What's your dream age / income / location for retirement?

It's never too early to plan for your retirement.
An estimated median annual household income among retirees is $32,000.

32K, in my opinion, is pretty low but sustainable. My ideal situation is to retire when I'm 55, with income of $50,000/yr, and perhaps settle somewhere in the suburb of Florida.

What about you?

Source

 

Grandpa always said retirement was the worst decision of his life - and he did manual labor. You need hobbies otherwise you'll bore yourself to death. I think I have some okay hobbies, but it wouldn't hurt to consult on the side or something for a few hours a day.

That being said, I would agree that mid-50's would be cool. Get some traveling in, some fishing and hunting, more gym time, etc. Would also hope for mid $50's sustainable income, and I'd settle down in the middle of nowhere (where else could I hunt and fish on a moment's notice?)

 

This so much.  My grandpa just turned 85 and still does contract work (skilled labor since he got out of the navy).  He's always said he doesn't understand people who have no desire to do anything.  

 

you're planning the wrong way. don't target a certain level of income in retirement, because most retirees clip coupons and bitch if the AC is on because the power bill goes up by $5.

strive to save the highest % of income you can as long as you're working, be an all equity investor at least for the next 25 years, and assuming you saved double digit percentages (10% doesn't count), you'll be wealthy and be able to live well after your career is done.

 
Funniest

A simple google search would have provided all the information rather than replying to a 4 year old post.

 

Retirement is still going into the office (or checking in or whatever the world looks like then) for half days and going on two month-long vacations during the year. Second residence in Charleston and a third somewhere foreign. Still should be making money from investments/work.

If I'm not there, I still have some work to do

Commercial Real Estate Developer
 
CRE:

Retirement is still going into the office (or checking in or whatever the world looks like then) for half days and going on two month-long vacations during the year. Second residence in Charleston and a third somewhere foreign. Still should be making money from investments/work.

If I'm not there, I still have some work to do

Amen

 

I'll be slinging MBS til the day I die, son

Joking

Age 55. Money ain't a thing. Ideal setup would be a small ranch compound an hour or two outside of Dallas, tooling around in a John Deere Gator, cigar in mouth, between the main house and a barn where I'll have a trade station setup that I'll escape to when my busty, freckle-chested Florida beach mama wife is making too much a racket with that damn blender. She'll make a mean margarita though.

 

Dude. That sounds fucking terrible. 50k? And a suburb in Florida? Jesus. So from a financial planning perspective where you're pulling 4% and all that, what is that, like $1.2M in the bank? According to my trusty calculator, that's $500/month invested for 40 years averaging 7% returns. That's not a lot of savings, and that's not a great return. Just throwing it out there. Oh FYI, I live in a "suburb" in FL and make more than $50k a year. It doesn't go far.

As far as actual retirement goes, I'm in RE in an entrepreneurial type of role. Lets just say I have a number in mind and I haven't hit it yet. But it's enough that I have a second home somewhere, possibly a third, and can take 2-3 weeklong trips a year to places I'd like to go and not really worry about how much I spent on dinner and shit. Maybe not quite private jet wealthy, but maybe I can charter one for special occasions or get a NetJets card. My problem is that I like toys, and toys can get expensive. So I'll probably never fully retire, but I own properties so I'll always need to be somewhat in the game anyway, just to continue growing the investments. Plus side is that it doesn't exactly require a ton of time from the majority of the time.

I think as we continue to move forward with the economic situation being what it is, you'll see a lot more "working retirements" from older workers that can swing it, and a lot more people retiring early because they can't find a job. Hell my dad retired about a month ago. Then 2 weeks into it his buddy called him and wanted him to come in as a "consultant" and fix some issues in his firm. Turns out he really needed a new Operations guy so now my dad, who was retired last month and thinking about doing some consulting is back working 80 hours a week because he was too bored to sit at home and the right opportunity came along. It's not even about the money, though that didn't hurt. Retirement is great, but unless you've got fuck you money wtf do retired people even do all day?

 
thexaspect:

Dude. That sounds fucking terrible. 50k? And a suburb in Florida? Jesus.

