After how long at a job can you start looking for another one?
I'm 4 months into a credit analyst role and hate my group. I'm really looking to break into markets but was wondering how my resume is going to look with 4 months at a BB...
any one have any experience with this?
2 years. :(
F%^$ Dat
Rather piss in my managers coffee than spend two years there
Seriously, 6 months? a year?
one year should be fine. have you thought of internal transfer within the company?
Bare min has to be 1 year. Anything less and you'll do nothing but raise doubts and make them go with someone else
1 yr but can start looking at around the 9mo mark
Heres the thing
I'm on contract for a maternity leave. Still have two months left and waiting to hear if I'm going to get extended or not.
Today though I got some sweet news from my manager telling me she would sign off on me if I landed another gig at our bank.
Getting a gig at my BB's one thing but i'm gunning for some other places and from what I'm gathering anything less than a year one do jack for me....
F$%#%$#%#$%#%#
start looking for internal roles you have a reason to look and you're already half way in
Screw all this internal roles, wait a year BS. Just look for whatever you want, they'll turn you down if they're worried about your long-term loyalty, but they may not. You have nothing to lose, may as well give it a shot.
I say 1 year/until the end of your contract if looking internally.
I say about 1 week if you are looking externally (assuming you haven't jumped ship early somewhere else already).
DO NOT get the extension and then leave 4 months after signing the FT offer, this will most definitely burn bridges. It will be quite easy to explain the fact that you were only contracted to work there temporarily so it was never the end game for you. This is going to be something that is more and more common from candidates in such a shitty economy, I don't think any recruiter would think twice about a temp leaving before his contract period expired for a better full-time position.
Looking for a new job after 2 months.. put it on resume? (Originally Posted: 09/02/2009)
So i started in IBD at a BB this summer, but as i mentioned in the previous thread i was one of a handful of people that got transferred to back/middle office roles. I cannot stand doing what i'm doing any longer, and im looking at applying for other opportunities at other banks (i can't apply for an internal transfer because you have to have been at the firm for at least 12 months).
But i am worried that it will look terrible on my resume if they see that I've looking to jump ship only after 2 months. How can I spin this to prevent other banks dinging me automatically? should i explain the circumstance on the cover letter, even though it will not get read (most likely?). should i leave my recent position out of the resume?
Tough question. If you leave it off, then people will assume you couldn't find a job throughout senior year + the time since you graduated. I think you should leave it on and reach out to headhunters, alumni etc to explain your situation. When you apply through websites (Doostang etc), its going to look bad because most people probably won't read your cover letter, but there's a chance some people will get back to you.
But I think its important to mention that you were selected by a BB and went through a IB training program on your resume.
PM me for more advice if you want/need it.
I agree with aviator. It will look bad to hr dipshits who get your resume online. But people who count will understand the situation.
I agree. Good luck.
Regards
Applying to other jobs too soon? (Originally Posted: 09/14/2010)
I'm currently in Charlotte right now working for one of the two BBs in a Middle Office and Operations Rotational Program. The way it works is you do one rotation in back and one in middle for a year each and then get placed somewhere permanently after 2 years.
The program recruits from mostly average schools with the exception of Duke and NYU and there are a few people who are in the program from these schools.
Now I was an intern last year in the program and received a full-time offer at the end. Simultaneously, I also did some intense networking and landed up getting a first round FO interview in Cap Mrkts. I passed that and was called in to the final but did not end up getting a full-time for FO. As part of the agreement I had with the recruiter, I would do the Middle Office/Operations program if the FO didn't work out since I had to accept by Sept. 14th(pretty much beginning of cycle) for MO/Operations program. I currently have a back office rotation with minimal work. It's mainly trade processing and I don't believe I will have acquired any transferable skills to any other job.
I am from a really good engineering school with an average GPA. I am seriously considering applying to some MMs around Charlotte for this upcoming recruiting cycle. I've looked at a couple that seem decent in terms of size and deal flow.
Given that I started in July of this year, is this a good idea? Will the MMs frown upon this and not even give me interviews? My logical reasoning tells me to grind it out for a year but this job just doesn't test my skills and I feel like I would have wasted a year of my life. I have an Engineering degree with minors in accounting and finance and I have yet to use any of that.
Any advice is welcome. Sorry for the long post but I wanted to be as detailed as is reasonble.
Thanks
DJR
Also, I'm taking the CFA Level I in December...
I say go for it. You have to remember at the end of the day, your current company would fire you just as quickly if the economy went south. You don't owe them anything, and they don't owe you anything.
