ADVICE!! What to do after getting fired? When to tell ?
I’m a HF analyst at a SM with 5+ years of experience, was let go recently. They will keep me on payroll for another 2 months. But I don’t think I will get a super strong reference from here.
I’m not sure what’s the best thing to do here:
1. I’m in a recruiting process with a top tier firm, started before I was fired. Do I need to disclose this new information to them? What if they find out during background check?
2. When I talk to HH/additional firms, do I need to tell them that I am unemployed? Or I don’t need to do that until the end of my severance period?
3. Am I better off finding a MM seat as soon as I can and try to shop around from there? Or I should search patiently until I can secure a decent role?
Any advice will be welcomed !
Based on the most helpful WSO content, here's what you need to know:
You are not obligated to disclose being laid off to headhunters or in interviews unless directly asked. The key is to frame your narrative positively and strategically. Here’s how to approach it:
For Headhunters:
In Interviews:
Timing of Disclosure:
Networking and References:
Remember, the goal is to control the narrative and present yourself as a strong, forward-looking candidate.
Sources: Being Fired and being upfront about it, Was just asked to resign...what should I say on interviews?, I’m being fired but am supposed to start at another bank this fall, Are you interviewing with any other banks/firms?, https://www.wallstreetoasis.com/forum/job-search/suing-a-former-employer?customgpt=1
Wait until severance ends to say anything obviously. After that, tell people you resigned for whatever reason. 5 years is enough tenure to quit without too many questions, IMO
Two months is plenty of time to go through the process with the top-tier firm. Can still start talking to MMs.
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