should I do IB if I have no interest in buyside?
if my goal is to own my own business like most people here probably and have no interest in going into PE or HF, does it make any sense to start out at an IB putting in the hours that serve no purpose other than the career trajectory?
Possibly. Firstly, I'd bet most people on here don't want to own their own businesses. Secondly, while I have heard IB doesn't give you the skills to run a business (and having worked in IB that makes sense to me) the biggest reasons you might want to do it are:
1) capital - some time in IB could allow you to save a significant amount of start-up capital for your business if you spend and save wisely 2) back up plan - if your business doesn't work out or you decide it's not what you want to do after all, having IB on your resume will make you competitive for good jobs and/or business school
You should explore consulting if entrepreneurship is your primary interest.
consulting > investment banking for owning and running your own business. BUT, you could also want to do Venture Capital for awhile too, which investment banking is the better pre-requisite.
I agree with all the post above. If you choose to do IB, it'll also give you a solid network and credentials on the resume. When a vc is looking at investing in your company later on that'll be a benefit.
If you're interested in running your own business, MBB > any IB. Except Goldman Sachs because Goldman Sachs >> all companies
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