Any other undergrads with offers feeling lost?
With recruiting so early now, undergrads wrap up SA position recruiting (and by extension usually fulltime recruiting) over 2 years before the prospective FT start date. This allows for much more time for self reflection than in previous generations, where the SA position would start months after recruiting. With all the information going around about WLB, other careers, the transparency of what IB really is, does anyone else with an offer feel a bit lost? IB seems brutal and unenjoyable based on conjecture, at odds with living a fulfilling life in general. PE seems like a false paradise where one is still under the gun and unlikely to reach a senior role especially as the size/prestige of the firm increases. Corp dev. Etc. seems like a cop out with a very low pay ceiling, and it seems like one would be better off just joining another career than IB out of undergrad and climbing the ladder there. Tech seems interesting, but the skill set is wildly different and the pay ceiling also tops out much lower. Entrepreneurship is probably the best route, but I still feel a bit uninspired although this is probably my fault. Overall, does anyone share this sentiment and what are your thoughts?
Intern in IB - Gen, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
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Fingers crossed that one of those helps you.
I know where you’re coming from with having extra spare time and figuring out your next move. First of all, congrats on the offer! Really takes a burden off your shoulders.
At this point, we just have to spend next summer and figure out whether we like or at least can tolerate IB and grind for a return. It shouldn’t be crazy bad to change career paths for full time as well, such as to Consulting or S&T. Also, need to maximize GPA, makes things easier down the line with respect to MBA optionality. Now is a good time to develop some hobbies/ passions. It’ll be a good stress reliever when you are working significant hours and will bolster MBA apps if that’s your thing.
In terms of comparison, it feels like everyone’s a top SWE working 30 hours a week and making 400k, but that is still a top engineer at a reputable firm and most people aren’t equipped to do IB and SWE. With corp dev, it’s a way to have fewer hours while making six figure comp with a decent career trajectory into high six figures as well. Moreover, U can pivot out into more strategic roles towards the C-Suite within the firm, which really helps with breaking any notions of a career/ earnings ceiling within corpdev. For PE, sure the banking 2.0 sentiment is definitely widely discussed, but the career trajectory is significant.
Life is a trade-off, but I feel like the best way to move forward after a lot of reflection is to not excessively pursue Prestige but pursue Longevity instead. People aren’t in the industry for the analyst money and you don’t want to crash and burn. Look for groups with good culture - junior development/ hybrid work. That being said, some prestige does help with a quick rubber stamp for the rest of your career.
Also, please don’t forgot to have fun the rest of college!
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