What to do? Stuck in my Job

WhiteKnightDD's picture
Rank: Baboon | 152

Hey Guys,

I'm in a jam and in need of serious help/mentor-ship

It seems my career in Finance has come to and end. This all began when my offer to Lazard got rescinded in 2009-2010 during the financial crisis. After I lost that gig, I didn't have any internships to take on and no experience so I took an Internship at UBS for wealth management as it would be better than nothing. I graduated at 24 from a NON-Target in NYC. Shortly after I spent the next year interviewing and networking to no avail and always getting "it came down to you and someone else" eventually I got fed up and gave up. I took a back office gig at a BB and here we are 5 years later. I'm pigeon holed and my career is slowing coming to an end. There is no growth or opportunities and the job is for entry -level college kids, think performance and calculation related type of work. One would think you can leverage that into any job, but no one wants someone without relevant experience. A few years back I had a chance to move banks and into FX, but passed on that. I've been applying non-stop but unable to get call-backs or interviews for stuff I really want. The application is literally going into a black-hole. I've had calls with HR that went well, but once the recruiting team saw my resume- they probably threw it in the trash. My current job is easy and I can do it with my eyes closed, but I do not see myself doing it for the next X years. My worst fear is to become a lifer there...

Ideally I would like to do something in credit/fixed income and down to financial analysis and modeling type of work. I know I can do the job, but I can't even get an opportunity to present myself.

At this point what are my options, I've had past coworkers go into Law, Tax or B-School and able to land a front office GiG. I'm 30 now and I might be considered "too old" for this type of work now. My fear stems that if i go to B-school and drop 150k it still wont open doors and that will be for nothing. I know I would need to do full time which would mean I would need to quit my job as that opens the door to recruiting . At this point I'm lost and thinking if I should just move down south and just aim for a corporate gig or is an MBA the answer. I can keep applying for jobs but there is no guarantee on anything..Do I keep networking?

What would you do if you were in my shoes and what are my realistic options, the clock is ticking and I'm getting older, this career is getting stale. I've already been there too long and this looks very bad!

Thank You

Comments (6)

Feb 2, 2019

Hey WhiteKnightDD, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:

  • Stuck in the cycle a continuous cycle and I'm not sure how to change it. My background is not typical in the sense that ... my start was a fluke was what I was more interested in then banking itself. The problem is my bank is ... I've thought them all at some point about other posts. In short, I feel like I'm stuck in ...
  • Need advice- stuck in a rut rather than getting an internship. I am stuck in a limbo because I am told that I am too old to apply for ... an internship yet do not have enough work place experience to apply for a job position. ... I have not been able to get hired. It is really tough. I am not sure what to do at this point. I would ...
  • Stuck in Corporate Banking- Fighting Complacency my all-in. Would appreciate any advice you guys have as now is not a good place to be stuck and any ... in my current role in which I have been for the last 18 months. My job primarily entails underwriting ... give that job up and move back home to help care for a sick family member. Took the other jo
  • Would it have mattered if Trump stuck to his words? many of the younger folks on WSO to consider when we take into account our future capacity in being ... able to purchase land and property.........uh, that's the only one I can think of at the top of my ... good and well (if we were to entertain the thought...) if Trump did bring back manufacturing jobs, but ...
  • What majors/minors could I combine with finance to increase my chances at getting a job in finance targets. Is this true? If so, what majors/minors should I combine with finance to increase my chances at ... getting a good/decent job in corporate finance (corporate career)? I don't really want to work on ... I wanted to major in finance. after browsing reddit(financial career subreddit) and WSO I saw discussions ...
  • Stuck in Back Office Operations, Help!! crazy and leverage that into a better position (some other firm). 3. I quite my job and try to find ... something more in line with what I want because working here will have a detrimental effect on my career. ... Hey guys, I'm looking to hear what are some of the exist opportunities within the ...
  • Becoming stuck or 'type casted' in a certain industry Hello all. So I'm a CPA looking to expand my career into FP&A. (I currently have a role ... industry. If I were to accept this job to get experience and to stay there a few years, would I effectively ... brand myself as financial services FP&A only? Or can someone in FP&A move from one industry to ...
  • Adjusting to Adulthood: Success Anxiety, Jealousy of Sucessful Classmates, and feeling stuck. enough to land my first real "finance job" as a commercial credit analyst in the commercial ... I know my ass will get chewed out in here, and I will be told to stop my bitching, put my big boy ... pants, and act like a man. However, writing in here offers me some catharsis and allows my inner me
  • More suggestions...

Hope that helps.

Feb 20, 2019

First off, I hope someone in the community comes in with relevant advice for you as I may not be the best person, but I do have some thoughts for you:

  1. You haven't pursued any additional education since you've been on your path. I couldn't advise you on what to pursue, ie: MBA or MS, but you can't gain without taking any risks. So if an MBA is the typical education for people who have the job you want, then you'll need to take a risk eventually. Plus, you'll get to network and maybe do an internship and add something new to your resume.
  2. Find people in the roles you want (check LinkedIn and job postings) and look at their backgrounds and education.
  3. Try to network with those people (maybe lucky enough to find previous alumni) and buy them a coffee or jump on a call. The goal would be to get advice from them and the insider's scoop on what you can do.

I'm a bit in a similar situation and age than you. I spent 7 years with good experience but have no grad degree to boast and worked at small no-name shops.

It's tough but don't give up. We're not old enough just yet!

    • 1
Mar 2, 2019
ca_zeus:

First off, I hope someone in the community comes in with relevant advice for you as I may not be the best person, but I do have some thoughts for you:

  1. You haven't pursued any additional education since you've been on your path. I couldn't advise you on what to pursue, ie: MBA or MS, but you can't gain without taking any risks. So if an MBA is the typical education for people who have the job you want, then you'll need to take a risk eventually. Plus, you'll get to network and maybe do an internship and add something new to your resume.
  2. Find people in the roles you want (check LinkedIn and job postings) and look at their backgrounds and education.
  3. Try to network with those people (maybe lucky enough to find previous alumni) and buy them a coffee or jump on a call. The goal would be to get advice from them and the insider's scoop on what you can do.

I'm a bit in a similar situation and age than you. I spent 7 years with good experience but have no grad degree to boast and worked at small no-name shops.

It's tough but don't give up. We're not old enough just yet!

Thank you for the kind words.

Updates.

I have middle office BB int next week think PL and closer to trading desk.

Also my colleague got some IBD interviews with no MBA

Maybe MBA isn't the path after all!

Feb 21, 2019

If you get into a T15 MBA (which I think you would with good stats) you'll probably get banking - up to you to decide if the $150K is worth coming out earning $200K plus

    • 1
Mar 2, 2019

My buddy just took a break from his MBA at NYU- he said he saw no added value and his peers were dull...and I was motivated by him.. :/

28k a semester is pricey!

Mar 8, 2019
Comment
    • 1