Unemployed graduate from a target
I graduated in 2013 with a 2:1 grade from a target university in the UK. I have been trying to get something in IBD but also applied to other areas (startups, consulting and so on). I am unemployed because after my previous internship the team wasn't hiring and I didn't apply for a Masters course.
What I am doing at the moment:
Networking - typically targeted to my university alumni, teams/groups I'm interested in and so on.
Applying online - not just in the UK but globally.
University careers service - they have stopped helping as they only help for up to 6 months post-graduation. This is why I'm posting here now.
Recruitment agencies/websites like efinancialcareers - I apply to everything even remotely linked to my CV on efinancialcareers/other ad hoc vacancies.
Additional courses - I studied BIWS and am studying for the GMAT.
Does anyone have additional ideas on things I can do to get employed? I've been doing the above for months now so just wanted a fresh pair of eyes on whether I'm missing something out.
That sounds rough. What field were you interning in?
F500 firm. I spoke to HR, and they said I received good reviews so if something comes up they will let me know, but in the meantime I thought I would look elsewhere just incase.
Close to same situation as you. Not much else you can really do other than be patient, its all about hitting up the right place at the right time.
You could drop another 25K pounds to do a masters but think about time cost and the money spent.
Just keep up the networking, for me it has been helpful meeting my alum (contacting only VP or higher) and getting other referrals to speak to and getting my name out there.
Not keen on a Masters tbh - rather spend the time networking haha. Some tips on what you do with your 'successful' contacts (esp VP+) would be useful so I can see if I'm doing something wrong :) You can PM me if you prefer?
Sent you a PM, not sure if it helps
Does anyone have any additional advice please?
I'm in a similar position, currently unemployed and applying to everything I can find. I graduated from a US ivy this past May 2013 with a degree in physics and a minor in math. Here's what I have been doing:
Networking my ass off. I call or email alumni or anyone I am remotely connected with that is working in the areas I'm interested in to ask for career advice. I try to get two more names to speak to from each connection I make.
I've signed up for the CFA program. The advice I've been given has strongly suggested the CFA program over graduate studies as a way to demonstrate a lot of interest and motivation while working towards a well regarded accreditation. Also, it's significantly cheaper than another year or two of uni studies.
I've been working online applications through my uni's career website and anything I can find. Sometimes facebook and linkedin have given me a few decent options. My uni's career services are terrible, although I'm still trying to work with them to find more opportunities.
Recruiting agencies and boutique banks are what I'm really focusing on right now.
Beginning with CFA Level 1 and continuing the subsequent levels at my discretion. I've gotten advice from numerous friends in IB or buy side shops, several MDs I have connections to at different hedge funds (currently only hiring MBAs / 3-5+ year experienced), and analysts at those funds. A majority have strongly recommended the CFA program to me over a return to business school and other education prospects. Since I have a science background it's a way to demonstrate a real passion for finance while developing financial knowledge with a well recognized brand associated.
I'm pretty sure it is helping as my response rate to applications has increased after I could include CFA Institute, 2014 Level I CFA Candidate to my resume.
Cool. Are you in the USA out of interest? I'm in the UK, studied finance (and other stuff) in my undergrad degree, and am told to avoid the CFA because I'll appear 'too finance' orientated. That kind of threw me off but I agree its better then a Masters etc.
I've been networking (UK) and they said because I've graduated it hard for them to pull strings for me (and because recruiting is over now). I've also heard back from the F500 firm and they confirmed they are not hiring anyone. So another year will go to waste if I do not get a shot/come up with a new plan but I'm out of ideas. Does anyone have advice on what I can do please?
Cool cool - any updates?
Does anyone have any more advice? Been for almost over a year now and been constantly applying - cant even land a single first round interview. Not sure what to do as I'm heading into my second year of unemployment in a few months. Time to start looking at places like McDonalds or other waiter jobs?
apply to big 4.
Can someone please offer some advice? I've been applying for internships (mainly off cycle) and all sorts of roles and networking a lot - nothing is yielding results. When I ask for help/advice no one has any idea why I'm not getting through. Whats my best strategy to improve this situation?
If there is nothing left, try to find a MO/BO position and work your way up from there.
Hi guys I was in the same situation.
Graduated in target UK with 2.1 in 2013, unemployed for the year. Had a previous summer internship during undergrads.
What I did was that I applied for 2014 master programme, and applied for summer S&T internship for investment banks (around 7-8 applications), had 3 final rounds, and landed 1 offer.
It is crucial to occupy yourself during your "gap year", I was asked at least 4 times by different interviewers what had I done since graduation, so find something to do, or go travel, or learn a new language or something.
By now most recruitment cycles are already over, I'd strongly advice looking into Big 4 accountancy firm, and that was my backup plan if I didn't land on anything, big 4 recruitment process is open all year long, and you can make 2 application each year (once per 6 months). Don't overlook these opportunities, apply and get at least a backup offer, and infact there are some roles in Big4 that are pretty interesting.
Good luck
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