IB is Dumb

Left after two years. Stupid career, and for those who don't want to become an MD or go to PE, RUN the other way. 

College kids commit way too early to this career without knowing what they're actually getting into.

20 Comments
 

Hear, hear. Doing a summer or two is beneficial, but signing it FT isn’t. So many options that help you learn a lot and protect your mental health. 

 

Sure, I did BB IB Soph & PE/VC junior/a year FT. But you can apply for fellowships, leadership development/trainee/development programs, and learn the same skills with less pressure. Your early career recruiting value is highest when you’re a college senior. If you sign the FT offer and don’t like it, it’s so hard to pivot out.

The first 2 years post grad are hard af. It should be a setup where you work hard but it’s similar to college life - LCOL, walkable, around other normal young people, etc

 

That's what blinds people to think it's so special, but one look at the actual work of a banking junior will illustrate my point.

 

I wanted to make a comfortable amount of money right out of undergrad. The only options were IB/PE, SWE, and Quant. I wasn't smart enough for SWE and Quant so IB was my only choice lol

 

To live comfortably in NYC, you need like $180k+ these days. Those are the only 3 careers where you can make that much straight out of undergrad.

 

people place too much emphasis on prestige while recruiting imo, I've loved my time in the industry and sure there have been a couple of long nights but I honeslty can't complain about my current wlb to comp ratio

 

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