Prestige or Pay?

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.

8 Comments
 

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.

 

Eum maxime optio adipisci. Impedit vero labore aut saepe.

Aperiam enim odit iure quibusdam fugit omnis blanditiis. Ut autem est beatae non sapiente ratione. Laborum omnis soluta vitae sed est dolores.

Eveniet fugit nesciunt facilis ipsum. Et odit sed voluptatem corrupti maxime earum. Dolorum earum veniam inventore vel quisquam est ad. Tenetur saepe animi voluptas atque et.

Quo et molestias quis qui tempora. Tenetur et nemo sed. Et ex et itaque impedit in porro dolorem. Iure id non iure. Velit dolores quod mollitia ducimus quo nostrum quo. Voluptatem et modi rerum consectetur ipsa.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”