Laid-off Analyst, any ways back into IB?
Laid-off 2nd year analyst from an EU BB in London, it's been over 6 months andpretty hard to find a new job. Mainly due to a combination of small number of processes (under 6) and a really competitive landscape.
Studied something vocational and non-finance related, about to start a job there soon in a few months, Is there any way back in the industry from there, or best just to move on?
Any tips to maximise my chances of returning?
What’s the layoff story? Why return to banking
The layoff story is definitely important as another user has pointed out - for example, you could be one of the UBS / CS analysts from your post, which might make things easier.
Another point to ask is what your recruiters are saying? I'd say that if you're not speaking to 5 - 10 recruiters at least and getting some feedback, you're doing it wrong. I know that junior level recruiters (Dartmouth, Linear, etc.) get a bad rap on WSO, but they can definitely be helpful if you use them in the right way. I'd also keep a very broad net if you're not doing that already - from a top BB background, I'd think you should get traction from smaller shops.
I think recruitment will definitely step up next year once budgets are set - there's definitely a rebound in market activity. That said, if you'll be out of work 12 - 18 months, then that's tough.
If you're motivated to get back into the IB industry specifically, consider starting again from the bottom. I know that's disheartening, but looking for a role in something truly adjacent (your vocational role you say is totally unrelated) might be a way back in (for example, audit, a PE internship, or even a MSc or MBA).
Good luck
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