laid off- should I move back in with parents or not?
I was a second year associate (junior to analysts) at a buyside firm (traditional Asset Management) doing fundamental research in fixed income until very recently. This was a job that I got straight of undergrad. I was laid off due to downsizing although my performance wasn't great either. This has caught me somewhat off guard and I am still in the process of thinking of what my next steps should be.
My questions are:
1) For someone in my situation, what are the usual routes people take? Is it possible to lateral into another comparable position elsewhere?
2) I am very interested going to a top business school, but am wary that my two year experience is not enough, what are some good opportunities that could help me with my application in the next year or two?
3) I am currently living in NYC and while paying rent is not a major issue, I am considering moving back with my parents for a couple of months while contemplating my next steps. This would save me some rent money while also allow me to spend some time with them, who I haven't seen in a year. However, while California has some opportunities in finance, I'm afraid that moving back would make it difficult for me to apply for positions on the east coast. What should I do?
Any advice would be appreciated.
I'd stick around in NYC for a few months, reach out to headhunters/recruiters, call on your network (likely mostly in NYC), and see if you get get something within 3 months. if money gets super tight, cut your losses and move back if mom & dad won't pay your rent while you're job hunting. I'm of the mind that you need to stay in the game, if you leave your element, your friends, and your network, you're at a disadvantage.
I feel your pain as I was in the same situation a few months ago.
Good luck and keep fighting.
It seems like a strange time for an AM firm to be downsizing.
I'd advise you to try to stay in NYC if you can afford it and waste no time being productive in your search. Update your linkedin profile and make it perfect for recruiters/HH's, same goes for the resume. Set up meetings now because hiring processes can take time and you're likely to not land the first position you target.
I'd keep your b-school options open as well. Two years experience isn't bad for an MBA or MSF. If your end goal is to get back to the west coast, attending a b-school out there is your ticket.
Natus autem labore dolor autem voluptatem. Labore et ipsum quis rem. Ex consectetur dolor modi qui cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...