What would you do if you weren't in finance?

I think we all have those days where we want to pull a Chris McCandless and go be a mountain man. If you weren't in finance, what would you do?

I have a knack for extreme stuff. I think I'd get my free-fall skydiving certification and PADI certification and maybe do that stuff. I went skydiving for the first time this summer and it was a fucking thrill - definitely something I want to do again. Another crazy item on the bucket list is to shark dive without a cage. With that said, I think I'd maybe instruct courses in those areas if I wasn't in finance. Or do some personal training, but I think that'd be a tough living financially.

 
Bay Street Fool:
SSits:
I'd like to be a cult leader.

"You make more money as a leader, but you have more fun as a follower".

I'm not even in finance, but flying was a dream of mine, so I'd be an airline pilot.
With Cathay Pacific.
It's the BB of airlines.

No way, Jose. Singapore Airlines, or Emirates, maybe. Better service all around, and cuter air stewardesses.

 

I'd say Advertising or Tech (fields I deem interesting). Don't know what those answers would result to. But I think as long as you could sell your way it would be okay.

Waiting for other responses as I'm getting curious too.

Fortes fortuna adiuvat.
 

I don't know necessarily if it is the "right" answer, but I'd say law, or maybe medicine. Those are my personal choices though. I'd imagine a really good answer is a field you are also interested in, that shares some characteristics with finance, and you can explain why they are similar and why you like finance/IBD better.

 

3rd world country warlord. Just kidding.

I'd be a musician or policy/political analyst or theoretical research anthropologist. Does working at the FED help towards any of those ends?

Get busy living
 

I would answer it honestly. What else are you passionate about besides finance? I'm not entirely sure if this is correct way to approach it , but for my interviews I simply stated that I wanted to be an engineer before getting interested in finance.

When luck shuts the door you gotta come in through the window - Doyle Brunson
 

Politician/Lobbyist. I say this because its a sweet gig. You get a good amount of vacation days. You get paid well, a decent salary and phenomenal perks. You will develop connections with some of the most powerful people in the country.

Array
 

Do politicians really get paid that well? I assumed that most of the time it was that wealthier individuals tend to become politicians, as opposed to getting paid from being a politician...

 

Well the salaries from the government is only a couple hundred thousand, but you have to keep in mind, their income from other ventures is MUCH more. One of them alums from my school used to be an analyst at a PE firm in D.C., and they had a congressman there as an advisor. That congressman got paid 350k for just lending the firm his name and title. Their rationality is that a PE firm will be able to attract plenty more investors and have a lot more credibility with a congressman on the board. Many companies such as fortune 500 companies have former politicians on their boards. Other things include speaking fees. I know Congressman and Senators could make anywhere from $10k - $15k a day just by showing up to events and speaking. Most of the income you make will be outside of your government salary. I would choose being a politician over any position in finance, but getting your foot in the door is WAY WAY harder than finance.

Array
 

Pro baseball GM. A mixture of quantitative and subjective analysis of baseball players. You are basically playing in a real life fantasy league. Also, taking friends to your box to watch games would be fucking sweet. I'd wake up each morning with a smile glued across my face.

Writing code sounds miserable, life is too short to do that unless you are a prodigy. That being said, different strokes for different folks.

"For there is nothing either good or bad, but thinking makes it so."
 
Dingdong08:

I'd have bought a small bar on a Caribbean Island and be a bartender. I may still. I don't think it's necessary to say why.

Or the academic route and be a tenured philosophy professor. It would be great to get paid to think and talk shit all day long.

I've said this time and time again a propos the small-island bartender scenario. Similarly, I don't see it as necessary to explain why. Cheers to you buddy.
 
ramenmonkey1:

investment banker fo life

seriously if IB doesn't pan out for me, I have no clue where life will take me!

This was more or less the inspiration for the thread. I never thought about it before.

I knew there would be some funny answers on here, I like the people that have a list of like 5 ready to go. Lol.

Where's @DickFuld? He needs to come here and shit on my thread already.

 

Something that pays me to travel around the world while working less than 40 hours a week. Experiencing new cultures and places is fun, and so is meeting new people.

>Incoming Ash Ketchum, Pokemon Master >Literally a problem, solve for both X and Y, please and thank you. >Hugh Myron: "Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier"
 

My two passions outside of finance are basketball and fashion (well, not all fashion, just menswear). I'd love to work for an NBA team in some capacity. Being a GM would be cool, but even just being a video coordinator would be cool as well (that's how Eric Spoelstra got his start in the NBA). On the menswear side, I think being a buyer for one of the high-end department stores (Bergdorf Goodman, Barneys, Saks 5th Ave) would be sweet -- just traveling around the world to different mills and fashion houses and choosing what to stock in the store. I wouldn't want to be a tailor or a designer or anything along those lines. I know a bespoke tailor here in NYC who is Savile Row-trained and works 12 hours a day, 6 days a week for an ever-growing client base. That's not much better than IB hours.

