I chose IB (in a decent EB) purely for money. I currently live in London. The city is insanely expensive (expected though). However, I have declined a good full-time AM role that paid significantly less, and currently overthinking it. Note that, for some reason, I can still accept the AM offer and start working next spring (it's complicated)
However, I just had my first tough week as an intern. It's not that I can't handle it; in fact, I am willing to overwork specifically because I have no social life. An analyst told me that I am a relief, because I learn quickly. But again, it's hitting me. Going for the money sounds extremely stupid, and it does matter. On the other hand, it feels like I should be compensating for all the years of isolation and actually start having a good life, but the more I think about it, the more apathetic I get.
The AM job pays less in base, but I can still manage everything. The bonuses, well, you know. I know I sound like a stupid little snowflake, but if you guys could give me your best advice, I would really appreciate that.
Thanks a lot.
Sounds like your in a good spot! It's going to be a personal choice IMO.
Do it for the money while you still can. You can always go back into AM later.
I think doing it for the money for 2-3 years is fine. It gives you a nice nest egg and allows you to make riskier plays in life that you otherwise wouldn't have done. I don't think deciding stay long term for the money is worth it though. That's when you see the stories of burn out, mid-life crisis, etc.
Like the person above said, AM will still be an option after a 2 year IB stint
I see. Thanks for the advice!
Just curious, moving to AM won't require any additional school work right? I'm coming from a master already.
It shouldn't. I'm based in the US though so hopefully someone from Europe can chime in
Work your ass off from 22-25/26. Then you can take it easy
I mean it depends on the Asset Management fund also.
Are we talking Blackrock / Invesco / PIMCO type? As your at EB, unless its a Tier 1 AM fund (such as the ones listed), IMO you'll have the opportunity (probably better) to get AM later on.
It is exactly one of those. Equities division (AAA so enticing).
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