Those who leave finance

By browsing on this forum, it shows that finance (IB,PE,HF ) is not something that is for everyone ( long hours, sacrificing relationships, etc). So out of curiosity, have any of you guys know anyone who completely left the industry and do you know what they are doing know.

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Comments (34)

Jul 10, 2020 - 4:40pm

you mean this website?

Quant (ˈkwÀnt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

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Jul 11, 2020 - 4:14pm

Wont describe in detail for anonymity -- but left banking to run stategy / finance at a tech company. No longer use much of the in-the-weeds techicals learned in finance but lots of soft skills etc are transferable to most other work in corp world. Thing I miss the most is the camaraderie

Jul 11, 2020 - 10:48pm

I'd say I'm in a bit more of a unqiue situation -- father is retiring from a LMM company in tech space and rather than sell to PE a few years back I decided to forgo finance and move in to transition him into retirement. The learning curve was incredibly steep as he comes from an engineering background and finance is all I've ever known. It helps to have him as a crash-course guide I can go to whenever I have technical questions.

By Camaraderie i'm referring to having a gruop of juniors who "came into the boat with you" and have some bonding over even if just effing aroudn late night in the office. You lose a lot of that when you go into corporate in general

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  • Analyst 2 in IB - Ind
Jul 11, 2020 - 4:37pm

Am switching to a medical career as I find finance / business to be very superficial and not meaningful in the way I want. At the junior level, I feel like I am some outsourced research analyst who learns about an industry and puts slides / analyses together for a few days (or in the case of deals, a few months) and then does the same thing but for a different industry / company. At the senior level, I would still feel like I am not an expert in my field and am just getting by through reading research reports and BSing my way through (with the fear of always getting caught and people realizing I know nothing) - also, having to win deals just to put money on the table is pretty much a sales job, which I am not good at at all and does not interest me.

I believe medicine is a lot more rewarding and something I can see myself doing even 20 years from now. Of course, nothing is that rosy but knowing that everyday I am helping people out and doing something benefitting other people is a great feeling compared to just shifting companies around between PE firms or investing in opportunities just to make money.

Jul 11, 2020 - 7:18pm

I have researched post bacs and found Columbia to be one of the best as they have great linkages to med schools:

https://gs.columbia.edu/content/linkage-specific-program-requirements

You don't even have to take the MCAT for some, but caveat is that this program at Columbia is hard as hell and expensive AF.

If you don't get the required GPA/requirements, you have to apply on your own without the linkages.

"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

  • Analyst 2 in IB - Ind
Jul 12, 2020 - 1:27am

Have definitely known about this post bacc and heard it is really hard and not worth it when grades matter a lot more than the school you went to. I think many people just attend thinking it's a great Ivy name and that would mean that they would get into med school that way. However, the school you go to does not matter that much at all for med schools.

Jul 12, 2020 - 1:56am
Analyst 2Β inΒ IB - Ind:

Have definitely known about this post bacc and heard it is really hard and not worth it when grades matter a lot more than the school you went to. I think many people just attend thinking it's a great Ivy name and that would mean that they would get into med school that way. However, the school you go to does not matter that much at all for med schools.

I think you failed to click on the link that I pasted showing the guaranteed linkages:

https://gs.columbia.edu/content/linkage-specific-program-requirements

Ben-Gurion University of the Negev (Israel)
Medical School for International Health in Affiliation with Columbia University Medical Center
School Website

Linkage Program Requirements
Grade Point Average
Cumulative GPA: 3.46
Science GPA: 3.45
MCAT
Must be taken no later than April of the year in which the applicant wishes to matriculate

Additional Considerations
The Medical School for International Health welcomes applicants who seek a medical education that includes extensive classroom, clinical, and fieldwork experience in global health and international medicine.

Columbia University College of Dental Medicine
School Website

Linkage Program Requirements
Grade Point Average
Undergrad GPA: 3.5
Postbac Premed Science GPA: 3.5, with no grade lower than a B
DAT
Minimum Scores: Academic Average: 22; Reading Comprehension: 22; Perceptual Ability: 22
Must be taken no later than April 15 of the year in which the applicant wishes to matriculate
Coursework
All required predental coursework must be taken at Columbia.

Additional Considerations
The College of Dental Medicine welcomes applicants with unique academic and employment backgrounds, who have been engaged in activities other than formal education between college and the present.