There are all of these new age blogs that support it. My girlfriend's best friend's significant other just "retired" at 35. He was head pharmacist somewhere pulling in 6 figures and decided that he could live on $28,000 a year from savings and investments for the rest of his life. Dude's a real hipster. He doesn't do things to be ironic or scene or fit in with the other weirdos or whatever - he legitimately is that...unique. Anyhow, this concept is a thing now.
Commercial Real Estate Developer
 

I mean, I hear you, I just don't understand why the concept is a thing now. It just blows my mind. Don't get me wrong, I'd love to be retired at 35. There's just no room for error. $28k a year just isn't financially secure in my mind. And especially at 35, I've got kids and shit man, what about their education? Weddings?

To those of you youngin's and hipsters out there, I'm not saying you need 9 figures to stop working, but just consider all of the things that you'll need to eventually pay for. If you "retire" at 35 with just enough to live off of forever, good for you if you also plan on never getting sick, getting married, or having kids. But medical bills add up in 30 years. Kids aren't cheap. Kids in an area where they need to go to private school so they don't get shot are even less cheap(where I live). Your kids are going to get married and have kids of their own. Are you not going to want to be able to visit them wherever they live? Unless you're all together in a commune somewhere, guess what, plane tickets are expensive. Oh and btw, if you're counting on SS to make up the difference when you turn 65 or whatever the age is now, it's calculated on your years of earnings(contributions). And if you stopped earning anything 30 years before, well, it's going to be a small(ER) check.

There are just so many variables. Plus, the guys a pharmacist, so a reasonably intelligent and contributing member of society. What a waste.

 

Go to a retirement home. Sleep all day. Have wild lan parties every night. Profit!

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.
 

Pwning noobs in CS:GO will give me a massive hard on so no need for medication.

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.
 

I'd rather travel the globe and throw it in top tier pro's from emerging and frontier markets until I die of a mixture of unknown strains of drug resistant STD's. Or move to Mexico and use my superior financing capacity and intellect to muscle into the drug cartel business, only to die years later in battle in a bid to take over the Mexican government with my cartel army. Might have to lay off the liquor to accomplish the second one

I AM THE LIQUOR
 

Fear the Bulge is the kind of person that can recite the entire script of Wolf of Wall street, and comments on all of dan bilzerians instagram posts: "DUDE UR THE G.O.A.T WE SHOULD HANG SOME TIME"

 

I was a ski instructor in the Rocky Mountains after I graduated a semester early from college and before I started my FT job with my current MM bank. It was a great six months and I miss every second of it. It was incredible waking up everyday not having to worry about what email I was going to have to rush to respond to, or what deadline I had to meet. All I needed to do was put on my instructor uniform and teach some kids how to ski and enjoy the sport I love. It never felt like work.

One thing I noticed is that a lot of the older instructors were former businessmen, retirees, or intelligent individuals that leveraged their connections to have a constant stream of private clients that paid over $1000 a day for lessons. I came to this realization after I got booked to teach the CEO of a major beer company and his kids. I literally spent the entire lesson just talking beer, business, and taking them to cool places on the mountain. After mulling on it for a while, I think that would be the best retirement option for me.

You're in the Rocky Mountains, beautiful scenery with endless activities to do in the winter and the summer. You are still technically "working" because you are teaching individuals to ski, but skiing is a great sport that is fun at any age and at any level. Investment Bankers and other similar individuals love to ski so why not leverage your connections and rake in the private clients. Clients love the idea that their ski instructor is A) an excellent skier B) knows their industry and the lifestyle that accompanies it. People always talk about retiring on the beach and just drinking Pina Coladas all day. Why not retire in Vail or Beaver Creek and drink Moscow Mules?

It's only my first year but I have a general outline for how I want to achieve this: - Save and invest aggressively (not hard with an IB job) - Marry, have kids, ship them off to school - Once empty nesters, sell the house - buy house or condo in Vail or BC with house proceeds and savings - Live the life of skiing everyday with my snowbunny wife

 

$5MM. At $5MM, assuming I have cars and housing paid for, I could work as an adjunct professor and make around $250,000 all in from bond interest and part time work while letting a mil or two be invested in capital appreciating assets.

