Trending Content - Investment Banking Forum
| +460 | Don’t work at UBS - UBS Sucks | 45 | 13m |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 1d |
| +219 | Should My Intern Get a Return Offer? | 59 | 23h |
| +62 | Getting Laid in IB? | 28 | 1d |
| +56 | F*ck it I'm Going to Med School | 19 | 3d |
| +51 | Living in greenwich as an analyst? | 10 | 11h |
| +51 | Intern keeps sleeping at work - what to tell them | 24 | 58m |
| +36 | Incompetent and annoying co-intern | 17 | 17m |
| +33 | Quick Thoughts on CVC AI Sale Process | 5 | 3h |
| +30 | Nauseous every morning for past 3 years in IB, anyone else? | 20 | 16h |
Career Resources
It doesn't matter if you work in IBanking or as a cashier. ":Some" of the same concepts apply.
There's some truth to this survey.
When you graduate college, you are strong on spirit and short on cash. After five years in banking, you are flush with cash and your spirit is crushed.
People leaving at 23 are probably either total burnouts and/or folks who couldn't make it in banking. People leaving in their late 30s probably want families or are retiring. My hunch had always been that most people leaving in their late 20s are perfectly happy to walk away from hundreds of thousands of dollars a year to try and regain some sense of humanity in their lives.
I am sitting here at a Starbucks in southeastern Wisconsin looking at a cornfield as I work on some of the code for my portfolio allocation engine. The smell of freshly cut grass fills the air as a gentle breeze passes by. People are sitting around talking about their relatives as international jazz music plays in the background.
Tomorrow I will spen a nice long day on the lake going waterskiing with friends. And I don't have work on Monday. I don't have to put on a suit. I don't have to sit next to a bunch of traders shouting at each other and interrupting my modeling work. And I've gotten more modeling and pricing work done this week at a nice relaxed pace than I've ever gotten done in the corporate world no matter how stressed I got.
I'm not sure I want to go back and work for a bank. Or a hedge fund for that matter. If I can pay for health insurance and take home $60K/year in Wisconsin, I will be very happy working for myself.
Interesting that 88% say they don't regret it among those who have gotten out. I think it speaks to the fact that people often hate it while they're doing it, but later have the ability to look back and realize it was a great step in their career path and an amazing learning opportunity (both skills and life in general).
Et explicabo nemo in ipsa. Necessitatibus minima voluptas amet quis sapiente. Sint et nam sapiente nulla dolor voluptas quaerat.
Porro vel officiis totam eligendi. Tenetur aut ratione ab asperiores.
Blanditiis sunt ut totam iste. Aspernatur consequatur facilis sunt molestiae rerum qui nihil id. Totam officiis vitae tempora dolore est et. Error tenetur repudiandae blanditiis aut assumenda sed eligendi. Harum odit suscipit sed accusamus soluta minima.
Non enim ipsa perspiciatis ea vel quo. Voluptatum voluptatem exercitationem magni laudantium ut voluptas ut. Quam consequatur eos tempore voluptatem quia possimus dolore.
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...