Seeking Career Advice - Career Transition and Work-Life Balance
Hi everyone,
I've cultivated a strong professional and academic foundation, but I've grappled with work-life balance issues for several years, which has taken a toll on my mental well-being. My journey led me to seek a new career in Western Europe after leaving my home country due to a war.
A bit about me: graduated from top-tier uni in my home country + recently completed a second master's in Management from a top European business school; 0.5 years in audit, 1 year in M&A Advisory (both at Big-4) and 2 years in VC.
Throughout these roles, I've consistently faced challenging work hours, and I've found myself burning out. At times, I've often felt totally disinterested in my work and have been driven more by the need to continue what I've started rather than interest or passion. While I remain committed to building a successful career and not ruining the effort I've put in, I've come to the realization that high-paced, high-stress roles may not align with my personality type.
Since relocating to Western Europe a year ago, earning my degree from a renowned university, and working remotely in the VC fund from my home country, I've been dissatisfied with my compensation and the strain it places on me. This has prompted me to explore new career avenues, but I'm feeling somewhat lost. I'm grappling with a dilemma involving several factors such as growth opportunities, compensation, and job stress:
- good work-life balance, generally no overtimes
- high remuneration (at least in a longer run)
- no "deep" finance/accounting involved (that is actuallly the reason I liked VC much more than M&A advisory)
I already thought about trying corporate strategy or switching to a tech industry which seems interesting to me (something like product management although I have no idea how to get there with my current background and whether it is a correct choice etc.). Another crazy idea that I had is switching to software development although I do not know a lot about it. So I feel really lost here and would be grateful for any advice.
Your insights would be incredibly helpful as I navigate these decisions. Thank you in advance!
Hey there,
First off, kudos to you for recognizing the need for a change and taking steps towards it. It's not an easy thing to do, especially when you've invested so much time and effort into your current path.
Based on the most helpful WSO content, it seems like you're not alone in feeling burnt out and seeking a better work-life balance. Many have found themselves in similar situations and have successfully transitioned to roles that better suit their needs and lifestyle.
One of the key things that stood out to me is your interest in the tech industry and product management. This could be a great avenue to explore, especially given your background in VC. You already have a solid understanding of business strategy and what makes a company successful, which are crucial in a product management role.
As for the transition, it might be helpful to start by networking with people in the industry. Reach out to alumni from your university or previous colleagues who have made similar transitions. They can provide valuable insights and advice on how to make the shift.
Another option could be to take some online courses or bootcamps in product management or software development. This could help you gain the necessary skills and also demonstrate your interest and commitment to potential employers.
Remember, it's okay to feel lost during this process. Career transitions are rarely straightforward and often involve a lot of trial and error. The important thing is to stay open, keep learning, and don't be afraid to take risks.
I hope this helps and I wish you the best of luck on your journey!
Sources: Quitting IB in 2023 - Burnout, Who wants a better life? I want to help., Advice from people who left?, Burned out at dream job - time for a change?
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