Job Market for Hiring

Have not had any success in lateraling for the past year during the pandemic. Hoped for a better start this year but with this next wave of COVID mutations, are all of your companies pushing back hiring again?

Comments (7)

 
  • Analyst 3+ in RE - Comm
Jan 8, 2021 - 6:17pm

Last year was certainly difficult, but things picked up in the last quarter of the year. My company hired two other people at the start of this year. I'm expecting the job market to pick up with work from home being more settled, covid having a vaccine, and the election to be out of the way. I don't think the mutation is really going to change business too much. 

 
  • Analyst 1 in RE - Comm
Jan 12, 2021 - 1:17pm

Landed an Analyst job at a REPE and started about 2/3 months ago. Companies' interview timelines have seemed to be more drawn out and technical vs. Pre-Covid - from my experience. Just harder to make personal connections via email/phone/video chat vs. coffee/event/lunch = longer process to make sure they get the right fit.

For the job market going into 2021, have faith and hang in there. As cliche as it sounds, landing a job (especially in times like this) is strictly a numbers game. Reach out to as many alumni in the biz as you can, start cold-emailing companies, every job you apply to - reach out to someone at the company to introduce yourself and let them know you applied. Something will break for you. Jobs are out there, get creative in your search and approach.

What has been your approach so far? What jobs are you targeting? Do you have all of the qualifications necessary (if not, go get them or look elsewhere)?

 
Jan 12, 2021 - 1:24pm

For what it's worth, I've seen postings pick up dramatically Q4 2020 and Q1 2021. With the vaccine, the end is in sight for COVID. 

Commercial Real Estate Developer

 
Jan 12, 2021 - 3:19pm

Have seen people getting hired so I'd guess hiring has resumed (maybe accelerating, by judging LinkedIn announcements). To note, lateralling as a 2nd year analyst (profile info you are displaying) can be difficult as you are not "entry level" and maybe a year before legit associate level. Not sure your motivations, but this may be your personal timing. Generally easier after 3+ years to move. 

 
Jan 12, 2021 - 3:43pm

Agreed with redever here. Unless you have to move on, get to that next level first (or only move to a company offering you a title one rung above). I had a friend who made three different lateral moves as an analyst because he thought each was a "better" opportunity, but looking back he regrets making that decision because he's 4-5 years behind everyone his age. In the long-run he'll be fine, but probably cost himself half a million dollars in career earnings at least. 

 

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