Sent me an email with a sweet Corp Dev job asking for my CV and a time to speak. Fuckers ghosted me even after sending a follow up.
Only after some digging further I realized it’s actually Pinpoint in disguise. Which makes sense because emailing about non-existing roles and taking CVs and ghosting people is their M.O.
FUCK YOU pinpoint!
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Water street search = Pinpoint
- ex employee
Rule of Thumb that has helped me:
PE - Headhunters are the gatekeepers so very rare for me to work around in the past.
Corp. Dev and Other Finance Roles - I look to see if I can apply directly to the role that a recruiter has contacted me about. Never had a recruiter for all of the roles I have had to date in finance and I have a severe distrust of them (except for two, not firms, I mean literally two people) because of what you laid out. I have been burnt too many times to where I have resolved myself to see a recruiter as a last resort.
Also, do not respond to emails from the following recruiters: Pinpoint and Sally Jennings are two that come to mind but others can chime in.
*Selby Jennings
They also just say some stupid shit. I had one tell me that the firm I was at (Houlihan/Piper/Blair) was a "dump" because he wanted me to take a job at fucking Mizuho.
Congrats on piper
Lmao dont matter how many times they rebrand they still shitty as ever
FYI
Other jokers in London include Greenwich Partners and Selby Jennings
These pieces of human shit are must-blocks for your email and on LinkedIn.
Dude there's like 50 of them, I literally can't block them all fast enough. I deadass believe that half of them are all the same person, spamming through different burner email accounts to get passed people blocking them.
Just got ghosted after sending a follow up on a PE recruiter slid in mine as well LOL so dumb
I still don’t grasp their revenue model. I’m assuming their recruiters work on a commission only basis, but do they actually place anyone?
These recruiting firms follow a revenue model where they receive somewhere around 20%-25% of the base salary of their placed candidates. Individual recruiters receive some % cut of that commission on a quarterly basis from what I've heard.
i dont unserstand, why do they just trawl for CVs? whats the utility in just having someones CV?
Literally get 5 emails a day from these clowns, and I’m email a dozen times to unsubscribe and tell them to stop emailing me. It’s asinine.
God damn figured this out the hard way. Sent an email to a headhunter at Water Street and now got an email from Pinpoint Partners today. Let's hope this isn't the beginning of absolute spam
They placed a buddy of mine at a (Stifel/Oppenheimer/BTIG). Apparently the dude (S.P. are his initials) was a MAJOR asshole all throughout the process though. My buddy asked for a TOTALLY reasonable relocation package & timeline while talking directly to one of the senior guys in the group, because why tf would he let some asshole who works as a recruiter negotiate for him, and the HH guy lost it and said something to the effect of "Are you trying to fuck this up and get your offer rescinded?!"
He's also a convicted felon who has been to jail. Complete scumbag.
Pretty sure Greville Partners is another rebrand of Pinpoint as a warning to everyone. Same shitty spammed opps, word for word identical disclaimers, and Pinpoint used to be on Greville Street, so yeah...
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