"You cant turn 5k>5m...you can make far more money giving rich people advice" - Is there anything like this in the tech world?

Hey WSO!

Me and a few guys had lunch with a hedge fund manager who had a net worth in the hundreds of millions. It wasn't really suppose to be a "business advice" meeting, but rather shooting the shit. A lot of the guys in the group were finance guys. Associates, analysts, traders, etc. Many of them were aspiring investors and the hedge fund guy gave great general business advice. I won't go into details (as to not bore you) but it was more-or-less learn your industry, study those who have succeeded, etc.
So to get to the point of my question, he said something interesting to the finance guys: "You're not gonna turn your own $5k into $5m....when starting off you can make more far, far money advising people with capital than trying to grow your own capital"

To the finance guys, this advice was very straightforward....it was basically saying "Become an expert in relation to stock fluctuations in a specific field....restaurants, biotech, etc....and then use that expertise to advise high-net worth individuals, and then take a piece of what they make".

Since I love technology more than I do finance, is there an equivalent of the above advice when it comes to us? In other words, are there any positions that exist that can allow you to "more far, far money advising people with capital". The closest thing I can think of is consulting, but what do you think?

 

Praesentium occaecati quam molestias quos nam dolore. Beatae harum et dolor. Sunt nihil quisquam odio porro dolorem velit. Rerum voluptas adipisci error error dicta perferendis aut cumque. Earum neque fugit exercitationem odio eos sint. Iure dolorum voluptas omnis impedit qui eum quod.

Those who can, do. Those who can't, post threads about how to do it on WSO.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”