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I left and went to corp dev for a while. Ended up moving back because corporate culture sucked ass and the work was mind numbingly boring
No, but in my case I had no choice. I transitioned involuntarily due to family situation (took time off to care for a family member, then could not get back in). It’s less $ and exit opportunities compared to IB. But, everybody is different. If you are transitioning to some growth area (not in banking, elsewhere) you can do way better than in IB. And, if you want a better WLB, transitioning out of IB would be good for you.