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?
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:
Level When They Quit:
Reasons for Leaving:
Key Considerations Before Leaving:
Advice for You:
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
Bump
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:
Thanks for your thoughts. You do make a good point about trying something new besides first job out of undergrad. Best of luck! Just curious, what kinds of roles are you looking for post IB?
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.
Hey - did you end up leaving? If so, where to and how has it been?
It was a difficult decision, but I did end up leaving. I work in LO AM now and have been enjoying better WLB and not having to deal with the client service aspect of the job. What about you?
Following
I'm the same year as you, in BB Coverage. I got a top bucket ASO1 review, but ultimately I'm out of here. The past ~2 months have been absolutely heinous for me and I'm not doing another go-around. Recruiting for buyside and corp dev
Is it difficult to recruit for buy side as an associate 1?
Did you end up making the move?
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