The Truth About High Level Jobs

TL;DR

A former investment banker and management consultant shares his experience and why he left the field.

Transcript

yeah so it's I guess basically everyone I know who did a non-medical degree went down the either Investment Banking or management consulting route and actually a lot of people I know who do have medical degrees are now trying to go down those routes because they're like oh this is my exit strategy for medicine they do medicine for a bit they realiz... Read More

Key Insights

• 😷 Many individuals with non-medical degrees pursue careers in investment banking or management consulting.
• ❓ Investment banking involves supporting companies in financial transactions and valuation analysis.
• ❓ Management consulting focuses on offering strategic advice and creating presentations.
• 💦 Both fields can be demanding, requiring long working hours and intense dedication.
• ❓ Investment banking and management consulting careers often attract highly intelligent individuals.
• 💦 The hierarchical nature of these fields can be discouraging for those seeking a more collaborative and autonomous work environment.
• ❓ Personal experiences and exposure to innovative startup culture can greatly influence career trajectories.

Questions & Answers

Q: What is the difference between investment banking and management consulting?

Investment banking involves financial transactions and valuation analysis, while management consulting focuses on strategic advice and creating presentations.

Q: Why did the speaker leave investment banking for management consulting?

The speaker found investment banking to be very demanding with long working hours. They wanted a career change and saw management consulting as a similar but potentially less demanding option.

Q: What did the speaker learn from their experience in investment banking?

The speaker learned how to endure and work diligently through challenging tasks. They also gained exposure to highly intelligent individuals during the interview process.

Q: Why did the speaker ultimately leave management consulting?

The hierarchical nature of the field, where only top-level individuals were allowed to interact with important clients, frustrated the speaker. They craved a more collaborative and autonomous work environment.

Summary & Key Takeaways

• Many individuals with non-medical degrees pursue careers in investment banking or management consulting for financial reasons.

• Investment banking involves supporting companies in financial transactions, such as acquisitions, while management consulting focuses on strategic advice and creating presentations.

• The speaker initially worked in investment banking but switched to management consulting before ultimately leaving the field.