Fired after a month…
I started at Valuation/Consulting shop a month ago as a CRE Research Analyst and now they're letting me go due to lack of cash flow in their firm or something? They said they are terminating the position all together. My boss said he would write me a recommendation also. What do I do now? It took me so long to get this job and I feel devastated. Could I even put one month as experience? I feel so bad I updated my linkedin the other day and felt so proud having a full time job out of college. Now I feel I'm back to step 1 and being lost. Any advice or tips?
Did you get a severance? If they fucked up on their budgeting they should be giving you a severance. It is pretty sketchy that a month later they realized they don't have the budget for your position.
Yeah they are giving a severance. They said they are just terminating the position all together.
Well at least they are giving you a severance. But something still stinks about this whole thing. It wouldn't shock me if a high level pissing contest is the reason for this.
What's your living situation? Are you responsible for a lease or are you able to stay somewhere for now? If you are on your own and have bills to pay then step 1 would be find anything to pay the bills. Step 2 would be to get grinding on networking. Get on LinkedIn, Handshake, or your college's career site and start reaching out to anyone and everyone you may have a connection with or could build a connection with. Having a full-time job out of college is a huge achievement, but since you got screwed over, post-graduate internships could still be an option for you. Posting your resume into a company's career portal would essentially be like throwing your application down a black hole, so networking and connections are essential here. I got my job because a pledge's dad in my fraternity knew a guy, who knew a guy, who knew a guy. Don't waste time sitting around, I would be trying to reach out to at least 20+ people a day if possible trying to set up calls and gaging for potential opportunities. Good luck king
Luckily the job was work from home and I was staying with my parents. Do you know where I can find these post-grad internships? Lot of places kept saying recent grads only and are looking at class of 2022. I graduated January 2021
You're going to have to go Regional Boutique. Try to find a database of firms in your area in the industry you're interested in. Then find their websites, go to the Our Team section or whatever and find the people on LinkedIn or email them explaining your interest in their firm and if there are any opportunities for a junior position or an internship. If you live in a middle-of-nowhere town this might be more difficult, but if you'd be surprised how many small firms there are that would love to have a junior person help with the leg-work. Then just build up your resume from there and try to lateral after a while.
I’d suggest holding off on updating your linkedin profile proclaiming your unemployment status. You can probably massage this for a couple months while you apply to new jobs. You have a great reason for the “reason for leaving” tab so that should check out. And in interviews, just explain the situation and highlight that you have your old boss’ backing.
As far as the resume is concerned, I’d still put in on there. Some experience is better than none. I’d also suggest networking hard these next couple months as you’ll be able to explain your story better than your resume will. I’m sorry to hear this happened man. Best of luck
I am not in the RE industry but you will be okay. This has happened to many others and they all survive. I think you will be pleasantly surprised at the sympathy people will have for your situation. No need to really update anything, but still worth mentioning to potential new jobs that you were offered and worked for a month, along with a solid letter of rec from your manager. The Letter of rec here is everything. Best of luck!
Sorry this happened to you. It sucks.
If you have relationships at your current firm and good standing, ask for referrals and intros. Much more weight than a recommendation
Call up all the competitors to this firm immediately, explain the situation, their loss can be another's gain!
Remove the company name from here! I understand you are sad but things will be ok if you want it badly. Market is hot and company’s are looking for talent right now.
If you have a friend with costar at work, ask them to pull a list of groups that have bought or sold in your market in 2021. Start blasting out emails to congratulate them and ask to meet for coffee. Pay for LinkedIn and start emailing people you respect to grab coffee. In addition, read your local business journal and bisnow, you will know who just got hired or is doing deals, also email those people. Cbre, jll, berkadia all have evp, md, SVP, etc on their webpage, ping guys or girls you would want to work with for a coffee chat!
Sadly, many firms don’t post jobs and you need to network your way to find the right firm.
Avoid the shit brokerage firms or real estate syndicators! Go corporate or find firms with strong track record with semi institutional or institutional client base.
It will all work out especially if it wasn’t your fault.
Just curious. What do you mean by real estate syndicators
Raising $25 to 200k per person for a $5M to 40M deal across 50 plus investors or a crowd street type platform, Grant Cardone, etc.
Leadership, track record, access to capital and deal flow are critical! Joining some f**ktards that don’t have relationships to execute or depend on 5 percent rent growth and forever compressing cap rates isn’t where you want to be!!!
Why remove the company name? They made a huge mistake in hiring someone just to fire them. I think it’s fair to let people know.
If I am moving cities for a job, I would wanted to know if my company is the type to hire / fire after a month
That’s a garbage reason but it was work from home and I’ve been there. I took a job a few years ago that something similar happened to me. I would say even when you have a job you should dedicate at a minimum an hour a week towards searching for a job.
going forward you need to network into a new role. Or have you considered grad school?
Quia nihil nulla repellendus consequatur accusamus temporibus possimus dicta. Recusandae velit perspiciatis explicabo.
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...