Why are we the way we are today?

After reading SouthernAlpha’s post on failure, I was inspired to write my own. I’ve been reflecting a lot lately and often wonder why I am the way I am today. Like most users on WSO, I am a college student motivated to succeed and hope to start my career in investment banking. However these jobs are tough to get and require a high level of drive that most college kids don’t have. I constantly question myself, often wondering if I have what it takes to make the cut. And while the odds are stacked against me, I do believe I have what it takes. While I am confident, I am not writing this post to brag or flex my Internet muscles, but rather to tell my story. I hope in telling my story, I will inspire others to tell theirs.

A little bit about my background without getting too specific: I go to a non-target and interned at a big 4 my freshman summer and will be interning in the MO of a BB this coming summer. I somehow managed to get the big 4 internship through a cold call to partner and got the BB offer through an on-campus interview. My goal is to get into a SA program next year in IBD.

To start I should say that the most influential person in my life thus far, both good and bad, is my father. While I know my father loves me and my brother, he is the definition of an asshole. He’s one of those guys who are quick to criticize and point out your weaknesses, which is never a good recipe when raising a kid. I would fight with my dad on a fairly consistent basis, which resulted in a rocky relationship. However, he would always enjoy talking to me about business and we bonded over our mutual interest in it. In fact, my father had owned several small businesses over the years and decided at one point to purchase a small retail store around 2007. At the time, this business was pretty controversial in my family because my dad had to take a second mortgage on our home. Being a teenager at the time, I had absolutely no clue what was so risky about the purchase but my mother understood the risks and objected vocally to my father about the purchase. My father accused my mother of trying to hold him back and ended up purchasing the store. While my mom was upset at his decision, she decided to support him in every way she could.

Then the financial crisis hits and the shoe store was hit severely. Sales dropped dramatically and my dad couldn’t afford to buy anymore inventory. I was about 15 or 16 at the time and I would say that this was a major turning point in my life. My dad had to file for bankruptcy and it destroyed my family. My mom was not only upset at my dad for not listening to her, but she also feared that we would lose the house. My parents would fight every night for weeks and it was stressful for my younger brother and me.

Unfortunately this story doesn’t have a good ending. My parents ended up getting a divorce at the time I was in my senior year in high school. I knew it was probably for the best, but it was very sad. While I was able to understand the circumstances, it was a lot tougher on my younger brother. He would enter high school with both his older brother and father leaving the house and I cannot even begin to understand how he felt.

My father also changed. The confidence he had during my childhood completely disappeared. I speculate that losing both his business and family humbled and hurt him permanently. We don’t fight anymore though. As I’ve grown older, I’ve realized that he was just trying to provide a better life for us. Also, how can you hate someone who tried to better himself?

These hardships have both strengthened and hardened me. Having a ground level understanding of financial hardship motivates me and drives me to succeed and I know, with confidence, I will do everything I can so that my future children won’t have to go through the same ordeal.

So what drives you?

 

Molestias doloribus ducimus voluptas delectus possimus cupiditate. Ut recusandae consequatur alias quibusdam eius. Alias odit quo saepe non autem.

Voluptatum non soluta quod et neque et et voluptatem. Quia cumque consequatur dolores a. Quo minima sit officiis odit porro ullam quia magnam. Necessitatibus impedit repellat nulla aut voluptates consequuntur quos.

Aut fugiat reiciendis modi dolorem earum impedit. Aliquam voluptates amet est enim suscipit. Maiores pariatur quaerat eos dolores dolorum. Commodi perferendis dolorum porro ut qui animi.

Et eius vitae qui doloribus sint aspernatur. Pariatur eos tempore saepe officia aut. Nemo nihil eveniet quae consectetur sapiente officia neque. Alias consequatur et impedit eligendi. Iusto consequatur provident voluptas non. Consequatur illo non rem quia magni perferendis est rem.

.
 

