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"Too senior or too junior": Trying to stand out in the job market

Submitted by Mathew Duffy

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About: I completed an MBA with a concentration in Finance. I am currently studying for Level II in the Chartered Financial Analyst program. My undergraduate degree was a Bachelor of Commerce in Marketing Management. I recently founded 'abankshouldhireme.com' to find employment because of the dwindling job prospects. Here's what I'm doing to make myself stand out.

My take: My original intention during graduate school was to complete an LLB and an MBA in a combination program. I was drawn into a finance concentration (and to an MBA only) after learning more about the fast pace of the capital markets and banking during my first year - and of course, the compensation. The irony is that if I had remained in the combination program I would have probably waited out the worst of the economic job crunch.

For people my age working in banking right now I'm hearing the same thing: companies just aren't hiring. Some of my colleagues in the capital markets are actually slightly concerned they could be affected because work in some areas is slow. Colleagues in marketing and administration are also feeling a pinch.

My frustration stems from being consistently being labeled as too senior (in reference to my education), or too junior (in reference to my work experience). I have received a lot of very positive feedback during interviews, though, and remain in contact with a majority of my interviewers. Companies know its an 'employers market' right now and have told me to apply anywhere just to get in for the time being. That idea has merit, but again, who's hiring an MBA for a bookeeping job? They know I'm not sticking around.

When I moved to Toronto in January and started to hear about general hiring prospects from many banks and companies themselves. I knew it was bad, but we weren't really seeing the hard employment numbers here in Canada until a few months after the collapse of American institutions. I am still constantly on a bit of an edge, as I probably should be, but I try not to let it become all encompassing. At this point it's safe to say I've lost count of how many jobs I've applied for, but at least 50-60.

A significant motivation behind founding 'abankshouldhireme.com' was to advertise my availability and to differentiate myself in the application process by creating and enhancing contact with a hiring manager. I built it to answer the question of why a company should hire me versus a similar candidate. The structure of the website is intended to be similar to a resume, but I've been able to express the thoughts, motivations and conclusions in my background that I believe make me stand out from the competition. I am also able to blog and post pieces of work to demonstrate my work related skills.

If there was no recession, I do think the prospects would be different for me. Declining world demand for raw materials, especially oil, has impacted my prospects in finance in Western Canada and kept me closer to home in a more diversified Ontario. The capital markets (the sector my education has trained me for) as a profit centre can be highly cyclical, however, and in a downturn just doesn't produce the deal flow to support a steady influx of new talent. Just looking at this sector my prospects would be very different.

I believe the job market has developed more into a lottery. There is too much emphasis on effectively anonymous one-click online applications. I think the emergence of social networking sites such as Linked In is a call back to the benefits of traditional networking, with a bit of a modern twist. One thing I have learned so far is that finding a job has a lot to do with relationships - all things being equal, people like familiarity and dislike taking chances. There will always be the online lottery but I think social networking sites open up a new dimension for consideration in the job market.

Are you looking for a job? Share your experience and strategies below.

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