How much harder has Covid made career changes?
How much harder has Covid made career changes?
Have people got used to hiring on zoom now? Or are people even more cautious than usual?
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People have been using zoom. Career changes are easier than ever with the hot market.
Even outside of IB and outside of the USA?
COVID has made jobs changes significantly easier, even if we exclude the hot job market. You no longer have to make up “dentist appointments” so interview or try to come up with an excuse of why you need a vacation day with only three days notice to fly somewhere else. Every job interview is virtual now, so it makes it much easier to dip for an hour or so (just put a generic meeting on your calendar) and you’re set.
Based off of attrition, seems that it is easier.
Could also see it being harder to find the time to interview though. I can’t imagine having to fit in prep + multiple interviews if you’re busy, and it’s definitely been our weaker/ less in demand juniors who’ve jumped ship. Not super impressed with the lateral hires either
I spoke to various recruiters in the last ten days. Most input was from London, but two calls were in NYC.
1) With the right skill set, and in the right industry, there are significantly more open positions than applicants.
2) Someone called it a "candidate driven market"
3) Huge amount of flexibility for WFH 100%, no firm is expecting you to do anything F2F currently.
4) Many recruiters are "running out of candidates in their pool' and don't have anyone to present to their clients.
The discussions I had were in PE, VC, fintech, crypto (all startups), and one discussion was with a US BB in London.
Got the same input from HHs in London
I've gotten two new jobs during Covid/Lockdown. not career changes but still.
Last Jan - interviewed with a firm and started remotely a few months later - last month joined another firm (~23% increase in pay overall) remotely.
You work in equity research? How did you have the gumption to swap 2 firms in a year? Feel like I'm always wary of jumping ship given how much the industry is declining, doesn't seem easy to find analyst seats at top shops
Nah Im in credit/structured credit. Industry is red hot at the moment.
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