Worried and unmotivated by career prospects

Reposting.
Feeling extremely unmotivated for career opportunities in my final year at college. I thought IB was what I wanted to but it seems like the people I talked to hated it so now I'm feeling ambiguous towards it. Probably can't make it into IB anymore since mental health and other stuff (e-learning during pandemic) took a toll on my gpa and brought it down to a 3.0. I just feel extremely lost on what I want to do in life with no answers in sight and feeling like everything is slowly spiraling out of control. I'm posting this on here to see if anyone relates and to ask people in finance careers how they are feeling now and if they have any advice for people like me? Also for those in IB, do you enjoy it? What motivates you? What drew you into banking besides money? 

16 Comments
 

Two thoughts.

1) asking others why they're in IB shouldn't influence your career decisions. What do YOU like to do? What are you interested in? Too many people enter the industry for prestige/external validation and burn out way too quickly

2) these are convos you should have while networking, not on an anonymous forum. Hit up any alum you can find and just have a convo - this will provide more insights/opportunities than you could imagine

 

thanks for commenting friend! I was always told to reach out to people in the industry to get a sense of what the job would actually be like but a lot of analysts/associates I talked to said to be very careful in my decision and to make sure I was passionate about IB. Secondly, I have no idea what I want do because I haven't experienced anything. I am confronted with a multitude of career options but I have no idea what I want which makes it very difficult to make a decision. I decided that I should just look to jump into whatever is available at this point and see whether I enjoy it or not. Most of the time when I network, the questions usually center around their jobs so I will definitely consider your advice and just sit and talk to them like a regular person but I would appreciate any help you can provide! 

 

Hope you’re well mate. First things first, if you need mental health help, seek it - no shame with that.

As far as career, you haven’t really given much context. You just said you thought you liked IB but prob won’t get it and don’t even know if you want it. Okay but like theres a thousand different career paths in finance and million more out there outside of finance

It’s no secret banking is mentally and physically tough for a lot of people but most people do it for the comp and for career trajectories

 

Thanks for commenting, friend! I quit pre-med 1st year since I did not want to spend most of my early adult life in school and wasn't as passionate about it as others (basically parents wanted me to go this route). I decided that I wanted to go into finance or business and did not get accepted since I was one credit shy of the requirement due to not paying attention to my classes and trusting my advisor (appealed and failed). I decided that I still wanted a career in finance so I decided to opt into majoring in Economics which is outside of the business school. I developed quite an interest for equity markets and investment banking but realized that my chances were very slim unless I worked hard. 2nd yr I gave up on friends and opted to hit the books and forget about the social aspect of college which took me into a rough spiral which was very counterproductive and my poor grades reflected that (also was down since I didn't get into the B-School and realized I had no idea what I would do as a career if it wasn't finance/what I would tell my parents). Econ was a very math intensive major which I didn't realize when I haphazardly declared it as my major and I always struggled at math. But I was taking the necessary steps to ensure I learned (took extra tutoring/went to office hours for help etc.) Then, Covid happened and I was forced back home struggling to learn math without proper context since it was all over zoom and struggled mightily. This further perpetuated that cycle of "Oh shit I'm not going to get into banking and basically fucked for a successful career" and sent my mental health down the drain along with social isolation during the pandemic. Now, I am at a point where I realize how much I was in over my head and that I have a long career ahead of me but am struggling to figure out which avenue I want to go towards. I would love to get into investment banking since I spent most of my time reviewing guides and studying technicals (essentially the only type of interviews I prepared for) but I realize that might be a very steep uphill road to even getting somebody to answer me since I am now in my final year. I hope this serves as enough context to understand my original post but I appreciate any advice or thoughts you have on this!

 
Most Helpful

As others have said, seek help if you need it. You seem overwhelmed and it’s important to get yourself “healthy”. 

As for careers, geez it’s just so early in your life. Many people around you will seem like they know exactly what they want and have a plan. The truth is, almost no one at that point in their lives really knows what they want. You are usually just following what you know and have heard up until that point (IB or consulting or law). And that’s fine, but the reason you see so much turnover and the posts about hating a job is that it’s so hard to know what you want when you are in college and it’s completely different to live out those 80-100 hour weeks vs thinking about them. 

There are SO many career paths out there, so many that offer good lifestyles. I started in a completely different industry, as did many of my friends. Try to find things you are passionate about, and realize you probably won’t get it right on the first go. I’m on my 3rd career now, and I love finance, but it took me a while to get here. You’ll be fine, if you make sure to get yourself healthy and feeling more grounded. Much more than the career is your mental health. 

 

Hi friend, thanks for replying! It took me up until this year (senior) to realize that I have a long career ahead of me. It becomes really hard to contextualize how much time you have left when all your friends and others are getting prestigious jobs in IB/Consulting/Tech. It makes it seem like college is the culmination as each year removed from college, the barriers to entry for these jobs become much more limited. Most alumni from my school haven't trekked an uphill battle as they followed the typical route of getting a FT offer and lateraling into jobs from there so I never heard people getting into high finance careers from nontraditional paths like yours! I appreciate your comment and hope that this thread helps others like me realize that there is much more life to go!

 

Yeah I went to a “target” school, so my friends were also entering these “fancy” jobs. But I didn’t really know what I wanted, I also wasn’t ready for those careers. So it took me a while, but I leaned a lot about what I like and don’t like and what I wanted out of a career. I went from $50k -> low 7 figures over 10 years in comp, by mostly following my passion. So now I have work I love and make a great living, but to be honest, I also had a great time back when I was making $50k, there is a lot more to happiness than money. 

 

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