Career banking?
Everyone on WSO wants a bank and group that'll maximize options to exit into PE/HF.
But if you're staying in IB, wtf is the point of going to a sweatshop like MS M&A that has 100+ hour workweeks over a MM firm that has great pay and chill hours? It's not like MS M&A even pays more than MM firms.
I know many middle market banks that pay just as well or even better than the street. My buddy works in the RX group of a MM firm and raked in high 100s as an analyst working 50 hours a week.
Because it’s not just a 2 year commitment…a group like MS M&A sets you up for the rest of your life. You can exit to any buy side fund you want (which you certainly can’t do at a MM, and even most BB groups). You do the 100 hour weeks for a year or two, and then you can do whatever the fuck you want. That’s why people love EB’s too, sure it’s a grind, but they exit remarkably well.
Did you....read the title of the thread? Or the post?
I don't think that's true bro. You think simply joining an IB group will "set your life up" ??? That’s like saying attending Harvard will “make you set for your life.” Just cause you went to a good school doesn’t mean you’ll be successful, and just because you went to a shitty school doesn’t mean you won’t be successful. The richest guy I know personally (100 million+ net worth) went to a crappy school. You can say joining MS M&A will HELP you join PE funds, but once you make it to a PE fund, the banking background literally doesn’t matter and it’s up to the individual to progress and hopefully make it to MD in PE which is a different skillset from being a good analyst. And anyways the question was specifically about career banking
Way more interesting / larger deals, higher bonus, and exits at the top once ur done w banking career
Bro I said if you intend to stay in IB long term so exits aren’t relevant. In terms of pay, MMs actually probably pay the same or more as BBs
Nah nah bro. I get it, but even if you don’t plan on exiting, you gotta think about the EXITS bro. And EBs offer the sexiest, most exit-iest of exits my guy. One of my buddies ENTERED an EB and then EXITED right out the front door, straight to the best exit. Although you plan on being a career banker, you need to think about finding the exit with the most exits, and preferably those exits have even more exits. Exitponential exits bro, it’s all that matters.
Fucking hell, can nobody read the original post and not realize this guy doesn’t give a shit about exits?Some of you need to exit to an English class.
When your exits have exits, you know that EB is paradise.
Bump
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