Ex-IBers That Are Losers

hooked up with a girl who worked the front desk at a hotel, ex IB 

If you have a college degree from a decent school, have a job, and make more or less of a living you are not - by any means - below average US population.

Now - there are a lot of people that I know that failed to meet some expectations in terms of lifetime income.

Folks that at the ANL / ASO / VP years thought they were destined to earn 7 figures. That bought real estate they couldn’t afford thinking they would make MD and stay MD forever. Etc.

Would not call them losers or below average at all. They were just unlucky.

Plenty of cases of people that don’t make MD and can’t lateral to other banks and take lower paid jobs at corporates after 6-9 months of unemployment.

Others that don’t get MD, reach their mid-life crisis, and start from scratch (e.g. try to become professors or something like that).

One case of a guy that I know. He was at Lehman, not IB but doesn’t matter, lost his job, his shares, had two mortgages (one for his ex wife and kid) - had to move back with his wife, went through personal bankruptcy, etc.

I also know cases of people that put a number of years of IB and then have a meltdown, or health issues, and have to move to something different (or disappear from the map).

The saddest are the folks that sacrifice personal stuff for their careers to only realize that their career doesn’t mean much. Folks that went through a divorce because of work, don’t have any friends, and then get fired. What’s the point?

I feel attacked

The average MD does not make even close to 3M and the average person isn't even going to be a below average MD. 

y'all prospects got me fucked up. No concept of taxes, no concept of money at all. Just a figure you associate with a profession (3M = baller MD). Just like you guys will arbitrarily change the inputs to your model and shoot out a valuation for a company and think it's what it really is.

Below average by what metrics? In my mind, you can only be a 'loser' if you yourself accept it to be true. Superficial achievements are arbitrary and we're all gonna die. The sooner someone lets go of this notion of winners and losers the sooner they can live a life worth living. 

Below average in terms of what? Comp? Are you implying that if you earn less than average, you are a loser? Anyone that thinks like this is a loser, regardless of career success. 

I have met a few ex-IB bartenders in nyc. I wouldn’t call them losers by any means though.

I know a girl who is ex BB sales, spent 15 months as an analyst there before she quit. She said the role was fine but all the drinking and early mornings was ruining her skin and beauty regimen and felt like she was getting wrinkles early so she quit and joined only fans and a sugar daddy app.

she said she now earns more than what she earned at the BB and is far happier and when people ask what she does she just says marketing / influencer.

She mentioned there’s a lot more girls than we think on these apps and some of the girls we know are probably on it but we just don’t know it as they keep it a secret.

she’s not a loser but just chose a unique turn in life haha

I think 'loser' isn't the right term; unconventional exit is more like it.  Seem to be plenty of ex-IB girls I know that left banking to go into headhunting.  A few brave ones leave corporate altogether and start their own gig.  There was that one guy that left IB to start his own lobster/seafood business that's become pretty well known.  

Not ex-bankers, but washed up MDs who are in the downswing of their careers and trickle down to bucket shop boutiques where they struggle to close one deal that will net them a few hundred grand, which will be their livelihood for the next few years.