I don't know if I should try to do investment banking anymore
There are other opportunities in tech that pay well, and the stress probably isn't worth it longterm. It's also insanely competitive and you have to do assignments in the middle of the night and weekends based on this one post I saw, and everyone is trying to go into PE. Top data scientists can make around 500k too as can software engineers. Is there much of a difference between that and a 1% chance of eventually becoming an MD to make 1 million? You're also geographically locked in to your region if you want to move up in seniority and can't travel like you can in other jobs. Not trying to be negative but I'm just asking questions to know about my future career.
You are not tied to a region in IB/PE and MDs travel a ton. MDs also make way more than $1M; SWE sometimes tops out around $400-500k.
Think you need to consider what you enjoy and are good at rather than prestige or comp. These are all very different day to day work + different skill set - an IB person would not be happy in SWE and vice versa. Have you done any internships to test drive these careers a bit?
No it's pretty hard to get an IB internship, and I'm only thinking about doing tech as a humanities major thru a bootcamp. Have you heard about the WSO academy? I made a post asking for reviews of it but no one has replied. Thanks for the advice.
I never see good data on md comp. What’s realistic for a mid performer in their 40’s?
Junior md probably 1-2.5mm
>Based on this one post I saw
tech bubble is over and the easy do nothing jobs are drying up, based on this one post I saw
Although tbf I am writing this in an Uber home from work at midnight so maybe that one post you saw had some merit
Haha maybe. Have you heard about WSO Academy? I am wondering if it's worth the money. And yeah tech might be dried up but there are still top tier jobs that are hard to get out there, similar to the "buy side" in finance (if I understand correctly, I'm new).
Tech and investment banking are two completely different fields. If you have an interest in mergers and acquisitions and capital raises, go ahead and try for a spot in IB. But don’t plan your career around trying to get “top tier” jobs because that doesn’t mean anything
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