$250,000 with no rent or car payments allows for about as much travel and good food as a person could want.

After a few years I might get the bug to open up my own shop though if I was still young.

 

$10MM is the magic number :)

In all seriousness, you'll need to reach MD-level to reach $7-8MM in savings unless you're a saver (highly unlikely for most people in IBD, according to numerous posts by WSO-ers), in that case, I'm thinking SVP should do the trick by the time you hit 45.

 
NeuralNetwork:
$4MM is a little low isn't it? When would you predict to be retiring with that?

This is ridiculous.... do you understand how much money $4MM is?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
blackfinancier:
NeuralNetwork:
$4MM is a little low isn't it? When would you predict to be retiring with that?

This is ridiculous.... do you understand how much money $4MM is?

Apologies, I didn't clarify. If you're retiring anywhere after 45 it's more than enough.

In most of these replies it's not mentioned at what age they retire, which makes a massive difference.

I'm assuming some people are using their current age, and some people are using retirement age. I don't know.

 

probably around 10, maybe 20 25-30 years from now

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

The average person makes 2MM in a lifetime. Average lawyer makes 4MM in a lifetime.

You're absurd if you think that isn't enough to live off of.

I think that we are all clinging to a great many piano tops...
 

Got to agree with hpm, a lot of people here have delusions of retiring in their 30's or 40's and that's just not realistic. There's a word for the majority who actually do that - bums.

People like Coldplay and voted for the Nazis, you can't trust people Jeremy
 

You can easily "retire" from a "real" job in your 30s, just have to make good investments, maybe have a part time job/small business you do for fun and extra cash. You won't be living like a king, though

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Ran a DCF and got to a figure of $11.8m (at today's exchange rate). That is assuming I die at 77 years of age (UK male life expectancy) and want to make a real annual salary of $120,000/year (assuming 2% inflation rate every year). Would settle for $8m though (about £5m).

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

I'd like to make $80,000 residual by the age of 55. Earlier if I can.

I truly want to launch a business operation where either I'm able to work completely remote (for like $60-80K by my late 20's or just do the normal thing.

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
 

Retiring with a million is feasible, but retiring early with a million early probably is not. Obviously, I'm not old enough to have put much thought in to it, but if you figure the average American retires at 65 and dies at 80, that is 15 years, which a million should support you for. If you retire at 40 though, I imagine you'll stretch that money pretty thin. Once you're retired, you're going to have a very minimal risk appetite, so you're looking at a return of only a few percent over inflation. So even with a million, you might be getting a return of $30,000 a year - which I don't think you want to live on. If you start cutting in to your savings, that return will obviously decrease. So, I think you need to ask yourself how much you need to live comfortably on, when you want to retire (and thus how long you'll be retired for), and then work backwards from that.

 

But don't feel bad. So did I, and so does just about everyone else.

When I was just getting into the business at 23, all I could think about was amassing a huge lump sum of cash. It literally consumed my every waking moment. It didn't hurt that I actually liked the business at first, and I was lucky enough to enjoy some early success.

By the time I reached the point where I was able to walk away, though, I was completely torched. It took about 7 years total, start to finish. When I think about how many of those years (some of the best of my life) that I burned up trying to put together a huge pile of cash, it kinda turns my stomach.

You don't need $10 million to retire. For that matter, you don't even need $1 million. Some who have successfully walked away would argue that you don't even need a hundred grand, though I think that's stretching it a bit.

What you do need is one vital thing: cash flow. I would add that being completely debt free is highly, highly desirable as well, but it's not an absolute requirement as long as your debt service does not exceed your cash flow.

I thought I wanted the big lump of cash sitting in the bank. What I really wanted was the freedom and security that the cash makes possible. So if you can generate positive cash flow on a monthly basis that exceeds your expenses, and it's cash flow that doesn't rely on your efforts to be created, you can walk away any time you want.


The WSO Guide to Understanding TARP

 

Admittedly I am much younger and less experienced, but I thought pretty much the same things when I entered: amass a pile of cash, even if I have to spend all day / all night working.

The thing is, you don't need a huge lump sum of cash to "retire": you just need passive or semi-passive income streams... either from a business, from real estate, royalties, other sources, etc.

