Am I Crazy....?

I'm about a year into banking and ... I like it? I work at a mid-tier BB (think CS, BAML, Barclays) and I really love it. Obviously, I understand that some people don't like the hours, but for whatever reason I really enjoy the culture of my firm and the work that I do. I feel like I could stay here for the next 20 years of my life and try to just work up the ladder but I'm getting so much pressure to leave from my parents and friends at school and enter private equity.

I may sound like a pretentious cuck saying this but I'm not really sure what to do and wanted to get some impartial outside thoughts.

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Comments (10)

Most Helpful
  • Analyst 1 in IB-M&A
Aug 13, 2020 - 12:16pm

Do you want to do what pleases them or what pleases you bro

  • Analyst 2 in IB-M&A
Aug 13, 2020 - 12:22pm

Only a year above you but as you know analyst years are probably the worst and if you like it then I say stay and climb through the lasder.

I'm personally jumping to the buyside because I disliked banking and ultimately wanted to invest. But at the end of the day PE/HF/IB you'll make good $$ anywhere. I think I'm actually going to make less at my PE (UMM) than staying at my EB. So as cheesy as it is, do what you like and the money will follow.

Another consideration is if you look at current MDs do you like what they're doing? For me while I could find the modeling, etc exciting I could never find myself being a good salesman (yes I know ultimately all jobs need sales skills) so therefore thought the job wasn't for me. Ive talked to PMs and Partners at PE funds and would find that to be much more interesting. Yes, the odds of making those roles compared to an IB in MD is probably 10x harder but its the risk you take.

Who cares what your parents/friends think they aren't living your life and sure as hell aren't paying you six figures

  • Analyst 2 in IB-M&A
Aug 13, 2020 - 8:49pm

Sorry I don'r get that. My parents wanted me to go to med school and flipped when I told them I want to do finance.

You need to grow a spine and stand up for yourself. You've made it this far by yourself, you're probably equipped to keep doing well going forward

Aug 13, 2020 - 12:29pm

Do whatever you like. You're more likely to be successful pursuing something you're 1) interested in and 2) good at.

You don't need to switch shops or industry because "that's what everyone does"

I know plenty of people that left PE / HF and loved it, and I know plenty of people that hated it.

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