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Based on the most helpful WSO content, here’s a roadmap to help you move forward:

  1. Networking is Key: Start reaching out to alumni, professionals, and connections in your target industry. Use LinkedIn, cold emails, and informational interviews to build relationships. The WSO Networking Guide can be a great resource for structuring your outreach.

  2. Tailor Your Resume: Ensure your resume is customized for each role. Highlight relevant skills and experiences. One WSO user suggested having 30+ tailored versions of your resume for different positions.

  3. Practice Technicals and Behaviorals: If you're targeting finance roles, study technical interview questions and refine your behavioral answers. Resources like Wall Street Prep or Breaking Into Wall Street can help you get up to speed.

  4. Stay Persistent: One WSO contributor shared their experience of sending 500 resumes before landing a role. It’s tough, but persistence pays off. Keep applying and refining your approach.

  5. Consider Side Hustles or Temporary Roles: If you’re struggling to land your ideal job, take on a side hustle, volunteer, or even a less-than-ideal role to stay busy and gain experience. This can position you better when the market improves.

  6. Leverage Recession Advice: Check out this guide for navigating tough job markets: https://www.wallstreetoasis.com/forum/job-search/a-guide-to-surviving-t…</a">A Guide to Surviving the Recession for New Grads. It includes tips on staying persistent, leveraging alumni networks, and avoiding unnecessary graduate school debt.

  7. Stay Positive and Focused: It’s easy to get discouraged, but maintaining a positive outlook and pushing forward every day is crucial. Use this time to reflect on your goals and refine your strategy.

If you need more specific advice or resume reviews, the WSO community is a great place to ask for feedback. Keep pushing—you’re not alone in this, and many have been in your shoes before finding success!

Sources: A Guide to Surviving the Recession for New Grads, A Guide to Surviving the Recession for New Grads, December Grad Entry-Level Job Search?, Recent Grad -- Lost & Frustrated, Seeking Advice, Job Search Advice

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hey friend, so sorry to hear - i was in a similar boat as yours in 08. my advice is to KEEP PUSHING AND NEVER GIVE UP!!!

i grew up quite poor, with scarce resources and opportunity - with most of my childhood and high school friends either going down a dark road in life or dead, unloved and forgotten.

after grinding for many years in awful public schools, i was very fortunate that a target school took a chance on me and gave a full ride, where an alum from a similar upbringing was generous enough to hook me up with an lmm pe buyside gig sophomore year and help me land an eb ibd gig junior year in a top group. 

i will admit that i was definitely not ready for the eb my junior year, was likely the worst intern in the firm's history (probably still am), and, not surprisingly, i did not get a return offer, in addition to graduating into 08, with no job and my family unable to take care of me.

i was jobless for more than a year, working a series of odd jobs, from call center to tutoring, and wandered across multiple LCOL cities, before an lmm ibd took a chance on me.

the lmm ibd i worked at was a complete no-name in a lower tier city and management was both hostile and toxic. the founder was notorious in his industry for being hard to work with, and i worked on so many materials of deals that never came to be. coming from my internship experiences, target school, and dysfunctional upbringing, i felt like i was flying so high up in the sky and then fell down to earth to work with a bunch of miserable peasants. regardless, i put my head down, did my part not to rock the boat and do exactly what they told me without question, which allowed me to go unnoticed, before, after a long and grueling process of multiple months, i was offered a better spot with an eb lateral position.

from the eb, i made it to mf pe, and then to a sm hf

while the eb, mf pe, and sm hf were all worlds apart better than the lmm ibd, all of them shared the common factors of grueling levels of work, toxic and hostile co-workers and managers, as well as failed deals.

in retrospect, my experiences allowed me to develop myself to the point where i was able to succeed at better firms, while also balancing that with providing for my family and enjoying all the little things in life.

above all else, i was very fortunate to have experienced failure while i was a junior in college and as a fresh graduate in 08 because it made me understand the industry and office politics better.

hear me out: it is SO MUCH BETTER to fail early on than later, especially down the road when you have a family and people who depend on you.

yes, my post-grad year working odd jobs while continuing to interview was mentally exhausting and soul crushing, but it was also a fun adventure and im glad i did it.

bottom line, i am beyond grateful to the universe get back into a career that has been the greatest learning experience for me and one that allowed me to break the cycle of intergenerational poverty that has run deep in my family for so long.

im also very fortunate that my kids will never have to experience the struggle that i grew up with.

there is no success without failure, so my advice is to NEVER GIVE UP!!!

invest in all sorts of modeling courses, read lots and lots of books, network aggressively, delay your gratifications, and take a refreshing nap or relaxing nature walk when the tough times get too suffocating to breathe, but NEVER GIVE UP!!! because your future self will thank you for it.

play the long game and do things today that your future self will thank you for, always.

may investor's fortune smile on your efforts and life!!

 

Hey man—

I have seen your comments a few places, and was wondering if you could give me some advice here.

Former MBBconsultant that struck out from PE. I am still pushing for PE, but given your career and all your successes , do you think MF PE is everything / do you have any tactical advice here on what to do ? Should I pursue an MBA? Take any type of banking gig I can get? I agree to never give up and have been pushing for any type of PE I can get to break in and then transition further from there.

 

mf pe is a v stressful career and it's not for the faint of heart. 

with that being said, pushing through all my setbacks definitely did give me the opportunity to strengthen my mental fortitude to the point where i was a top associate in mf pe and it gave me the option to stay at the firm or choose sm hf; i went with sm hf because i felt that there was more upward mobility opportunities, a crossover investing strategy across public and private markets, and from growing up in poverty and graduating jobless in 08 - i NEVER wanted to be at the mercy of anyone ever again.

had i done ib --> mf pe --> sm hf after graduation from college, i would NEVER have been as successful as i did without building mental strength from persevering as a jobless grad in 08 and at my lmm ibd under my toxic md.

my advice to you is that if you want mf pe, keep pushing because this opportunity will allow you to develop the mental strength and resilience needed to be successful in that career.

and yes, mf pe is indeed a game changer for sure; great brand name, training, experience, and steep learning curve working with experienced investors who have been doing this for decades.

in regards to your question about mba or banking, i would say banking is a better bet - imo, ib is the greatest learning experience, and it set up the essential training and skills that allowed me to be successful at mf pe and sm hf

furthermore, i have seen top mbas graduate jobless in 2023 and 2024; no joke - i know a mit mba and kellogg mba who graduated in 2023 who are working at call centers and a chicago booth mba who graduated in 2024 working at a starbucks; if you can go the banking route, then do that - instead of paying lots of money for a slight chance of a career reset, why not get paid to learn and reset your career?

hope all the above was helpful and all the best to you, my friend!

 

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