The years have passed by quickly, and I soon became a senior in college looking for employment. I had numerous friends who had worked in investment banking over the summer and returned triumphantly with full-time offers. As fall semester quickly ran past, I went to dozens of interviews, watching in despair as my fellow classmates were offered the second-round interviews and finally, an offer. Without an exaggeration, I would say close to 70% of my mathematics-economics circle were already gainfully employed, and I felt incredibly inadequate in an environment that prizes the ambitious.
January arrived, and I was unprepared to meet it. January signaled the end of the recruiting season for most large companies I wanted to enter– economic consulting firms, investment banks, equity research firms. However, after much scrutiny, I discovered another recruiting season that had just started: economics research assistants (RA). I sent off shamelessly many applications to think-tanks, top universities and economic institutions, and anything that had “STATA” in the job description. I knew a PhD could be in my future, so becoming an RA could be an incredible asset when it came time to apply to graduate school.
The year started off slow, despite my renewed resolution to apply to RA jobs. I was rejected or never heard back from UPenn, Yale, American Enterprise Institute, Columbia Business School, MIT’s J-PAL, Brookings, and the list goes on. However, the ball started rolling inexplicably in March. I received numerous interviews from the Federal Reserve— Philadelphia, Richmond, Boston, Washington DC (I did have a prior one in December at Kansas City). After a whirlwind two weeks, I am extremely grateful to say that I landed an dream offer with one of these locations and have accepted.
There is a fair bit of irony in how the world works, because this position is probably the most prestigious one I could hope for– ever. No other job I interviewed for can compete, though perhaps Goldman Sachs would be a distant second. I won my dream job after almost nine months of uncertainty, agony and grueling work applying and interviewing.
I hope by sharing my experience, others who are in the job market for the first time as a college senior, or will be in the job market soon, will find some helpful pointers. If you have any other questions, please feel free to contact me via email, or using anonymous ask.fm.
a pretty flower arrangement in the lobby of the Boston Fed.
Don’t give up. This sounds stupid, I know. Everyone will say this to you. However, rejection is hard. It is so difficult to read “We have decided to pursue other candidates” or “We did not feel you were a good fit” and not feel depressed that you are just not good enough. Let’s also be honest– very likely you will have classmates who receive the job offer instead of you and you think, “why did they get an offer? Aren’t I as qualified as they are?” In my case, I had these bad thoughts especially often since on paper, I have impressive grades. It is incredibly hard to remain optimistic and continue applying because you fear the rejection and you think that it is not worth it because you will be rejected anyway. Some of my friends have missed out on great opportunities because they got discouraged too early and decided to “focus” on school instead. Right up until March, I was applying to at least 2-3 jobs per week; in busier weeks I applied to as many as 10. Continue reading