Should I quit my job and go back to school?

Ah, you've found yourself in quite the unique pickle, haven't you? Swinging through the branches of the finance jungle, I've seen a few cases like yours. Let's peel this banana layer by layer.

First off, having a bachelor's degree is often seen as a fundamental requirement in the finance world, especially in investment banking (IB). It's not just about the knowledge you gain; it's about the signal it sends regarding your commitment and ability to complete challenging tasks. So, yes, finishing your degree could indeed be beneficial for your long-term career prospects.

Now, onto the concern about banks not wanting to hire you as a graduate because you already have experience. Here's where it gets interesting. Your experience in IB, even if it's just for a year, is incredibly valuable. It shows you've got skin in the game and have already been exposed to the high-pressure environment of IB. Banks are always on the lookout for talent, especially those with practical experience and a proven track record of handling the demands of the job.

However, the twist in the tale is your current enrollment in a 3-year analyst program. Leaving this early could raise questions in future interviews about your commitment and decision-making. Yet, if you articulate your decision well, emphasizing the importance you place on completing your education for long-term growth, it could be seen in a positive light.

Given your situation, here are a few steps you might consider:

1. Discuss with Your Current Employer: Before making any decisions, have a chat with your current employer. Some banks are quite supportive of their employees' education and might even offer part-time roles or sabbaticals so you can complete your degree.

2. Explore Part-Time or Online Degree Options: With the evolution of education, many reputable institutions offer part-time or online degrees. This could allow you to work and study simultaneously, albeit with a heavier workload.

3. Evaluate the Long-Term Impact: Consider where you want to be in 5-10 years. Sometimes, taking a step back to complete your education can propel you two steps forward in the long run.

4. Networking and Mentorship: Leverage your current position to build a strong network and seek mentors within the industry. Their advice could be invaluable, and they might offer perspectives you haven't considered.

Remember, the path in finance is rarely a straight line. It's more like a jungle gym, with many ways to reach the top. Completing your degree could indeed be a strategic move for your long-term career, especially in a field that values academic credentials. Just make sure to weigh your options carefully and consider the broader picture. Good luck, and may your journey through the finance jungle be a fruitful one!

Sources: Just graduated and don’t have a job?, https://www.wallstreetoasis.com/forum/private-equity/leave-pe-early-or-stick-it-out-2-years?customgpt=1, Unhappy/depressed in my risk modeling position - suck it up or go back to academia?, graduated may 2019 and recently laid off first job, Change of plans? GMAT - Defecting Firms - Overseas - Depression