After Investment Banking
I'm still an undergrad, but I've heard stories that a lot of bankers have been leaving their investment banking roles after their 2 year analyst course to go on to hedge fund, private equity and so on. I am just curious to as why more and more people are doing this and what is the most elite job one can get after investment banking?
Also this is not an essential question but could someone describe to me the main differences to industry jobs mentioned on the forums drop down menu please?
Its called google
If we wanted to use google why would we sign up for a finance forum ya ass hat
To ask questions you can't easily answer with Google. This is not one.
Google is fake news bruh
Exit Opps to F500 from ibanking (Originally Posted: 03/02/2011)
If i do I-Banking at a BB (like Goldman or JPM) and quit after my analyst years and go to a F500 ( for example Nationwide, or Cardinal health), what level would they place me at? Or would it be better to work at a F500 after college instead of going to Ibanking? Also is it better being an analyst at a PE firm or moving on to F500's and being upper management? idk.
Thanks a lot for all answers in advance! :D
what are you exactly looking to do? corp dev?
Thank you for your interest in exit opportunities. If you haul ass in your analyst stint management will promote you to an associate. Duke it out until you are in your late 20s and you could easily make VP. To do F500 out of college takes balls and shows you are not wet behind the ears. I will smile upon you as I take your position at the BB. What I'm trying to say is the grass is always greener. For example, I'm in CF and I see no room for advancement and want out. Yet I hear the same thing from everyone in every profession. You never really know until you try.
Just wondering, how did you land a job in CF with a 3.0gpa from non-target? Do you mind sharing your background?
IDK either. Blastoise or Charizard? I wish we could plan out your life for you.
after ibanking and going to corp dev at a large company, you'd come in as a senior financial analyst or something like that. get paid $70k a year with minimal bonus. sure you'd work 40 hrs a week, but can you really take deep of a pay cut?
What do you define as a large company? Moving to corp dev from banking you will take a pay cut but still be making 6 figures.
I see and so u guys suggest working longer at an I-bank? Or getting an MBA then going off until I got VP level. At nationwide's HQ in columbus ohio ( where I live) there are currently no IBankers, all college guys went corp finance right after college. I thought they would be like wow and make me VP of the investments department or something there but lol but i guess i better dream on huh? lol
P.S. Corp dev is prolly what i would most likely be doing but Nationwide has 3 sectors ( insurance, finance/banking, and real estate) ( size is listed in that order. There finance sector is about 40% of the company and i thought i could be a VP or something coming from a BB ( and they dont have any Ibankers).
Thanks for all response again.
btw guys plz correct any of my misunderstandings
^There are too many.
thanks for being constructive ........
and btw fyi ........... I am a high schooler........ so plz forgive :D
Also yes It most likley would be cor dev...... Or since nationwide has a bank aspect to it too which is 40% of the company. I could on work on investments etc. , and i thought from a BB i could easily get a VP or AVP positions at an FInance division, like is said corp dev is also an option. which do yall recomend? which is more lucrative? pays the 200k salary etc. again i am on this forum asking for help so plz dont hate. :D
Thanks again guys!!
I have a moral objection to providing this sort of advice to high schoolers... I feel like at your age, getting the most out of life and youth ought to be number 1.
This question aside, how much do you really make as an ex-ibd analyst in corp dev at a start-up or top F500? Is it slightly over $100k or actually less than 6 figures?
Well sir the thing is that I am trying to learn about the options in my future............. and second I play basketball and cone home........ and I take 6 AP classes so I just work and idc these 6 years if I work hard then ill have no worries the rest of my 70 so ..... don't think any less of me think of me as a junior in college. :)
Bro, if there is one thing I know...is that with that attitude you'll never have "no worries". There will always be another goal...
However, I don't think there is anything wrong with trying to get more info on future careers. It's better to be prepared. But like what others have said, you still gotta live your life to the fullest.
Play some more basketball, and figure out what you want in life. Your interests might change by the time you graduate from college.
If you use the search there was a very good thread back around christmas (I think) where a harvard grad discussed his experience doing corp dev at a large tech company in california. I know I really enjoyed the thread and his insights into corporate development were great. If I recall, the poster went straight into corp dev straight out of undergrad and when taking into account his stock options/deferred comp, was making about 120K per year. If you can find the thread you can correct any of my details, but regardless I highly suggest reading it.
