Careers Back to Front

Back to Front

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    • dbrent
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      I work for an investment bank in a dark corner of the back office, I am trying to break into investment management and with that in mind i have taken CFA levels 1 & 2 (waiting results)

      I have had several interviews for internal roles but I can’t shake the feeling that the revenue producing guys look down their noses on the work i do in my current role (because lets face it they do). I suppose i wouldn’t mind this but whenever I “network” with people in investment management they tell me that i have exactly the sort of transferable skills they are looking for & that adding CFA exams into the mix makes me an ideal candidate (hmm).

      My interview / pre-interview rejection feedback always takes one of two forms:
      1. I do not have sufficient relevant market experience
      2. I would be bored in this role and/or they are looking for someone with less experience

      Now, no doubt they are sugaring the pill for me and there is probably some deep personal flaw that renders me unemployable, but that aside has anyone got any suggestions?

      I should note that i have done the following but to no avail (all negative responses):
      asked to be ‘demoted’ as I feel my current job level is probably too senior for a sideways move
      asked if i could either apply to or just take part in the graduate/internship/work placement schemes which the compamy runs
      asked if my role could be expanded so that it could be more market facing
      I am in the process of interviewing for a role that would put me closer to the markets but it would still be a ‘support’ role which doesn’t appeal

    • Zee Tan
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      Another possibility, which you probably already have covered, is to look at another company? If a sideways move is not possible internally, another company might be happy to consider an experienced hire into inv mgmt in a lower position.

      It would be great to break into your ideal role in one step but often it would be useful to have a intermediary role, which sounds like what you’re interviewing for.

      Another option is to try following up with the people who tell you that you have great transferable skills and see if they would recommend you for a position – that might also get you a foot in the door.

    • clwcain
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      I agree with @Zee.
      Look to move to another firm.

      If memory serves me, Brian DeChesare over at Mergers & Inquisitions/Breaking Into Wall Street has at least one interview with someone who did this. You might find some helpful advice there, too.

    • Zee Tan
      Keymaster
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      I’d be interested to speak to anyone who’s managed a “back-to-front” too – that would make a great post!

    • Snippy
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      I worked a back once, for 2 months. Quit it to prepare for CFA. It wasn’t worth my time and the money.

    • dbrent
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      Thanks for the feedback……can anyone suggest some decent recruiters?


      @Snippy
      – not 100% sure what point you’re making there, no doubt it will be enlightening so if you could expand on your point that would be tremendous.

    • Sophie Macon
      Keymaster
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      where are you based @dbrent – that makes a difference in recruiters recommendation?

    • dbrent
      Participant
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      based in London

    • Sophie Macon
      Keymaster
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      @dbrent – try: Barton partnership, Greenwich Partners, Astbury Marsden, Investigo, Morgan Mckinley, Cornell Partnership, Walker Hamill, Goodman Masson, Sheperds Little for a start.

    • Sophie Macon
      Keymaster
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      Oh another thing @dbrent – I wrote about this before, hope it helps!

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