Trending Content - Investment Banking Forum
| +189 | UBS preparing for a October Layoff Massacre | 163 | 1h |
| +67 | Work and Suicide | 29 | 1h |
| +49 | Is 7 years in banking enough to retire, or am I delusional? | 30 | 40m |
| +46 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 12h |
| +35 | A Message to Students Who Think this Job Will Fix Their Life | 7 | 1h |
| +34 | MM IB --> NYC IB? | 17 | 1d |
| +27 | Should I escape the matrix | 5 | 19h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 1d |
| +23 | LevFin, First Interview (Ever) Help! | 5 | 1d |
| +22 | UBS IB Balance Sheet Set to take a Hit | 4 | 3m |
Career Resources
Bump
What type of shop you were at and why were you laid off? Please be honest if there was a performance issue or not, as that can help us tailor any advice we give.
9 months of experienced and getting laid off is tough. You could 1) exit the industry and essentially start over as something else like a consultant 2) move down-market to a continue bank and work your way to Grace
Layoffs are hard bc unless you tell me the entire group got cut, there is always an element of you being at the bottom of the bucket. God speed.
delete
Currently in this boat. I am honest and upfront about it and most firms haven’t questioned anything. People are understanding due to the mass layoffs that have occurred in the industry.
I have also had processes just not closing but I am involved in current processes so it has not affected me. I’d be honest about what happened, and try to get your story straight.
.
I am also in a very similar situation, would be great to find a way to message you both to discuss strategies
How public was the layoff? Would competitors in your industry sector be well aware of it? Would your old colleagues (especially well connected seniors) vouch for you?
I was recently laid off (very public, large layoff) and was able to land a few offers. I used my seniors references / connections to get in the door for interviews at a handful of banks. Because my seniors were willing to vouch for me, I had very few questions around why I was laid off. None of the jobs I interviewed for were ever posted.
I'd reach back out to your old colleagues and see if they'd be willing to share your resume with any of their friends in the industry. Having a recommendation from someone you worked with, should eliminate most of the stigma around the layoff. Sounds like you were a good junior, so you should be able to talk to your resume / interview well.
.
How recent was this and how many analysts in your group were laid off?
See if you can have a few people be a reference point. There are a lot of places hiring lateral analysts. Do you have more than a year of experience in IB? If so, you should be able to lateral elsewhere at the same level
Doesn't matter when you're doing an outreach, but you should mention the layoff if you're doing an initial phone screen or interview, easier to note this during your resume walk-through
Dolor cupiditate autem sequi ut est. Nihil eveniet quia exercitationem dolor dolor aperiam. Vitae quia veniam delectus id expedita aut. Porro commodi sit in sed.
Ipsam nemo doloremque nesciunt et totam eligendi odio. Aut enim fuga tempora corporis soluta vero doloribus repudiandae. Aut at id facere harum accusamus dolore. Porro et saepe libero sit velit non in soluta.
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...