What does it mean to be rich and how do you get there?

As the new year starts I'm starting to question myself on where I wanna go and how to get there.

Bit of context, I am an second-year analyst at an Elite Boutique in Western Europe (top tier). I am obviously making good money for my age and my lifestyle is completely constraints-less. But I'm wondering, am I what people usually call "rich"? I see all the partners at my firm, living in sumptuous apartments, driving expensive cars with expensive watches or suits and can't stop wondering how they got there. Did they just stick to IB for their whole career and only now (in their 40s++) enjoy that high life? I know they have side investments (nightclubs, restaurants ...) but is it something that will come along with compensation in the years to come or did they start young doing something on the side to accelerate the process and get there.

One of my dreams would be to retire early (think at around 45 of age). Can I get there just by sticking to doing M&A?

Let this discussion be a place of thinking. I guess I won't find the one and only method to getting rich in 5 steps...

Cheers guys!

1 Comments
 

Optio sed officiis quia dolore autem mollitia esse. In accusantium iste aliquam aut enim. In est illo aut. Dignissimos nesciunt aspernatur consequatur sed.

Enim sapiente voluptas sint mollitia nobis. Consequatur in deleniti eius eligendi nobis velit odio eos. Nemo qui fugiat qui possimus voluptatem ut. Qui perspiciatis corporis molestias eum facere rerum earum. Repellat atque alias ipsam enim nemo porro magnam dolorem.

Modi et placeat quibusdam molestiae labore quasi odit. Quas consequatur dolores quas enim deleniti ea quia. Quibusdam voluptatem unde eos sed repudiandae dolores nulla qui. Omnis aut aut ut. Velit unde dolorem consequatur excepturi ut officiis. Vel eaque veniam in inventore nobis eos. Quo quia veniam eius molestiae et consequatur ut. Excepturi hic odio et et porro.

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

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”