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Yes, those without 3-5 yoe are pushed down because most firms would rather hire a new grad/outsource for a lot less and mold them. It’s important to keep your skills and training up.
It has been like this since the 1990's. This is nothing new.
I can’t be too mad about it bc the finance industry is super competitive (especially in major cities) but I’m asking bc I want to know if this is a realistic or pessimistic view? This will help me level set expectations for my current job search. If this is a realistic view, then it seems like I was really lucky with my last job search (during 2021) when companies were more willing than usual to hire people who are qualified/under-qualified and provide on the job training.
Yeah I’ve come to realize that’s the norm (glad I found out early on in my career so I can adjust my expectations going forward).
Same struggle here. Laid off from rotational program after 2 years
As someone who is also pursuing their masters right now while only having about 3-5 YOE, The masters is key. I needed to show I started my MBA just to get in the door. In this day where so many people are competing for roles, you have to find a way to really differentiate yourself. Whether that’s with a graduate degree, or certs like a FRM, CFA, etc.