Someone linked to my article above, but let me just make one other point:

Early retirement is actually a fallacy. Many retirees get so bored they get severely depressed and want to commit suicide, because they're doing almost nothing with their time.

No matter how great it sounds to sit on the beach 24/7 and never do anything, you get bored of that routine very quickly. The better approach - and what I do now - is to spend some time working, but take a few weeks/months off in between every so often to do something other than work.

That might be learning a language, writing upcoming books, or any number of other projects. But I never just sit around on the beach or watching TV.

It's nice to have the security blanket that a large sum of cash gives you, but keep in mind that free time alone does not make you happy. Inactivity is not the goal - being able to choose your activities is.

 

The author, Tim Ferriss, actually used to work for a buddy of mine, another writer.

My buddy is a travel writer who is beginning to enjoy some success and recognition. His first book was a hit so he set up a blog. He wrote another book that did even better, then he started getting calls from the Travel Channel and other media outlets to produce some stuff for them. Because of this, he could no longer devote the time to maintain his blog, so he hired a kid that had some travel chops to write the blog for him.

The kid was none other than Tim Ferriss, and he wrote for my buddy's blog the whole time he was writing The 4-Hour Work Week. My buddy and I joke about how Ferriss went from writing his somewhat obscure blog to being a New York Times bestselling author almost overnight.


The WSO Guide to Understanding TARP

 

I have read an article last year saying that a former M&A "rainmaker" from a BB has left the IB world to found from scratch one of the best Kayaking/Rafting company in Colorado.

That would be in my opinion an ideal way to retire because you are still making an interesting job, outside and you still make some money.

I actually remember the pictures of this article...pretty funny to see the man "Before" and "after"...

 

I'm going to piggyback on what others have said previously. Many people cannot be away from the work they have been doing for 10/15/30 years. It's cool to say you're going to retire at 45 and play golf and sit by the poolside bar the first 3 months, then you get bored. On top of that, I think for many of these people it is tough to see any type of loss in principal. The ones that have hit it big (8 or 9 figures), at least the ones that I have met, are always trying to figure out ways to multiply it or beat their friend who's worth 20M more. It's sick to think that the guy worth 80M is trying to break into the 9 figure club, but it is the way a lot of these people think and are wired.

 

I agree with everything mentioned above. The cash flow point is noteworthy - thats sort of the reason I mentioned rentals from real estate. Thats like the backup income stream.

But sitting idle watching tv is not my idea of retirement. My passion - laugh if you like - is fitness and running my own gym would be a great way for me to spend time and hopefully earn too.

I am a good golfer too ( no surprises ) and playing pro maybe an option too. A pro golfers life is very hard but if you're not doing it solely to earn money, it can be great fun.

Lastly, I trade/invest for myself as well and anyone who has been doing so knows that it does keep you occupied.

 

I'm in my mid 20s and still in the mindset of "I want to amass a pile of cash". I think it's very important to have principal that you can pass down to future generations, therefore securing not only your retirement, but your family's future and place in society. I would NEVER want to be spending principal in retirement... unless I had no other choice. But I guess if you guys mean "income-generating assets" rather than "principal" or "cash"... that's understood and I'd consider that pretty equivalent (i.e. real estate, stock/business interests, etc.)

I feel that once you're worth a certain amount, people can't push you around anymore. You go to work at jobs you enjoy with people you enjoy working with. I'd say that amount is maybe a few hundred thousand or $1M if you don't have a lavish lifestyle. If you have that in the bank, you're not going to bother working for people you hate or doing work you're not enjoying... you're going to have more dignity and pride than that, backed up by financial security. I guess my point is... when I see guys working on Wall St or running companies in their 60s, you have to know that these people genuinely enjoy their job OR possibly just don't have any hobbies or interests. Otherwise, they simply wouldn't be doing it.

As long as I enjoy my job... I'll stick to business. However, if I find other passions in life, I'd love to do something else after age 50-55, possibly part-time. One example I've thought of is being a college professor... that sounds like it would be extremely rewarding to me.

What will I need to retire and be happy? Probably $10M or more in today's dollars. Not exactly difficult to amass by the time you're 45-50 if you've spent your whole career on the Street.

