Burned out at dream job - time for a change?
Would love some honest feedback on my situation...
I have worked as a post-equity analyst at a top LO (Cap, Fido, Welly, TROW, D&C) for about a decade. I have always thought that I would stay at my current firm until retirement, but over the last few years I have become extremely burned out. My performance has struggled recently, which in this profession means more stress, more hours, and less pay. While my numbers aren’t poor enough to get pushed out (and I am very well regarded internally despite recent struggles), I am concerned that a couple years of bad performance 1) puts a ceiling on my comp for the next 3-5 years, and 2) decreases the probability of promotion to PM. While it’s not essential to me to become a PM, I find myself less engaged and less fulfilled by my work. I have also been feeling more of the negatives of the centralized research structure whereas earlier in my career it felt like more of a positive - I used to enjoy the autonomy and the multitude of smart investors to learn from, but now I just feel like I have to hold everyone’s hand and explain too many things to too many people. Really I just feel like I’ve become an analyst and I’ve hit a wall in my development. I am not someone who can keep doing a job just for the money - I need to feel challenged and engaged.
I have increasingly been thinking about taking on a new role at a different firm. One opportunity I am looking at is an associate PM role on a small team with a style that fits my strengths, but the comp is lower and the firm is less prestigious (though still well regarded). The idea of doing something new (even for less money) is exciting to me, but I don’t want to fall for a “grass is always greener” philosophy only to find out later that the problem is not with my job but with me. I am very interested to hear people’s honest thoughts on burnout, how you deal with it, how to know when it’s time to move on (especially if you’re in what you thought was your dream job), and whether you think I’m crazy to consider leaving – much appreciated.