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Applied to a job at a major firm in my industry. 750+ applicants. I flew out to NYC in the middle of a blizzard with 3 hours of sleep and bronchitis figuring I could get through 2.5 hours of interviews. That 2.5 hours turned into an all day 9 hour series of modeling tests and interviews. Just found out today that I came in second. The job would have doubled my income and tripled my career trajectory. Zero negative feedback. The other guy was local to NYC.
I'm sure some of you here will rejoice in my failure. It's been pretty devastating. Just felt like sharing.
Cry Havoc; and let slip the dogs of war!
I sincerely hope no one here will 'rejoice in [your] failure'. Anyway, sorry to hear it. If you came in second there will be plenty of other similar jobs out there for you. Get yourself a good novel, pour yourself a root beer. Arrange to see some friends. And you live to fight another day. Life's too short.
“Close tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” Reagan vowed.
2nd out of 750+? you'll do just fine in the future!
Hang in there phear. You da man!
Join the fight for YOUR liberty!
good luck on the next one, you'll be fine.
What's your area of work? Where do you live?
I just put out an offer to a guy in the midwest to manage a government project for me. It leaked to him that he was my #1 choice and that I was buillding the project around him (I wasn't, but it would have been very convenient). The asshole now is telling me he will require more money because groceries are 50% more expensive in North San Diego County. Big red flag. He's receiving a "Good luck with your future endeavors" email this morning.
I can empathize. I tried to find a job in NYC while living in S. California. Locals got preference. It took a long time to find a job there. I eventually did. Once in NY, I kept getting calls to work for other companies. Getting your foot in the door is the hard part in NY. Once there, you are in good shape if you have skills that are needed.
I currently live in So Cal.
Real Estate Private Equity.
I am friendly with someone that does that here in S. Florida. Business is booming in Miami.
There is a difference between being on the sponsor side and the equity allocation side. Equity Allocators are firms like Blackstone, Carlyle, Tishman Speyer, Canyon Johnson, Rockpointe, etc. There are probably no more than several hundred funds in the country with a heavy concentration of capital in the top 50. By contrast, there are thousands upon thousands of sponsors. I'm on the equity allocation side.
fight the fuck on.
think about this American hero, U.S. Marine/double Ivy Leaguer/I banker/father of three who did tours in Iraq only to come home and be struck down by bile duct cancer.
that is devastating. fight on Phear, you will do great things
up votes all around in this thread
What is happiness? The feeling that power is growing, that resistance is overcome.--Friedrich Wilhelm Nietzsche
edit, apparently I don't have upvotes anymore
That eulogy has been front and center in my mind since hearing it, too. In fact, I had to give one just last weekend.
There have been a rash of deaths since Jan 1 with my family and friends, and they have put a lot of things in perspective for me.
+1 for you.
This post was edited by deetj13 14 months ago
^this. Being number 2 out of 750 presumably qualified and possibly top of the finance food chain candidates is damn impressive to say the least.
I'm sure he represents SC well in his chosen marketplace.
A disappointment and an annoyance but both will be only temporary for you, I am sure. I don't know about you but every time I've felt like I missed a big opportunity and felt sorely disappointed, something just as good or better came along - usually unexpectedly.
so very true
I can't tell you how nice that would be ...
Thank you all for the kind words of encouragement.
Yup...I have found that the old adage of "when a door closes another window opens" is very true.
We just need to be open to the other possibilities/opportunities in order to see them,
You're fine. Be glad for the experience and the requisite knowledge that you performed well with the associated ratio.
Curious...of the 750 applicants, did you inquire as to how many actually interviewed live?
I'm sure you asked....but other than geography, what other discerning qualifications did the recipient have, that you did not, if any? Traditionally, geography for an upper tier position won't disqualify an applicant for an open requisition.
Lastly....remember - some of the best opportunities are the ones that didn't work out initially.
You're in a highly-niched industry--you'll be needed/valued somewhere soon.
If people would 'see' and create a position for themselves based on value, they'd be amazed at how fast, and where they'd end up professionally.
Any decently run organizaiton will create room on their team for the right candidate - even if they're not actively looking to fill an opening due to attrition, or addressing growth.
750 was cut down to 250 - 300 "very qualified" applicants. Of those 10 interviewed live. A final cut of 5 was made. At least these are the estimates back channeled to me.
As for feedback: "You did everything fine. Everyone had very favorable feedback of you. You have all the qualities we look for. It was just a matter of fit." From what I can gather it was sort of like running a 40 in 4.40 only to have some a-hole show up and run it in 4.36. I do think my location, an expressed concern that I am a bit of a "tweener" who has abilities beyond that specific position, and not having an ivy league undergrad pedigree was probably it. The other guy may also have built a better financial model in the time allotted or I may have missed something in mine I wouldn't otherwise given the combination of illness and fatigue. Finally, they may have just liked the other guy better. It happens.
Technically, the guy hasn't accepted yet - but I can't imagine a better job on the market at this time.
This post has been edited 2 times, most recently by phear_SC 14 months ago
In my field it doesn't really work that way. I agree with the point, and you can do it on the sponsor side, but there is a limited pool of firms that can raise $500MM - $10B a year in equity and they all, generally, do things the same way. The key is to be a guy who can go out and raise that money and, either you're born into that world via your family wealth (that's a big no for me) or you build a track record at that kind of company.
i just read that eulogy again. tears in my eyes. it really does put things in perspective.
are you in Florida now?
It is an inspiration for how to lead a life well lived.
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