About to start IB and wish I wasn’t

I’ve been a lurker on this forum for years and it is, in part, the reason I ended up in finance. I transferred from a shit school to a target one to make recruiting easier. I got the IB internship. Internship secured, I began obsessing over PE recruiting. I mapped out a future involving mega-funds and an MBA and then maybe a stint at a hedge fund. I did the internship. I got the return offer. Soon I’ll be starting this coveted job people are so eager to break into. 
At every step of my life so far, my decision making was primarily driven by two factors: prestige and pay. Nothing more. 

Perhaps this is why I now find myself looking towards my future like it’s a prison sentence. This job, that I chose for all the wrong reasons, is one that I cannot stand.

I don’t want to be ungrateful. I know I won’t regret getting some work experience. I know I’m lucky to have a lucrative job at such a young age, especially when a lot of my peers are struggling to find work right now. I know things will be alright in the long-term if I work hard. 

Right now though, all I feel is completely and utterly lost. 

I’ve got this pit in my stomach, the dread of going to the office, the dread of doing the work itself, which I just don’t like. I thought I could force myself to like finance, and that prestige and money would be enough to mask that nagging feeling that something isn’t right. But it isn’t. I don’t give a damn about either anymore. I’m about to spend 70+ hours a week slaving away at something I’m utterly uninterested in, all to earn these “benefits” (pay, exit to PE, “clout”) that no longer hold any value for me.

I don’t care about PE. I don’t know why the hell I ever wanted to work at a hedge fund. Oh wait, I do: it’s because I thought it would sound prestigious and smart. I’ve realized I never wanted to work in IB, I just wanted to be able to say that I worked in IB. Because when you have no idea what the hell you actually want to do, it makes sense to just do the thing that sounds the best, the thing that everyone regards as exceptional (even though it’s really not all that.)

I’m sad because I don’t want to do this, and then I’m angry at myself for not wanting it. I got everything I spent years planning for and still feel like I’ve failed. Discovering that I don’t want to work in this industry feels like a deep personal failure, like a weakness of character. Especially since I don’t know what it is that I do want. I feel so old and so young all at the same time. Most of all, I feel foolish.

If you made it this far thanks for reading my rant. If you already work in the industry, how long would you suggest I work this job before changing roles? Is eight months long enough to avoid damaging my resume? Or should I not quit at all and just tough it out, do my 2+2 and then switch tracks?

 

Based on the most helpful WSO content, here are some insights and advice for your situation:

  1. Evaluate Your Current Situation:

    • It's common to feel overwhelmed and uncertain, especially when starting a demanding job like IB. Many professionals have experienced similar feelings early in their careers.
  2. Consider the Long-Term Benefits:

    • Gaining work experience in IB can be valuable, even if it's not your ultimate career goal. It can open doors to other opportunities and provide a strong foundation for future roles.
  3. Timing of Job Switches:

    • Short Tenure Concerns: Leaving a job too soon (e.g., within a few months) can raise red flags for future employers. It may suggest poor career management or a lack of commitment.
    • Recommended Duration: Generally, staying at least a year is advisable to avoid damaging your resume. This shows you can commit and handle the demands of the role.
  4. Develop a Strong Narrative:

    • If you decide to switch roles, be prepared to explain your transitions convincingly. Highlight the skills and experiences you've gained and how they align with your future goals.
  5. Channel Your Energy Productively:

    • Use your current dissatisfaction as motivation to improve your skills and explore other interests. This can make you more marketable when you're ready to transition.
  6. Mental and Physical Health:

    • Consider your well-being. If the job is severely impacting your mental or physical health, it might be worth exploring other options sooner rather than later.
  7. Seek Advice and Support:

    • Engage with mentors, peers, or career coaches who can provide guidance and support as you navigate your career decisions.
  8. Plan Your Next Steps:

    • Before making any drastic changes, take time to reflect on what you truly want in a career. This can help you make more informed decisions and avoid repeating the same cycle of dissatisfaction.

In summary, while it's important to gain experience and demonstrate commitment, your well-being and long-term career satisfaction are also crucial. Consider staying in your current role for at least a year, but use this time to explore other interests and prepare for a potential transition.

Sources: When to jump - Advice on switching jobs, careers, and fields, How many Job Switches is too many for an MBA?, https://www.wallstreetoasis.com/forum/investment-banking/how-soon-can-i-leave-1st-year-ib-analyst?customgpt=1, Quitting IB in 2023 - Burnout, https://www.wallstreetoasis.com/forum/private-equity/leave-pe-early-or-stick-it-out-2-years?customgpt=1

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

I think your mindset is still wrong. Your last sentence is talking about grinding it out then switching “tracks”. Following a predefined track is what got you to where you are. You need to look inwards and decide what makes you happy and then pursue that. Forget the tracks mindset as there is no track for a happy life.

 
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I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 

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