Should I stay on the High Finance path?
Making this post to get some outside perspectives, as I am currently facing a dilemma.
Just finished first year of IB (MM Levfin), with the ultimate goal of recruiting off cycle for a PE/HF role and then starting my own business after a few years of buyside experience.
Have a few friends / acquaintances from back home that started an Insurance Brokerage and they have been killing it. I recently put one of my older family friends in touch with them and he has also been killing it (10k+ a week in commission) immediately after joining. Have also worked with this family friend before (during college) and have prior sales experience.
Ultimately I want to be an entrepreneur / investor. Main reason for going into finance was 1) pay / to support myself (no real family support, am first-gen and family dynamics are not great to say the least) and 2) to learn and gain experience in finance / investing. I’m honestly sick of my current job (feel like a process monkey) and want to transition to private equity (LMM is fine, I really just want to learn how finance professionals view / think about buying businesses, institutionalize them, and the overall process).
If I leave the path and go do insurance sales I’m sure I can make a ton of money in the next 1-3 years, and then maybe I can just do my own investing / businesses ventures. Only issue is this locks me out of institutional finance (or really any non-sales high paying corporate job).
Wonder if anyone else has gone through anything similar and/or has any thoughts to add here. Would really appreciate any advice.