Is Investment Banking Paid Slavery?
Although the title might shock you, but think well, treat this with open mind and caution.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Is doing a residency after you graduate medical school paid slavery? You work the same hours under the same (if not more) stress and make significantly less.
In residency, one SAVES LIVES of other humans. Here one do financial modelling. See the difference?
No, both paid jobs
Which one is considered God's work though?
I fail to see the comparison. I see zero similarity between get yelled at by a VP and getting whipped by somebody that literally owns me. If the VP pisses me off that bad, I leave and know that I earned along the way. If a slave tried to leave they were hunted like animals. Comparing a career in finance to slavery is just wrong on so many levels.
paid slave is a contradiction of terms
I think we all need to stop entertaining these kids who come on here to complain and be negative. Let their threads float to the bottom so that we can focus on replying to people who actually have questions and want help breaking in. Not those constantly questioning this career and second guessing us and themselves. If you don't want to do it, stay out. If there's something else you want to do more, go do it. Stop coming on here for emotional reassurance. That's what your parents are for.
Lots of semantics here. Finance is over-comped so people are stuck having to eat whatever gets thrown their way. If they don't want to deal with it, they can leave to an industry with market dictated comp. It's in market based industries best interest to treat people well since a far bigger nuisance than doing so is the inevitable churn from not. People (for the most part) don't leave over-paid positions by choice. Having to deal with whatever gets thrown at you because you CAN'T leave (ie actual slavery) =/= having to deal with whatever gets thrown at you because you WON'T leave. Fundamentally different but an analogy could do worse.
I'd say that you make a valid point that after a certain point, the amount of money starts mattering a lot less. Is there really a difference between the satisfaction between a $200k corporate finance guy and a $800k investment banker? Just a thought.
It really depends on the cost of living where you live. I imagine it would be difficult to raise a family on 200k in NYC whereas it would be very comfortable in Kansas.