It's a Tough Market Out There so We Should be Open to Alternative Strategies
October 13, 2008 - by Kanishka KelshikarWe know that the contraction in the financial services industry has led to a highly competitive job market. Graduating seniors now have to compete with candidates that have a few years of work experience and this obviously puts us at a disadvantage. I mean, look at it from an employer's point of view. Why would I want to hire someone who has no or negligible relevant work experience and needs to be trained in order to start becoming productive when there are so many experienced candidates that are willing to take up the same jobs and accept lower salaries considering the economic downturn? Makes sense, right?
So an alternative approach that you could try is to target back office jobs with well reputable firms. Agreed, back office jobs are not exactly what most students consider to be glamorous, but they do give you a foot in the door and the opportunity to make an impression. If you perform well at your job and make the right connections, it should be potentially a lot easier to make an internal transition to the front office once the market enters a growth phase. This is not the only solution but it is definitely a good strategy to consider.