 

Something along the lines of astronomy or biology... Or a complete different path and solely focus on being an athlete, preferably doing something like soccer or MMA.

As for explanations, I'm just fascinated by science in general and astronomy particularly gets me (blame mainly Neil DgT for this). And for the sports, I've always been doing them; I just absolutely love sports. Would be fun to take a professional career although you would have to sacrifice everything else due to the fierce competition.

"Suffer today and live the rest of your life as a champion!"
 
  1. First and foremost, I'd run my own business. This is actually something I'm pursuing while in school, and, if it picks up, may be what I do instead of finance.
  2. I suppose this is a variation of the former, but I would consider being a drug dealer, not even joking. I think I'd be able to create layers of power that could preclude any chance of getting caught, and the profit margins possible would make the risks worth it.
  3. I'd also like to go into politics, as a libertarian who leans right. I feel like my ideas, those of free markets and personal responsibly, really would benefit America, and I've been interested in politics since before high school.
  4. Professional poker player.
  5. Scuba diver or something near the ocean.
  6. I'd kind of like to just travel and then publish a review of places via Youtube and a blog.
 
Whgm45:

NBA GM - I had an offer to be an advance scout for the Knicks (scouting other NBA teams) or finance out of college and I chose the money. I don't regret my decision one bit, but it would've been cool being around basketball 24/7. It's always a fallback option.

Tell us more about the Knicks scouting gig. How?
 

National Geographic photographer. You get to travel the world and it generally seems like one of the less dangerous photojournalism gigs.

Or a museum curator. Sounds extremely nerdy and slow-paced, but after working in a loud, fast-paced environment I could think of nothing better than walking around a musuem all day by myself. I'm also a big history guy so I live for this shit.

Next stop: Flavortown!
 

From a pure fantasy standpoint? Formula 1 racing driver, fighter pilot (looked into it, but didn't have the vision), PGA golfer, owner/manager of a high-end car dealership group, or host of Top Gear (or something similar).

 

One of my friends from Highschool does this. Went into the Coast Guard and now he just Yachts all day long up the east coast and in Caribbean. Kid's dumb as a rock but damn he's living the dream.

 

I’d be a wilderness guide for an international guiding outfit. You get to travel a lot, and see things that most people will never see in their lifetimes.

"There's nothing you can do if you're too scared to try." - Nickel Creek
 

Engineering. Some sort of Biotech maybe

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
 

poker.

started playing casually with friends while in high school, then moved onto online/a little casino play in college. kind of had to give it up due to time constraints but if i had a lot of free time, would definitely love getting back into the game.

Sometimes lies are more dependable than the truth.
 

I honest and truly would go into Topiary....I was marveled by it as a child and wish I took it up and made a career from it. But money talks and bullshit jobs dont pay the bills.

Eventus stultorum magister.
 

Make spreadsheets of every one of my schools alumni who are in all the different industries which I could go in to and then cold call every single one of them, while upkeeping my spreadsheet meticulously.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 
seabird:
Make spreadsheets of every one of my schools alumni who are in all the different industries which I could go in to and then cold call every single one of them, while upkeeping my spreadsheet meticulously.

You and I think alike. I also maintain a massive spreadsheet to keep in touch with my contacts. :-)

"I am the hero of the story. I don't need to be saved."
 

Fly fishing guide or writer. Two activities that almost necessitate heavy drinking and transcendental perspective.

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
 
Tolland15:
Fly fishing guide or writer. Two activities that almost necessitate heavy drinking and transcendental perspective.

I like this a lot - same here.

Hey, you can do both - the thing about FFguide is money... I heard they don't make a lot... but you live a life of wilderness far aways from printers and cubicles...

"Whenever you feel like criticizing any one...just remember that all the people in this world haven't had the advantages that you've had." 'The Great Gatsby' - F. Scott Fitzgerald
 

Producer of an entertainment agency in East Asia. Do you have any idea the kind of revenue those cookie-cutter Korean popstars are pulling in right now?

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

If I wasn't doing finance, I'd have more time to do my girlfriend.

On a more serious note, 'though, I'd probably run my own set of supplement shops and maybe (quite possibly not due to too severe price-ruining competition from large branches) even a gym.

