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Wall Street Oasis » Blogs » InefficientMarkets's blog
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Thoughts on Quitting
 

InefficientMarkets's picture
InefficientMarkets
      PE
 
(Monkey, 32
 
Points)
 on 7/22/12 at 7:15am
quitting.jpg

I've been thinking a lot lately about quitting my job outright, without anything lined up. I have a number of reasons behind wanting to do this, hygiene factors are a big part of this recurring daydream but what it comes down to is that I don't think this is the place in the world where I can add the most value. What it boils down to is my job admittedly is a poor fit for me. Im WAY too much of a cynic and a low level misanthrope for this line of work.
But honestly, I'm too much of a pussy and probably won't go through with straight up quitting, but the thought of being all "peace fuckers" sustains me through the long work days. I am still actively looking for other jobs, and hopefully in a perfect world will make a smooth transition to a greener pasture or at least one with less patches of dead grass. But life is a bitch and you never know what's going to hit you. Maybe ill walk into the office tomorrow and be fired on the spot. Maybe things will turn a corner and I'll start making it rain (doubtful). I don't know. I have enough money saved up to last me a while so it wouldn't be as much of a hit if I do make the decision (this thought has been kicking around in my head for a year or so).
Judging from the number of comments on the "quit early quit often" thread, the speech has made an impact on the minds of my fellow chimps, but really now, has anyone actually done this before? What were your reasons? Was there a final line that had been crossed by your employer? How did you plan your escape?

See my other WSO Blog Posts
  • quitting
  • quitter
  • quit
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Comments

SirTradesaLot's picture

Quit early and quit often

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,782
 
Points)
 on 7/22/12 at 1:08am

Quit early and quit often applies when you are leveraging your current job or other offers against one another to get more money.

If you really have the stones, man up and become an entrepreneur. Don't quit your job yet though. You need to have a good sense of where your potential business is heading before you quit your job.

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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Gangsta Killah Blood's picture

What do you mean by hygiene

Gangsta Killah Blood
     
 
(Monkey, 39
 
Points)
 on 7/22/12 at 1:15am

What do you mean by hygiene factors?

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In reply to Gangsta Killah Blood
BlackHat's picture

Gangsta Killah Blood: What do

BlackHat
      HF
 
 
(Senior Neanderthal, 5,127
 
Points)
 on 7/22/12 at 1:23am
Gangsta Killah Blood:

What do you mean by hygiene factors?

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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In reply to BlackHat
WalMartShopper's picture

BlackHat: Gangsta Killah

WalMartShopper
     
 
(Senior Gorilla, 939
 
Points)
 on 7/22/12 at 1:40am
BlackHat:
Gangsta Killah Blood:

What do you mean by hygiene factors?

ok, we can't bitch about new people not searching the forums if you guys can't google shit you don't know:

http://lmgtfy.com/?q=hygiene+factors

If the glove don't fit, you must acquit!

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Ron Paul's picture

Sounds like you might be

Ron Paul
     
 
(Senior Gorilla, 916
 
Points)
 on 7/22/12 at 2:11am

Sounds like you might be under serious stress and questioning the "purpose of it all." WSO tends to be highly introspective and philosophical - this is all well and good, but make no mistake about it - quitting your job with nothing lined up is insane in 95%, of circumstances...and yours seems to fall within the 95%. Sounds like you just loathe your job and want to do something else. If that something else is a competitive front office career, you're going to want to be EMPLOYED during the interview process. Based on the little info you've provided, there's probably not going to be a positive way to spin your unemployment.

Unless there's something truly extenuating, and there's not based on the zero info you've provided, then stick it out. Stay employed while you search for something else. Unemployment is painful as fuck, trust me. That applies 10 fold if you're in a competitive front office industry.

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Gangsta Killah Blood's picture

Wow, don't ask a question

Gangsta Killah Blood
     
 
(Monkey, 39
 
Points)
 on 7/22/12 at 2:37am

Wow, don't ask a question unless you've researched every other source eh?

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noke2012's picture

Don't quit your job because

noke2012
     
 
(Orangutan, 271
 
Points)
 on 7/22/12 at 8:22am

Don't quit your job because because of :

"Im WAY too much of a cynic and a low level misanthrope for this line of work"

Additionally, I suggest you change your attitude in regards to your misanthropism, I think you may find the world to be a much better place once you work through some of your cynicism. I'm somewhat of a cynic myself, so I understand your viewpoint, however there IS good in this world, enough to lift the spirits of even the most cynical of us.

