Wall St. Recruiters: Slime bags?

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infiniwang

Anyone want to tell me their experience. These guys seem worse than used car salesmen.

One guy told me not to tell other firms I have offers because it makes it harder for me. He says that if I mention across recruiters who has what for me that those recruiters then use that information to figure out who is hiring for what and then send that company more resumes. And that in turn makes it more difficult for me.

I can maybe believe this, but it feels like snake oil from a guy who wants to bag his commission.

Can a few of you guys share your thoughts? Strategies? Bullshit filters? This is in the automated trading forum because I want people who write code and build models to answer, not people who talk to these prop shops and are not technical people.
 
In the 150k+ category of jobs, the headhunters are fairly "professional" but with their own code of ethics that you may or may not find agreeable. What he said to you is fairly normal. Moreover, I don't think it's particularly slimmy. It's a fair point.

Okay, here's a pro tip - never be afraid to send your headhunter back for a bigger package; he has no incentive to get you the best offer (after all, his marginal commission from an extra 10k-20k he gets you is minimal compared to his commission for getting you the job; and there's always a risk that a negotiation turns a job offer into nothing).

Quote from infiniwang:

Anyone want to tell me their experience. These guys seem worse than used car salesmen.

One guy told me not to tell other firms I have offers because it makes it harder for me. He says that if I mention across recruiters who has what for me that those recruiters then use that information to figure out who is hiring for what and then send that company more resumes. And that in turn makes it more difficult for me.

I can maybe believe this, but it feels like snake oil from a guy who wants to bag his commission.

Can a few of you guys share your thoughts? Strategies? Bullshit filters? This is in the automated trading forum because I want people who write code and build models to answer, not people who talk to these prop shops and are not technical people.
More...
 
sometimes i think its easier to get a job through a recruiter rather than direct. i used to think they gave kickbacks to the hiring managers or something like that.

first dont work with every recruiter; only a few. and all the ads you see posted are ersume phishing so send your resume in readonly pdf format with "not for distribution" line though it.
 
This is good advice. A recruiter that is worth your while will find you, not the other way around.

It is certainly easier to get hired via a recruiter. I personally think it's because a good recruiter does a decent job of screening and have better reach than you.

Quote from rosy2:

sometimes i think its easier to get a job through a recruiter rather than direct. i used to think they gave kickbacks to the hiring managers or something like that.

first dont work with every recruiter; only a few. and all the ads you see posted are ersume phishing so send your resume in readonly pdf format with "not for distribution" line though it.
More...
 
You know, it's funny - I clicked the link and expect to find some cheesy self help book that makes your "stop taking shortcuts" comment ironic.... but you know, this book looks very interest and the reviews (assuming they are real) are too; Think I'm going to pick it up

Quote from Sell 'em:

Stop taking shortcuts and read 'Rights of Passage' by Lucht. It is everything you need, and more.

http://www.amazon.com/Rites-Passage...=sr_1_1?ie=UTF8&s=books&qid=1248443633&sr=8-1
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Quote from infiniwang:

One guy told me not to tell other firms I have offers because it makes it harder for me. He says that if I mention across recruiters who has what for me that those recruiters then use that information to figure out who is hiring for what and then send that company more resumes. And that in turn makes it more difficult for me.
More...

This is standard practice for recruiters in any industry. It is not snake oil. It is common sense and in both your and the recruiter's best interest.

Under no circumstances reveal any information about live job offers.

If you're asked, politely decline to reply. You may think they're trying to ascertain whether there is interest in you in the market place, and you may think it makes you look better by boasting about other offers, but they could care less and are actually trying to find out about other potential clients for themselves who they will then spam with resumes from your competition - not good for you. Not good for the original recruiter.

If they really want to know, tell them you're happy to reveal the other job offers if they don't mind you telling other recruiters about their clients. See how quickly they will u-turn.

Do not submit your resume to as many recruiters as possible. Choose one or two as wisely as you can.
 
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