Candidates must have a bachelor's degree from a U.S. or Canadian institution
AADSAS must be submitted by December 31

Columbia University Vagelos College of Physicians and Surgeons
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate GPA: 3.5
Postbac Premed GPA: 3.7
MCAT
Linkage nominees must take the MCAT no later than mid-April
Linkage nominees must attain an overall MCAT score of at least 518 ( ~ 96%)
Coursework
All required premedical science coursework must be taken at Columbia
One year of English, which may be completed in a college/university department of English as a Postbac Premed student, or as a part of an undergraduate degree program (one course must be in composition or writing expository prose)
One year of biology with lab
One year of physics with lab
Two years of chemistry, one year of which must be organic chemistry with labs
Additional Considerations
A developed interest in extra-curricular activities is welcomed, and evidence of leadership in such activities or in other areas is highly desirable.

Hofstra Northwell School of Medicine
School Website

Linkage Program Requirements
Grade Point Average
Combined Undergraduate and Postbac GPA: 3.5
No Postbac Premed science grade below B
CASPer
Must be taken early in January and no later than two days after nomination.

MCAT
Not required. In lieu of the MCAT, applicants must submit SAT or ACT scores.

Recommended Scores

Score β‰₯ 80th percentile
SAT: β‰₯ 1410
ACT: β‰₯ 32
Additional Requirements
United States citizenship or permanent residence
Bachelor's degree from an accredited college or university in the United States

Icahn School of Medicine at Mount Sinai
School Website

Linkage Program Requirements
Grade Point Average
Combined Undergraduate and Postbac Premed GPA: 3.5
Postbac Premed Math and Science GPA: 3.7
MCAT
Linkage applicants are not required to take the MCAT.

New York Medical College
School Website

Linkage Program Requirements
Grade Point Average
Postbac Premed GPA: 3.6, with no grade lower than a B
MCAT
Score: Not less than 85th percentile overall
Score must be submitted no later than June 1 of year of entry
Additional Considerations
A desirable applicant is one who has pursued post-college experiences that reflect a commitment to health care and humanism in service to society.

New York University School of Medicine
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate GPA: 3.5 on a 4-point scale, with no BCPM* grade lower than a B
Postbac GPA: 3.8, both at the time of application and upon completion of the Postbac Premed Program
Combined cumulative undergraduate and Postbac GPA: 3.5
Composite science GPA (includes all undergrad and Postbac BCPM* courses): 3.5 with no grade lower than B.
*BCPM = biology, chemistry, physics, and math

MCAT
Minimum Overall Score: 520
Minimum Overall Percentile: 98%
Minimum Section Score: 129
Should be taken no later than end of April of the year in which the applicant wishes to matriculate
Additional Considerations
NYU School of Medicine seeks "excellence in experiences, attributes, and academic performance" in the linkage candidate
Interviews are conducted once MCAT scores are received
Previous applicants are not eligible to apply
Applicants accepted through linkage can immediately apply to open spots in the three-year program or through the opt-in process, the first of which occurs at the end of the first year

Renaissance School of Medicine at Stony Brook University
School Website

Linkage Program Requirements
Grade Point Average
Combined Undergraduate and Postbac GPA: 3.6
MCAT
Stony Brook anticipates a competitive score on the new MCAT to be approximately 515 (combined total from the four sections)
Should be taken no later than early April of the year in which the applicant wishes to matriculate
Additional Considerations
One semester of biochemistry must be completed prior to matriculation (Postbac Premed students who have taken BIOL UN 2401/2402 are exempted from this requirement)
Research experience a plus

Rutgers New Jersey Medical School
School Website

Linkage Program Requirements
Grade Point Average
Postbac Premed GPA: 3.5
MCAT
Cumulative score of 512 (with no sub-score below 127)
Should be taken no later than the end of May of the year in which the applicant wishes to matriculate

Rutgers Robert Wood Johnson Medical School
School Website

Linkage Program Requirements
Grade Point Average
Postbac Premed GPA: 3.6
Undergraduate GPA: 3.0
MCAT
Score: Above the mean (500), i.e., above the 55th percentile
Should be taken no later than early April of the year in which the applicant wishes to matriculate

SUNY Downstate Medical Center College of Medicine
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate Science GPA: 3.3, with no grades of D, F, W, or incomplete
Undergraduate Cumulative GPA: 3.4
Postbac Premed Science GPA: 3.5
MCAT
Should be taken by May 24
Chemical and Physical Foundations of Biological Systems: 127 or higher
Critical Analysis and Reasoning Skills: 126 or higher
Biological and Biochemical Foundations of Living Systems: 128 or higher
Psychological, Social, and Biological Foundations of Behavior: 127 or higher
Total Score: 509 or higher
Additional Requirements
Bachelor's degree*
Minimum of one year of full-time study at an accredited U.S. college or university
Two semesters of English course work (must be equal to a minimum of six credit hours in the semester system), which may be completed in a college/university department of English as a Postbac Premed student, or as a part of an undergraduate degree program at a U.S. college or university
A record of significant commitment to community service and helping the disadvantaged
Medical experience or medical employment involving interaction with patients
Research experience a plus
*If bachelor's degree is from an overseas college or university, a WES course-by-course equivalency is required as part of the application.

