Advice to a 20 y/o?
Fellas I need some honest to god advice to help some stressI think I speak for a lot of people by admitting that missing the boat on good 2023 opportunities is very stressful (I know that not ALL are done, but a good majority have).I think ive put a lot of pressure on myself by thinking that IB/PE/VC 2023 roles are the only way I can guarantee a strong career path guaranteed with good comp and ultimately happiness. But I obv know that this is not true for so many reasons (especially the happiness component).
But as I continue to try and find good opportunities for 2023 and plan things out, I often get very worried that I've missed the boat on these opportunities and will just have to settle for anything.
For anyone out there who is either currently in the industry, or doing something completely unrelated, please give me your insights/advice on how to navigate my way through this w/o stressing myself to tears. When I take a step back, I recognize that my thoughts are heinous and that I am in a place of privilege to be trying for these options. On top of that, many non finance kids end up graduating and being happy with themselves and their careers.
How can I approach this and stay in a good headspace. Will it all be alright in the future and just look back at this and laugh? Just getting stressed and honest to god don't know what to do if I fail at this. (Also looking for advice on how to approach failure.) EDIT: say I do fail and start out somewhere thats not ideal. How do I work to advance my career and get to somewhere I want to be? Would love to hear stories about this and how to keep a good mindset
Hey man, no specific advice on how to break in. Just want to touch on a few things as I can totally relate to the stress of the recruiting cycle.
TLDR: (1) you're viewing banking with rose tinted glasses, it's nothing like that, you're always someone's bitch (2) career happiness/satisfaction is based on achieving what your own goals are, (3) treat failure as a learning experience, try to better and don't let the the opportunities you missed out on hold you back
1. IB/PE/VC roles give you a solid foundation, good comp and exit opps early on but they aren't the end all be all only path. If they were, you would see more banking lifers than "BB vs. EB exit opps" type posts on this forum. Not to shit on the industry, I love what I do but I'm also not a do two years and exit to PE/corp dev guy. You are always on the clock and always at someone's beck and call. As an analyst its your associate, your associate is beholden to your VP etc. etc. all the way to the top. Am avoiding the term bitch, but that's what we are MD down. Have seen clients dress down very senior MDs like they're children, its humbling and it never ends.
2. Career satisfaction and happiness is determined by your personal goals If it's comp, "high finance" isn't the only way, if it's WLB it's absolutely not the way, if it's exit opps there are many paths
3 Dealing with failure in a healthy way is super super important, no matter which path you take. I try to self evaluate, see what I could have done differently and try to do better the next time around. Does it suck to miss amazing opportunities, sure but that's life man, you win some you lose some.
i felt this.... following
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