Thursday, 30 May 2013

Wall Street Oasis - Investment Banking & Finance Community: Does it ever make sense to walk away from a job?

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.
Does it ever make sense to walk away from a job?
May 30th 2013, 22:43

Ejection seat

Here's my situation. I am giving serious thought to quitting my current job, even though I do not have another one lined up yet. I've been working at a local wealth management firm in the Pacific Northwest, as an investment analyst (basically picking mutual funds and putting portfolios together). I was originally hired as a retail financial advisor, but that's never what I wanted to do. Originally, I've wanted to get into equity research. The short story was that I wasn't able to get a job out of school for that, so I needed to pick up something just to pay the bills, and I figure that I'd look for work while I'm working in my current job.

A big part of me not getting a job out of school, or even for a while afterwards, was completely on me. I didn't really understand the value of networking, and I completely overestimated my interview skills. I graduated back in 2009. Over the past few years, I have been getting interviews and final rounds, but no closes, and also not in equity research roles--they were at other wealth management firms, and also in my small city, but it would be a bit step up in terms of pay, and maybe it would be something to do until grad school (a way to transition maybe).

There are a number of reasons why I am giving thought to leaving, but it comes down to three main ones:

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