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the meaning of life
 

Leaving Banking. Fold.

anonymousman's picture
anonymousman
      IB
 
 
(Senior Gorilla, 789
 
Points)
 on 4/28/13 at 7:08pm
Stephen Ridley Fold

When I was in banking, I lost nearly £17,000 spread betting on the Goldman Sachs SEC trial. I lost another gut wrenching chunk of money in Vegas playing poker with the big boys. Sucks right? But "life is long, I'll win it back".

And so I went on, and yes, from time to time I also made healthy profits spread betting and gambling, if ever there was a difference. From time to time, I still dabble. The truth is I'd been gambling all the way through my late teens and through university, in fact more than half the draw to banking was the 'make a fast buck' appeal of it. The rush of free money, of free surplus, of sudden rockstar freedom.

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  • 34
     

Life after Investment Banking

anonymousman's picture
anonymousman
      IB
 
 
(Senior Gorilla, 789
 
Points)
 on 9/9/12 at 12:00pm
Stephen Ridley plays at a school

Like a majority of people who are on this website, I used to come on here and write bullshit about a life partly my own, partly fantasy. I'm now going to uncloak the anonymous man and tell you my story.

My name is Stephen Ridley. I graduated from a top tier British University with a First Class Honours Degree in Philosophy, Politics and Economics in 2010 and went straight into IBD at a top tier European Investment Bank, after interning there in 2009. I worked in the top team (on a revenue basis) for 16 months, before quitting in October 2011. I want to tell you about that experience, and about what has happened since then, about how I left the green to chase my dream. This will be blunt and honest. I do not mean to offend, quite the opposite, I hope to inspire! Again, this isn't an attack on those who choose to be bankers, it's just me sharing my experience together with the lessons I've learnt, and hopefully it speaks to a few people. If you look at the picture above you'll see a picture of what I do now. It's a little different from where I was 6 months ago!

Banking is fucking brutal. I knew this after my internship, but I didn't care. I wanted money. I wanted respect. I wanted to be a somebody in the eyes of myself and others. But most of all, I wanted money. Why? Because money is freedom. Money means I can wear what I want, live where I want, go where I want, eat what I want, be who I want. Money would make me happy. Right? Well... not exactly I'm afraid. In fact, money didn't seem to make any of the bankers happy. Not one person in the roughly 200 I got to know in banking were happy. Yet all earned multiples of the national average salary.

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