Hinted that I would not get full time position, can I do something to change that?
So I have been at this AM for 3 weeks. I have been working super hard (get in before most of the office and be the last person to leave). I am fast and I pay attention to details (in fact my boss has never come to me to ask me to re-do any work). I know the asset class that we invest in quite well. The only problem is that my communication skills are not good. I am not a native speaker but I am not a FOB either. I do have accent and it takes people a little bit to get used to my accent so in the last 3 weeks, almost every time I say something, people in the office tend to ask me to repeat. I am disappointed at myself as well but what can I do to improve my speaking????
Today, my boss hinted that I will not be hired full time not once but twice. First he told me to explain a model that I built on paper so that after the summer, when if someone is hired there, they would know what to do with the model. Then I guess he thought that I didnt get the hint, so again when I was modifying another model, he told me that I should better make a little how-to document so that the student next year would know what to do.
This AM invests in a private market (not PE though) and relationship is an important factor. I guess he thought that I will be super bad at building relationship with my speaking skills now(?).That is the only reason I can think of. Also, in the last 5 years, they didnt bring any new analyst to the fund and the fund only has 10 people with half of them work in support roles.
So I am just wondering if there are anything I can do to have a chance for a FT position or I am just out of luck now? I will be there till mid september but now I am quite sad and disappointed :(
i don't think you're out of luck at all. yes, being able to communicate clearly and naturally is important, but you are far from the first person who doesn't speak perfect english to be hired on wall st.
off the top of my head, 2 of my friends are native mandarin speakers and, while they can speak english, definitely have the same problem with having to repeat themselves very often. both, however, are working FT FO roles.
obviously if you can improve your communication skills, you should. so keep working at it. but, at least in my experience, you will not have a problem landing a FT gig.
Not going to lie here - being a "FOB" definitely has its disadvantages. For a few of my interviews this year, I met both "Americanized" Asians and "FOB" Asians. Guess what? Most of the FOB Asians got cut after 1st round. In fact, I don't recall seeing any FOB Asians during my final rounds at any firm.
That being said - clearly you're smart/hardworking/etc and got an offer. You just have to overshadow your linguistic disadvantages with top notch work quality. Make them remember your good work rather than your conversation abilities. I know it's hard, but that's the only way to go. Your accent isn't going to go away in a few weeks. Another alternative is to look into Asian offices (Hong Kong, Singapore...etc) for FT.
Just ask to grab a coffee with him or have a quick talk in his office or something and put it out there. If you want a full time offer, say it straight up and if he gives you negative feedback ask what you can do differently to make the FT offer happen, and then do what he says.
Talk openly, maturely and professionally about it. Worst case scenario he doesn't hire you full time, so you're right back where you started. You have nothing to lose, and even if he doesn't hire you ask for feedback that you can use to avoid the same mistakes at your next job.
Honestly based on your description it sounds like they don't hire analysts period, but you can still chat with him and ask if he knows anybody that's looking for a guy like you. Just be honest and ask him to e a resource, most senior guys care about advancing the careers of their juniors. Finance is an apprenticeship business.
Have they ever offered students fulltime? It sounds like they plan on hiring another student, probably as an intern.
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