The global credit crisis has been one of the most difficult times to find a job, so high in the industry, the investment bank. According to the U.S. Bureau of Labor Statistics, the number of unemployed rose by 2.2 million between September 2007 and September 2008 and September 2008 unemployment rate hit 6.1 percent – the highest level in five years. In the financial services industry alone, hard by the subprime crisis, lost more than 111,000 people their jobs in the first nine months of 2008.
However, there are, for example, on average, more than 3 million jobs every month in the United States. And you need only one as a jobseeker. Even in a labor market with unemployment of 6.1% a 93.9% employment.
So how do you give the 93.9% of the workforce, and in a prior investment banking office location?
1) DO no typos or grammatical errors in your resume or cover letter.
As simple and trivial as it may seem, after years of interviews with candidates on behalf of investment banks, you’d be surprised how many resumes and cover letters that have typos in them. Currently, more than three times as many job seekers that the vacancies published. An imperfect document is a guarantee of 100% rejection of your application automatically, no matter how good your profile. Get my friends to read your resume / cover letter / application forms, or even better before they seek professional help.
2) When opening a small amount (about 5 PREMIUM global investment banks) that you make to something else PICK.
THIS IS YOUR PLAN A.
Spend time, the roles, business and industry. As you can see the challenges of the banking sector with the development in the next 12 months, confronted with? As you master your skills to these challenges, the company?
Write a resume and cover letter specifically to each of them. They will all be very similar (of course there is only one you), but make sure that for every key skill in every role you answer the following questions:
a) What are the competencies of the company looking for? This proves that you have done your research.
b) Where I have been developing these skills during my academic experience / previous work? This shows that you are the ideal candidate.
c) How can I prove it? This convinces the reader (with facts, not generalizations) that you are the best candidate. Use the STAR technique:
S: What was the situation?
T: What are the tasks I was?
A: What actions can I perform?
R: What was the outcome?
3) Target a greater number of openings (eg, 10 mid-tier investment banks) you can see the work.
THIS IS YOUR PLAN B
Prepare a resume and cover letter generics. For example, if you want a Corporate Finance Analyst position you are familiar with each role will require good analytical / quantitative skills, ability to work under pressure and ability as a team. To write a generic resume and cover letter to show how you are the best candidate with the right skills.
4) Go Off The Beaten Track.
Google Finance houses less known and submit your application. You are with your resume and cover letter designed for generic 3). Some of them are not even a section on recruitment, let alone an application form online. But the people they have hired to work for them!
Fact: At least 50% of the people I’ve trained over the last 2 years by their current job unsolicited applications for jobs that have not been announced are offered.
5) NETWORK.
Make friends stay in touch with the university and former colleagues. Make a table with a plan to inform you by e-mail or call them regularly. He does not need every week, not once every month. Once per quarter is very good if you have something specific to discuss. Suffice it to say “Hi, how you wanted job / course / Whatever happens, etc”. Show that you are sincerely interested and not just call an application.
This will not only help you identify possible vacancies, but it can really give you an idea / view at your job that you do not think to yourself. It can also help you get things right and things you did wrong.
CONCLUSION
All in all, I’d be lying if I say things quickly or to get better by the law of large numbers, were you get a job in the foreseeable future in this climate. You can choose from a job for a long time. Remember: “The market can remain ineffective as long as you remain solvent.” It is in all probability the market conditions more difficult than you’ll ever find themselves in.
But a small number of people are still engaged, even in leading investment banks you read in newspapers laying off employees. If you are one of the lucky few, you need to ensure that the speed of your game will be at the highest level of persistence. The recruitment in 2009 to distinguish outstanding about good candidates, and have only the Movement success.
