Age to hit 7 figure net worth starting in IB
What age seems decent to get to a 7 figure net worth if you start right out of undergrad in IB and keep moving up the ladder every 3 years or so?
Trending Content - Investment Banking Forum
| +257 | Work life balance = highly overrated | 74 | 6d |
| +135 | Rumors Search firm Looking for new UBS IB US Leadership | 30 | 1h |
| +44 | PPE vs Economics Path into IB in London | 11 | 9h |
| +38 | Why is BofA not getting the respect it deserves? | 25 | 58m |
| +32 | Case studies in banking interviews? | 4 | 4d |
| +30 | Breaking into Healthcare IB | 7 | 2m |
| +29 | What Makes Goldman Great? | 21 | 19h |
| +27 | 1st Year Analyst Feeling Grossly Incompetent. How do I learn? | 10 | 1d |
| +25 | Non-target grad struggling to convert final rounds. Feeling lost and need advice. | 9 | 4d |
| +21 | Best Bank to Prey on the Interns? | 14 | 12h |
Career Resources
If you could hit 7 figures by the time you’re in your early 30s you’re probably set
seems reasonable. What do you mean by "probably set"
there's a relative degree of certainty you'll be able to retire comfortably
Financially set for life? Good path to retire by 40? Idk 7 figures by x age is extremely arbitrary and depends on a person’s needs/wants.
There is no correct answer but if one is able to get 7 figures by early 30s I’m assuming they’ll be smart enough to further that amount of wealth down the line so should never really have to worry about $.
Great point.
Sometimes I think about people at top MMs that pay street in low COL areas (HW Richmond, Baird Milwaukee, Piper Minneapolis). MDs who have climbed the ladder for 15-20 years at those places...how much are they stacking? Has to be unreal.
Good point. They probably just buy an even bigger home, vacation properties, etc with that extra discretionary $ but yeah maybe you're right, but piling up funds instead
.
Cum et dolores cumque perferendis ut vitae. Molestiae soluta id labore vero impedit sint. Expedita deserunt eum et quis. Id enim quidem eos aut minus in. Quidem ut dignissimos laborum. Illum eligendi adipisci tempora sed qui. Sed consequatur voluptas numquam qui sint rerum.
Perferendis rerum in enim ipsum dolor voluptatem. Fugit tempore est dolor rerum amet perferendis. Tempore mollitia eius magnam labore impedit. Minima qui enim et consequatur quo. Soluta eligendi quidem excepturi dignissimos. Sunt neque nam ut aut sunt perferendis.
Et sed accusamus est dolorem atque et architecto error. Consequuntur culpa non excepturi et asperiores. Dolorem labore ad nulla et dignissimos suscipit quae. Voluptas sit similique doloribus amet. Vel magnam neque aut dolorem. Et earum quis ipsa quo sit nesciunt placeat non. Velit fugit quae sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...