Alright, everyone on here is all about whats the best path to be on to make it rain baby, etc etc.
Well blankfein is the biggest rain maker going around, he pulled in 53mil total comp in 2007!!
Where did he start? As a corporate tax lawyer!! So forget about this analyst to MBA onwards etc crap. Start off in corporate tax, and you can make it rain !!
Note: This is to show there isnt necessarily a narrow set path that one must take to get to where they want to be.
| +384 | Evercore Intern Seizure | 59 | 2h |
| +75 | JPM M&A is Gone??? Purely Coverage Banking??? | 35 | 7h |
| +64 | Is DCM actually underrated ? | 27 | 6h |
| +53 | How do I understand vs. just memorizing? | 10 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +42 | Associate & Above IB exits | 17 | 1h |
| +37 | The good and bad with Wells Fargo | 7 | 5h |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 17h |
| +29 | Tech to IB Pivot | 20 | 6h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Corp Tax lawyers make bizank no matter where they are.. think about all the $ coprs make, then a lawyer charging 5%... Big Big $$$. Also, CT lawyers already know almost everything bankers or traders would know, too.
He didn't start as a corp tax lawyer. And he isn't the biggest 'rainmaker' around. He prob doesn't even consistently rake in the most of all people working @ GS (but that is just a guess).
thought he started as a bond trader
^ This.
lol @ balooshi
You're both wrong. He did in fact start as'a corporate tax lawyer, and then worked as a gold salesman at J. Aron, not as a bond trader.
wiki said he started as a concession vendor
Actually, he started as a sperm cell and was selected from a hyper-competitive pool of millions to get promoted to the role of zygote. True story.
+1
One example doesn't mean anything. U guys should all drop out of college since Bill Gates did and he's worth more than any banker.
x OP has realized that life is not a path and current senior banking executives come from non traditional backgrounds [x} OP fails to think deeper and realize that the industry is much more mature than it was when Blankfein started out
^ Agree tireds with your second comment.
But still, people out there shouldnt lose all hope
How is blankfein the "biggest rain maker around"? There are employees at GS who make more than him. And how about the hedge fund managers literally taking home a billion dollars in a single year?
Everyone is so nitpicky here. Ok hes not the biggest, whatever - but the tens of mills he makes aint chump change my friend
*he's *ain't
Voluptatum et fugit enim iure fugiat voluptas officia. Omnis et animi deserunt dolor. Natus enim delectus aperiam sit. Corrupti harum non officia rem.
Beatae qui veritatis necessitatibus accusantium consequatur dolores asperiores. Aut maxime est ab tempora. Nulla aut voluptatem aut exercitationem qui aut facilis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...