The Warren Alpert Medical School of Brown University
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate GPA: 3.0
Average Postbac GPA for Admitted Students: 3.8*
*In the last five years, most applicants who have been offered admission through linkage have presented average Postbac Premed and undergraduate GPAs of 3.8 and 3.6, respectively.

MCAT
MCAT scores are not required.

Coursework
Biochemistry (satisfied by taking Contemporary Biology (BIOL UN 2401-2401)
Organic chemistry lab is not required
No grade of D or lower on academic record
Additional Considerations
In addition to the general criteria noted above, Alpert Medical School is particularly interested in PB students who meet the following criteria.

Became interested in medicine as a career after college
Have been engaged in activities other than formal education between college and the present
Rhode Island residents
Members of groups traditionally underrepresented in medicine
Age 25 or older
Note: The above are not hard and fast requirements, and some may be more important than others. Postbacs are always encouraged to discuss them with their advisors.

Trinity College Dublin School of Medicine
School Website

Linkage Program Requirements
Grade Point Average
Postbac Premed GPA: 3.3
MCAT
MCAT scores are not required.

Coursework
Organic chemistry lab is not required.

Apply
Application to the Trinity College Dublin School of Medicine through the Atlantic Bridge Program.

University of Michigan Medical School
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate GPA: 3.2
Postbac GPA: 3.7
No science grade lower than C
MCAT
University of Michigan Medical School will admit conditionally-accepted linkage students with a score in the 85th-100th percentile range; conditionally-accepted candidates who test below this range will be holistically reviewed again by the Admissions Executive Committee for a final decision
Should be taken by mid-May (but preferably before May) of the year in which the applicant wishes to matriculate

University of Rochester School of Medicine and Dentistry
School Website

Linkage Program Requirements
Grade Point Average
Undergraduate GPA: 3.0 or higher
Postbac Premed GPA: 3.5 or higher with no grades lower than B- in required math and science courses
MCAT
MCAT scores are not required.

Additional Considerations
The school is strongly oriented to the humanities. It is where the biopsychosocial model of medicine was developed and this model continues to inform the school's pedagogy.

Weill Cornell Medical College
School Website

Linkage Program Requirements
Grade Point Average
Combined Undergraduate and Postbac Premed GPA: 3.75
Postbac BCPM* GPA: 3.75, with no grade lower than a B
*BCPM = biology, chemistry, physics, and math

MCAT
Cornell does not require linkage applicants to take the MCAT.

Coursework
All required premedical science coursework must be taken at Columbia
Two semesters each of biology, chemistry, and physics, with lab
Two semesters of organic chemistry with lab
Two semesters of writing-intensive courses, one in the humanities or social sciences, and one in English literature
Two semesters of mathematics recommended but not required
Additional Considerations
Applicants should possess significant demonstrated commitment to, and involvement in, activities (including employment) during or after college
Experience in research, especially biomedical science research, a plus
Cornell regards linkage as, among other things, a means to expedite matriculation at medical school as soon as a Postbac Premed student has completed academic preparation

"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

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Jul 12, 2020 - 2:04am
Analyst 2Β inΒ IB - Ind:

Have definitely known about this post bacc and heard it is really hard and not worth it when grades matter a lot more than the school you went to. I think many people just attend thinking it's a great Ivy name and that would mean that they would get into med school that way. However, the school you go to does not matter that much at all for med schools.

It just occurred to me that you seemingly don't understand the concept of linkages.

"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

Jul 12, 2020 - 3:45pm

Fuck yeah it's difficult. Getting into med school in the US is notoriously difficult.

I've read nearly everything on SDN about Columbia - it's hard as fuck. There are many people who spent tons of money for the post bac pre med program and didn't make it.

I would feel enormous pressure to succeed if I was ever in that program and paying full price for it. I've interviewed at Columbia U to try to get in for free, but they hired someone else for the position. I don't feel comfortable paying full price for that program at this stage in my life.