 

Being 20 something and having a million in the bank sounds like nirvana because most 20 somethings have not tied themselves into a mortgage, family dependents and a expensive day to day life style ie private school and university for the kids, summer European holiday for the whole family, winter skiing holiday, second home etc. By the time anyone amasses a million they need the income cash flow that got them the million in the first place to maintain their lifestyle because there is no way on earth that a passive income from that million is any where close enough to maintain the life style they are locked into. That's the truth on why most 50 and 60 year olds on Wall street are still working.

 
medward:
Being 20 something and having a million in the bank sounds like nirvana because most 20 somethings have not tied themselves into a mortgage, family dependents and a expensive day to day life style ie private school and university for the kids, summer European holiday for the whole family, winter skiing holiday, second home etc. By the time anyone amasses a million they need the income cash flow that got them the million in the first place to maintain their lifestyle because there is no way on earth that a passive income from that million is any where close enough to maintain the life style they are locked into. That's the truth on why most 50 and 60 year olds on Wall street are still working.

I would think that most people in the financial industry are smart enough not to get trapped into that, but I guess it's just human nature for many.

I live significantly below my means and hope to do so for the rest of my life. Some people may call me a miser... but I'm just much happier with security than I am with material goods.

 

I'd ideally like to retire from full-time work around 55 or so, but go into an office 2-3 times a week every couple weeks as a consultant of some sort to keep my sanity. Living somewhere in California would be nice, but I'd settle for Nevada if it's still cheap to live in by the time I retire since I plan on spending a significant amount of time travelling anyways. I'd probably be ready to retire if I had a passive income around $70k/yr.

 
GoodBread:
If I manage to get the job I want, I'm not sure I plan on ever retiring.

Exactly. If my job actually makes me happy, then I don't have anything keeping me from quitting. I do think $2M would suffice for me. Although if I'm relatively too young, I would probably keep working.

 
Nobama88:
If I was going to retire RIGHT now, then my number would be $10,000,000 cash. That would allow me to get 200K-300K a year to live off of w/ a safe 2 or 3% return.
same
Get busy living
 

But if you have $3-4M its conceivable you'll have an opportunity to make close to another million (or more) in a year while being more satisfied with your work- wouldn't you take it (assuming you didn't get your 3-4 by slowly grinding it out)?. If so, a predetermined cutoff doesn't make sense.

 

To: seigniorage, yes that's true. I probably would work for a few more years. Unfortunately I'm one of those cynical fuckers who thinks work is a cruel necessity of life and wants to get out as soon as possible. I don't know, maybe liquidating some business; if I made £5MM from that, it'd be retirement for me, and live off the interest.

 

To: seigniorage, yes that's true. I probably would work for a few more years. Unfortunately I'm one of those cynical fuckers who thinks work is a cruel necessity of life and wants to get out as soon as possible. I don't know, maybe liquidating some business; if I made £5MM from that, it'd be retirement for me, and live off the interest.

 

I liked one guy on Wall Street Warriors remark. This was before the crash though: "$10MM after-tax, buy a 30 year bond with 4-5% interest and just coast." Too bad those rates are not around today but who knows, if I ever have 10MM after tax maybe they will be.

"Ambition and education is first and talent is second"- T.I.
 

Quo molestiae non quia deserunt. Aliquam in debitis ratione. A eius dignissimos autem maxime.

Aliquam tenetur ut consequatur sapiente quos esse. Quae consequuntur ut minus dignissimos. Ut dolor id sed numquam explicabo asperiores tempora.

Necessitatibus earum occaecati repellat consequatur nostrum aut at. Officia nemo fugit aut nam. Sapiente quas numquam repellendus quidem voluptatibus sit eum. Delectus suscipit velit aut laboriosam ab.

 

Odit odit sapiente ipsum culpa. Non et ad provident voluptas repellendus. Facere est animi sint et accusamus omnis. Quisquam ducimus tempore sunt. Reprehenderit ut ipsam et unde illo.

Aspernatur qui placeat voluptas reprehenderit. Dignissimos ex quibusdam quod at beatae temporibus. Quo vero consequuntur pariatur cupiditate magnam voluptates quia.

