Would the regional CEO of a European Investment Management firm have the authority to create an entry level analyst position if he wanted to given the current times?
Assume that he has done very well relative to his peers during the crisis.
Due to recent developments, the firm will not be able to hire me, and are probably going to start laying people off very soon.
As the CEO’s a family friend, and the position was created to give me an entry point into fund management before things got so out of hand, I’m tossed.
I’m being paid to show up and do nothing, and employment in this line looks almost impossible. I feel like I’m wasting my time and the firm’s.
I feel very bad because the family friend’s already getting grilled to start downsizing and cost-cutting, and I’m a dead waste at the moment.
Would you leave?
It’s pretty clear to everyone that you’re wasting time and their money, and that it’ll be nearly impossible to get taken on for roles like these for a very long time.