Sticky situation with job search...the Street is a SMALL WORLD

Hi guys, for context, I work at a very small 3 man "ECM" shop (really just two stockbroker/private wealth guys running around trying to raise a couple million $ for microcaps) in Australia. The scene is VERY small, especially here in Australia...my two bosses come from a stockbroking background and have worked/know guys at the mid-market brokers (e.g. Ord Minnett, Bell Potter, ELC Baillieu, Canaccord, Morgans, Wilsons, Shaw and Partners, Evans and Partners, etc.).


I have wanted to transition to equity research at a mid-market broker, so have reached out to my own network. One of the guys in my network kindly connected me with a senior research analyst (call him ABC) at one of these brokers. We had a coffee chat about two-three weeks ago and got to know each other, no role was on offer but he is keen to keep in contact and learn more about my work product/work style before trying to pitch his boss to hire me (he does need help as his associate left, but deal activity in his sector is down so the firm is not actively recruiting at this time).


Fast forward to today, my boss is good friends with a research analyst (call him XYZ) who happens to be a colleague of ABC (same firm, same title/rank). My boss is trying to organise some sort of 'hybrid role' where I would work part time with XYZ when deal flow is weak and then back with my current firm when they need me -- whole process is weird to be honest and I don't like it personally, but basically they are having cash flow problems with my wages and need XYZ/XYZ's firm to share that load when I go work for them. XYZ and I will be meeting later this week in ABC/XYZ's office, where I will probably bump into ABC.


So my question is, should I message ABC to let him know that my boss has put me in touch with XYZ and that I might run into him in the office? Or should I keep hush about it and let the cards fall as they may?


My logic is that regardless of whether I mention it to ABC, both these guys will eventually learn from each other that I am looking to leave my current firm and do research full time, which will probably make it's way back to my boss, so that part seems near inevitable. I personally think I should tell ABC because I don't want any blowback to the guy from my network who introduced me initially to ABC, which seems to be the only thing I can control/avoid now.


Keen to hear if anyone has been in this situation, and how to navigate it.

 

Et voluptas vel provident quia. Totam laboriosam sit beatae autem voluptatem est accusantium aliquid. Totam est odio laboriosam aut.

Perferendis quisquam facilis rerum et repellendus. Debitis quibusdam fuga labore. Labore non eaque at. Sed quibusdam officiis quis ipsam in deleniti.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”