Some reflections 10 years in...
The hardest part of your career will be managing the difference between the external perception of yourself and who you see yourself as.
I've been on this site for a dozen years give or take 1-2. It's helped me through every career transition. I'd like to provide some thoughts while the moment strikes me because I learned a lot, in my early 20s, from the folks who were 10+ years ahead of me who wrote down their thoughts.
I've worked at a few top shops, gone to business school, traveled the world, been fired, been the #1 ranked in my cohort, watched my parents become elderly, made friends, lost friends, gotten married, and settled into "the rest of life" when you are flying a plane wherever you choose, rather than the 2+2+MBA track.
One of the interesting things about deal jobs is that there are highs and lows. You objectively know that deals die, teams retrade, and you objectively know you'll be excited when a great one is coming together because you put it together. But even though you know this, you will still be subject to the emotions of the ride.
I think that's OK. I think you should lean into that. I have. The highs and lows are to be taken together. Losing a deal, a retrade, an underperforming management team. No objective knowledge about the lows will help you feel less anxious and despondent when they strike.
And when you have the highs, when you are making money hand over fist, you know they will not last. Life will go back to normal. But it doesn't matter. Because you have them, you can enjoy them. There is no reason to diminish that. It's the positive version of having to feel the lows; you have to feel the highs the same way.
I think that's what I want to impart. It's OK to be anxious about your next job, it's OK to be stressed about your career and ambitious. It's OK to be on the hedonic treadmill. There are so many people who preach life outside of work, family, etc., don't worry about your job. They're right, full stop. But it doesn't mean you can't still be in the rat race, and on the hedonic treadmill. That's your prerogative. If you choose that this year, you're entitled to that, and it doesn't mean you have to do it next year. The rat race is OK. It's fine to get caught up in it. Just know what you're doing. Having an ambition is a drug. It gives as much as it takes.
I also want to emphasize paying it forward. I would 100% not be here if it was not for people on WSO. I mean that. @WallStreetOasis.com this forum has the power to change people's lives. I had no idea what Wall Street was when I graduated college and I have held 3x finance jobs since. Every single time I get a cold email or a LinkedIn DM I answer it. You should too. Because whenever someone answers my cold emails, I know they're paying it forward. It would be deeply selfish to not do the same at every possible turn.
These are my two points. These things will get you pretty far so long as you have your personal affairs in check. Hope this resonates. Let me know if so and if not, keep it to yourself.
Based on the most insightful WSO reflections, here are the key takeaways from a decade of career experience:
Embrace the Highs and Lows:
Careers, especially in deal-driven roles, are emotional rollercoasters. Deals die, teams retrade, and setbacks happen. It's natural to feel anxious or despondent during the lows, but it's equally important to fully enjoy the highs. The key is to accept both as part of the journey and lean into the experience.
The Hedonic Treadmill is OK:
Ambition is a double-edged sword—it drives you forward but can also consume you. It's fine to be caught up in the "rat race" or to prioritize career goals, as long as you're aware of your choices. You can always recalibrate your priorities later. Ambition, like any drug, gives as much as it takes.
Pay It Forward:
The WSO community thrives on shared knowledge and mentorship. If you've benefited from others' guidance, it's essential to give back. Answer cold emails, respond to LinkedIn DMs, and help the next generation navigate their paths. This cycle of support is what makes communities like WSO transformative.
Balance External Perception and Self-Identity:
One of the hardest challenges is managing the gap between how others perceive you and how you see yourself. Navigating this balance is a lifelong process, but self-awareness and authenticity are crucial.
Life Beyond Work:
While it's okay to focus on your career, don't lose sight of the bigger picture—family, friends, and personal growth. These elements provide stability and perspective, especially during career highs and lows.
This reflection underscores the importance of self-awareness, resilience, and community in building a fulfilling career. It’s a reminder that success is not just about achievements but also about the journey and the people you help along the way.
Sources: To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?, Career Paths/Exit Opportunities, When to jump - Advice on switching jobs, careers, and fields, When to jump - Advice on switching jobs, careers, and fields
headahh
Appreciate the reflection.
I found this helpful, thank you for sharing!
You should probably tell people your background, what types of firms you were at, what you’re up to now etc. Will probably get more interest on this thread that way.
"Deal Jobs" really hit for me. Currently in a Sales Org. I need to think entirely different from how I am thinking now.
Curious which fields you’ve worked in. I assume PE is one, since you posted on the PE forum, and I assume IB, since few people get into PE without IB first. Any other insight? Thanks
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