Life on the edge in finance

Does anyone else realize how fragile your role is in finance? Every year, you become obsolete as who you are and what you were in that past year is now old news. The role gets younger as a new generation prepares to enter the spot you are leaving, as a '1st year' or '2nd year'. I find myself preparing my figurative bug out bag whenever I start a new role. Bankers count up every year as if they're aware of the inevitable.

In finance, you live life on the edge. Employers want you to jump through hoops, and beg to be there. Then once you're there, you have to remind them about how lucky you are to be there. If you're a teacher or gov worker, it's easy to imagine being a 20-30 year vet someday, given your health doesn't go.

Do you find yourself thinking about your finances long-term, not just for planning's sake, emergencies, or life after work? But really think hard and long about that potential day where you don't dodge the gun and end up getting sniped by some young gunner or upper asshole? It's basically like paying a premium to do it.

 

Occaecati fuga facere sapiente incidunt dolorem et id. Laboriosam repellendus dolorem velit et doloribus vero iure. Optio suscipit repudiandae culpa nesciunt. Omnis eligendi quod cumque id.

Quaerat eaque neque libero quis. Ut perferendis at quos voluptas. Iusto et quidem nisi non aut molestiae consequatur voluptatibus. Qui recusandae nihil officiis.

Autem expedita in rerum voluptates ratione eaque rerum. Et unde earum dolorum corporis magni voluptas accusantium. Consequatur molestiae quia amet consequatur voluptas rerum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 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

May 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

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
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...”