"Too senior or too junior": Trying to stand out in the job market
- May 1, 2009 2:49 PM |
- By Your Voice
Submitted by Mathew Duffy

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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Comments (17)
with a bad economy comes bad workers rights the labour standars act changes so much it makes my head spin, and every time it change it just keeps getting worse for employees.
(do CEOs controll every thing?) At first you had maditory 15 min paid break for every 4 hours and they would state how many breaks you would get after 8 hours, now employers olnly have to give you a unpaid half hour and thats only if you work 8 hous. How are employees suposed to know and exercize thier rights if they keep on changing, these new gidlined olny mak it easier for employers to take advanyage of people, espicaly with the ression no one wants to fight the new guidline in fear of getting fired. If any politician wants my vote they better start taking aboout workers right!!!.
Your problem, along with the majority of students out there, is that you do nothing to differentiate yourself while you're in school.
Working at McDonalds, Home Depot, etc. -- it's good for paying the bills, but it's also irrelevant to your field of study and ultimately contributes nothing to your professional experience.
You need to do something relevant while your in school. When you graduate, you've already got experience in your field to highlight your capabilities.
It's hard coming out of school to land a good job, but I believe this applies to students who, despite their academic successes, have accomplished little professionally by the time they graduate.
School only takes up some of your time, what are you doing with the rest?
I worked as a consultant through my years at University. I didn't do 'just' school work -- I found work, clients, and built a reputation with these clients. This translated into steady work and became the basis of my professional experience.
A year out of school I was earning over $100K a year. My friend, a graduate in the same discipline (Computer Science), is working for $13/hr. Others friends are working unrelated jobs.
I guess my point is that it's critical to differentiate yourself while you study. You can't wait until after you finish and expect an employer to look at your resume and not see a striking resemblence to the resumes of your fellow graduates.
Get busy, and you'll be rewarded after school while your peers struggle to find anything decent.
When I graduated from engineering in Newfoundland I put out at least 50 to 60 resume and never got a phone call, so I realize you feel unwanted. In my case a move to Calgary flipped things so that multiple companies wanted to hire me.
Because of the current situation I am afraid you will have to wait for the economy to change. Unfortunately you will likely face what a lot of engrs face and eventually end up being paid less than new grads coming out of school after you.
My suggestion is to do what it takes to develop your work experience even if it means volunteering.
Normagen how did you interpre this article to be about employee rights? Duffy talks about the struggle about finding employment and I myself face this challenge and know first hand of the "online lottery" and the over-qualified and under-experienced.
I agree with Matt, it's frustrating!
P.S. Normagen, the labour board guarantees that for every five(5) hours worked an employee has the right to a 30min unpaid rest period, not eight(8).
Please get your facts straight, its not like employees in Canada are slaves. If it was really that bad I think unions would be more prevalent in the private sector.
Well, you're doing the right thing by aggressively selling yourself. The next thing to do is start your own company. Even if you only get a few small contracts it shows that you're actively doing something in your field.
The worst thing is to look like you've been out of your field for too long.
I honestly think you should have gone the LLB route. I know so many people who have an MBA. Becoming a Chartered Accountant is another option.
It's such a tough time to find full time employment in the financial field. It's too bad these recent graduates went into their University Education with high hopes of finding that dream job and were so disappointed when they were out in the job market.
Having debt after getting your MBA and working so hard in University for six years, only to be let down by the present times. I wish you well in your search and I hope someone will see your initiative and act upon it to hire you.
I was on your web site and it's a great idea which shows how much further you will strive to find employment. Good Luck in your search.
Truth be told the job market is cliquey and crazy. Some days I wonder if I'm dealing with grown ups or overgrown children.
If anything became apparent about the financial crisis is that it's mostly about connections and getting in at the right institutions then it is about your performance if you're looking for the green. You need the looks and likability as well as some modicum of ability.
Given the incompetence of many in the financial sector in the US it appears mediocrity and the upper class cliques are going to continue to be rewarded.
I think anyone who's looking for a job should really be reflecting on the large changes that are ahead for our economic model given the advancement of technology is going to increase job displacement at a faster and faster pace.
If AI and Robotics mature within our generation we are going to see significant social upheaval in developed countries, as well as major upheavals in India and China which are two of the largest countries in terms of populace.
