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What do you do if you're experiencing burnout in the financial services industry?

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Burnout is a state of physical, mental and emotional exhaustion caused by chronic stress at work. It can affect anyone, but it is especially common in the financial services industry, where professionals face high demands, tight deadlines, long hours, and constant pressure. If you are feeling burned out, you may experience symptoms such as fatigue, insomnia, irritability, cynicism, reduced performance, and loss of motivation. Burnout can also harm your health, relationships, and well-being. Fortunately, there are some steps you can take to cope with burnout and regain your balance.

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Nicole Winter

CEO/Founder of Burnout-ology, a corporate consulting business dedicated to helping employers manage employee burnout.

1 Recognize the signs

The first step to deal with burnout is to acknowledge that you have a problem and that you need to make some changes. Don't ignore the warning signs or hope that they will go away on their own. Instead, be honest with yourself and assess how you are feeling and functioning at work and in your personal life. You can use self-assessment tools, such as the Maslach Burnout Inventory or the Copenhagen Burnout Inventory, to measure your level of burnout and identify the areas that need improvement.

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Nicole Winter

CEO/Founder of Burnout-ology, a corporate consulting business dedicated to helping employers manage employee burnout.
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The language in this saying “acknowledging you have a problem” feels very limiting and shaming. I would like to challenge anyone reading this to reframe that. Burnout isn’t actually a “problem”, it’s our beautiful biology keeping us alive! Signs can range to irritability, low motivation, to hair falling out! And other serious life threatening conditions. It doesn’t mean we are broken, it means we need interventions to complete our stress cycles.

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2 Reduce the stressors

The next step is to identify and address the sources of stress that are contributing to your burnout. These may include unrealistic expectations, excessive workload, lack of control, poor communication, conflicting values, or insufficient support. You can try to reduce the stressors by setting boundaries, prioritizing tasks, delegating responsibilities, saying no, asking for help, or negotiating for more flexibility or resources. You can also seek feedback, recognition, or mentoring from your manager, colleagues, or peers to enhance your sense of accomplishment and belonging.

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Nicole Winter

CEO/Founder of Burnout-ology, a corporate consulting business dedicated to helping employers manage employee burnout.
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Using the phrase “I don’t have the bandwidth for that” is a great way to set boundaries. It’s a continued practice to have the self awareness to listen to our body and realize when we are at our max bandwidth, and the key is being able to communicate and leave room for the “unexpected” instead of always pushing ourselves to the max. It’s difficult to do! This is where coaching is helpful!

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3 Restore your energy

Another step is to replenish your physical, mental and emotional energy by taking care of yourself and engaging in activities that make you happy and fulfilled. You can restore your energy by getting enough sleep, eating well, exercising regularly, meditating, relaxing, or pursuing a hobby. You can also reconnect with your purpose and passion by reminding yourself why you chose your career, what you enjoy about it, and how you make a difference. You can also explore new opportunities for learning, growth, or creativity within or outside your field.

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Nicole Winter

CEO/Founder of Burnout-ology, a corporate consulting business dedicated to helping employers manage employee burnout.
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We all know we need “self care” but not everyone responds the same way to the traditionally recommended interventions. For example, if you already have more alpha brain waves, mediation will actually make anxiety worse! Time away from our constant stress (meaning actually unplugging and being away from any of our electronic devices) once a week is the best thing you can do for your nervous system! It’s more about letting your body complete the “stress cycle”. See my website burnout-ology.com or Emily Nagoski’s book Burnout!

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4 Seek professional help

Sometimes, burnout can be so severe that it requires professional intervention. If you are experiencing symptoms of depression, anxiety, substance abuse, or suicidal thoughts, you should seek help from a qualified mental health provider as soon as possible. You may benefit from counseling, medication, or other forms of treatment that can help you cope with your emotions, overcome negative thoughts, and develop coping skills. You may also consider joining a support group or a coaching program that can provide you with guidance, encouragement, and accountability.

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5 Consider a career change

Finally, if you feel that your burnout is not manageable or reversible, you may want to consider a career change. This is a major decision that should not be taken lightly, but it may be the best option for your health and happiness. You may want to explore other roles, industries, or sectors that align with your values, interests, and strengths. You may also want to assess your skills, qualifications, and goals, and seek advice from a career counselor, a mentor, or a network. A career change can be challenging, but it can also be rewarding and fulfilling.

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Nicole Winter

CEO/Founder of Burnout-ology, a corporate consulting business dedicated to helping employers manage employee burnout.
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In my experience, my career wasn’t the problem. I’ve had a career as a corporate chemist, non profit outreach director, horse back riding instructor, tech recruiter for a FAANG company, and I burnt out in every single one! There are unsafe and toxic work environments, but for me, it was the lack of tools and education that had me feeling hopeless about 5 months into every career ??

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if you're experiencing burnout in the financial services industry?

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1 Recognize the signs

2 Reduce the stressors

3 Restore your energy

4 Seek professional help

5 Consider a career change

6 Here’s what else to consider

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