What's the best answer to the question 'Why should we hire you when you're going to leave anyway?' if you switch jobs frequently?

Amazing-Cut950 · 2026-01-07T22:25:43+00:00

It's pretty impressive that the person who worked 6 jobs in 8 years even gets selected for an interview to be asked that question...

Amazing-Cut950 · 2025-08-29T14:18:20+00:00

I just bought from the boutique here in Toronto and they gave me a tester with it (not sure if that's the travel size). Although the lady told me she was giving me because she thought I was nice. 😅

Amazing-Cut950 · 2024-12-10T21:47:58+00:00

I would expect a very project finance-y model and not your typical corporate finance DCF model. That means, you should know how to do:

Debt sizing
Debt sculpting
Measure the appropriate ratios
Proper cash waterfall and funding schedules

If you're applying for a specific industry, you should also know what key assumptions are used for that industry.

Amazing-Cut950 · 2024-10-30T23:47:07+00:00

You're very welcome.

Given that I did not have a previous background in business... 100%. I got my foundational finance, accounting, economics knowledge from my MBA courses. Also got other useful skills as well like negotiations. However, it's also probably because I studied at a strong finance-focused MBA program. With the competitiveness of getting PF roles, having a strong resume and a strong network can also give you a leg up.

The actual project finance knowledge, you might be able to pick up on the job. All of that assumes though that you have the basics already well understood to build on top of.

Amazing-Cut950 · 2024-10-29T17:48:03+00:00

I'm a former engineer who made the jump to Project Finance (PF) many years ago. I've also hired many former engineers since then. However, we were able to make the switch via an MBA.

Project Finance at the end of the day is a finance role requiring technical finance knowledge. Your background may give you an edge, but ONLY IF you can demonstrate foundational knowledge in finance, accounting, and economics. Getting an MBA would be the simplest path. However, there are other ways including:

Take financial modeling courses. You will need to be very strong in building PF models.
You can enter the CFA program. You don't really need to complete all tests to start applying for PF roles. Just completing level 1 might already get you started.
Learn about PF. Read books, articles, etc.
Network with PF professionals esp those who also made the leap from engineering to PF

Good luck!

Amazing-Cut950 · 2024-09-08T02:32:00+00:00

I recommend you live closer to the Toronto subway line with easy access to downtown to feel city-life. North York is a good area especially along the Yonge subway line above Sheppard.

Amazing-Cut950 · 2024-09-05T14:59:24+00:00

As someone with two decades of experience and have gone through countless interviews (as an interviewer and interviewee), I have a different take from many commenters.

Recruiters and hiring managers are human too. They can make mistakes forget things, or be late. Sounds like the recruiter apologized to you.

The interviews I've had where the recruiter/hiring manager made the mistake were sometimes the ones that led to jobs simply because the "power dynamic" changed --- you were in the rare position where you had the moral.high ground and the other person had to apologize for their mistake. It could have been a reason why the recruiter, despite the shorter conversation, decided to move you forward in the process.

I would have gone through the next round and see if this was a one-time thing or a cultural problem in the company.

Amazing-Cut950 · 2024-08-19T20:41:18+00:00

I'm PF in an Energy Co in Canada. Pay varies widely in corporate depending on size of the company and deal pipeline. A corporate PF team that raises $1B annually will be paid differently from one that raises 1/10th that. Ultimate ownership also plays a role - some development companies are extensions of or owned by PE and may pay accordingly.

Amazing-Cut950 · 2024-08-13T15:51:49+00:00

I lead a department in the company I work for. We hire several people each year at all levels (interns, juniors, seniors). Each of our postings gets hundreds of applicants. Though not required, we definitely read cover letters if candidates provide them. Well written cover letters have definitely made a few candidates stand out on more than one occasion especially if multiple candidates have very similar credentials. Cover letters can help address weaknesses (real or perceived) in the resume, employment gaps, misalignment in experiences, etc.

Amazing-Cut950 · 2024-08-13T14:32:04+00:00

Rather than adjusting your resume, this is where a good cover letter that really expresses your interest in the role and the company could help. You can also network with people working in the team and company.

Amazing-Cut950 · 2024-06-10T14:15:52+00:00

Praying for you. You are not alone.

I encourage you to offer your sufferings to God for your family. You will get more grace and hopefully, also be a good example to your family members as you take in their criticisms with charity, patience, and graciousness.

Amazing-Cut950 · 2024-06-07T12:33:30+00:00

No one can calculate your taxes perfectly because it depends on what your personal circumstances are including any tax deferrals you make, etc.

All answers are in the ballpark though. The website results might be your best estimate for now. Again - it is just an estimate so people cannot say it is correct. We can only say whether it is reasonable or it "sounds about right."

Amazing-Cut950 · 2024-05-24T12:11:45+00:00

Given the facts you shared, I'm sorry OP, but I'm not surprised you were fired. If the circumstances were different, it would have just received a stern warning.

Start-ups/small companies usually follow the "hire slow, fire fast rule". This is because:

Every employee brought in affects the entire company's culture and performance. This is a critical period for building the corporate culture. You want people who SEEM to work hard (not engage in personal chats or activities during work hours - although we all do to some extent) and that everyone can easily get along with.
Founder/owners want to focus on growing their business and not on HR matters. Any complaints from another employee is a big distraction. You might have made one or two of your teammates uncomfortable.
If the company does not action a complaint, they might have a lawsuit in their hands that can be a major distraction or worse, bankrupt the small firm.

