"Michael Bloomberg may be worth more than $100 billion, but he doesn't think that salary is everything when it comes to early jobs. "People make the mistake of going to work for a place where they get paid the most. Particularly when you're young, that's not what life is about," Bloomberg said in an interview with Nicolai Tangen, the CEO of Norges Bank Investment Management, that aired on January 7."
"Bloomberg is still working at age 83 - he said he wakes up at 5:15 and arrives at the office around 7 am every day, except Fridays - and credits part of his lasting work ethic to balance. "You still want to be able to go out and have a life, a family. It's balancing hard work with enough time off to not get worn out," he said."
Michael Bloomberg opted for a lower-paying banking job early in his career because he preferred the people at a firm offering $9,000 over another offering $14,000. Young job-seekers in their mid-twenties often prioritize pay and titles rather than accumulating varied experiences and forming professional relationships. Accumulating a range of experiences and building friendships can provide stronger long-term career value than maximizing starting salary. Gen Z workers frequently place high value on flexibility and work-life balance, sometimes prioritizing them over higher pay. Sustaining a long career can involve early hard work balanced with sufficient time off to avoid burnout. Employers emphasizing upward mobility can reduce attrition.
Read at Business Insider
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