Laid off for 4 Months
It’s been 4 months since I’ve been laid off (experienced analyst).
My coverage was relatively niche so have been struggling with getting back into a similar role but have kept my net wide in terms of recruiting.
Am I right in thinking the market has been really slow over the last few months (and specifically in July/august) or is my CV gap really that much of a red flag.
Not sure if this is a rant or asking for advice but honestly feel so lost now and would appreciate any input or guidance.
London based if relevant.
The market has indeed been slow, particularly during the summer months like July and August. Based on the most helpful WSO content, this slowdown is not uncommon, as hiring activity tends to dip during these months due to holidays and reduced deal flow. Additionally, the current economic climate and industry-specific challenges may also be contributing to the sluggishness in recruitment.
However, a 4-month gap is not necessarily a dealbreaker, especially if you can demonstrate that you've been proactive during this time. Here are some actionable steps to improve your chances:
Leverage Your Network: Reach out to former colleagues, mentors, and industry contacts. Networking is often the most effective way to uncover hidden opportunities, especially in a tight market.
Broaden Your Search: While it's great to aim for a similar role, consider exploring adjacent roles or industries where your niche expertise could be valuable. This could open up more opportunities.
Upskill and Stay Relevant: Use this time to enhance your skill set. Consider certifications, online courses, or even contributing to industry discussions to show you're staying engaged and current.
Address the Gap Strategically: Be prepared to explain the gap in interviews. Frame it positively by highlighting how you've used the time to grow professionally and remain active in the industry.
Consider Temporary or Contract Roles: These can help you get back into the market, rebuild momentum, and potentially lead to full-time opportunities.
Remember, the market's pace can vary, and persistence is key. Keep refining your approach, and don't hesitate to seek feedback on your CV or interview performance to ensure you're presenting yourself in the best possible light.
Sources: Still want the job? Are you prepared?, Lateralling Job Market, Q&A: London L/S + event-driven analyst, London SA 2023 Timeline, London S&T Salary progression
If nothing else, I at least would hope that a CV gap of only 4 months doesn’t amount to much of a red flag
Appreciate it - thanks. Fingers crossed
I have been looking since April and got into zero new process in Jul/Aug, if that makes you feel better. I heard from headhunters that the March selloff has created some delays in the usual Q2 hiring. I'm in S&T/HF though.
Yeah July and August felt completely dead, hoping September picks up a bit
Spam every recruiter out there - Dartmouth, Linear, Edgworth, Pearse, Metis, etc - follow them on LinkedIn as they usually have roles marketed often and they ask to send an email to them with your CV. Keep grinding and speaking to as many as possible. Don't think a CV gap is that bad personally
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