Unemployed Graduate from Target
-Ivy Target
-3.8 GPA
-BB Internships
-FT job in IB
I quit my job (pretty stupid decision.. I know) and have been unemployed for about 2.5 months.
Just not sure what I could do, AM I fked?
-Ivy Target
-3.8 GPA
-BB Internships
-FT job in IB
I quit my job (pretty stupid decision.. I know) and have been unemployed for about 2.5 months.
Just not sure what I could do, AM I fked?
Career Resources
maybe you suck as a person?
Why did you quit? Was it in IBD?
If you quit - why did you quit? Also - what do you want to do? Have you thought about that? It's ok to not know. Most people well into their careers have no idea what they are doing or what they want to do...
Worst hours and worst people to work with in a shitty town.. Only thing + was the pay which was above street. I guess it was that way to make me eat $hit everyday.
Out of all the bankers I knew, I had it the worst.. basically Monkey Business x2
Just wondering with my profile does being unemployed hurt or doesn't really matter.. I'm starting to network with my alumni for jobs
So how long did you stay at your FT position? This really matters... and if it was IBD and short-lived, a story could come together well for moving on.
About 3 months.. pff , yes IBD. Just a small side-off, I had all of my internships at buy-side mutual/hedge funds (think GSAM) but went to the sell after graduating..
What story can I possibly tell lol? Luckily it is a small boutique, in a rural town, which was close to a mega city (i.e. SF, Chi, NYC)
Of course being unemployed matters, and having quit your first job after 3 months? Career suicide
Sounds like you had a normal banking job
Ya I kinda realized that after the fact... I've been trying to recover and in hasn't really been that easy..
Strangely enough I've had 4 BB interviews since leaving - well 2 technically happened before I quit (in NY, Boston and SF) lol, so not all hope is lost crossing fingers. Unfortunately 0 offers.
You may also want to read
http://www.wallstreetoasis.com/blog/suck-it-up-8-steps-to-getting-throu…
for some perspective for your next gig...
wow this seems aggressive take a chill pilll and reevaluate what you want in a career and life. sounds like you want low stress low hours, look into corporate finance?
Nah not aggressive buddy, my environment was like this My MD would always make me stay 3-4 hours later than all the other analysts. Also I never worked on any of the same deals as other analysts so it would always be VP -> Analyst relationship. I was basically isolated while everyone else wasn't. It was a very weird situation where I was getting f****** and no one else at the firm was.
maybe its because you are Canadian and used to getting things without having to work for it (joke)
Partly true, Canadian bankers are known to work much less. TD puts in 65 hours a week. Even RBC tops out at 85.
source for Canadian BB hours?
So you are still trying to get into IBD? I think it might be hard to sell to the interviewers because you left IBD after 3 months. Have you looked into other roles: S&T, Research? or try to spin off the 3-month as an internship?
Ya spinning into an internship might be an option, it's kind of what I thought of doing, its just a lot of the MDs here are kinda well known in the industry so its pretty easy for 1 MD to call another and ask what happened..its a bit risky...
Tell future employers your long term goals didn't align with the firm because you wanted to move into a different direction. You did not want to leave before you finished training. You respected the team and didn't want to burn bridges by leaving earlier. Maybe a different sector interested you or some bs.
some days I feel like such a f***** failure and want to just kill myself argh
I personally wouldn't put a 3 month job on my resume. Get an interview as a new grad, and if it comes up in an interview what you've been doing the last 6 months, go ahead and tell them. It may not go over well, who knows...but it's certainly worth a shot because it doesn't look good on a resume.
Like I said, I personally wouldn't put it on my resume, but my situation is different because I would have jobs straddling that one and 6 months off probably wouldn't look that weird (or come up in an interview). I advised a buddy not to put a 4 month job on his resume because he got fired. He took it off his resume and had a job within two weeks. They never asked him about it.
Edit: And BTW, that's not really lying by not putting it on IMO. Many jobs have a 90 day probationary period in the US, so if you don't complete that 90 days you weren't yet a confirmed full-time employee anyway. Even if it was over the 90-days when you quit, you could always just say you were still in training and didn't feel like you gained any valuable resume-worthy experience in that time.
You went to a target and have solid internships. Simply say you traveled after graduating and wanted to get it out of your system before you started FT.
Going forward you might want to look for more relaxed jobs. No shame in not liking the hours. Banking blows and people are Dicks. You can recover from this, but you don't want to get another gig and blow off that.
Take a chill pill. You'll be fine.
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