my profile based on my resume is of the typical back office/operations/ acounting guy… but i would like to move into research/trading
salary expectations around 45k
2 months. You’ll be fine.
You need more than 45K for NYC.
You will be employed very quickly.
Shit, at 45k I’d hire you to drive my car and do my errands if I were a wall street type. Youre a CPA? Great fill out my tax return too please.
Who pays $45k in NY?
I bet you get hired today.
$45k!? You’ll bring us all down with such low balling - ask for at least 100k.
Six months. Hopefully I’m wrong but the sell-side just continues to contract and your success in finding a job will depend almost entirely on how creatively you can network.
personally i think i will find something within 3 months… my plan is to study cfa2 full time while sending out resumes and interviewing… ill have a few differnt varieties of my resume depending on the role. but until June, my priority is CFA.
i would like to work in a front office role that utilizes my portuguese language skill… (FX/equities/FI) unfortunately looking at a bunch of career sites… those jobs are not posted. i remember years ago seeing a listing for CitiGroup FX Sales/Trader and portuguese was required… that was one of the reasons that made me go to Brazil to get a unique experience.
Not trying to be a naysayer here and I wish you the best of success, but there’s a reason why people generally say that you should allow six months for a job search. On top of that, the big banks and traditional brokerage firms are going through a major secular contraction. Even though the economy is showing some signs of improvement, there are really way too many people still doing the same stuff in banking, research, execution trading, etc. Personally I would run my search in tandem with my CFA exam prep if I were you, as I’m sure you’re well prepared for the role you want and you seem to understand the benefits and also the challenge…but make sure to respect the job market headwinds right now. Are you currently working or are you on the beach?
^^i’m on the beach 
ive been planning the move for a few months based on my MBA graduation and knowing that the end of the year holiday period into Jan is slow. I believe I have a legitimate excuse to not currently be working as I’m not the only person coming from overseas (to nyc) from a graduate program. My resume is filled with things I can be discriminated over, whatever.
I agree with you, 6 months is about right. Working in my favor, is that I have a low salary expectation and i’m open to work in operations which gives me more options… I know some people that can’t or won’t work for “45k in operations”.
I am a little gloomier, like Numi.
On the plus side, I think you won’t have that much trouble convincing people that you are competent and can do something useful for them. And you have legitimate industry experience. And if they like your personality, I’m sure they wouldn’t mind hiring you.
The challenge is going to be finding out who to talk to that is looking for what you do. If you have a strong network here, then that is going to help a lot, particularly if they are people you’ve interacted with in your previous job and who like you. Your DB and JPM contacts will be the most useful, I suspect.
You may find that $45k is rather tight for surviving in New York City, although it can be done, particularly if you have roommates, live out in the boroughs, and don’t demand bottle service while going out.
In all honesty, if you are willing to accept a back office position then you should just speak to a couple of the big recruiters like Kforce, Robert Half, etc. I personally know people doing this in the NYC and they can definitely place candidates. Even if it is only temporary, it is something and it allows you to continue to look for a job as you roll contracts.
With your language skills, it may also be beneficial to look into teams that manage money for offshore Brazilian clients to join as an associate. I believe most of the large banks have these types of teams.
If you ask for $45k, you will NOT get a job soon. No employer is going to hire someone with an MBA with progress towards CFA for that amount.
They’ll be looking for the right ‘fit’, and being ‘overqualified’ is a major detriment these days. If you take off the ‘MBA’ and the ‘CFA level I’, and just use your experience at DB/JPM, you’d have a much better chance.
^^ i have considered the idea of excluding things while applying for some jobs as to not over-qualify myselft… My MBA is only relevant for positions related to latam/brazil/portuguese and im fine with that.
I won’t be sending resumes or really looking until I move and get a phone number… but looking at this job posting, sounds exactly what I did at an IB
here is a screen shot… 35/hour is about 70k a year! so potentially this would be a type of job that not only am I experienced but is a real possibility… not super glamorous but may have some exposure to FO.
Yeah, I would talk to a recruiter. They usually know what to include or not include for jobs like this. Good luck in your job search.
Why exclude things to get a lower paying job? That’s backwards. Highlight your qualifications and go for a higher paying gig. Especially if you’re not in a hurry. May as well try to land something a little better than $45k a year.
If you need a phone number get a prepaid cell phone. Only give out the number on resumes. It’ll be like the batphone. When it goes off you’ll know it’s important.
The $35/hour annualized to $70k sounds good for that role. Do contracting jobs pay higher per hour versus a typically base salary divided into 40 hour work weeks, or do you think the full time role for hat position pays about 70k anyway?
I’ll consider hiring you to do business valuation in central NJ for $45k.