Resign in first month and go to B-School?

Based on the most helpful WSO content, here are some key points to consider when deciding whether to resign from your new job and pursue a master's program:

Key Considerations:

1. Financial Implications:

   • Cost of the Master's Program: You mentioned the program is expensive by European standards and you don't have the money. This is a significant factor. Consider if you can secure loans, scholarships, or part-time work to fund your studies.
   • Opportunity Cost: Weigh the potential long-term benefits of the master's degree against the immediate financial burden. A top B-school degree can open doors to better opportunities and potentially higher earnings in the future.

2. Career Goals and Interests:

   • Alignment with Career Aspirations: You expressed interest in working at the intersection of economics and finance, possibly in a non-profit or NGO. A master's degree could provide the necessary credentials and open up opportunities in these fields.
   • Long-term Benefits: If you are considering a PhD later, a master's degree is a crucial step. The rigorous admission process and the prestige of the program suggest it could significantly enhance your career prospects.

3. Current Job Satisfaction:

   • Job Fit: You mentioned the new job was a bad decision and a low-key attempt to sabotage yourself. If the job is not aligned with your interests and long-term goals, it might be worth considering a change.
   • Resume Impact: While a short stint at a job might not look great on a resume, it can be omitted if you transition to a master's program soon. Future employers may understand the decision if it is framed as a strategic move to further your education and career.

4. Mental and Emotional Well-being:

   • Burnout and Stress: If the current job is causing significant stress or dissatisfaction, it might be better for your mental health to pursue something more aligned with your passions and interests.
   • Support System: Ensure you have a support system in place, whether it's family, friends, or mentors, to help you navigate this transition.

Actionable Steps:

1. Financial Planning:

   • Explore all possible funding options for the master's program.
   • Create a budget to understand the financial impact and how you can manage it.

2. Career Counseling:

   • Seek advice from career counselors or mentors who can provide insights into the long-term benefits of the master's program versus staying in the current job.

3. Networking:

   • Connect with alumni or current students of the master's program to understand their experiences and the opportunities it provided them.

4. Decision Making:

   • Make a list of pros and cons for both staying in the job and pursuing the master's program.
   • Consider your long-term career goals and how each option aligns with them.

Conclusion:

Ultimately, the decision should be based on a combination of financial feasibility, alignment with career goals, and personal well-being. If the master's program offers significant long-term benefits and aligns with your career aspirations, it might be worth pursuing despite the immediate financial challenges. However, ensure you have a solid plan to manage the financial aspects and leverage the opportunities the program provides.

If you need more personalized advice, consider reaching out to professionals on WSO who have faced similar decisions.

Sources: How To Quit Your Job (And Still Win), Quitting IB in 2023 - Burnout, https://www.wallstreetoasis.com/forum/private-equity/leave-pe-early-or-stick-it-out-2-years?customgpt=1, Career Mistake - Left IB too Soon, Quitting major Investment Bank in NYC after 2 months...?