Engineering grad student out of a top target school in NYC- Very interested in multiple areas of finance, but not yet quite sure which one and I know they are all different. Venture Capital/ PE/ IB / HF So I have been spending time on this website combing through the threads and trying to figure out which area I will ultimately fit into given my goals--and one other important area.
Investment banking Burnout
Burning out can be caused by several different factors. However two of these claim more willpower than any other. That is a lack of purpose and Repetitive and unchallenging work. Additionally, the people you work with can also make things significantly better or worse.
Lack of purpose or passion are the same. If you do not have a very good reason for working through 70+ hours then you may find it very difficult to dig deep. On the other hand, if you have the purpose (passion) the long hours will seem be easier to overcome.
Repetitive work on the junior levels of any industry is common. However, if you continue to prove yourself competent with small and repetitive tasks, you will eventually be given more responsibility. Dealing with these issues becomes easier when you have your purpose in mind.
from certified user @GoodBread
Finance is, generally speaking, about being right more often than the next guy. As Soros would say, the money is a very nice extra.
I'd take a harder look at what working in finance really means rather than worry about burning out because you talked to a couple people who weren't cut for it. The people who succeed in finance usually love their jobs.
Private Equity Interview Course
- 2,447 questions across 203 private equity funds. Crowdsourced from over 500,000 mem.
- 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
- Trusted by over 1,000 aspiring private equity professionals just like you.