Investment Banking vs Dentistry?
I like both fields. I've shadowed a Dentist but I haven't interned at a bank. I find it weird to ask an investment banker to shadow him/her.
The route to becoming a dentist is an expensive one if one goes to a private school compared to the route of becoming an investment banking. But if you factor in getting an MBA, then it's going to be equal if the dentist goes to a public school. Dental school is $188k for a state school and $400k for a private school while MBA at Harvard is about $200k.
Additional 4 years spent in school studying dentistry can be spent making money and living life
Dentists who are owners can make more than the average 1st to 3rd year analyst and 1st year associate but as the associates reach their 3rd year or above they can make significantly more than a dentist who owns a practice.
Lifestyle plays a role too. A dentist I know made 300k working 33 hours but he may be an outlier and not the average. While it's normal for analysts to work 100 hours.
Path to becoming an Investment Banker can be less straight forward. For dentistry, all you have to do is get a good score on the standardized exam and get a good GPA. Also, have a few extracurriculars here and there. For Investment banking, you will have to do the same, but also network. There is also no standardized exam for becoming an analyst that I know off.
These are completely different fields. It should be clear to you which one you enjoy more.
Those 4 years will not be spent on making money and living life. They will be spent on making money alone. You will have no life. The way you are approaching this is all wrong man. You need to figure out which job excites you more. Are you more interested in finance and markets in general or are you more interested in healthcare and helping patients? That's the only question you need to focus on. Trust me, how lucrative either career is will matter very little to you in the next 5 to 10 years.
How do I find out which field excites me more?
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