I would not be looking for job security in North america and expect high pay. I'd be looking at securing skills and moving to companies and countries that still respect employee loyalty and dedication.
The turn over rate is going to increase from here on out at many institutions, sectors of secure employment are going to be: Police/crime, Healthcare, Science (tech), and Medicine.
Anyone who is looking for job security should really be thinking about what are going to be staples in all economies so they can move if need be if opportunities dry up.
My wife has experienced something similar. She has the required training and, schooling and finally experience. The catch? Many entry level positions here want 3-5 years experience.
Now I understand the desire to hire competent individuals while keeping salary levels low; but a few of these businesses are chronically looking for staff.Why? They offer to little for experience and no training to grow the inexperienced that's why.
She slugged three maternity leave positions since graduating and will now fit into there nice little demographic target.
I can't speak to the financial sector, but it seems to me that the job market has always been more about who you know than what you know.
This is why social networking (and not just the online type) really needs to be emphasized in schools (from the junior high level up through college).
You will always need to have some specialized skills for the career you are entering, but it's much more important to know people employed at the firm you want to work at, and to impress them with your personality, intelligence, and competence.
Since I left my school, every job I've gotten has been because I knew someone that worked at the company who was able to vouch for me, and encourage the person hiring that I would be a valuable employee.
Since then, I recognize that a part of my job is to make sure to build good working relationships with my co-workers, to be friendly and courteous at work in addition to doing my job well.
These kinds of skills are inevitably more valuable to the job seeker than the letters at the end of your degree, but also much more difficult to convey to prospective employers outside your zone of influence.
I think your website idea is great. If you can get people to go to the website, I believe that they will indeed remember you. Posting your great MBA marks, for instance, is a smart idea and so if your portfolio as it shows what you’re capable of.
You have good work and extracurricular experience as well from your years in university. I would suspect that your lack of employment at the moment has everything to do with the recession.
Somebody mentioned how clique-e job market is and I agree; a lot of it is having a network you can tap into for leads and being your advocate.
You’re creating a network for yourself right now. I didn’t want to leave SK when I completed my MBA (big mistake) and needed to build a network for job leads quickly. It worked out okay in the beginning, I had a decent salary but in a federal department. I quickly became underemployed which is all right in a recession. Any how, I digress.
I’m impressed with your marketing skills, your website and your write-up. I’m sure you’ll land something soon. It’s a little discouraging to see someone who graduated from a well-respected school with an MBA looking for work, but like I said – it’s a result of the recession, not your skills.
Good luck and I’m sure you’ll be very successful in finding a great job and have a great career.
Mat, couldn't agree with you more. It is a very tough situation out there for jobs. I was lucky, and got a job with a company I had worked with before starting my MBA, thanks to the network I had already there.
You just have got to keep plugging away, and good things will happen. I've also got to think that doing this writeup can only help. Very nicely put!!!
I worked in the financial sector for a while and the people they eventually hired at that time, worked for employment agencies.
Starting your own company is a great idea.
The workplace is a mess and its only going to get worse.
I took part in a co-op program and it was the best thing I could have done. One of my co-op employers ended up hiring me into the job I have now, and it has been wonderful (since she knew my work ethic, and abilities through my work as a co-op student, I had the advantage of starting my career with a boss who trusted me from the start).
I COMPLETELY agree with Scott - you need to set yourself apart while you are in school - not afterwards. So many students don't think long-term though (the whole university lifestyle is far too appealing to be bogged down with co-op or jobs that are more complicated than waitressing). It might be more work, but it is 100% worth it in the end.
Good luck.
The world has not changed a great deal since
I first began job hunting in 1970. Youth is good
Experience is good -- they rarely coicide.
But experience and age (60) is not good either.
Strangely, it seems that education, is not such
A huge factor as expected, because whether
You are a warehouse worker or a university
Educated specialist with a masters degree
You face the same old prejudices.
instead of looking for a job... why dont you start a company? It is much more fun and much more rewarding!
Hi,
You have passed only 1 Level of CFA. I am sure you will be able to find by the time you passes Level III of CFA. Keep on searching for job. The economy will get better.
Another case where students dedicate their entire time to school, which takes them away from reality of job market. They deidcate it all to school because they cannot balance school and work.
I got a a job at the bank in first year of school, and working side by side with person who just graduated from uft with degree in economics. I got more seniority and higher pay than him.
You make the conclusions.