What It Feels Like To Be Absolutely Loaded By Age 25

mod note: this post is from quora answers "What It Feels Like To Be Absolutely Loaded By Age 25" (link below)

I'll answer from personal experience, but with a less depressing outlook than other Anon user. Background: early employee at successful tech company, $10+ million at the age of 26.

For me, the first realization was the I never have to work again. The second realization was that I'm not the type of person to retire (ever). I feel as though I've been given the ultimate gift: enough money to do anything, at a young enough age where I still have the time and drive to do it.

Random thoughts, in no particular order:

1/ Net worth is irrelevant, I consider cash flow. Before starting a new company and raising money, I just paid myself a salary from investments. The salary (equivalent to $300k/year pretax) wasn't huge, but definitely affords a life of nice dinners, theater tickets, and frequent travel to exotic locations. That said, it's really not enough to start buying yachts, helicopters, or a brownstone in Manhattan.

Along those lines, my plan for expensive purchases (e.g. a house) is to "borrow" from myself and pay it back from my self-paid salary. The goal is to never even get close to a situation where I could end up broke.

2/ I don't sweat the small stuff. $100 parking tickets, fancy dinners a few times a week, and flights to my college football team a few times per year aren't even worth debating. I don't bother with many traditional financial instruments like life insurance, FSAs, or 401(k)s- it just isn't worth my time for slightly preferential tax treatment on a few thousand dollars per year. I'd rather keep my accounts simple.

3/ I'm terrified of inflation. Given my conservative, sustainable spending habits, the only real threat to me is high inflation. Then again, I don't really care what happens to the United States. If it goes to shit here, I'll just move to Singapore or Hong Kong.

4/ It made me consider what's important in life. Most people spend 40 years chasing money, but that's no longer the driving force in my life. After leaving my company, I talked to many companies in Silicon Valley before deciding I just wasn't passionate about their products. Instead, I traveled for many months and really invested in friendships before coming across the right combination of idea and people that made sense- and now I happily work as hard as ever, with an even greater sense of purpose.

5/ It's true, I'm usually the most underdressed person in the room. Given my age and background, most people just think it's novel and let me get away with it. I figure I can pull that off for another year or two at least.

6/ People ask me for money. It happens, it sucks, and I've always said no. Fortunately, no one really close to me has asked yet- that might be more difficult.

7/ Dating is weird. I don't purposely flaunt money, but when a mid-20s guy takes random trips around the world, pays for expensive meals without flinching, and has a nice flat in a good part of an expensive city; people tend to assume things. It always comes up pretty early, but I try to keep it abstract and avoid specific numbers.

Additionally, it can cause conflict when one person has completely different spending habits than the other. For example (true story), I've had multiple people tell me "that's the most expensive dinner I ever had" - for meals that (by my standards) weren't crazy expensive. Also, the idea of deciding on a Friday to spend the weekend in Vegas, showing up at an airport with nothing packed, and just going is completely foreign to most people.

To top it all off, I'm slightly paranoid about gold diggers. It's also made me compulsive about always using birth control, preferably two methods.

8/ I'm really impatient. I hate waiting in lines or when the subway takes more than a few minutes. I frequently just opt for the taxi, or buy my way into an bar/club with a queue.

9/ I've invested time in learning the most efficient ways to spend money to increase my marginal happiness. http://www.bakadesuyo.com/8-ways... gives a good overview, but the main point is to buy experiences, not possessions. I own very few things, but have many experiences.

Long story short, the lifestyle probably isn't much different from someone making a few hundred thousand per year in a corporate job. Anything more would involve unsustainable spending habits.

The real benefit is the freedom to do exactly what I want for the rest of my life. That's why I'm happy I have "fuck you" money.

Here is the LINK to the article.

 
Imperialian:
but the main point is to buy experiences, not possessions. I own very few things, but have many experiences.

a point i'm slowly realizing ... tough making that realization and seeing all this useless crap accumulated over the years..

 

Making 200k/year living paycheck to paycheck doesn't sound that much different in terms of recreation. The major difference is just time. You have to have a job to make 200k/year. He has investments.

 

did you have to find a new circle of friends with as much money as you? if so, where did you find them and is the friendship more superficial? my boss made a lot of money at a young age and lost a lot of good friends not because they asked for money but they couldnt keep up with his life style

 
Banker88:
Who asks you for money and under what circumstances (aside from homeless people and Nigerian princes)?

