer. I have been in this career for close to 3 years now. Recently I have been reading information about procurement role moving out from Singapore to other countries such as Philippine and Vietnam to save cost for the company.

Feeling instability in my current career, I am left with 3 options that i have in mind.

1. Take a private MBA degree

2. Take another private degree to career change (probably in the area of IT security) - since it is a blooming industry

3. Continue in the procurement career, hopefully I will not be retrench in my 40s.

Taking another course of study will most probably propel me into my early 30s and I hope I am still not too late for a career change.

Any advise is greatly appreciated.

Thanks!

 

[snoozex]

Hi everyone!

I am new to this forum and would like to seek all the working experience people out there.

I am currently 29 years old this year with a degree majoring in logistic and supply chain. I have just started a new job in a medical industry as a procurement buyer. I have been in this career for close to 3 years now. Recently I have been reading information about procurement role moving out from Singapore to other countries such as Philippine and Vietnam to save cost for the company.

Feeling instability in my current career, I am left with 3 options that i have in mind.

1. Take a private MBA degree

2. Take another private degree to career change (probably in the area of IT security) - since it is a blooming industry

3. Continue in the procurement career, hopefully I will not be retrench in my 40s.

Taking another course of study will most probably propel me into my early 30s and I hope I am still not too late for a career change.

Any advise is greatly appreciated.

Thanks!

Hihi,


To be frank, change is the only constant now so there is always a possibility of retrenchment wherever you go. Instead of being so negative, think of the positive side. Recently, I signed up for some data analytics courses and the class is basically filled up with local chartered accountants. And when I interacted with them, apparently accounting line seems to be undergoing some transformative change. As a result, some of them took up data analytics to gain new skill set. One friend was even commenting that accounting is no longer popular among youngsters.... low value accounting jobs are basically gone



You are still young so switching line does not have as much impact as compared if you are in your 40s with family. So think what will interest you and also the barrier of entry in your new chosen field. Sometimes, one might be too naive that studying a new field will gain a position in a the industry. This is very typical for those taking MBAs thinking of moving into e.g. specialised fields of banking/finance, consultancy and so on... usually they just remain in their original job/industry....



Cost is a big thing to company so switching to cheaper location or even adopting new technology to cut down labour cost is inevitable. Think about what areas that might be hard to be replaced by technology or location, such jobs might have more security (but of course, some industry may have its own blend of toxicity)....


Think and do your research... and always prepare for next wave of whatever

 

[coldyx]

Hihi,


To be frank, change is the only constant now so there is always a possibility of retrenchment wherever you go. Instead of being so negative, think of the positive side. Recently, I signed up for some data analytics courses and the class is basically filled up with local chartered accountants. And when I interacted with them, apparently accounting line seems to be undergoing some transformative change. As a result, some of them took up data analytics to gain new skill set. One friend was even commenting that accounting is no longer popular among youngsters.... low value accounting jobs are basically gone



You are still young so switching line does not have as much impact as compared if you are in your 40s with family. So think what will interest you and also the barrier of entry in your new chosen field. Sometimes, one might be too naive that studying a new field will gain a position in a the industry. This is very typical for those taking MBAs thinking of moving into e.g. specialised fields of banking/finance, consultancy and so on... usually they just remain in their original job/industry....



Cost is a big thing to company so switching to cheaper location or even adopting new technology to cut down labour cost is inevitable. Think about what areas that might be hard to be replaced by technology or location, such jobs might have more security (but of course, some industry may have its own blend of toxicity)....


Think and do your research... and always prepare for next wave of whatever

Hi snoozex,

I am frankly lost and I have been researching for years without action. I really don't know which area cannot be replaced by technology or location since technology is so versatile.

With my majoring in my current field of studies, I find it hard to find a different field job.

There is also a fear that when i quit my current job and study a new degree, I might not be able to be employ in my 30s when i have 0 experience in the field that i wish to enter.

 

[coldyx]

Anyone in the line of procurement able to share their experience in their 30s and 40s, is it a good career choice?

 

[coldyx]

Bump! Bringing this thread alive, anyone in procurement line able to advise the career growth?

 

[babyrobo]

Actually nothing is guaranteed. Many factors applies. People can move from different functions within the same organisation or move out when there's a potential opportunity to move when you have the required (transferable) skillsets.

 

[qhong61]

Hi everyone!

I am new to this forum and would like to seek all the working experience people out there.

I am currently 29 years old this year with a degree majoring in logistic and supply chain. I have just started a new job in a medical industry as a procurement buyer. I have been in this career for close to 3 years now. Recently I have been reading information about procurement role moving out from Singapore to other countries such as Philippine and Vietnam to save cost for the company.

Feeling instability in my current career, I am left with 3 options that i have in mind.

1. Take a private MBA degree

2. Take another private degree to career change (probably in the area of IT security) - since it is a blooming industry

3. Continue in the procurement career, hopefully I will not be retrench in my 40s.

Taking another course of study will most probably propel me into my early 30s and I hope I am still not too late for a career change.

Any advise is greatly appreciated.

Thanks!

Is it that bad? A friend just started on his first yr in SUSS.

 

[alvinlby]

hi hi, it's definitely not too late for a career switch! There are actually more than 3 options. My gf switch to an entirely different industry at 25 and she's still going strong now (5 years since). If you are keen and open to the idea of financial services it can be a lifelong career with passive income as well. They are currently hiring if you are keen! can refer you over to have a chat with them!

 

[coldyx]

Yeah, but i am kinda 29 this year, going to be 30 next year and I just got this new job as a procurement. Wondering if i career change at 30+, what's my chances of success. If i need to go finance or any other career, I would still need to study again.

I wonder what field is good for career change at 30+?

Any suggestion?

 

[Ottoke]

Moved this to the degree section.

O

 

[roflolmao]

Which private MBA are you considering?

 

[coldyx]

Which private MBA are you considering?

I think kaplan Murdoch University. Any advise?

 

[snoozex]

I think kaplan Murdoch University. Any advise?

What do you plan to do with this MBA degree? This will be more important than which MBA....



This is the interesting part as people do degree/masters with the hope of gaining entry into a new sector.. but the truth is often brutal, you need more than just a "new" piece of paper...


some fields you need to have contact first, others might be you are already in it then doing a degree in that field is to increase your earning potentials.... the truth is that many are just "stuck" in same jobs/industry after completing these papers... of course, there might also be personal reasons like not willing to take a pay cut and so on...



before committing to such a "heavy" academic/financial commitment, ask yourself what do you plan to do or want to do... if not, you end up with just a piece of paper that you might not be able to use... or worse, overqualified for some jobs...

 

[coldyx]

Would you rather suggest I take another degree instead?

 

[coldyx]

Anybody who has successfully change career in their 30s?
Would you be willing to share what is the challenges encounter?

 

[sanzhu]

My fren join lego procurem

Makes 10k and zu bo

 

[coldyx]

Bumpppp.. Anyone care to share their experience???

 

[coldyx]

Hi guys, which career path is easier to break into?
HR or IT security?

Any advise?
Especially from people who managed to career change in their 30s..

 

[sanzhu]

My fren join 3m procement

Every month 15k

 

[coldyx]

My fren join 3m procement

Every month 15k

lol, stop trolling, procurement don't earn that much.