Thinking about a comeback? Am I being unrealistic?
I was let go from my job in the industry two years ago, and my U5 was tarnished by my former employer’s comment stating I “did not meet performance.” Around the same time, I also filed for Chapter 13 bankruptcy, which I’m still navigating, but I will soon receive my official discharge from the court.
Despite my challenges, I still hold my FINRA licenses (SIE, Series 6, Series 63) and dedicate time each day to studying financial markets. I truly miss working in finance and the potential for a good salary it provides.
Do you think I have a chance of making a comeback despite my negative U5 and bankruptcy on my credit report?
These are the only issues on my background check.
Thank you!
One response
It’s understandable to feel anxious about making a comeback after facing setbacks like being fired and declaring bankruptcy. It’s important to remember that many people encounter challenges in their careers and still find ways to bounce back.
Here are some points to consider:
Reflect on Your Experience: Consider why you were let go and what you’ve learned from that experience. Demonstrating growth and the ability to overcome challenges can work in your favor.
Leverage Your Licenses: Having your FINRA licenses (SIE, Series 6, Series 63) means you still have relevant qualifications. Highlight these in your resume and discussions with potential employers.
Network: Reconnect with industry contacts and expand your network. Attend industry events, join relevant groups, and engage on platforms like LinkedIn. A recommendation from someone in your network can carry a lot of weight.
Be Honest About Your Past: If your U5 comes up in discussions, be prepared to explain it constructively, focusing on what you’ve learned and how you’ve changed. Transparency can build trust with potential employers.
Address the Bankruptcy: While a bankruptcy is a significant event, it doesn’t define you. Once you receive your discharge, you can focus on rebuilding your credit and presenting yourself positively.
Consider Different Roles or Companies: It might be worth looking into smaller firms or roles that are more open to hiring candidates with a less-than-perfect background.
Stay Informed: Continuing to read and educate yourself about financial markets is a great way to keep your knowledge fresh. Consider seeking further certifications or courses to enhance your skills.
Stay Positive: A positive mindset is crucial. Many people have successfully made comebacks after hardships, so know that while there may be challenges, it’s definitely possible to find opportunities again.
Ultimately, persistence and a proactive approach can help you turn things around. Best of luck on your journey back into finance!