What is your money invested in? If you're afraid of inflation, I would definitely own at least $250k of physical gold.

People don't ask for money- they just borrow it and never pay it back.

 

I had a really loaded friend when I was in high school, and he was happy to loan people money for anything, but he would charge 100% interest every time you saw him. No one missed payment.

 
Imperialian:

7/ Dating is weird. I don't purposely flaunt money, but when a mid-20s guy takes random trips around the world, pays for expensive meals without flinching, and has a nice flat in a good part of an expensive city; people tend to assume things. It always comes up pretty early, but I try to keep it abstract and avoid specific numbers.

Don't talk to the new girl about the random trip you just took to Vegas, don't go to the most expensive restaurants, etc, if you are really trying to hide how much you're worth. Doesn't seem that hard to me.

 
FinanceGirl:
Imperialian:

7/ Dating is weird. I don't purposely flaunt money, but when a mid-20s guy takes random trips around the world, pays for expensive meals without flinching, and has a nice flat in a good part of an expensive city; people tend to assume things. It always comes up pretty early, but I try to keep it abstract and avoid specific numbers.

Don't talk to the new girl about the random trip you just took to Vegas, don't go to the most expensive restaurants, etc, if you are really trying to hide how much you're worth. Doesn't seem that hard to me.

When you're used to a certain lifestyle, it takes a lot of effort to hide your wealth.

On the topic of birth control... If your girl does get pregnant and you get married with a prenup, the prenup can be voided because they were "under duress"... Just a heads up fellas.

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 
illiniPride:
someusername:
What did you do? founder of startup ? early employee of a company that IPO'ed (FB,ZNGA,GRPN etc) - couldn't resist as their lockout periods ended recently :D
The OP doesn't have $10 million. The guy he's quoting does.

Finally, someone else noticed.

 

Yeah if you are so worried about hyper inflation move 250 K into gold and store it out on your new ranch in Montana where you keep a massive cellar of aged liquors, wines and spirits.

I suggest you travel the world for 1 year and alternate between lifestyles of extreme frugality and highly frivolous spending.

 
International Pymp:
Note to self: In some ways I wish I was born to a less advantaged/rich background, so I thought 10mm was enough to "do whatever I want"... That's not even enough to buy a nice apartment in the city.
Can't tell if serious or not.
 
International Pymp:
Note to self: In some ways I wish I was born to a less advantaged/rich background, so I thought 10mm was enough to "do whatever I want"... That's not even enough to buy a nice apartment in the city.

Is douche transferred genetically among the rich or what?

 
Best Response

Also, to the poster - here's what you do about your inflation concerns, it's common practice among peopel who have substantial assets (and "normal" people too) that you probably know, but just in case... Buy an extremely "safe bet" 5 million USD apartment in your CORE city of choice, the best city is NYC but if you don't like it SF, LA, Chicago could be okay, though each is more risky in my mind... put 40% down, i.e. 2 million dollars. Get a custom jumbo mortgage at an extremely low rate like 3.5% (30 year), this is entirely possible because you can show such a juicy amount of liquid assets and strong income (from asset growth), etc., also because of your large equity cushion (40% down).... Then you'll have 3 million in debt working for you to counter inflation. As the value of your money goes down, so does the value of your outstanding debt, so it'll become a wash (or close, depending on the size of your mortgage versus liquid assets). The value of the real estate itself is also a further hedge against inflation. No more inflation worries, and a nice place to live while you're not traveling.

 
leveredarb:
pymp is a bit extreme but he has a point, what always shocks me is how many ppl on here think 150´-200k / year is good money..

Coming from a typical flyover city where everyone thinks 40K is a great starting salary, it SEEMS like 200K is a lot. I can see now how it isn't so much anymore, but the gap to get there is still extremely wide. Hell, I know head managers of F50 companies in the city that only make 200K, they just live like ballers because of they charge everything to their expense account.

 
leveredarb:
pymp is a bit extreme but he has a point, what always shocks me is how many ppl on here think 150´-200k / year is good money..

considering an individual earning that amount yearly would be in the top 10% of household income (and im sure like top 3% of individual income), how is that not good money? I mean it may not be great money and certainly not "fuck you" money but it is good money.

