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Re: job choice
Old 07-06-2006, 05:19 PM   #21
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Re: job choice

By the way, what are you trying to tell us with your moniker-"Semtex".

http://en.wikipedia.org/wiki/Semtex
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Re: job choice
Old 07-06-2006, 05:50 PM   #22
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Re: job choice

HaHa --

You are the first guy pointing it out
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Re: job choice
Old 07-06-2006, 06:19 PM   #23
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Re: job choice

I've seen people take a new job, find out it wasn't what they expected, and then they leave on the 91st day. Why 91 days? Because after 90 days, the headhunter gets to keep his commission (which can be 1/2 the employee's annual salary). It's a strange world.
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Re: job choice
Old 07-06-2006, 06:58 PM   #24
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Re: job choice

Congrats
Why would they hire a person without an mba if you needed one for the job? I could see where it might matter for moving up that coporate ladder.
You dont say what you make now but if you can continue to lbym ....
I dont see where it matters all that much
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Re: job choice
Old 07-06-2006, 08:01 PM   #25
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Re: job choice

Quote:
For me, the career potential is most important.
This sounds like you want the hedge fund position.
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Re: job choice
Old 07-10-2006, 03:16 PM   #26
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Re: job choice

update:

I called my agent. He was outraged. After twenty minutes explosion, he said he will not inform the company himself. He wanted me to inform the company.

Do I need call the HR or the hiring manager?

So hard to say no.



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Re: job choice
Old 07-10-2006, 03:26 PM   #27
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Re: job choice

How should I inform HR? A better opportuinity I could not pass away? or just say I could not do it?

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Re: job choice
Old 07-10-2006, 03:28 PM   #28
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Re: job choice

Quote:
Originally Posted by semtex
update:

I called my agent. He was outraged.
Translation: The agent already spent the commission.

Tell HR that something personal came up and you can't take the position. End of story. Just don't let it contradict what you told your agent.
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Re: job choice
Old 07-10-2006, 03:30 PM   #29
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Re: job choice

Reason # 874 of why I hate dealing with headhunters...
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Re: job choice
Old 07-10-2006, 07:00 PM   #30
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Re: job choice

Quote:
Originally Posted by semtex
After twenty minutes explosion,
Irony: when a guy named Semtex is complaining about someone else's short fuse.
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Re: job choice
Old 07-10-2006, 08:46 PM   #31
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Re: job choice

Semtex, you don't owe them or your agent anything. Tell them for personal reasons you had to make the decision you did. Move on. End of story. Reputation is important, but I don't think anyone could fault you for changing your mind one day after you mailed in an acceptance. In finance especially, sometimes you have to be a shark.
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Re: job choice
Old 07-10-2006, 09:00 PM   #32
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Re: job choice

Far better to change your name now than weeks hence. They can easily go back to the pool and contact their second choice.

It happens more often than you know.
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Re: job choice
Old 07-11-2006, 12:18 PM   #33
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Re: job choice

today my agent called me back and said the Ibank will match the other side offer plus 10k sign in bonus. I replied it not about the money and turned it down.

But after the conversation, I realized maybe I did sell myself cheap. I will never find it out if the second offer not pop up.
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Re: job choice
Old 07-11-2006, 12:21 PM   #34
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Re: job choice

Quote:
Originally Posted by semtex
today my agent called me back and said the Ibank will match the other side offer plus 10k sign in bonus. I replied it not about the money and turned it down.

But after the conversation, I realized maybe I did sell myself cheap. I will never find it out if the second offer not pop up.
Eh, don't let it get to you. At most hedge funds, all of the "juice" in the compensation structure is in the bonus, which they wouldn't guarantee anyway. Usually they cannot afford to put out big base salaries due to their revenue structure, so I'm not sure you would have gotten much/anything more by shaking the tree.
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Re: job choice
Old 07-11-2006, 12:35 PM   #35
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Re: job choice

I did not make it clear. What I mean is the Ibank offer, for agent asked me what the hedge fund offered me, 100k or 110k? He said the Ibank would like to match the offer with 10k sign in bonus.

If the hedge fund offer not pop up, I will start in three weeks and think I get a nice offer at IBank. So difference is 95K : 110K+10k sign in.
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Re: job choice
Old 07-11-2006, 12:43 PM   #36
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Re: job choice

Uhuh, but the offer from the hedge fund includes potentially a much bigger bonus. Not that hard to make up the pay differential very quickly at the fund if it does well.
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Re: job choice
Old 07-11-2006, 01:00 PM   #37
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Re: job choice

I always accept the first offer and assume they give me a fair treatment. But 95k : 110k +10ksignin, from my view the difference just too big. Like what I did before is a mistake.
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Re: job choice
Old 07-11-2006, 01:07 PM   #38
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Re: job choice

Quote:
Originally Posted by semtex
I always accept the first offer and assume they give me a fair treatment. But 95k : 110k +10ksignin, from my view the difference just too big. Like what I did before is a mistake.
I don't agree, since (as you said) its not really about the money. But why torture yourself? What is done is done and you have an interesting new job ahead of you that should give you lots of great and marketable experience in a new field.
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Re: job choice
Old 07-11-2006, 01:20 PM   #39
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Re: job choice

In fact I am thinking about my compensation at my current employer. I may got at least 20% higher if I gave it some push. That's a big mistake.
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Re: job choice
Old 07-11-2006, 01:48 PM   #40
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Re: job choice

I have been working at my current employer for about one year. Trading floor spreadsheet developer. Average working hours are 10.5 hour/day. Last year bonus 10% with rediculous low base
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