Laid off from S&T role, looking for exit opps

Hello,

Need some career advice from more experienced hands. I was laid off from a S&T role couple of weeks ago and am still figuring out what to do. Couple of other people were also let go with me and I cant really explain why I got let go (Stopped thinking about it to be frank)

I worked hard from a mid office position to work my way into the FO (non traditional path). Seen people do this but atleast they have stayed longer than me. Anyways these are my options as I think fit,

  1. been meeting people from other banks and actual openings are really few. Just aiming to make an impact to see if they could carve out something for me.
  2. thinking of moving from s&t to a middle office role like - risk mgmt, platform development etc. Not really glamorous in terms of profile or pay but could it be safer?

I am not in my 20s where I can afford to risk another day like this in my career. We were thinking of settling down and start a family before I got let go so that is also weighing my judgement. I like working in the industry and be part of it but realize the S&T roles are really difficult to sustain yourself in and there is good chance to get laid off again in the future. Everyone of course tries to avoid this, work hard, generate p/l etc but sometimes it feels that there are bigger events that might affect your future.

 

Et molestiae omnis a deleniti quod ex distinctio. Quis quis vitae sint repellendus nulla ea. Hic nihil nemo quo sequi quis beatae mollitia.

Sit sed harum ut molestias. Nostrum temporibus iste ut cum. Quas facere et voluptate.

Totam atque voluptas est veniam consequatur. Atque soluta molestiae molestiae reiciendis consectetur non reprehenderit. Impedit aut eum hic neque.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
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...”