QuoteOriginally posted by: capafan2 And if you don't you still enjoyed your life.you won't enjoy your life you don't make a lot of money

QuoteOriginally posted by: ShaikQuoteOriginally posted by: DDUKONTouch choice to make . I was in a very similar situation in 2009, moving from FO Evaluation team to Risk-IT . At that time my first priority was to make sure I can take care of my family , so I took up IT . After almost 3 years I can say that it was not a bad decision . I was hired as a BA , not as a developer. So just sort out what is more important to you ? 1. Being emmployed no matter where2. Being in the right position where you want to be.I would advise take that IT position and start searching for a new job.Were you able to move to FO role later? how difficult was it?I did get opportunities but as many have posted already, IT brings you more money than FO most of the time. So , I opted to remain in IT and work as a BA. The good thing about it is 1. Huge market portability .2. Good money3. I used to work at least 10hrs everyday . Now I work 35hrs and get paid more.4. I get time to study , travel and live my life stress free.

QuoteOriginally posted by: DDUKONtravel and live my life stress free.this will end when you hit 40. things will get sour quickly.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: DDUKONtravel and live my life stress free.this will end when you hit 40. things will get sour quickly.Wow. I got exactly the same comment from somebody else. Not looking forward to that

QuoteOriginally posted by: quantmehQuoteOriginally posted by: DDUKONtravel and live my life stress free.this will end when you hit 40. things will get sour quickly.Only if you stay in finance and are not an MD then. But not otherwise. I am approaching 40 and I am loving my work like more than any other time in my life. The trick is to have current skills and find a sweet spot where you find people who respect your contributions and you are the go-to person for a specific skill set. It also depends a lot on your attitude. A lot of 40 year olds are stuck up in status issues - "I am too big for coding" for instance. If you are young at heart and enjoy your work, it is not at all that bad. No one likes a dead weight who comes with a lot of attitude baggage with little ability to contribute.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: DDUKONtravel and live my life stress free.this will end when you hit 40. things will get sour quickly.Of course they will. That's part of turning 40.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: capafan2 And if you don't you still enjoyed your life.you won't enjoy your life you don't make a lot of money"Lot of money" is very relative. You need enough money relative to your needs. Most people who say " I want to make a lot of money" are not after money at all. They are after "respect and other peoples envy". The psychology is very similar to one guy I knew in high-school who used to say "One's GF or wife must be such that everyone should get envious when they look at her". It is a self-esteem issue not a monetary issue. I do like to keep scores no matter what I do. Because if you do not keep scores, you can fool yourself into thinking you are doing well when you are not. So money is a useful way to keep scores. But if I suddenly had a million buck tomorrow, there is nothing in particular that I want to buy.

QuoteOriginally posted by: capafan2QuoteOriginally posted by: quantmehQuoteOriginally posted by: capafan2 And if you don't you still enjoyed your life.you won't enjoy your life you don't make a lot of money"One's GF or wife must be such that everyone should get envious when they look at her".Why ??

QuoteWhy ??Self-esteem issues I guess. What I have is worthy only when everyone is envious of me!! In the 30's and 40's people have the same attitude with respect to career and money. The need for being envied never quite dies. It just changes form and shape. All the status games people play spring from the same need. Nothing demonstrates this better than Facebook. Most posting one FB are all about wearing a sweatshirt that say "My life rocks" in the front and "Yours doesn't" at the back.

QuoteOriginally posted by: capafan2QuoteOriginally posted by: quantmehyou have a better chance of making a lot of money in IT than in pretty much any other fieldVery true! You might not have a lot of status to go with it today but absolutely true. Besides status is a very flaky thing. It changes posts every few years. When I came to the USA more than a decade back, coming too USA was a qualification in the Matrimonial space. Today girls in India refuse to consider you if you have an H1b. I married my GF from India so I have not experienced it but I have heard so many amusing stories. The protagonists in the stories are not amused though.Likewise Quant was cool 4 years back but not so cool any more. Same with finance. Tomorrow something else will be uber cool and the circle of life will go on. Reminds me of the song "Turn Turn Turn" from Forrest Gump. Which is why it is important to align oneself with what one is good at as DC suggests all the time and all these young turds are like "Yeah yeah I get it but can I become a FO Quant"!! Not only will you like it more, it maximizes your chance of making a lot of money. And if you don't you still enjoyed your life.Pretty sure that IT will never be cool. ever.And money? in IT? Seriously?

QuoteOriginally posted by: DDUKONQuoteOriginally posted by: capafan2QuoteOriginally posted by: quantmehQuoteOriginally posted by: capafan2 And if you don't you still enjoyed your life.you won't enjoy your life you don't make a lot of money"One's GF or wife must be such that everyone should get envious when they look at her".Why ??Nah, that's bullshit. I would be happy to marry an 8 or 9 if she had awesome character.

QuoteOriginally posted by: CrashedMintAnd money? in IT? Seriously?instagram? facebook? google? oracle?there's a ton of IT multimillionaires per one lucky quant making a million.

QuoteOriginally posted by: capafan2"Lot of money" is very relative. not at all. as long as you count money in dollars, not in some fictitious currency like "respect, satisfaction, enough..."10 million net worth is a lot of money. hit it.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: capafan2"Lot of money" is very relative. not at all. as long as you count money in dollars, not in some fictitious currency like "respect, satisfaction, enough..."10 million net worth is a lot of money. hit it.And what if you don't? You deserve to be miserable? And what if you choose not to? Don't get me wrong, it is a terrific goal to have to be financially independent and I think you can do it with 5 Million (relative?). But chances are good you will not achieve it just like a lot of talented sportsmen fall by the wayside. Besides I know folks who worked for the Federal Govt you retired after 30 years and who will have a lifetime of medical insurance at cheap rates and a healthy pension. One person I know like that truly enjoys his life like no one in Finance I knew did. You do what you like with your life, my point is no one gets to tell another what is better for them based on their preferences. This is a classic finance problem though. It is like people accept the life of rank driven humiliation for the hope of making a lot of money and love to sit in judgement over other people who simply choose another path.

QuoteOriginally posted by: capafan2And what if you don't? it's a necessary (but not sufficient) condition for feeling good. if you have no money you'll be miserable. btw, you can't make it a goal of your life either that will lead you nowhere