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Am I screwed? Career crisis...at 24.

Discussion in 'Business, Careers & Education' started by leftover_salmon, Aug 17, 2012.

  1. Piobaire

    Piobaire Senior member

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    In My Douchemobile
    

    Terrorist ties was my first thought.
     
  2. texas_jack

    texas_jack Senior member

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    Hobart, IN
    

    This really is it. At 24 you shouldn't be sacrificing your career for a girlfriend. Get a job anywhere, right now. Do not get unemployed.

    -signed
    Formerly unemployed
     
  3. RedLeg

    RedLeg Senior member

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    Jun 26, 2012
    Location:
    San Francisco
    If she's really the one, take some of that 150k and fly her out for a weekend each month. While the expense will obviously add up, I would venture to guess it will not be greater than your loss in comp from switching industries. It will help hold you over until you find something.

    As for your job situation, I would go tell your boss that you have decided that your career with the firm is more valuable to you than your relationship with this girl of yours and you would like to stay on. If your MD is anything like mine, he will probably respect the hell out of you.
     
  4. SkinnyGoomba

    SkinnyGoomba Senior member

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    She should move, many more opportunities in NYC. Life is not over at 24 with one misstep, I've asked many people who are old and wealthy how they got there and it is rarely a linear path....unless they were I-bankers.
     
  5. suited

    suited Senior member

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    On your first day, walk up to the biggest, blackest MF'er you can find and attack him. You'll be set from that day forward.

    Edit - accidentally copy and pasted jail advice.

    Keep your head up and improve your interviewing skills.
     
    Last edited: Aug 19, 2012
    1 person likes this.
  6. Fraiche

    Fraiche Senior member

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    SF
    

    Let me get this straight, you are having a career crisis because the path to a potential $200K a year job is not satisfactory?
     
  7. mafoofan

    mafoofan Senior member Dubiously Honored

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    A lot of investment banking analysts seem to get similarly disillusioned. They don't realize how exceptional their situations and opportunities are.
     
  8. Lord-Barrington

    Lord-Barrington Senior member

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    It's tough to realize how "exceptional" your opportunity is when you're getting paid surprisingly little (in terms of salary for hours worked) to log 90 hour work weeks changing font sizes and heading colors in a pitch book no one will read. The guy slinging fries at Burger King probably does more creative thinking at his job than the average IB analyst.

    Investment banking analyst is, bar none, one of the worst and least challenging jobs a young person can do. It is a great opportunity if you use is as a springboard to other paths (i.e. corporate finance, MBA, etc.) but no one should be surprised when these kids start losing steam a year in to the IB adventure.
     
  9. BrianVarick

    BrianVarick Senior member

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    Is it possible to get some sort of job at the canadian job while you wait for something to open up?
     
  10. leftover_salmon

    leftover_salmon Senior member

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    People love to snicker that those who work hard and make decent money can't really be happy. But then when someone admits that money isn't everything, he gets derided for it?

    In any case, I like making money but I don't want to do it in my specific job function. I like thinking creatively and having an opinion, neither of which matters much when you're working in sell-side investment banking. I'd much rather take a 50% pay cut to have the type of the job where someone gives me a company and tells me to come back in three weeks with an opinion of whether or not they should buy it.


    Yeah, I'm in a great situation -- right now. I just don't want to be a salesperson for the rest of my life, which is essentially what an investment banker is. The problem is that my current group's focus is too narrow to help me get the jobs I want. I want to really dig into companies, learn what makes them tick, and then bet that I'm right. I don't want to push paper around.
     
    Last edited: Aug 19, 2012
  11. Liquidus

    Liquidus Senior member

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    I'm also curious why your girlfriend can't move here. You would lose a job by moving. What would she lose?
     
    Last edited: Aug 20, 2012
    1 person likes this.
  12. mafoofan

    mafoofan Senior member Dubiously Honored

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    This is what every investment banking analyst says. But the truth is, you will "push paper" in pretty much any other finance job. And whether you are on the sell-side or buy-side, you are in the business of client service--so, in either case, you must become a good salesman at the most senior levels.
     
  13. Dbear

    Dbear Senior member

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    Unless you start your own Company, nobody starts their career by "calling the shots". You put your dues in and get there if you are good.

    On the flip side, are you OK with working at a Company where every new grad hired is given cart blanch authority make the calls and bet on what they believe is "right"?
     
  14. RedLeg

    RedLeg Senior member

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    You sound like you work in a FIG group and are upset that PE funds don't recruit FIG analysts (unless youre at GS). If that's the case, or something similiar, try making the switch to.a different group within your bank and do a third year.
     
  15. DocHolliday

    DocHolliday Senior member Dubiously Honored

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    Everyone and their brother wants the job that both fulfills them emotionally and pays bank. Most end up picking one or the other.

    If you're unwilling to live on less, the good news is that much of your decision is made for you.
     
  16. otc

    otc Senior member

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    Work visas? The OP sounds like he is either canadian or has worked there before (and its probably easier to get permission to work in canada) but his girlfriend is probably canadian with no real ties to the US.

    Don't you still need a visa to move to and work in the US, even if you are coming from Canasa? It sure doesn't sound like he's going to marry her so she's not going to get in on a green card. I have several friends who went to school here and ended up having visa troubles when their student visas expired. Some found jobs that could let them stay in the US (particuraily working for universities since they don't have the same visa quotas as normal businesses) but others ended up having to leave the country since if you were trying to work at a bank in 2009, there were plenty of qualified applicants who didn't need visa sponsorship.
     
  17. hoozah

    hoozah Senior member

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  18. gort

    gort Senior member

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    I like the humble brag here. This reminds me of greenfrog (who has improved much after his initial splash I must say) a few months back and JV too. :embar:

    Can you tell me more about your cable package and bar tabs?
     
    Last edited: Aug 20, 2012
  19. leftover_salmon

    leftover_salmon Senior member

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    But it doesn't get better. It's pretty pathetic -- and depressing -- right now watching a bunch of 50-year old managing directors panicking and travelling cross-country four days a week pandering to clients just to justify their existence.



    I didn't think I was bragging at all that I can pay a cable bill with no problem. My assumption was that most people on a forum about high-end clothes can, too. In fact, I thought I was mentioning a couple things that were downright mundane to most people who earn a decent living. (I'm not popping bottles of Cristal, I'm going to some dank bar for some good beers.) My point was I wouldn't even be able to do *that* much if I took a major pay cut.
     
    Last edited: Aug 20, 2012
  20. Fraiche

    Fraiche Senior member

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    SF
    

    Why is it pathetic that these 50 year olds choose to work when it's pretty clear they have enough in the bank not to work?
     

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