Is IB the Jay Cutler of Finance Jobs? (Not Elite)
There was a time and place in this country where a law degree was an instant ticket to the top 1%. Soon enough the entire world caught on and now a law degree is damn near worthless unless you go to one of twelve schools.
Analysts/Associates at Investment Banks post-2007 are coming way late to a party that is already dying down, while there is another party down the street that is just starting up. Sure we all grew up reading books about Investment Bankers and Traders in the 80s, but if we're being real, that just isn't the culture anymore.
On the flip side, Silicon Valley firms, VC Funds and Quant shops are all currently living out their golden age with no signs of the growth slowing down. With their current boom has come an increasing need for good labor and more and more undergrads are going into industries where the earning potential is effectively unlimited.
Every industry has it's rise, peak, plateau and inevitable decline. The thing is, Investment Banking is clearly an industry that is over-saturated and declining. Working in IB is no longer the sexy job to have.
Take a look at your lifestyles gentlemen, you are not living like the protagonist from Liar's Poker and you've made 100x the sacrifices that he did. The hours are getting longer and the compensation is getting lower. The culture is being carefully audited by public and private institutions alike. Do not be behind the curve, be ahead of the curve.
Aren't you the incoming analyst who made a first post looking for a NY roommate?
https://www.wallstreetoasis.com/forums/2018-ft-housing-thread
Nah, that wouldn't be elite
When you go back to back on your troll posts it starts to look a little desperate.
That's two posts he made on the same day about IB not being prestigious. I hate the whole dick measuring contest revolving around "preftige" but the poster seems a little insecure but will deflect under the facacde of "oh I'm just trolling lolz" or "I wanted to start a flame war". Yea sorry but you sound insecure and no one cares if you landed a FT position at a REPE.
If a buy side guy is insecure than you sell side guys must be eating yourselves alive. Gay!
You’re still a student, not a “buyside guy.” And anyone who refers to themselves as a “buyside guy” will not last very long as a “buyside guy.”
He’s absolutely insecure. I’ve known plenty of people who got a position at some little rinky dink PE/REPE shop that struck out in IB recruiting. Not to mention that plenty of analysts that do get an analyst position at one of the legitimate funds don’t ever make it on to be associates, which puts them at a much bigger disadvantage to their IB analyst counterparts who have unlimited exit ops post banking.
Best of luck though!
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