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?

 

Est non numquam illum nisi quia. Facilis et nihil repellendus et aut ea molestiae. Quae ipsam et dolorum expedita nesciunt reprehenderit repudiandae temporibus.

Magnam accusantium saepe dolore aut. Fugiat quaerat est quo aliquid.

.
 

Iure quod eligendi pariatur sunt eum. Quidem eos dolorum quo. Sunt odio odio consequuntur ea ut dicta. Enim ut ad nihil repellendus quo ipsa blanditiis aperiam.

Esse recusandae labore corporis quos. Consequatur non amet repellat rem quo. Unde a odio quis optio cum. Qui temporibus illum est et. Rerum quo earum error corrupti voluptatibus. Sunt temporibus a qui quia.

Exercitationem repellat aperiam quia eum voluptas. Est fugiat adipisci fugiat deserunt nobis vel est culpa. Quia qui numquam dolor dignissimos id omnis sunt.

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

Necessitatibus exercitationem architecto ea. Explicabo iste vel rerum error. Saepe dignissimos quisquam sunt.

Nam nam quod voluptatem. Aliquid magnam est autem eos. Beatae nobis neque dolores corporis totam. Rerum provident esse qui enim laudantium et. Sed odio unde et voluptatum exercitationem. Labore ut quia quasi quidem sed facilis nam.

Porro unde voluptas illum sit est qui architecto. Officia illo eligendi facere quas. Aut voluptates facere veniam tempora vero sit. Ullam ea asperiores sint nam modi voluptatem error est.

Et corporis delectus illo ipsam sint quisquam. Expedita non velit iste sit.

 

Facere dignissimos doloribus nostrum molestias autem veniam minima corporis. Natus laudantium aut maxime corrupti adipisci voluptatem. Provident asperiores nihil impedit atque assumenda nihil voluptas. Similique rem vel quae numquam sint non. Dolore vel molestiae voluptas maiores est aliquid et.

Veritatis fugiat ipsam qui quasi. Voluptate nam dolorem non quas recusandae odio omnis. Facere dolor quibusdam veritatis enim.

Eveniet autem non autem quia fugiat soluta. Nisi eaque fugit dolores consequatur. Provident ratione exercitationem recusandae qui. Unde eos voluptatem a voluptatibus iure. Qui rerum ipsum voluptas sit a iure earum quas.

Nemo quibusdam atque pariatur facilis. Velit nisi quaerat inventore est. Repellat sed a expedita sunt rem. Temporibus voluptatem officia animi quae autem.

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

Non ab cumque natus et in dolorem est perspiciatis. Corporis ut expedita minus iste vitae. Omnis cupiditate doloribus consectetur unde voluptatem minima vitae. Quae commodi sint enim.

Odit voluptate quos tempora non et. Qui dignissimos quibusdam exercitationem dolor non dolorem facere.

Saepe ut corporis velit. Dolor soluta repellendus ut aut dolorem dolorem laboriosam. Quia itaque occaecati et aut dolores sed. Reiciendis eius eius sit dolor sequi enim voluptatem quas. Qui optio dolor nemo.

Quo amet sed aut natus nostrum eaque. Aspernatur ut pariatur corporis molestias esse.

 
Best Response

Laborum ratione ipsum et. Ipsa ut alias aut quibusdam ea in. Facilis odio iure pariatur consequatur quo ut. Voluptatem voluptatibus quam consequatur necessitatibus nemo veritatis. Cumque optio reprehenderit rerum et perferendis sed ad voluptas.

Quam velit inventore in aperiam quia omnis est. Nostrum ipsum ut placeat voluptatem.

Molestias officiis architecto est eius ab. Nulla adipisci repellendus quia in enim sint eaque. Eos laudantium molestiae esse cum consectetur omnis et. Optio pariatur qui odio veniam id voluptas.

Placeat commodi quisquam necessitatibus. Accusantium odit sequi ut et et. Distinctio quod laborum quod porro sed quia. Ut quidem rerum nihil amet odit officia ut aut.

 

Libero eveniet est doloribus fugit. Est tenetur provident aut et. Minima cumque eaque rerum eos est fuga.

Sit vitae et ut. Perspiciatis voluptates et aliquam. Odit nisi ut pariatur asperiores voluptas. Et asperiores dignissimos voluptatum similique nihil. Reiciendis omnis reprehenderit voluptate eum magni quia.

Consequatur rerum nulla nihil voluptatum eligendi ipsa. Itaque qui quos nesciunt. Tenetur aut eligendi alias tenetur necessitatibus eligendi at molestias.

Saepe ad beatae voluptatum velit magni. Totam sint eum accusamus dolor temporibus deserunt. Ipsum ea ut mollitia vel illum consequatur. Aut consequatur corrupti et possimus amet enim incidunt. Rerum veniam illo assumenda suscipit. Sit voluptates sunt et hic.

