"I ended up taking a job that paid about 40 percent less than another firm was offering, because I thought it would be a better fit," he says. "It was one of the best decisions I ever made, even though I got fired after 15 years."
Taking a job based on the potential for growth and opportunities to learn new skills, Bloomberg says, is the smartest career strategy.
It certainly worked for him. He became a star at the company, rising through the ranks to become a bond trader and then a partner and head of equity trading and sales. He worked 12-hour days regularly and was on a clear path at the company.
After more than a decade, he met another period of uncertainty after losing his job in 1981 when the company restructured. The next day, he used his significant severance package to start the company that would become Bloomberg LP.
"Don't worry about making some grand long-term plan," Bloomberg says. "And don't take a job based on salary."
The skills he acquired and relationships he built at Salomon Brothers proved invaluable. College graduates should prioritize finding work that excites them, the billionaire says.
"Take the job you'll most enjoy working at," he says, "and then work like crazy."
Look for more pieces of advice from leaders like Melinda Gates, Dave Ramsey and others and follow along with the series, as well as other content relating to the Class of 2017, on social media using the hashtag#MakeItNewGrads.
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