Regulation

After 17 years in the banking industry, I reached the role of managing director but chose to leave; I refused to sacrifice my well-being for work in my 60s.

Updated
Nov 22, 2024 1:18 PM
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After 17 Years in the Banking Industry, I Reached the Role of Managing Director but Chose to Leave; I Refused to Sacrifice My Well-Being for Work in My 60s

Eric Sim, a seasoned banking professional with over two decades of experience, made a pivotal decision at the age of 54. Leaving his position as managing director at UBS, Sim transitioned into a new career as a professional speaker and executive coach. His story reflects not only his personal journey but also raises critical questions about work-life balance, mental health, and the evolving landscape of career satisfaction in high-pressure industries.

From Banker to Managing Director: A Career Overview

Eric Sim's journey in the banking industry spans more than 20 years, capturing various roles across finance and investment sectors. He started his career with a focus on financial analysis and client relationship management, gradually climbing the corporate ladder to achieve a prestigious role as managing director at UBS. This ascent to the upper echelons of banking is often seen as the culmination of hard work and dedication, yet for Sim, it marked a turning point rather than a destination.

During his tenure at UBS and other financial institutions, Sim was instrumental in leading teams that managed substantial portfolios and high-stakes client relationships. However, the demands of such positions are notorious for their toll on personal well-being. Long hours, relentless stress, and the pressure to meet performance metrics often overshadow personal lives in corporate environments like banking. For many professionals, reaching senior roles like managing director can sometimes feel like achieving success at the cost of personal health and happiness.

The Decision to Leave: Prioritizing Well-Being

For Eric Sim, the decision to leave his prestigious role was not taken lightly. As he approached his mid-50s, he began reflecting on what truly mattered in life. “I realized that my job was taking a significant toll on my mental health and physical well-being,” he shared in a recent interview. “I didn’t want to sacrifice my quality of life for a title or status.”

This introspection led Sim to conclude that continuing in a high-pressure role could compromise his health in the long run. He recognized that while professional achievement is commendable, personal fulfillment and well-being should take precedence—especially as one approaches retirement age. This realization is not unique to Sim; many professionals encounter similar dilemmas as they navigate their careers.

The Impact of Corporate Culture on Mental Health

Sim's experience sheds light on broader issues related to mental health in corporate culture. Many workplaces prioritize productivity over employee well-being, leading to burnout and dissatisfaction among workers. A recent survey indicated that nearly 60% of employees reported experiencing burnout at least once in their careers.

Furthermore, high-ranking positions often come with increased isolation and pressure, creating environments where seeking help or expressing vulnerability can be stigmatized. Eric’s choice to leave banking underscores the importance of addressing mental health openly within corporate structures—a conversation that is gaining momentum globally.

A New Chapter: Embracing Coaching and Speaking

After leaving UBS, Eric transitioned into a role as a professional speaker and executive coach. This new path allows him to leverage his extensive experience while promoting well-being among other professionals navigating similar challenges. “I love helping others find their voice and balance,” he explains. “It’s rewarding to give back what I’ve learned through my own experiences.”

In this capacity, Sim focuses on leadership development, resilience training, and work-life integration strategies—areas he considers crucial for fostering healthier workplace environments. His aim is not only to encourage individuals but also organizations to reevaluate their practices concerning employee welfare.

The Growing Demand for Wellness-Oriented Coaching

The trend towards wellness-oriented coaching is growing within corporate training programs. Companies are beginning to recognize that supporting employee mental health can lead to higher productivity levels and reduced turnover rates. As executives like Eric Sim share their insights gained from years in high-stress environments, organizations are adapting their cultures accordingly.

This shift also reflects broader societal changes where discussions around mental health are becoming more normalized. The emphasis on well-being has influenced various industries beyond banking; professions across sectors are increasingly prioritizing mental health resources for staff.

Future Aspirations: Advocating for Change

As Eric Sim builds his new career path, he remains committed to advocating for systemic change within corporate environments that perpetuate burnout culture. He believes it is essential for leaders not only to acknowledge mental health issues but also actively combat them by fostering supportive workplace atmospheres.

“The conversation must evolve from just acknowledging stressors to implementing practical solutions,” he states passionately. This proactive approach involves training leaders in empathy-driven management styles that prioritize people over profits.

Cultivating Balance: Lessons Learned from His Journey

Sim’s journey serves as an important reminder about the significance of balance between professional ambitions and personal health. He encourages others contemplating similar decisions not only to weigh their career goals but also consider their long-term happiness and well-being.

Ultimately, Eric Sim's transition from banking executive to life coach exemplifies a growing movement among professionals seeking more meaningful lives beyond traditional corporate metrics of success. As he inspires others through speaking engagements and coaching sessions, it becomes clear that prioritizing well-being can lead to fulfilling careers without sacrificing personal health or happiness.

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