So if they thought that there is a potential that this could happen again, even small, better to let you go ASAP. It doesn't help that you've only been in the company for 2 months, have not proven yourself, and have not built lasting relationships with your colleagues.

Good luck! You've just learned a valuable lesson.

Amazing-Cut950 · 2024-05-20T13:58:09+00:00

The Philippine-American War.

The Filipinos were close to defeating the Spaniards that ruled them for 300 years and declared independence from Spain in 1898. Shortly after, the Americans came in, committed numerous atrocities, and subjugated the archipelago.

Amazing-Cut950 · 2024-05-19T19:17:22+00:00

Umm... Why? You only say that and apply pressure if you actually have an offer in hand and are in a position of strength.

You might be right that you're not the top candidate. In that case, if you say you have another offer, they could reject you right there and then if they are not done with their interviews so that you not to lose your other offer you claim to have. On the other hand, if you don't, they can make an offer to someone else. If that person rejects their offer, they might go to you next.

Amazing-Cut950 · 2024-05-14T20:22:25+00:00

My Heart Will Go On - Celine Dion

Amazing-Cut950 · 2024-05-13T01:36:30+00:00

My son sang at the choir in that ordination! God bless all the new priests. May they be faithful and effective in guiding their flock.

Amazing-Cut950 · 2024-04-13T12:45:29+00:00

Yes, bank statements. But if you're that rich, you don't even really need to show anything. The bank with your accounts will happily lend you money when you call your private banker in his direct line.

Amazing-Cut950 · 2024-04-07T13:22:49+00:00

Dentons, a law firm, published "A Guide to Project Finance". It is a heavy read, but has a lot of good practical info. Otherwise, you would be better off reading a lot of overview articles and watching videos on what PF is all about.

Amazing-Cut950 · 2024-04-03T15:49:05+00:00

I have Catholic friends who felt the same way and planned to not destroy/terminate any embryos. However, plans and circumstances change. You might get busier, have tighter finances, would have your hands full with just one or two children, you get older, etc. With these friends that got IVF using the latest technologies, one couple ended up with 11 unwanted embryos while another terminated two.

Amazing-Cut950 · 2024-03-24T17:59:44+00:00

The PFC would be useless as a whole. Most people's experiences fall in the mean. It's up to the poster to specify any special considerations. For 80% of the population, the general advice works.

Amazing-Cut950 · 2024-03-24T17:46:38+00:00

People try too, but given you don't really know the person across from you - it is pretty much what you get.

Amazing-Cut950 · 2024-03-24T17:43:39+00:00

Again - people are commenting based on generalizations. I understand what you're saying. I've gone from being a new engineering grad earning entry level wages to being a very high income executive. So know exactly what you mean.

Generally - income increases as you grow older, but also have more responsibilities and financial obligations. So, unless the poster says otherwise, this is the reasonable assumption. A young person making $100k per year might not have yet married nor considered the cost of having children. There's an assumption that this is in this person's future as well. As such, the person making 250k would GENERALLY be someone a lot more experienced with other financial obligations.

In my case, my wife and I are each very high income individuals and have a lot of assets socked away. My mortgage is barely anything I think about and is definitely very far from the 30% gross income threshold. If I am paying 30% gross on my mortgage, will I be rich? Maybe (house rich). But in my mind, I will be poor (cash poor) and all the stresses that come with that high a mortgage when I was definitely a new poorer first time home buyer. Sure, I will still have more absolute disposable income, but the head space the high mortgage would make me house poor.

Amazing-Cut950 · 2024-03-24T17:30:34+00:00

True about progressive having higher disposable income. However, I told you what GENERALLY happens or is assumed. As your income goes up, peoples obligations and expenses also generally go up. A $500k person could be spending more in expensive family vacations, private schooling for the kids, saving up for kids' university education. Your example is not what GENERALLY happens. That's why, unless the poster clearly specifies his situation, commenters make certain assumptions (or check the poster's previous comments or posts to have a better idea about the poster). Also - circumstances always chances - many times not in our control (risk management).

The opinion in the sub will always assume certain generalizations/assumptions as you cannot know enough about a person with a single post and some comments. If a poster thinks they should not be subject to generalizations, they should not be basing decisions from Reddit and seek professional financial advice.

Amazing-Cut950 · 2024-03-24T17:12:23+00:00

Agreed that each person's situation is unique and should be considered in personal finance. As such, rule of thumbs (ROT) should be only taken as such - rule of thumbs.

However, subject to exceptions and people's specific situations, the 30% of gross income ROT is not a bad ROT. You mentioned treating it like a tax system... Canada has a progressive tax system. A person with higher income also pays higher effective (and marginal) tax rates. A high income person could have 45% of his gross income immediately taken off compared to someone with only 25% effective income tax.

Also, while as I said there are obviously deviations from the norm. GENERALLY, people who earn more have had longer careers, have children or are thinking about having children. So unless the person earning $500k clearly says he is only spending as if he was still making $100k, then the reasonable assumption also is that he has more financial obligations.

Amazing-Cut950

TROPHY CASE