HF Analyst - looking for 3 years and can’t find a new jobSubscribe
Hi all, long time lurker first time poster. I’m a credit analyst at a large-ish ($6bn) HF in NYC. Been there for 5 years after 2 years BB IB. Covering stressed and distressed stuff mainly. Opportunity set has been thin, AuM has been declining, pay stagnant and zero growth opportunities. Same old story.
I’ve been seriously looking hard for 3 years now to find another job, and have literally received 0 offers. Have had maybe 2 dozen first rounds, a dozen second/third rounds, 2 case studies and 0 offers. At first, I didn’t have tight enough trade ideas, but I’ve fixed that, having spent hours finessing 3 or 4 current trade ideas that are fully written up and good to go for any interviews. I feel like I can tell they’re good from the feedback I get in the interviews (often the PMs say they’d want to put them on). Having been through so many processes, I generally have good answers to all the obvious stuff, though of course get thrown new stuff every time.
However, I can never quite seem to seal the deal. The feedback varies from you’re too rel Val to you’re not rel val enough to we really want someone with private debt experience to we think you’d get bored here to the most frequent response of all, ghosting from the firm (and sometimes the headhunter too). Quite honestly, I get the sense that there’s something intangible I’m getting wrong - or that the demand is so slack that employers can be super picky and arbitrary (maybe I’m too old, >30).
I don’t expect anyone to divine what I could be doing wrong from the above - but I would be interested in hearing other people’s experiences in looking for mid to senior credit analyst roles. Are other people out there struggling to get offers? If you recently found a new job, how long had you been looking? Any tips on how to improve your game? Any thoughts or experiences would be much appreciated!