How to decide between corporate or IB?
From middle school up until now, I have always been interested in corporate finance. However, many of my classmates in my finance club went the IB route. Two years post grad many are in PE or Corp Dev and I am currently a senior FP&A analyst in a stable industry making $100k. I want to make sure I am in the right position to set my family up later, have lots of children, and pay for their education. My end career goal is VP/CFO.
However I am not sure I am intelligent enough for IB and other options like consulting. I have been going back and forth for the past four years since I was a freshman in college, and I just couldn't decide. Now I feel like it is too late.
I want to make a decision but I have massive FOMO if I choose one option or the other. What was your decision making process for deciding whether to do IB or not?
Should I cold DM people on LinkedIn with the background I am looking for to get their feedback on how to make that decision or will I look like an idiot for asking for "soul searching" advice?
Honestly, you sound a bit lost.
For most people, the decision between corporate and IB is pretty simple: do you want to work less and get paid less or work more and get paid more? Do you like a fast paced, high pressure environment or not? Do you prefer FP&A work or IB/deal work? And since all finance jobs kind of suck at the junior level, which do you see yourself enjoying more when you become more senior?
No right or wrong answers, but the two paths are very different (esp at the jr level). If you are being honest with yourself it should be very clear which is the better fit.
Good luck.
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