Taking Early Exits Off Wall Street

The Wall Street Journal:

After five years in investment banking, Matt Wolf decided he’d had enough.

While the 35-year-old vice president enjoyed his close-knit team of colleagues at Morgan Stanley MS +0.91% in Manhattan, he had reached a breaking point: Too many takeout-fueled late nights, too many canceled trips with his wife and too many judgmental looks at social gatherings. His pay—still generous, but lower than he had expected before the financial crisis—was no longer worth the sacrifices.

So last month, he left. With no job lined up, his only plan is to spend the next few months coasting solo on his motorcycle from New York to South America, crashing at hostels and campsites and exploring job opportunities in the emerging markets. “You want to feel good about what you’re doing in the long run,” says Mr. Wolf, who is now seeking a more entrepreneurial career.

After the financial crisis resulted in less prestige and money, “the equation changed.”

Read the whole story: The Wall Street Journal

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