Is pursuing a post-MBA IB career even worth it for me at this point
I went to a non target state school and graduated with a 3.2 GPA. Landed a job at top 3 insurance broker (think Marsh/Aon/Willis.)
Right now, I am 23 years old making $65K and working less than 40 hours a week, take 2 hour lunches, meeting with clients outside the office all the time, and get to wear jeans multiple days out the week. (Non-NY or London office, so rules are really relaxed at my location.)
However, this job is so boring to me. I am not really interested in IB for the work, it's more about the allure of being surrounded by smart people. Ofcourse... also makinh double my salary.
The thing about insurance is its an old industry with so many old people retiring soon which is a good thing for me I guess. This job also gives me great WL balance to perhaps start a business.
I just dont know if going through the hassle of getting into a top MBA just to work 90 hours a week is worth it.
I feel like trying to make it in IB is just as risky as starting a successful business at this point. Hedge Funds are a collapsing industry unless you're well connected. PE recruiting is out for me. I don't want to spend so much time attempting to get a career in a job that I would probably quit after 3-4 years just to make $100K in Corp Strat. I can make that just by staying in insurance.
Thoughts
No. It’s a lot of work to get there, and it doesn’t sound like you are actually interested in investment banking.
Dude, if you don't want it then its too much work to do it.
As you get older you'll value the work/life balance.
It's a phallacy that IB people are smart. Many are idiots who simply played the game right or had the right connections.
I have plenty of friends in insurance who make 6 figures and have a great work life balance.
I'd say if you're in a good firm and want to earn more you look at getting to a Top office and pushing for promo, focus your energy there,
Don't know if it was intentional or not, but phallacy and fallacy are two different things. The former being a lie about your phallus and the latter being a mistaken belief or logical failure.
https://www.urbandictionary.com/define.php?term=Phallacy
https://en.wikipedia.org/wiki/Fallacy
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