BubblyPretzel
BubblyPretzel

Left my Consulting job and moved to Asset Management. One of the best career decisions I have made.

While over the years, I was chasing Investment Banking and Consulting roles, realised how underrated AM is as a profession.

Surely not as lucrative as IBD in terms of pay and prestige, but it is a sweet career path. The anxiety due to working into consulting became unbearable after a certain point and I realised that it's good, the growth is nice with decent pay but I don't think I can handle the stress of clocking 60+ hours a week and it's better to leave than being completely burned out.

In AM, I make much more than I used to make in consulting. I barely work 40-42 hours a week compared to 60+ in my consulting days with much more job stability and a better work environment. It's not all roses. There are days when there is a bit of pressure but these days are far and few in between and are much less brutal. I have enough time now to do whatever I want. Gym in the morning. Office at 10 and a game of tennis is the evening after work. Not to mention, I have enough time to spend with family.

I talk to my friends working in IBD on a daily basis and frequent rants about poor quality of life is now a part of our daily conversations.

I finally reached at a point when I realised that I should stop running after higher pay and start considering other aspects of life. Not saying that one should stop chasing money, but just the compensation should not be the only factor. All that money is of no use when you don't have the time to spend it with the same set of people you are earning this money for.

7mo ago
3.8Kviews
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GoofyCupcake
GoofyCupcake

Consulting mei karna kya hota hai ?

QuirkyDonut
QuirkyDonut

Fundae pelna

GoofyCupcake
GoofyCupcake

jaise ki ?

SnoozySushi
SnoozySushi

What is your role in AM background and yoe?

BubblyPretzel
BubblyPretzel

My role is inclined towards product strategy. YOE-Slightly above 3

SnoozySushi
SnoozySushi

are you an MBA?

FluffyTaco
FluffyTaco

You say in AM you make more than consting consulting and then go on to give a speel about money not being everything. Why not call it for what it is - you moved for a better WLB but not at the cost of pay.

BubblyTaco
BubblyTaco

He is saying it’s not about pay by comparing with IBD and not consulting

ZippyDumpling
ZippyDumpling

Can somebody explain the terms, IBD & AM. How is the job profile in AM ?

SillyBiscuit
SillyBiscuit

Investment Banking Division and Asset Management

SillyBiscuit
SillyBiscuit

Asset Management is primarily Analyst Roles in Mutual Funds, Fund Houses or Hedge Funds or Family Funds etc.

JumpyPenguin
JumpyPenguin

Amazing, I've been thinking of quitting myself for a while now. This gives me hope haha

How'd you decide on AM as a career?

TwirlyMochi
TwirlyMochi

Following.

BubblyPretzel
BubblyPretzel

It was accidental.

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