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wsib1's picture

Where do those who failed to become an investment banker go

I'm sure some of you here have seen friends who have failed to become an investment banker.. either failing to get a job as an analyst or got kicked out after they became an analyst/associate.. may I know where do these people go? Do they go to other parts of the industry.. does that mean that they'll earn significantly less? Are they not even in the banking industry.. taking 10 per hour jobs? what do they do..?

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brinkman's picture

second dumbest fucking post

second dumbest fucking post ever...

CNI's picture

UNC chapel hill

UNC chapel hill

Hollywood's picture

suicide/mcdonalds are the

suicide/mcdonalds are the two most popular options...

wsib1's picture

i don see anything wrong

i don see anything wrong with this post..` once an i**** says this is a dumb post, everyone says the same

joefish's picture

may you know? no, you may

may you know?

no, you may not

C.R.E.A.M.'s picture

big4 accounting Cash, Rules,

big4 accounting

Cash, Rules, Everything, Around, Me
C.R.E.A.M.
Get the money
Dollar, dollar bill y'all

jman's picture

.....

wsib1 wrote:

i don see anything wrong with this post..` once an i**** says this is a dumb post, everyone says the same

if you don't see anything wrong with this post, then you are an asshole. refer to the first post of this thread "what do they do? 10 per hour jobs?" 10 dollars per hour jobs? You mean like working at costco? So in your mind it's either costo or goldman?

what the fuck do you think 99% of the rest of the population do? die off from inferiority?

ssafi's picture

hahaha

Hollywood wrote:

suicide/mcdonalds are the two most popular options...

hahaha....LOL

WxOnWallStreet's picture

CREAM, is there anyone that

CREAM, is there anyone that doesn't end up in big 4 accounting? You've already sent short people and once-was/never-was I-bankers there. Guess they will save money on headhunters and other recruiting efforts considering they will be overwhelmed with applicants at this rate.

big unit's picture

the original post is dumb as

the original post is dumb as shit.

You go into a less well known bank, less successful hedge fund, or corp. finance or dev.

You have tons of options, and will likely make at least six digits in any of them after 2 years IB and business school

Gorilla Whale's picture

trolls

they find bridges to live under and become trolls, happened to a good friend of mine.

mark klein MD's picture

They generally end up living

They generally end up living lives of mediocrity and earning a laughable salary all the way through to retirement. Remember Monkey Business: the guys who own those big houses on the water in Greenwich are investment bankers.
_______________________________________
http://www.drmarkklein.blogspot.com/

Oconnor's picture

lol

Gorilla Whale wrote:

they find bridges to live under and become trolls, happened to a good friend of mine.

that quite literally made me laugh out loud...

Though to be honest I can be sympathetic with the post, before I started I had this all or nothing mentality but now I realise it's just a job, one with significant downsides as well as upsides

globaldealmaker's picture

agree

agree

bmwhype's picture

a

CNI wrote:

UNC chapel hill

LOL

canadian's picture

they disappear into an abyss

they disappear into an abyss

Salam Shpekov's picture

They live very happy lives

They live very happy lives and pursue something they actually enjoy and not just for the money (i.e me and law school)

vandeja1's picture

Yeah, terribly worded

Yeah, terribly worded question and the op is a moron for the $10 an hour comment. But, this is a legit question.

I will admit I was in corp fin and then a boutique IB that went bust. I am now in finance at a F500. It is a good gig and allows me to pursue other interests. It's amazing how much happier I am not being beaten down at work every day. That being said m&a is still a huge interest of mine and I'd like to be working in that capacity somehow down the road.

rwhite500's picture

what the hell

what the hell is that supposed to mean?

joefish's picture

do shut up

rwhite500 wrote:

what the hell is that supposed to mean?

and stop posting just for the sake of it, WSO could do with less users like you

Drama's picture

i failed to be a i banker

i failed to be a i banker and now im a hedge fund analyst

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http://modernyuppie.blogspot.com/
The musings and antics of a Meathead College Wrestler Turned Asset Backed Securities Trader.

rwhite500's picture

here's what i tried

bmwhype wrote:
CNI wrote:

UNC chapel hill

LOL

here's what i tried to write. what the hell is that supposed to mean anyway? you're bashing unc because it's not an ivy league school?

Gorilla Whale's picture

well, in the defense of the

well, in the defense of the op, investment banking as an analyst is close enough to a 10 an hour job for his confusion to be justified

CNI's picture

chill

chill out Rwhite, that's not what I'm doing. My school is known to have a small little rivalry with UNC. You might've heard about it.

rwhite500's picture

Didn't know that you went to

Didn't know that you went to duke. Most everything I've seen written on here about my school is bad just because it's not an ivy league, which is ridiculous because plenty of kids leave Kenan-Flagler and go into IB, even to BB's.

bluedevil6's picture

Someone's insecure...

rwhite500 wrote:

Didn't know that you went to duke. Most everything I've seen written on here about my school is bad just because it's not an ivy league, which is ridiculous because plenty of kids leave Kenan-Flagler and go into IB, even to BB's.

Someone's insecure...

ghosht's picture

Salam

Good for you my man. I am looking for my exit as well. At the end of the day, it is the pursuit of happiness, right? And a lot of things IB might be, it does not bring happiness (i.e to normal people, I hate those f*kers who seem born to take it up the butty and have a huge sh*t eating grin while they get a new ahole ripped by some insecure VP in danger of losing his job and therefore eager to 'add value'.

sorry for the rant people, my post probably was not a whole lot of 'value added', but I guess I should get used to that being around so many bankers all the time.

(* its just been a bad day, and this is the best I could do, other than actually jabbing a pencil into someone.)