Did it, hate it, what now?

Worked in a bank as an SA this summer, absolutely hated it. Just can't stand the toxic enviornment and the expectation of having to work 24/7. Got in for the wrong reasons e.g. its competitive, prestige, money but honestly the money ain't good enough. 

I want to maintain a social life and personal life where I can work out and meet friends and chill and not worry about work after 6pm on a weekday. 

What are some areas I can explore as a student if not investment banking? All my skillsets are built for banking e.g. excel/ppt/finance/modeling/reading the news.

8 Comments
 

Based on previous WSO threads, here are some areas you can explore if you're looking to move away from investment banking but still want to leverage your existing skill sets:

  1. Corporate Development:

    • Involves working on mergers and acquisitions, strategic partnerships, and other growth initiatives within a corporation.
    • Typically offers a better work-life balance compared to investment banking.
  2. Private Equity:

    • Focuses on investing in private companies and improving their value over time.
    • Can be demanding but often provides more control over your schedule.
  3. Strategy/Operations Roles:

    • These roles can be found in various industries and involve improving business processes, strategic planning, and operational efficiency.
    • Often found in large corporations, startups, and consulting firms.
  4. Business Development:

    • Involves identifying growth opportunities, building relationships, and negotiating deals.
    • Can be found in a wide range of industries, including tech, healthcare, and consumer goods.
  5. Product Management:

    • Focuses on developing and managing products from conception to launch.
    • Requires strong analytical skills and the ability to work cross-functionally.
  6. Fintech:

    • Combines finance and technology, offering roles in payments, personal finance management, lending, and more.
    • Often provides a dynamic and innovative work environment.
  7. Corporate Finance:

    • Involves managing a company's financial activities, including budgeting, forecasting, and financial analysis.
    • Typically offers a more predictable schedule compared to investment banking.
  8. Consulting:

    • Provides advisory services to businesses on various issues, including strategy, operations, and technology.
    • Can be demanding but often offers project-based work with defined timelines.
  9. Real Estate Finance:

    • Involves financing and managing real estate investments.
    • Can offer a mix of analytical and hands-on work.
  10. Startups:

    • Working at a startup can provide exposure to various aspects of a business and a more flexible work environment.
    • Allows you to leverage your analytical skills while gaining experience in different areas.

Remember to set realistic short-term goals and focus on one or two areas at a time to avoid feeling overwhelmed. Networking, industry research, and building up technical skill sets can help you transition smoothly into a new role.

Sources: Lesser known MBA career options? Looking for advice on what to do post-HBS., Not sure if Investment Banking is for me anymore, Unemployed and living in parents' basement, losing hope, Intro to Investment Banking, Regrets Due to Finance

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

Yep, fp&a more likely and will be stuck as an accountant type. Strat fin. Analyst roles also have way slower promotion scale compared to just doing IB for two years first then coming in as an associate

I have worked in FP&A in Management Consulting and did not really touch accounting tasks. We had accountants that were BO and would ask me questions time to time, but I was by no means a bean counter. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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