Help me find a field that I actually like and get out of this
So I'm a new financial due diligence staff and I got into the field hoping to lateral into IB. I however, feel completely disillusioned with the work I do. I am not enjoying working on client deliverables, and I don't feel like this is what I was interested in in finance. The team I got placed in is pretty bad, and I realized that I drank the big 4 kool aid. I feel that nobody is passionate about the job, and a lot of wackos and psychopaths in this industry. Maybe it's just that I'm new and in a transitional period. But I am hating this. I am interested in maritime, and shipping. I don't even know if I'm really interested in finance after all. I do think I'd enjoy researching about the shipping field, and the companies in the field, but I feel like all client-based work is so BS and annoying. A ton of psychopaths in anything client-facing. Maybe Equity Research for shipping is what I'd like? I'm not sure. Is there any research-based finance role related to shipping?
Based on the most helpful WSO content, it seems like you're at a crossroads, and that's okay. Many professionals in finance go through similar phases of disillusionment before finding their niche. Here's some actionable advice tailored to your interests:
Equity Research in Shipping: Yes, there are research-based finance roles focused on the shipping industry. Equity Research could be a great fit if you're interested in analyzing shipping companies, understanding industry trends, and producing reports. This role is less client-facing and more about deep dives into specific sectors, which aligns with your interest in maritime and shipping.
Maritime-Focused Investment Roles: Consider roles in private equity or asset management firms that specialize in shipping or maritime investments. These firms often look for individuals with a passion for the industry and a strong analytical background.
Corporate Development in Shipping Companies: Many shipping companies have corporate development or strategy teams. These roles involve analyzing market opportunities, mergers, and acquisitions within the shipping sector, which could be a blend of finance and your interest in maritime.
Transitioning to Equity Research: If you're serious about moving into Equity Research, especially in a niche like shipping, start by networking with professionals in the field. Use LinkedIn or alumni networks to connect with analysts covering the shipping sector. Additionally, build your knowledge of the industry by reading reports, following key players, and understanding the dynamics of the maritime market.
Exploring Non-Finance Roles in Shipping: If you're questioning your interest in finance altogether, consider roles in shipping companies that aren't finance-heavy. For example, roles in operations, logistics, or market analysis within the maritime industry might align better with your interests.
Reassess Your Career Goals: It's worth taking some time to reflect on what you truly enjoy. If client-facing work isn't for you, focus on roles that emphasize research, analysis, or strategy. Remember, it's okay to pivot early in your career.
If you're leaning towards Equity Research, check out this guide for more insights:
Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1)
url: https://www.wallstreetoasis.com/forum/equity-research/worklife-balance-…
This guide can help you understand the demands and expectations of Equity Research compared to other finance roles.
Sources: Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1), Future of Equity Research - 12+ Months into MIFID II, Breaking into buy-side equity research - my experience, Anyone start in RE and end up leaving for another industry?, Most academic style of investing that requires the most thought?
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