Travel the world

Thinking that i might want to solo travel for 6 months after my analyst stint. For those who have done something similar or gone on long travel trips, how much of my nest egg should i expect to shell out? Asking this because it will help me decide on how much to save between now and then.

Destinations in mind will likely be Asia/SE Asia and South America to get the best bang/buck for new experiences. Europe should be easier to hit up for shorter trips across the years and I'm not sure about soloing Africa.

Comments (39)

Feb 7, 2021 - 12:11am

I've been to 23 countries and have lived across the world. You can do it on a shoestring. Stay at hostels and it will be a lot of fun. 

"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 1 in IB - Ind
Feb 7, 2021 - 12:20am

What would you do at hostels/ how would you pick your hostels? I've done a couple, but have not found consistency in finding good ones.

Feb 7, 2021 - 12:39am

Nowadays, probably by reviews at I used to travel on Lonely Planet books. 

"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

Most Helpful
Feb 7, 2021 - 12:31am

So a few years ago I quit my grad job and already had a trip to Iran booked for later that year. I pushed out the return flight and basically hitchhiked west for a few months. Went to Iraq, Jordan, Egypt, Sudan, Eritrea before making a (in hindsight) hilariously long and complicated return journey.

Whole thing cost maybe $5000, including staying at decent-ish hotels where possible (emphasis on possible). I warn you that Africa is the biggest rip off in terms of accommodation etc unless you're willing to travel like a local (again, something in hindsight you'll laugh and tell stories about but at the time is pretty rough). That said, if you're looking for "new experiences" I think you're far more likely to get authentic ones there than in most parts of Asia. 

At the time I was really anxious about coming back and finding a job, but now that everything worked out I find myself wondering if those few months will be the only part of my 20s I actually really enjoyed. 

Feb 7, 2021 - 7:03am

Iraq depends on where you are. Kurdistan is extremely safe, the urban centre + shiite south are ~ok if you keep your wits about you and ideally stay with a local, and I'd recommend hiring a local fixer for the north and west. The situation might have changed since I was there. 

Sudan is 100% safe. 

Feb 17, 2021 - 3:27am

Yeah spent almost a month there and would definitely rate it the best country I've ever been to. The people are great - I travelled solo and had random people asking me to have dinner with their family, asking to hang out with them and their friends, even to stay with them and let them be my personal tour guide and they literally refused to take any form of payment or anything. They're also extremely western, despite the impression their government might give you. I'd recommend it to anyone: history buffs, hikers, foodie people, families, solo travelers (even women). It's also pretty comfortable travel: lots of cheap, decent hotels, while trains/buses between cities cost next to nothing and are up to western standards of comfort. 

Only caveat is I was travelling on a non-US passport; I think US travelers can only get a visa as part of a tour group, which would pretty much take away all the human interaction. 

Feb 7, 2021 - 6:11am

Traveled the world, have been to every continent except Australia. Some of it was using public transportation and overland bus trips (Asia). The more expensive journeys were rental car based road trips in the US (>15K $US per trip just for me).

Wish I'd done even more trips, but had to start my career at some point and stick to it.

National Suicide Prevention Lifeline  1-800-273-8255

  • 1
Feb 7, 2021 - 9:10am

Depends on the level of luxury you want and where you're gonna eat etc but assuming you stay in hostels, eat locally and cook every now and then in SE Asia and most of South America (Brazil and Argentina a little more expensive) you can do a backpacker trip on a basic budget of about £30 a day plus travel and high ticket activities extra. Obviously if you're gonna be doing South America on the local high grade you gotta add some to that budget.

I have done both continents and would highly recommend a lengthy trip in either, although definitely wait till everything is properly open again. I would recommend booking your first hostel based on hostelworld reviews, and then asking for recommendations for all your hostels after that from other people you meet on the way.

Feb 7, 2021 - 10:13am

I traveled for a couple months through SE Asia and have spent some time traveling in Southern Europe as well. I agree with what some of the posters above have said. I spent two and a half months in Thailand and Vietnam and spent roughly 1,000/month USD. That includes everything from hostels to food to booze to the motorcycle I bought for my trip through Vietnam. You can do it very cheap and that was me not trying to really save much money at all.


