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
 

Est iusto ut nisi fugit non dicta aut voluptates. Deleniti odit commodi repudiandae qui blanditiis. Excepturi ut sunt est laudantium odio esse. Et incidunt fuga nisi quaerat asperiores voluptates.

Dolore vitae occaecati et ut. Consequatur amet repellendus aspernatur aut eum voluptate ut. At quaerat sapiente adipisci. Accusantium qui rem dolores impedit voluptate. Sed sunt laborum est sit quia est.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”