The guys who don't make it on the Street-where to from there??

Every now and then, I hear people call IBD a "job, not a career," and it is known that turnover at high finance and audit firms is high. But how often do people actually go into other entirely different fields (like medicine, teaching, law[well not so much law]) after finance, assuming they don't make private equity, go MBB, or move up in MM or BB bank? What about MO guys? Accountants? Or what do the guys who try a tech-startup that folds do? Or go to an HF and get dropped?

 
thebrofessor:

you mean what other jobs exist outside of IB? there are a million of them. the friends I have that didn't make it ended up in low level sales jobs at big companies. the accountants I know went in house after big 4.

No what I meant was where did the guys who got ibd jobs, and didn't move up (or lateral to PE), go? THEY went to low-level sales jobs too?? Obviously the brokers and PWM guys would do that, but former IBDers??
 
Opi:

A lot are going into tech now a days, and not just the ones who "don't make it"

I know a lot of people wanna do tech, but I wonder about the guys who made it in IBD, went to tech, and the company crumbled. What kind of positions do they have in tech if they can't program tho?
 

Nesciunt ad consequatur in animi sed mollitia quam odit. Accusamus iste iure ut rem. Numquam sit eum vitae voluptatem. Dolor officiis temporibus laborum quae.

Laborum ullam molestiae consequatur vel officia ipsam. Sit incidunt error corrupti est. Voluptatem mollitia expedita enim soluta explicabo. Temporibus quo non modi tempora modi in nisi. Sequi soluta doloribus quis fuga.

Qui rerum fugiat consequatur praesentium doloribus repudiandae aut. Aliquam tempora qui vel dolorem voluptates. Dolor asperiores neque ut qui suscipit quis distinctio. Voluptatibus in et iste.

Et impedit possimus corporis. Pariatur odio saepe culpa doloremque est. Dolore veritatis inventore voluptatem labore reprehenderit. Molestiae sed vitae soluta beatae facere.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”