Would you work for nothing to get back into the market?

26 May 2009

1 minute read

Would you work for nothing to get back into the market?

A fissure may be emerging in the financial services job market. On one hand, some people still in work are getting higher salaries. On the other, people out of work are volunteering to work for nothing, or for zero salaries and commission only.

As we mentioned a while ago commission only deals are popular in interdealer brokers. They're also not unheard of in hedge funds.

Financial News reports that people in the fund of funds sector are also volunteering to work for nothing for six months. And hedge fund blogger Fintag says he's seen the same phenomenon.

Institutional salespeople are apparently particularly willing to cut their price simply in order to get into the market and keep their contacts current.

Is this really such a good idea?

AUTHORAnonymous

Insider Comment

Jo
John
9 June 2009
If it can get you into an industry you've always wanted to then yes but only for a few months to show willing and maybe have expenses paid. A decent manager who may have been in the same position may take pity and let you onboard.
If you've a mortgage and family to maintain, forget it.
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To
Tom
1 June 2009
Is it that hard to get back in. i left before the problems over a year ago and have been working in another industry. I do consider going back, but seems it is very difficult. My aim was to gain some external experience then go back after a year or so, but seems that plan is out the window.
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JC
JC
1 June 2009
ahahahahaha hahahahahahahaha hahahahahahaha
hahahahahahahahahahaha
work for nothing?
you have got to be kidding
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BT
BT
28 May 2009
Work for nothing....pathetic!
If you want to work for free why not go and do some proper charity work
Reply
ma
max1
28 May 2009
are you people crazy? seriosuly you would pay to get back ? what kind of plan is this, you want to gain experience while losing all your credibility not to mention your dignity, no employer likes that
Reply