Quit indefinitely or wait it out?
Current role is unfulfilling with no growth and an all around depressing environment for myself that I'm willing to quit with nothing lined up. I've got resources to support, should I be without a job (family and savings). However, I'm wondering if there is value in continuing in my current role until I lock in the next offer. Better to have a job while looking than none. My current role is sell-side debt and doesn't offer direct transaction experience.
Before the end of last week, I finished interviewing with a GP but I think I'm an alternate candidate since they only said they'd get back to me "soon." There's not been any update on anything this far which is leading me to think they're waiting on candidate one to accept or not.
Additionally, I am at the final round on the LP side, no offer yet but "almost." I never really liked this role from the beginning due to work culture, the analyst turnover I've found and the disorganized interview process. It's in an advisory role for an asset manager, and is less in line with what I want to do. I'm thinking I could take it and then hop out of it after a year?
I want to work in acquisitions and/or development. First choice is with the GP, best all around in terms of the role. The LP role, I don't really like but feel its a step up from what I'm currently doing.
Thoughts? Questions?
I've read a lot that employers prefer to hire employed candidates rather than unemployed. I would think: what else would you do with you time if you weren't working? And does your current role hinder your advancement more than being unemployed would?
Nobody else needs to comment. THE ABOVE ARE THE CORRECT AND ONLY ANSWERS.
The above are correct but I want to touch one one thing that hasn't been covered in the responses so far - don't just take another job to take another job. You are already in a situation that you hate. Don't take another role that you may end up hating in another 6-12 months. Look at it this way, you're getting paid right now to look for another job. You aren't looking to get promoted, so all you need to do is the bare minimum to not get fired. If you approach it this way as a positive, this will improve your outlook. You can roll into work a bit later, leave a bit earlier, and not bust your ass while you are searching. Just don't get fired.
During this time, line up as many interviews as you can with jobs you actually WANT (you mention acquisitions so do that.
You're in a pretty good position even though it might not look that way, keep your chin up.