Who are the oldest MDs you know? I know one at a bottom tier BB who is 65 and I don't really know why he still works (golden handcuffs?), any others you can think of? Don't you eventually get pushed out?
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61
Most seniors that stay in finance actually like it. They don’t really pitch at that point and just give advice
How hasn’t he retired by 65?
Maybe likes his job? Lmao
Our group head is mid 60’s (man has been an MD since 1998 lol). I rarely saw him at the office even before covid (maybe once every other week) but man brought in consistent ~$30mm-40mm of deal revenue a year (3-4 m&a, a couple financing/cap market deals). Probably raking mid 7 figures while working less than 30 hours at this point in his life.
He’s always working you just don’t see it. Constant calls so why leave the house
Lol no, he’s playing golf half the time in california or florida.
I feel like I know who this is...
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Well I think some of the CEOs / chairman of the major banks may still consider themselves MDs. I think Ken Moelis may still use the title MD and he is prob around 65. His actual age may be disclosed in MC’s annual proxy. I think Eric Cantor may also be around that age and still an MD. Other MDs I worked with there could very well have been in 60s. Hard to tell sometimes. If a person is really in the business of giving advice and if that person is able to somehow keep slowly but surely getting smarter with age; then they should be a better banker as older. Also I think at HL they may have some 60 or 70 year olds still giving advice. Hey, maybe even the chairman of M&A there; don’t . Remember his name but has been there for like 20 years maybe, might even be 80 or 90. Who knows. Also for what it’s worth I think the chairman of S&C, not shenker but another guy there could be even older. Maybe he is 100+ who knows. He is like very big in FIg. Was like the lawyer during the financial crisis. Not super relevant but a close comparison to banker work sometimes
At my old bank, one of the MDs started as an analyst at Kidder Peabody in the 1970s. He has to at least be in his 80s.
So, he was ~35 when he started at Kidder Peabody as a first year analyst in ~1975?
No, he graduated college in the early 70s and joined Kidder shortly after. However, I think he started college when he was a little older as he was in Vietnam for awhile.
A MD in my group is approaching 70 and still works pretty hard. He is online pretty often past 10PM and on calls around the clock and on holidays. He makes it rain though (usually a top rainmaker across the street), so I guess he must really love what he does. A few other MDs are in their 60s.
What kind of group?
Ralph Eads at Jefferies Houston is very likely in his 60s. Still seems to be killing it at the energy game.
I don't know how old he is, but we have one guy and I have (1) seen him walking with a walker and (2) seen a picture in his office of him as a 20-30 something year-old shaking hands with President Ford-- so he has to be pretty old.
In my team at a US BB, there is a MD who is 63
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