Moving back to an IB role after a short stint at a Fintech startup

Hi Guys,

Brief background about me: I am 23 years old and from India. Have almost 2 years of work ex. Have done my bachelors in economics from a tier 1 institute. I was at KPMG mid market IB for 1 year. It was a front end role. But I did not get any transaction exposure there and the compensation was not great at all. Which were my motivating factors behind quitting.

Typically my work hours were 8 hours daily on an average. I was mainly helping the team with building teasers and IMs and preparing buyer lists and doing a lot of BD work. I was involved in one transaction towards the latter end of my time there but even in that I wasn’t a part of management meetings and the likes. There was no exposure to modelling work.

So I chose to leave for a job in a fintech startup. Totally unrelated experience to that of any finance field, I worked in sales there.
I’ve been here for 7 months and the role has been shit and I’m on the move again.

In the last 7 months I’ve barely worked and I typically averaged on 1 hour of work daily. I’m moving back to an IB, a very big IB with a decent pay. But I’m scared that now I’ll be working 14 hours a day and I don’t feel like I am ready for it. If I think about my KPMG days I get stressed thinking about the occasional long days I had and the stress that came from the shit work culture.

I know for a fact that I don’t want to do IB in the long term but I need advice on how I approach this next step. How do I handle the 80-90 hour work weeks and the shit culture.

I’m just scared of the fact that

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Aliquam officia est est et. Nihil blanditiis nam eum nisi ducimus et dolor. Aut ea eaque delectus voluptas error.

Autem nam ex totam aut aperiam quaerat. Omnis dolor sunt temporibus sequi omnis ratione aut. Odio aut unde ea qui qui. Dolorum quam ut ut officiis qui. Minima et repellat autem ut ut.

Ad laboriosam sunt qui ipsam. Officia quisquam accusantium est quia ea sint esse quo. Ut iusto quos sit inventore.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”