Boomerang to IB worth it?
Has anyone left IB for a few years and then come back at the same level? If so, was it worth it?
I left banking a few years ago and am considering going back, but I wouldn’t get any credit for the time I spent in industry, even though I stayed in the same industry I covered in banking.
I’m struggling with whether it makes sense to come back as an associate in my mid-30s with a family. Am I overthinking the age/title piece, or is mid-30s pretty late to be coming back in at the associate level?
Based on the most helpful WSO content, returning to investment banking (IB) after a few years away is not unheard of, but it comes with trade-offs. Here are some key considerations:
Age and Career Level: Coming back as an associate in your mid-30s is not necessarily too late, but it depends on your long-term goals. Many professionals have successfully transitioned back into IB at this stage, especially if they bring relevant industry expertise. However, you should be prepared for the demanding lifestyle, which can be challenging with a family.
Credit for Industry Experience: It's common for banks not to give full credit for time spent outside IB, even if it’s in a related field. This can be frustrating, but your industry knowledge could still give you an edge in terms of performance and client relationships.
Lifestyle and Priorities: IB is known for its intense hours and high-pressure environment. With a family, you’ll need to weigh the financial rewards and career progression against the personal sacrifices required. Many threads on WSO highlight the importance of aligning your career decisions with your personal priorities.
Long-Term Outlook: If your goal is to leverage IB for future opportunities (e.g., moving to the buyside, corporate development, or senior roles in your industry), returning could make sense. However, if you’re content with your current trajectory, the move might not be worth the trade-offs.
Ultimately, whether it’s worth it depends on your personal and professional goals. If you’re confident that returning to IB aligns with your aspirations and you’re prepared for the challenges, it could be a rewarding move. If not, you might explore other roles that leverage your experience without requiring the same sacrifices.
Sources: Was it worth it?, Transitioning from Tech Sales to IB, Why corporate banking instead of investment banking?, Once and for all, is the CFA still worth it?
Bump
I came back to IB after moving to a corporate role. Getting absolutely destroyed. I lament the days of having a chiller life. Personally I don't care if my job isnt that intellectually stimulating. As long as you are being paid an amount which keeps you happy (key question being how much is enough), I think staying in your current role is what I'd do.
Don't forget the bad times in IB. The cancelled plans, the stupid requests from some VP who is manufacturing work that hasn't has been asked for, the all nighters, the stupid client requests. Also I think being an associate with a family is a really tough ask.
Even at a chiller mm bank?
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