I hear people saying they will only work 3 years and then move on. Why? Is this so profitable that only 3 years is necessary to retire comfortably?
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it's not about profitibility, it's about sanity and staying out of jail. by around year 3, oftentimes an analyst is ready to stab his associate and vp in the temple with a pen.
retire, no. try to get social life back, yes.
Yeah I guess those long hours eventually catch up to you. So then why not just go the accounting route? Might be less money but your not counting down the seconds until your done, and you get to keep your sanity.
some people have a higher pain threshold and can tolerate 2 years of crap
par for the course is 2 years in BB, no social life, killing yourself... and making $120K+ for 2 years and then getting out and going to PE or HF where you have even greater earnings potential and a better lifestyle. it doesn't always work out this way, but that's the dream.
in accounting, you can't really match the earnings potential, the work is boring, the hours aren't that great, and you don't get paid all that much. i'd rather work on a big deal that makes headlines than make the books for one of those companies
dumb reply, but im tired. but what is PE and HF?
edit - n/m Private Equity and Hedge Funds
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