Hi all - I entered a boutique ibank as an analyst mid of last year and my company was in serious sh*t because of the Euro crisis. They then stopped and fired their entire S&T division, and now I am their last victim.... got my notice last month.
My boss assured me they didn't let me go because of my performance. The reasons I was given:
1. Budget constraints
2. I'm the most junior guy in the team and the least "painful" to let go since they have the least invested in me
Therefore i'm currently looking for another freshAnalyst (boutique) or Investment Analyst at a PE, and obviously recruiters ask why I left my last job.
Should I tell them the truth? Or as a way to avoid any suspicions that I was fired because of my performance should I make up an excuse (ie the work culture wasn't good). All this aside, is there ever a time when you should lie about why you are no longer with your former job?
Be nice to this recently unemployed guy... Those who are/have been in my position are welcome to share!