If you have a better offer or there's a better position that you have a shot at, take it, and don't look back. The only thing to consider is that you may burn a few bridges at your current company if you jump ship this early, but whatever. After you have a couple more years of experience, it won't matter in the long run.
I'm curious to hear what people say about this as well
I say stay on friendly terms with the BB, but stick it out for one full year. You owe them at least that. They typically do too.
Back in 2007 and 2008, a number of MBBs furloughed their analysts, but most typically waited one year. Others felt that they had made at least a one year commitment and gave them a one year severance.
There's not a lot of loyalty in the employee-bank relationship these days, but there's typically a level of professionalism in the interest of long-term reputations on both sides, and I think the minimum from an employee is one year- ideally 18 months.
You want to stick it out for a year to not look like a flake. Leave only if you really, really hate the job and can't stand coming in to work. Otherwise, wait at least 6 months and then start tapping into your network.
Seems like there's a couple of conflicting viewpoints here.
The point I'm trying to stress is how would it look from the perspective of the companies employing me? The work I'm doing right now can be done by half a person and that includes 2 side projects I'm working on besides the day to day processing. I feel like the company should have given me a good rotation since I interned there. Some other rotations require 60+ hours of work.
It's a great place to work in terms of benefits and pay but I don't know if all that matters to me right now.
There's no doubt that your current employer will be sad to see you go so soon (possibly even mad). I agree with the above posters, but you need to do what's right for you, and at the end of the day, if you aren't happy at your current employer, then it's time to move on.
You can do it delicately, and tell them that you didn't plan to move on, but a position came up that's in line with your long term career goals, the pay is better, you'll have better exposure to an industry that interests you..yada yada yada.
Do you.
My Dad had an old saying:
"There's a reason they call it work. 1% of the population really enjoys what they do and another 10% can put up with it pretty easily. Consider yourself blessed if you fall into one of those two categories."
Yes, I can imagine it's probably very frustrating and dull. If you don't hate it, though, stick it out for a year and collect your bonus.
One last thing...if in another interview you're asked why you left your current company after X months, just be honest and tell them that you wanted something more challenging, you saw a better opportunity and took it. At the end of the day, I don't think it comes down to loyalty. It's about what YOU want to do as a career, and it sounds like your current employer isn't giving you enough work or enough of a challenge.
You do not owe an employer anything anymore. The understood employee-employer relationship was terminated during this recession. It is clear most employers have no interest it keeping employees for a year, as seen by the voiding of contracts. Though the above posters are right in saying you will be asked why you are leaving. The apparent answer, stated above, is you are not being challenged and you wish to do bigger and better things. The firm you work at would let you go tomorrow if it benefited them, so you should do what is in your own best interest.
employers will view it negatively but who cares you have nothing to lose
Yeah, you have nothing to lose by applying for the better jobs--just don't do the same thing at those companies. From experience, it's doubtful you'll get anything by going for the senior-year, entry-level analyst job being recruited for right now. I tried doing the same thing the first year out of school and I didn't even get an interview, and the economy in 2007 was still much better than today and I had already passed L1 of the CFA exam. They are pretty serious when they say, "2011 graduates ONLY" (in my case, "2008 graduates ONLY").
Thanks for all the advice guys. I have decided to take a shot and apply with what I have. Since the firms I'm looking at will be MM and Boutique in nature, I should not come across the "2011 Graduates Only" problem as much (atleast I hope not).
Another question: Should I put my current work experience on there? Besides the day-to-day processing, the projects I have been given to spear head will add value to the back office in the future. The downside is firms might look at my resume and say "he has a job already, lets move on to someone who doesn't have one." I maybe wrong on this. Feel free to correct me.
Thanks DJR
I normally would say an objective statement is a total waste, but in your case I would put on your current work experience as well as a headline objective statement which should indicate your objective of obtaining a front office analyst role, blah blah, etc. In my 3 years since graduating, I've had several jobs in IB/CRE (basically, I've moved around a lot for better comp and career survival) and applied for ANOTHER job recently way out of my local market (into a much smaller market: Washington, D.C. ----> Kansas City) and headlined it with a relevant objective also indicating that I was wanting to move back to Kansas City to be closer to my family. I was called back in less than 12 hours because it perfectly explained why I was looking to leave my current firm and answered away questions about being a job hopper. I think doing the same is your best bet.
Are you going to the Career Fair at UNCG? Or is this one at Elon? I go to High Point University and am looking at career fairs in the area on top of participating in on-campus interviews.
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