Anonymous
01/02/2013 22:57
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:PP you are not charging folks are you?
I can see why youd ask ... but no. I just get happiness out of helping others. I do get a referral bonus at my office for folks that make the cut, but really, it's just about helping out people. There's a certain joy in knowing that I've helped someone do something positive for themselves or their family. Of course, it doesn't always pan out - I sometimes get resumes I just can't do anything with; and a large number of folks can't get past the interview process (it's not easy), but for those that do, there's a solid job and possibly a lucrative career on the other end. In the last two or three years I've brought in a bakers dozen of folks all of whom have kept in touch, all of whom thanked me, all of whom seem to be doing well. And that makes me happy inside. It's not "save the whales" , but it brings me joy and I get to meet some interesting people.
Anonymous
01/02/2013 22:08
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Hedge fund = He has generic analytical skills and an ability to do math/calculate NPVs.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
Do you work at one of the above firms? I'm the PP
I do..... If you have a throw away email address you are willing to post (sign up for something at google I guess), I'll email you and we can chat sometime or grab a coffee. If theres a particular firm that interests you, I've got friends at all of these firms except one.
uatu@outlook.com
thanks.
Email sent.
Anonymous
01/02/2013 21:06
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:PP you are not charging folks are you?
charging? huh?
Anonymous
01/02/2013 20:56
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
PP you are not charging folks are you?
Anonymous
01/02/2013 20:54
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Hedge fund = He has generic analytical skills and an ability to do math/calculate NPVs.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
Do you work at one of the above firms? I'm the PP
I do..... If you have a throw away email address you are willing to post (sign up for something at google I guess), I'll email you and we can chat sometime or grab a coffee. If theres a particular firm that interests you, I've got friends at all of these firms except one.
uatu@outlook.com
thanks.
Anonymous
01/02/2013 19:37
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Anonymous wrote:Hedge fund = He has generic analytical skills and an ability to do math/calculate NPVs.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
Do you work at one of the above firms? I'm the PP
I do..... If you have a throw away email address you are willing to post (sign up for something at google I guess), I'll email you and we can chat sometime or grab a coffee. If theres a particular firm that interests you, I've got friends at all of these firms except one.
Anonymous
01/02/2013 18:36
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Fed here. Yes, federal jobs can be very hard to get, but a lot of it just the specialized language and byzantine application process. I would suggest at least exploring some of the financial agencies for openings (I've seen several pop up recently on a usajobs screener I have set so I know they are hiring.) It may not be an ideal match, but it would be a job and an ability to keep skills honed. He may want to look for a some sort of seminar on "how to apply for a fed job" if the process is what is putting him off. Just a thought, and good luck!
fed jobs are so fucked up. Positions that i actually have academic training in, i never get called for..i.e. treasury department.
however i've had two intelligence community agencies that i've gotten somewhere with. Mind you i'd rather work in the IC (mike morrell, jami miscik are my dream career-path role models) but there really is no rhyme or reason it seems when it comes to fed recruiting.
Anonymous
01/02/2013 18:23
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Hedge fund = He has generic analytical skills and an ability to do math/calculate NPVs.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
Do you work at one of the above firms? I'm the PP
Anonymous
01/02/2013 18:19
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
There was a gs9/10 opening with treasury in their office of macroeconomic affairs (right up my alley) and they received over 150 apps for 1 position in the summer. The market still sucks for finance/econ.
I'm not picky about wages as much as getting a position that will give me good experience and training. I'm under 30 and have been out of work for quite some time (grad degree, couple of years of work experience).
I did get a position with the fed gov out of grad school but got rejected for a clearance (after almost a year of putting me in limbo) and after that have been out of work. I took some time off to travel for a year (i saved up a lot when i worked) but since i've been back it's been difficult to get back into the job market at really any level.
Unlike the OP, my problem is i don't have much substantive experience, but i am quite flexible when it comes to wages if the position will give me good experience/training.
One thing this experience has shown me is who my real friends are. All of my so-called 'friends' deserted me except 2.
I'm not picky about wages as much as getting a position that will give me good experience and training. I'm under 30 and have been out of work for quite some time (grad degree, couple of years of work experience).
I did get a position with the fed gov out of grad school but got rejected for a clearance (after almost a year of putting me in limbo) and after that have been out of work. I took some time off to travel for a year (i saved up a lot when i worked) but since i've been back it's been difficult to get back into the job market at really any level.
Unlike the OP, my problem is i don't have much substantive experience, but i am quite flexible when it comes to wages if the position will give me good experience/training.
One thing this experience has shown me is who my real friends are. All of my so-called 'friends' deserted me except 2.
Anonymous
01/02/2013 09:04
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Hedge fund = He has generic analytical skills and an ability to do math/calculate NPVs.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
He should look for jobs at:
- Deloitte, BCG, Bain, McKinsey, PRTM (all analytical)
- Frontier Strategy Group (good mix)
- World Bank or IMF finance department
- Corporate Executive Board (they are always hiring)
- Hilton / Marriott (They are currently hiring)
- Capital One (they are very analytical)
- eTrade Treasury Department (in arlington)
I think you also have to accept that none of these jobs are going to pay the $500K+ a year that he was making before. Accept that his new salary might be $100K a year plus bonus.
If you are willing to get me a resume, I'm willing to put it in front of the right people at my firm.
Anonymous
01/02/2013 09:01
Subject: Re:Husband out of work for 2 years - limited jobs in his industry - what now?
Consulting - firms like Deloitte and Ernst and Young are hiring for their Financial Services practices.
