Torn between staying and leaving

For those who stayed on as an Associate/VP or even higher in IB and eventually left the field, what ultimately prompted you to jump ship? I'm about to be ASO2, and I feel kind of lost on next steps. On one hand, I do like my team and I just got a really good performance review which was uplifting. I like the work to an extent, but I really dislike how quickly the job can get out of hand and how unpredictable it can be. I can see myself staying on for a few more years (or even longer), but I'm not totally sure if I see banking as the final destination. I'm in a product group so there are a far share of A2A promotes who have stayed on for a long time and risen up to director, even MD.

I'm struggling because I feel like I have pretty good job security as of now (knock on wood) with a team that has a pretty good culture and I'm not getting crushed on a daily basis, so whatever potential job I would switch do may likely be less pay, less security and potentially more work and unknown culture.  

Would be curious to know for those who left at this stage 1) the level when you decided to quit 2) what prompted you to make the push. Was it internal factors that changed at your previous job, or did an external opportunity come up that was too good to turn down? 

12 Comments
 

Based on the most helpful WSO content, many professionals in your position have faced similar dilemmas. Here are some insights from those who have walked this path:

  1. Level When They Quit:

    • Many left at the Associate or VP level, often after 2-3 years in these roles. Some stayed longer, but burnout or lack of fulfillment often became the tipping point.
  2. Reasons for Leaving:

    • Internal Factors:
      • Burnout and loss of interest in the work were common themes. As one user noted, the repetitive nature of deals and the lack of personal fulfillment made them question their long-term goals.
      • The unpredictability and demanding hours, even in teams with good culture, often became unsustainable over time.
      • A desire for more control over their life and schedule was a significant motivator.
    • External Opportunities:
      • Some left because they found opportunities that aligned better with their personal interests or long-term goals, such as roles in private equity, hedge funds, corporate finance, or even entrepreneurial ventures.
      • Others transitioned to industries with better work-life balance, even if it meant a pay cut, as they valued time and flexibility over compensation.
  3. Key Considerations Before Leaving:

    • Job Security vs. Risk: Many echoed your sentiment about the trade-offs. Leaving a stable, well-paying role for something less certain can be daunting.
    • Passion and Fulfillment: Those who left often emphasized the importance of pursuing roles that felt meaningful or exciting, even if it meant stepping into the unknown.
    • Timing: Some suggested that if you’re considering a switch, it’s better to do it earlier in your career rather than later, as the opportunity cost increases with seniority.
  4. Advice for You:

    • Reflect on what you value most—whether it’s stability, compensation, or personal fulfillment.
    • Consider exploring opportunities while staying in your current role. Networking and informational interviews can help you gauge what’s out there without committing to a move.
    • If you’re unsure about leaving, some professionals have taken sabbaticals or short breaks to reassess their priorities before making a decision.

Ultimately, the decision to stay or leave is deeply personal. As one WSO user put it, "The best path is forward—figure out what you’ve learned from your experience and use that to shape your next steps."

Sources: Exit as a VP because lost interest, Anyone Regret Quitting their Investment Banking Job?, Questions about VP/D/MD levels at investment banks, A Guide for Switching From Commercial Banking to Investment Banking, Quit IB after a month

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

I'm in a very similar position as you and I'm looking to leave soon. 

I'm an ASO1, in a niche capital markets group with a good culture, clear upward mobility to VP+, and decent deal flow. I find my work fairly interesting, however, my wlb is poor for my seniority.

While I have clear line of sight into a mid six figures comp with better wlb (~60 hour weeks excluding travel) it feels naive to stay at my first job out of school without exploring other opportunities. High-level, I'm leaning towards leaving for the following reasons:

  • WLB: While my long-term wlb looks decent, short-term working 70 - 100 hours a week is brutal. The job has limited my time spent with family and friends. My health has severally declined since graduating from school from the lack of sleep and sitting at my desk all day.  
  • Exploring Other Careers: This is the only job I've had post graduation. I've had enough success thus far where I feel I can do something else for a year and still be able to head back to banking. Being complacent around this job because it isn't awful is not a good way to live life. I would be dissappointed in myself to at least not try something else.
  • Job Security: This isn't a driving factor, but rather a consideration. Short-term, my job security is strong. I've consistently been top bucket, have strong relationships with my senior bankers, and my team has strong deal flow. However, there is no guarantee that my job security remains strong long-term. At the senior level it will depend on my own revenue generation, which I have no experience in to date. Mid-levels and seniors are also more suspectable to market events that pose a risk to job security.
 

Thanks! I'm still a bit undecided on next steps. I'm leaning towards an investment position at an Endowment Fund or LO AM. Being an investor with better wlb is appealing, but landing a role in either space is quite difficult with so few seats available. I'm also considering buyside IR and PC/DL at a down market firm to support wlb.

 

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