COVID driving 'high finance' professionals into career 180s?
Seen this in numerous people in my network and curious if others are experiencing something similar? Seems like many people I know in PE/IB have moved into more 'lifestyle' accommodating or less institutional jobs - operating roles at portcos, startups, search funds, etc.
Of course this sort of career migration is perfectly normal in normal times but I wonder if COVID is accelerating/increasing it. These were all people on long-term "partner" (or equivalent) tracks making $500k-$1m cash per year that were well regarded at their respective firms.
Are others seeing this in their network? Part of it, I think, is just the lack of intangible benefits of high finance jobs these days (though that could change soon). Working around the clock is a bit less appealing without the big gleaming office in Midtown, surrounded by likeminded people with similar backgrounds, first class business travel, meeting interesting management teams in person, etc. Now that everyone's just glued to zoom 24/7, it feels like it's driving some serious reconsideration of priorities.