advice on situation (kind of lost)

Hey guys,

Just wanted your honest opinion/input on my situation...

currently I have 1 1/2 years experience at a pretty well know bank (not BB)
but my job has been BO type of role...no real chance for additional responsibilities,
leadership, growth etc...feeling kind of frustrated...plus the money is not enough to
support my living cost plus student loans in the northeast...

thinking about moving back home (international) to start studying for various things
like gmat, CFA, etc that would help me get a FO/MO investment type of role...(analyst, associate etc)
probably go get a 1 yr masters and "try again" with the whole recruiting process in general...

I'm worried that I would have a gap in my resume and employers would question that fact...but the
bottom line is financially, I can't survive here without a decent paying job...and I'm not even looking
for great pay either...just enough to support myself

do you think moving back home and "trying again" after 1 yr is a good idea? anything besides studying
(ie community service/volunteer/part time jobs unrealated to finance etc) that I could do to help employers know that moving back was due to financial situation as opposed to
"quitting" and leaving...

any advice/input/suggestions are greatly appreciated...thanks

 
Best Response

I'm a student, but from my experience interviewers don't look/pay attention to dates on a resume and only focus the experience listed. I have had several instances where they ask me when I did something or what I did last Summer and its clearly marked on my resume in chronological order.

That said. You should keep working in your job, take up some good extracurricular activities and start studying for the GMAT. I would focus on gettting an MBA from a top school and trying to break into FO from there. I'm not sure where you are from, but your Master's at a foreign school will not have the same weight as a Master's from a US school (unless it's a top international school of course).

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Well, it doesn't look like you have much of a choice. You could stay here and pass CFA level I and II I guess, but that would take you a year +. Moving back home probably won't be so much of an issue if you have something to fill the gap partially, like volunteer work. How are you going to cope up with the additional loans from a Master's though ? Plus, if you move back home for a year and then Master's for another year, that's two years right there, you have to weigh the opportunity costs of that.

 

@SAC

Thanks for your input... I'm a US citizen (asian desent) so the visa issue won't be a problem... if you don't mind...how did your friend's situation end up working out??

@jhoratio

after college (US school) I decided to try my luck here to see if I could find a job start a career etc...

didn't move to the US for a BO job...nobody would.. it's like telling a non target kid "why did you go to college when you knew you weren't going to get into a BB"... everyone trys their luck to break in one way or the other...some ppl just don't have a clear cut IB - MBA - PE - $$$ route.

 

bean,

He's at Baruch, probably not the best school but he has a paid part-time job working for an Angel investor, and also CFA Level II, so he shouldn't have a problem finding employment once he graduates.

You could try something similar, if you think a Master's suits you better, that's ok, but the internship opportunities from an MBA are important in my opinion. You might want to finish up two years in your current position though, might look better on the resume.

Does your current job not even cover your living expenses ?

 

Et dolores enim qui. Et et voluptatem sapiente itaque harum debitis. Nemo officiis omnis eligendi debitis asperiores sunt odio.

Accusantium error ea ut sint aut. Est optio aut libero. Aut veniam distinctio eos eius nostrum. Eos eveniet quae ipsam voluptate adipisci voluptatem ea.

Deleniti excepturi quo id iste magni porro fugit. Voluptatem consectetur minima excepturi officia iusto. Omnis consectetur quia possimus distinctio.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”