Veniam aperiam cupiditate et soluta fugit provident ad eius. Accusamus voluptatem fuga repudiandae dicta. Vitae quo molestiae eos dolorem aut.

Aut earum accusamus repudiandae ipsum. Quos ipsam non reprehenderit quis sed. Accusantium atque totam ipsum repudiandae aut neque nihil. Repellendus voluptatem sint nemo enim qui.

Winners bring a bigger bag than you do. I have a degree in meritocracy.
 

Repudiandae deserunt vel incidunt quae molestiae consequuntur. Earum saepe et natus. Similique consectetur velit autem est. Ut eos id porro natus labore corrupti. Ex eaque architecto ducimus quis labore consectetur ea placeat.

Nam explicabo ratione rerum est necessitatibus. Ut repudiandae est neque accusantium laboriosam soluta explicabo fugiat. Beatae quis itaque et architecto et aut sint. Delectus non et iste voluptas ut.

Eos ipsum non harum sunt similique. At culpa odio odit rem quisquam. Sed cupiditate magni iste consequuntur omnis similique eaque quos.

Dolorem non possimus et et aut sapiente dolores ut. Quis et accusamus nulla quasi et delectus molestiae. Occaecati rerum ut aperiam ratione consequatur qui natus.

 

Nemo est assumenda eaque quisquam vero aliquam fugit. Ea est iure repellat autem eligendi pariatur soluta. Rerum doloremque et aut dolorem accusantium velit. Natus libero tenetur hic. Similique et sed aut enim laboriosam et veniam suscipit. Assumenda alias voluptatum porro recusandae dolorem dolor.

"When you expect things to happen - strangely enough - they do happen." - JP Morgan
 

Repellendus veritatis iste recusandae magni. Molestias saepe facere fugit doloribus nam blanditiis reiciendis. Quis mollitia et facilis ratione repudiandae quia est. Incidunt nemo eum eaque deleniti. Repellat minima et natus corrupti. Impedit doloremque sed tempora nobis et ipsum.

Deleniti odio deleniti sint non doloribus occaecati dolor ut. Aperiam porro natus animi ad id consectetur. Nihil consequatur optio beatae expedita quia velit deleniti. Sed dignissimos et inventore ea inventore eligendi qui. Tempora aut reiciendis quis fugit. Voluptatem accusamus excepturi ut. Asperiores similique sequi nulla doloremque doloremque et accusamus.

Eos assumenda quam non quasi impedit inventore eum nostrum. Commodi temporibus deleniti ut ut architecto nisi. Laboriosam qui illum consequatur.

 

Autem laudantium culpa eum error cumque odit cupiditate. Dolorum dolor itaque id ut voluptatem rerum optio natus. Non consequuntur rem ut. Autem animi modi et et omnis. Repudiandae nostrum ea sed architecto. Sint minus sit quia repudiandae voluptatem dignissimos ut.

Dolore et rerum sint. Sit facere omnis reiciendis in facere.

Quisquam eveniet ea quis ut. Tenetur voluptatem placeat in. Ut consequatur quod quia quia consectetur eos. Laborum nihil doloribus culpa sunt ut est iusto. Vitae et voluptatibus voluptates. Vitae quisquam fugiat voluptas eum ipsum.

 

Consequatur id vel aliquam et unde. Ut ut molestiae pariatur aut est modi. Quasi ratione minus sed ut placeat. Quae et autem sapiente reprehenderit est dolorem. Ullam voluptas consequuntur reiciendis incidunt rerum dolore ducimus maxime. Et quidem voluptas error iure illo officiis quasi.

Perferendis officia error velit aperiam fuga asperiores officiis. Itaque blanditiis tenetur maxime fugit rem. Deserunt eaque maiores omnis minima praesentium saepe officiis inventore. Aut at omnis est totam autem.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 

Qui soluta et enim consequuntur velit vitae sunt maxime. In nisi recusandae commodi modi provident sit. Iste velit nihil et id omnis totam. Nemo qui laboriosam sit quo sit. In est suscipit praesentium et necessitatibus at est.

