Laid off, still applying for jobs, getting demoralized. Advice?

Back on the burner account.

Abridged version is that I was let go from a fund back in January due to poor performance related to one of our strategies.

Since then I have reached out to alumni and friends on the street asking for potential leads, and giving them background on my experience.

Beyond that I have likely applied now to 600 or so positions. I've had maybe 10-15 initial interviews, of which maybe 5 have been for a strong fitting job.

I've noticed it's better to be intentional and really focus on the positions you'd be a great fit for, but I'm not going to lie that 585 rejections doesn't feel like nothing.

Does anyone have any advice they might be able to share?

Background is in equities s&t (internship at BB) and buyside prop trading (event driven equities).

I am looking at markets/relationship related roles such as equity sales, sales trading, marketing/ir for a fund, and private banking, but would be open towards more research related positions as well.

 

Darth-Trader, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

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  • Applying for those laid off in 2008? been out of school for two years. So I'm in a similar situation as analysts who were laid off ... been in a position like mine). How do you market yourself, and what kinds of jobs do you apply for ... ? Thanks, Luke layoffs jobs applying ...
  • IB Layoff Rounds- Are PhDs less likely to be cut? My friend hasnt been laid off yet being laid off, he's still there. are phds immune (relatively) from layoffs or something? ... Hey guys, just wondering: are people with phd degrees almost never laid off in a mass IB lay off ... round? All my college friends who had worked as IB analysts at Barclays have been laid off by now. All of ...
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  • Laid off while interviewing I would technically still be employed but I could go look for jobs. So I have been getting some traction ... I was laid off will raise too many red flags even though it was merely a lay off and I can provide ... Looking for some judgement free advice here: I was given notice by my firm that I was being laid ...
  • More suggestions...

Any pros willing to rescue this discussion? BGP2587 esiom CaptainJapan

Fingers crossed that one of those helps you.

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

How long were you employed FT?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

How poor was performance? What led to the underperformance, was it more being outright wrong? Mis-hedged? Over-sized?

"The way to make money is to buy when blood is running in the streets." -John D. Rockefeller
 

Given you were employees FT for less than a year, maybe try and find a trade support/assistant role?

Could also pivot careers, you are young enough.

How bad was your sharpe

"The way to make money is to buy when blood is running in the streets." -John D. Rockefeller
 

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