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Would You Take a Pay Cut?
Grazia,
2009

No Place for a Pole
Guardian
Weekly,
2008

Poles Apart breeds sympathy
Metro,
2008

British about Poles
Cooltura,
2008

Stay
Here Forever
Goniec Weekly,
2008

Do Brits know more than we think?
Polot,
2008

The Story of Marta D
New Times,
2008

Breaking Stereotypes
Nowy Czas,
2008

Self-flagellation and the
City
The Spectator,
2008

Women Inc.
Netherlands, 2007

Seksisme in
the City
Volkskrant Banen, 2007

Der Grosse
Geldregen
Stern Magazin, 2007

Rediscover
your Passion - Go It Alone
City AM, 2007

Med Hand-Jern
i City
Dagens Naeringsliv, 2007

Finansmiljøet
i London - et Jobbhelvete
Karrierlink.no, 2007

Fear and
Loathing in the Heart of the city
Cambridge Evening News, 2006

Beyond the City Limits
Guardian, 2006

Unlocking my Golden Handcuffs
The LSE Beaver, 2006

Sexism in the City
Metro, 2006

De Gouden Boeien van de City
FEM Business, 2006

Sexism and the City
Euromoney, 2006

My Glittering City Career Turned
into Golden Handcuffs
Daily Express,
2006

Do Women Really Get a Raw Deal in
the City?
Evenings Standard, 2006
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Second Careers & the City
October 2008
Laura Saperstein
didn't leave her job at a 'magic circle' law firm in the City for the
money. Far from it. The 35-year-old, better known as 'Boxer Girl', left
her position for another reason - to pursue a dream.
Saperstein
stunned former colleagues at Freshfields three years ago when she
swapped fighting over the law for fist fights, becoming a professional
boxer with the London Boxing Academy.
"I'm sure lots of
former colleagues still think I'm completely nuts," laughs the former
Mergers & Acquisitions solicitor, who had her last big fight in Thailand
last week. "But people who make a success of themselves take these kinds
of risks. The law can be a satisfying career and a safe one if you're
willing to work very hard. But I don't miss [it] for a moment. You earn
a nice salary but you have to give your life up for your career."
Saperstein's career
choice may be unique, but her story isn't. Newspapers are full of
articles about City firms haemorrhaging staff because of the credit
crunch, but the reality is they've been losing employees for years.
People
like Saperstein who are opting to pursue their passion or work/life
balance over the six figure salaries, expense accounts and luxury perks
that once attracted them to the City. What's even more interesting is
that, like Saperstein, a large number of these people are women.
Women like Catherine
Whittaker, 42, who was head of marketing at Coutts, before packing it in
to go skiing four years ago. "At work, I had this constant sense of
having to achieve things quicker, faster and fit more into the day. I
was a big scenario thinker, like 'What are the 17 problems that could
arise here', and was always planning ahead 'just in case' which made me
live firmly in the future rather than the now."
"I was at a champagne
reception shortly before leaving and the finance director said 'So
you're leaving all this to go and clean toilets?'"
One day, Whittaker
stood back and looked at her life. "I hadn't gone to university after
school, deciding to take a year out instead, and realised I'd been
working pretty much continuously since age 18 and was exhausted."
Swapping her Porsche
for a Subaru Forester, she moved lock, stock and barrel to the Alps to
run a ski chalet for a season.
"I remember being at a
champagne reception shortly before leaving and talking to the finance
director who said 'So you're leaving all this to go and clean toilets?'
He was being funny, but I thought he really missed the point, when I was
so ready to take a break and do something else. It was incredibly
liberating," she says.
Not all City employees
are willing risks like Saperstein and Whittaker. In fact, many stories
reveal that when men are made redundant in the City, they seek out
similar jobs and similar firms because their self esteem is tied into
their job and salary, they're addicted to the stress and adrenaline of
working in the City, or they simply need a to pay for an expensive
lifestyle they've become accustomed to.
Companies like Realise
are being set up to help break this type of thinking, developing
'creative programmes' for business people seeking a new direction in
life or their career. "It's an experience that inspires, energises and
guides you to the 'next thing'," says David Pearl, who runs the 12-month
courses.
"I
suddenly realised I had no real personality left in me, I was exhausted
and drained."
But countless women
have already taken the plunge on their own. Charlotte Brinton was an
Intellectual Property lawyer in the City before leaving to set up
Fashion Confidential (FC) , a fashion website giving advice and
discounts to its 40,000-plus members, predominantly cash-rich, time-poor
women.
"In my last case, I won
every single point and it wasn't half as good a feeling as the one I get
working on FC each day," she says. "It's amazing to know I've gone out
on a limb and left a safe profession to do this."
But while Brinton,
Whittaker and Saperstein all count increased happiness and fulfilment in
their work amongst the benefits of leaving the City, they have not all
been as successful at securing a comparable salary.
The 'money issue' was
something Polly Courtney was aware of when she left her position at a
global investment firm. Courtney wrote the book Golden Handcuffs: The
Lowly Life of a High Flyer about her time as a female graduate in the
City, revealing what goes on behind closed doors – long work hours,
drug-taking, affairs, sexism and more.
She left the City when
she found herself getting sucked into it. "I suddenly realised I had no
real personality left in me, I was exhausted and drained," she admits.
With her second book,
Poles Apart, out this month, Courtney says her career change has
been well worth it. "Instead of doing what I did in the City for a
salary, I'm now completely following my passion and so much happier for
it. Money-wise, I knew it would be less, but I also knew it was the
right thing to do. Writing gives me so much freedom, my personality is
my real personality rather than the stuffy one I was falling into when I
was in the City."
Whittaker is also
supplementing her ski passion with short and medium-term marketing
contracts for global financial firms. She set up her company Mad Dog two
years ago, which publishes guidebooks for some of the most sought after
ski resorts, and her marketing work will supplement Mad Dog until it
turns a profit.
Saperstein, meanwhile,
is yet to earn anything from her career as a boxer. "I had this naïve
idea that all you had to do is train hard and do your best but that's
not how it works. The only way you can make money is by selling a lot of
tickets. And it's easier to do that if you have a big name. Well,
women's boxing isn't in the Olympics or Common Wealth Games yet, so it's
hard for anyone to make a name for themselves."
Yet, despite the money,
none regret their career changes, nor their time spent working in the
City for that matter. In fact, far from having a negative impact, women
tend to turn their City experiences – whether good or bad - into
resounding positives.
Courtney has written
about it, Brinton admits putting on her 'lawyer hat' before messaging
like-minded FC members and even Saperstein insists she wouldn't be a
boxer without her lawyer background, saying: "Most girls can't turn
professional because of the money, whereas I'm fortunate to be able to
afford to do so."
These women may no
longer have the hefty salaries and bulging expense accounts, but the
perks of working in the City continue long after they've left.
By Barbara Walshe
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Polly's TV & Radio appearances

