For all the IB vets out there, what's the coolest/most unique exit opportunity you've seen a peer or colleague pursue? How'd it worked out for them? Did they start the next SpaceX or get elected to Congress or something?
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Heard about this VP at a BB that worked on a deal with a big media company and quickly became their CFO which is pretty cool. Also have heard about Netflix M&A.
This happens quite a bit LMM or a least I have seen it enough in my tenure to say this happens more than I expected.
It happens in lending too. Some clients offer to hire the lenders/analysts they work with.
The guy who created dudewipes works at DB i think haha
analyst in my group left during his second year to join the navy seals
That's so sick
What?how?
deal team --> seal team
I'm here for this exit
Navy Deals (Shipping fund) --> Navy Seals
Financial Sponsors group at a BB?
any insight on if he made it
Friend’s older brother worked at a BB for like 8 months and then went back to play soccer. Played USL for a few seasons and is on an MLS roster now. He played soccer in college though.
I think you would get paid more at the BB than in the MLS.
You would probably get paid more at Tobin than playing pro soccer in the US lol. I guess you do it for the love of the game.
Girl in my team left to create her own brand of designer bags, she now sells at harrods. Thought it was quite unique and she does very well.
That's amazing! Literally my dream job. Idk if I'll ever have the courage to leave IB (I just started) or any other "good" job to start from scratch and do something on my own. Do you know more about her background, how she started her line and how it's doing now. Also is she based in NY? Would love to know!
Don’t know more than that - she was few analyst classes above me (believe around 2012~) but the team head told me about her as he had met her few days days before our discussion in Harvey Nichols (luxury department store in London). She is London based apparently and worked in London.
Guy I know went to play professional football as a QB, then did UMM PE, then had another stint in one of the minor league football team, and went to an EB.
Just google Steve Bannon
While not easy to get elected, this is not impressive to me. If you've met and spent time with any members of Congress, particularly Reps in the House, you'll know what I mean. They may know little about a multitude of topics, but lack depth and intellect.
Excuse me, have you heard of Alexandria ocasio Cortez. Take this back
It's embarrassing that bimbo came from my school...
Ayyyyy! Yaaaaas!! I can not wait until she becomes POTUS!
.
Lyin' Ted isn't even the smartest one in his own house
Lmao dude stfu
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Rick Rescorla went from being a paratrooper in the British Army, to a detective in the Rhodesian police, to a captain in the London Metropolitan Police, to a captain in the US Army, served in Vietnam, earned a Purple Heart, went to law school, and then joined Morgan Stanley.
Sounds like Rick Rescorla fucks
.
You forgot to mention that he died during the 9/11 attacks, but only after evacuating nearly 3,000 Morgan Stanley employees. He actually anticipated the attacks and had put comprehensive procedures in place that ended up saving many, many lives. A true American hero.
Nice
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Andrew Friedman was an analyst at Bear Stearns from 1999–2002, and then was an associate at MidMark Capital from 2002-04. He met the owner of the Tampa Bay Rays in 03, and dude hired Friedman as Director of Baseball Development just cause they had similar ideas about the game. Then, he became GM in 05 at 28, and in 2014 was hired as President of Baseball Operations for LA Dodgers. Pretty sick if you ask me
HSBC trader to football director: https://www.yorkshirepost.co.uk/news/manhattan-football-management-ex-i…;
Look up Maurizio Sarri
Used to work for Montepaschi as a banker
If I end up getting this role at Brazzers I'll have to revisit this thread
This probably doesn't count as an exit, but I found a guy on Reddit who got fired and went to do standup comedy. He did a bit about it too if anybody wants to watch it
A short-lived career in ops
UBS TMT IB
Ed Woodward, JPM IB to CEO of Manchester United after advising the Glazer family's acquisition
look how he's doing now
Yeah he’s bottled that one pretty hard...ManU heading towards mid-table...
Most bankers make (a) shit managers and (b) shit operators...both vital skillsets for managing a club
Aged well
jeff bezos left banking and made more money than god
Bezos never worked in banking. He held a technical role at DE Shaw, a quant hedge fund.
He worked at Banker's Trust from 1988-1990
https://en.wikipedia.org/wiki/Jeff_Bezos#Early_career
Oxford PPE -> GS IBD -> HF -> marrying a Billionaire’s daughter -> GSB MBA -> HF -> Politician -> Chancellor of the Exchequer -> Prime Minister (?)
https://en.wikipedia.org/wiki/Rishi_Sunak
His political views are retarded but I would vote for him purely out of respect
Not just any hedge fund but TCI as well...
