22yo, recently laid off from first post-college job. What to do now?

paulprince3730 said:
50k is good capital for something small

that guy from chicago that posts in the WDYWT thread a lot said he and his people started their boutique with 10k altogether

not sayin op should open a boutique, but my point is he has enough capital to start his own venture

after he does heavy research and finds the niche he wants to get into
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whats the link to this thread? Who is this niketalker/chicagoan? Tell him i'll put in work...
 
OP 50K is an awesome amount to have. Although I hope you manage to get even more in the future. Can never have enough money.

I'd say just keep looking for open positiions, talking to EVERYBODY. Maybe look into investing some of that money.

I know a kid who was pulling in something like 120K a year at the age of 16. Dude is older now and I can only imagine how much more he is making.

best I was ever at was like 5K sitting in my account. :smh:

We'll all get there fambs. :pimp:
 
3 pages deep and nobody had the inkling to ask OP why he got let go from his job? I'm more than slightly curious.

And if you were savvy enough to land a PAID internship in finance in NYC then you're more than capable of traversing the finance industry and find a job on your own right now.

You come to Niketalk of all places for help? *scratches head*
 
Ricardo Malta said:
3 pages deep and nobody had the inkling to ask OP why he got let go from his job? I'm more than slightly curious.

And if you were savvy enough to land a PAID internship in finance in NYC then you're more than capable of traversing the finance industry and find a job on your own right now.

You come to Niketalk of all places for help? *scratches head*
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Firm did a round of downsizing.
 
Went on an interview last week, got told I was too overqualified. I went on another yesterday, got told I was too overqualified. I gave them reasons why I'm perfect for the role, but they wouldn't budge.

I don't understand it as I'm still relatively fresh out of college. It's frustrating and a waste of my time. Why did they even bother to bring me in for the interviews?

Any advice/tips on how I can improve on this? Thanks, fam.
 
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^ you gotta be trolling at this point... but i'll entertain it anyway. CMON son, multiple employers have told you that you're overqualified. what does that tell you? apply to some higher level jobs.

how is this dude coming at us with some bourgeoisie *** problems? :lol:
 
solelistikn1ke1ne said:
^ you gotta be trolling at this point... but i'll entertain it anyway. CMON son, multiple employers have told you that you're overqualified. what does that tell you? apply to some higher level jobs.

how is this dude coming at us with some bourgeoisie *** problems?
laugh.gif
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No, I'm not trying to troll. I've never been through this before, so I'm honestly confused. I've also been applying to higher level jobs.

Couldn't they have just not called me in to interview?
 
26, Paid for school/rent on my own. I have 50k... in DEBT.

Partial scholarship for my first degree. Worked full time while getting my second degree.

Pushing around a ford focus that was paid for by me. 1987 Volvo before that, all me. 

Doing better than 90% of your peers your age.

50k saved up at 22 with no debt, done with school, OVER-qualified in NYC..

You'll be okay fam...
 
Sorry to hear that you got laid off.

The first thing you should do is get yourself a job where there is very minimal responsibility to hold you over for the interim.

Keep applying to jobs of your field as well.

Network! LinkedIn helps and go back to your career center at your school.

If you can't find anything, do some volunteer work.
 
damn, OP. you got a good head on your shoulders, wish I had your hustle after graduating.

but if I was you, like mentioned, would be to travel somewhere. clear your head, plan some stuff and come back full steam.
 
Slighted said:
NT fam has been extremely helpful to me many times before.

SparkNotes:
- 22yo, live near NYC with family, no student loans/debt, ~$50k saved up
- Got laid off a month ago from my first job out of college ($60k finance job) due to firm reducing headcount
- I have previous multiple finance internships (interned during college) + currently doing unpaid work for a small Private Equity firm + willing to do internships at this point
- More than happy to PM my resume to NT fam who don't mind taking a look and offering criticism
- Game plan so far: talking to recruiters/homies/connections, applying everywhere (in other fields too), cold-calling/emailing

Just wanted to get NT's insight on navigating unemployment + what I should be doing extra moving forward.

