BouncySushi

Student

How bad is the job market?

I am a '21 graduate from a Tier 1 college (old IIT) and have had short stints as product manager at a couple of startups. About a year back, I decided to startup but after a few months, realized that startup idea wasn't worth pursuing.

Researched around a few startup ideas and finally landed upon a good one in D2C space. But the problem is financing. I don't have much saving and friends / family network wouldn't be able to finance this. I really want to pursue this idea but finance is becoming a hindrance.

So started looking for job opportunities about 3 months back. I have been exploring work opportunities in product / founder office / EIR roles or other generalist role.

Job hunt process has been frustrating to say the least. Getting very few calls. In most cases, people are ghosting after couple of rounds of interview or assignment. In some cases, after getting through 2-3 rounds, I got to know that opening has been closed temporarily. Most HRs don't even have the decency to give feedback.

I don't intend to work in job for long anyway. As soon as I have the job, I plan to start working on my business idea and quit as soon as I have enough financial leeway.

How should I go about job hunt process? I have been trying to connect with folks on LinkedIn in whose company job openings are there. Apart from this, I have been connecting with founders from recently funded startups. Naukri / Instahyre and IIM Jobs are other portals I have been looking on. Anything I should do differently here?

Looking forward to hearing your suggestions / experience.

8mo ago

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SwirlyUnicorn

Stealth8mo

Just a advice:

Never do the assignment for any company.This company will ghost you every time after the assignment or will offer lower pay / lower position.

Companies just try to get ideas via the assignment

SqueakyKoala

Stealth8mo

While this is a sad reality, however its not always true. In my last 2 companies, I worked on assignment rounds. I wouldn’t have worked in these orgs and progressed ahead in my career if I refused them. That being said - do some companies do this as a bad practice? Yes. But not all. Moreover, I have also refused assignments that were either too long or just sent over email without any previous rounds.

Evaluate basis the situation whether the scope of assignment is justified and then make a decision. Don’t pass up on great opportunity just because of assignment esp when you’re entry-level. Almost all big techs / mid size / even startups do assignments- Google, Amazon- if you’re in an IC role.

Do we want this practice of free work to go away- absolutely! But until then we have to make do with what we have.

SwirlyUnicorn

Stealth8mo

I am in the product domain. I agree this might be relevant in developer role or design role.

But in product role judging on basis of assignment doesn’t make sense. I cleared 3 rounds of interview but after assignment they said we can’t offer. This has happened multiple times with other people in product roles

DizzyTaco

Zomato8mo

Explain your idea. What it actually solves. If I like the idea, I help you with the financing problem

BouncySushi

Student8mo

Please share your telegram ID. We can connect there.

SleepyBanana

Stealth8mo

Post it here. More of us could help. Don't be shy. And don't think sOmEOnE wIlL sTeAl iT. Ideas are pretty useless without execution.

ZestyKoala

Stealth8mo

Best is referral of your batchmates this works like a charm.
IIT grad have referred/got referred multiple times and I see folks around who got hired through referral.
Note referral does not guarantee selection, but it eliminate 1-2 rounds and if the management has two decide between to potentially equal candidates they will choose the one via referral

BouncySushi

Student8mo

How do you approach folks for referral? Is it to identify the companies that are currently hiring and look for people of my college?

Asking because alumni / batchmates generally don't respond if we don't know each other personally.

DerpyJellybean

Eloelo8mo

I did it for Meta and got referred (the application is still in process but receiving a referral at Meta is huge for me as well)

Look for the perfect match position (where you believe you can do it)
Tailored your resume around it mentioned keywords from JD. Make sure to include achievements as in numbers. Look for the people from the company
If you find someone who is near your potential position they will surely consider it. After accepting requests send everything in one go. Don’t wait for a hi-hello response. 1st say thanks for adding you as a connection
Request to refer you share link and code Share your little intro and why you think you’re suitable for the role.
Regards and all.

A few tips don’t send your resume in the same msg and don’t share your email id as well. Few people don’t bother to respond the right one will ask your resume.

Do this with at least 15 people you might find that 1 person. Bonus tip: always write their 1st name after hello and add sir maam as per the seniority. Good luck to you!!

WobblyRaccoon

Rakuten8mo

Most of the people have given valid suggestions.

Few tips from my side-

Don’t restrict yourself to specific role when applying if you are desperate for job. You are sure to not get selected where you don’t apply. But you have a chance to get selected if you apply. Hell my friends when searching for job applied to even sports teams for IT profile
Keep a target everyday of number applications (let’s say 10 ). This is controversial, but may motivate some in putting that extra effort in finding open positions.
See if you can connect with some recruiters . Most of my job changes have been through referral or job consultants/ recruiters.
And may be avoid putting “open to work” on LinkedIn profile (again a controversial opinion)
If you can go to some meet-ups ( alumni meet, shared interest group meets) do go for connecting. Avoid pushing very hard in these mixers for a job. Try to have a genuine conversation, might help get connected. One of my colleagues befriended a guy in bar , had a blast. At the end of the night, realised the guy was department head in a famous company. Sent him resume, got an interview call 😀