Career in IB before having a family
I’m about to enter BB as an analyst and trying to figure out what type of career I want. I know I don’t want marriage or kids anytime remotely soon. Everyone in my family has married and had kids relatively late in life. Realistically, I don’t want children until I’m ~40. Would definitely expect to marry a younger woman. Would there be any flaw in my logic to grind for 20ish years in IB, save money by having no family and allow that money to compound so then I could exit IB in my early to mid 40s when I am ready for a family? It seems like IB careers harm family life and family life makes you resent your IB career. So why not just make your money and then focus on your family?
You generally have more flexibility as you get more senior. MDs where I work generally are remote pretty often and may WFH 2-4 days/week. It’s a solid plan and you can always move to more lifestyle friendly roles and firms eg corp dev, lower MM PE, some banks have phenomenal WLB especially regional boutiques assuming you can originate.
One last thing to consider, IB comp is heavily backend loaded an MD is making 10-20x what an analyst does. If this is your plan do not go to NYC or SF. You’ll want a lower COL to maximize what’s save.
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