Just because you did 2 years in IB doesn't mean you can just waltz in and be promoted to Director of Finance in Corp Dev. To everyone there you will just be some 24 year old kid who is too stuck up for their own good. You get jobs through networking. Now if through your work at the investment bank or through your alumni network you know a high up in corp dev who is looking for another member to the team that is a different story.
Seriously though, you are a senior in high school trying to plan out your exit ops from a position you don't even have. Additionally your cumulative GPA so far is 0. I would concentrate on keeping your GPA up in college and enjoying your senior year of high school.
I slept through my high school classes, rarely studied and got a 3.9. Come to college, its a different story. And with a 3.2 highschool GPA and 1250 SAT score it will be tough. That puts you a little above average at OSU (maybe like 55-65% range). Coming from there you should really aim for Fisher Futures and I'm not sure if you've looked at those kids stats but they're grades are pretty strong (like 8/12 have a 3.9).
So here is your game plan: - Keep networking a bit, get in touch with some people in the area. Maybe get a PWM internship, boutique ib/pe grunt work over the summer as a summer job. Don't be crazy and think you will work 80 hour weeks. These bankers are going to think there is something seriously wrong if you would rather work 80 hours a week your senior summer than go hang out with your friends who are leaving for school. -Enjoy the rest of your senior year, ask a cute girl to prom, bring her home afterwards (use your imagination). -Go into college driven and ready to work, get a solid gpa try to keep at least a 3.7. Network with OSU alumni but dont come off as some creepy kid who is in love with ib and posting on message boards since he was 15 trying to get a job there. Be a real person who is passionate and just looking to learn. -Get a boutique bank, PWM, or corp finance internship freshman year -Then you can come back and start asking questions about positions for sophomore year
Not trying to be mean, just real. These questions from a senior in high school are just getting annoying.
haha btw about that gpa thing it was unweighted..... i have a 4.1 weight with all my IB/AP classes. Also about the Fisher futures I have networked with the advisor and we are going to start training on financial modeling( first high schooler to contact him). another thing is that Stonehenge partnershttp://www.stonehengepartners.com/aboutus.php is letting me shadow/intern with them. ( they call it internship, but it is really just me watching and learning like a shadow)
and btw sir if you recall the first Wall Street movie when Budd calls Gekko 52 times 52 days in a row for an internship, he had guts, and this boated him well. This might be a bad example but this stands true for everything I am trying now because I am interested in this field. Btw for all i know you went to some shitty school and took all regular classes. On average I have about 5 hours of homework ( IB diploma).
And I am sorry if I offend you, but let me tell you something if i am networking now, and looking for internships now, and starting to learn about the industry now, then I believe that I am ahead of 99% of my class. And most of them come home watch TV drink/ party and sleep( which is fun unless you do it every night). So honestly what I find annoying is when you think that I am doing something wrong by posting my thoughts and questions up here :D
Also when I apply for the fisher futures and they see i interned with a PE firm as a high schooler compared with everybody else I think they should appreciate me more...... but i guess you like sleeping through classes no? No offense.
This kid is such a herb. Go find some friends to get hammered with and learn about social dynamics from experience.
If we went to high school together, I'd be giving you a swirly right now.
wow....where is the love? you guys saying you don't think it's cool to be looking 6 years down the road at 17? Well let me tell you about another not cool guy.....his name is Aleksey Vayner
God you sound like a twat.
haha again srry if i offended the minds of Wall Street. And actually I have a girlfriend. here is my day: School Basketball Dinner with friends or gf come home at like 6PM or 7PM then do hwk till like 1AM-2AM Then get up for school at like 6AM .......
