How long have you guys been unemployed?

"Also getting the interviews, and passing the first round has been easy… It’s the 2nd/3rd round I have been finding issues with. For example I easily passed the 1st two rounds at a major bank. Then the 3rd round was with a former PhD who used to worked with the Federal Reserve who was doing the hiring and was looking for someone with a different background… " I think by the time you get into the 2nd/3rd/later rounds of an interview, it’s not a question of skills or ability but more of a personality thing. I don’t see why someone would take the time to interview you several times and then ding you because they’re “…looking for someone with a different background…” What do you think?

I think you are correct, but it’s also true that hiring processes have an awful lot of randomness in there. The job description can change informally as people interview the candidate pool and imagine different uses for different skill sets.

Steely Dan Wrote: ------------------------------------------------------- > "Also getting the interviews, and passing the > first round has been easy… It’s the 2nd/3rd round > I have been finding issues with. For example I > easily passed the 1st two rounds at a major bank. > Then the 3rd round was with a former PhD who used > to worked with the Federal Reserve who was doing > the hiring and was looking for someone with a > different background… " > > I think by the time you get into the 2nd/3rd/later > rounds of an interview, it’s not a question of > skills or ability but more of a personality thing. > I don’t see why someone would take the time to > interview you several times and then ding you > because they’re “…looking for someone with a > different background…” > > What do you think? Sometimes even if they already have an eye on someone in particular, they’ll still bring in the top x for interviews… just in case that guy/gal declines.

To clarify it’s people imagining different uses is the problem. And alot of times HR and the MD have no clue what the hiring mgr wants.

yankees98a Wrote: ------------------------------------------------------- > And alot of times HR and the MD have > no clue what the hiring mgr wants. That is true. There have been times where HR thought I was a perfect fit (probably because the word CFA was on my resume, must have matched the job description they had) only to have the hiring manager tell me off the bat that he is looking for someone with a different background.

I think tomorrow will be my first day of unemployment. I have my follow up meeting today concerning last being told 2 months ago it wa slikely I would be laid off in feb. And since ive done hardly any work in feb (no projects), its a lock!

Nequity, let us know how you get on. By the way, what area are you looking to get into?

According to FrankArabia, you guys are all stupid for not moving to Canada since you could easily lock down a $70K job within a week just by showing up.

Remember when Canada hosted the Olympics without any problems? Yeah, me neither.

CzarHC Wrote: ------------------------------------------------------- > Remember when Canada hosted the Olympics without > any problems? Yeah, me neither. Hahaha

damn- good luck guys

Reminds me of when I came out with my Masters in 2001; post dot com bust - recruiting was curtailed 75% yr/yr according to many MBA career depts - took a job making 52k with Moody’s - that was a kick in the nuts Today - the job mkt is absolutely absymal - I’m 35 and have more or less given up leaving my job (monoline doing structured) - literally do nothing all day at work but no one kicking me out yet; CFA has meant nothing My advice - forget further degrees and certifications which all cost $ and time - think entreprenurial - too many of us on this board think the end goal is a middle mgmt job with a corporate/bank/etc - it should never be that

dmnyc Wrote: ------------------------------------------------------- > (monoline doing structured) These companies still exist?

You guys are freaking me out… did not realize how bad it was out there… I consider most people on this board as highly educated, motivated, driven, aggressive… etc and still seems to be hell these days… I cannot even imagine if I had to look for a new job today. Would probably be unemployed for a very long time.

I’d be tempted to just take a 3 month vacation before starting

SMIRK Wrote: ------------------------------------------------------- > According to FrankArabia, you guys are all stupid > for not moving to Canada since you could easily > lock down a $70K job within a week just by showing > up. firstly, its only “easy” for you guys with some finance experience which i’m reading all of you have. back office experience, not so good. i have the worst working experience of anybody here and for those of you who know my past, they know the experience sucks. but we definitely have tons of people from operations side here as well. the only ibankers that came to our group are all senior levels making over 100k easily.

FrankArabia Wrote: ------------------------------------------------------- > SMIRK Wrote: > -------------------------------------------------- > ----- > > According to FrankArabia, you guys are all > stupid > > for not moving to Canada since you could easily > > lock down a $70K job within a week just by > showing > > up. > > firstly, its only “easy” for you guys with some > finance experience which i’m reading all of you > have. Yeah so everyone get off your lazy @ss and get to Canada ASAP to pick up your easy $70K paycheck.

Yea - it’s called WORKOUT!!!

CPierce Wrote: ------------------------------------------------------- > I’d be tempted to just take a 3 month vacation > before starting a 27 month peace corps trip might not be a bad idea either

dmnyc Wrote: ------------------------------------------------------- > My advice - forget further degrees and > certifications which all cost $ and time - think > entreprenurial - This is going to be the main driver of the recovery of the workforce and economy. The business landscape has changed and there are opportunities out there for those ready to take the risk. People who have talents that exceed what their current companies are paying them will step outside of their position to take on new opportunities. These new opportunities will turn into companies that will take part of the new market share that has emerged after the past financial crisis. I am writing an article about this and will paste on here this week hopefully.