Scott Galloway on How Painful Early Finance Roles Shape Powerful Careers

Gist
  • Scott Galloway took an investment banking job at Morgan Stanley mostly for prestige and competition, quickly realizing he hated the work and culture.
  • Despite being a poor fit and leaving after about two years, he credits the job with teaching him discipline, attention to detail, and how to perform under pressure.
  • Those skills became the foundation for his later success in entrepreneurship, strategy, and teaching, where he found a much better personal fit.
  • He urges young professionals to view early corporate roles as training grounds, experiment widely, and forgive themselves for career moves that turn out to be bad fits.
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Scott Galloway’s reflections on his stint in investment banking reveal a key tension in high‐stakes, high‐status career trajectories: prestige and compensation often mask misalignment between personal values or capabilities and the day‐to‐day realities of the role. Galloway admits he “hated investment banking”—detesting its people, structure, expectations, and the identity he felt forced to wear. He went into Morgan Stanley largely by proximity and expectation rather than calling; once he was inside, he found he lacked the soft traits needed for large corporate environments—he was insecure among senior people, felt constantly judged, and struggled in institutional frameworks. [4][3]

However, Galloway is careful not to regard that experience as wasted. Despite his dissatisfaction, he identifies several lasting benefits: exposure to intense pressure, mastering minute details, improving communication and storytelling, and learning how to perform even when unfulfilled—skills which serve well in entrepreneurship, strategy work, and education. His later ventures—founding a brand strategy firm called Profit, consulting, teaching, and public commentary—draw on those foundational competencies. [4][5][3]

At the strategic level, Galloway’s story carries important implications for career planning—especially in finance. First, the common “follow your passion” counsel can mislead people to discount jobs that build credibility or vital experience. Galloway reframes corporate or banking work not as endpoints but as training platforms. Second, early career experimentation, even in arenas you dislike, can accelerate self‐knowledge—that is, understanding what environments, people, and tasks you thrive or wither in. [4][2]

Finally, there is an emotional and psychological component: the importance of acceptance and ‘forgiving oneself’ for paths that turn out to be ill fits. Many career maps assume passion leads to satisfaction; Galloway asserts that discomfort often signals clarity—and that moving on, or sideways, is not failure but adaptation. [1][5]

Supporting Notes
  • Galloway took a job at Morgan Stanley, though he did so more out of competition (“roommate really wanted it”) than real desire—he didn’t even know what investment banking was at that point. [4]
  • He lasted two years there and says bluntly, “I was terrible at it. They didn’t like me. I didn’t like them.” [4]
  • He hated almost everything about the job: the people, the office environment, the work (such as reading prospectuses, late nights, unclear reward structure). [3]
  • Yet he notes investment banking taught him attention to detail and how to function in a large organization—even identifying, via introspection, that he was insecure and didn’t have the patience for big corporate life. [3][4]
  • His subsequent success came from entrepreneurship and strategic consulting; for instance, he founded Profit, which he later sold for $33 million. [4]
  • He counsels young professionals to try multiple roles early, assess feedback on what they’re good at, and build relationships (“kitchen cabinet”) of people who can advise and guide. [1][5]

Sources

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