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Career Resources
Yes.
Income does matter at the margins, especially when you're at the age where you have 5 weddings and 5 bachelor parties every year and it starts getting obvious who can afford to go on trips and whatnot, but the friends who would drop you for making more money or who you would drop for not making enough aren't real friends.
People find success in life in different ways. Of the guys I'd consider my closest friends, one is career military with a great wife and three shockingly old kids, one is a doctor with a great specialty who just had his first and makes fantastic money but lives in a shitty small town to do so, one is in finance and could be far more successful than he is but he chose a more laid back existence, and the other was kind of a burnout and "less successful" than the rest of us but moved to Korea a decade ago and is living the dream and just got married.
As long as they are happy, I'm happy for them. Because they're my friends. Far fewer people are going to be jealous of your Manhattan high rise life or care about your life at all than you think. Hold on to the ones who are happy for you to achieve your goals.
Thanks! I’ve normally been the joker/clown of the group that receives the most abuse - just feels weird being you know the one that got far financially at least. Wonder if they’ll be pleased?
Yes
I do and some of my childhood friends make 2-3x more than I do (I still make low 6 figures). One of the guys married a trust fund girl and his in-laws spoil the heck out of him.
But I grew apart from a high school friend due to some jealousy / insecurity about our careers. I actively make an effort now to only see him in a group setting.
Why are you worrying about something that hasn't happened?
Here's a tip: don't be an asshole about the fact that you make more than your friends, and it won't be an issue. If it becomes an issue, they weren't your friends to begin with. So easy!
Jesus
First of all I would bet hard against your future income being 10x that of your childhood friends.
Of course your career track is generally higher paying than what they'll be doing. But actual income is about the individual, not the field one works in. Some of your future plumber friends may start their own small businesses and do quite well, for example. And you mentioned a few are going to be doctors. Others may depart their lower-paying fields in the pursuit of something better. As a cohort I don't think the pay difference is 10x even historically.
Furthermore, I suspect your 10x estimate has survivorship bias baked in. The average MD makes whatever huge # but that's not the average income of his cohort that entired IB 20 years earlier with hopes to make MD.
Further I'd generally not expect the future finance salary curve over time to resemble the past. Whether it's because of AI diminishing the value of white collar skills, or the effects of capital becoming cheaper over the long run, I don't think the next 2 decades for Wall Street will be as good as the last two but I could be wrong of course.
In any event, my sense is friends grow apart because some stay hungry and curious, while others get lazy and boring. Encourage your blue-collar friends to stay hungry and curious. I have a buddy who went to a lower-tier college, struggled in the white-collar world and became a landscaper. He runs his own landscape business but makes a pretty basic income. But he doesn't let that define him. He keeps learning every day, stays in great shape and keeps thinking about what he can do for his future. Currently he likes to spend a lot of his free time reading about geopolitics and developing bets to place on Polymarket, which have done OK so far. That will either go well for him or not, but the point is he remains interesting even to his buddies like me who went on to finance. And I'm sure he'll be successful eventually, hopefully before he's old.
I have other friends who went on to typical high-end careers (finance, law, medicine) who became lazy boring basic bitches anyways. It's about personality, not income.
Yes, with some of them. Some are from elementary school (due to physical distance of our parents' homes, we still see each other on holidays, homecoming, ..), some are from high school days. The high school friends were fused together through all the parties and trouble we got in... that bond is hard to break. we all live in different states but we do meet up for special occasions like bachelor nights, weddings, funerals.
the tricky part are college friends. it feels more transactional, they usually reach out for a favor or something.. but that's cool.
I'm surprised by the question because it's never even crossed my mind to compare salaries with my childhood friends. They give me something I can't get with a billion dollars- the ability to truly be myself and around people who know me at a fundamental level. I would actually turn your question around and say I've also made close friends more recently (college/at work), but they only know me as the finance guy I am today and not the dweeb I used to be.
FWIW I've spoken to a number of partners and founders during my career and the biggest green flag for me is if they keep in touch with friends from high school and before. They keep me down to earth.
Given the wording of your post and your emphasis on particular things, what's much more likely is them growing apart from you because you're actually a dbag.
"Top 3 BB" so what, if you were at a lower ranked BB or a MM it'd be easier to not grow apart from them?
"move into a high rise apartment in Manhattan with friends from college" - again, if it wasn't a high rise or you were in LIC or Brooklyn, would it be easier to not grow apart from them?
My money is on them just wanting to hang out with you less.
OP is soon gonna realize that IB doesn't make THAT much money, lol.
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