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$2k into XLV or VHT?
Decided to payoff my mortgage.
Booyahh, landed hedge fund number 2 for IPOs.
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offer from the client. thoughts?
McKinsey & Company Has any industry experienced candidates pivot to MBB Engagement Manager before? My roommate works at FAANG as Senior Analyst (Ops, 6+ YOE) and was approached by McKinsey & Company recruiter for an EM role. He hasn’t done consulting before. Would this be too much of a risk? His goal is to pivot to PE S&O eventually.
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1. File for unemployment
2. Defer student loans
3. Decide what you want to do professionally
a. Identify companies
b. Identify roles
c. Tailor resume and cover
d. Network and apply in a focused but ruthless manner
You'll be alright 👍🏼
I got laid off for performance after 8 months out of college, was the worst time of my life but now I'm killing it and actually am grateful af to the partner who laid me off
Start applying elsewhere, craft a reasonable story as to why you 'chose to leave' and stick to it. As long as it's not performance related, you should be able to find something elsewhere pretty fast.
Sorry to hear. What D1 said, plus minimize your expenses asap. Cancel unnecessary subscriptions, stop eating & drinking out, trim down to the minimum. You'll get through this!
^Poor performance typically means weak leadership. All skills in consulting can be taught.
@M3 you are a part of the problem at consulting firms. You jump to judgement without any showing empathy. You don't consider not all things are within our control at the analyst and associate levels. You're a big reason why myself and a lot of my peers dislike the job. The reason we stay is because of the other people, like those who have responded to this post with encouragement, understanding and positivity. As for you, I hope you never experience what @op has been through. You're a smug self righteous a-hole. Even though you are a manager, you are probably not a leader.
Agree K1, D5, A3! Been there before. 3 tips to add:
1. Finances - start here, follow advice above and don't worry if you have to live off your cards for awhile (if you can). Good practice for when/of you have a kid.
2. Job hunt - again, take advice above but set a goal of # of applications to send per week and push yourself to meet it. If you can, get a senior person in your desired field to give feedback on your resume - can be a referral ("anyone know a senior exec in X that I can network with?"). Also, do have a set "script" of why you left the job - keep it positive. If you move to industry, can say, "consulting lifestyle was too stressful" haha...
3. Your mental state - you can and will be depressed and ecstatic, sometimes in the same minute. I like to find a buddy who's job hunting and check in weekly e.g., coffee, walk, text. Helps with morale.
In the long run, job search skills are extremely valuable to have. Bummer to be pushed out, but remember, you are not your job. Some will say you are horrible, others that you are great - you are neither, you are just YOU and the world needs you! Life is taking you in another direction. Have faith that as one door closes, another one opens... #YouGotThis
Some good advice here. Let me add some conventional and unconventional advice. First, applying to jobs on the company sites has always been useless for me. You need a warm intro. Contact all your friends, former coworkers, etc and see if any of them have an in somewhere. Use your parents and family members as well, you never know who "knows a guy/gal." Meet people in person and ask for intros. Eventually you'll find a "superconnector" in your midst that can get you intros. Better to meet strategic people than do 50 online job apps.
Also, in my experience it always takes about twice as long as you expect to find the next job.
Finally, get a project to keep you sane. Start working out, train for some big event, bake cakes, whatever. I got shitcanned for the first time at 39 with 3 kids, and one of the things that kept me sane was learning plumbing, electrical, and carpentry and doing a big home improvement project. I also figured I could moonlight in the trades if worst came to worst. If you sit at your computer all day staring at LinkedIn you'll start to loose it.
OP, on top of the job hunting advice, try to keep your spirits up as much as you can. One firms assessment of you is not everything, and don't let that impact your confidence
In consulting there are so many factors outside of your control - firm not selling work, firm over hiring, asshole project management, utilization pressure forcing you to take a project that's a bad fit. Not everyone gets a fair shot in this industry so "poor performance" may very well not have anything to do with the individual
Thanks M3, however, I did not flag your comment - I don't censor anything, including your comment to me. Nice job 👍🏼
I was let go from my role at Deloitte. Honestly I could not have been happier as I hated the manager, the PPD who led the group quit and a lousy partner took over. The group did it seem to have enough work. Got one month severance and found an amazing new role in few weeks. I traveled a bit, watched GOT, and did not feel any regrets at all. Don't worry , cause these things happen for a reason and it will all work out eventually!
I actually got three offers after being let go so don't lose hope.
Strategy and senior analyst. I guess I didn't make up or out and yes I didn't perform well on a project. :-(
@Accenture2 who gets laid off with two weeks severance for performance 😳😳 that does not make sense.
A2- the bench is deep right now. I've almost been laid off twice in my almost 4 year career. The most recent time I found a role on the last day before I'd be let go.
Accenture's model is simply to overhire and trim when necessary.
Good luck, OP. Also create and/or update your LinkedIn. Include your relevant skills, duties, etc. Recruiters often reach out to me on there at least once a quarter.
Thanks guys! How do you recover if one of the reasons why you were let go is performance related in addition to chargeability?😫😫😫😢😢
Thank you all! You guys have been helpful! I had low chargeability, but performance was generally fine except for one shit project where I didn't work well with the manager.
I hear Manhattan Consulting is booming right now, flip them a rezzy
Sorry to hear this, OP! Can we all help with referrals at all? I'm sure this group of folks on FB would be more than happy to help out in any way we can. As K1 said, definitely take a few immediate steps towards short term financial security.
This is why I throw out a feeler resume every 4-6 months, and never ever turn down a recruiter. I always tell the recruiter that ill touchbase w him/her in a certain amount of time. Good luck OP, apply to 100 jobs today