I need some career advice.( Stuck)

I have an mphil in economics. Since I found it hard, my grades are not that good and I sold myself kind of short without realizing it the day I accepted my first job. 

I knew little about finance, and acceptet a job as a Treasury adviser for an international company. After a couple of years I startet at a different company as a Treasury controller. I had no idea it meant getting stuck at the Mid/ Back Office section. I have been there many years because the company is great and nobody quits their Front Office jobs neither, so the turn over is 0. I can work from home, pick up my kids early and take days off at any time for an ok salary. What makes me sad is knowing I could do better. I have a master and my collegues have bachelor degrees. I am bored and I feel depressed about not having done better in life after all the hard work in school. What I like about my job is when I look at risks and I get to read macroeconomics. I report on it, but I wish I could analyze more.

Every month I explain what happened with the market in a summary to explain the balance sheet, which is as fun as it gets. I get to use a tiny bit of my master ( some macro economics)

I take an investment class for fun now. Not enough to learn in my position unless I study.

A bank has called me for a Market Risk position. I was about to say yes, but I have 2 concerns:

  1. Work / life balance. Will it ever be as great as it is today?

  2. Will they outsource the department to a low cost country?

  3. What else can I do? Quit Treasury for good after 8 years and transfer to a different department where I am? Maybe become a project manager in the long run?
     

 
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I’m not in the risk department, but I have some friends who are so I’ll chip in.

  • risk department has much better hours than say, IBD. But usually banking jobs have longer hours and some banks seem to be trying hard to bring employees back to the office.

I will say this as someone who also has a master’s in economics: most positions in finance don’t require an advanced degree.

I haven’t ever created a panel model with R or was asked my knowledge of the Lagrange multiplier.

Maybe try to shift to Corp dev if possible? Even if you take the offer from a risk department, you might not like it and exit will be somewhat limited.

 

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