7 ways to bounce back from a career setback

It was the day Victor Olex’s career crashed in flames. At least that’s how it felt to him at the time.

“When the financial crisis hit in the fall of 2008, my software development job with Merrill Lynch’s credit derivative trading group came to an unexpected halt,” he recalls. What was once amazing, intellectually stimulating and challenging work suddenly ended as credit trading imploded all over Wall Street, taking trading desks — and Olex — into the abyss. “With few, if any, immediate prospects for another job, I set out to try something else,” Olex reflects.

Olex’s alternative career path focused on an issue he repeatedly bumped into while on staff at Merrill Lynch. “I began working on a product idea to aid financial firms in data integration — a massive pain point that I had observed first-hand throughout my career,” he says. This insight led to the creation of SlashDB, which offers a middleware platform that can automatically turn a database into a website or API, enabling very old databases to be presented to the outside world.

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It was the day Victor Olex's career crashed in flames. At least that's how it felt to him at the time.

"When the financial crisis hit in the fall of 2008, my software development job with Merrill Lynch's credit derivative trading group came to an unexpected halt," he recalls. What was once amazing, intellectually stimulating and challenging work suddenly ended as credit trading imploded all over Wall Street, taking trading desks — and Olex — into the abyss. "With few, if any, immediate prospects for another job, I set out to try something else," Olex reflects.

Olex's alternative career path focused on an issue he repeatedly bumped into while on staff at Merrill Lynch. "I began working on a product idea to aid financial firms in data integration — a massive pain point that I had observed first-hand throughout my career," he says. This insight led to the creation of SlashDB, which offers a middleware platform that can automatically turn a database into a website or API, enabling very old databases to be presented to the outside world.

To read this article in full, please click here