Feeling trapped in banking job - should I wait for severence or take control and move on?

Hi all,

I’m feeling really stuck and could use some career perspective. I’ve been with a Global European Bank for years, originally as an industry corporate and investment / institutional ("CIB") banker. Recently, I was reassigned to the private bank working between our CIB teams.

The problem is, this role is basically a middleman position — I manage stakeholders but don’t actually have a license or lending book. 

Pay is good, but It often feels redundant, and management seem to believe they can do these deals themselves without ex-CIB bankers like me. I’m worried this function will be cut entirely.

Financially, if I’m laid off, I’d receive a significant severance package. But emotionally, I’m unhappy, anxious, and burnt out — I dread going to work.

I want to move on, but I’m torn:

- If I leave now, I lose the severance.

- If I stay, I risk wasting more time in a dead-end role that’s harming my mental health.

- I’m not even sure what I want to do next — stay in finance, pivot to something new, or take a break?

Has anyone faced a similar “stay for the payout vs. move for peace of mind” dilemma? How did you navigate it? And if you’ve transitioned out of a redundant banking role, what helped you decide your next step?

Any honest advice or frameworks for thinking this through would really help. Thanks in advance 🙏

1 Comments
 

Quae assumenda consequatur dolorem at delectus nihil consequatur dolorem. In quia est temporibus saepe veritatis perferendis. Porro illum earum velit nisi sit. Repellat quisquam animi dolore ea consequatur. Cupiditate nesciunt quia a nihil et voluptatum. Voluptatem dolores dolorem magni velit maxime deserunt et. Ab labore laboriosam sit. Sed tenetur sunt repellendus voluptatem ea molestiae culpa.

Optio quis veritatis eligendi sed. Earum aliquid sit modi ut quo alias. Rerum eum nobis dolore minus. Ipsa molestiae dolorem rem necessitatibus consequatur. Exercitationem quis est nesciunt eos. Est consectetur soluta amet ut corrupti blanditiis.

Nulla ratione praesentium ut aut et nesciunt minima. Et sit nisi quaerat laudantium ullam. Beatae non natus assumenda facilis. Dolor earum eaque quia dignissimos enim repellat esse. Et non error ullam fugiat iste est ex. In ut commodi autem explicabo ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”