Not extended. Fired

Hi , I’m a recent finance graduate with great grades. Got lucky enough to get a contract role at ubs as a fund accountant. Today I found out I’m not getting extended. I’m absolutely gutted. I feel like leaving the office and never come back. Any words of encouragement to get back on the horse and keep going ?

 

Just hang in there, stay employed and keep applying places. Use your current role as a talking point and hopefully you land a new job before you leave. I actually was a contract consultant for a F100 company in the past, and I am so happy things did not work out because I am in a much better role now. Take their advice, ask why you aren't getting extended and learn from it, and never look back. Who knows, you might use this experience to land your dream job, just put a positive spin on it.

 
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Sorry to hear. Note that it is possible that this is not a reflection on you or your level of talent/productivity. We often have to cut CW roles at the end of term regardless of how we feel about the resource due to budget constraints or headcount targets. Even though it may be tough, try to ensure you maintain a friendly demeanor. You never know if the people you are working with may be looking to fill another role in the future.

Best of luck.

 

That sucks and I completely understand how you feel. But the best thing for you to do at this point is to not let those feelings take hold and weigh you down, and search for other jobs. If your grades are as good as you say they are, and with your experience at UBS, you will def land a role somewhere. Just pound the pavement, and you will get there eventually. Good luck man.

Array
 

Think of the life stories of successful people out there, and one of the common themes is that they ended up stumbling into an opportunity that wasn't the one they were seeking.

For example a lot of today's Wall Street tycoons came up in a time when going to Wall Street wasn't considered as baller as going to a corporate like IBM and AT&T. By going to an investment bank (or . . gasp . . this weird sketchy little thing called a "hedge fund") they were doing the less coveted thing at the time. In many cases, this was not even their choice, it was something they had to settle for. They ended up successful despite not hitting their goal, and maybe even because of it.

Again the Wall St vs corporate thing was just one example of my point, it wasnt the main point. The main point was, successful people across all fields rarely achieve success by hitting all the steps on the plan they originally had.

Life throws many positive and negative surprises at everyone, and losing a job is a pretty standard one among those. So by losing a job, you're not on a meaningfully different path than some of the most successful people.

Consider something else too. If I had a room with 100 very successful people (later in their career) and asked if they've ever lost a job, how many do you think would raise their hand? I'd say at least half, but I think we can all agree its a meaningful number.

Now if I have a room with 100 people the same age who aren't successful, and asked them the same question, do you think the number would be that different? I'm confident that it wouldn't. If you disagree, ask others you know. I'll bet anything most people agree the number will be about the same in the successful vs. unsuccessful group.

So, evidence shows that the fact of losing a job doesn't impact one's probability of being successful long term. Your chance of success hasn't changed much at all as a result of losing this job. So rather than seek inspiration through beliefs about failure being part of success and all that stuff, I think you should recognize it as the minor event that doesn't have much long term impact.

 

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