Meeting with hiring manager

Riverpineapple

Hi,

I have 1.5 years experience in the financial services industry.
I recently had two rounds of interviews with a US based finacial institution in the IFSC. The position was associate 1 in a pricing team.

Read these emails I got and see what you make of it. I'm confused why they offered this position to someone else and want me to go for a more senior role, associate 2 in a different team. I don't have more than 1 year's experience in any one job. What's the difference between a meeting and an interview with a hiring manager?

Here's first email.

Dear xxxxxx

Thank you for attending 2nd interview last week.

Having re reviewed you application we would like to invite you in for another meeting for the below role - please see below link. Please scroll through the roles and review the Senior Trading Liaison, Associate 2 role.

Can you please confirm if this would be of interest to you? If this works, owuld you be free to come in to meet with the hiring manager on Monday of next week.

I look forward to hearing from you.

Kind regards

xxx

Then I replied saying I like it but would prefer the original position.

Then I got the email below.

Hi xxxxxx

Thank you for your reply.

We have offered to another candidate that it was felt was more aligned to the role for the pricing role however would be very much interested in speaking to you on this role.

If still interested, can you confirm time sthat would work for you on Monday please?

Many thanks


xxxxx

Sleepy

Don't know much about your industry but have you 100% of the skillset and experience required for position 1? Companies often prefer to place people in a position where they still have something to learn - it tends to reduce staff turnover if your staff are progressing with their career rather than just stagnating in it...

MagicMarker

Is that a direct copy/past of the emails? Not exactly a shining example of communication, you'd think they'd read the emails before pressing send!

Riverpineapple

Sleepy wrote: »

Don't know much about your industry but have you 100% of the skillset and experience required for position 1? Companies often prefer to place people in a position where they still have something to learn - it tends to reduce staff turnover if your staff are progressing with their career rather than just stagnating in it...

Well the first position would be entry level, I have no experience in that particular position so I would definetly have something to learn.

I kind of feel a bit intimidated by the other position as it seems to be a bit out of my depth.

mikemac

The first job is entry level. And until the downturn these jobs had massive turnover, maybe 50% of staff would be gone within a year. That doesn't happen so much anymore but it's still there.

With one years experience you could walk into a more senior job.
And you have 1.5 years experience and this is what they are offering you. You have too much experience for the first job and they reckon you'll walk if you take it

Given the choice between pricing and Trading Liason (fancy name for shareholder services), I'd go for the second job.
In one year you could be a team leader

I know of only one company in the IFSC that has job titles with 1 or 2 in them.
I'd say I know who the job is for. IFS? A good employer, go for it!

Riverpineapple

mikemac wrote: »

The first job is entry level. And until the downturn these jobs had massive turnover, maybe 50% of staff would be gone within a year. That doesn't happen so much anymore but it's still there.

With one years experience you could walk into a more senior job.
And you have 1.5 years experience and this is what they are offering you. You have too much experience for the first job and they reckon you'll walk if you take it

Given the choice between pricing and Trading Liason (fancy name for shareholder services), I'd go for the second job.
In one year you could be a team leader

I know of only one company in the IFSC that has job titles with 1 or 2 in them.
I'd say I know who the job is for. IFS? A good employer, go for it!

Thanks for the advice, do you have any more info on the trading liason position that could benefit me when I meet with the hiring manager?

After the first email they sent me I said I would be interested in the more senior role but my preference would be the pricing role. I said I would be happy to go for the Trading liason role if I were not offered the pricing role. Then they sent me the email above saying they already offered the pricing role to someone else.

Another thing, what sort of salary do you reckon I should look for?

mikemac

With one and half years experience you are above the entry level role
Go for the second job man
Maybe they don't have a senior role in pricing available.

For your second job you'll be on the phone a lot
And sending hundreds of emails a day. So I hope your emails are better then that person in HR who is contacting you!
You would not be doing this in pricing

At least in the second job you'll be dealing with everyone, your fund managers and on the other side investors and their custodians.
Making contacts, dealing with new people every day and getting new stuff. Communication skills is what the hiring manager wants as well as the usual other qualities

Do you realy want an entry level role in pricing where you get a spreadsheet of funds and you have to enter NAV prices?

Maybe, I know what I'd do.

Salary? Dunno, maybe 28k? I don't know what the going rate is these days, it's not far off that anyway
Edit, if you're senior I'd make that closer to 31-32k. But you might not get this but try anyway

scanlas

I went to that interview today. The two hiring managers went to the wrong building so I was interviewed by phone on loudspeaker. Thought that was quite strange.

TelePaul

scanlas wrote: »

I went to that interview today. The two hiring managers went to the wrong building so I was interviewed by phone on loudspeaker. Thought that was quite strange.

Man that sounds very sloppy indeed.

MrMatisse

Must be state street that your interview is with!

So sloppy.

Keep looking! only take this if you really have to. ( not easy not too these days)