Analyst Classes 25 Years Later?
I know that this forum is (for obvious reasons) very heavily focused on people at the start of their career, but I've always been curious: what happens to people after their first exit?
For those of you who are further out in your career (>10 years since college graduation), what are the people from your analyst class doing nowadays? How many people are still in "high finance"? More interestingly, how many people are still with their first spouse (if applicable)?
Bump
I have a few older friends who started out in finance before me. My initial "guess" without having numbers:
- around 70-80% are still in finance, even if they are no longer at the bank they started at
- some (few) started their own companies or inherited a company from their family
- the rest works in other fields, although I can't see a focus on one, specific area. i can see a few people in insurance and general management roles in industry.
can't comment on the divorce topic, sorry
At my mid BB, I looked at recruiting slides from mid 2000s with analyst names and there is a surprisingly high amount of analysts that are now in high up IB/buyside positions (some name brand, some not).
I'm >10Y but not much greater.
Of the ones I'm still in touch with most are still in high finance (I'd say of those still in finance about 60% buyside - a lot to PEs of all shapes and sizes, but a couple to HFs or RE or the like). Some have moved on to what might be considered more relaxed finance-related roles (risk / review functions, CB), mostly for the WLB. I heard (unverified) that one went to join the priesthood but again, unconfirmed.
Most of the ones I'm in touch with are actually engaged / recently married / about to have kids / have young kids. That's just the nature of our ages - no divorces yet and hopefully stays that way.
I'll sign off with a big mistake I made - make friends or at least keep in touch with all of them. I mostly kept to my "clique" but you don't know where people end up. The shy / dorky one might end up at a fund that owns an asset you're pitching for the sellside of (or vice versa - if you move to a fund and they happen to be the bank close to the owner of an asset your fund is super hot on, it's great to ge the intel on which other funds are hot). And it might not be right away, but a couple of career moves by either of you.
The real exit opp. is eternal salvation
Just wanted to say thanks for your continued insights on the forum count waccula they are always of great quality
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