Rank these in compensation
Round 2, who makes the most in their lifetime if they all retire at the age of 65 (average age of retirement)
1) IB MD
2) MBB Partner
3) Biglaw Partner
4) Big 4 Partner
5) Heart Surgeon
Round 2, who makes the most in their lifetime if they all retire at the age of 65 (average age of retirement)
1) IB MD
2) MBB Partner
3) Biglaw Partner
4) Big 4 Partner
5) Heart Surgeon
Career Resources
Rank the following users for shit posting:
Shit posting is my duty
You are asking the wrong question. The right question is : What do I have to do to become one or any of these? Why not throw in corp CEO , CFO? It' s not about the money. You'll never get there if you focus on the money. You will run out of steam long before those opportunities are remotely relevant. At some point, once you make enough to satisfy your lifestyle, income takes on much less of a meaning and the only way to slog through is to do something you genuinely like. Everyone would like to make that type of income but 99.x% quit long before they reach that level. It's not because they're not as smart or anything like that. It's simply because they reach a certain position in life and aren't willing to do what's necessary to obtain X. They're not quitters. They simply don't care about getting to X anymore because life is far better where they're at.
Focus your time on building skills, working your butt off and figuring out what you really enjoy. Once you do that, the money will roll in.
That's a really interesting mental image..
People scaling the ladder til they find their own personal escape hatch to coast from.
Yes, and I would suggest it's not necessarily a coast at that point. You evolve into something different over time. You want different things. You may still be working your butt off but in a different direction to accomplish something else. You may actually coast and redirect your efforts to community service, philanthropy, etc.
I spent yrs being very active in youth sports, coaching, organizing, fund raising. I still worked but ratcheted it down (actually got very efficient at the mission critical things and decided everything else was meaningless- which it all basically is. Moved my office to a space without room for me so the only time I EVER came in was for a client meeting. Everything else was done by phone- sometimes pacing the fields at practice during warmups)
Generally agree except the last part about money rolling in. Being able to do what you love to do while making a living is already a dream for most ppl. Money won't necessarily roll in when you do things that you actually enjoy. Honestly, I'd take 50k pay cut to do what I love to do every day and I'd still be a happier person.
Trust me, if you get REALLY good at what you love to do, AND it is meaningful / valuable to others, AND you know how to execute, the money will roll in. Be effective and efficient. "Good to Great" stuff. Actually works. Been working that way for over 10 yrs. I work less each yr and my income (mid 6 figures) maintains or increases each yr. I just refuse to do the stuff I hate or I'm not good at.
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