In the past I had to fall back on my small family business and work essentially unpaid. Is it possible for a company to verify my salary there if I “invent” a number when I apply, to make it look like the job wasn't just a way to prevent a resume gap? If HR tries to verify, could I use the excuse that my Dad paid me out of his pocket so there’s no tax forms or records or whatever? SBs for thoughtful help, thanks so much.
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I wouldn't suggest it. There's no need for this to come and bit you in the butt. Be frank with them, tell them the truth. That's what I would do.
Let's rephrase.
In the past I had to fall back on my small family business and work essentially unpaid. Can I lie about making a salary?
.
If someone really wanted to verify what would you do if they ask for bank statements or tax records?
.
I like the suggestion, and thank you, but I was there almost TEN months (during the crisis). Wouldn't they call B.S.? Plus, my internships before then clearly convey a desire to do high finance...why would I work 10 months UNPAID in a "regular" small business except to avoid unemployment?
What if I just put $9/hour down? And/or could I say I had to help my family business as revenues/profits were being crushed (which they absolutely were)?
Hee hee ..my first monkey shit..guess that's what happens when you tell the truth.
Nah, monkey shit happens when you waste space in my thread. I'm not looking for you to repeat or summarize my own thoughts, that's what the OP is for. Rather, I'm looking for thoughtful input from users unlike yourself.
fine...jeez..I took up 1KB of space of 200000 terabytes
Why can't you just say you helped out the family business and went unpaid because it was struggling so much? Makes sense not to take a salary if your dad's pockets were hurting...
This is just stupid on so many levels.
1 - it's unnecessary 2 - they have no way of really verifying your salary 3- You're going to admit to TAX FRAUD because you think it might look bad that you weren't paid by the family business for 10 months.
This is similar to saying: No Officer, I couldn't have been an accessory to that petty theft. At that time I was cracked out and murdering my prostitute on the other side of town.
I wouldn't do it. If for the simply reason it's an outright light...not even just a little boost or something, which many would find acceptable.
I see where you are coming from, but couldn't someone look at your resume and say, why would you do IB/PE/PWM internships and then go do something totally different (family business) and then leave after 10 months? I think some people might look at that track record as indecisive and question your commitment to finance in general and then your commitment to a firm that you have no loyalty to (i.e. isn't owned by your family members).
I'm just trying to offer a different perspective here. I mean, I spent nearly a year unemployed (I worked odd jobs here and there, but nothing worth putting on a resume) and I've told people that in interviews...and it is hard, because you do feel a bit worthless...but ultimately people are like, wow, you graduated in '09, that was a tough year to finish school...and they write it off as bad circumstance, so it doesn't necessarily convey the sense of unemployability...which is probably the point you are trying to make with the 'salary adjustment'.
The bottom line is different people are going to look at a situation from different perspectives. I think being able to commit and complete a promise is probably the number 1 attribute for a successful analyst. We all know that you don't have to be a genius to do the work, you just have to be willing to do what it takes to get the job done...when I look at a resume that shows that you made a sacrifice just to learn/grow and stay relevant/occupied (especially in a shitty economy), I see someone who is likely to do well in IB. But again, just my perspective.
Regards
If you were laid off as part of massive layoffs, that's not a reflection on your capability, especially when you've just started out. Don't lie, not worth it. Say you were laid off and then worked for the family business because they were hurting and that's what made the most sense to do given you were unemployed. And since it's your family's business, you weren't paid. No big deal...
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