"Life all comes down to a few moments. This is one of them." - Bud Fox

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Scott Irish's picture

Ha fair enough WMS but I had

Scott Irish
      O
 
 
(Senior Orangutan, 385
 
Points)
 on 7/22/12 at 9:13am

Ha fair enough WMS but I had no idea on that either, I figured hygiene factors meant his boss smells like curry and doesn't bathe or something along those lines

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econ's picture

The 13 Approaches to Quitting

econ
      O
 
 
(Neanderthal, 2,419
 
Points)
 on 7/22/12 at 9:43am

The 13 Approaches to Quitting Your Job (Without Burning Bridges)

For my aspiring Entrepreneurial Nomads, check out my blog.

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CDOMonkey's picture

Unless you're off to start

CDOMonkey
      CF
 
(Baboon, 102
 
Points)
 on 7/22/12 at 10:11am

Unless you're off to start something on your own - which could be a possibility (don't know - so who knows), don't quit but keep searching.

In this market - it's easier to find a new job while having a job. Nobody likes quitters - especially in this job market. If it takes you time to find a new gig and you land an interview, you're going to explain the gap in your professional timeline. Saying "It wasn't for me, I'm a cynic" - just won't cut it. Also, they'll see right through you if you're bs'in them. Don't give them a reason to question.

If you're really sick of it and just can't take it and if you're looking to enter another part of the industry or whatever the case, line up some part-time courses and seminars that show your interest in that field, then quit. You can say your interest was in xyz and you wanted to take some time learning as much as you could relating to that and your current job wasn't giving you that opportunity (via work experience or time). At least this way you don't look like you quit because you hated the place and shows some balls.

It's easy to say quit early and quit often if you have a supportive network behind you. If you're not in that position - network your ass off (connect with alums via LinkedIn or however, ask to meet up for coffee - nothing more) and start getting your name out there. Things will turn - they always do.

Keep your head up - many of us have been down this road before, but utilize logic over your emotional cues. FYI - there is always that small group of people who are the exception - they quit, reflect on life - find what they're looking for and shoot for the stars - with success, but failures along the way. Try and find out if you're this type of person instead of going around the wheel over and over again.

"Worrying is like a rocking chair. It gives you something to do, but it doesn't get you anywhere." - VW <== if that ruins my credibility, don't care, it's true. Stick almost any negative adjective in there and it'll work.

Just my two cents - been talking to a lot of people that are in your same situation. Soul search dude - figure out what you want it life - don't just aim for prestige and cash - though it does make life a lot easier. Personal opinion - pave your own path

"Free Market Capitalism is the best path to Prosperity!" - The Larry Kudlow Creed

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Relinquis's picture

You sound miserable. "adding

Relinquis
      RE
 
 
(Neanderthal, 2,189
 
Points)
 on 7/22/12 at 10:10am

You sound miserable.

"adding value" is a bad reason to do any job or to make any career or life choice. "Adding Value" is a meaningless concept unless you define it and even then it tends not to matter much.

I have two questions that might help you focus your energy:
- Can you afford to quit your job?
- Do you know what you want to do and what is required?

i.e. can you live well for 6-9 months without work while you pursue other goals (another job, teaching maths to poor kids, going on tour with your band, scaling Everest, etc...)?

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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huanleshalemei's picture

don't quit. just tolerate

huanleshalemei
     
 
(Gorilla, 546
 
Points)
 on 7/22/12 at 10:41am

don't quit. just tolerate your current job while actively seeking new opportunities. how to tolerate? well, passively take orders as if you are a machine, no feelings, no emotions involved whatsoever, not even when they say they want to f*ck your gf. you are there to work and get cash, that's it.

at the meantime, proactively network and send out resumes to end your misery.

The Auto Show

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Rdonahue7's picture

Find something first, man. If

Rdonahue7
     
 
(Senior Monkey, 84
 
Points)
 on 7/22/12 at 10:59am

Find something first, man. If you are like me, you'll go crazy after a month if you don't find another job immediately.

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BTbanker's picture

After 2 years on the sell

BTbanker
      IB
 
(Senior Neanderthal, 5,340
 
Points)
 on 7/22/12 at 12:14pm

After 2 years on the sell side. A headhunter will contact you and bridge you to the magical buy side.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

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In reply to Connor
RichardPennybags's picture

Connor: After 2 years on the

RichardPennybags
      ST
 
(Senior Orangutan, 443
 
Points)
 on 7/22/12 at 12:29pm
Connor:

After 2 years on the sell side. A headhunter will contact you and bridge you to the magical buy side.

