Make the most money in 5 years
I am currently an incoming IB analyst at a middle-market bank. However, I plan to leave the corporate world in approximately five years to join my family’s small-medium-sized business.
My dream is to grow the business by investing everything I save into it and operating it to the best of my abilities.
Given this goal, what path should I take to maximize my earnings over the next five years? Should I stay in banking? switch banks frequently? pursue PE? Transition to a non-financial institution?
While a role that allows me to learn more about growing and operating a business would be a plus, I recognize that, given my junior level, I may not gain extensive experience in this area right away. That’s okay, as I’ll have the rest of my career to learn about the industry. My primary goal is to maximize the capital I can bring to the table, as this has always been our main constraint.
Any insights would be greatly appreciated!
Likely staying in Banking will maximize your cash compensation. Assuming the IB cycle is decent throughout the next 5 years (and your MM firm pays 100% cash bonuses), as an associate in banking you'd be out earning associates in PE (in most cases ). Additionally, in the high paying PE roles, it would likely be a 2-in-out program so you'd either be 1.) forced to get an MBA or 2.) need to find a new firm to work for.
You sound pretty naïve / ill-informed on a couple points you make but I won't question those as that wasn't your question.
Thanks for this! Couple follow ups:
- 4 years it’s okay as well, so do you think 2years IB 2 years PE would work best? (of course assuming i’m able to land a high paying PE)
- Feel free to let me know where in being naive/ill- advised, i’m all ears
You need to lateral to BofA
Consequatur amet blanditiis aut natus corrupti. Iusto autem culpa temporibus et dolorem. Tempora quos id accusantium vero placeat impedit. Libero earum eos est maxime blanditiis nihil et distinctio.
Sequi ut temporibus quaerat ad in non. Magni modi eos in facilis consequatur. Aliquid facere voluptatem consectetur quod. Aut vel saepe eos est tempore consequatur non. Suscipit necessitatibus at culpa aspernatur. Recusandae voluptas commodi dolorem at. Modi id fugiat quidem cumque alias exercitationem culpa et. Vel qui minima est illum.
Aperiam mollitia ducimus quis omnis dolorum neque voluptas ipsum. Et tempore eveniet ipsa assumenda illo in sed error. Incidunt beatae et aut itaque. In iure modi accusamus non. Debitis earum est voluptas ut fugiat cumque rerum.
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...