 
BigBucks:
leveredarb:
pymp is a bit extreme but he has a point, what always shocks me is how many ppl on here think 150´-200k / year is good money..

considering an individual earning that amount yearly would be in the top 10% of household income (and im sure like top 3% of individual income), how is that not good money? I mean it may not be great money and certainly not "fuck you" money but it is good money.

it really does depend on perspective / location. In NYC/London, you won't get that far on that if you're trying to raise a family.

 
leveredarb:
pymp is a bit extreme but he has a point, what always shocks me is how many ppl on here think 150´-200k / year is good money..

I realize I'm being a bit extreme and clearly 10mm dollars is a lot of money and one could live a glorious life with those assets, etc, etc... but my point is just that if I had 10mm dollars in my bank account, I wouldn't consider slowing down / changing my career objectives etc... clearly I'd go out for nicer dinners and on nicer vacations, but I wouldn't "take it easy" at work, etc... I'm extreme but I'm also right, if you want to live a full on NYC life with 3 kids at private school and have an apartment in manhattan and a house in the hamptons (I'm not talking about private jets, etc.) you could get a lot of marginal improvement between 10mm and say 30mm... I really, really nice house in NYC really does cost 10mm dollars. Not the nicest house in the city, just a nice ass fucking house (i.e. a 4 bedroom apartment).

 

... Has anyone bothered to look at the OP's thread history? His other posts are things like "networking with someone younger", "advice for intern at boutique", threads asking about CFA, CFM, asking about how to get into trading, is a Masters of Finance better than an MBA, and so on and so on...

While I love the whole feel good story about a kid killing it in a start-up, I don't think this one's it.

 
Kanon:
... Has anyone bothered to look at the OP's thread history? His other posts are things like "networking with someone younger", "advice for intern at boutique", threads asking about CFA, CFM, asking about how to get into trading, is a Masters of Finance better than an MBA, and so on and so on...

While I love the whole feel good story about a kid killing it in a start-up, I don't think this one's it.

Click on the link. This is NOT the OP's story, it is copy/pasted.

Harvey Specter doesn't get cotton mouth.
 
ScoobyDoobie:
Kanon:
... Has anyone bothered to look at the OP's thread history? His other posts are things like "networking with someone younger", "advice for intern at boutique", threads asking about CFA, CFM, asking about how to get into trading, is a Masters of Finance better than an MBA, and so on and so on...

While I love the whole feel good story about a kid killing it in a start-up, I don't think this one's it.

Click on the link. This is NOT the OP's story, it is copy/pasted.

Then he should have posted that at the TOP of the page. There were posts where they addressed the OP assuming they were his points or concerns about inflation and I don't see any posts from him correcting this.

 
Kanon:
... Has anyone bothered to look at the OP's thread history? His other posts are things like "networking with someone younger", "advice for intern at boutique", threads asking about CFA, CFM, asking about how to get into trading, is a Masters of Finance better than an MBA, and so on and so on...

While I love the whole feel good story about a kid killing it in a start-up, I don't think this one's it.

Due dilligence fail.

 

Its all relative and someone will always have more money, prestige, fame, etc. than you will. Getting to a point where you're able to do things without having to worry (note I said worry not consider) the monetary costs, I think, is most peoples' realistic goal.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
happypantsmcgee:
Its all relative and someone will always have more money, prestige, fame, etc. than you will. Getting to a point where you're able to do things without having to worry (note I said worry not consider) the monetary costs, I think, is most peoples' realistic goal.

exactly, it's all relative

 

There was a point earlier in my career where I was making $200k. Let me tell you, $200k is a lot of money. It will allow you to travel wherever you want in the world, go out for $500 dinners and not stress out about it, and buy you all sorts of toys. The reality is that you reach a point where the marginal value of the dollar falls off a cliff. Personally, I think that point is even before $200k for a single guy living anywhere but NYC. Living in a mansion with multiple vacation homes / helicopters / boats sounds awesome, but the reality is that it ends up creating a ton of stress as well.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
CompBanker:
... Living in a mansion with multiple vacation homes / helicopters / boats sounds awesome, but the reality is that it ends up creating a ton of stress as well.

Mo' money, mo' problems.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

There is an enormous difference between living single and living with a family, obviously.

