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My career is starting off bad. What do I do?

Beingjbot

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So i've posted on this forum a bunch of times asking for advice and the advice I have received has been very good so far. I am stuck in a dilemma which regarding my employment which I don't know what to do about. So i graduated this October from York University in Canada and got a job right away working for this chartered airline company doing financial analysis which I studied in school to do. I studied accounting. However, this company is going downhill fast. The company is not doing well at all so they are doing serious cost cutting and the such. My boss is a couple years older than me and a CA and he is looking for another job as he feels his skills are not valuable here and there is to much politics at this organization which there is. So my problem is that once my boss leaves, who I am really good friends with, I won't have anyone else at the company to be friends with as I will be the youngest. As well the CEO keeps saying to my boss that I am under-utilized which I don't know what that means but I am thinking once my boss leaves that they will fire me as they believe I am not needed. As well they promised to pay for my testing for the CMA designation but I doubt they will now.
What should I do? When my boss leaves should I just wait till they fire me or start looking for a job right away? My resume will look like shit since I haven't worked a year here and it is hard to find a job with such a little network , subpar GPA and subpar school. My career is starting off like shit.

Could Lord Barrington also chip in some advice about this situation? Ive read most of the threads on this sub-forum and he gives really sound advice.

Thanks for all the help guys.
 
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Concordia

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Perhaps when there is only one person in your office instead of two, you won't be under-utilized. If things do indeed get worse, you might end up learning a lot by keeping track of it all.

But there's no harm in seeing what else is out there. If they do fire you, you'll be ahead of the game. If they don't, you'll have some options and can ask the CEO just what the deal is going to be. As long as you've got a decent reference for what you've done to date, nobody is going to blame you after you've left a company that is cutting costs and maybe going into a death spiral.
 
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awhitelie

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I'm in my third job in three years after graduating. I'm in tech/advertising so rapid turnover is fairly normal, but there's absolutely no shame in not having had a full year at your first gig. If the company is on the serious decline, then you should absolutely be looking around now and sending your resume out with well-crafted cover letters whenever you feel there's an open position with potential. Someone once told me that there should always be a copy of your resume on someone's desk, somewhere. It's a much better alternative than getting stuck in a bad position if something goes awry where you currently are. When you do land an interview with a place that shows promise (stick it out long enough and you will), there's a delicate balance between remaining tactful about your current/previous employment (don't ever bash the place), and politely explaining that you did not feel the fit was right and you are looking for a greater challenge, or whatever specific and positive reasons you have for pursuing the company whose hiring manager you're sitting in front of.

tl;dr

1.) Look around. Send your resume far and wide. Never hurts.
2.) If someone asks, spin your reason for departure into enthusiasm and the belief that you could contribute more and be more fulfilled at a position with the group you're interviewing with. (Note: only apply/interview at places where this could potentially be true-- misery isn't worth the pay, no matter what field you're in.)
 

ballmouse

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Start looking for jobs now. A lot of finance graduates are going to start this fall and after that period, there won't be as many openings for entry level candidates.
 

JayJay

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You need to be proactive. Start looking, aggressively.
 

CodPiece

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I agree with the posters above, get that CV out there and aggressively look for a better job.

BUT:
You can gain an awful lot of valuable experience and learn a great deal at a failing company.
Think about it. You'll see firsthand the effects of cost-cutting measures, watch execs make decisions under pressure and see how the results play out.

Normally, you'll be asked to step up (read: be abused and driven like a draft horse all the way to the glue house) and get an increased workload that leads to more professional experience. Bankruptcy? There are many lucrative consultancy careers made on that experience.

Rather than think of this as a crappy situation, try to look at the hidden opportunities and play them for all they are worth. As you look for another job, ride this thing down and make sure that you're picking up and documenting projects that help you move forward in your career.
 
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Perhaps when there is only one person in your office instead of two, you won't be under-utilized.
That was what I thought as well
 
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newinny

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my career is starting off bad ==> my career is starting off badly / poorly
 

Douglas

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Yikes, good luck. Do not seek a career where writing is a requirement.
 
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