I want to take control of my life back. I have been in IBD and PE. I feel that this career path is not so stable, and not nearly as lucrative as originally promised. Mind you, that's a "rich country" kind of a problem. But somehow I feel that any semblance of a stable / dependable career has evaporated, and I want to take control back somehow. Not sure how to do so, but... anyway that's the goal. Not trying to complain - just need to figure a way to do it.
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Have you thought about targeting leadership at a mature, stable corporation?
good call. I like tech and growth, so maybe not a mature stable corporation, but increasingly I am disenchanted with IBD and even PE. In PE seems we're always just chasing deals, rather than building something.
What kind of PE are you in? In something like VC/Growth equity you can have a direct role in building a portfolio company. You'll sit on just a handful of boards, though still plenty of deal chasing.
this is exactly why I have 0 interest in going back to PE post-mba lol
aren't there groups within large cap tech cos that would be interesting to you? seems like the best of both worlds imo
Would you be interested in building your own company? Granted it's not stable but working for yourself must be very rewarding and self fulfilling and if it worked out you would get far richer than ever working in finance. The other point to note is by definition you will never be paid what you are worth by working for someone else.
Finance gave u a bunch of money that came from nothing. You have used it as a means to an end. Monetarily it’s one of the better deals out there. Think about your doctor and lawyer counterparts, apply opportunity cost to your calculus, and it becomes pretty clear. There’s no easy money but it’s the closest it gets.
I know this doesn't help but the way you worded your post really reminded me of the final scene in Wanted when Wesley talks about taking back whats his.
"What the fuck have you done lately?"
High earning and stability are rarely correlated. The only way to achieve true control is by starting your own company or building wealth via passive income.
How would you advise risk averse entrepreneur hopefuls? Someone who is looking to pivot to entrepreneurship after professional services (CO, IB, PE, HF) after MBA and is used to just jumping through hoops.
Don't get into entrepreneurship if you're risk adverse. I'm not saying to be some sort of paste-eating fuckboi that takes stupid risk but you have to be comfortable taking semi-calculated risks. I think I've lost 80%+ of my personal funds multiple times now. Always ends up working out and I come back better but the interim really does suck.
Search fund could be for you. Gaining a lot of popularity and likely has a place in the world with the baby boom generation retiring.
Not sure those things can coexist. IMO, the lowest-risk way would be buying an existing, stable business. But how big of an equity check are you willing to write? If you're not willing to put a lot of your own capital at risk, then either i) your business is highly leveraged, ie risky, or ii) it may not be large enough to support a salary and earnings that justify your time/capital commitment.
Entrepreneurship is inherently risky, otherwise it wouldn't be more rewarding than employment.
Also, if you're serious about entrepreneurship, I think you should think very hard about why you would bother to pursue an MBA.
Have you considered joining the IR department of a large firm? It combines a stimulating and relationship-oriented work environment with more stable and less hectic pace. It's not that rewarding as other high finance jobs but it's always a matter of which side you want to give more emphasis in a trade-off, as you well know...
Thanks Swiss. I'm not really that relationship oriented. I think i'm just trying to do stimulating work and make enough $ to get out the game. Hence the appeal of things that get me equity in a tech company, where I can roll the dice and shoot for big money on equity. -M
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