I chose IB (in a decent EB) purely for money. I currently live in London. The city is insanely expensive (expected though). However, I have declined a good full-time AM role that paid significantly less, and currently overthinking it. Note that, for some reason, I can still accept the AM offer and start working next spring (it's complicated)
However, I just had my first tough week as an intern. It's not that I can't handle it; in fact, I am willing to overwork specifically because I have no social life. An analyst told me that I am a relief, because I learn quickly. But again, it's hitting me. Going for the money sounds extremely stupid, and it does matter. On the other hand, it feels like I should be compensating for all the years of isolation and actually start having a good life, but the more I think about it, the more apathetic I get.
The AM job pays less in base, but I can still manage everything. The bonuses, well, you know. I know I sound like a stupid little snowflake, but if you guys could give me your best advice, I would really appreciate that.
Thanks a lot.
Sounds like your in a good spot! It's going to be a personal choice IMO.
Do it for the money while you still can. You can always go back into AM later.
I think doing it for the money for 2-3 years is fine. It gives you a nice nest egg and allows you to make riskier plays in life that you otherwise wouldn't have done. I don't think deciding stay long term for the money is worth it though. That's when you see the stories of burn out, mid-life crisis, etc.
Like the person above said, AM will still be an option after a 2 year IB stint
I see. Thanks for the advice!
Just curious, moving to AM won't require any additional school work right? I'm coming from a master already.
It shouldn't. I'm based in the US though so hopefully someone from Europe can chime in
Work your ass off from 22-25/26. Then you can take it easy
I mean it depends on the Asset Management fund also.
Are we talking Blackrock / Invesco / PIMCO type? As your at EB, unless its a Tier 1 AM fund (such as the ones listed), IMO you'll have the opportunity (probably better) to get AM later on.
It is exactly one of those. Equities division (AAA so enticing).
Voluptas facere pariatur et ad et nobis. Excepturi accusantium illo commodi esse inventore. Corporis nam soluta in ut enim assumenda magnam.
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