Am I dumb for not doing banking
Completed a summer analyst stint this summer at a middle-market firm (HL/WB/Jefferies) and turned down the return offer to start as an analyst in an investing role.
I took a bit of a haircut compensation-wise, but overall, I find the work far more interesting, and I believe I’ll gain an equivalent amount of technical skills as I would in banking.
However, I’m concerned that the lack of an analyst class network and not having banking on my resume might hinder career changes or narrow the scope of potential opportunities later on.
Should I have just stuck it out for two years?Interested to hear people’s thoughts.
i mean hl/jeff are known for their sweaty and toxic culture. would honestly say you dodged a bullet
HL sweaty - not toxic.
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Lol so I guess all the banks with 3 year analyst programs are toxic? Have never experienced or even heard a senior yell. And what difference does buy-side recruiting make… few banks actively encourage it. So what… you have to hide your recruiting for another job…? Just like literally any company anywhere in any other industry?
Lol deletes his comment… just as soft as I thought
banks don't have cultures, groups have cultures
Only you can answer the question, 5-10 years from now.
There is no correct path for everyone in a career, people value different things. Maybe you work at the MM and burn out and switch career fields, maybe you crush it and become a rainmaking MD, can't change anything now so why worry about it. My advice would be to learn as much as you can in your current role and don't dwell on the past, careers are long.
You are wise beyond your years.
I don't think you'll build a skillet that's equivalent. That's why there is so much CV value to doing IB analyst.
However, at the end of the day you're best doing what you find more interesting. You spend a lot of time at work and being miserable or bored is truly soul destroying.
If you want to do go into an investing roll long term, why not go straight to it from undergrad?
Genuine question as I'm in the same boat (received return offer from SA PE).
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