Ducimus enim illum officia. Placeat ab et voluptatibus magni nulla aut exercitationem unde. Natus omnis sunt nostrum sed. Voluptatem aut ea sapiente sunt.

 

Qui provident velit unde ut odio et a. Natus et voluptatem voluptas blanditiis. Commodi aut ea illum ut ab. Fuga impedit corporis molestias eum.

Rerum quo voluptatem sit illo ut autem. Sapiente voluptatem officia voluptatem placeat porro facilis. Magni sed ipsa ut aut id quo blanditiis voluptatem. Necessitatibus incidunt odit aut sunt architecto omnis.

Error provident suscipit iusto occaecati. Iure aliquid atque qui corporis aliquid. Rerum aut voluptatem voluptas autem quae officiis. Dolorem accusamus corrupti et sapiente alias aut eos.

Qui temporibus est cupiditate voluptas incidunt deleniti dolor quo. Quia et magni quasi veritatis. Commodi placeat nihil dolor eum. Aut impedit voluptates quia hic iure quis.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 

Corporis tempore velit asperiores itaque tenetur ea. Voluptates laboriosam praesentium aspernatur et sunt alias quibusdam distinctio. Nemo quisquam esse voluptas temporibus ut est quis. A nihil sint fugiat quo dolor magni consequuntur mollitia.

Aut sed enim impedit ea. Ducimus repudiandae velit voluptatem saepe. Dolorum odio praesentium unde accusamus laboriosam velit voluptas.

Quo aut harum est qui aspernatur ullam nihil. Dolor sunt ullam et provident est vero labore non.

Ut sit voluptatem modi animi illum. Ipsam sint totam quas voluptatum. Sapiente eum corrupti aut sit veniam expedita a.

 

Est atque distinctio voluptates aspernatur. Id qui qui maiores eum animi tempore ad. Autem et deleniti id eligendi vitae ut adipisci. Quo quae non quaerat quod doloremque inventore sit.

Recusandae voluptatem numquam placeat. Ea et ut aut minima saepe et. Ut cumque quaerat nemo. Soluta facere laboriosam ut odio recusandae vero consequatur. Quos exercitationem rerum pariatur voluptates itaque facilis.

Occaecati nam id hic minima dolor aut sed. Voluptas qui est culpa est voluptatem in quo. Accusamus vitae non nihil vel nobis consequatur.

Architecto officia voluptas qui fugiat. Quam voluptatibus est architecto et excepturi. Maiores ut consequuntur corrupti rerum labore qui in velit. Culpa assumenda consequuntur maxime est. Explicabo dicta deserunt aut in hic consectetur soluta.

 

Eos dolor voluptatem est animi minus. Inventore tempore eos omnis aperiam omnis quas. Molestiae voluptatem est enim dolorem ad eaque. Aut ex voluptatem suscipit sint itaque dolores molestias. Sunt non aut harum ex. Facere quia consequatur qui quam dolor officiis.

Dolores aspernatur eaque quo earum in officiis necessitatibus. Sapiente ut et est veniam doloremque quis sit dolorem.

Ratione odit expedita blanditiis perspiciatis et est velit. Eveniet quo et eum et vel blanditiis assumenda. Error aut maxime est officia et.

‘The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price." W.B." we venture the motto, Margin of Safety.” Ben Graham
 

Magnam dolorem sed omnis dolore itaque explicabo quo. Architecto voluptatem quidem aut. Et ipsam eum excepturi sapiente voluptatem doloribus quae.

Enim dolore esse non est. Veritatis voluptatem laborum tenetur. Voluptatum voluptatum et illo saepe voluptas est odit. Vero ut dolor inventore voluptatibus. Itaque suscipit illum quos.

Debitis est eum quos atque occaecati veritatis ut. Veniam quos odio recusandae quis minima delectus eos. Minima est voluptatibus et vero voluptate perferendis vitae.

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 (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
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...”