Got fired without previous warning in London
Hi guys,
I got caught up in office politics (M&A director hated me and asked for my head) and got fired from a boutique in London. My bank is well known in the sector (renewables, clean tech, infra).
This was completely unexpected as I was expecting top bucket bonus and was promised to become associate next year (I am a senior analyst).
What next? I am afraid as I won’t have enough money to afford being in London (was helping my family back home so I don’t have savings).
I am applying like crazy and speaking to recruiters and my MD promised will never say a bad word about me but still I am scared and in a difficult position (financially wise)
Thanks in advance for your advice
Sorry to hear but it’s the unfortunate reality of finance and smaller firms especially.
1) surely you are getting a severance package unless you were still on your probation period (which I doubt)? It should cover 3-6months of living expenses if you cut your spending a bit (and stop helping your family back home which they should understand given your position).
2) its a tough hiring market right now, you might have to compromise and get hired at the analyst/Sr analyst level and/or at shop that has a “lower” brand name
Hi, thanks for your reply.
I get 3 months salary which is ok and my market is bit more stable than others (infra/renewables)
I just wanted to be sure I won’t be fucked so bad that I won’t find a job.. I don’t care about compromising since I am not so focus into the prestige stuff but I also a really bad no name boutique will hurt mea lot…
Have you looked at Augusta & Co?
The wider Infra space is in kinda better shape than the rest of the market. Still not the best time to be recruiting but don't let this get to you. You can take December off as nothing is moving this time of year anyway and start recruiting aggressively in Jan. Get the story pinned down early on before you start reaching out to people and then try all avenues available.
Thanks mate,
I am a bit scared…
Don’t want this to be 5 months without a job..
Agreed but keep in mind that the market at the moment is such that a few months of unemployment may be required and people will understand a longer than ideal gap, to some extent. Sounds like your priorities are clear and want to start getting payslips again ASAP. In that case you should maybe focus on securing anything remotely interesting that pays rent and expenses and then keep recruiting for a better role.
It could be 5 months or more without a job. Use that nervousness to apply and network hard to make it a much shorter time.
Try with Alexa Capital, or DC Advisory
DC advisory is hiring now for A3, I can pm you the MD's mail in charge of the hiring.
Hi Anon,
Could you by any chance PM me. Currently looking to see if DC has any A1/2 Openings (Firm performed horribly last year and laid off a huge chunk of us 2 months after promotions. Currently 8 months unemployed and seriously stressed).
Please pm me
Hi mate,
Can you share the email?
Thanks
RBC London looking for senior analyst for infra / utilities if helpful.
Yes,
Recruiter sent my CV. Thanks
Good luck and hope things turn out okay. Sucks this happened.
How good is RBC power&utilities?
It's probably late for this one now
I interviewed with RBC a few weeks ago and also waiting to hear back from DC Advisory (both infra position). Not sure if both firms are hiring to replace people who got laid off or just expanding in general.
Any thoughts on both firms? How are the hours and culture? Thanks
RBC infra is their best team, mostly sponsor buysides though. Hours are tough of course. DC infra is also their best team by far, mix of buy / sell sides and debt advisory. However, I hear conflicting opinions on quality of people and work done.
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