Tired of IB already. What alternatives are there?
I am a first year analyst at a BB/EB and started around 4 months ago. To be blunt, I have learned very quickly that this job is simply just not for me. It's nothing against my bank or group, but I just genuinely dread every single day and have absolutely no interest in the work I am doing. In college, I did a few internships in strategy as well as IB and was naive at the time and went gung-ho for IB for FT. I am certain I will not make it through 2 years and not even sure if I will make through 1 year.
Want to hear what alternatives there are out there that people have seen. What are realistic alternatives with my background and less than 1-2 years of experience under my belt. I know that is is very uncommon for analysts to leave before 1-2 years, but from the few people that you have seen do it, where did they go? I have been looking at a few corp dev and real estate roles, but just don't know what avenue to go down cause like I said, I went gung-ho for IB back in undergrad and don't really know anything else.
Thanks in advance for the responses
Nah it’s common. Someone left my group after 4 months for entrepreneurship, another left Gs tmt after 3 weeks another left Evercore after 2 months. Happens all the time and as long as you don’t go into finance, your firm shouldn’t push back
- consumer brands are typically more fun, dealing with real life products is not boring IMO; think Apple, Verizon, car OEMs, etc
- if you get bored easily, try consulting - more diverse topics and clients; plus travel at some point in the future
Banking in general is mostly interesting if you have a passion for the industry, maybe also in economy, or banking related things like payments, networks, regulatory aspects or similar.
By consumer brands, do you mean doing strategy or ops for them? Main issue I have with banking is all the inefficiencies as well as the dry and unnecessary work. I understand that as a recent grad in their first role they won't be working on groundbreaking work, but since I have started, I literally have not found a single thing I have done interesting yet
Some people are not that keen to work on "invisible, non-tangible products". Examples are services like a payment scheme, insurances, professional services, etc - stuff you can't touch. If you work on more tangible products, there is a huge advantage that you can see changes, improvements, and can "touch" the things you work on. on a smaller scale this would be electronics, a media streaming service, a mobile phone network & services, a car you can drive, food you can eat, fashion you can wear, buildings within RE, ETC. a million things come to mind. I have previously worked on products like that and it was an amazing feeling, very different. What you do there is up to you - they need all kinds of people (strategy, corp dev, accounting, M&A, CVC, ..)
All larger companies are, to an extent, inefficient. they all have weird things staff have to do. A very long time ago I had to assemble (copy & paste) a list of codes for terminals, even though that was in databases and nobody knew how to pull them automatically. there is tons of stuff like that around in all companies. if you want more responsibilities then read reviews on glassdoor and interview people who work there already.
Also, sitting in an office to work on spreadsheets, emails and powerpoint is kind of boring as it is. Don't expect any rocket science to happen in other companies. Unless you work for SpaceX.
Maybe you are not born to work in office jobs? what are your hobbies?
[Quit] and think about what you want.
You got into this situation by following the crowd - the crowd isn't going to be able to put you on the path that you actually want to go on.
What are you interested in? So many jobs out there
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