89 Comments
 
Most Helpful

Look Saarang, I doubt WSO has many millionaire members. We’re mostly students (some with rich families), and I bet anyone else commenting is gonna give you a real smart answer about what you can do with that money. But what I’m gonna say is if you’re constantly debating whether or not IB is worth it before even getting a gig in the first place, then it’s likely that’s you won’t succeed in the industry.

Northwestern’s great, but you honestly give it a bad name with your humble brag bullshit littered around this forum. I would enjoy the discussions at WSO much more if you weren’t a part of it.

 
"itsanumbersgame" I can answer your second question. $4-5 million net worth is not considered average.

Just go buy a 10Y treasury with that money and live off of half of the payments while you start a company and reinvest the other half.

I can't tell if OP is trolling or just throwing random numbers out there, but I would advise going into some sort of analytics/finance/IB position before starting your own company.

I think 2-4 years working under someone else or in a F500 company would prepare one more adequately to take the reigns in their own business. If you're self funded and inexperienced, small missteps can become costly.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Don't bother with IB (or even college). Put all of your money into high yield bonds and penny stocks. Start reading websites like Bloomberg and pay $2000/mo for an overpriced legacy software. Once you make some money off of your investments, start converting all of your cash into gold and silver. You'll be rich and you can just do nothing for the rest of your life.

 

You need to find your "professional passion". What you can do to:

  1. Create Value for others (and monetize )
  2. Really love doing
  3. Are great at

You can do well with two of these but when you hit all three it becomes transformational. The problem with seeking success and money (which is very common BTW) for the sake of the success and money is you will run out of steam. There is no relevance. What is enough success? What is enough money? Ultimately you will get to a certain level and get comfortable and decide to no longer push for more success and more money.

For the most part, people who are wildly successful are so because they are extremely talented at something that creates value for others (whether it be as an employee or by creating their own something) and they love doing it. They don't want to stop doing it. They want to expand and improve how they do it, build scale to it, etc. They love it and actually get energy from it. They don't run out of steam.

The success and money are simply a byproduct of the endeavor, not objective.

Another observation: if you seek success and fortune for it's own sake, you will never be happy. You will always compare yourself to others who have more (and there will always be many ).

 

I won’t publish your full name for now. Like others have said, please just delete your account, Saarang.

If you truly have “changed for the better” then you can start fresh - just don’t say your name or what school you’re from. You’re tarnishing the reputation of Northwestern with your comments and lies.

Your comments are filled with poor attempts at humble bragging or just immature comments (Uncle MD, my “qualifications” will get hot girls, Vanderbilt girls are looking for a rich husband, blessed with a brilliant mind, is 5 million average, my parents’ Lexus and Mercedes). To add insult to injury, you seem like a pathological liar. You never got hacked (you said you did but later admitted to changing for the better, scenarios are “hypotheticals” when they actually apply to you), and your uncle does work at American Funds but I highly doubt he ever worked in IB or was an MD). And then there’s the sociopath thread where you basically imply you’re a sociopath - nice.

Just delete the account and start fresh. If any potential employers type in your real name, which they will, you’re in deep trouble.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”