Thanks in advance. Much appreciated.
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What's up man, PM me your resume if you'd like or let me know me know what kind of finance you did...I was in finance out of school and hated it and switched over to advertising and now love it. Still am in contact with people in the industry.
 
Slighted said:
Went on an interview last week, got told I was too overqualified. I went on another yesterday, got told I was too overqualified. I gave them reasons why I'm perfect for the role, but they wouldn't budge.

I don't understand it as I'm still relatively fresh out of college. It's frustrating and a waste of my time. Why did they even bother to bring me in for the interviews?

Any advice/tips on how I can improve on this? Thanks, fam.
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You have money saved up, you live at home at this point I'd look for the right job. You have the summer coming up, enjoy it! most employers don't hire now anyway.
 
I seriously doubt you'll get worthwhile idea's in here because anyone with good ones will keep them to themselves.  Like it or not life is a competition.
 
50k is great but it is definitely doable with his background/experience. I'm sure his bank gave him a $10k sign on bonus and he probably made $10k + a summer interning. You also have to think about saving tax refunds and earning solid investment returns on his savings.

Cold call/cold email every boutique possible. Be open minded and consider corporate finance, risk, government jobs if you aren't finding too many bites. Also, look for job fairs in nyc or networking events in finance. Make sure to spend some time doing these things in a coffee shop like Starbucks. Starbucks is truly a gold mine for networking if you find a good location.

The key is don't get discouraged because I have a lot of friends that have bulge bracket investment banking internships, extracurriculars and did well at prestigious schools and finding a job still wasn't a cake walk. I think I submitted over 150 applications for various finance jobs this year. Just keep chugging along and you will end up right where you want to be...or at least somewhere you may grow to like.
 
I'm 23 years old and about to graduate UCSB with about 1/5 of the savings you have. I keep interviewing for jobs as well but its a competitive market in any job situation whether you are over qualified or under. (I'm personally looking at sales, sociology BA with no real other options). What I keep telling myself is getting my a degree is a great way insure that i'm not going to be POOR. Living like a movie star? No, maybe not right away, but your degree gives you a great chance at never experiencing poverty again. That alone should be motivation to just relax for the moment and enjoy life. You will be working again, whether it takes 8 weeks to find a job or 8 months, don't worry about it and keep your head up.

And this might not be good advice depending on who you talk to, but take some of that savings, whether its 500 or 5000 and do something you truly enjoy and get your mind off everything. Whether its traveling for a bit (maybe finding a job in a different state or country?) or buying something you've always wanted. Have some fun, we're both young and have a lot of work ahead of us.
 
Y0nGsTA said:
I'm 23 years old and about to graduate UCSB with about 1/5 of the savings you have. I keep interviewing for jobs as well but its a competitive market in any job situation whether you are over qualified or under. (I'm personally looking at sales, sociology BA with no real other options). What I keep telling myself is getting my a degree is a great way insure that i'm not going to be POOR. Living like a movie star? No, maybe not right away, but your degree gives you a great chance at never experiencing poverty again. That alone should be motivation to just relax for the moment and enjoy life. You will be working again, whether it takes 8 weeks to find a job or 8 months, don't worry about it and keep your head up.

And this might not be good advice depending on who you talk to, but take some of that savings, whether its 500 or 5000 and do something you truly enjoy and get your mind off everything. Whether its traveling for a bit (maybe finding a job in a different state or country?) or buying something you've always wanted. Have some fun, we're both young and have a lot of work ahead of us.
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That last paragraph is spot on. Go on a mini vacay. Clear your mind a bit and refresh your energy.
 
Just started a temporary role with a former boss that'll end in late July.

Thanks for all the encouragement, NT fam.
 
You can find a job in NYC easily., I guess it depends what level your looking at job wise. I believe it and you will be fine.
 
PM me your resume and I'll be glad to take a look at it. I'm an associate at one of the top 3 major PE firms. I know some guys in boutique PE firms looking for junior level analysts right now.
 
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Young ***** move that dope.

Naw, but on the real. It sounds like you're solid and headed in the right direction bro. Just keep pushing them applications and I hope you get blessed with a new situation.

Good luck
 
Apply for that unemployment and enjoy your money. I know when I was 22 I got laid off and got $1000 every other week.
 
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