Laid off analyst - looking for opportunities

Hey folks, 

I was recently laid off from my previous role around four months ago, and I've been finding it challenging to secure a new job. Despite my significant experience, I've been struggling to get any promising leads.

If anyone knows of any opportunities or has any guidance to offer, I would be immensely grateful. At this point, I am open to any role that can help me get back on my feet and work my way up.

Thank you for taking the time to read this, and I appreciate any support you can offer

 

Any role honestly, just need to get back in the game and will then figure. Not having luck from HH, not sure why though. Do you have any opportunities you could point me to?

 

Any role honestly, just need to get back in the game and will then figure. Not having luck from HH, not sure why though. Do you have any opportunities you could point me to?

Recruiters / HH are largely a waste of your time and rarely do more than give you empty promises. Their attention quickly shifts once the next wave of laid off bankers flood the street, pushing you further down their interest pile. They’re also building their book of bankers to spam you for months and years on end once we get past this vicious economic cycle.
 

As a laid off junior who landed another role, I found more success monitoring LinkedIn for new postings and then finding a somewhat warm contact at the firm to push my resume along after applying online. Use recruiters where you can but I wouldn’t recommend relying on them and putting your faith in them as you try to land an offer. In this market you have to go out and get it yourself. 

 

Renewables project finance/structured finance/capital markets roles at developers. Look up Invenergy, Clearway, Intersect Power, RWE, etc.

There's a lot of demand for renewables finance people right now and a lot of firms are happy to train people who have a few years of experience. However, comp is a haircut to banking, higher than corp dev tho.

 

Renewables project finance/structured finance/capital markets roles at developers. Look up Invenergy, Clearway, Intersect Power, RWE, etc.

There's a lot of demand for renewables finance people right now and a lot of firms are happy to train people who have a few years of experience. However, comp is a haircut to banking, higher than corp dev tho.

I don’t think he’ll get looks from half these places. Intersect doesn’t pay well so that could be an option. 
 

RWE / invenergy are both Chicago and have also heard low pay over there (lower than corp dev F500)

 

I have a friend that works at Invenergy and know for a fact that they are at or above F500 corp dev. That said, the team has had a lot of turnover in the last year so I assume they are below market for project finance.

I believe intersect posts their comp ranges on their job postings so you can look at that.

Also, OP literally said he's looking for any role to get him back on his feet. So, I'd think making $120k+ base with 20-30% bonus and more of a life than banking would be appealing.

 

Assuming you're open to roles outside of IB you need to skip the HHs and apply directly to postings. Corporate jobs do not use HHs for junior roles, they are too expensive and they can just post the jobs themselves. As mentioned above, can network too once you find jobs you want.

I'd look on LinkedIn for corp finance type roles... corp strat/dev, FP&A, IR etc.

 

As a first year Tech M&A analyst who was laid off recently, do you think it’s possible to accept a role in Investor relations at a reputable firm and try to lateral back into M&A as an analyst in say a year or so? (or whenever economy picks up). I can’t afford to wait around for late summer and hope that analyst laterals open up.

 

Corp dev and strategy are useful as they develop the same skillset. Corporate or commercial banking would be other ideas.. valuation, consulting, asset management, equity research too. Few of these roles are hiring a ton right now though

If you have an IR offer from a solid/name-brand firm I would take that. It's really hard as a first year, let alone a laid off first year. People will understand you had to take a different path given the situation

 
Most Helpful

Any chance you can extend graduation at this late hour..? December would help you land something but you really need to hustle.

Guessing this is far more of a timing issue than experience. Those people who got in likely signed as sophomores with 1 internship and then were basically good to go. If you miss the boat on SA recruiting, you have a 1 or 2-week recruiting window to land FT opportunities... tough spot. 

I think you need to drop the IB or even big company aspirations right now and just find a job in finance if you can't extend graduation. Literally anything finance or corp finance related is what you're going to have to settle for given you graduate so soon. I would also look into 1-year masters programs.

 

Hi mate,

I work for a HF based in Australia so there may be limited translation in what I'm saying but I'll post anyway.

A lot my time now is spent networking and cold messaging PM's/other analysts on stock ideas, or simply writing back and saying "congrats on your 4Q, I like your thesis on stock XYX". I have had a lot of success/responses and made some good connections.

I have continually been doing this even whilst I'm employed to grow my network and build some personal brand in the community.

I understand IB/HF nuances would be dissimilar in what ideas you are pitching, but I think it's do able in IB

 

Beatae voluptas nihil quo provident commodi eius. Minus voluptatem totam voluptatem odit. Facere quasi voluptatibus vel aliquam et. At quidem provident debitis voluptatem. Quidem ipsa quia et accusantium.

Eos quia sint aspernatur excepturi omnis aut veniam. Quaerat aut hic soluta sint placeat beatae velit doloribus. Quam consequatur ex consectetur voluptatibus cumque occaecati.

Ad excepturi qui repellat eaque similique. Occaecati est aut vel omnis. Sint iste iste officia. Numquam voluptatibus possimus esse. Neque omnis voluptatem placeat eaque pariatur dolorem inventore. Praesentium illum iure ut minus odio ad sunt.

 

Ipsa aut voluptatem non accusamus quibusdam voluptatum. Non commodi excepturi rerum. Mollitia itaque repellat dolores illo consequatur. Aut quia enim eligendi et cupiditate temporibus.

Veritatis accusantium laboriosam laboriosam debitis et similique voluptatem aspernatur. Molestiae consequatur rerum aut et.

Dolores autem nesciunt est quam ut voluptatem nemo. Saepe porro et et modi voluptatibus. Aut quia est incidunt. Ut quam ut tempora et repudiandae eos id necessitatibus. Pariatur corrupti voluptates autem voluptatem. Qui est ullam modi error illo in pariatur ex.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”