Hi all would you agree with this ranking in terms of prestige (with 1 being the best)?
1. PE MF MD
2. Superstar celeb - Kanye West/Dr Dre/Jay-Z/Drake
3. BB IBD MD
5. Big law firm partner (Cravath/Kirkland etc)
6. Top Medical Doctor/Surgeon
7. MBB MD/Partner
8. Asia PE MF MD
9. Asia BB IBD MD
10. Top VC (Sequoia etc) Partner
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Also curious
Agree with your order
This is ridiculous
thats the idea lol
what about tech?
another terrible comment by T30!!
Where do celebrity athletes rank? Think Lebron James, Tom Brady, etc.?
I'm not sure tbh. Where would you put them?
Would you agree with the superstar celeb (Kanye/Dre/Jay-Z) ranking at number 2?
But BB IBD MDs blow Fortune 100 CEOs
I think depends actually - what if that fortune 100 CEO has a very robust understanding of M&As and LBOs also and knows what is going on?
Also, would you agree with the superstar celebrities ranking at no.2?
idk i fee like f100 ceos are more prestigious ... plus in the proxy statements most are pulling 10m+ / year (only ceo though)
US President before MBB partner?
Superstar, obv # 1, the scalability of celebrity is massive. You can literally create a billion dollar brand instantly i.e. Rihanna / Jay-Z / MJ / Kobe / TB / Federer / Kimmy and the Squad …
Even become president.
But to IBD MDs that celebrity billion-dollar brand is nothing more than a small fry on an excel sheet among the dozens of other billion-dollar brands that they deal with in a year.
After a certain point it's not really about the money anymore - IBD MDs deal with tens of billions of dollars on a daily basis - there is just something intimidating about being known as someone who deals with that kind of $ on a frequent basis everyday - something celebrities will never get to do or know how to do
MDs may see it on spreadsheets.
Superstars see it in their bank accounts.
Big difference.
Also an MD are small fries and easily canceled by Social Media. Ie BofA smoothie guy
I'm sure Dr Dre was lost and intimidated af in the boardroom about what was going on when he was discussing Apple's acquisition of beats with Apple's senior execs and some IBD MDs
Nah. Carlyle owned about 25% of beats + Dre and others own the remaining rest.
The Mega Fund MDs negotiated on his behalf for their own self interest.
A business needs top line. Superstars can create top line with a tweet.
TSLA has spent no money on marketing, Elon while a CEO, is a superstar celebrity. He creates top line with a single tweet.
11. God
What about Aswath Damodaran?
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