Dealing with failure - don't know what to do now
Hi all,
Just could do with some advice, if possible. Did pretty well at a IB boutique in London (early promotion to associate, total of 4 years but got tired of the grind with banking and made a move to a lower MM regional PE house.
Got absolutely shredded and torn apart (no guidance, structure) - no one there has existing PE experience so it was almost just flying blind and trying to make sense of it. It was also advertised within a certain sector niche which is my specialty but as soon as I arrived on day 1 - I was told this was not true and the fund was fully generalist. Within 6 months, I was fired for being "too quiet" (ironically, in banking, I was always commended for being extremely confident and great with clients.
Was fired a couple of months ago but the job market is atrocious and I've been told to sit tight by recruiters. Have scheduled 15 calls with PE directors / partners but my confidence has been slowly eroded. Also had a corp. dev role and was given a verbal offer but they undertook backchannel references and used a Associate & Partner who I didn't get along well with - and the offer was rescinded.
I really want to back myself and sit tight for the PE processes that are going to happen in September but:
i) How much of a stain is it on my cv? (I think my PE experience was absolutely unique and recruiters have mentioned to me that is not a normal shop - although I did get deal experience)
ii) When do I throw in the towel and accept that I probably should go back to banking?
Just in a tough spot - was extremely confident a year ago and now I'm a shell of the person I was and just need advice on how to approach this.
Ipsum alias enim incidunt labore dolorum. Natus occaecati commodi quas distinctio maxime. Dolore et velit est. Aut voluptas qui officia ut. Alias soluta rem fuga nesciunt fugiat atque voluptas. Excepturi beatae et qui delectus ut accusantium quas saepe. Non tempore quasi voluptatem velit.
Impedit perferendis voluptatem repudiandae perspiciatis. Iste excepturi praesentium ad minus quis dicta. Id dolor et in eaque odio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...