Recruitment Season: Doom and Gloom or Great Success?

Vontropnats had an awesome post last week on the beginning of the recruitment season. The fact remains, however, that this could be one of the worst recruitment seasons ever. Layoffs are increasing and compensation is decreasing.
At the end of the day we can whine about the situation and circumstance of our job hunt all we want, but this just means that we need to have extra determination and effort to get our desired job. All the negatives mean one simple thing: The competition to get a job in banking and finance is tougher than ever. In addition to the extra work we may need to compromise on a few things:
Will this be another horrible recruiting season? What are you doing to set yourself apart from the masses? Will things get better after the election?

Pictured yourself in the big city? You may need to be more open to Houston, SF, Atlanta, Charlotte, Richmond, etc.

Wanted to work at a BB? You may need to be more open to Boutiques and MM firms.

Wanted a "Front Office" gig? You may have to settle for something "less prestigious."

Wanted to cruise through recruitment because you go to a fancy school?
You may need to do some extra preparation.

Wanted to transition into Finance with a limited finance/accounting/math/econ background? You may need to take a year or so and get yourself extra education.

Hopefully you will be

with job offer in hand at the end of the season. Good luck!

Comments (9)

 
Aug 23, 2012 - 11:12am

DrPeterVenkman:

Pictured yourself in the big city? You may need to be more open to Houston, SF, Atlanta, Charlotte, Richmond, etc.

Whats the scene like in D.C?

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
 
Aug 23, 2012 - 11:54am

D.C. is slow, trying to make some headway but none of the contractors will do anything until the
election is over and the clarity improves, so maybe some M&A in the pipeline by late Fall.

DLJ Analyst Class '96
 
Aug 23, 2012 - 12:06pm

TheMilkman:
D.C. is slow, trying to make some headway but none of the contractors will do anything until the
election is over and the clarity improves, so maybe some M&A in the pipeline by late Fall.

How important is the election? I've had people in the industry and profs at diff schools tell me recruiting will be better after election is over (doesn't matter who wins). What is your opinion on that?
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