Age of Retirement in Investment Banking
In spite of the current topics surrounding DEI, layoffs, the recession, job hopping, and the death at BofA, what’s the age of retirement for career investment bankers?
What does this even mean? Retirement is a financial position based on one's spending needs and capacity to save.
If you plan to spend very little in retirement and save a ton of your salary, like 35?
If you succumb to lifestyle creep and blow all your money, never?
I get that but that’s not why I asked
Generationally speaking, job hopping and DEI initiatives became a thing because of the ceilings people faced trying to climb the corporate ladder. I’m a newbie but this phenomenon seems to have started in the 2010s.
I don't see what this has to do with retirement.
There are no ceilings if you're competent. You are constructing a false narrative based on the impotent frustrations of sub-par bankers looking to blame boogeymen for their inability to be promoted due to their own poor performance.
Fair
I’m not in the industry to know, I’m commenting from the outside but that’s the impression that’s shown
Pretty late in NYC
Need a ton of cash to be able to sustain spending for a lot of miscellaneous things if you were at the MD level for a while
Word, so there isn’t a set age requirement?
For example, I know France is continuously debating whether the age of retirement there should be 62 or 65.
Bump
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