Quit indefinitely or wait it out?
Current role is unfulfilling with no growth and an all around depressing environment for myself that I'm willing to quit with nothing lined up. I've got resources to support, should I be without a job (family and savings). However, I'm wondering if there is value in continuing in my current role until I lock in the next offer. Better to have a job while looking than none. My current role is sell-side debt and doesn't offer direct transaction experience.
Before the end of last week, I finished interviewing with a GP but I think I'm an alternate candidate since they only said they'd get back to me "soon." There's not been any update on anything this far which is leading me to think they're waiting on candidate one to accept or not.
Additionally, I am at the final round on the LP side, no offer yet but "almost." I never really liked this role from the beginning due to work culture, the analyst turnover I've found and the disorganized interview process. It's in an advisory role for an asset manager, and is less in line with what I want to do. I'm thinking I could take it and then hop out of it after a year?
I want to work in acquisitions and/or development.
First choice is with the GP, best all around in terms of the role. The LP role, I don't really like but feel its a step up from what I'm currently doing.
Thoughts? Questions?
The best time to be looking for a job is while you still have one.
That being said, keep digging and applying and I'm sure you'll find the right opportunity eventually.
Okay, I'll definitely scrap plan B in just quitting with nothing, but is it best to keep looking or settle on the LP role if that's the case?
I've been in my current role for over 2 years now.
I've read a lot that employers prefer to hire employed candidates rather than unemployed. I would think: what else would you do with you time if you weren't working? And does your current role hinder your advancement more than being unemployed would?
Nobody else needs to comment. THE ABOVE ARE THE CORRECT AND ONLY ANSWERS.
The above are correct but I want to touch one one thing that hasn't been covered in the responses so far - don't just take another job to take another job. You are already in a situation that you hate. Don't take another role that you may end up hating in another 6-12 months. Look at it this way, you're getting paid right now to look for another job. You aren't looking to get promoted, so all you need to do is the bare minimum to not get fired. If you approach it this way as a positive, this will improve your outlook. You can roll into work a bit later, leave a bit earlier, and not bust your ass while you are searching. Just don't get fired.
During this time, line up as many interviews as you can with jobs you actually WANT (you mention acquisitions so do that.
You're in a pretty good position even though it might not look that way, keep your chin up.
^ this
You have a job, and a paycheck. I'm in a similar situation, so I know how you feel. My day-to-day feels like Bill Murray in 'Ground Hogs Day'....that damned Punxsutawney greets me at the door every morning. But, common sense kicks in when I realize I'm still able to pay my bills, have the benefits, and can continue to look while employed.
Even if the next role isn't the slam dunk career job, there is nothing wrong with having a stepping stone. Ask yourself: "will this role at least get me closer to my ultimate goal?" if it's something you are on the fence on.
Hate my job right and now and actively searching. Never contemplated quitting. Would never.
This however is probably the best way to look at a shitty job. I pretty much implemented this mindset at my current job. I go in and do what I am suppose to and not piss anyone off.
Keep your job! I'm in a crappy appraisal job, paying well below market, and I'm waiting til something better comes along.
Stick it out.
Just do the minimum you need to do to get by. It's much easier to find a job when you already have one. You won't need to explain any resume gaps when you go to interviews. You won't feel under financial pressure to take the first thing that walks by. That confidence will translate into an easier job search and and better results.
You're getting paid to look for a new job. That's not a bad gig.
And if you do get fired in this time, at least you can collect unemployment.
I'm in a similar situation. It's challenging when you have to balance a 60-70 hour work week to build technical skills required for another job, while also networking with professionals.
Magnam beatae cum repellat blanditiis similique laborum rem fugit. Facere qui in voluptatem quos neque eius. Quos earum et dignissimos. Consequuntur et ad voluptatem harum quo perferendis. Sunt reiciendis est porro hic. Ut consequatur corporis quas dolor facere dolor omnis. Inventore quod consequatur voluptate qui quaerat eaque quos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...