And just cause I am a motivated, smart kid...doesnt mean I am not Mr. popular lol I just dont have time to play video games and jack off :D ( i am guessing all ibankers are the sports type and are also all smart :D)
I know not the best but I feel like I have fun,,,, but no to the extent of doing illegal things. So honestly guys, you think I am ruining my life planning my future at OSU's fisher futures, then IBD at any BB ( 2 went to goldman he told me), then maybe working at a Corp Dev for F50 and then becoming CFO for a division, and or the F50 company? Do i need to go to a mental hospital? ( i mean this are the scheme of things of course ill be clubbing and having fun in the process, but I have some problem where I need to plan my life out before so i feel motivated to work......) Haha if you do think I need to go to a mental home please advise.................and the person who said they would give me a swirly.. HAHAHAHA
From my experience playing video games and jacking off > sports most of the time. Unless if playing sports gets you laid.
But I wouldn't know anything about that, I play tennis.
This cant be real. Look at this kid's past posts. Either a retard or a troll.
haha hate some more man........... ill take all I can :D And sir I think you are the retard because I mean........... you are arguing with a high schooler :D I have already asked forgiveness for my ignorance so......... i mean if you have the time to fight with me................... Why dont you move a couple steps ahead of your pack like me............ I come with these question because I need help, and want to learn about this industry from the horses mouth, but you can't look past the fact that I am a high schooler and there is nothing I can do except feel bad for you... :D
From Collegeconfidential: http://talk.collegeconfidential.com/university-michigan-ann-arbor/10282…
Don't tell anyone at OSU that you loved Michigan that much or you will be an outcast. If there is one thing people at OSU hate its Michigan.
-And to answer your questions, yes I have slept through college classes, gone out on weekends, and eaten pizza with my friends.
Haha I did want to go to Mich, but honestly (since my mom works at OSU) since i mean we are crushing Umich in every aspect dealing with athletics......... nobody cares all my friends heard i liked umich and they are like nooooo but in a matter of a day they didnt care because ......i guess .......... people understand that Ross/UMich it IS better than Fisher and OSU pure IBanking recruiting wise, and why bring that up? Whats the point? Makes you feel better?
If you end up not getting into Michigan work your ass off during your first year at OSU and try to transfer. OSU is nowhere near a target for investment banking. And Ross is MILES ahead for ANY kind of business related occupation that you might become interested in. To be honest OSU isn't that good of a school for anything. This is just the truth.
Good luck at OSU or Michigan if you get in off of the deferred list. I hope everything works out and you enjoy your PE shadowing over the summer. Everyone is just saying to enjoy the rest of high school at least. Even at OSU you don't have to be some super IB finance nut from the age of 12 to get a job in NYC. You're obviously on the right track and keep up the good work but focus on where you are now, not worrying about exit ops to Fortune 500 from an investment banking position in NYC that you won't have for another 7 years.
In your networking ask the people you are talking to how they ended up where they are now. Did they plan it that way? No. Nothing ever works out exactly as you plan it, so you're just going to stress yourself out trying to plan things 6 years in advance when its not worth worrying over yet. Just focus on doing well in school and getting relevant experience. Hope that clears things up. Not trying to insult you so ease up there killer.
Haha Thanks a lot man........ and I understand your point about enjoying life, and staying in the present i guess that has always been one of my weaknesses just thinking about the future, I guess I just see my friends whom are so rich and gloat at school and shizz and I always dream that I could throw that money at their faces...haha. You seem to know a lot about OSU you have some contacts there?
And its my duty to learn something new everyday and I figure Ibankers like yourself are the best teachers..... not my books. But I hear that a lot about staying in the present which I do agree upon. Thanks again and I also hope you sir are having fun at your analyst program at your BB bank :D
Thanks again!!
haha man no worries i also play tennis.... its fun and basketball kinda helps my "popular image" i guess but it doesnt matter i mean i dont play sports to get laid, I work and its fun like the comp, but the getting laid part is the bonus :D
http://fisher.osu.edu/offices/career-management/student-resources/under…
OSU is better than what some people think, 2 people this year went to Goldman IBD 10 to other BB's 10 are selected out of 30 that tried..... so I mean 30% of Ross goes to BBs and .5% of fisher, but only 30% of the people that apply to Ross frosh year get in. So honestly I think they are about the same.
Source= OSU Fisher Future advisor.
I'm not trying to bash OSU, but they are not the same. Tell that to anybody on Wall Street and you will get laughed at. And much more than 30% of people who apply to Ross get in these days. Trust me on this. You should do all you can to transfer to Ross (or even University of Michigan in general). Losing football games might suck but it won't be important once you realize your school's big 10 titles won't get you an interview at an investment bank.
If you don't have what it takes to get into Ross after freshman year, then you probably don't have what it takes to get BB ibd jobs anyway, without networking your ass off.
I understand that mate but not al of us have parents that are rich....... i got in full at OSU and i prolly would have to pay 50k a year at U mich .... unless you are willing to pay for me :D And i understand that OSU isnt at par with U mich but for the money I think even if i get into U mich OSU = win............And btw Chilldude u arent even in the field soo....... your statements have no validation and its how you do in college not which one u go to. not everybody at harvard goes to Goldman IBD,,, but 2 from OSU are going there...... but thanks anyways for the attempt
Plus choosing a college just for a chance to get into IBD is sorta stupid. I agree, it's not worth 200k in debt. Perhaps you could find some other schools with more generous aid packages. Also about this Fisher Futures, are you sure you're going to get in?
No need for personal swipes. I am just trying to give you the best advice. And you are right I am not currently in finance but I have gone through recruiting and have locked up an IBD position on Wall Street for the summer. Furthermore, I have networked with an incredible amount of people (in the hundreds) to realize that some schools are just not that well represented (OSU being one of them), if represented at all. If you are comfortable with your OSU decision then congrats and good luck with your school life. However, if you find a way to make a transfer to UMich work both academically and financially, you should 100% do it.
and at Cardinal which is a F20 ( HQ is in my backyard) i have talked to the director and if you go to Corporate Dev. U go as a Senior analyst = 150k then next step is manage = 200k then manager= 250k sr manager = 350k etc until VP which is like 800k then the C levels make about 2-3mil of the division...... and I hear that most peps from corp dev manager/sr manager levels leave that division and become CEO, CFO of another divison in the company. So idk If time warner is as big or not but analyst (Sr. Analysts) make about 100k at Cardinal.
Well i mean I have networked with the advisor and he does the interviews. So when 25 peps are interviewing he will already know a lot about me( since I have worked with him since high school, and the others have just met him for the first time) and my ambition for the career........but that said I dont have a 100% chance, but I do have a decent shot. If i manage to pull 3.5+, have leadership role in 3 clubs, do internships frosh and soft year, continue to train with the advisor, and show my passion in the interview I do think I am golden. Because only 30 tryout and they select 10 so it isnt too hard. If i do get in there then I can get in any BB cuz they some to OSU for interviewing, and lots of OSU guys go to JPM, and Merryl for either IBD or equity research. then 2 or so go to Goldman, and 2 go to Barclays, so I mean either one of those , I am set. What other schools u suggest even though its too late? and thanks for your response
I see, well thanks man I understand.....and congratz on your IBD internship I hope you the very best too:D. You are almost done with your journey of college and are going to the big league of finance, honestly I only hope to be in your postion :D Thanks !!! Actually this year 2 of my BFFS got transfered to regional campus and they both had 30's but gpa=3.4 which shot them. So feel lucky too but I can only hope for prefered Ross admit, or NYU Stern, but like I said I never really cared too much about bookwork, I liked action. From B-ball to starting my own business club, so I dont think I have a shot at those schools but I really love numbers so I think I should be able to do really well in Finance in college. And with my IB diploma program in school it gets me ready for the long hours. But again KMD congrats ill say it again I wish to be in your postion soon :D thanks
lets bring this kid back to this same post 6 years from now. and show him how big of a........
Not sure where you are getting your facts and figures from for OSU. Maybe its like the Penn State guys, they go there and if anyone makes a slight comment about it they get extremely defensive.
I just checked my BB's list of incoming analysts and no one went to OSU.
well I have spoken to the guy and a couple went to Barclays this year, and for this junior class I have been talking to, 2 went to Goldman for internships, and 1-2 for Merryl so idk maybe the advisor lied to me but 1 of those Goldmen guys is a very good friend of mine so idk (maybe you are right)........and oldmansacks idk if you think yur the shit by trying to bring down a high schooler, but fyi according to your info I dont know what college u are in or if u are in banking at all............so i mean next time keep the constructive help to yourself......... for all I know you could be some hopeless 30 year trying to act like somebody he is not.........atleast I am being honest (even if I am wrong).
If you read his post, he works at a BB, so at the very least you can say he has a job. I don't think he's trying to bring down your school, he's just stating some facts. And just because there aren't any OSU grads working at his BB, doesn't mean that they aren't OSU grads working at other BBs. He's just giving you some perspective. Hopefully this makes you hungry enough to prove yourself and get a job. This forum's got a fair amount of people who got FO BB jobs coming from a non-target.
Whats up with all the periods?
"Survive 2 years as an ibanking analyst and you can do anything you want afterwards" (Originally Posted: 04/27/2013)
Does this saying only apply if you get into Goldman, JPM, Morgan Stanley, etc.? Or does it apply to the middle market banks as well?
just the term IB can earn respect from some people. On the other hand, many people will view IB as counter productive.
Many MM banking groups just pitch and give their deal work to a specific team like M&A (which is why M&A is considered one of the better groups). So yes it is the case that some MMs will lead you nowhere as all you did was create faux analyses in your pitches.
It's a great place to start if you want to stay in finance, go to B school, move into something related (consulting), but it all depends. Obviously brand matters, GS is more prestigious than Piper Jaffray and outside of finance most people won't know who the latter is.
shit doesn't apply anywhere
I hope that one day, people around me get pissed when I say where I work. Hippie tears fuel my fire.
Is that a good answer to, "Why banking?"
I'd hire you.
It simply depends on what you want to do.
So no, 2 years in investment banking does not let you do anything you want.
That being said, surviving two years of investment banking helps you endure almost anything you want to do.
This. Big distinction between "doing anything you want" and "endure anything you want."
Okay, so I guess "do anything you want" is an exaggeration, but how many other opportunities open for you if you survive 2 years as an ibanking analyst?
If you survive 2 years, you're easily secured a transition into anywhere lower in Finance e.g. Corporate Finance, Treasury functions and possibly Corporate Development within companies.
If you decide that Finance is not your thing, then I'd say you've wasted your time other than the fact that you have increased your threshold for pain tolerance.
What kind of investment banking are you talking about? What group, focus etc are you looking at? An "investment banking analyst" title is too general to gauge the upward mobility after 2 years.
What percentage of IBD analysts become Associates or go to PE after two/three years? (Originally Posted: 01/06/2017)
I know that it is very competitive for an IBD analyst to become associate or go to a PE firm where they work less and learn more. Approximately what percentage of the IBD analysts follow either path? What happens to the other analysts?
One (fairly meaningless) data point for my group's class: ~70% went to PE, 10% to VC, 20% still in IB but at other banks. There's some mushiness in the numbers because I know other guys in my group did corp dev/HF/something totally different but they weren't in my class.
Repost:
Vettery (covers 1400 IBD analysts that started in 2012): 36% exited to PE 27.5% stay in the same group at the same bank 10.4% went to other banks 9.3% exited to HF 5.6% went to corp fin or business development 3.9% to tech startups 2.8% new group at same bank 2.2% to VC
Thanks for posting, didn't realize they did a survey.
I don't know their methodology but nearly 40% staying in IB seems high - keep in mind this is the class of '12 and most banks didn't implement policies to try and encourage junior retention until like '14. Could be that they are including groups with more long term potential like ECM though. Also 2% going to VC seems very low, especially given 4% went to startups. I could definitely be biased though.
Best Post-IB Corp. Dev Opportunities (Originally Posted: 05/17/2013)
Currently in the middle of an analyst stint at a top boutique. Currently leaning more toward the Corp. Dev side as opposed to PE in terms of what I'd like to do next. Not too many of my peers have chosen this route, so I'm less informed. I'm aware of Disney and maybe one or two others, but that's mostly it.
What are 10 or so of the best corp. development opportunities that are both:
1) Receptive towards those coming off of IB analyst stints. 2) Looked upon favorable by MBA admissions committees.
start off by looking at f500 co's and work your way down
big 4 are always a strong option
For HC, Pfizer if very competitive. Pepsi also has a strong Corp Dev presence that mixes elements of M&A and Corp Strategy. Other than that, many of the F500 tech companies are highly regarded/well-paying
Defense has some great Corp Dev. Northrop, Boeing, Lockheed
IBD exit opps after 6 months- 1 year (Originally Posted: 09/07/2014)
I'm in a bb coverage role in NYC and I am very unhappy in banking. I just started but I know it is something I do not want to do.
What are some exit opps after 6 months-1 year? Interested in s&t and other opportunities. Just not ibd.
i know a handful of hf guys who left before 1 year mark.
really? will headhunters be receptive even if you've only been in ibd for ~ 6 months. i work at a boutique so i haven't really been contacted by any recruiters yet...
Out of interest, how keen were you on banking before you started the job? What were a few of the top reasons that have turned you off it? How long did it take for you to work out this is not for you?
I'm interested to contrast pre-job enthusiasm (cf all the college age kids who post about how they are sure banking is for them) to in-the-job disenchantment.
Going into Business after few years IB? (Originally Posted: 09/17/2011)
Hi, I'm posting this in the Bullpen seeing as it tends to have more readers, hope you don't mind.
Well I have an idea, two ideas actually. One is just a quick flip to make some money. It's basically an internet venture. I don't know whether it will work out or not, but one thing is for sure, it's not a viable business (Sure might be viable for about 5, maybe 7 years, but I don't see it becoming a 20 year thing). If it is successful enough for me to sell it and be acquired, needless to say I won't need to go into IB (At least not as an Analyst). I'm starting it while I'm at college, by the way, so I'll still have time to know whether or not it will be profitable or whether to shut down and IB it out (Please no Facebook references lol)
The second idea I have is a very viable business and I see it standing strong the rest of my life, with proper management. But I am also still very interested in Finance. So my question is, will doing 2-3 years as an Analyst at a BB, and then business school (Maybe Harvard) help me make good enough connections? Are there any advantages in the business world, as an Entrepreneur of course, when you have a GS or MS on your resume?
All answers are greatly appreciated. Thank you
Whats your first idea for a business, a group buying website?
Yeah, that's basically it. the site is a pretty good idea, but I don't see it being that viable. Maybe just a cool tool for like 4 or 5 years before it goes the way of Myspace. So I will be looking to nurture it and sell it to a larger company that can manage it better maybe
PM me, I just got out of one, the industry has hit a tipping point in my opinion but i'd love to speak with you about this further in private
Are you starting in IB soon?
No, I'm thinking long term. I have the academic stats and can maintain the academic stats for IB, and I'm a Computer Science major. No, I'm not socially awkward
You realize it won't be that cut and dry, right?
I know, I'm just being hypothetical. Say I get into a GS or MS, as an analyst or associate, how does that help me later on as a business man
You want us to predict/forecast your personal entrepreneurial ability, based on a set of highly fictional assumptions and two ideas that you personally think are "good"? Why don't you get a GS/MS offer first or get accepted into HBS, and then come here with your dilemmas.
Actually I'm asking you to tell me what weight a stint at GS or MS has on a Businessman in the world. Thought I made that pretty clear
Just try to get a job man, what a silly question that I'm sure you could answer yourself if you think you're so smart that getting into GS or MS IBD is so easy
Hire people to run your businesses while you do an analyst stint. You can be hands on again in B-school and afterwards.
Finally, a reasonable answer. Thank you. I want to be hands on in the business. No point in going into IB if I have a semi-successful or growing business is there
What's is wrong with you people? Does no one know how to read anymore? HYPOTHETICAL! In a hypothetical scenario, how much bearing does GS/MS have in the business world. If you can't answer it then don't answer it, if you can then do. I am not assuming it's easy to get an IB job, neither am I assuming I will be successful with my ventures, and I never gave that impression. The Question is a simple one, how much weight does a stint in a BB have when you go on to entrepreneurship. What areas does it help, connections? raising money? etc
Dude, you do realize there are lots of people who work at JPM, Barcap, BAML, CS, etc on this forum right?
You own hypothetical situation sound like you are only good for GS and MS. just saying.
And what makes you think you will get GS/MS easily hypothetically?
You sound like a douche
Huge understatement.
Yes because you guys are the obviously epitome of non-douchey nature.
I'm a sweetheart.
Yet none of you seem to be able to answer my bloody question and instead focus on a hypothetical statement that is central to the question.
