Should I do IBD?
I am 24 years old 2nd year Analyst in Corporate Banking. I earn approximately ~$120-$130K a year and work 40-60 hours a week (lower especially with COVID-19 but longer hours if I get staffed on a live transaction). My all-in is expected to be $200-$250K when I become an Associate.
While I am fine with becoming a career banker in this field, my fear is that I am not learning technical skills that IBD people can get. Internal transfers are pretty big in my company and I can definitely aim for IBD laterals down the road. Should I do it? Is it worth it? If I do, can I still aim for PE?
I just feel like I am consistently fighting with my inner-self on whether to pursue IBD or not as all my peers are doing it.
No
Are you happy? Do you have long term income and career goals? FOMO is a terrible reason to leave a job that you're happy with.
Honestly, your crushing it and not working shitty hours. You could always get an MBA and get a senior role in another field later if you want.
Technical skills are overrated. If there's growth prospects to move up within your firm / group / specialty then go for it. Depends what you want.
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