How long did your job search take before moving to the area?

[Mr. Chad]

Originally Posted by ChristieP

This will be a big help. Some companies are reluctant to hire someone who is not local, especially when there are plenty of local candidates available. You need to be ready to fly/drive here at short notice for interviews.

That actually happened to me once. A few years back I put up my resume and was called by one of the Big 3 banks for an interview. Once I told them that I was still in NYC and planning to relocate they totally lost interest...


Do companies do Skype interviews? I figure I'll come down for an in person interview if I'm like a semi-finalist candidate or something.

[Mr. Chad]

Originally Posted by TurtleCreek80

I would not do that. It's dishonest and you'll need to drop $1500 on ASAP airfare every time someone wants to interview you as they'll assume you're local and can come in to interview within a few days' notice.

Tolleson is a well regarded private banking / wealth management group in Dallas. Check them out Home - Tolleson Wealth. Believe they manage families with > $30-35M in assets.

If you have 10 years of banking experience in NYC, you don't need to lie on your resume to relo to Dallas. Use your current Rolodex of high net worth clients to get other private bank names & recommendations for Dallas. Super rich people are a pretty tight network in the US; most of the super rich here have second homes in NYC or summer in the Hamptons or Aspen. Can't imagine it would be that hard to find yourself a job here if that's your niche.

I'd start looking / heavy networking about 70-90 days prior to when you want to move.If that's over the summer then you may want to start a tad earlier.

Thanks for the tips!!!

Besides Tolleson, can you recommend any other reputable and well known private banks? I'd like to find one that offers good base pay, and bonus/commissions, health and vacation benefits.

I only have 2 clients in my portfolio who live in the area... I'll contact them and see if they can offer any leads.

[ChristieP]

Originally Posted by Mr. Chad

That actually happened to me once. A few years back I put up my resume and was called by one of the Big 3 banks for an interview. Once I told them that I was still in NYC and planning to relocate they totally lost interest...

They probably assumed you wanted them to give you a relocation package. Those are expensive and unless you're a VP or super-rare skilled candidate, it isn't going to happen these days.

If you are going to try and find a "normal" job, you will need to tell the recruiter that you will be moving down on your own, and you do not want a relocation package. Otherwise, they will balk at a non-local candidate.

Originally Posted by Mr. Chad

Do companies do Skype interviews? I figure I'll come down for an in person interview if I'm like a semi-finalist candidate or something.

Some will, and some won't. It just depends on the company and how marketable your skills are. For a lower level position, usually the first interview is via phone, and the second and third intviews are in person.

Remember that job search expenses are tax-deductible, so keep your receipts!

[TurtleCreek80]

Originally Posted by Mr. Chad

Thanks for the tips!!!

Besides Tolleson, can you recommend any other reputable and well known private banks? I'd like to find one that offers good base pay, and bonus/commissions, health and vacation benefits.

I only have 2 clients in my portfolio who live in the area... I'll contact them and see if they can offer any leads.

I don't know any others to recommend. I went to high school with Carter Tolleson so that's how I know about theirs.

Def reach out to your clients who are in our area but don't be shy to reach out to any clients in NYC or other major areas (as appropriate for your relationship) for Dallas rec's either. That's what I meant about the super rich being tight circles- the ones in NYC likely know a few in Dallas or Ft Worth and can do some quick recon for you.

[TurtleCreek80]

Originally Posted by ChristieP

They probably assumed you wanted them to give you a relocation package. Those are expensive and unless you're a VP or super-rare skilled candidate, it isn't going to happen these days.

If you are going to try and find a "normal" job, you will need to tell the recruiter that you will be moving down on your own, and you do not want a relocation package. Otherwise, they will balk at a non-local candidate.



Some will, and some won't. It just depends on the company and how marketable your skills are. For a lower level position, usually the first interview is via phone, and the second and third intviews are in person.

Remember that job search expenses are tax-deductible, so keep your receipts!

Your advice isn't applicable to all industries and I know you're in healthcare, not banking, so I don't think your answers are the be-all-and-end-all for relocation. I'm in a completely different industry than either you or MrChad (corporate retail) and we DO pay for relocations, all the way down to entry level. Now entry level folks only get $3-4k (ish) and a director-level+ person gets a white glove packing service / corporate housing / help selling & buying a house (prob averages $25k but can easily go up to $100k++ if the vp is coming from a negative house equity situation).

For lower level jobs, it's first a phone screening with hr, then a Skype interview with whatever level the manager & manager's boss are. Then, job offer or rejection. For mid-level & up, it's a phone screening with hr and then an interview in Dallas (expenses paid for flight / hotel/ car) and for vp level, a second trip for house hunting if time allows.

[ChristieP]

Then that's a big rarity these days. Although I work in healthcare, I network with a lot of other HR professionals in totally different industries, and hardly any of them are paying relos anymore, especially for lower-level candidates. There a either enough candidates locally, or they expect people to move on their own and deduct it from their taxes at the end of the year.

[TX75007]

Originally Posted by TurtleCreek80

I'd start looking / heavy networking about 70-90 days prior to when you want to move.If that's over the summer then you may want to start a tad earlier.

We drop all resumes with a non-DFW address. I hired several people from out of state. They were up front in the interview about using their relatives address as they were "in the process of moving." They had to pay for relo. We were patient about working around their travel schedules to get to the face to face interview.

If you have a high net worth, then it may just be easier to move here first, then look for a job. Done in the summer, many would see you as being self-confident and thorough.

Another wave of corporate HQ and support units moves is coming to the DFW area this year due to all the federal and state tax law changes. Companies will want to get that 3-4% margin back somehow.

[Mr. Chad]

Originally Posted by TX75007

We drop all resumes with a non-DFW address. I hired several people from out of state. They were up front in the interview about using their relatives address as they were "in the process of moving." They had to pay for relo. We were patient about working around their travel schedules to get to the face to face interview.

What field do you work in? As for relocation expenses, I'm not to worried about it as I really don't have much stuff to move, and I can claim the relo expenses on my taxes.

Originally Posted by TX75007

If you have a high net worth, then it may just be easier to move here first, then look for a job. Done in the summer, many would see you as being self-confident and thorough.

Even though I work with high net worth people, I am nowhere "high net worth" lol, but I do have enough living expenses saved up to hold me over for 1+ years...but hopefully I won't have to tap into it. I'm hoping to land a written job offer before I actually move.

Originally Posted by TX75007

Another wave of corporate HQ and support units moves is coming to the DFW area this year due to all the federal and state tax law changes. Companies will want to get that 3-4% margin back somehow.

Good to know, I have to research this and see what companies will be setting up shop in the DFW area soon.

[Mr. Chad]

Originally Posted by ChristieP

Then that's a big rarity these days. Although I work in healthcare, I network with a lot of other HR professionals in totally different industries, and hardly any of them are paying relos anymore, especially for lower-level candidates. There a either enough candidates locally, or they expect people to move on their own and deduct it from their taxes at the end of the year.

This is good to know....