Disclaimer - I love my job, but man comp is lagging…Went to a top Ivy and now work in ER.I just met with a CFO who's 33 from some generic state school (90% acceptance rate) -> MS IB for two years -> did something else -> became CFO of a publicly traded company at 28 and is banking a cool $10 million in all in salaryNot saying he's not smart, but man…
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Comparison is the thief of joy
I now know what that means
Well said.
Maybe - I repeat MAYBE - you relied too much into your Ivy degree to do all the work on your behalf instead of putting real time and effort to develop yourself and find better opportunities out there (as our CFO friend did)? Just sayin'...
Anyway, great post to realize that Ivy vs. non-target means nothing in life. The only thing that matters is the person behind the degree.
My guy it’s my first year on the job and out of school… I’m not saying he’s not deserving of it
then why would you compare yourself with someone 10 years ahead of you? smh
anyway, as I said, your career will lead you wherever you decide to lead it. If your current role, long-term, doesn't fulfill your long-term expectations, then strategically plan to jump into something else. I don't adhere to the defeated mindset that kbansan7 encourages. I adhere to planning and take aggressive action towards accomplishing whatever goal I've set my mind to.
What did he do after IB? Did he go to b school or PE?
Growth equity so i guess that's like VC
Man with that type of pedigreed background, you're owed a CEO title and minimum $6m payday. That bum Zuck didnt even finish his degree and hes worth billions, imagine what you're worth! Go get yours superstar
CFO of a publicly traded company 28 making $10 million a year? Am I the only person that thinks this is a troll post? There are CEOs of prominent F500 companies making about that much.
Nah man I looked it up - most of it was in stock options
Wait a minute. Do you honestly believe that since you went to an ivy league that means you are somehow better than this guy that went to a state school?
Shows how little you've lived in the real world bud...
Bro no… idk why I’m being made the villain
So then why did you word it the way that you did?
"Some generic state school" and then included their high acceptance rate.
You weren't negatively speaking about where he went to school?
Are you high comparing yourself to a guy 10 years older than you?
What’s his name? You say his comp is public and he works for a public company
.
This is honestly overrated except for the comp. My philosophy is that any (finance) job your parents would know of, is overrated. You gotta do those jobs that Main Street doesn't know of - buyout MD at KKR, quant developer at Man Group, momentum researcher at AQR, distressed at Oaktree or even IB MD. Those feel way better and sicker than Main Street-familiar jobs like CFO of whatever. The jobs that your grandma would know, somehow all have this non-target vibe that doesn't aroma well in the tongue
Lol
Yes
There are very few CFO openings and even fewer that pay 8 figures. You didn't choose the wrong career just because some other dude won the equivalent of the lotto...
Pivot to HF twin
Not sure why you're putting so much emphasis on his 90% acceptance rate school.
What you kids nowadays need to understand is school is arbitrary now. Target school just means you paid $300k for slightly better interview opportunities.
On another note he did 2 years at MS IB, clearly he started in a way better position than someone who had to settle with ER because they failed recruiting.
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