Is Job Hopping now acceptable?
Hey Monkeys. New user here! Been reading the forums, love the place, decided to join the pack.
Here's a topic I haven't really seen in the forums. Is Job Hopping now considered a norm and accepted? Nowadays it's common to see analysts leaving within 6 months in for "greener pastures". I've had a acquaintance who've had 4 jobs in 3 years and she's currently sourcing for her fifth. Sure, the idea of company loyalty is probably outdated, but it does seem like we're getting used to this lack of commitment.
Likewise, do short employment tenures significantly affect your chances of getting another? And would you get blacklisted with your current company for jumping ship? Is there an ideal duration within a company, or an ideal timing (ie after a promotion) for leaving? Any HR recruiters who can provide insights will be much loved.
You probably want to stay somewhere for at least 2 years. You're probably burning some bridges if you stay less than a year.
Nope, job hopping is not acceptable. In finance, people will take notice that you have moved around a lot. Why are they going to pay you and possibly a recruiter, if you're going to leave after a year? You become too much of a risk. When you job hop, you never build rapport with senior bankers. Most young bankers who bounce around tend to be off the street before VP.
When I look at resumes I understand if I see someone who spent less than 2 years and jumped to a better job/company but then I want to see that person spend some time at that 2nd job, most likely 2+ years (unless there were layoffs). I'd almost certainly pass over someone with 4-5 jobs in 3 years though. Unless that person is a rock start programmer type of person and can jump in and quickly get up to speed and then leave for the next opportunity when they've performed the function they were hired for, it takes too much time, effort and money to hire and train someone if it seems like there's a high probability of them leaving.
Don't want to look like a job hopper? (Originally Posted: 03/08/2016)
I am two years out of school. Started working for a regional bank for a year in a very limited syndications role, and am now doing corporate banking for a big relationship bank, where I have been for 9 months. If I were to want to look around, what's a safe amount of time I need to wait so I don't come across as a job hopper to potential employers?
i'm in the same boat - currently on my 2nd job out of college. left my first one at 9 months and have been in my current role for a year. i'm looking to make a move right now.
literally every interviewer (8 people in the past 2 weeks) has asked me why i'm thinking of leaving so soon again, so be prepared for that. at the very least, stay until you hit the year mark. 1.5-2 years is ideal because most analyst programs are 2 years.
Quis quia modi nihil et minima soluta. Quasi voluptas esse sit nobis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...