Quit Banking after 3 months

Well turns out I did not enjoy banking after all. Started as a recent graduate and just have my 2 weeks after 3 months on the job.
Banking was not for me, the PowerPoints, the legal jargon, having to do email chains in order of rank, and the rest of the nonsense wasn't for me. The 100 edits an hour before a Pitch when I sent the deck days before. The nitpicky shit that is so meaningless. Being a slave to companies/PE/strategic buyers was brutal.

Landed at a large single manager HF. I have always loved the public markets and was going to stick it out for 2 years until I had a chance to make the switch, but an opportunity came up that I could just not pass on.

Goodbye & good riddance banking - my cup of coffee in banking will not be missed!

Comments (38)

  • Associate 1 in IB - Cov
Sep 30, 2021 - 3:36pm

How did you find the HF opportunity and how did you land a job after only 3 months of experience? Congrats.

  • NA in IB-M&A
Sep 30, 2021 - 4:00pm

I had previous public market experience throughout college

  • NA in IB-M&A
Sep 30, 2021 - 6:24pm

Let me clarify, I left with offer in hand from new shop. Had this not been the case I would've stuck it out until an opportunity that made sense came around.

This is probably fairly uncommon, but definitely people

  • Analyst 1 in IB - Gen
Oct 1, 2021 - 3:01am

How were you able to find time to prepare for interviews / carry out the interviews? In 3 months, I am assuming you were busy learning the ropes, potentially studying for the FINRA exams, and etc... Congrats nonetheless. 

  • NA in IB-M&A
Oct 1, 2021 - 10:43am

I completed one of the required FINRA tests. The shop I am headed to is close by to me on the West Coast, so was able to get some in person interaction. Had build a relationship with them over the years and they lost an employee and timing just worked out.

  • Prospect in IB-M&A
Oct 1, 2021 - 12:31pm

Congrats. But when you say you had  "previous public markets" experience in school, what do you mean by this? Clubs?

And how did you convince them to take a chance on you versus someone more experienced? I imagine because you're well-versed in investing, and during the invertiew process, you detailed your opinions about the market and certain companies/investment opportunities?  

  • NA in IB-M&A
Oct 1, 2021 - 2:16pm

Had several internships/part time jobs at funds throughout school. Mostly smaller shops, but direct access to PM, etc.

I am by no means an expert, but I am well versed on the investing side of the book & can articulate a thesis on a strong manner. I was able to present actionable ideas to the fund that were not judt your typical buy google-amzn pitch. These were specific

  • NA in IB-M&A
Oct 1, 2021 - 2:18pm

Specific to the fund (ex: small-cap tech) and even got so as far to convince a Pm to put one of them in the portfolio.

  • Prospect in IB-M&A
Oct 1, 2021 - 2:31pm

That's aweseme. Sounds like your passion for the markets was evident, as was your hard work... congrats.  

  • Analyst 1 in IB-M&A
Oct 2, 2021 - 12:59pm

Do you have advice to prepare interviews? I have no prior experience in public markets nor actionable stock pick yet, but not sure where to start.

Thanks a lot

Oct 3, 2021 - 10:42am
NoTolerance, what's your opinion? Comment below:

I'd always wondered about the day to day in banking. Glad you found out and now know what you don't like.v

  • Analyst 1 in IB-M&A
Oct 5, 2021 - 11:45am

Lucky SOB. Congratulations and fuck you. Brb turning comments for meeting in 4 hours.

  • Associate 1 in IB - Restr
Oct 5, 2021 - 11:26pm

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