It’s tough right now, but if you’re seeking a new job, stay positive.
I just wanted to reassure you in case you’re looking for a new job in funds right now, it’s not you, it’s the market.
With the high interest rates over the last couple of years, we’ve naturally seen a slow down in transactions since borrowing has become prohibitively expensive. Fewer transactions means smaller fees for managers, and reduced need to hire.
This creates an impact on hiring at all levels, but the trend is magnified at the senior level, because candidates are expensive, and nobody requires someone to build a new business when there is no investment.
Please don’t fall into the victim-trap mindset… that because you’re senior/ older nobody values you. It has more to do with a high price tag and slow market than an undervalue of your worth.
Avoiding getting into a victim mindset is VERY important when you’re looking for a job! You must remain positive, and busy. Try to make the most of the time doing personal and professional projects that you may have been putting off… how long has it been since you had a good break? Use the time to think about what you really want next.
In the meantime, take up volunteer work, reach out to old contacts, learn a musical instrument, anything! Use your time wisely and keep active. Don’t think of yourself as a victim. It will not lead you anywhere worth going. You must stay positive. 🌻
Wishing you every luck 🍀