Anonymous
01/02/2013 08:33
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Fed here. Yes, federal jobs can be very hard to get, but a lot of it just the specialized language and byzantine application process. I would suggest at least exploring some of the financial agencies for openings (I've seen several pop up recently on a usajobs screener I have set so I know they are hiring.) It may not be an ideal match, but it would be a job and an ability to keep skills honed. He may want to look for a some sort of seminar on "how to apply for a fed job" if the process is what is putting him off. Just a thought, and good luck!
Anonymous
01/02/2013 08:24
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
OP - DH was JUST hired after being out of a job for one year. We had to move in order for him to find a job. it was a tough pill to swallow but truthfully had we been stubborn and not have been willing to move, he would still be unemployed.
Point is, necessity is the mother of invention. He needs to RE-INVENT himself. I dont think your DH is lazy at all but I do think he's "trapped" in his own mind-set that he must stay in finance. That industry has shrunk and will most likely not grow for many years to come. I used to be in finance myself, so I know a bit about it.
I think your DH should get retrained in a skill where he will always be employable. Those skills are usually not very glamorous but they are very profitable - plumber for example. There are so few people under the age of 50 that are plumbers and that means in about another 10 yrs (or less) that profession is going to be in super-high demand.
He's going to have to get past the "Im too good" attitude if he has one. Not saying he does but in case he does - he needs to get over it. The least sexy jobs are usually the ones that pay quite well because no one wants to do them.
He needs to open up his options to going to trade school or buying a business (Poop-Scooping for example). A ton of MBA-ers and former wall streeters are finding themselves having to re-invent themselves as well.
Point is, necessity is the mother of invention. He needs to RE-INVENT himself. I dont think your DH is lazy at all but I do think he's "trapped" in his own mind-set that he must stay in finance. That industry has shrunk and will most likely not grow for many years to come. I used to be in finance myself, so I know a bit about it.
I think your DH should get retrained in a skill where he will always be employable. Those skills are usually not very glamorous but they are very profitable - plumber for example. There are so few people under the age of 50 that are plumbers and that means in about another 10 yrs (or less) that profession is going to be in super-high demand.
He's going to have to get past the "Im too good" attitude if he has one. Not saying he does but in case he does - he needs to get over it. The least sexy jobs are usually the ones that pay quite well because no one wants to do them.
He needs to open up his options to going to trade school or buying a business (Poop-Scooping for example). A ton of MBA-ers and former wall streeters are finding themselves having to re-invent themselves as well.
Anonymous
12/30/2012 18:31
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:Apologies for the lengthy post. In sum, it recommends volunteering for a political campaign and looking west.
I've been in a similar situation for 3 years now, and as miserable as it is, I am glad to see I'm not alone. For all you "haters" out there: governmental jobs are VERY hard to get these days - it has nothing to do with being "high and mighty." Even those of us with excellent reputations with several contacts pulling for us are having big troubles.
The truth is that the finance markets are overrun with PhDs now. If a bank wants a double finance-physics PhD, there's one out there in his/her early 30s willing to work for $80K for a couple of years. It's a buyer's market, and no matter how great your contacts are, it's almost impossible to get over this.
What I've done is looked at the CVs of people where I want to work - Treasury and FRBs. By far, most of them have campaign work on their CV at some point, and hence I've started volunteering at political campaigns. Unfortunately, I've had to start at the bottom.
The second thing I've started doing is lowering my price. Since I'm priced out of the market, I've fudged my resume to look young and apply for internships or junior analyst positions. This is humiliating, yes. And it promises very little pay. (I should add, my DW and children are currently living at my DW's parents' house. Yes, we're part of the 40+ crowd living with their parents.)
Finally, there was an article in the WSJ on 12/14 that noted that finance jobs are picking up in the midwest and in DC (I've had several interviews in St. Louis, and I often sing choruses from Philadelphia Story to keep my kids' spirits up).
I wish I could talk to my grandparents, who put their kids in an orphanage and traveled around the country looking for work during the Depression. Being separated from my family and giving up all of my alpha and beta is unappealing, but may be on the horizon soon - the prospects aren't good.
Sending you good wishes pal as I have been in your boat. In Cleveland and Detroit there is a shortage of finance people because so many left the area after the auto industry cratered. Indianapolis and Columbus are also doing OK and Minneapolis has a number of openings. But I am not sure of exactly what you do or I would include some suggestions.
Anonymous
12/30/2012 18:27
Subject: Husband out of work for 2 years - limited jobs in his industry - what now?
Anonymous wrote:This is the OP - thanks for the comments. Visiting a career counselor might help. Not sure about the franchise thing - sounds like a big risk, and a lot of upfront money. I've seen a lot of people fail in that, so its not high on my list. To the PP who said something about being too good for a job in Philly - sorry to burst your bubble - but you must think we are some other family, because my husband has never interviewed for a government job there. To the PP volunteering at political campaigns - good for you, and I'm so sorry you are going through the same thing that we are. I am starting to wonder if soon we will have to split up the family so my DH can go off to some other part of the country to find work.
I think there are so many people out there with their heads in the clouds and no understanding of what really is going on in this country with regards to unemployment, lack of jobs and the serious dire straits some of us are in.
To make matters worse, we feel like a lot of our so called "friends" have ditched us because we are no longer "in" with their crowd. Apparently being unemployed makes you some kind of leper. Its bad enough worrying about money and paying bills, but when people who you thought were your friends just stop calling or replying back to you, it really hurts. You find out who your real friends are - that's for sure.
When your DH finds another job, and he will, then never, ever turn down someone who needs help. I do resume review for a professional group and there are some really talented people out there who need assistance, advice, an ear.
Also, I posted earlier about whether or not he has an MBA. Sure he is already doing this, but colleges are offering career assistance to alumni because so many are going through this.