How’s the job market for those looking for a jump/those funemployed?

Drop your geography, title that you’re looking for and ideal salary range? Roles appear to be dry on the debt side in Toronto

UPDATE - Since this got moved to job advice forum, i'm primarily asking for the real estate crowd

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Based on the most helpful WSO content, the job market in Toronto, especially within the finance sector, has its unique challenges. For individuals seeking opportunities or those currently unemployed, it's important to note a few key points derived from the context:

  1. Competitive Landscape: Toronto's financial market is known for being highly competitive, with a limited number of key players. This can make job hunting particularly challenging, especially in specialized areas like debt markets.

  2. Salaries vs. Cost of Living: While finance roles in Toronto do offer salaries higher than average jobs, the cost of living in the city is also significantly high. This has been a point of concern for many professionals in the sector, as it affects the overall quality of life.

  3. Innovation and Risk Aversion: The financial sector in Toronto is perceived as being less innovative compared to other major financial hubs like the UK or the US. The market tends to be risk-averse, which might limit opportunities for those looking to bring new ideas or approaches to the table.

  4. Immigration Impact: Toronto's growing population due to immigration is a double-edged sword. While it contributes to the long-term growth of the economy, in the short term, it has led to increased competition for jobs and housing, making it tougher for job seekers.

  5. Technological Development: The city, and perhaps Canada in general, is seen as lagging in technological advancements within the financial sector. This can be a limiting factor for those who specialize in tech-driven finance roles.

For someone looking to make a jump or currently "funemployed" in Toronto, focusing on networking and leveraging online platforms like LinkedIn could be beneficial. Given the competitive nature of the job market, showcasing a unique value proposition and being open to roles that might not exactly match but are close to one's skill set could increase chances. Ideal salary ranges will vary greatly depending on the specific role, experience level, and the company, but it's crucial to research and understand the market rates for the positions you're interested in.

Remember, persistence is key, and considering the broader market dynamics in Toronto can help in setting realistic expectations and strategies for your job search.

Sources: Is it just me or is Toronto the absolute worst place for banking, Seeking a trading job in Toronto, End to a Rough Quarter | The Daily Peel | 6/30/22

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

NYC

Not real estate but things are looking better.

In 4 processes now (2 of them in the later / final rounds) since the start of the New Year. Things have been moving quickly. Recent MBA grad going for a non consulting / IB role (corporate / scaleups mostly). Significantly lower pay that I'd like (quoted for 90-100K all-in at most jobs, I was looking for 130-150K initially).

Hoping to land something by February but I plan to continue networking / searching in the NYC area for cooler roles. Whatever job I pick up in the upcoming months will not be a place I plan to spend more than 2 years at. 

 

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