My team just got laid off

Question

Just got the news last Thursdday, our management has decided to let go of our team (since we have teams competing in the same sector/II category).

I was already looking to move, but I am now worried where I can go.

1) I don't want to do IR
2) Been trying to do Corp Strategy or Corp Dev (but keep getting beaten by people with more experience)
3) My personal investing style matches long-only AM (longer term view) as opposed to HFs.

Keyser Söze 123 · Accepted Answer

Was skim reading and saw, "My team Just got Laid."
DUDE AWESOME!

...But then I kept reading.

All I really took from your list, was that you can't do a lot of things because of external factors.  You've gotta change your mindset and start believing that anything is possible.  An optimistic perspective will carry with you into your future interviews / prospecting calls.  Always stay optimistic through transitions.

Have you thought about transferring to front office IB at a LMM / MM / BB?  ...if you respond to me that you can't because of something, I may have an aneurism.

cle_guy18 · Answer

I have been in equity research for the last 10 years and just gave notice a couple of weeks ago after accepting an offer to join a middle market PE firm. I would consider looking in to this route in addition to Corp Dev.

Dazed_Iam · Answer

"models_and_bottles"
How senior are you? Is anybody in your team getting recruited to another broker? Really need more details to be helpful.

Yeah I've definitely seen teams fired at one place only to be hired somewhere else. Downside is that you're waiting on something that could never materialize if your senior analyst doesn't land anywhere.

It might be a tough sell to break into credit (equity carries a stigma) but you can probably spin your story.

ar169 · Answer

Keyser Söze 123

Was skim reading and saw, "My team Just got Laid."
DUDE AWESOME!

...But then I kept reading.

All I really took from your list, was that you can't do a lot of things because of external factors.  You've gotta change your mindset and start believing that anything is possible.  An optimistic perspective will carry with you into your future interviews / prospecting calls.  Always stay optimistic through transitions.

Have you thought about transferring to front office IB at a LMM / MM / BB?

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My team just got laid off

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My team just got laid off

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