"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

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  • Analyst 2 in IB - Ind
Jul 13, 2020 - 5:11am

What do you mean that you interviewed there to get in for free? Did you apply to the post bac at some point in your career recently? Are you thinking of going to med school?

Yeah, the thing with med schools is that they don't care much about where you got your grades from. In this case, it's better to get a higher grade at a lesser known school than to not do as well at Columbia.

Jul 13, 2020 - 9:14pm

I interviewed with the head of Columbia University HR to fill a financial operations position to work FT at Columbia in a sort of corporate finance type role and possibly be able to take classes there for free.

"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

Jul 13, 2020 - 9:16pm
Analyst 2Β inΒ IB - Ind:

it's better to get a higher grade at a lesser known school than to not do as well at Columbia.

No doubt

"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

Jul 13, 2020 - 9:23pm

I also have studied for the MCAT and the opportunity to get a 3.75 or something in classes even if they are hard is much more alluring to me than having to ace that exam.

I do much better cramming for exams in classes than dealing with an exam with so much breadth like the MCAT.

"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

Jul 11, 2020 - 11:26pm

Yes this

"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

Jul 11, 2020 - 11:27pm

https://stabmag.com/assets/Uploads/2012/01/_resampled/ScaleWidthWyIxMjAwIl0-Damien-HobgoodJimmicane.jpg

Damien Hobgood - Cardiff Reef

I used to surf here.

"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

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Jul 12, 2020 - 8:58am

It's a fair question. IBD gives you some very specific but narrow skills. Interesting to see what others have gone off and done afterwards. I know one trader who became COO of a restaurant chain, a former IBD ED who started an ecommerce site, an associate in ER that became a kindergarten COO, several ppl who joined tech companies in ops/strategy roles, a couple who left IBD to start a HF, and a fair few former finance ppl who went on to do boutique IBD or capital introduction / placement agent work.

Jul 12, 2020 - 10:02am

growing up I lived on an orchard. I used to love picking fruit and digging holes. Give me a pickaxe and I can tear up a field for planting like there's no tomorrow. That was my favorite thing. Give me a field to tear up and I'm just thrilled. I LOVE working outdoors, with my hands, doing manual labor. I can stack bricks and build a wall and put in irrigation pipes without rest. I wish manual labor paid better. I think it would be so nice to be able to support a family on that.

Jul 12, 2020 - 12:09pm

Joined a tech company in a strategy role and then moved to becoming a product manager. Ended up making more than I would have staying in finance which was certainly not my initial expectation.

Jul 12, 2020 - 12:19pm

Hey if you don't mind could you share a little more information on the transition and how you went about it. Were you in IB before you moved to the tech company? Why did you decide to leave finance? How similar/different was the work? Did you have to learn some technical knowledge on your own to be able to transition into the PM role? Thanks!

  • Analyst 1 in Other
Jul 12, 2020 - 12:33pm

My story is similar to yours.
I was in FAS (NYC) recently before I got laid off, and just took a job offer as a product manager in a fintech company in APAC. Haven't started yet. A startup that has ~500 ppl.
Before FAS, I did a long-term equity research internship.
I self-studied Python and SQL on an intense pace --- SQL is not hard to learn, while Python is more difficult, it's syntax is not as complicated as say Java. These are good for data analysis as a PM; product management courses from Coursera, and read a couple PM books. The position I am going to also requires some knowledge in blockchain --- read a book, some papers and articles.

Do you have to learn some basic technical knowledge to transition into a PM role?
I believe so. You need to understand what a product manager does, the responsibilities and some common/popular PM processes in case you are asked during interviews. SQL/Python/Some other coding languages would be helpful in data analysis or working with the engineers. Soft skills gained in finance would be very transferable.

I decided to leave finance --- given its fintech PM maybe not completely --- after thinking hard about where I want to go next. My plan is to learn mobile deveolpment and start a company, or at least be able to write well-functioning apps in the next two years. I want a role where I can be closer to how businesses operate and what it's like to build products. I've admitted to myself that conducting valuations based on client expectations (the client told me to use a 5% discount rate while the valuation was supposed to be "independent"), fixing powerpoint margins at 12am, waiting for comments that "might come in " at 2am on Saturday morning, or drafting research notes that are supposedly valuable (90% of sell-side equity research is probably worthless) is not exactly what I want. I'm not saying there aren't aspects that I don't find the profession interesting --- I made efforts to break in at the first place. It's just not what I truly want.

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