Interviewing unemployed analysts
Is it common for unemployed analysts (who left their old firm because of culture, fit) with a good reputation to be selective in who they join?
I would have thought these analysts would take anything they can get but hear stories of them rejecting interviews, final rounds etc because of stories of the PM or bc “fit” wasn’t there, or because the comp was below the ask (vs. them paying zero in unemployment!).
Beggars can’t be choosers so what gives? Are these guys just arrogant or what
Depends on the situation, but I don’t think your analysis here is great. Sure $1 is more than $0, but if you have many leads and are talking to a few places why take the $1 if it’s with a place you don’t think you’ll fit or if you think it is significantly below market value.
Many times these aren’t “beggars” but rather people that want to be in a better environment, have higher comp, etc and had the flexibility to leave their previous role. As an example, if I leave my current job, I would have plenty of time before money runs out (and have contractual agreements that would pay me for a while). I think it’s always better to find a job when you have one, but sometimes it doesn’t work that way.
If they left their old firm because of culture/fit, they are not beggars... they are very much choosers and felt comfortable enough $ wise to ditch. Why would you expect them to be any less choosy when searching for their next seat?
Sure, leave a firm cuz of culture and fit, then not be choosy in your job search to avoid firms with bad culture, then end up at another firm with bad culture again, then leave again ... 🤣
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