Guest
Blog
Authonomy,
2009

Breaking Stereotypes of Poles in Britain
Dziennik,
2008

Poles
Doing Good...
Nowy Czas,
2008

Polly Courtney, Poles Apart
Polish Express,
2008

Second Careers in the City
Coutts Woman,
2008

Poles Apart: New Novel
The Messenger,
2008

Poles Apart: A New Slant
Chronicle,
2008

Bankieren in the City
Vacature, 2007

From Engineer
to Investment Banker to Novelist
The Fountain, 2007

Der Treibstoff Von London
Berliner
Zeitung Magazin, 2007

I Know the
Pressure Matthew was Under
Grazia, 2007

Un Salaire
Tres Cher Paye
Glamour France, 2007

I Sold My Soul to the City - then
Wanted it Back
Grazia, 2006

Gouden handboeien in de City
Het Financieele Dagblad, 2006

Banker Novel Shows it's not all
Success in the City
Reuters, 2006

Londonkarriärens Baksida
Realtid.se, 2006

Women at Work
Guardian, 2006

Golden Handcuffs
CityLife, 2006

The Billionaire Boys
Daily Express, 2006

Taste of High Life in City can
Seduce Interns
FT, 2006

City Woman who quit City over Sexism
admits Lapdancing
Daily Mail, 2006

My High Flying City Job was not
worth a Life of Misery
Observer, 2006 |