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re: 47 and burned out
Posted on 2/19/15 at 1:35 pm to LSUAfro
Posted on 2/19/15 at 1:35 pm to LSUAfro
Am going thru the same thing. Been at my company for 12 years. Just lost my grandmaw and worked a lot of hours. Told my boss I am not working anymore hours then 8-5 unless a special occasion. No one else appears to work late, so why should I. Whatever doesn't get done will get done the next day. I work in the insurance business, not banking.
0
Posted on 2/19/15 at 1:35 pm to Lou Pai
He said that as an I Banker in his 50's. He left I banking shortly after.
I'm not disclosing my employer as there are a few people who post from this account from time to time and I don't want my name associated with their posts.
I'm not disclosing my employer as there are a few people who post from this account from time to time and I don't want my name associated with their posts.
Posted on 2/19/15 at 2:02 pm to white perch
quote:
Go work at hooters
So long as you have a 5-year plan.
Posted on 2/19/15 at 2:54 pm to TheHiddenFlask
quote:
1) It raises the question of "will you do this again?". High level banking jobs take several months to get fully onboard. They don't want to hire someone who is going to leave in 3-4 years. It's bad enough they have to compete with other firms, but competing with awesome beaches in foreign countries is tough to manage.
He wasn't totally clear, but he might have been at his current employer for 16 years. Would you not place value on that sort of loyalty?
quote:
2) the same reason I would never hire someone with a face tattoo. It's a chicken and egg scenario. Regardless of how bad the issue actually is, you chose to put yourself in it knowing the social stigma. It shows either very poor decision making or a rebellious attitude that does not work in the corporate world. I don't care how skilled you are, you're worthless if I can't trust you to not make terrible decisions.
This seems ridiculous.
quote:
3) you lose touch. Missing an entire year of deal flow means that you are way behind and could easily make some of the same mistakes that have recently occurred in your field. Even if you "keep up", it's not the same as being immersed in it.
My impression is that he would not stay in banking.
Posted on 2/19/15 at 3:07 pm to TheHiddenFlask
quote:
there are a few people who post from this account
is this common on here? wtf
This post was edited on 2/19/15 at 3:08 pm
Posted on 2/19/15 at 3:39 pm to TheHiddenFlask
quote:
If you follow the advice of many of these people saying to take a year off, have fun findin. A job in a year when you have to explain that you left your last career for some "me time".
Would it be cool? Yes.
Would I ever hire you? Hell no.
This is all assuming you are doing large scale banking. You have never clarified that.
i did it and most people were totally ok with it, same with the wife.
but I work in tech and that is more accepted.
Maybe try for a leave of absence?
Posted on 2/19/15 at 3:45 pm to TheHiddenFlask
quote:
The head of my investment bank once dropped this knowledge on me:
You know what you cal a 45 year old investment banker?
A failure.
I banking isn't meant to be a career past 40, unless you are the kind of person who doesn't want to do anything but feel the rush of the deal.
If he's been doing I banking for 20+ years, he should be able to retire at this point. My thought is that he's doing something more menial and callin. Himself a "banker" to sound more important.
but aren't you just a commercial banker?
This post was edited on 2/19/15 at 3:49 pm
Posted on 2/19/15 at 8:12 pm to TheHiddenFlask
All good I work in Pe and sick of some of the crap with pe so was looking to transition
Posted on 2/19/15 at 8:22 pm to FlowMaster
Flow, shoot me an email at lsutigerz2001@yahoo.com. I'm new to the banking industry on the vendor side and while you probably hate vendors, I would like to pick your brain a little. I'm fresh out of school and new to the industry so would like to ask a few questions to see what makes you guys tick. You might be burned out, but you definitely have the experience to help a guy like me.
I second traveling. I went to Europe for 2 months after graduation and am taking 10 days to go to SE Asia later this year. Sometimes it's just enough to recharge the batteries until the next time. Best of luck to you
I second traveling. I went to Europe for 2 months after graduation and am taking 10 days to go to SE Asia later this year. Sometimes it's just enough to recharge the batteries until the next time. Best of luck to you
Posted on 2/19/15 at 9:24 pm to TheHiddenFlask
quote:
The head of my investment bank once dropped this knowledge on me:
You know what you cal a 45 year old investment banker?
A failure.
What a moronic statement to make. This guy sounds like a tool.
You call a banker past 45 a MD / partner / VC. Look at all the BSDs in Energy M&A / cap mkts - Trauber, Eads, Tudor, McGee, Pipkin, Perry, etc. - guess these guys are all failures
Posted on 2/19/15 at 10:19 pm to FlowMaster
The regulatory pressure coming down and already down on regional and local banks is just too damn much.