200k is a lot for a single guy, sure. A lot to the point where past 3 or 400k you have no use for it: can't buy a very big house if there's only one person, Ferrari is no biggie if you are frugal early on, late 20s or early 30s and its yours. Everything changes with a family. thinking of having kids? half a million bucks a pop from birth to putting them through private college. 2 kids, average family, assume 200k yearly income, you cant even put them through a top tier college with education costs these days unless you live in bumfuck nowhere in rural texas.

you need to be making half a mil or more to truly be comfortable with a family if you "want the best for them" and be able to retire when and where you want. 300k at age 40 is not worth it (going through IB, dealing with 2 decades of 80 hour weeks and day in and day out douchebaggery) AT ALL if you want a family life, which you will.

FWIW my version of "fuck you money" whatever that is would be 3M+ a year. I think of it not from a financial standpoint, but if you are in a position to make that much, you are probably established in your career to the point where you can say "fuck you" to shit you really dont want to do anymore.

 

@chrishansen, I agree - when one is single it may be a lot of money but when you have children/wife to provide for everything changes... try 3 kids in NYC private school. That'll cost you $120k per year in after tax dollars... PER YEAR for 14 years.

 
International Pymp:
@chrishansen, I agree - when one is single it may be a lot of money but when you have children/wife to provide for everything changes... try 3 kids in NYC private school. That'll cost you $120k per year in after tax dollars... PER YEAR for 14 years.
International Pymp, putting three kids through private school living in NYC is NOT a middle-class or even an upper-middle class lifestyle. First off, a person with three kids should not be living in the city, they should be out in the suburbs. Second, sending three children to private school is a luxury reserved for the 1% or for those that place a heavy, heavy emphasis on education and their children. At $200k a year, a person can still support a family of five, have a nice house, drive luxury cars (BMW, Lexus, Audi), eat out often, and take family vacations. I know you grew up in a family where money was never a factor (so did I), but the vast vast majority of the world and even America does not live this way. I have countless friends that grew up in families where the kids worked since age 16 to help pay the bills. Where $100 checks would bounce if accounts weren't monitored properly (this happened to me when cashing a kid's parents' check for intramural soccer). Who had never been on a plane until they started work because vacation consisted of driving to their grandparents house in the same state. These people have never left the country and don't even have passports. THAT is the reality of most of America these days and is why I think $200k gives someone a VERY good life.
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
CompBanker:
International Pymp:
@chrishansen, I agree - when one is single it may be a lot of money but when you have children/wife to provide for everything changes... try 3 kids in NYC private school. That'll cost you $120k per year in after tax dollars... PER YEAR for 14 years.
International Pymp, putting three kids through private school living in NYC is NOT a middle-class or even an upper-middle class lifestyle. First off, a person with three kids should not be living in the city, they should be out in the suburbs. Second, sending three children to private school is a luxury reserved for the 1% or for those that place a heavy, heavy emphasis on education and their children. At $200k a year, a person can still support a family of five, have a nice house, drive luxury cars (BMW, Lexus, Audi), eat out often, and take family vacations. I know you grew up in a family where money was never a factor (so did I), but the vast vast majority of the world and even America does not live this way. I have countless friends that grew up in families where the kids worked since age 16 to help pay the bills. Where $100 checks would bounce if accounts weren't monitored properly (this happened to me when cashing a kid's parents' check for intramural soccer). Who had never been on a plane until they started work because vacation consisted of driving to their grandparents house in the same state. These people have never left the country and don't even have passports. THAT is the reality of most of America these days and is why I think $200k gives someone a VERY good life.

tl;dr version- not everyone was born with a silver spoon.

 
CompBanker:
International Pymp:
@chrishansen, I agree - when one is single it may be a lot of money but when you have children/wife to provide for everything changes... try 3 kids in NYC private school. That'll cost you $120k per year in after tax dollars... PER YEAR for 14 years.
International Pymp, putting three kids through private school living in NYC is NOT a middle-class or even an upper-middle class lifestyle. First off, a person with three kids should not be living in the city, they should be out in the suburbs. Second, sending three children to private school is a luxury reserved for the 1% or for those that place a heavy, heavy emphasis on education and their children. At $200k a year, a person can still support a family of five, have a nice house, drive luxury cars (BMW, Lexus, Audi), eat out often, and take family vacations. I know you grew up in a family where money was never a factor (so did I), but the vast vast majority of the world and even America does not live this way. I have countless friends that grew up in families where the kids worked since age 16 to help pay the bills. Where $100 checks would bounce if accounts weren't monitored properly (this happened to me when cashing a kid's parents' check for intramural soccer). Who had never been on a plane until they started work because vacation consisted of driving to their grandparents house in the same state. These people have never left the country and don't even have passports. THAT is the reality of most of America these days and is why I think $200k gives someone a VERY good life.

