WSO what has been your experience with MDs who started as analysts and moved all the way up without getting an MBA? I remember people mentioning that a lot of them tend to not have families, get married or are sometimes strange because they spend all their time at work without being able to develop their talents outside. How true has been in your experience?
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all the MDs i know started at the bottom 15-20 years ago and all of them have families and are on boards of charities. i think there's a survivorship bias here where anyone who does make it to MD has known that banking is what they love/are good at. because of this, they've been able to either balance their outside lives with the work from good planning or just because they're so damn good at their jobs
I would also be interested to know how many have made it to the top without getting an MBA.
It can be done, but don't count on it. If you look at the various heads of various groups, there will be a mix of MBA, JD, PhD, and AB/BA only. The AB/BA only are superstars. If you check the credentials on some of the MBAs, you'll find that they are almost-superstars, in that they made it extremely far without an MBA, and then got some part-time MBA to increase their eligibility for promotion to MD/Partner.
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