From MF to brokerage?
Hi guys, I am looking for recommendations today as I am afraid to make a mistake. Any advice would be greatly appreciated.
I have been working a few years for a top developer, and then managed to land a job at what people would call a top fund here (think, Cerberus, BGO, etc). I spent only a year at this shop for personal reason and recently jumped to a MF ( , Starwood, …).
Despite this great move, I currently feel like completely burnout by the industry. I have been grinding since 4 years now, but I feel like the hours are crushing,/PPT monkey is killing me on a daily basis, and the dream of hitting the big promote to potentially be a millionaire is not attractive to me anymore (low probability to make it to MD, keep working 80/90h weeks after multiple years…). I am also founding a family and I feel like my priorities have changed.
I believe that making another move in investment would not be perceived really well, as I already got 3 big names on my resume in 4 years only (out of which 1 where I stayed only 1 year and 1 I joined a few months ago, the MF). I would like to stay in the industry and I am currently thinking about brokerage, as the role could be definitely more commercial, and hours should definitely be lower. However, I know that I would make much less than what I am currently being paid.
Will I regret it? Have you ever seen similar moves and does it make sense?Thank you.