How to explore what comes after IB/PE

Based on the most helpful WSO content, your situation is a common crossroads for many in IB/PE. Here’s a structured way to think about your next steps:

1. Clarify Your Priorities

• Lifestyle Goals: You’ve already identified that you value time for fitness, family, and friends. This is a great starting point. Think about what kind of work-life balance you need to achieve these goals.
• Financial Comfort: Define what “enough” means for you financially. This will help you avoid chasing money endlessly and allow you to focus on roles that align with your lifestyle and intellectual needs.
• Intellectual Stimulation: Since you value being mentally engaged, prioritize roles that challenge you or allow you to learn new skills.

2. Explore Career Options

• Corporate Development: This is a common exit for IB professionals. While it may not be thrilling, it offers better hours and decent pay, giving you time to explore passions outside of work.
• Private Credit or Other Finance Roles: If you’re not intrinsically interested in private credit, don’t force it. However, roles like these can still leverage your IB skillset while offering a change of pace.
• Entrepreneurship: If you’re willing to take on risk, starting your own venture could align with your desire for autonomy and intellectual stimulation. Your IB network could be invaluable here.
• Non-Finance Roles: Don’t discount roles outside of finance. Many WSO users have found fulfillment in tech, startups, or even creative industries. These paths may require a pay cut but could offer the lifestyle and stimulation you’re seeking.

3. Test the Waters

• Network: Use your IB network to have exploratory conversations with people in roles you’re considering. This will give you a better sense of what those jobs are like day-to-day.
• Side Projects: If you’re unsure about leaving finance entirely, consider side projects or certifications in areas of interest. This can help you discover new passions without fully committing to a career change.

4. Avoid the Trap of Inertia

• Many WSO threads highlight the danger of staying in IB/PE purely for the money. The longer you stay, the harder it becomes to leave due to lifestyle inflation and golden handcuffs. If you’re already burnt out, it’s a sign to start planning your exit.

5. Long-Term Strategy

• Optimize for Flexibility: Choose a role that keeps your options open. For example, corporate development or strategy roles can lead to executive positions or entrepreneurship later.
• Focus on Skills: Look for roles that allow you to build transferable skills, such as leadership, strategic thinking, or technical expertise.

6. Mindset Shift

• It’s okay not to have everything figured out. Many WSO users emphasize that career paths are rarely linear. Focus on making incremental progress toward a life that aligns with your values.

In summary, don’t rush into a decision out of fear or burnout. Take the time to explore roles that align with your lifestyle and intellectual goals, and don’t be afraid to step off the traditional finance path if it leads to greater fulfillment.

Sources: Is IB not as attractive anymore?, Is IB not as attractive anymore?, Do you guys actually enjoy your jobs?