With the continued juniorisation at firms, and a clear bias to hire those that are cheaper, how difficult is it to grind out a full career in banking before riding off into the sunset and retiring?
For those that can't make it a full career, what do they typically end up doing?
| +190 | Americas M&A League Table Q2 Updated | 76 | 1h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 11h |
| +118 | Restructuring: Anti-climactic Experience | 31 | 13h |
| +91 | IB Net Worth / Savings Check | 42 | 1h |
| +78 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 2d |
| +65 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 12 | 16h |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 2d |
| +38 | Investment Banking is Hard | 17 | 1d |
| +34 | 2026 VAULT PRESTIGE RANKINGS | 24 | 3h |
| +31 | PWP vs BofA | 24 | 9h |
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.
depends on the firm and your experience tbh. i was a vp at a bb and got "juniorised". didn't let it get me down - i've only been out of work for c.48 months tbf.
hope that helps.
Define "full career"; making enough to retire? retiring on your own terms?
Some places have manual retirement, such as a Big 4 for partners, because they need people to leave/you have to rotate jobs.
Other places, its more about what you can offer. If you're still bringing in deals, you can work, at least somewhere, your whole life. The profit you bring in has to outweigh your cost.
I think most who get aged out are just cost centers/expenses, so you're trying to pay them as little as possible.
Sequi quisquam quis porro debitis architecto expedita quidem. Esse qui hic dolorum et atque. Minima nisi ea beatae.
Illum cum consequatur molestiae natus cumque voluptatem. Exercitationem dolore vitae quia necessitatibus harum. Qui repellendus et odio et autem a.
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...