What’s the best path for net worth +$50mm in 25 years?
Comp slightly better near term in finance track but CS is arguably more attractive long term and after taking into account work/life balance. Thoughts?
| +317 | Evercore Intern Seizure | 44 | 50m |
| +56 | Is DCM actually underrated ? | 22 | 3h |
| +56 | JPM M&A is Gone??? Purely Coverage Banking??? | 25 | 43m |
| +46 | Are all Tech / TMT groups sweaty? | 38 | 43m |
| +45 | Losing my personality in Banking | 8 | 2h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 2d |
| +39 | Associate & Above IB exits | 16 | 3d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
| +27 | Which groups are ideal for laterals? | 11 | 21h |
| +26 | Technical question prep for FT recruiting | 5 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Comp as a FAANG developer is better starting unless you’re at centerview or Evercore
Whoever gave me ms, facebook starting salary for engineers is 120, bonus is 15, and stock is 45. Also signing bonus for returning interns is absolutely nuts. But keep stroking your own ego and telling yourself you make more in banking
It's a bit higher at Facebook and some other companies but who cares about year 1 comp. IB quickly overtakes FAANG comp most of the time and you are probably more likely to make MD in IB than to make it to L8+ in FAANG (going off % terms). These are the levels where you can make $1M+ and have a chance of a 8 figure net worth before 50. Of course, this is kind of useless to think about as it's unlikely that one has the skills to make both MD and L8. Your best bet is to go with the industry that you think you can excel the most in.
If you really want to make $50m+ in 25 years, neither FAANG nor IB alone will get you there. If you go the SWE route, you will need to eventually join a early-stage startup and get lucky. If you go the IB route, the startup/VC route is an option but you can also try your luck with HFs. Alternatively, you can just buy lottery tickets and save the effort.
Do you actually have any concept of what a $50mm net worth is? The chances of that happening are minuscule no matter the option you pick, so you might as well do whichever you like more.
Yes. It’s $5mm forward revenue trading at 10x TEV/revenue. Pls try to think bigger than your dcf models. Thx
Please do FAANG. If I can go back to my freshman year, I will change my major from Finance to CS.
I'm not gonna bust your balls about the $50mm in 25 years like the other guys would but if that's your goal, you have a much higher chance at getting there by learning how to code and developing web/mobile apps than some hardo dweeb (like me) learning shortcuts on Excel and PowerPoint.
I studied finance and cs (had internships in both) in college but ultimately went with finance for the main reason that I liked cs theory but hated coding. Go with what you find interesting/like doing. It's unlikely you'll get to 50mm net worth ever but you better somewhat like what you do if you wanna have a shot.
Read the IB vs CS thread
IBD -> HF. Tech boom is over.
Uh can someone else expound on this a bit?
Omnis sed occaecati ad excepturi doloremque aperiam. Tempore omnis odio dolorem repellat.
Fugit non ut in itaque magnam commodi dicta. Quos alias labore nostrum quaerat laboriosam hic. Ipsam id et hic ad ut non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...