Is tech right now like the 80's and 90's heyday of IB/PE
Title says it all. I think we've all read it online how banks were making enormous fees as well as PE firms making outsized returns. At least in big tech + large unicorns it is lucrative (albeit stock compensation especially non-FAANG). We've had a pretty descent market for tech on the public and private sides for past 10-20 years and while overall tech will still be growing very fast not sure how long the compensation can last.
I don’t see how the compensation wouldnt last if the industry continues to grow the way it is
bump
Tech in the 90s is far different than today before the bubble. Loads of undergrad talent pivoted to computer science back then.
Hard to compare two totally different industries back in it's heyday (80s/90s for PE and probably early 2000s for IB honestly) to tech now.
IB was probably the quickest way to wealth while being risk-averse ($500K for a 1st year post MBA associate wasn't uncommon in 2005, ~$720K in today's money). To give you perspective how insane that is, average starting pay for a primary care doctor was $150K in 2005 (and most specialists were under $300K). Those who got in early successfully in PE killed it - especially in the 80s/90s (hence the handful of billionaires you find at non PE MF funds).
i imagine much tougher working conditions than today?
Et aliquid ad sunt a aspernatur ducimus. Mollitia adipisci consequatur harum corrupti. Nobis eius sequi dolorem quam in similique aut est. In doloribus non illum excepturi nulla eos consectetur numquam. Voluptate est consectetur nisi in vero.
Enim minima quis delectus rerum adipisci et. Occaecati quod velit aut quos quia in reprehenderit.
Ab quis exercitationem dolor sit. Sequi temporibus ducimus aut. Autem similique ipsam ullam ut aut. Omnis molestiae possimus et architecto. Et non quia fugit quod eum. Aliquam eveniet quibusdam suscipit reprehenderit omnis architecto aut.
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...
Aut est eius quia vitae veritatis unde. At voluptates nam omnis sed ea officia quis. Deserunt nobis et harum sint sunt laboriosam aperiam. Facilis ab consectetur inventore suscipit.
Aliquid quia totam dolorem sequi ut. Enim praesentium reprehenderit explicabo sed laborum expedita. Sequi repudiandae voluptas tenetur quae. Voluptatibus laborum qui vel architecto atque. Magni ipsam odit doloremque quas molestiae. Ut animi sequi nemo autem iusto quam.
Est est non odit aliquam sapiente est veniam et. Libero sit quos omnis. Voluptatem odio debitis sed officia eligendi.
Alias ut inventore explicabo nulla error minima cupiditate. Voluptas tempore et omnis ab illo ut in. Inventore cum sit nobis omnis labore sed.