Career objectives detached from earnings ?

Wondering if any of you are in my shoes. My parents are long time corporate execs and we have had a very nice set up for a long time now, so while I am working a high paying job, I really don't feel much motivation from the salary portion of work at all. Like I got a nice watch on my own using my first bonus but I've already been gifted 3 swiss watches over the past 5 years and a high end german car. I know I am very lucky to be in these shoes.

I am working in banking because it was hard to get in to and I wanted to life experience, but I don't see the point of staying as an associate at all, because the job seems like it stays mostly the same, you make more but the hours suck, so why would I do this. I want to try corporate next and work for a big company and aspire towards management roles so I can have the leadership/responsibility/respect similar to what my parents have achieved. 

8 Comments
 

Based on the most helpful WSO content, here are some insights and advice for your situation:

  1. Career Motivation Beyond Earnings:

    • It's common for individuals to seek career fulfillment beyond just financial compensation. Many people find motivation in leadership roles, responsibility, and the respect that comes with such positions.
    • As highlighted in the WSO threads, it's important to follow your heart and pursue your passion. If money or prestige isn't your primary motivator, focusing on roles that offer personal satisfaction and align with your core values is crucial.
  2. Transitioning from Banking to Corporate:

    • Many professionals in high finance consider transitioning to corporate roles for better work-life balance and more meaningful work. The corporate environment can offer opportunities to develop new skill sets and take on leadership roles without the intense hours typical in banking.
    • Working in a corporate setting can provide a different kind of challenge and satisfaction, especially if you aspire to management roles and want to emulate the leadership and responsibility your parents have achieved.
  3. Long-Term Career Planning:

    • Reflect on what drives you and what you want out of life. Consider factors like work-life balance, the type of work you enjoy, and your long-term career goals.
    • It's essential to think about the life you want to live for yourself and your family. Prioritize finding a career that is meaningful to you and aligns with your personal and professional aspirations.
  4. Personal Fulfillment and Professional Growth:

    • The importance of personal fulfillment and professional growth cannot be understated. Many people in high finance eventually seek roles that offer more personal satisfaction, even if it means a lower salary.
    • Consider exploring roles in smaller companies or middle-market firms, which can offer greater financial flexibility and personal upside.

In summary, it's important to align your career with your personal values and long-term goals. Transitioning to a corporate role could provide the leadership opportunities and work-life balance you're seeking.

Sources: Is IB not as attractive anymore?, People who fall off the map professionally, The Path to Least Resistance: Why IB May Not Be What You Really Want, Bonus hit and feeling... nothing?, Bonus hit and feeling... nothing?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Yeah maybe go work for a company in a sector you find interesting. What do you like about the job or sector you are in right now?

 

ceo of f100 isn't anywhere close to feasible outside of small random chance where the stars all align

 

A few watches and a car is all it takes to make you feel disaffected about working? Unless your parents are gifting you multimillion dollar houses and unlimited credit card you haven't really obtained anything lol 

 

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