20’s and Unemployed

It’s tough, no doubt, but based on the most helpful WSO content, here’s a roadmap to help you regain control and move forward:

1. Address the Gap Strategically:

   • Be honest but strategic about your gap. Frame it as a time for personal growth, addressing health and family priorities, and emphasize how it has made you more resilient and focused.
   • Highlight your 2 years of CIB experience as a strong foundation. Many industries value that background, even outside of banking.

2. Networking is Key:

   • Start reaching out to former colleagues, classmates, and mentors. Ask for advice, not jobs. Build rapport and let opportunities arise naturally.
   • Use the three-step networking approach:
     A) Ask for an introduction or a conversation.
     B) Win them over by asking insightful questions and showcasing your value.
     C) Only at the end, inquire about open roles or referrals.

3. Consider Alternative Paths:

   • If IB roles are slow to materialize, explore adjacent industries like corporate development, consulting, or even fintech. Your CIB experience is highly transferable.
   • Think about pursuing an MBA or a specialized master’s program to reset your career trajectory and re-enter as an Associate.

4. Stay Active Professionally:

   • Avoid long periods of unemployment. Even a temporary role in a related field (e.g., corporate finance, consulting) can help bridge the gap and keep your skills sharp.
   • Consider certifications or online courses to upskill and show initiative during this time.

5. Mental Health and Perspective:

   • Remember, this is a phase, not a definition of your worth. Take care of your mental health—exercise, seek therapy if needed, and lean on your support system.
   • As John Wooden said, “Success is never final, failure is never fatal, it’s the courage to continue that counts.”

6. Set a Timeline:

   • Give yourself a clear timeline to achieve specific goals (e.g., securing a role, applying to programs). If things don’t pan out, pivot to a new strategy or industry.

You’re not alone in this, and many have bounced back from similar situations. Keep pushing forward, and don’t hesitate to seek help when needed.

Sources: Laid off, Depressed and Giving up..., Life after Investment Banking, Overwhelmed here, words of wisdom would help, Life after Investment Banking, Graduating MSF - no job