 

I'd be careful about talking for too long about outside interests like death metal during an interview. Perhaps the interviewer wants to be sure you are an interesting person, but you do not want to waste valuable time that could be used convincing the person that you can actually do the job you are applying for. I have interviewed kids who get so excited over a common interest that they think will give them a leg up that they talk way too long about it...20 minutes later im like "nice kid, but i have no idea whether he can do this job".

 

Voluptas libero at nihil iste aut. Dolorum nihil vitae omnis quaerat minus perspiciatis eos. Velit nam doloremque quas ea a. Facere accusantium facere quis rerum consequatur aut dolorem odio. Eius quia consequatur quae velit dolor molestiae. Doloremque in aliquid non incidunt recusandae possimus.

Beatae reprehenderit ducimus voluptatum error minus enim autem. Rerum recusandae necessitatibus id sint maxime et.

 

Voluptatem vel accusantium neque minima et impedit libero natus. Et non non deserunt ea asperiores aspernatur. Ducimus sapiente quia tempora veritatis nulla occaecati. Repudiandae nobis sunt aliquam.

Hic iure dolor explicabo voluptas exercitationem libero consequatur quo. Repellendus porro nesciunt ea illum libero ut. Repellendus voluptatem qui nulla qui magnam non vitae corporis. Cumque corrupti repudiandae aut dicta.

Nemo omnis culpa praesentium ea. Sed unde sit illum vitae labore soluta laudantium a. Voluptate molestiae dignissimos facere quia.

Error aliquam hic id asperiores et sint asperiores voluptatem. Recusandae sit libero voluptates ab. Sapiente explicabo quam ipsam. Rem omnis veritatis consequatur necessitatibus quam explicabo neque. Doloremque deserunt doloremque dolor quaerat placeat eligendi.

 

Inventore quae quo similique. Ipsam vel hic autem voluptatibus necessitatibus dolorem animi nisi. Minus aliquam error dicta culpa perferendis in tempora. Quo labore tempora quisquam voluptas quos ea autem.

Explicabo nihil molestiae eius hic et ut voluptatem. Ut vel culpa enim voluptas nemo beatae unde in. Tempore porro suscipit repudiandae libero sint minus ea. Et impedit voluptate sapiente laboriosam cum adipisci. Et laboriosam unde quis et minus illum qui facere.

Tempora optio error esse nostrum magnam impedit itaque. Et qui qui distinctio culpa reprehenderit harum. Voluptas et maiores dicta necessitatibus maxime aliquid.

Not everyone is meant to make a difference. But for me, the choice to lead an ordinary life is no longer an option.
 

Non dolores iusto reprehenderit. Aut est sit corrupti debitis ut.

Ut enim ut voluptatum aliquid. Ullam quas sit libero non porro omnis. Velit aut sunt accusamus et voluptatibus sit. Sed consequatur soluta non quos repellat libero.

Tenetur a ipsam error ullam soluta soluta officiis. Dolor voluptatem sed sit. Illum ab qui quam neque. Fuga aliquid qui nihil. Ad dolorum natus nemo qui.

 

Iure sed officiis aut odit repudiandae reiciendis. Qui quia quia pariatur molestiae ea nihil. Est eveniet eum quae doloribus quo autem. Culpa consequatur et architecto ipsam sed id placeat autem. Est ex porro repellendus perspiciatis ut. Beatae aspernatur velit aut blanditiis.

In numquam ut doloremque et. Amet quidem mollitia omnis eligendi. Consectetur sed aut earum dolores ex officiis ab. Non iste voluptatem dolore dolore distinctio.

Et adipisci voluptas et voluptatem labore voluptatem sit enim. Esse qui nostrum id ab. Rerum unde amet omnis nemo eos dolore. Laudantium culpa autem sit.

Adipisci omnis tempora non perferendis. Deleniti qui est eum. Et quo aut facere eos autem et tempore similique. Quia cumque dolorem aut qui nisi quo suscipit. Asperiores deleniti qui est.

 

Perferendis hic qui distinctio quam. Fuga consequatur alias amet dolorem voluptas. Autem consequatur nisi ut officia.

Qui magni sunt neque error et. Ad maiores velit necessitatibus ipsum voluptatem voluptatem deleniti.

Vero quo et minima doloremque tempore dolores pariatur. Molestias repellendus impedit aut exercitationem. Dolores adipisci saepe est corporis est in numquam. Illo ad asperiores veritatis sit repellat sed ex.

Quidem et corrupti qui dolores accusamus numquam. Quasi nobis possimus ut architecto. Accusamus provident eum saepe minus earum quisquam.

Not everyone is meant to make a difference. But for me, the choice to lead an ordinary life is no longer an option.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
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...”