Molestiae eos dolor saepe incidunt. Omnis autem qui sit delectus tempore. Nihil itaque ea vero placeat. Sint maxime in nesciunt repellendus. Ut sit et eum rerum consequatur velit ducimus. Et veniam ducimus maxime ea est id. Sed et cupiditate laborum provident repudiandae.

Corporis sit excepturi quas minima qui asperiores sunt ratione. Et iure perferendis qui. Libero deserunt occaecati accusantium magnam voluptatem.

 

Repellendus minima esse quod tempora voluptas officiis sunt delectus. Reprehenderit vel numquam ratione expedita eum quis voluptatibus. Illum qui dolor architecto libero quas. Voluptatem aspernatur voluptates reiciendis recusandae. Ut delectus nemo natus dolore ducimus sequi minima.

 

Repudiandae et magni aut veniam. Sit quisquam qui debitis quae quam consequuntur. Ipsa qui quis possimus minima. Enim vitae veritatis quis distinctio magnam. Et harum cumque quam architecto.

Totam et ut quo. Voluptas enim tempora natus odio voluptas vitae incidunt suscipit. Est et excepturi rerum dignissimos doloribus. Optio quia aut consequatur consequatur doloremque aut vel.

Quasi inventore ea ut facere sint nam asperiores at. Est quia culpa eaque incidunt. Debitis dolorum labore enim sed et sed ea. Architecto mollitia laboriosam amet tenetur enim vel eum. Itaque nemo perferendis quaerat voluptatem sed autem aut. Blanditiis occaecati ad atque ullam inventore est minima libero.

 

Recusandae sequi quasi est earum dicta aperiam. Occaecati quod reiciendis aspernatur sequi. Non sunt occaecati non veniam neque laborum. Quia dolores sit repellat et libero. Provident incidunt quo earum explicabo blanditiis facilis distinctio omnis.

Vitae quam et omnis nostrum. Vel ipsum porro magni. Et enim consectetur sint at. Itaque itaque dicta et quo recusandae eaque nihil. Consequuntur expedita inventore dolor illum labore. Sint modi deleniti asperiores eligendi magnam ducimus maxime.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Facere similique suscipit rem nemo distinctio sit similique. Tempora nihil quia dolorum mollitia delectus fugiat eum. Molestiae sequi laborum accusantium. Nulla ea architecto non eveniet dolore adipisci occaecati ipsam. Qui itaque nobis sit deleniti. Enim soluta esse voluptatem numquam laboriosam explicabo quia. Ut perspiciatis voluptas voluptas sed a.

Est facilis quis deleniti aut. Repellendus eveniet et autem odit. In eveniet eum perferendis nemo repellat nostrum odio. Voluptatem natus rerum debitis id sit blanditiis quo occaecati. Voluptatem dolorem debitis nesciunt modi est quasi pariatur.

Cupiditate esse neque temporibus ut voluptatum quo repudiandae. Qui ut ducimus eius. Ut quis aperiam officia repellendus deleniti sint necessitatibus ipsa.

Qui est non cumque sunt. Quia omnis cum ab quod minus qui ratione. Rerum nobis ut occaecati non consequatur tenetur eligendi qui. Maxime neque sunt omnis qui dolore saepe voluptatem. Eos vero alias quis sit velit.

 

Omnis eum omnis est cum modi. Fuga molestias ullam consequatur quo ut.

Et nihil necessitatibus veniam magnam. Consequatur voluptas cumque laudantium id et. Qui praesentium deserunt repudiandae eligendi accusantium.

Et reiciendis optio aut dolores magni provident. Illum sapiente reiciendis iste in vel dolor. Magnam ratione et iste perspiciatis. Aliquid aperiam ad voluptatibus consectetur quod voluptatum sequi. Ab optio ut velit mollitia est. Quia mollitia esse quasi consequatur.

Cum expedita velit numquam debitis consectetur itaque facere. Eius quos illum omnis aut. Aut id necessitatibus corporis.

"Work ethic, work ethic" - Vince Vaughn

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 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 (202) $159
  • Intern/Summer Analyst (144) $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
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”