Current Job Market for Infra Investment/Banking
Hey guys! So, I started looking for a new gig back in August, but so far, not much luck. Got to the final round with for a project finance bank, but no dice. My current fund is winding down (yikes) with no plans for future raises, so I’m officially on the hunt.
I’ve got 8 years in infra PE (lower middle market)but have done some notable deals with blue chip counterparties, plus 3 years as an engineer in the energy space. Thought I’d have more traction by now, but it’s been quiet, and I’m starting to get a bit worried. I know it’s only been two months, but still, any tips on how to get things moving again? Been doing the usual, networking with anybody and everybody (even recruiters..) but interview conversion is low.
What’s everyone seeing out there in the job market? I’d love some advice, or even just stories to remind me it’s not just me struggling right now. Appreciate any help!
I am in the New York area
Based on the most helpful WSO content, here are some insights and advice for your situation:
Current Job Market Insights:
Tips to Improve Your Job Search:
Networking:
Resume and Interview Prep:
Targeted Applications:
Stay Updated:
Encouragement:
Resources:
Remember, it's only been two months, and while it feels long, job searches can take time, especially in a competitive market. Keep refining your approach, and stay positive. Good luck!
Sources: Laid off, Depressed and Giving up..., Networking Is Paradise, Lets say you go to a non target and get a job locally. Can you network your way to get a job on wall street., Networking Statistics and Success Stories in IB Recruitment, My business just blew up and I cant find work.
I know a good amount of nonBB balance sheet banks that are really trying to build out their PF and Infra/P&R groups. More broadly, I know in terms of hiring at the analyst level for these verticals, it has definitely been a lot of candidates fighting for very few spots which seems to be the case in the broader job market in banking. Can’t speak to the senior level though.
Thanks, could you tell me who some of those banks are. I'll do some outreach
Purely based on word of mouth, but Japanese banks like MUFG and SMBC have really tried to expand their PF presence through easing their lending standards. Banks like Truist and CIBC have pushed to grow their P&R and sustainability banking groups with the goal to take market share. Smaller boutiques like PEI are also probably still in growth mode where they need more senior banker to balance out their high number of juniors.
Don’t know how reliable this info is, but that’s what I’ve heard.
Thank you so much
You should join agentis capital if you’re really desperate but have infra experience. The comp is very good but the culture is non existent/toxic.
care to elaborate at all? Thank you
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