Discussion in 'Business, Careers & Education' started by jslade, Mar 9, 2012.
i think you should add a disclosure so it's clear that salary is not across the board and only a privileged few (top 10 students?) are offered that type of pay from a MBA program (top 5)
No that's not correct. You're stating that about 50 students get typical IB associate offers across the country. The reality is probably 10 fold. A typical IB has an incoming class of 20 to 50 new associates a year.
i am not sure if the figures you mention are in reference to just a base salary, or to all-in compensation, but i think either way they are off (too high for base only, too low for all-in).
They include bonus. base salary would be around 100k, and bonus 50-100k.
First year bonus is a stub of 20 to 40k with no salary bump until year two. Bonuses are paid in spring.
Following year (basically after a year and a half) salary bumps up 20 - 40k and bonus is 70 - 100k.
Most bonuses are at least 25% stock that pays out over five years.
Recent and rough estimates.
So this is what happens when you get into this field for the money (or worse, prestige lol) : you're so miserable that you want to tell the world how miserable you were...
A lot of this is true (minus all the hyperbole of course) by the way. This is an awful job if you have no interest in what you're doing - because you're doing it all the time, all day long, every day of the week.
If not money why did you go into banking? No troll
ya you're trolling. You cannot think of any additional reasons to choose a career ?
I'm not saying there's no other reason. I'm asking you for what reason you went into banking
For the same reasons most people choose a career: an intersection of general interest for the job, skill matching and opportunities.
i'm reading a big report on M&A in the wine world. The deal volume is a bit more robust that I expected, though it's still far from the general consumer beverage industry's volume.
I don't know anything about it but I'd think that winery M&A must require a crazy amount of due diligence to even get to price discovery if there are large reserves. I'm sure there's a ton of social issues too.
it'd really hard to find information on some of these deals. In 2009, Vincraft acquired Kosta Browne, a relatively small but prestigious producer, for around $40 MM, but terms of the deal and how they reached their valuation weren't disclosed. Bummer.
What are the chances of being able to move into IB from Asset/Wealth Management Analyst?
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