🥲TL;DR:
Finished a 4-year quant finance degree, torn between econ research and a corporate MBA/MiM. How do I decide?
I did a 4-year Bachelors in quant finance (7.9 CGPA) and want to work in economics, but I’m not sure research pays enough. I turned down a 6 LPA quant analyst offer because my dad didn’t want me leaving Bangalore, and now I’m in a 6-month internship at an IT startup with no certifications or network to show for my college years.
Academic path: I’d be happier, but it pays little and my profile isn’t stellar. I’m scared of ending up financially dependent on my parents. Corporate path (CAT/MBA or MiM): safer, but I’d drop my interests, and I don’t know what I’d say in interviews.
I’m prepping for CAT and GRE anyway, but I need help. How do I sort this out?
.
.
.
✨The Essay ✨
I'm so lost. 22F, I am not sure what I want.
I finished a 4-year degree in Quantitative Finance. So, basically economics and finance with complex math.
I chose to do 4 years to have a shot at research opportunities or research masters. Later, I pivoted and decided I wanted to have work experience because I wasn't sure about career paths in economics - which is what I like doing. I may not be passionate, but I enjoy it a lot more.
My grades fluctuated a lot but I managed to get a 7.9 cgpa at the end.
While I did get a job opportunity, it started off as a 2-month internship with a 6 lpa fixed full time offer after that as a quant analyst at a small trading firm. Not the best, but we barely had placement offers at college to begin with.
This is where the issue begins: I let go of that opportunity because my dad felt I shouldn't leave Bangalore and focus on planning my masters. He made up all sorts of excuses saying this firm is small, they'll just extend your internship etc etc when it's a financial firm with barely any operational costs unlike other industries. "Waste of time" according to him. The truth is he just didn't want me to leave the city so that my mom wouldn't be alone (he works away and is home on weekends), and I get it. I got sentimental too, and willingly did let go.
Unfortunately I did not pursue any major certifications or network well on LinkedIn because I spent my entire time in college being indecisive, and could not get immediate better offers. I take full blame for this. So ultimately I ended up at an IT startup in their financial planning department, from connections - as an intern for 6 months for now.
My second issue with indecisiveness ultimately boils down to this: the low financial return that often comes with an academic path in your 20s. I am happy being self sufficient but my parents are getting old and my brother is yet to start earning well, and while my parents do have a sufficient retirement fund - they clearly expect us to earn extremely well.
My dad asks me what I want, and yeah sure, seems progressive in thought but he's out of touch with reality. He tells me to pursue any career that will give the best money, then he says he prefers if I do research as a "girl", then says I should be aiming at earning 6-8 lpa a month. The worst part of all this is dealing with him. He says I should pursue what I want, but he's rarely ever listened to me. I've told him that I liked economics and then he tells me I should do something in sustainable finance/Fintech/quantum finance or something AI related because of the money. When I was in 12th and considering IPMAT (joint BBA-MBA that IIMs offer), he just asked me to blindly follow whatever he said to have a good career. That didn't work out, clearly. There is no freedom even if he covers it up with "do what you like". Trust me, I have seen the hypocrisy. Now everyday he says my career is not shaping up well, and says I've lost time and should take next steps properly when I let go of a good and lucky learning opportunity that I could've used on my resume for his sake. The pressure and feeling of being incompetent he creates is unbearable.
My final issue is this: I'll be self satisfied if I pursue the academic path, but I'll be sacrificing a lot of milestones for later since it's not financially lucrative. Especially because my profile is not stellar. I'm also scared about potentially being dependent on my parents financially if there are any emergencies which is even more screwed up.
I feel I'll have better luck with the corporate path, but I'll have to let go of my interests and do the classical MBA or MiM. But I'm also scared about surviving in the current and upcoming future job market. I am preparing for CAT and GRE but I'm so scared I'll be unhappy with this, and I barely have a plan so even if I crack these exams what am I going to say in the interviews???
What I hate most about this is my sheer lack of decision making when it comes to my personal life. I blame my upbringing and overbearing dad for this but I can't keep blaming them forever and need to get a spine. But first, I've got to make a choice.
How do I sort this mess out? I know this is immature and I need to take more accountability but this really is a CRY FOR HELP.