Trading Literal Happiness for Comp
I am in PE and holy shit am I so miserable. I legit am not happy. I wake up everyday hoping that I legit get pushed onto the subway tracks. I do think quitting my job will make my happiness level go from like 30% happy to 85% legit overnight.
The only reason why I tolerate this is because my firm's comp is really really good. I want to stay in the running for another 2-3 years and just collect huge bonuses. I think in my head its worth it to eat shit now and have a huge savings down the line. I understand this is golden handcuffs language to a T, but curious others thoughts / how they are doing.
It sounds like you're grappling with the classic "golden handcuffs" dilemma, which is a recurring theme in high finance. Based on the most helpful WSO content, here are some key insights and perspectives to consider:
Golden Handcuffs Are Real, But They Cut Both Ways
Many professionals in finance echo your sentiment. While the comp is undeniably attractive, the trade-off often comes at the expense of mental health, happiness, and personal fulfillment. As one WSO user put it, "low to mid six figures is only really going to get you an upper middle-class lifestyle," and the sacrifices made for that comp can feel disproportionate if you're deeply unhappy.
Happiness vs. Money: The Long-Term Perspective
Several threads highlight that happiness is often synthesized by the journey, not just the destination. If you're waking up every day feeling miserable, it's worth asking whether the financial payoff in 2-3 years will truly compensate for the toll it's taking on your mental health now. As one user noted, "We always overestimate how much happiness something is going to bring us and underestimate how much happiness getting there will bring us."
The Courage to Walk Away
Many professionals admit that the longer you stay, the harder it becomes to leave. The comp gets better, the bonuses grow, and the fear of stepping away intensifies. However, some have shared that leaving—even for a less lucrative path—brought them immense relief and fulfillment. One user who left finance said, "I have not once regretted leaving my previous job," emphasizing that the trade-off for happiness was worth it.
Deliberate Decision-Making
If you decide to stay, ensure it's a deliberate choice. As one WSO contributor advised, "You need to know that you thought everything through before you made a move. That way, if things go badly, you won't second guess yourself." Consider setting a clear timeline or financial goal to avoid feeling trapped indefinitely.
Counterweights to Balance Your Life
If you choose to stick it out, finding counterweights to balance your internal happiness calculus is crucial. Whether it's hobbies, relationships, or personal goals outside of work, these can help mitigate the misery and provide a sense of purpose beyond the paycheck.
Ultimately, the decision is deeply personal. If staying aligns with your long-term goals and you can manage the short-term unhappiness, it might be worth it. But if the misery feels insurmountable, it may be time to reevaluate your priorities and explore paths that align better with your well-being.
Sources: Cant do it anymore, How can you take it?, Who is happy & satisfied with their current role?, Ask Eddie: Should I Bail On My Trading Job?, https://www.wallstreetoasis.com/forum/trading/qa-i-quit-my-job-as-a-bond-trader-to-fight-mma-in-peru?customgpt=1
What do you want the money for? What are you going to do with the savings?
giant house nice cars vacations, next question?
The post combined with this reply make me willing to bet you are bound for a life of unhappiness until you have a complete and total breakdown at some point where you almost kill yourself and are forced to reconcile with everything. Good luck out there.
"have a complete and total breakdown at some point where you almost kill yourself and are forced to reconcile with everything."
Unironically part of my exit strategy.
Make obscene money --> Break down and re-evaluate my life --> Realise that good vibes don't make taxes or my wifes lifestyle demands go away --> become a balanced individual who also has the giant house/nice cars
Why is on the trading forum? Are you interested in selling us a day trading course on how to escape your "miserable" life?
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