Don't know what I want to do; got my bonus and need to dip ASAP

I got my bonus after 2 miserable years in banking. The fabricated work intensity, personalities and politics are all things that got old quickly. I did learn how to use excel, do some analysis, send nice calendars and well crafted emails and talk like a corporate robot pretty well. I don't want to go to PE, in fact I want to be as far away from these people as I can. I am looking to leave ASAP however I don't want to jump to just anything. 

What roles out of a decently respected M&A group would be viable to hop to quickly? I think startup strategy and ops would be cool, I want to go as far away from a financial model as I can however so strategic finance (often filled with ex bankers), seems like a hard no. 

I did originally have aspirations for PE but after changing my mind did not recruit so I'm kind of at ground 0

3 Comments
 

Based on the most helpful WSO content, here are some viable options for someone in your position:

  1. Startup Strategy and Operations:

    • Many startups value ex-bankers for their analytical rigor and ability to handle high-pressure environments. Roles in strategy and operations at startups could be a great fit, especially if you want to move away from financial modeling. These roles often involve problem-solving, scaling operations, and working cross-functionally, which can be a refreshing change from banking.
  2. Corporate Development (Corp Dev):

    • While Corp Dev roles can sometimes involve financial modeling, they also focus heavily on M&A strategy, integration, and working closely with business units. If you find the right team, this could be a less intense and more strategic alternative to banking.
  3. Product Management (PM):

    • If you're interested in tech or startups, transitioning into a PM role could be a great move. PMs work on building and improving products, collaborating with engineering, design, and marketing teams. Your ability to manage projects and communicate effectively could translate well here.
  4. Strategy Consulting:

    • While consulting can have its own intensity, it offers a broader exposure to industries and problems. It could be a good way to explore different sectors and figure out what you enjoy.
  5. Internal Strategy Roles at F500 Companies:

    • These roles often involve working on high-level strategic initiatives without the grind of banking. They can also provide a good work-life balance and exposure to operational aspects of a business.
  6. Venture Capital (VC):

    • If you’re interested in startups but don’t want to be directly involved in operations, VC could be an option. It’s less about financial modeling and more about evaluating business models, market opportunities, and working with founders.
  7. Entrepreneurship or Search Funds:

    • If you have an entrepreneurial itch, this could be the time to explore it. Search funds, in particular, allow you to acquire and run a business, leveraging your finance background in a more operational capacity.
  8. Non-Finance Roles in Startups:

    • Consider roles in marketing, business development, or even HR/people operations. These can be a complete departure from finance while still leveraging your corporate experience.

Since you’re looking to leave ASAP, focus on roles where your banking skills (project management, communication, analysis) are transferable but don’t require extensive additional training. Networking will be key—reach out to alumni, former colleagues, or connections in industries you’re interested in to explore opportunities quickly.

Sources: Q&A: From Sellside Research to Strategy & Finance at Rapid Growth Start-up, Strategic finance?, Q&A: From Sellside Research to Strategy & Finance at Rapid Growth Start-up, Banking -> Startup PM on who SHOULD join IB, Unorthodox Path to Corporate Strategy Position

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

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