The three types of financiers

In my experience, there are three types of finance people:

  1. FU money, then get out. These types tend to be the most frugal and spend all of their time counting the days until they can leave. They tend to retire on low seven digits (or high sixes if they're really ballsy) and go live on a homestead in rural Oregon or go hosteling around the world in developing countries. The lucky few who make more will obviously retire to a nicer lifestyle, but they all share a deep desire to never get involved in the industry again if they don't have to.

  2. The careerist. These types tend to be at mutual funds or IBs--they'll look for a reliable salary and job security over seven-figure bonuses and work their way up the ladder until they retire in their late 50s or 60s. These people tend to prefer stability and reliability over everything. The sell side is full of this; the buy side is not.

  3. The psychopath. These are the guys who make seven figures in a couple of years, but it's not enough. They just keep going because they want to be masters of the universe. Their goal isn't to get rich, it's to become a multi-billionaire and revered by the industry because their fathers didn't really love them or they want to be worshipped by gods.

I've had a few friends and clients of type #1, and they are either traveling the world or on a farm in Tuscany enjoying life and paying zero attention to the industry (except maybe managing their investments a couple hours a month). I prefer working with #2, because they tend to be the smartest, least emotional, and most professional. Fortunately I have had very limited contact with #3, especially after the horror stories I've heard, both publicly and privately, about a certain retired executive who used to work at a company that rhymes with Plinko.

Thoughts?

1 Comments
 

Vitae nihil provident iure id cumque. Sit molestiae veritatis tempora natus id sequi et assumenda.

Sint sint corrupti sequi cupiditate corrupti ut. Est sed voluptatem id commodi et sint. Sint harum eveniet dignissimos odit doloribus reprehenderit perspiciatis.

Voluptates et quia nulla quasi repudiandae possimus. Qui laborum maiores maiores assumenda.

Mollitia debitis repudiandae et enim esse corporis. Magnam tempora dolor inventore alias a voluptas. Error consectetur suscipit maxime officiis omnis voluptas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”