I lol'd

"Every man should lose a battle in his youth, so he does not lose a war when he is old"

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khsu's picture

Quit often...Quit

khsu
      IB
 
(Chimp, 3
 
Points)
 on 7/22/12 at 5:55pm
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Senvik's picture

Don't tolerate it. Don't

Senvik
     
 
(Senior Baboon, 187
 
Points)
 on 7/23/12 at 10:50am

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

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In reply to Senvik
Relinquis's picture

Senvik: Don't tolerate it.

Relinquis
      RE
 
 
(Neanderthal, 2,189
 
Points)
 on 7/24/12 at 12:33am

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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rkcarpio's picture

Wednesday was my last day as

rkcarpio
      CO
 
(Chimp, 6
 
Points)
 on 7/25/12 at 11:37am
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Draper's picture

kudos to you rkcarpio. I

Draper
     
 
(Chimp, 14
 
Points)
 on 7/25/12 at 12:11pm
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  • Definitely inspiring and always interesting to hear Lloyd's speeches. Thought some monkeys might want to give it a listen. Please post any other commencement speeches that were motivational and inspiring to some of you. <iframe width="560" height="315"...
    Lloyd Blankfein's Commencement at LaGuardia Community College
  • I'm a rising sophomore at a non-target liberal arts college. I am currently interning at a marketing company in one of asian countries that I am from and I have been actively looking for something else I can do this summer. I was accepted to the program so called Fullbridge which is a...
    Opinion on business bridge program?
  • I joined a top consulting firm after graduating last year. Now its been a year and I do not like consulting very much. I have been doing completely unrelated projects, and going forward I would like to have a little bit more focus. Plus I want to learn more about finance. Is it possible for me...
    Is it still possible to start over? from MBB to finance
  • Hey All, I just wanted to see if anyone could give me some ideas about exit opps from top Natural Resources Groups? In this case think BB. I am curious if exit Opps are primarily in industry specific funds or if you still see recruitment for general buyout practices at Megafunds? Thanks....
    Natural Resources Group Exit Opps
  • Hey guys, Anybody know if York Capital runs a macro fund? I saw it somewhere that a guy named Marc Helwani runs a $1.5b macro fund but I couldnt find any other source to verify that. One thing I do know is that out of their $15b AUM, about $6.5 is dedicated to traditional long/short. Lol......
    York Capital - Macro?
  • Last year Dalian Wanda Group bought theater chain AMC Entertainment for $2.6 Bn, and now it is snagging up Sunseeker International. [quote] Dalian Wanda said it would pay £320 million for a 91.8 percent stake in Sunseeker, based in Dorset, England, with the remaining stake to be acquired by...
    The Chinese are upping up their shopping spree
  • I'm graduating soon and am looking for opportunities in either IB or consulting. Am indifferent between them. How should I customize my resume towards IB? Also you guys with consulting background, how do you customize to a consulting (MBB) one as well. But most importantly, I need it down to 1...
    Resume review for IB
  • Is anyone familiar with this firm? Started by 3 experienced guys in the media industry. Looks like they've done a couple notable deals in the past 2-3 years. How big is the firm (esp. analyst & associate level)? How is the dealflow? Do they only have an office in SF? Thanks in...
    CODE Advisors
  • Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of the...
    Q&A: 1st year BB London Rates Trader Taking Your Questions
  • This question is regarding background checks and references. I worked at a boutique IB and want to use my old boss as a reference. However, my old boss no longer works at the boutique IB anymore. Is it still acceptable to use him as a reference, or will employers want a reference who still...
    Reference no longer works at firm
  • I'm a student currently deciding between attending either Tulane or Uconn as an incoming junior and wanted to get a picture of which would be better from a recruiting standpoint. Tulane will cost $14K more total over the next two years, or 7K more per year, but in either regard I will still...
    Tulane vs. Uconn
  • 1:41pm: Buy 200 shares WFC @ $41.10 on 99% margin. Currently down $87.98 + $0.90 interest. I normally stay away from margin. I was having a good day and got cocky. Today wiped out a week's worth of profits for me. Note: I swing trade with some day trades thrown in. What would you...
    I Made a Stupid Bernanke-Inspired Trade: Exit?
  • Hello everybody, I just finished up my sophomore year at a semi target and now am trying to choose an internship which will best position me for IB recruiting next year. I'm trying to decide between two internships - one is a credit analyst position at a commercial bank where I would...
    Which internship?
  • Hey everyone, Does anyone know of any reputable firms in Miami? Can you speak to their: 1. Pay 2. Culture 3. Focus (i.e. middle market? tech?) 4. Reputation in comparison to NYC...
    PE in Miami
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: <strong><a href="http://www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> I figured I...
Open for Questions - Equities in Dallas
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> This one has...
THE LAST MILE
Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of...
Q&A: 1st year BB London Rates Trader Taking Your Questions
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
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