Corporate ladder or family business

I have to admit this is a privileged difficult choice at this economy. I’m in my early 20s and I have a great IB job at BB in an expensive city. Tbh the pay is great, but after tax, rent, food, and all the miscellaneous expenses basically end up with no savings. I do love the job, I enjoy the prestigiousness when I talk about my work and I’m good at what I do.

While back home, my parents run a small but successful business. They founded the business years before I was born. My family have 20+ employees and companies at three locations internationally. They have always wanted me to join and become the owner eventually. My parents were very generous and bought me a boogie condo with full payment, no mortgage. Obviously, they really wanted me to move back and I can live a very comfortable life back home. My mom especially, she was very against for me to go into finance in the very beginning. She sees my job as inhumane and not that good of a pay (lol) when counting the hours + amount of work. She has this negative stereotype towards Wall Street career in general.

My parents’ business is nothing finance related, not even close tbh. Completely two different industries. The house, the car, and everything they offered me are very tempting. But I’m sensing the family business means there will be arguments, working with family is more challenging when it comes to communications and expectations. I am the only child of the family, they do put a lot of expectations on me.

What would you do in my situation?

1 Comments
 

Architecto odit eaque est dolorem id et excepturi. Ut voluptatibus iusto animi molestiae eos culpa qui. Voluptatum qui quia qui illum excepturi ut.

Doloribus laboriosam voluptates quia iste. Iste ea dolorum ipsa sit. Et molestiae earum et quia ducimus maxime iure hic. Ex laboriosam cupiditate corporis ea.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”