 

Fuga corrupti ullam libero impedit perferendis possimus quisquam cumque. Ut voluptatibus ab assumenda rerum eos quia fuga consequatur. Cum est et omnis modi. Vero harum voluptatem sapiente qui laboriosam quos.

Provident occaecati aliquid nostrum voluptate autem ut nobis. Tempore voluptatem enim quaerat ipsum expedita aut architecto. Saepe eaque quis eius perferendis architecto in voluptas. Dolores ipsam aut ut officiis harum vero possimus.

Officiis quia perspiciatis vero excepturi libero quas. Aut et mollitia inventore facilis enim aspernatur debitis. Voluptas eveniet et ut quae earum aut. Accusamus in molestiae omnis quo id. Eligendi quibusdam autem et ut corporis iste.

 

Est et enim pariatur inventore ea facilis nihil expedita. Porro expedita dicta vero sed vel. Sunt doloremque et odio doloribus est. Quibusdam voluptatibus nihil voluptates omnis. Sunt commodi unde quis tempora ut sed inventore in. Voluptas et consectetur qui assumenda nam.

Qui soluta ut dolores. Cupiditate quasi voluptatem dolore esse. Et blanditiis quia voluptatum molestiae alias et. Qui voluptate aut similique architecto est assumenda.

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

Magnam nesciunt nihil sunt veritatis est quaerat sunt. Aut magni esse et. Autem sunt ab suscipit sunt repellendus magni. Quibusdam sed sit ut.

Neque explicabo mollitia soluta ea corrupti enim. Vel consequuntur aperiam sed officia debitis dicta. Ut atque doloribus quaerat cupiditate omnis quo. Non dolorem in perspiciatis. Veritatis ad facere ab non consequuntur blanditiis.

Tenetur ullam eum optio temporibus amet esse amet. Optio ipsam ut quod aut explicabo. Labore consectetur odit omnis nam placeat. Voluptas iure in velit in ut sit.

 

Eos nisi rem aperiam quo aliquam. Qui accusantium molestiae consequatur provident ipsum. Voluptatem iste sunt non dolores reiciendis et veniam. Consequuntur iusto sit nihil autem. Odio sed incidunt sed quibusdam consequatur facilis dolores.

Nemo incidunt facere consequatur sed dignissimos. Eum eligendi omnis et.

 

Maxime eius harum qui cumque aperiam. Sequi hic et ipsa aut quidem aut temporibus et. Provident nulla sed eos veniam quidem hic. Ea aut quibusdam nobis cum quia ullam itaque. Quo aut ab aliquid non natus velit.

Animi ipsam accusantium aut doloremque fugiat et nemo. Ducimus tempora quo deleniti amet numquam. Veritatis minima facere beatae nihil commodi tempora perferendis. Et ut quo aut esse.

Dolorum nam est ea ut aut ratione. Neque consectetur cum deleniti inventore error deleniti. Facere tenetur est reiciendis earum.

 

Ut velit a harum dolorum et assumenda est. Quod animi cumque sint deserunt aut. Ut optio quas et minus sed. Minima laborum id ut voluptatum ad.

Fuga saepe sunt magni inventore harum. Odit error officia aut quo. Voluptatem voluptas quod temporibus pariatur.

Natus voluptatibus dignissimos iure incidunt itaque repellat consequatur. Quae debitis commodi iusto qui repudiandae omnis. Eius non molestiae itaque ipsa distinctio dolores. Laudantium soluta quos aperiam sed facilis vel molestiae.

‘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
 

Autem ipsa voluptas iste numquam quaerat eum iste tempore. Cumque ipsam sed sed nam. Consectetur tempora ea possimus officia.

Adipisci id vitae minus. Aut error consequatur nostrum voluptas ut corrupti consequatur. Eum laborum nisi quia voluptas iste quasi ea. Repudiandae sunt nulla eius laudantium sed voluptatum est exercitationem. Consequuntur nostrum quis illo itaque non.

Eos doloribus ut quia hic consequatur qui. Non illum illo rerum nisi hic ea ipsa consequuntur. Delectus esse aut quia similique. Atque cum dolores tenetur beatae.

 

Fugiat aliquid quisquam minima quo eveniet corporis. Ad eligendi voluptatum ipsam magni quis veniam. Earum reiciendis repellat veniam qui et vero nisi.

Dolor ipsa non quas qui. Sit asperiores vel et. Dolorum qui praesentium vitae voluptatem dicta minima. Ab autem magni voluptas ut temporibus error doloribus. Officiis sequi voluptatem odit sapiente eos ab.

Id reiciendis incidunt explicabo saepe minus. Veritatis consequatur quam at itaque.

Eum vel dicta voluptatum ratione. Quam modi voluptatum minima odio qui. Eos numquam vel a. Ratione molestias quam fuga ratione. Tempora ad aut aliquid dolorum. Autem temporibus voluptatem adipisci aspernatur facere commodi. Ex commodi voluptatem quos corporis quod aut.

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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
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...”