MD net worth
Incoming BB analyst. Assuming I stay in IB in NYC and go analyst you MD and have no family or kids, what should my net worth reasonably be by 40? 45?At what age could I reasonably expect to be worth $20 mil by working in IB?
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No answer is 100% valid; really depends what you do with your earnings. If your sole focus is comp you’d have to make MD and have a good few years to be in your desired ballpark, even then I wouldn’t bank on comp to get me to 20m
This is entirely dependent on the lifestyle you might live. Some MDs will never make it to $20MM net worth.
If you're not an retard and you know how to dump excess cash flow into 100% equities, you'll literally have around 50-70MM liquid by the time you're 50.
LMAO what planet are you on...do you realize how much money that is?
Starts off with 'if you're not a retard', proceeds to sound retarded
Said by "prospective M&A analyst". THIS is the type of kid that leaves the office crying on the first day and just doesn't come back.
Entirely dependent on lifestyle, as gumfo said. You can be an MD that lives in a $2m house in a suburb with good public schools, spend 250k per year and save 500k-2m per year, or you can live in a $5m apartment in the city, send 3 kids to private school and have an annual $1m nut, and there might not be a bunch of excess cash flow
Why does your tag say VP Generalist IB
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To make these #'s make sense, add in the footnotes 0 kids, if any kids sending straight to public school in NYC and no expensive hobbies from the wife / gf.
Great breakdown.
Would disagree saying an average MD is making 3M at 40-45. I think some MD on this website (forgot which poster) said it's more like 1.5-2M.
It's actually more like 1-1.5 for the BBs if you look at their annual reports where they release comp bands; and all of that is deferred shitty comp
Aren’t those junior numbers pretty low? This also assumes nyc. Imagine Charlotte, atlanta, or Houston.
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I literally gave even more conservative numbers and I got MS'ed to high hell. This forum is irrational as fuck
You can get MSed for your response even if it’s correct but you put no effort into fleshing out the details. That’s the distinction between “low quality” and “inaccurate”.
Are you assuming no market returns ?
.
I read some article that was, saying to live a comfortable upper class lifestyle in NYC, you’d need a $200mil NW.
By upper class they meant huge 5th Ave park facing condo, multiple vacation homes, private school, full support staff, many high end vacations per year, and lots of philanthropy
Obviously no banker will ever hit that unless they start their own EB or get absurdly lucky with extremely high risk investments.
Aight chill mr vp. I was just talking about a random article I read.
https://www.townandcountrymag.com/society/money-and-power/a13528013/how…
what the fuck. You need 200m to finally be comfortable in nyc??
There is no way the average MD is getting any where near that figure.
Did you read the article? It is stupid, well not stupid for what they were trying to do (an extreme) but please don’t refer to this as comfortable. The article has items like a $25mm art collection, $20mm vacation homes, $20mm primary residence. Give me a F’ing break. Please stop this nonsense.
This is crazy, please stop believing this nonsense. My wife and I are nowhere near $200mm, live in nyc, have a family, AND I feel like we can enjoy just about whatever we want. We own our apt (3 bedrooms), have 2 vacation homes, and vacation about once a month. If you need $200mm to do that, you are getting ripped off.
The word "comfortable" needs to be erased from public discourse about net worth / wealth.
This isn't upper class lifestyle. This is old money lifestyle
Varies massively. If you're working at a mid/low tier IB, I would say $10M by 50-55 best case scenario. Deferred comp, taxes, high expense base, bopping between firms. You could get to $10M at the same age by living below your means and letting compound interest run its course lol
What are the sacrifices associated with an MD’s comp?
One intern is thrown into a volcano every full moon
EB is paradise
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