I'm catching a lot of heat on this one... i absolutely believe in everything you say there. It's not even close to a middle class life to send 3 kids to private school in manhattan, it's a 1-2% life... but my point is, you can't do "Everything you want" with 10mm... you can certainly do everything you need and 95% of things you want.... and you never have to worry again, you are in the 1% etc. etc. etc., but my point and the point of all my posts is that if I had 10mm in my bank account, I wouldn't stop working hard and trying ot make a whole lot more just because I was secure and my family was going to be provided for etc. with the money I already had... that's my point. My point is not that having 200k per year isn't a lot money, or that having 10mm dollars in net worth isn't a lot of money, but rather that it's not the end all be all - and it's not even at a point where marginal happiness created by having MORE is close to meaningness... there is clearly a point where more money doesnt matter much at all aside for philanthropic interests etc., but 10mm is not close to that level.... that's my whole point. I hope everyone can understand what I mean and not thing I'm an out of touch asshole who doesn't think anyone survives on less than 200k a year (most people survive on 50k per year, i realize this)

 
CompBanker:
International Pymp:
@chrishansen, I agree - when one is single it may be a lot of money but when you have children/wife to provide for everything changes... try 3 kids in NYC private school. That'll cost you $120k per year in after tax dollars... PER YEAR for 14 years.
International Pymp, putting three kids through private school living in NYC is NOT a middle-class or even an upper-middle class lifestyle. First off, a person with three kids should not be living in the city, they should be out in the suburbs. Second, sending three children to private school is a luxury reserved for the 1% or for those that place a heavy, heavy emphasis on education and their children. At $200k a year, a person can still support a family of five, have a nice house, drive luxury cars (BMW, Lexus, Audi), eat out often, and take family vacations. I know you grew up in a family where money was never a factor (so did I), but the vast vast majority of the world and even America does not live this way. I have countless friends that grew up in families where the kids worked since age 16 to help pay the bills. Where $100 checks would bounce if accounts weren't monitored properly (this happened to me when cashing a kid's parents' check for intramural soccer). Who had never been on a plane until they started work because vacation consisted of driving to their grandparents house in the same state. These people have never left the country and don't even have passports. THAT is the reality of most of America these days and is why I think $200k gives someone a VERY good life.

I'm catching a lot of heat on this one... i absolutely believe in everything you say there. It's not even close to a middle class life to send 3 kids to private school in manhattan, it's a 1-2% life... but my point is, you can't do "Everything you want" with 10mm... you can certainly do everything you need and 95% of things you want.... and you never have to worry again, you are in the 1% etc. etc. etc., but my point and the point of all my posts is that if I had 10mm in my bank account, I wouldn't stop working hard and trying ot make a whole lot more just because I was secure and my family was going to be provided for etc. with the money I already had... that's my point. My point is not that having 200k per year isn't a lot money, or that having 10mm dollars in net worth isn't a lot of money, but rather that it's not the end all be all - and it's not even at a point where marginal happiness created by having MORE is close to meaningness... there is clearly a point where more money doesnt matter much at all aside for philanthropic interests etc., but 10mm is not close to that level.... that's my whole point. I hope everyone can understand what I mean and not thing I'm an out of touch asshole who doesn't think anyone survives on less than 200k a year (most people survive on 50k per year, i realize this)

 

One reason not to send your kids to expensive private schools is that many become wildly out of touch with the average person. Things like thinking a doctor is 'middle class'. The potential for your kid to become a ginormous douche is just too much for me.

 
SirTradesaLot:
One reason not to send your kids to expensive private schools is that many become wildly out of touch with the average person. Things like thinking a doctor is 'middle class'. The potential for your kid to become a ginormous douche is just too much for me.
yeah i can second that from personal experience lol
 
SirTradesaLot:
One reason not to send your kids to expensive private schools is that many become wildly out of touch with the average person. Things like thinking a doctor is 'middle class'. The potential for your kid to become a ginormous douche is just too much for me.

Third this.

I don't understand how some people feel the need to send their kids to private schools... plenty of people make it out of the public school system just fine... give your kids more credit.

 
Culcet:
SirTradesaLot:
One reason not to send your kids to expensive private schools is that many become wildly out of touch with the average person. Things like thinking a doctor is 'middle class'. The potential for your kid to become a ginormous douche is just too much for me.

