Don't Stress About Prestige - It Couldn't Matter Less
After lurking around this site, I still don't understand why the hell y'all care abt prestige so much. It doesn't matter at all. I went to non target with decent GPA and now I'm a VP(ignore username) at BB.
The most important thing is interviewing skills, and 90% of whatever you will be doing is learned on the job.
Don't stress if you're seeing all these WSO users claiming prestige is more important that breathing air. Relax and work hard, best of luck. Anyone who disagrees with me please respond.
So I take it you're VP at RBC
No, I do not work for RBC or DB. I'm a younger VP who makes good money and enjoys my life working for a well-respected bank. You are part of the "prestige problem". Kids reading on this site are going to think they have to work for Blackstone or else they let their entire bloodline down. It's all such a joke.
Both RBC and DB are good banks whether you like it or not.
Couldn’t agree more. Do what makes you happy. Prestige is superficial.
I have received some interest for buyside positions over the years, but I've never seriously considered. Can you please explain why you think it would be a good idea for me to leave my position and "escape"(your words - not mine) sellside for buyside?
I do feel like you could make a ton more money if you do well on the buyside with equity ownership.... Over the long run.
Back in the "good old days" you used to be able to make tens of millions as a banker if you were good and underwriting debt but now it's much harder (yes it does happen but not as widespread).. I'm talking about the 90s - early 2000s
dont really get the point of shallow posts like this. congrats, you are the exception, not the norm.
and btw, flexing you are at a BB is the very definition of trying to show off your prestige lol
Don't think this is flexing for prestige, as I take the OP meant undergrad institutions or MBA programs. Also wouldn't call this a shallow post, but to each their own. And those saying schools like Texas, UVA, OSU, are non-targets, I guess? Still have OCR and most kids from these schools can actually rip through an accretion/dilution analysis unlike a sizable amount of target kids at LAC's who struggle to understand what a P/E ratio is during training
Your claims on VP would carry more weight if you were a certified user. Until then we can all hold your legitimacy in question.
Certified user means jack shit. Wtf is teller at non-profit even? Are you a certified Going To Be an MD? LOL
The only reason your name says "Teller" is because you are a coward that posts anonymously.
Try and keep up, OK?
I can tell you've got an annoying nasally incel voice
Never understood why people obsess over prestige and comp on here because it's infinitely pointless when you compare. Congrats, you played the IB/PE game perfectly and now you're like 40 and made $2mm last year and still haven't caught up to some 23 year old professional athlete's $10mm signing bonus who slacked off in college and doesn't work nearly as many hours. But please tell me how prestigious your corporate sweatshop job is.
I'm very confused by the point you're trying to make. Please elaborate?
High finance isn't prestigious at all when you're comparing it to professional sports where you both start careers at the same age having gone to the same schools.
Non-targets obsess over prestige the most
This website: if you go to a non target kiss your dreams goodbye, you’ll be making 2.35 an hour to clean up all the money that we targets make…but in rare cases if you cut off your left toe nail and trek up to mount fiji and network with the man up there, maybe you can do it.
Also this website: non targets care the most about prestige
This is some insane cope. Prestige absolutely matters (whether you pretend it doesn’t or not). I also went to a nontarget with good grades and pretty much struck out at every BB/EB/MM. Extended graduation and landed LMM IB that I leveraged into a better role that I leveraged into PE.
What you are looking at is survivorship bias. For every you or me who “made it” from a nontarget, there’s 10 or 50 or 100 who fail. Plenty of kids from my school who wanted IB (not even BB, just any banking job) fell flat on their face recruiting and will never break in.
This “oh everyone can do it preftige doesn’t matter” attitude is unhelpful and more importantly, annoying. Recognize the amount of luck and random chance that went your way (and mine) to allow us to do where we are.