Next move - A2A wanting out of banking (not US)

Hey all,

Rather than look through old posts and try absorb wisdom as usual, thought I’d just post one and try get some personal advice. 

1st yr Assoc at BB in APAC region. Spent 2.5 years at lower BB before moving across (US BB), currently 6 mths into this seat. Planning to stay until early 2026 to get my bonus and bounce into a better role. Getting sick of the IB grind and not sure I need the money, just keen to try a better lifestyle and focus on personal happiness. 

idea was sparked by another poster that discussed a strat fin role at discord. Nothing really like that in my region, would be an awesome role, but people tend to stay in IB given lack of alternatives and it is the highest paying job. Always been interested in tech/VC however (CS background -> IB) but given lack of opportunity not something I strongly pursued. 

Not sure what next move is whether to exit into something asap or just bide my time and internal transfer to NYC in late 2027 and then see from there, but I’d be 28 by then and 6 years is a long time in banking. Dream of mine is to work in the states in tech, not sure of any other pathway into the US without internal transfer at my bank 

All my friends seem to be planning to grind until VP/30 years old and quit after they really can’t take it anymore. Although seems short sighted to me - aiming for short term wealth rather than setting yourself up for the next couple of decades. I really can’t see myself as an MD and I’d rather not find myself a washed up VP with no other alternatives. 

Considering as well everyone in the US tends to go BB to MF and people of equivalent age would be staring down the end of their 2nd year in PE, can’t help but feel I am behind US peers despite PE not being a huge option in my region. Although would say the difference in Asia is that it runs much leaner and juniors tend to work up more with client interaction fairly early, so maybe the additional years exp in IB still useful and prestige/branding/perception in recruiting still strong. 

Sorry for the long post but hopefully somewhere out there relates and has some advice. This forum is quite US centric so hopefully somewhere friends in Asia/EU can share perspectives. Maybe someone please tell me NYC is not the be all end all even tho I love it there (when holidaying)

3 Comments
 

Based on the most helpful WSO content, here’s a breakdown of your situation and potential next steps:

  1. Exiting IB for Tech/VC:

    • Your background in CS and interest in tech/VC aligns well with roles in strategy finance or operational roles at tech companies. While opportunities in your region may be limited, networking is key. Consider reaching out to tech companies with a presence in APAC or global firms with remote opportunities.
    • If VC is your goal, early-stage VC roles often value operational or entrepreneurial experience. You could explore roles at startups or tech firms to build relevant experience before transitioning to VC.
  2. Internal Transfer to NYC:

    • An internal transfer to NYC could be a viable pathway to the US, especially if your bank has a strong presence there. However, waiting until 2027 might feel like a long grind. If you’re set on the US, start building relationships with colleagues in NYC now and express interest in transferring earlier.
    • Keep in mind that NYC isn’t the only hub for tech/VC. Consider other US cities like San Francisco, Austin, or Seattle, which have thriving tech ecosystems.
  3. Timing Your Exit:

    • Exiting IB after securing your bonus in early 2026 is a reasonable plan. However, if you’re already feeling burnt out, it might be worth exploring opportunities sooner. The additional years in IB can add value, but they shouldn’t come at the cost of your mental health or long-term happiness.
    • If you’re concerned about being “behind” US peers, remember that the APAC IB experience often provides earlier client exposure and deal responsibility, which can be a strong selling point in recruiting.
  4. Alternative Pathways:

    • If tech/VC opportunities are scarce in your region, consider pursuing an MBA at a top US program. This could open doors to tech, VC, or other roles in the US while also providing a structured pathway for relocation.
    • Another option is exploring roles in corporate development or strategy at large tech firms, which often value IB experience and can serve as a stepping stone to VC or operational roles.
  5. Perspective on NYC and Lifestyle:

    • While NYC is a fantastic city with abundant opportunities, it’s not the only path to success. Many professionals in tech and VC thrive in other cities or regions. Focus on finding a role and location that aligns with your long-term goals and desired lifestyle.
    • Prioritizing personal happiness and a better work-life balance is a wise move. The IB grind can be rewarding, but it’s not worth sacrificing your well-being or future aspirations.

Actionable Steps:
- Start networking with professionals in tech/VC, both in your region and globally. Platforms like LinkedIn and alumni networks can be valuable.
- Research MBA programs or other educational opportunities that could facilitate a transition to the US.
- Explore internal transfer options at your bank and communicate your interest in relocating to NYC or other US offices.
- Consider roles in corporate development, strategy, or startups to build relevant experience for a future transition to VC.

Remember, your career is a marathon, not a sprint. Focus on building a path that aligns with your goals and values, rather than comparing yourself to others.

Sources: Q&A: Mega Fund Associate - Asia Pacific Edition, Quitting major Investment Bank in NYC after 2 months...?, For Those Considering Banking - Some Broad Advice, A2A - what has been your experience ?, I recruited on-cycle too early

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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