New Analyst: want to leave, what are my options ?
I hate this job.
I need to leave now. What are my options:
Looking for normal 40 hour week and 100k salary. Not being funny or anything
I’m burned out, used to want to do 2IB 2PE, but fuck that. Working until 3:00 am every single fucking day while my associates sit on their ass and don’t do NOTHING at all.
I’m done. I need to leave. Whats the job niche where I can make good money and benefits and have good WLB ?
Willing to switch industries idgaf about finance
bro just wait to become an associate and then sit on your ass and get paid 3-450 or exit to MM or even LMM PE or shit even a small hf. You did most of the hard part and now you want to dip with nothing to show for it? Your "40 hour" corp dev gig might turn into 60 who knows bro, grass is not greener
Dude I'm a year in and I actually hate the job. I got a good review and even got to go to client meetings recently, nothing about it is inspiring to me. If you can push a year and then go strat finance or corp dev, you can make $120k~ at 23/24 years old and have a path towards a pretty fair $300-500k type job down the line with decent hours.
I am sticking it out two years because why not, but I don't like it at all. I was excited at the start but I realize what you're saying is true, so much of what we do is based on phony deadlines and meaningless rules/expectations. Would rather work for a real company where you are trying to collectively strive towards some actual tangible goal. Consulting would be better if you want another high finance type gig with weekends to yourself but it's not easy either.
Honestly that's pretty much my exact goal with starting out in IB. Do you pretty much have to do IB before moving into one of those roles or can you just go straight into them? My problem is that I go to an LAC with fairly strong connections in "high finance" due to a good alumni network, but since we have no business school or even finance/accounting classes I don't know if I'll have the background to pull it off straight out of undergrad
You can just go into FP&A and have your way to PE and HF if that's really what you want
Stop listening to boomers claiming you got to be their slave for 2 years in IB to reach success in life. They end up at HF having a 2% yearly return on their portfolio. It's easy to outperform them. In your case the time saved would be relocated in order for you to be trained and gain experience on the financial market
Corporate Banking... Cleared $135k last year as a first year, work about 40-45 hours a week.
Congrats, that’s solid! What are you thinking you’ll make as a second year analyst / what is your understanding of how it’d look at ASO level and above
ASO1 TC is about $200k give or take. I would say it probably caps out at $300k around the VP level. As for my second year, I'm hoping to bring in $145k give or take.
$100k really isn’t a lot in this economy…
Recognise that you will be poorer for the rest of your life and more bored with a job with far less prestige if you move into a corporate/corporate banking role. That’s cool if you’re that kind of person, but it can easily kill your soul and ambition. No one does IB because it’s fun or easy, they do it because it will be a mark of competence and work ethic on your resume for the rest of your life if you stick with it. You can pivot easily as an associate if you still hate it then.
You must be fun at parties.
i'm sure the prestige feels really good when half your hair is falling out and you haven't seen your family in the past two months
You realize as you get older that prestige is actually something valuable. It gains you respect, particularly as a man.
Whereas anyone under 30 can still gain friends and relationships by being young and relatively attractive, aging is a b*tch, and if you don’t have prestige, you risk being the sad lonely old man at the bar on a Friday night. Or the divorced, depressed alcoholic. Or the miserable man stuck in a marriage he hates.
Prestige and your career are not everything, but they sure are something. Having a boring, cushy 9-5 may sound good now, but really think about if it’s what you want to be doing for 40 years.
bumping
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