Laid Off - Looking for some WSO Insight
Going onas a 1st year associate in a Bulge Bracket Sales & Trading (see: Sales) role, looking for some advice on how to best approach this. My main goal would be to lateral into my role elsewhere, although my view on the long term of S&T in general is a bit bearish.
I've been reaching out to my network, and seeing if people in the industry know of opportunities, or people to talk to. Roles have been sparse in my network (are downsizing), Linkedin / Banks do not seem to have many openings on their sites for . I have received a few interviews from recruiters getting me in front of firms, and the occasional cold app, but nothing closed yet.
I've considered moving divisions, or even cities if I absolutely have to.
Recruiters have reached out for some opportunities in sales, IR, wealth management, and I have even looked at& trading assistant roles, but not a ton of traction. The other downside is I would also take a large pay cut from associate S&T pay (although food on the table is more important).
Feeling as though I am in some limbo where I'm an associate in a role that is not the most transferrable (structured product sales) to IB, ER, and convincing someone to take me on as an analyst in these roles seems unlikely given the nature of the market and plenty of grads in those roles already hunting. I've been rejected fromroles, some of which not even giving me an interview (maybe they see a red flag in someone in applying?) I am also fully open to considering new career avenues such as consulting, tech sales or account executives.
Any advice from fellow monkeys is always appreciated.