Is it ok to quit in current economic conditions?

7448Sam's picture
Rank: Chimp | 5

Some of you may find this foolish, but I'm hoping to get some constructive feedback here. Long story short - I recently quit my stable career in IB in a developing country and migrated to a financial hub in a developed country. I was fortunate enough to land a decent job within a short span of time, and I jumped on this first opportunity (running out of unemployment savings quickly), ignoring my dislike/misfit for a mid-tier coverage role for a large bank. I took this role with an objective to quickly learn about the new market and polish some rust (been in last role for 5 yrs as Senior), however I have quickly found myself a misfit in the role, party because of low interest and slow-learning. I have progressively lost focus in the job (been about 6 months now) and the sinking feeling has severely affected my work life balance since I have to put long hours to meet short deadlines. In the last few years, I have been contemplating to move out of banking, and look for opportunities in corporates. However I am not able to have clarity of thought due to burnout and feel the need to reset before I look for alternatives.

Would it be irrational to quit and start looking full time for corpfin/corpdev/strategy roles for corporates? Appreciate your opinions on the approach.

Comments (2)

Sep 8, 2019

I know how you feel. I jumped into a role at a multi-manager hedge fund that was the complete opposite of what I thought it would be and burned out quickly.

The best advice I can give is to do all that you can to stay in your current role and recruit on the side. I know it may be hard, but you don't want to put yourself in a situation where you are forced to take a job because being unemployed for more than two months will drive you crazy and desperate for another job.

Take a week off work to recharge your batteries. You will feel a lot better once you can recharge your batteries. Then make a plan and dedicate time each day to recruiting on the side.

Talk about my own experiences in more detail below if interested:

Hope it's helpful. - Advice on Finance, Careers and Investing in General

Sep 9, 2019

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee