After about a year on this site I've noticed that there are very members who are Vice Presidents, Managing Directors, and Partners. As far as those in PE and other things I see a wide range of users at different positions every now and then.
Are there any current analysts/associates who plan on staying through MD and possibly higher? I've read the hours get better as you move up, so it's not like you work 80 hours the rest of your life. It's just surprising to me how few people actually want to stay.
It is not only that "few people actually want to stay" but rather that few people actually get the nod for MD, something like 8%
Understood but it even seems like the Analyst --> Associate promotion ins't even that sought after, since most people plan on leaving after 2 years. And every thread here about IB offers and groups is seen through the lens of "what are my exit ops for PE/HF/etc?". People don't even seems to want to work in IB after a year or 2.
Or maybe they're actually significantly busier than the rest of you, so they don't have time for WSO? I kid, but actually.
It's because an associate's life only gets marginally better than an analyst's (in the first couple years).
I think it's (relatively) easy for an analyst to grind hard for two years out of college. At some point, though, they may want a girlfriend / fiancee / wife, kids, or even just a life on the weekends. At the associate level, there is still almost no predictability and the hours worked are intense.
I honestly thought being an associate would be worse than an analyst - hours are almost as bad, more responsibility, and often a wife / kids / b-school bills to worry about
Also interested. Observing my MDs and CEO I would love to stick with the company to stay 62 years like my CEO. He had an amazing career and fulfilling life so I hope I would be able to do the same. Since it's a boutique the reality is much different than at a BB. People tend to stick around till they retire and even once they hit 65 they still work part time because they love their job so much. It is possible because lifestyle is more like in a PE fund or HF and people don't work 110-120 hours every week.
@Beny23
This is possibly one of the most two-sided posts I have ever read - great job if you're trolling.
What's surprising is how many people stay lol. The only appeal is that getting to the top is much easier than in pe and requires zero intellect or any other capability than just working really hard
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