Dumb to leave high paying corporate gig for IB?
Hi guys, looking to get some advice.
I did 2 years IB then 1 year PE then exited to strategic finance at a startup. I have been at the startup for 3 years now, and got promoted to senior associate. The startup is decently sweaty, I work 9am-8pm on average during the week and work often on weekends. I have no equity (whole point of joining a startup right??, they said I am too junior) but my cash comp all in is over $300k.
The hours are sweaty for a corporate exit (I understand the pay is high though) and I am starting to realize I hate working in a startup. There's just a constant fire I am racing to put out or "solve" with no resources, etc. My role itself is not incredibly difficult but it is just pure craziness all the time and I am always stressed to figure something out that has gone wrong. Pretty exhausting gig even though the hours aren't absurdly bad.
My question is I think my plan is to try to recruit for investment banking associate in DCM at like a Soc Gen, Santander, Mizuho, Citizens, Keybanc, etc. I want to do DCM at a bottom tier bank and just collect checks. I've heard DCM is pretty easy technical work and hours wise compared to coverage (which I was in). I am starting to really realize I just want an "easier" career where I can collect checks and just show up put my head down and leave. What are thoughts on this?
I woudnt assume a bottom tier bank will be less work, the team may be leaner so youll have to do more. Plus you can get bursts of intense execution because youll have to track the market BUT it seems youre already unhappy anyway so Id take the leap
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