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'You're Hired' Anecdotes - A Bit of Color

Two weeks ago I relayed a friend in transition's remark that three of his friends landed financial jobs in New York of late. For what it's worth, here are additional details about how two of those hires came about.

One new hire is an MBA student at a local university. A friend of his in the same program learned of a prime brokerage opening at a top-tier bank that wasn't a fit for him. So he passed contact information along to his friend, who worked the phones and now has the job.

My source observes (from his second-hand perspective) that although the university connection was key there, "it wasn't a direct on campus recruiting catalyst. I would call it basically good old fashioned networking."

Another of my friend's associates came aboard in March at a top UK-based institution's New York office. That individual spoke with everyone he knew until he eventually found the one who was hiring. Chalk up another for old-fashioned networking. (My source didn't reveal that person's specialty or the nature of his new role.)

A footnote: One of my friend's just-hired contacts told him, "Something just opened up here." My friend, whose background is in fund and derivatives administration and has been in transition since autumn, sent his resume and quickly got a telephone interview. I'm hoping his next "found-a-job" anecdote will be about himself.

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AUTHORJon Jacobs Insider Comment
  • Ru
    Ruevenator
    28 May 2009

    Jon:

    Get real. I know more people unemployed than employed. Most of them have 15+ years of experience in finance and real estate, none of whom are getting any traction in this market. Your sarcastic attitude towards johnb is unprofessional and inappropriate. I only hope you do not have to go through 15+ months of unemployment in a market just like this to gain some humility.

  • Ch
    Christopher
    28 May 2009

    Wonderful report. I, as a shorter man, had difficulty finding work following the last economic down-turn and my late fiance's sister kept hounding me and hounding me until I founded my own firm in Liechtenstein to manage her funds! Following my education I had no interest in networking; however, I now see the benefits of staying in contact with old school mates.

  • Jo
    Jon Jacobs
    28 May 2009

    Reuvenator,

    More of my close contacts are unemployed than employed, too. Thus far, most of them - although by no means all - have managed to avoid the self-defeating negativity that both johnb and you display (in the form of barely concealed envy of the more fortunate) in your comments on this thread.

    For some guidance on keeping one's head up and one's eyes on the ball, take a look at Don't Be Like These Guys, and Our Take: Panic Tonic.

    -Jon Jacobs, eFinancialCareers News staff

  • Jo
    Jon Jacobs
    22 May 2009

    johnb,

    If you believe most people in MBA programs are "kids," you may have even more trouble getting hired than would be the case based on market conditions alone.

    -Jon Jacobs, eFinancialCareers News staff

  • jo
    johnb
    22 May 2009

    When are real people not kids from university going to be hired again?

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