For a split second I read "executioner". That would make for quite an exit
Lincoln College gang
Apparently after working at GS from 2001-2004 he then made partner at TCI in Sep 2006. How is that timeline possible? He made partner within 5 years of graduating Oxford???
Maybe they inflate titles like VC firms and wasn't a partner in the traditional sense.
“Like all the investment team, Mr Sunak was a partner at TCI. He was, however, among the most junior analysts at the firm, said individuals familiar with the fund.”
https://amp.ft.com/content/da662f74-5a25-11ea-a528-dd0f971febbc
out of interest, what don't you like about his political views?
Have seen some people exit into roles for sports teams or entertainment companies. Seems pretty sick.
Roles for sports teams as in like corp strat / dev or are you referring to something else?
Yeah like corp strat. Or a strat/investments role at a company that owns sports teams, like Kraft Group or MSG
Ed Woodward worked for JP Morgan in the mergers and acquisitions department as an investment banker. In 2005, Woodward advised Malcolm Glazer and the Glazer family during its successful takeover of Manchester United. The Glazer family then recruited Woodward to join the club in a "financial planning" role. In 2020 Ed Woodward is now the executive vice chairman of Manchester United. God tier level exit!
On a side note losing 6-1 to Tottenham LOL
You forgot to mention that he’s a scrub #WoodwardOut
Saw someone who did BB IB for 2 years then ran his own independent sell-side M&A process ($20mm TEV), probably collected around half a million in fees from that deal all for himself. Jumped back into IB as a senior associate after a year.
Why would you collect great fees on your own to then go back to IB and work for someone?
probably didnt collect great fees
Pulled a "Michael Scott Paper Company" and got paid to come back and stop undercutting their clients lmaoo
Family friend did 3 years at a BB a2a then exited into a NFL/NBA strategic/economic role. Not at a team, but helping to run the actual league. Super sick.
Were they in media/CNR/etc. banking that was semi-relevant, or did they just jump from P&U to the MLB?
not even related at all. super sick.
How did they swing this? Was that a goal of theirs or strategic opportunity pop up?
Analyst left for a corp dev role at a startup and got promoted to head of corp dev in 1.5 years. Just got taken public via SPAC and he made $50MM on his 1.5 points of equity at 25
$50MM?? Really....
That’s unreal
Phuck me. I hate banking. Phuck models and vdrs and PowerPoint. Phuck everything. Why am I doing this.
Don't buy that for a second. What $3B+ company has a 25 year old head of corp dev.
Some 28 year old was CEO of burger king
The luck is real
knew a guy that went
BB (MS,GS) ----> PMC (Academi, Multi National United). Never heard back from him after he went to South Africa. Hopefully he's still alive
An A->A promote who went to CAA as a Sports Agent.
Is this common? Did he have to do anything specific to get himself prepared considering he didn’t have a law degree? Or was it on the finance side
Any former analysts who became doctors or lawyers?
this thread is called "coolest exits"
hahahaha
I used to be a premed and I couldn’t agree more with this comment
Merchant Banking -> CFO of Matt Stone and Trey Parker's production company. Feel like that would be a fun job.
The guy that signs our money worked at Goldman. Pretty cool exit gig if you ask me.
America's sweetheart, Paige Jennings
hahaha best exit ever. I actually went to school with her...
Marine Biologist
Shaun Atwood had a pretty sick exit from stock brokerage in the 90's. Not sure I'd go the same route but I would definitely be enticed by the opportunity to say the least.
too many to explain in detail, to be honest.
here a few brief examples
1) ex colleague who was a contractor at a bank at standard daily rates left to do a stealth startup. After a few short years the company is among the best known startups in the entire nation. they had really intense growth after they launched.
2) a friend left after his IBD years even though he had a promotion waiting. He founded a chain of car dealerships while bootstrapping the whole thing. After a decade he now owns 15, I believe, and also planning on expanding to electric vehicle servicing.
3) few years after I joined IBD an analyst literally flew through the ranks and got promoted way faster than others due to skills, IQ/EQ, deals,... he was a director at.. 28 or so. BB.
4) A family friend has a 2nd level CxO title in NYC within AM. Has been in that role for about a year now. So got to that level around 38 years of age. which is impressive. afaik he reports into the CEOs direct line.
Malcolm Turnbull went from partner at Goldman —> Prime Minister of Australia.
Almost a downgrade really
anyone see any ibd thots exit to onlyfans?
Jefferies > Third Point
Emmanuel Macron
Not bankers but these two guys (one lawyer, one former NFL player) founded a company called Game Plan and they do IB and Consulting for pro sports transactions: Celtics, Warriors, etc. that would be a dream job for me.
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