By the time you turn 45...
What do you want to be doing (if anything) professionally? This assumes you want to exit banking.
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If everything goes according to plan:
- 22 to 24: Investment Banking
- 24 to 26: Private Equity
- 26 to 28: HBS/GSB/Wharton MBA
- 28 to 30: Venture Capital
- 30 to 45: Jumping from startup to startup as head of finance or some shit, hoping one is the next facebook and I strike it rich
Naive? Yes? Still banking on it? Absolutely.
If you're serious...why would you do PE/MBA...skip those steps and do VC after IB. Seems like a round about way to get to the same place with minimal at best value add other than having the most risk adverse career path as possible.
the PE and MBA gives you different perspective vs IB to bring to the startups (formatting power point docs and fiddling with models in excel....those are not "real life experience") ...a variety of professional life experience
Sorry for the late response but getting into a reputable VC shop is not exactly a cake walk from IB so unfortunately, would need that PE background from IB to stand out.
honestly i think 30 to be the point where you finish all your prestige hoops and start defining it as 'jumping around' is way too early. A lot of 30 y/os don't even have their shit figured out yet. I assume you're around 22- 24 to be making this post? Plus, i wanna join business school slightly older since the average age is 27 - 28, will mesh abit better with classmates. You also missed out the pre-IBD prestigious background. I'd rephrase it as:
0 - 13: Born into the royal family of King Charles. Become Prince 'Insert hardo name e.g., Lloyd Blankfein'. Prince of Wales (or smtg). 3rd in line to the throne
13 - 18: Eton college. King's scholar. Rub shoulders with the future David Camerons and Boris Johnsons
18 - 19: Take a year out to travel the world doing charitable stuff and air force, as per royal tradition
19 - 22: Cambridge Uni, BA Economics
22 - 23: Oxford Uni, MSc Economics
23 - 25: IB analyst London, GS/ JPM/ MS
25 - 27: MF PE associate London, BX/ KKR/ Carlyle
27 - 29: HBS/ GSB/ Wharton MBA
29 - 31: MF PE VP, except this time you're in New York cuz you got recruited after your US MBA
31 - 35: VC Principal, Sequoia/ Andreessen Horowitz. For fun, you complete side quests like the CFA, FRM, CAIA etc for the heck of it
35 - 40: Jumping from startup to startup as head of finance or some shit
40 - 45: Your startup becomes the next Google and you become a billionaire
45 - 50: Aside from being CEO of your Google, you become chairman of several public companies and also Blackstone
50: Your father and several people above you die. Become King of England. With a heavy heart you relinquish your day-to-day operational responsibilities of your companies to your hand-picked successor, and return to England to take your throne. You remain chairman of those firms.
50 - death: You become the most famous, wise, and capable King of England ever. You provide the government with counsel, drawn from your decades of business experience. You write books about your Principles: Life and Work. You become heavily involved with philanthropy and sit on the board of various charitable organizations. Wishy-washy stuff aside, you are recognized as a financier 1st, king 2nd, so you write various textbooks on investments, corporate finance and valuation. You are recognized among the great investors like Howard Marks and Bill Ackman and your philosophies are taught in MBA classrooms and studied by both public and private equity analysts.
Death: You ascend to heaven and sit on the right side of the Father
Start a company that's successful enough to support me.
Like an Oxfam or Vinnies?
Yeah this. And have the company grow and buy other companies.
Riase beefalo on a couple hundred acres and coach the local high school baseball team. Currently in a T20 MBA program, recruiting for IB and plan on staying in for as long as a I can. Background is in commercial banking so I got to work with a bunch of small companies that absolutely printed cash. Motivated me to make the pivot to IB so that I can go buy a small business (something between $1-2mm in EBITDA).
I will be surprised if I am alive by 45. So many people die young in car accidents, cancer , etc.
I will be surprised if i'm alive by 145
good comment
Hopefully either a PM at a good AM or running my own strategy (which is a total moonshot at this point)
I better be retired and on a beach somewhere, or what was all this for?
But when it's all said and done I'll be 40
Before I know it with a 40 on the porch telling stories
With a bottle of Jack
Two grandkids in my lap
Babysitting for Hailie while Hailie's out getting smashed
'Cause every time I go to try to leave
Someone keeps pullin' on my sleeve
I don't wanna, but I gotta stay
This IBD really got a hold of me
'Cause every time I try to tell them "No"
They won't let me ever let them go
I'm a sucker all I gotta say
This IBD really got a hold of me
Ideally earning my promote building a trophy office building in my hometown. Always been a dream of mine.
Hopefully have put my home city/town on the map
music or movies or both
I'm only like 6 months into the existence of my music project but hope to make the project somewhat successful at some point in the future
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