regret not studying finance; IB FOMO; need advice/insights

It sounds like you're at a crossroads, and that's completely normal. Based on the most helpful WSO content, here are some insights and advice tailored to your situation:

1. FOMO and Regret About Not Pursuing Finance Earlier

• You're not alone in feeling FOMO about IB or finance. Many people experience this, especially when surrounded by peers in high-prestige fields. However, it's important to remember that IB isn't the only path to success or fulfillment. Many threads on WSO highlight that while IB offers money and prestige, it often comes at the cost of work-life balance (WLB) and mental health. If you value WLB and mental health, it's worth considering whether the trade-offs align with your long-term goals.

2. Your Skillset and Interests

• You mentioned enjoying finance classes and working with Excel, which is a great foundation. However, you also recognize that the IB lifestyle might not suit you. This self-awareness is crucial. If you're drawn to finance but want a more balanced lifestyle, consider roles like:
  • Investor Relations (IR): Your marketing background could be a strong asset here. IR involves communicating with investors, managing corporate messaging, and understanding financials. To transition, you could:
    • Gain experience in corporate communications or PR.
    • Learn financial modeling and accounting basics (WSO courses can help).
    • Network with professionals in IR to understand the field better.
  • Corporate Finance or FP&A: These roles offer exposure to financial analysis and strategy without the grueling hours of IB.
  • Consulting (Big 4 or MBB): Consulting can be a great middle ground, offering prestige and intellectual challenge with slightly better WLB than IB. To break into consulting:
    • Build a strong resume with leadership and problem-solving experiences.
    • Network with consultants and alumni from your school.
    • Consider an MBA if MBB is your goal.

3. MBA as a Pathway

• An MBA could be a great way to pivot into finance or consulting. Top programs value diverse backgrounds, and your marketing experience could set you apart. To strengthen your MBA application:
  • Excel in your current role and take on leadership opportunities.
  • Study for the GMAT/GRE and aim for a competitive score.
  • Network with alumni and professionals in your target industries.

4. Balancing Career Ambitions with Personal Goals

• Many WSO threads emphasize the difficulty of balancing IB or consulting with personal life. If having time for family, friends, and dating is a priority, roles with better WLB might be a better fit. Consulting, corporate finance, or IR could offer a more sustainable balance.

5. Next Steps

• Short-Term: Focus on excelling in your current role and building transferable skills (e.g., financial analysis, communication, leadership).
• Mid-Term: Explore roles in IR, corporate finance, or consulting. Use your network and platforms like LinkedIn to connect with professionals in these fields.
• Long-Term: Consider an MBA if you want to pivot into IB, consulting, or a senior IR role.

Final Thought

It's easy to romanticize IB or finance, but as you've observed, many professionals in these fields are unhappy despite the money and prestige. Success isn't just about the title or paycheck—it's about finding a career that aligns with your values, interests, and lifestyle goals. You're already ahead by recognizing what matters to you. Keep exploring, stay curious, and don't be afraid to pivot if your interests evolve.

Sources: Why Would Anyone Go Into Consulting?, Transitioning from tech to a serious finance job (yes, you read that right), Q&A: Non Target. Non Diversity. No Networking. BO to MO to FO at BB., Post MBA IB associates, how did you know you could handle the life?, Are you guys happy with life? Help me please.