I am one of the best in the business and I want to walk away damn near every day - take a year off and find something else.
There will have to be a wave of mergers to be able to handle all of the regulatory and compliance costs....I need to be able to capitalize on that.
I am one of the best in the business and I want to walk away damn near every day - take a year off and find something else.
There will have to be a wave of mergers to be able to handle all of the regulatory and compliance costs....I need to be able to capitalize on that.
Posted on 2/19/15 at 10:26 pm to TheHiddenFlask
Taking a year off at age 47, after presumably working for 25 is a bad sign. 
What a joke. If he has any specific skills at all he should be able to take a year off and come back no problem. I'm 32 and I could easily take a year off and come back and find a job in a month or two.
What a joke. If he has any specific skills at all he should be able to take a year off and come back no problem. I'm 32 and I could easily take a year off and come back and find a job in a month or two.
Posted on 2/20/15 at 2:23 am to Athanatos
bullshite, managing relationships with clients while making millions a year as a VC or Group Head sounds like the life of a loser. They offer no strategic insight to clients whatsoever due to their lack of experience/expertise.
Posted on 2/20/15 at 6:48 am to whodatigahbait
I am a commercial banker, but I have not always worked in commercial banking. I prefer this lifestyle/income ratio much more than most of my other gigs.
The comment was said in jest. I have never met an I banker who didnt think it was funny. You guys are taking it way too seriously. If you would work their hours for a month, you would understand why it's funny.
ETA: Athantos makes one. Maybe it is only funny in person.
The comment was said in jest. I have never met an I banker who didnt think it was funny. You guys are taking it way too seriously. If you would work their hours for a month, you would understand why it's funny.
ETA: Athantos makes one. Maybe it is only funny in person.
This post was edited on 2/20/15 at 9:00 am
Posted on 2/20/15 at 9:03 am to tiddlesmcdiddles
Having a few posters is fun. I'm the vast majority of the MT posts and polo talk posts. Being able to search "my posts" for great posts my friends made is fun.
Posted on 2/20/15 at 9:16 am to TheHiddenFlask
quote:
there are a few people who post from this account from time to time and I don't want my name associated with their posts.
waaaaaaaaat
Posted on 2/20/15 at 9:35 am to Moustache
quote:
Just from the perspective of a potential new employer----How do i know when you're just gonna flake out and leave me in a bind because you want some "me" time to travel and see the world? It's too big a risk IMO. I'd rather hire someone more motivated.
From the perspective of a potential employee, how do I know I wouldn't be laid off due to some budget cuts or changes in the market? I've been laid off before while performing over plan (sales) and that taught me to work for me. If I'm successful then that will also benefit the company. If I had to work for 10 years to afford a 1 year trip around the world does that make me not motivated? Does that make me lazy? Would you not respect the work I put in to achieve a goal?
Posted on 2/20/15 at 9:46 am to nelatf
quote:
The regulatory pressure coming down and already down on regional and local banks is just too damn much.
I am one of the best in the business and I want to walk away damn near every day - take a year off and find something else.
There will have to be a wave of mergers to be able to handle all of the regulatory and compliance costs....I need to be able to capitalize on that.
This. I hear it all the time. A good friend retired earlier than planned because she just could not take it anymore. Banking in general ain't what it used to be.
I don't know if this will work for OP, but knew a guy years ago who left for a couple of years and used his talents in non-profit. OP if you can afford to do this, NP's are good networking vehicles.
Of course, in this dog eat dog private sector work environment, don't know if the old rules apply. It's not just banking, it's everywhere.
Posted on 2/20/15 at 10:21 am to TheHiddenFlask
quote:
If you follow the advice of many of these people saying to take a year off, have fun findin. A job in a year when you have to explain that you left your last career for some "me time".
You wouldn't hire someone with 16 yrs experience who took a sabbatical to recharge? Seems rather short-sighted, bitter and extreme.
Posted on 2/20/15 at 10:23 am to TheHiddenFlask
quote:
The head of my investment bank once dropped this knowledge on me:
You know what you cal a 45 year old investment banker?
A failure.
I banking isn't meant to be a career past 40, unless you are the kind of person who doesn't want to do anything but feel the rush of the deal.
If he's been doing I banking for 20+ years, he should be able to retire at this point. My thought is that he's doing something more menial and callin. Himself a "banker" to sound more important.
You're trying too hard to be an IB bad arse.
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