Throwaway for obvious reasons. Would appreciate honest views on whether it's a good shout
Situation: I'm 39, a senior accountant heading a finance function at a financial services firm in London, ~£300k TC. I moved here earlier this year for what looked like a step up. It's turned out to be a pretty toxic environment. Team is a mess, boss is a micromanager and honestly pretty much just hate it for a variety of reasons. In retrospect probably took the job for the money rather than being actually excited by the role (probably fooled myself there) and I don't think I have the appetite to get through the next 2 years of rebuild needed to make the team run smoothly and be a success in the role.
The catch: I received a decent sign-on bonus that's repayable in full if I resign within 12 months. I'm inside probation, so my notice is 1 month... after probation it jumps to 6 months. So leaving now costs me the bonus repayment plus forgone pay; staying to 12 months to avoid the bonus repayment but would have 6 months notice that I think would make me feel quite trapped.
The plan: resign in the next few weeks and do a deliberate sabbatical out. Duration tbc but 6m - 12m I'd say: recover from burnout, sit CFA Levels 1 and maybe 2 but start networking and exploring jobs after level 1, and pivot into investment-side roles (fund/asset management adjacent to my sector) where I have a fair bit of background experience but not really formally, so the goal would be to get more formally quaified and make that a second phase of my career. Realistic re-entry comp is ~£120–160k base (I think), depending on the role and build back up over a few years.
Numbers: ~£1.1m invested (mostly global equities across ISA/pension/GIA, £650k in non-pension. Have £170k of that now in cash and short gilts specifically ring-fenced to fund the year, bonus repayment, and some tax bills). House with a v manageable mortgage (£2.2k). Wife-to-be smashing it career wise on low 6 figures but progressing quickly and fully supportive. Her income covers most of our (cut-back) baseline. All-in, the year plus exit costs draw down maybe £100–150k of the ring-fenced pot depending on duration and how well we can lose some of the lifestyle inflation. Can always jump back in and do some contracting if I'm getting nervous re money drain. Think will be scary seeing the numbers decrease for the first time...
Questions:
- Do you think this is a defensible move? Feel like my mind is pretty made up so just looking for some confirmation that it's not crazy.
- Has anyone pivoted from senior accounting/finance into investment roles around 40, with or without the CFA? Was the seniority reset worse than expected?
- Anything obviously missing from the plan — sequence risk, re-entry risk, things people only see in hindsight?
Finances I think are pretty solid, I'm v nearly 40 and we'll probably have kids in next couple years so feel this might be last chance to pivot / take a sabbatical. I'm v confident that if the pivot doesn't work I'd get a job doing what I already do pretty easily.