Would you prefer prestige or pay in this scenario?
Scenario 1: Pay full sticker for WHYP undergrad, then work at GS/MS/JPM for $50K/year and then exit to BX/KKR/APO for $70k a year.
Scenario 2: Go to a state school on a full-ride scholarship, then Corporate Banking at WF for $300k/year.
| +24 | How do we get as sharp as possible? | 10 | 3h |
| +18 | Q&A | Analyst | 8 | 3d |
| +14 | Best way to kill time? | 10 | 13m |
| +13 | How Are Cornell 7 / GC Members Affecting Your Bank or Firm? | 5 | 22h |
| +12 | Upselling yourself when you’re unqualified | 2 | 33m |
| +5 | Deciding what Keyboard is the best | 12 | 2d |
| 0 | Analyst Y1 - Messed up In First Week | 2 | 2m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Top 3 dumbass questions
this is the same poster who made a whole thread calling Jim Donovan hot.
------------
gonna get MSed for this, but unironically scenario 1. I want a career in investing at a place like baupost, and in the meantime i can make enough being a college/IB/pe recruiting consultant (i mean those guys get thousands an hour). i personally find social prestige valuable too because i am superficial and insecure, and as a bonus those names do open up doors. Change it to 10 mil and the calculus changes for sure. Everyone has a price, and i’m no exception. I know a bunch of kids whose parents would pay millions for them to work for free as a slave at GS, so clearly i’m not alone here
The math here is bad. The value of the first path is the earnings until you die. You can ride a prestigious university and first job for a 30 year career. The commercial banking state school route if you get fired you could have problems.
Early on, Prestige/Learning > Pay, later you trade Prestige for earning or career satisfaction.
There is little use for prestige when you have a family and if anything people knowing about the firm I work for is a safety issue and/or people assume I’m pretentious. Prestige is great if you have deep imposter syndrome or are insecure, but otherwise it has more drawbacks than benefits in the late part of your career. Blue-chip brands and firms at the start are very important for credibility though.
What kind of stupid ass question is this
Aliquam aliquid hic soluta voluptas sed consequatur nam. Distinctio vitae dolores exercitationem magni quam sunt dolores. Repudiandae repellendus iure fugiat nesciunt officia ullam deleniti libero. Veniam voluptatem dignissimos voluptatum.
Ut adipisci itaque dolor recusandae nihil corrupti. Ut non qui magnam delectus iure.
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...
Voluptatem nisi voluptas eius repellat blanditiis accusamus. Vel similique illo vitae nostrum quo est. Necessitatibus qui magnam magni atque. Rerum quibusdam quo animi aut voluptatem necessitatibus. Et provident minus at voluptas. Enim aliquam sit necessitatibus sed vel.
Omnis esse incidunt tempore quis. Tempore vitae molestiae consequatur odit libero blanditiis voluptas eligendi. Porro dolores magnam ipsam. Nostrum ab perspiciatis sequi quisquam vero neque voluptates. Harum amet ea aut culpa illum.