Third this.

I don't understand how some people feel the need to send their kids to private schools... plenty of people make it out of the public school system just fine... give your kids more credit.

there are downsides to public school as well, mainly that your best friends will not have as much money as you which often times makes things awkward (just look at all the ppl on here saying how its difficult for them to hang out with their highschool friends because they made bank in finance, I dont have that problem since most of my friends will never have to work :/).

Private school also gives you a pretty good network (both in terms of your school friends and their parents)

 
Imperialian:
mod note: this post is from quora answers "What It Feels Like To Be Absolutely Loaded By Age 25" (link below) I just paid myself a salary from investments. The salary (equivalent to $300k/year pretax) wasn't huge, but definitely affords a life of nice dinners, theater tickets, and frequent travel to exotic locations. That said, it's really not enough to start buying yachts, helicopters, or a brownstone in Manhattan.

Long story short, the lifestyle probably isn't much different from someone making a few hundred thousand per year in a corporate job. Anything more would involve unsustainable spending habits.

.

Let me say, I'm assuming he is pulling in $200k from his investments per year, or 2%. This guy is clearly not a finance guy, must be a computer geek. 2% could be from a savings account/CDs, or even if he's making 5% and sets aside 3% for inflation, he is not investing like a banker.

Secondly, this is not comparable to a $300k salary, maybe more like $500k, because he does not have to worry about setting aside money for the future, it's $200k of "disposable income".

Also, I am surprised that you guys are right that $200k is not that much, most 1% incomes are listed at 200-300k, but this one from the WSJ: http://blogs.wsj.com/economics/2011/10/19/what-percent-are-you/ list the top 1% as more than $500k per year, it must be including investment income whereas others only considered salaries.

I usually have scored in the 99th percentile on tests, rarely below the 97th percentile...I guess I should aim for $500k+ if those tests are worth anything!

-No comment-
 
illiniPride:
donkeymoney:
I usually have scored in the 99th percentile on tests, rarely below the 97th percentile...I guess I should aim for $500k+ if those tests are worth anything!
And they're not!

You're right--they don't measure my inheritance, family connections, whether I will be an extremely talented athlete/musician, or if I'm a hardcore Type-A person. Beyond that, it's decent for a simple measure applied to the population as a whole.

Don't get me wrong, the Type-A and interest-in-money characteristics are very important. Most scientists make less than 100k, and most of them are smarter(by standardized tests' vision of intelligence) than people on Wall Street.

-No comment-
 

And oh yeah, someone pulling in that sort of salary (300-500k) is probably working 100 hours a week. This guy is more like an entrepreneur who has made it big and has delegated his responsibilities to the company. The free time is priceless.

-No comment-
 

Some of you guys are acting like the choice is between some shitty public school and a very nice private school. In reality, the question is between the high school in Greenwich or Short Hills or a magnet or a private school. I worry about my kids being a douche at one of those public schools, let alone at a private school. I would argue, that if your kid is really talented they will likely have better opportunities at the public school and have at least somewhat lower probabilities of douchehood.

 

Aperiam eum et consequatur adipisci qui. Qui quos voluptatum distinctio rerum dolor blanditiis iure est. Est aut minima odio odit sed. Voluptates quo laboriosam dolor autem. Sint est sit provident quos quod necessitatibus est.

 

Dolor eligendi consequuntur excepturi vel doloremque fugit temporibus. Maiores id consequatur aliquam laboriosam et iusto odit quisquam. Modi cum consequuntur consequatur odit repellat voluptatem. Quod distinctio recusandae quis quibusdam in sunt voluptatem.

Non consequuntur tempora eos illo sunt id quis. Quo sint in autem sit quis non excepturi. Dolores reiciendis quo magnam quia.

 

Eos dicta excepturi possimus qui et dolorem voluptatem. Et minus quidem est voluptatibus ducimus qui.

Velit voluptatem aspernatur dignissimos ad ex et. Quibusdam iure quam distinctio placeat repellat inventore minima. Quia porro qui enim et laborum dolores eaque vitae.

Exercitationem non asperiores cum. Nostrum voluptatem voluptatem quibusdam natus. Asperiores adipisci consequuntur in est. Esse officiis sed aut officia.

Qui autem amet et qui est expedita. Expedita ut unde inventore labore odio. Iste dolore ipsum deserunt vero dolore. Dolor fuga dicta aut quia earum sit.

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
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”