Managing the business of your family while being an Investment Banker. Is that possible?

Good morning to all,

My profile: I am a 23 years old 1st year analyst in Mergers and Acquisitions in an Investment Bank in South America. I will start applying this year for starting a Master in Finance in Europe on September 2021 as I would like to develop an Investment Banking career in Europe.

My situation: My parents have been running its own education business for almost 25 years. It's a small business that generates and average of USD 8K monthly net income. We have around 150 average monthly students and two different locations. I am a single child.

The problem: My parents are almost 60 years old and they are gonna retire eventually. I would like to know if it would be possible for me to keep the family business running while developing a career in Investment Banking abroad. Maybe not as the CEO, but maybe as a Board Member or something similar. If that is possible, which would be the best strategy to assure the continuity of the business?

Observations: I know that some Associates or VPs are board member of startups or other medium companies while working in Investment Banks. Having your own business can be an interesting investment vehicle as they offer attractive returns. The business is small but have strong growth potential as the competition in the market is small and due to other economic and market factors.

Thank you in advance for your answers and advice!