It doesn't sound like anything. It is a question, which I will ask again, for the millionth time, what weight does a stint at a BB firm hold in the business world, particularly for someone just starting out. I am aware I don't need this, I just want to know if it will help me in any way, simple as
Nothing makes me think anything, which is why it's a hypothetical question and not one of prediction. You people need to get your heads out of your asses. When people come on here they come to get information on things not to be questioned about minute aspects of the question by people who seem not to be able to fully comprehend English
What do you mean "you people"??!
-Tyrone
Racist, racist!!! You're not getting into GS/MS if youre racist dude, they love diversity.
lawlzzz, i jus realized why i;m addicted to this site, cuz its a F$#%#ing peanut gallery
1) It is unclear what you're looking for when you ask "will being an analyst and going to Harvard make you good enough connections." What are you looking to make connections for? Are you looking for business partners for your ventures? Future suppliers for your product? Introductions to prospective customers? Sure, you'll make a ton of connections at Harvard, but almost all of them are going to be 20-something year olds looking to get started in consulting or finance and will not have decision making ability at the companies they end up at. As a BB banking analyst, you'll maybe be introduced to some very high-flying people, but just because you sat in a room with them a few times doesn't mean they are going to help you with whatever it is you're looking for help on.
2) Depends on the business you're in, but having GS/MS on your resume typically means squat in "industry." The only people who really care about GS/MS are finance folks. Outside of the individuals that work in or interact directly with bankers, people generally won't even know what it is that you did at GS/MS. Furthermore, as an Entrepreneur, how are you going to leverage the GS/MS name -- hang your resume on your front door? The reality is that most people you'd be interacting with won't know or even care where you came from, only what you can do for them. The prestige of your former employers will play little to no role in your success as an entrepreneur.
The question that you SHOULD be asking is "will the skills I obtain as an investment banking analyst and a business school student give me the tools I need to operate a successful business?" The answer to THAT question is yes. While analyst work is not glamorous, you develop a lot of fundamental business, organizational, and communication skills that young professionals often aren't able to learn as an undergrad. Business school further develops these skills, particularly in the areas of verbal communication and critical thinking.
So, for these reasons, consider calling up Goldman Sachs and Harvard and letting them know that you're ready.
I just read another thread (yes I was stalking you) where you admitted that you aren't even in college yet.
I didn't realize that when you were talking about Harvard, you were talking about undergrad... But seriously dude, you are WAY too far ahead of yourself. While it is good to have a plan, you are comparing two hypothetical scenarios that are both multiple years away. I think you'll find that life never goes the way you expect it to and that you have to be prepared to seize opportunity when it arises, even if it deviates from your plan.Cleric, looks like he needs to be sent to the Palace of Justice for processing. You clean, I'll sweep.
Thank you so much for your answer. That's exactly what I was looking for, an answer. And I believe it can't be wasting the other two posters' time if they have time to post sarcastic, irrelevant posts to the question.
I wasn't talking about Harvard undergrad btw, I was talking about Business school, if I go to business school. I have been accepted into Columbia GS, though I am still within the appropriate college age.
Those are just rough estimates of how I want things to go, I have no delusion that it will go exactly as planned, but I'd rather have a plan than just coast through life, you get what I'm saying?
Thank you for your replay, it was greatly appreciated
After doing iB out of undergrad (Originally Posted: 04/07/2012)
After doing 2-3 years in iB out of undergrad, what do most people do?
If you are willing to take on a pay that will be much lower than that of which you were earning in IB, is it easy to find a job that will afford you a much less demanding work schedule (say 40-50 hour weeks?). Which finance-related jobs will provide this better post IB lifestyle and, taking into account the IB experience, will they be easy/hard to get hired?
F100 corporate development. Best pay with the best hours.
There are opportunities on the buyside. Not necessarily at big name firms but there are plenty of hedge funds you could work for with good hours, decent pay, and some reasonable vacation time as well.
Any other opinions?
Private Wealth Management, Corporate Strategy.
A lot of people I know who especially were in S&T (and mostly in Sales) go into private client later (PWM/Private banking). They have connections, they essentially become retail investment advisers for ultra-high net worth clients, they make a bundle, and they have great hours.
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