FIRED - your advice needed
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 fresh IBD Analyst (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!






GWB
GWB
I eat success for breakfast...with skim milk
Def tell the truth, try to
Def tell the truth, try to get references.
Tell them the truth. Let go
Tell them the truth. Let go because of budget constraints, though your performance was high quality. Offer references to back this up.
Always tell the truth, never
Always tell the truth, never good to lie.
Good is the enemy of Great
wso1234 wrote: Tell them the
Tell them the truth. Let go because of budget constraints, though your performance was high quality. Offer references to back this up.
Lying is pointless b/c they will find out. Spin this story to your advantage.
PMd you
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
1. Eliminate emoticon use. 2.
1. Eliminate emoticon use.
2. Tell the truth- honestly doesn't sound like it will hurt you
3. What city are you in/looking to live in?
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
Everyone is firing. People
Everyone is firing. People realize the market sucks and it won't be a mark against you.
FYI, I'm in the same boat.
Get a letter of reference...
Get a letter of reference...
You will be fine, unless you lie and they find out.
I was in the same situation
I was in the same situation three years back post Lehman - and to this day I am honest about it. Maybe it hurts my chances, but with a lot of people it is something they don't count against you because the whole industry was cutting, and my bank more so.
duffmt6 wrote: 1. Eliminate
1. Eliminate emoticon use.
2. Tell the truth- honestly doesn't sound like it will hurt you
3. What city are you in/looking to live in?
Living and working in Singapore
First piece of advice, file
First piece of advice, file your unemployment claim immediately.
Also stop speaking like a leprechaun (referring to the typo in the thread topic). But seriously I'm not in a very different boat. If they made cuts all the way down the poll, meet up with a VP with whom you worked directly and who also got the axe and see if he will give you a rec. If you were at least a likable guy and you worked hard he probably wouldn't hesitate to throw you a referral as well if he hearss about an opening at the analyst level. I did this recently and my VP gave me some great advice which I now bequeath to you. He said "JulianWells, you aren't the guy from Wharton who was doing 2 years in GS TMT when he got laid off. Cast a wide net, get yourself in front of as many people as possible and when somebody does hire you, make everybody like you and work your ass off."
Maybe you were that guy from Wharton and you were at GS. If so just flip your resume out and you'll be fine. Either way, good luck man. Hope everything works out.
tell the truth, get
tell the truth, get references, from looks of it on some boards boutiques are looking, what city are you in?
its one way or the other: hate me or admire.
Tell the truth definitely.
Tell the truth definitely. I'm in the same boat as well. Just got my notice yesterday.
For those of you who got
For those of you who got notices...
Are you in a structured program? Boutiques, BBs?
Ah, so they use LIFO on their
Ah, so they use LIFO on their employees. Makes perfect sense..
Nothing short of everything will really do.
bonks wrote: Ah, so they use
My name is Nicky, but you can call me Dre.
sorry to hear, dude. also,
tell the truth as it is not
Sexy_Like_Enrique
timatom90
You were not fired. You were
Sexy_Like_Enrique
You sure it wasn't your fault
marcellus_wallace
seedy underbelly wrote: You
Sexy_Like_Enrique
Quote: sorry to hear, dude.
He's clearly retarded
You were laid off, not fired.