Anybody else at a cross roads?

Zatopek's picture
Rank: Gorilla | 588

I am sure I am not alone in this but anybody else coming to the end of the line in banking and unsure what to do?

My background is a little different so I have worked my way up to an M&A role. Each step along the way was pretty well defined. I jumped to better opportunities and it was always a no brainer on what route to take.

I am now just coming up to 2 years in banking and thinking about options and for the first time in my career I am unsure about what route to take. I feel like I have too many options now.

I like investing but my experience is probably not strong enough to land a buy side role and I cannot say I am crazy on the sell side research route.

PE is appealing but I am pretty burnt out with the hours/stress/pressure of banking and always been on call.

Corp development really appeals to me the most but the pay is pretty weak and it almost feels like I have busted my ass to get here and it seems like a little bit of a waste to settle for the lower paycheck and limited earnings potential (unless you land a c-suite role which you need some luck for).

I know you can't have it all but just wondering did anybody else face a similar dilemma? How did you deal with it?

Would be particularly interested to hear from people who went the corporate development route and if they regret not staying on the track with potential to earn big money and your experiences to date.

Comments (9)

Nov 18, 2015

Have you considered the fintech/start up route? A lot of them are really well funded (good paychecks for you) and do a lot of interesting stuff. I never really meant to get into this line of work, but it is something that I sort of fell into and have been very happy that I did.

Nov 20, 2015

Can you tell us a little more detail about what you do, how your skills transfer, and how you got into it - even if it did just fall into your lap?

Nov 20, 2015
undefined:

Can you tell us a little more detail about what you do, how your skills transfer, and how you got into it - even if it did just fall into your lap?

It depends on what kind of a role you land in fintech; it's a very broad world. The skills transfer is probably the easiest part: you build financial models, I had a background in Econometric Modeling (UG) so I do a lot of risk modeling as well. I got into it by deciding that I needed a new job (old company was going to sell) and answering a Linkedin ad (as I said, it fell into my lap).

Nov 20, 2015

Were you in IB before? If so, how comparable is the pay? I assume you're at one of the well-funded companies you noted.

Nov 20, 2015
VanillaGorilla:

Were you in IB before? If so, how comparable is the pay? I assume you're at one of the well-funded companies you noted.

Was in IB for a summer and then got hired on the buyside for a Family Office. The pay is lower than I would have all-in as an IB Associate but better than analyst level pay. On the flip side, I leave at or before 6pm everyday.

    • 1
Nov 20, 2015

Thanks for the info!

Nov 20, 2015

Go where they pay you the most. Or at least, where you get to keep the most after taxes/expenses.

    • 1
Nov 20, 2015

My path is a little different than yours, but I felt it was appropriate to share my opinion. I realized fairly early on that I would settle for a lower paycheck with lower hours/stress. This must be a personal decision, as everyone would have a different view on priorities. I will also say I am M, unmarried, no kids, but a family would definitely reinforce my decision. I have other passions I wanted to pursue: martial arts, coaching, family, etc. My work weeks are rarely long (~45 hours) and it is also rare to work on the weekends, which is a huge bonus.

Good luck!

    • 1
Nov 19, 2019
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