Hey Everyone,
I am considering leaving my current role in spite of not having an offer lined up and, prior to doing so, wanted to get feedback from the broader group.
For context, I am currently a 1st year analyst working in a back-office function at a BB. Prior to accepting my current role, I had received an offer in IB from a local, lower middle-market firm, however I ultimately turned it down as, at the time, I was confident that I would be able to exercise mobility. Fast forward a year and I am miserable in my current role. Though I genuinely enjoy the people I work with, I have no interest in the work being done within our group and have not further refined any transferable technical skills.
As for my current finances, I did relatively well for myself in undergrad trading derivatives (equity options and index futures) and managing a long-only, equity portfolio and thus have ~$80k in my portfolio. Though I, in no way, want to burn cash from my ‘savings,’ at this point I dread going to work every morning and leaving would allow me recruit full-time.
Understandably, this is not the ideal situation - my roommates say it’s stupid (I don’t disagree) but I wanted to get an outside perspective.
Don't quit your job without having something lined up. It is easier to get a new job when you already have a job. Read the attached article for some more insight.
https://www.investopedia.com/articles/personal-finance/062015/why-it-ea…
Stop giving a shit about this job. Create time to interview/prepare for interviews by calling in sick, take days off, work 9-5, work 11-7, etc.
This is good advice. It's difficult for the overachievers on WSO to understand that doing the bare minimum is totally okay when you aren't looking to advance at that company. You have already determined that you want to leave the job, but presumably you: 1) don't want a resume gap, 2) don't want to "burn" through savings. Thus, it makes 100% sense to do the bare minimum if doing so improves the probability of success in getting your next job (this does not break the 2 criteria I outlined above).
If I were in your shoes, I'd say fuck it. Quit. Life is too short to be worried about a resume gap or burning through savings (if you are even a bit ambitious, you'll 100x that savings over your lifetime). If you believe that you can make the next job happen and believe that you can overcome the "hurdles" of a resume gap, then be a little more courageous/confident, and quit your current job. Sometimes it takes more courage to quit and fight against the status quo.
are you in the same building as the investment bankers? if so, you are half way there.
go through company directory, ask to meet with analysts first, then associates, have associates introduce you to VPs and boom you are in. OK its not that easy but you are IN the door.
do not quit your job, the most idiotic thing you can do