What’s the average outcome
Hello All,
Currently a sophomore who just landed at a NYC BB for SA 27 from a non-semi target. After the analyst years and when most people eventually leave banking is the money ever as good or have as great career progression? Obviously there are the outliers who stay to MD, go to PE make partner or become CEOs but for the average banker what’s the end outcome look like? Obviously depends on career route and where you live and opportunities etc. But at 50 what would you say the average person who starts in banking pulls in a year. I guess I’m wondering this because after I got the offer it doesn’t seem as exciting to slave my life away as it did when I was grinding for it.
bump
You and many other college kids need to hit the brakes a little bit. Its good to think ahead of your career but worrying about your career outcomes when you’re 50 is not the right way to think about it.
Yes IB is a grind and most don’t last/burnout within 2-3 years (and for good reason) but you should be going into this internship being intellectually curious and excited about it. Form your opinions about the job after you experience it for 10 weeks not from what you read on WSO or hearsay from other college students. 99% of people may find the grind miserable but who knows maybe you’re the 1% that loves it and makes it to MD. But you surely won’t make it to MD with your current attitude.
With that being said, if you want a more tangible response I’d recommend you Linkedin search up analysts that worked at your bank/group starting from ~2018. After going through 30-40 profiles you should have a good sense of what people are doing by their late 20s. No real point to look further since you’re still in college and the world had changed a lot and career progression/opportunities are different
2020 might be better bc the current sophomores will hit the desk FT in 2028 which is a decade after 2018.
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