HELP: Career advice - ER London

I need some advice on my current situation. Here's some context/background:

  • Graduated in summer 2017. Completed equity research internship in medium sized UK AM. Secured full time role starting Jan 2018 in UK equity team

  • Due to unforeseen circumstances, I had to be moved to the global team at the start of 2019 (not due to my performance).

  • Their investment style was completely different to what I was used to e.g. they wanted me to write up a thesis + pitch within 48 hours on a company outside of my previous sector (which I thought was dumb af) vs UK team who gave me the freedom to spend a good week or 2 writing up on a company

  • After 6 months of trying to argue my side/meet ridiculous deadlines while studying for CFA, I was let go from the company in July 2019.

It's now 2020... and I've had no real traction getting back into ER either on the buy side or sell side. My issue is I've only had 1.5 years experience therefore can't credibly apply to associate roles and I'm also being rejected from graduate roles based on my age/experience level. I feel very stuck in the middle as very few roles pop up which are looking for experience of 1-2 years. I've had 2 interviews and both haven't worked out despite the interviews going as well as I think they could have ( clearly not well enough). After slogging through 2 CFA exams (and signed up L3 in June), I'm wondering...

  1. Spending 7 months unemployed, at what point do I face the 'writing on the wall' and just say I'm not cut out for this?
  2. Frankly I only want to do ER on buy or sell side. I've thought about moving into different finance functions e.g. consulting/IR but frankly competition is almost as high. Given my ER experience, feels like it would be just as tough to land a role... in something I'm not passionate about.
  3. Has anyone faced a similar situation? What did you do to solve it?

Any advice would be appreciated!

 

Quo dolorum voluptatem nisi repudiandae nisi consectetur. Dolor voluptatem nisi quidem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”