6 month gap after 1.5 years of IB?
I stopped working at an IB in December. I have some offers to return to work in finance, although not PE. I'm debating whether I want to start working again right now or whether I can just take a 6 month break to surf and relax. Since it is Covid, I don't know the implications of a long break. Will, it hurt my chances at getting the next role (will I still be competitive for PE or top Corp Dev roles?) or does no one care since it is Covid times. Also in the long-term I imagine no one could possibly care.
I know someone that did 2 years at BB 1.5 at EB 6 month at startup strategy / finance role, left cause they didn’t like it and hasn’t been able to get equivalent role in ~1 year
Todd will you please stop telling people my story? I told you I’m just taking this time to figure myself out
It's okay Dave, just one step at a time.
wasnt able to get a BB / EB M&A role? or Corp Dev? Or simply finance? cant imagine someone with 3.5 years investment banking & 0.5 years strategy/finance at start up couldn't get some FP&A / Finance Manager / Financial Controller type role anywhere...
Wanted buyside role (PE or HF)
3.5 years of IB (@ BB/EB) and and couldn't land a role? Wow. Speechless.
You won't be competitive for PE or top corp dev unless you had a legit reason for the break, like a sick parent. Unless LMM, those roles are an upward jump to begin with when you aren't currently working and a long break doesn't help your chances.
Why not recruit now, push back start as much as possible (3-6 months may be doable) and then enjoy your extended break once you have something locked down without career implications.
Honestly, do whatever you want. Careers and life is so fluid these days. People make money doing anything. You live only once man. Worst comes to worse, you'll find something if you wanna come back. There's no hard and fast rules.
"People make money doing anything?" Seems a bit presumptuous, like it's easy to just get a good job whenever you want, and regardless of what choices you make. While it's certainly not everybody, there's something to be said for staying on a path.
whatever floats your boat man!!!
agree. unless you're from an affluent family and your dad can always find you a job, you're absolutely fucked if you're taking a year off for no reason just to chill before building any significant work experience and without a job to return to after the break. especially if you wanna do finance.
Absolutely. One of my fraternity brothers at SMU joined Goldman Sachs Specialty Lending Group in Dallas out of undergrad. One day he texted me and said he was quitting his job because he got selected to go on the Bachelorette (Hannah Brown’s season). He almost won the damn thing and now he’s making more money promoting skin care products on Instagram than he was at Goldman. And he’s way happier. That’s an extreme example but there’s not one path to make money..
weird flex bro...
if only everybody could promote skincare products for a living. I bet a 99% of guys much better looking than him will never make money out of their appearance. these kind of opportunities are totally random.
Shoutout to Conor
If you happen to be a woman (haven't seen this done by a man before), you can become a hot tub streamer on twitch and make 400k+ a year. All you need is a hot tub, a camera, and a bikini (very minimal CAPEX). Best of luck my friend.
The gap is less problematic than the reason you’re taking a break imo.
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