Lord-Barrington
Distinguished Member
- Joined
- Sep 20, 2010
- Messages
- 2,801
- Reaction score
- 98
I've said it many times before but unless you plan on sicking with finance to the bitter end where the real money is, I don't see the point of doing a few years of IB and burning out which is what the vast majority of IB analysts end up doing. The real money in IB is at the executive levels, not at the analyst level where your pay is actually dog crap for the hours worked. 100-150K a year sounds awesome but when you're working 90-100 hours a week, 52 weeks a year it's actually pretty bad.
It's also worth noting that finance is a field where the lifestyle is always bad. Even after your hazing as an analyst is over, you become an associate working roughly similar hours just doing less grunt work. From there you become a VP, working similar hours so you can make director, and then you're travelling 4 days a week to drum up business, and it keeps going on.
You need to decide early in your career if you're going to be a slave to your work or not. Because that's when it starts.
It's also worth noting that finance is a field where the lifestyle is always bad. Even after your hazing as an analyst is over, you become an associate working roughly similar hours just doing less grunt work. From there you become a VP, working similar hours so you can make director, and then you're travelling 4 days a week to drum up business, and it keeps going on.
You need to decide early in your career if you're going to be a slave to your work or not. Because that's when it starts.
