Exit opps with decent work-life balance?

I can't handle the banking workload anymore and, in particular, the feeling of never really being free. I don't ever expect to work a 9-5 job (in fact I think that would bore me) and I'd be happy enough doing ~60 hour weeks most of the time. All I want is time each day to hit the gym, make a decent dinner for myself, get a full 8h sleep, maybe watch a movie one night a month without having to make a big deal about how I'll be away from the desk for 2h but will be online until 3am to make up for it. In short, I don't want my health to suffer anymore. 

I also don't want to take a massive pay cut. It feels ridiculous to say this only two years in and I'm annoyed at putting myself in this situation, but I've gotten very used to the lifestyle that a banking salary buys me. I like living alone and living in a nice area, I don't want to go back to crappy houseshares. I'd take a slight cut for a WLB improvement, but nothing crazy. 

I'm avoiding MF PE for obvious reasons and I also don't have much interest in mid-market PE or hedge funds. Also don't want to do an MBA. Potentially looking at growth, VC, impact investing. Outside of that, maybe strategy type roles or something at a start up, but assume the pay would be noticeably worse. Ideally I'd want something with a sense of purpose, whether that's investing in companies that make a noticeable impact or helping to build a start-up from scratch.

Are there any other jobs out there that you'd recommend looking into?

I'm based in London if relevant.

 
Most Helpful

OP here. I ended up moving to a growth equity role in a relatively niche space.

Long story short, I have very mixed feelings about my current role. On the one hand I’m learning a lot and I enjoy the work overall. I think it was a better move than staying in IB.

On the other hand, WLB is a lot worse. Nobody cares if it’s a weekend or you’re on PTO, and the stress is a whole new level. I won’t bore you with every detail, most of my issues are documented very frequently on the PE forum. I also find some of the work a bit tedious, I personally don’t care about creating a model with 10 scenarios, 50 tabs, etc. I thought growth would avoid some of that but unfortunately not.

I think I would be much happier in a corp strategy role or similar, but salaries in London are awful. Plan at the moment is to get to the end of next year, collect another bonus, and then probably try to find something more sustainable. 

Hope things all work out for you. 

 

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