When do you give up?
Pretty much for all the analysts who lost their jobs one way or another and still haven't found anything, when will you give up trying to get back into banking?
Before pursuing another career, going back to school or some other alternative, how long do you give yourselves?
I'm trying to figure out when I should just call its quits and pursue my exit strategy whatever thats going to be.
I'm still getting interviews and making it to final rounds, but I don't think I can take any more interviews or rejections. I spent my summer working and interviewing/searching and it blew. I pretty much feel like calling its quits soon and taking a month or two break before taking the GMATs and trying for some shitty business school where I'll get a corp fin/consulting job that pays 70-80K a year total.
So that being said, I wanted to take a poll, run a comparables analysis and see what thoughts you guys had about when to stop searching.
- Login or register to post comments
- Email this Forum topic
Tags:
Poll
WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
52%
No
48%
Total votes: 105
New groups
Wrong thing to do a
Wrong thing to do a comparable analysis on, way too many variables. Just be extremely honest with yourself.
Never give up. This is the
Never give up.
This is the rest of your life you're talking about here. Do you really want to be some 9-5 schmoe forever and ever? Keep it up kid, stay focused and you'll come out on top.
Why would B-School be so bad?
I think it could be a great decision to go to b-school at this point and wait for the market to turn around. You'll find it easier to get back into banking with your prior experience and you'll also have an MBA.
SBE
I think there's a slight catch 22 there.
In order to do banking, it helps (and for anyone ambitious enough to pursue banking, usually is) to have a top 20 MBA or better, M7. No one would deny the importance of that. Now, the problem with going to business school now is that the application process is flooded with other people. Applicant rates are known to jump in market downturns. So, the first thing to realize is the competition will be greater.
Second, I'm curious how much experience the OP has. If it's just a year or even two, getting into the top programs as someone originally interested in finance might not put him/her in the best position to get into a top school.
not really looking for a top b-school
I think there's a slight catch 22 there.
In order to do banking, it helps (and for anyone ambitious enough to pursue banking, usually is) to have a top 20 MBA or better, M7. No one would deny the importance of that. Now, the problem with going to business school now is that the application process is flooded with other people. Applicant rates are known to jump in market downturns. So, the first thing to realize is the competition will be greater.
Second, I'm curious how much experience the OP has. If it's just a year or even two, getting into the top programs as someone originally interested in finance might not put him/her in the best position to get into a top school.
for me, its pretty much peacing out on banking for the time being and trying my hand at a different career in "business." i have close to two years experience (9 months buyside, 1 year banking).
im looking to get about 3-5 years of experience post-MBA and then going to law school or go into private practice/starting something on my own. I don't even know yet.
But really, how long can someone interview? 6 months, 9 months, 1 year, 1.5 years?
re:
for me, its pretty much peacing out on banking for the time being and trying my hand at a different career in "business." i have close to two years experience (9 months buyside, 1 year banking).
im looking to get about 3-5 years of experience post-MBA and then going to law school or go into private practice/starting something on my own. I don't even know yet.
But really, how long can someone interview? 6 months, 9 months, 1 year, 1.5 years?
Also, I'm not really looking into a top 20 business school. Just one adequate school that is recruited heavily by corporates and financial services firms for accounting/corp fin positions. I'm well aware of how competitive the top 20 are. Besides the "lesser" schools don't have as high standards as the top 20 do.