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Grim Reality for Real Estate and Finance Professionals

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The recent forced buy-out of Bear Stearns by JPMorgan Chase may be a significant catalyst for displaced real estate and finance professionals. JPMorgan Chase is likely to issue extensive layoffs to former Bear Stearns staff.

The fate of Bear Stearns is that of many real estate and financial firms, a number of which have been issuing layoffs to at least a portion of their staff as a result of the credit crunch in recent months. Other financial firms in the first part of this decade have taken the approach of broadening their practices of late, focusing on other areas such as bankruptcy and repossession. They are awarding their staff with broader experience by promoting them or moving them to other, more thriving areas of the company.

So as much as specializing in one field helps individuals to get a job, broadening one’s professional abilities may help preserve one’s job in this era of poor job security and uncertainty. Many individuals have extensive experience but may be limiting themselves by representing their experience in only one arena on their resumes. Maintain one master resume with all of your experience. Keep track of all the projects you work on, and when submitting a resume to a specific firm, take bits and pieces from your master which will best represent the qualifications of the job opening. But in addition, list your other work experience, as well, even though you may not display it as prominently or as extensively as the skills you think they are looking for. Have a copy of your master resume on hand at the job interview in case they want to know more about your other work experience. Perhaps they have another job opening that you may not be aware of which would be a better fit for your education and experience.

The world will always need real estate and finance professionals, but those who are currently out of a job may want to dust off any bankruptcy or repo experience right now and consider a career shift. And here’s a little advice for those of you with jobs: hold on to them.

ResumeApple can help you draft the perfect resume for a career shift. Check out our website at for more information.
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 resumes  methods  work experience  job security  financial firms  arena  JPMorgan Chase

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