I regret quitting... (venting)

In July, I quit investment banking after just a year once my bonus hit my bank. I have been unable to land another job (obviously I haven't tried IB or PE)... I feel like I ruined my life by going into IB. If I had gone the corporate route post graduation, id be employed. I don't know if it's because I'm still unemployed, but I'm starting to wish I was back in IB... Not sure what to do career wise. Is anyone able to share advice? 

 

Based on the most helpful WSO content, it's not uncommon to feel a sense of regret or uncertainty after making a big career change, especially when it involves leaving a high-intensity field like investment banking. Here are some steps and considerations that might help you navigate through this challenging time:

  1. Reflect on Your Decision: First, it's important to remember why you left investment banking in the first place. Was it the work-life balance, the nature of the work, or something else? Understanding your reasons can help clarify what you're truly looking for in your next role.

  2. Broaden Your Search: If you haven't already, consider expanding your job search beyond the fields you've already ruled out. Many skills you've acquired in investment banking, such as financial modeling, analysis, and client management, are highly transferable to various industries and roles.

  3. Networking: Leverage your network. Reach out to former colleagues, alumni from your school, or even professionals in the fields you're interested in. Networking can often open doors to opportunities that aren't advertised publicly.

  4. Skill Development: Use this time to further develop your skills or acquire new ones that align with your career interests. Whether it's taking online courses, obtaining certifications, or even doing freelance work, these activities can make you a more attractive candidate.

  5. Consider a Career Coach: Sometimes, having a professional to guide you through your career transition can be incredibly valuable. A career coach can offer personalized advice, help you identify opportunities, and even assist with resume and interview preparation.

  6. Stay Positive and Persistent: Job searches can be long and challenging, especially in uncertain economic times. It's important to stay positive and keep pushing forward. Remember, every rejection is a step closer to the right opportunity.

  7. Reflect on Your Long-Term Goals: Finally, take this time to really think about what you want in the long term. Sometimes, a step back can lead to a great leap forward in your career. Consider what industries, roles, and company cultures align with your values and career aspirations.

Remember, your career is a marathon, not a sprint. It's okay to take detours, and it's never too late to redirect your path towards something that fulfills you both professionally and personally.

Sources: Advice From an Advisor to Senior Wall Streeters, To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?, Advice From an Advisor to Senior Wall Streeters, Job Advice?

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

Have you tried reaching out to your old team to see if you can come back?

 

Is the job market that bad? I was always told that if you do IB you can do anything. And you become super valuable. Consulting? I mean you are competing with college kids, and I bet other IB firms will see a red flag if you dipped after first year. You would probably be good reaching out to alumni?

 
Funniest

Dolorem quam corporis quibusdam aspernatur error in sequi fuga. Dolorem minus qui ipsum quisquam tempore.

Et necessitatibus omnis placeat neque aliquam inventore eos eos. Unde veritatis sequi ullam iusto neque ducimus. Illo illum voluptatum iure sed est culpa et. Ratione voluptates nobis aspernatur corporis exercitationem. Quo illum porro quasi iste voluptatibus. Molestias asperiores sapiente numquam vel reprehenderit.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”