Are You in Limbo?

By, 09/14/2011

2010 was a busy year for me as a Recruiter at Fisher Investments. This was the year the financial services industry was just starting to ramp back up hiring, having been the hardest hit industry of the recession. You would think this would be the ideal time for recruiters to have their pick of the crop, and at times it did seem that way. Not as many firms were hiring, but plenty of students were still graduating college, and many of them still interested in pursuing a finance career. There were also candidates looking for an opportunity to continue their career path in finance who had been working in the industry but lost their jobs when financial firms cut back.

The shock came when I would come across a candidate who had graduated in 2009 and was content with the unemployed lifestyle they’d grown accustomed to in the down market. Here I was a recruiter knocking on their door, offering a chance to launch a career in the field they studied, yet they seemed more content living at home than putting effort into their job search. Now as a disclosure, this of course was not every candidate – just a handful. But it certainly struck me as odd, and therefore sticks out in memory.

The New York Times recently posted a story (excerpt below) about the generation I had been interacting with. The article suggests it was a generation in limbo and full of people happy to wait out their career search by taking jobs here and there with little relevance to the profession they once dreamed of entering. It was an interesting read and one I would encourage job seekers to read and then ask themselves “why?” Why do you find yourself in limbo? Is it due to a lack of jobs in your industry, or are you content in not having a career?

Building lifelong careers for our employees at Fisher Investments is something we strive for because we know how rewarding it can be to have a career you are proud of. I can’t help but wonder what would be possible if all those in limbo decided to take the plunge and really seek out a career that could fulfill them. If you are one of those – you have found a great opportunity with Fisher Investments.

“The Heldrich survey also found that the portion of graduates who described their first job as a “career” fell from 30 percent, if they graduated before the 2008 economic downturn (in 2006 and 2007), to 22 percent, if they graduated after the downturn (in 2009 and 2010).” - Generation Limbo: Waiting It Out, NYTimes.com