I would also recommend booking a hostel for the first two or three nights in whatever city you're landing in but after that keeping everything unbooked. I showed up in Bangkok solo with what I thought was a pretty well thought out plan about where I would travel afterwards. That lasted about half a day because I met some guys at the hostel that I had a good time with so I ended up tagging along with them to the next city. After that I abandoned my entire plan and just went wherever sounded good based on recommendations from fellow travelers. I wouldn't even book a return flight if I were you. You never know where it might end up being easier to fly home from. Yeah, you end up paying a slight premium in some cases because you didn't book a round trip but that premium is worth it since you won't have to worry about being back to a certain city by a specific date. 

Feb 7, 2021 - 3:55pm

Hike one of the Triple Crown trails, PCT, CDT or Appalachian. These take about 5-7 months to complete. You'll see people in the PCT and Appalachian trail. In the CDT you can go weeks without seeing a single person. It's not exactly traveling the world but for six months you'll enjoy nature and miss all the amenities you take for granted like a bed, warm water, warm food, etc. For 6 months try one of these trails. Just be careful of bears,mountain lions, flash floods, lighting storms, dehydration and starvation.

  • VP in IB - Ind
Feb 10, 2021 - 1:57pm

This is an important question that many people avoid. 

Look, going on vacation is fun. Quitting adult life to go on an extended vacation without a long term plan however is irresponsible.

I do not buy the argument that extensive traveling makes a person more well rounded or worldly... the most insightful people I know are those who read books, or even just Wikipedia, and have a strong work ethic in general. 

I once came across a resume (from a cold email no less) with "traveled the world" listed among their professional experiences. It went in the trash. How lacking in self awareness must you be to advertise a two year gap in your work history when other candidates spent those same two years working their asses off. 

Call me old or a loser but this is a real perception in industry. The least you could do is put a b school mask on your "adventures"

Feb 15, 2021 - 10:25pm

agree that it's a jackass move to put that on your resume but it's a bit off putting to posit that there is a right way for everyone else to approach their lives based on how you think that you should approach your own life. also saying that it's irresponsible for other people to do something that they want to do seems like it could be used to justify not doing something that you might want to do in fear of others thinking that you were being irresponsible doing that thing that you wanted to do. you are a puppet if you are deciding to do things based on what other people are going to think about what you decide to do.

Feb 17, 2021 - 3:22pm

this is so fucking lame dude. i have met several highly successful hedge fund partners worth millions who have "1 year gap year to travel the world" (mid professional career - usually after 2-5 years of work experience) on their linkedin to this day. I promise you these people are not useless slackers.

Feb 15, 2021 - 10:25pm

I was in Indo and these two chicks walked into my hotel room randomly and this one chick said she'd hookup for some money and then grabbed my hand and made me grab her right in the pussy to make sure she wasn't a ladyboy. Definitely felt 0 - 100 lol - asia. They were both pretty hot. Never saw them again though.

"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

Feb 17, 2021 - 7:12pm
Start Discussion

Popular Content See all

+133IBby Intern in Corporate Finance">Intern in CorpFin
You Did it Citi
+120OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
HELP: Sticky Situation with Boss
+109OFFby 2nd Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 2 in IB-M&A
Idgaf anymore
+31IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Anyone else just want out of this shit?
+29IBby 2nd Year Analyst in Investment Banking - Generalist">Analyst 2 in IB - Gen
Evercore Target Schools?
+26BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
To Snitch or not to Snitch?
+20OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind

Total Avg Compensation

March 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (162) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (370) $131
  • Intern/Summer Analyst (306) $82

Leaderboard See all

LonLonMilk's picture
Jamoldo's picture
Secyh62's picture
CompBanker's picture
redever's picture
frgna's picture
Addinator's picture
Edifice's picture
NuckFuts's picture
bolo up's picture
bolo up