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If you lost your job? (pg. 2)
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| Uncle ED |
Word of Mouth, let everyone know you are looking (hence here), strange stories at how some of my close friends have found jobs while unemployed and are now weathly...to young to take "me" time IMO. Dont fall into a "rut" and everyday set goals of what you want.
Do you have a passion? Maybe start your own company? take risks out there, follow what you want to do, the rest will fall into place ( in time)...and to have a supportive partner is the utmost important thing.. |
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| DJ_Lord |
| no way, get back into the game and capitalize. there are amazing opportunities out there everyday! |
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| Groundhog Boy |
| quote: | Originally posted by chimera66
oh and obviously don't start working again until you severence runs out...severance packages ftmfw |
Well, I guess that depends. I was speaking with someone the other day that was telling me about one of his attorney friends that got laid off by a big firm and got severance of at least 3 months. Within a month, this person started at another large firm, so they're now being paid by both firms at their salaries.
As for the OP, it depends on your field, imo. If you're in a highly competitive field that's been hit hard by the move in the economy (like you said, finance), I'd probably be looking now...because everyone else is and you don't want to miss opportunities before they're filled. |
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| yumpop |
| As much as I want to take off, my realistic side already kicked in and I have been applying online. I would feel bad not working but if it isn't an interview day, I will be posting resumes at the beach. My severance won't stop if I am hired. |
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| Uncle ED |
| I would go to Ibiza for the rest of the summer and sell beach chairs... |
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| jerZ07002 |
sometimes when they let your 'group' go, the company does it without evaluating the individual contributions of group members. have you tried explaining the value you add to your firm? The entire time i was worried about losing my job i was thinking about my pitch to another group within my firm.
Lesson to be learned: make the internal connections before it is too late. People who like you and are impressed by your work ethic and work product, but are otherwise not in the line of fire, may very well come to your rescue when you give the rescue call. it has worked for some people within my firm when they were 'downsized.'
as for taking time off, go a week or two, at most, without worrying about finding a new job. when you've had enough 'free time,' i.e., after the two weeks, hit the job market hard. don't just send out electronic resumes. Rather, send resumes, meet people, call old connections to see if they know about job openings, and contact the career center at your college. Passive job searches rarely work (although, ironically enough, that's how i landed my current job). Be assertive and confident, but not obnoxious and annoying (tough line to walk, admittedly). |
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| get nyce |
jerz speaking truth.
not to knock you or your career path, but why is it that those in finance who are let go often try to obtain jobs within financial institutions? I'm sure like most, we have friends or are in the finance field, hear stories about segments being let go, yet only to continue seeking another job in within the same field? There are many other companies out there that offer a finance department that doesn't directly equate to working on a desk or trading floor. I've seen a bunch of series 66/7 candidates applying to jobs within my company (publishing) and obtaining Sr. Financial Analyst jobs that are extremely stable. Now I probably don't know all the ins and outs of working in "Finance", but I do know that career specific jobs are limited and the flexible employees who prove lateral mobility and adaptive skill sets to be of higher value to a company then a specific expertise.
just 10 cents, i'm probably wrong but that's how i think |
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| DJ_Lord |
| bc most of those financial analyst jobs are too accounting oriented. to me it's more interesting dealing with investment products and vehicles, which you will not find at a publishing company. besides, you will make more money at a bank. |
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| yumpop |
| quote: | Originally posted by DJ_Lord
bc most of those financial analyst jobs are too accounting oriented. to me it's more interesting dealing with investment products and vehicles, which you will not find at a publishing company. besides, you will make more money at a bank. |
Are you also in financial sales? I have my 7/63/65, it is really frustrating that my firm is getting rid of brokers and just keeping financial planners. The market is in an upswing and people are buying, even the conservative clients are hedging taxes with 3x tax free funds that pay a good com! I am pretty sure that I can find something fast as a broker and have some of my book but they got rid of us so suddenly, it is hard to track it. I am looking into other types of sales positions within finance, people are getting 1% on mortgage mods very quickly so that is a temp option. I think you get it, sales roles make a lot more money than anything but what to do is the hard part. |
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| cl005k |
| What was your previous firm?? I'm affliated with LPL Financial which is the largest independent brokerage firm and my boss is a CFP. |
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| yumpop |
| quote: | Originally posted by cl005k
What was your previous firm?? I'm affliated with LPL Financial which is the largest independent brokerage firm and my boss is a CFP. |
I would rather not say where I was working but it is a large firm with institutional and retail banking. |
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| StarSoprano426 |
Sorry to hear that, that's terrible.
After I got laid off I took all my money and went to Europe. Now I have no money and will have to live with my mom for a little while when I get home :nervous:. But my hippie choice was totally worth it for the life experience. Now maybe I'll settle down... :crazy: |
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