Fired for the first time
I was let go due to a internal compliance issue at a top BB. I was on the pwm side. Essentially cold emailed way too much before training and the damage was done. Happend months ago but I guess due to head count was discharged. I know have a blemish on my U5.
Are my chances of getting into a top BB over? Should I make a career change into consulting?
I can spin the termination by showing how proactive and eager I was to raise capital. I have one firm talking to me but the rest went quite after i told them what I happend. I know I maybe should have lied and said I left, but they would have found out anyways by looking at my U5 upon onboarding. When does hiring pick up again? End of feb ? This is for pwm at top BBs
You shouldn’t spin it as being proactive or anything similar for that matter. You clearly violated firm policy that could have greatly backfired, not only against you but against them as well. It makes you seem reckless.
Not sure any BB will give you a shot at this point. If anything, I would just be straight up about it. Admit that you were wrong, and naive, and that you’ve learned from that. The fact that you mention that you should’ve lied just shows a continued lack of judgement.
Not trying to be a dick. But you need to get your act and story together and move up from here.
Good luck.
You're pretty much done in the PWM space. It will be very hard for some reputable firm to give you a shot. But, I think the skillset is PWM can be taken into a lot of other jobs at F500.
How come I have an interview with a top 15 pwm shop next week then after telling them the situation and language on the u5? Minimum account is 10mm and above....
Honestly man you just sound arrogant and like a dick. Why are you getting all defensive with people offering advice to you? You messed up you made the mistake and you went against policy. You are making excuse after excuse explaining off what you did. He said it in a "most likely" sense obviously with connections and what not you can get an interview assuming you have high up connections that can vouch for you. Having a well regarded employee vouch for you helps to restore you ethics in the eyes of that employer (good employee vouching for you ethically) So yes, this interview is lucky especially for PWM where they take compliance rather seriously at top shops. Maybe, your referral is just well respected so they are humoring him with your interview with no intent to hire you (this happens all the time) so stop whining and taking this for granted and prep for your interview. Don't make a sympathetic argument own it admit its a mistake and forget the sob story. If this does not work out maybe go back to the F500 advice. Again, "hope" they aren't humoring your referral with no intent to hire.....
I would say that someone else sent an email and you were just copied on it. You thought it was pretty harmless whatever your colleague was doing (just MaKe up a story), but either way you weren’t expecting him to copy you. Email got flagged, and HR and compliance decided to make an example of you all. The lesson that you learnt from it was that one should always be careful of what emails are sent from one’s companies account as you are the guardian of the bank’s reputation. I would just spin like that as if no fault of your own. You told the bank you would resign, but HR said in their books you’d be terminated. So, here you agree to disagree with HR.
I’m sure HR will never go into mundane details of what contents in the email as I don’t think they are legally allowed and will keep your reference factual (terminated due to breach of bank’s internal policies which really could be anything) Just make sure you pick your references that have good words to say about you. If you don’t have a reference whose relatively senior (Associate or above), it’ll be hard