I'm happy for those who find a better opportunity and leave this, but honestly, it makes me very depressed that I can't get anything better myself. I believe less and less that I will succeed at get a better opportunity, at least not before the market conditions improve. But when can we expect that to happen, any thoughts?
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This market is only brutal for tech employees with no skills. We’re in one of the hottest tech markets since the 1990s. If you’re in tech and can’t jump you likely need to skill up.
I left after 11 years. I enjoyed my last job and I was lucky to have good managers most of my career here. Most years I got Exceeds and I usually got a bigger share of the bonuses. But I was still underpaid and I kept kicking the can down the road in hopes that I'd get that big boost one day.
I tried looking in 2019 but I got virtually no responses. I was so afraid I pigeon-holed myself into a very specific role that would only work at BNYM*. 2020-2021 were great years here, but early 2022 I got a really bad manager who came from BBH and I saw the writing on the wall early.
I paid for a resume writer and aggressively looked during the spring. By August, I found a role at a different company, ALSO in banking, but with a very different set of skills and knowledge set I can obtain. It was the right decision and a huge confidence boost. It was a steep learning curve at my new job, but worth it at this point.
*This is a real situation and fear. I've known colleagues who were let go after 25 years only to land a job later at BNYM at a lower level or contractor role. Then they get let go again in a few years. They just couldn't find an outside opportunity and I think it's because they pigeon-holed themselves to the extreme. That's a legit fear I had and while don't mean to scare anyone, consider it a warning to NOT wait around at BNY Mellon. It's not worth it in the long run.
Congratulations to you and hopefully people will read your post and gain inspiration from it. You have set a great example of a personal work ethic and the inevitable rewards that it brings.
I wish that this site would pin your post to the top of every page.
That’s simply just not so… there is no season on hiring. Channel the negative attitude into a positive job search. Network and let people know that you’re looking. Research prospects so that you’re on top of their companies and demonstrate your research with a great interview. Research two companies every week and apply. You’ll find a job making far more than you make now. Identify and knock down the psychological barriers that are holding you back. It honestly is one of the best times ever to conduct a job search.
Good luck to you if you start looking!
Why the heck would you focus on a job outside of the state? Was there any actual reason? Is it a particular region that you would enjoy living there?
@OP the jobs market is red hot and lots of opportunities. Companies paying top dollar because so many people got used to COVID checks and don’t want to work. U employment rate is very low. Anybody that wants a job can get a good one. This is the best time to be job seeking in 30 - 40 years.
The tech market is on fire. Anyone with solid skill sets can jump and find a job quickly. Lowest unemployment for tech in decades if you have skills.
Don’t let fear of the unknown hold you back.
I was offered a job outside of the state in November 2021. You have to look outside your state. Just do research on the company to make sure they are legit.
@2adm, perhaps the tech INDUSTRY market is brutal, but unemployment for actual tech workers is pretty low at 2.3%. You're confusing tech companies getting rid of marketing or customer service employees and maybe canceling a couple tech projects that cut a few tech workers.
Whatever you do, don't give up. If you do then it really is over, and you will be a lifer at BNYM or until they let you go.
I'm a tech worker, and knew I wanted to leave in 2013. I had a big issue though in that I worked on a very specialized vendor package that had very little relevance to other companies, even banks. So, I didn't have the skills of a typical tech worker, and that wasn't a good thing.
I lost count of how many jobs I applied for, but I think it might have been around 100. I got a total of 3 interviews. Yikes!
I finally got an offer from a great company in 2017, and it has been fantastic for me. I make more money, have a much better work/life balance and my career has taken off.
Just like Sam Mills used to say, Keep Pounding! Don't give up. You only have to win once to get what you want.
This market is brutal for tech employees.
It’s the summer time. Most companies don’t hire until Aug/September. I read though almost every bank will be going through anothef set of layoffs in June so very soon.
You want market conditions to improve beyond 3.7% unemployment???
Perhaps you just need to expand your search beyond financial companies. most companies have plenty of jobs to utilize finance skills.
Just keep applying and BELIEVE in yourself. And remember, do not let money be a factor. You like many, are vastly unhappy. That is priority one- feeling good and feeling like you belong to a good organization.
The market conditions have improved. Lots of hiring. Very good time to be in a job search… good luck!
Hang in there Robin!
Spending almost 11.5 years here in BNY Mellon the only response I am getting is I have spent a lot of time in BONYM that I am too experienced for this job I have applied. I regret I could have left the Bank after 3-5 years and not wait until market conditions improve. I have attended several interviews but now it's been almost 11 years of no sign of success in my career. My only wish is to leave this Toxic workplace as early as possible.