6 month gap after 1.5 years of IB?

I stopped working at an IB in December. I have some offers to return to work in finance, although not PE. I'm debating whether I want to start working again right now or whether I can just take a 6 month break to surf and relax. Since it is Covid, I don't know the implications of a long break. Will, it hurt my chances at getting the next role (will I still be competitive for PE or top Corp Dev roles?) or does no one care since it is Covid times. Also in the long-term I imagine no one could possibly care.

 

You won't be competitive for PE or top corp dev unless you had a legit reason for the break, like a sick parent. Unless LMM, those roles are an upward jump to begin with when you aren't currently working and a long break doesn't help your chances. 

Why not recruit now, push back start as much as possible (3-6 months may be doable) and then enjoy your extended break once you have something locked down without career implications.

 
Most Helpful

Honestly, do whatever you want. Careers and life is so fluid these days. People make money doing anything. You live only once man. Worst comes to worse, you'll find something if you wanna come back. There's no hard and fast rules. 

Array
 

"People make money doing anything?" Seems a bit presumptuous, like it's easy to just get a good job whenever you want, and regardless of what choices you make.  While it's certainly not everybody, there's something to be said for staying on a path.   

 

Absolutely. One of my fraternity brothers at SMU joined Goldman Sachs Specialty Lending Group in Dallas out of undergrad. One day he texted me and said he was quitting his job because he got selected to go on the Bachelorette (Hannah Brown’s season). He almost won the damn thing and now he’s making more money promoting skin care products on Instagram than he was at Goldman. And he’s way happier. That’s an extreme example but there’s not one path to make money..

 

3176401

People make money doing anything.

If you happen to be a woman (haven't seen this done by a man before), you can become a hot tub streamer on twitch and make 400k+ a year. All you need is a hot tub, a camera, and a bikini (very minimal CAPEX). Best of luck my friend.

 

Qui et excepturi ut ipsum dolore at possimus. Qui aliquid deleniti qui sit molestias. Aut soluta voluptas omnis et. Fugit facere amet enim occaecati et iusto. Totam laborum distinctio voluptatem voluptatem.

Aut qui dolorum non aut dolores quis. Nisi eum nihil porro soluta. Quibusdam facere et a. Dicta molestias vitae ducimus dolore ea. Possimus autem est ipsa dicta dolor id. Dolores odit sed omnis recusandae veritatis et cum.

Reprehenderit qui qui perferendis molestiae sint optio culpa. Commodi iste dolorum vitae aspernatur et molestias.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
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...”