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@Philadelphia

Not a big deal. Even the CEO was laid off, you don't need to feel bad. Statistics tells us: ppl in North America, on average, switch four jobs before retiring (either being laid off or jumping ship).

wanglaojiu(老子天下第一 -----QB)
No worry, just be well prepared for the next three. :)

In terms of future career:

1. I believe you have no problem in landing a new job in Canadian financial institutions although it's now the year end and everything slows down. If you are member of Toronto CFA Society, you may find some job postings and contacting info of job agents in the field.


2. You may also want to take a look at Asian markets. Economies over there are not as desperate as in NA, some sectors are actually expanding slowly. You may try SouthChinaMoringPost's career website (http://www.classifiedpost.com/jshome_landings.php) for postings.

3. It's indeed a good time to do MBA now. If you haven't written your GMAT yet, perhaps you could only catch up the last round application deadline of those top programs in US or Europe, which normally send out most of the offers by round two. However, you should have no problem catching up the deadline of Ivey or Rotman.

Good luck! Any question, feel free to drop a line.
(#1651@52)
Last Updated: 2008-12-12
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Replies, comments and Discussions:

  • 整个部门被裁掉，人生更加完整了。。。 -purelakewater(Lake); 2008-12-10 {1209} (#1616@52)
    本文发表在 rolia.net 枫下论坛整个经历充满戏剧色彩。写了几次，却是开了头，回味半天，不在写的状态。 那就以后想写了再写吧。
    大家有好的 agency / websites 能告知我吗？谢啦！

    Here's the press report:

    "Citi shuts down Canadian investment bank

    Citigroup is opting to cover corporate Canada from New York, giving notice to its entire staff of 12 investment bankers in Toronto this week.

    Citigroup is in the midst of a wrenching global restructuring that will see 50,000 jobs lost. Part of the strategic shift will see the bank move primary coverage of Canadian companies to its Toronto-based corporate lending group, backed by U.S. investment bankers on corporate finance, and merger and acquisition work.

    Those departing by mid-December include president and CEO Robert Gemmell, a pioneer in high-yield financings for domestic companies, and chairman Stanley Hartt, one of the country's true Renaissance men.

    Citigroup spokeswoman Andrea Hurst said that "Citi continues to be committed to the Canadian market and to our clients through our seamless local coverage and global expertise."

    Citigroup was a lead lender on the BCE buyout, and avoids a substantial writedown on those loans if the takeover fails to close. "更多精彩文章及讨论，请光临枫下论坛 rolia.net
    • Buddy, take a break and move on. This was what I told myself when I was laid off many years ago. Life goes on. -buickregal(Motion - MoveOnFast); 2008-12-10 (#1617@52)
    • no big deal, cheer up and move on! 就当是给自己一个短暂的break，明年将会有一个全新的开始。:) -specialday(Joyce); 2008-12-10 (#1618@52)
    • Thought you have disappeared for a while. Good luck for the upcoming year! -jinx99(ABCP); 2008-12-10 (#1619@52)
    • hug~~~ 如果有积蓄,那就好好地放个假,做一些平时一直想做但是没有空做的事情,你的背景那么强,找新工作肯定没有问题的;如果和我一样是穷光蛋,那么衷心祝愿你找新工作的进程迅速,顺利... :) -appleclassical(那么近，那么远。。); 2008-12-10 (#1621@52)
    • take it easy. always hope the best and prepare for the worst. You will be fine..... -baisuzhen(livingw/imperfection); 2008-12-10 (#1622@52)
    • I was told "the thing does not kill you, makes your stronger." Enough said... -zuluking(Pursuit of Happyness); 2008-12-10 (#1623@52)
      • Howdy -buickregal(Motion - MoveOnFast); 2008-12-10 (#1624@52)
    • Perfect time for a rest, just enjoy the holiday and then move on. that's why ppls call us "experienced pro..." A termination is also another start. -hakama(Ippon); 2008-12-11 (#1634@52)
    • 也没什么不好， 经历了， 人会变得更成熟， it's part of the life, part of the learning process... -mayzi2005(梅子绿茶); 2008-12-12 (#1650@52)
    • Not a big deal. Even the CEO was laid off, you don't need to feel bad. Statistics tells us: ppl in North America, on average, switch four jobs before retiring (either being laid off or jumping ship). -wanglaojiu(老子天下第一 -----QB); 2008-12-12 {1011} (#1651@52)
      No worry, just be well prepared for the next three. :)

      In terms of future career:

      1. I believe you have no problem in landing a new job in Canadian financial institutions although it's now the year end and everything slows down. If you are member of Toronto CFA Society, you may find some job postings and contacting info of job agents in the field.


      2. You may also want to take a look at Asian markets. Economies over there are not as desperate as in NA, some sectors are actually expanding slowly. You may try SouthChinaMoringPost's career website (http://www.classifiedpost.com/jshome_landings.php) for postings.

      3. It's indeed a good time to do MBA now. If you haven't written your GMAT yet, perhaps you could only catch up the last round application deadline of those top programs in US or Europe, which normally send out most of the offers by round two. However, you should have no problem catching up the deadline of Ivey or Rotman.

      Good luck! Any question, feel free to drop a line.

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