What is your net worth?
I will start (please follow the same template):
- Associate 2 (4 years in banking)
- London
- Net worth: £235,000 (includes everything, ie also my pension contributions, and I subtracted what is remaining of my student loan)
- Did mom / dad help at all? : I received £0 from them (birthdays included). I am also repaying €30,000 in student debt (almost done repaying!)
Graduated in 2022 and am a recent 3rd year / senior analyst. My total net worth is ~$175k. The breakdown is below:
A couple, notes 1) I have received 2 bonuses thus far, 2) my Sophomore + Junior Internships were remote (COVID) which let me save ~$20k in UG, and 3) I live fairly frugally for NYC (rent has been ~$1.8k / month, no lavish trips, no Equinox or SoHo House, etc.). Recognize how fortunate I am to be in this position today. I likely will only have 1 more IB bonus in my future before moving to a more relaxed job.
Jw, but what watch do you have? Thinking about getting one around that price range
I have a Tudor Black Bay and love it. I bought it for ~$3k used and assume that I'd be able to sell it for at least $2k (but likely more). A couple other watches I like in the $2 - $3k price range: Cartier Tank Must (Quartz), Tudor 1926, Oris Big Crown, and Nomos Club.
Which aggressive ETFs?
Mostly QQQ, AOA, and TQQQ nothing to crazy. I also have a good bit of VOO
Looks like you prioritized PA vs maxing 401k, why?
Incoming investment banking summer analyst( Start Monday)
London
Net worth:£7,100
Did mom dad help? Yes they buy my dinner and paid my school fees
😎
Based on
Analyst 2 with a net worth of $75k. I’ve only had one bonus so far. Going a2a so expecting to add at least another $75k in the next 6 months. I have the expensive gym membership and relatively expensive rent at $3k. I also go skiing every winter and Europe in the summer. Gym and travel is worth every fuckin penny. I don’t spend a bunch of money going out though. I honestly don’t like drinking and generally don’t like food very much.
Director
NYC
Net worth: $6mm. Earned primarily through stock market and real estate, not banking
Did mom / dad help at all? : they paid for college and MBA tuition, helped pay for a credit card until I graduated undergrad and also bought me a car upon college graduation
Very impressive. Did you get lucky on some stocks? This can’t be the S&P500 alone I think?
kinda strange to have your parents pay for your MBA when you have so much money
I hope the MBA racket collapses before then, but if I wanted to set up my kid and am also very well off, why wouldn't I pay for my kids college? His parent's might be worth $20M and might have had a 529 account earmarked for it.
Congrats, how old are you?
ASO 1 (3 years) in IB
NYC
NW: ~$280k (70 in 401k, 200 cash, 10 misc)
Assistance: Graduated with negative net worth from student loans, but parents paid for all tuition not covered by loans, otherwise zero help, have paid for housing since sophomore year
interested in the mindset for $200k cash - making a purchase soon, or just a comfort play?
Associate 3 (3 years in PE)
London
Net worth: a bit over £500k (includes everything, ie also my pension contributions, and I subtracted what is remaining of my student loan)
Did mom / dad help at all? : They paid undergrad tuition and rent. £15k student loan (subtracted above)
Numbers exclude any value of co-invest or carried. Everything is ‘cash’ - no real estate (and hence no hypothetical appreciation counted)
That sounds great - How many years did you spend in IB before? Also how do you compare the lifestyle at your shop vs your time in IB? And do you make more in PE vs IB?
I spent 3 years elsewhere before moving. My Y1 all in was maybe £55-65k from memory and now maybe £300-350k(?)
What size PE firm?
How much have you roughly saved per year to get to this net worth - i.e. cash vs investment return split?
Woah! This is impressive. How much is coming from appreciation and how much was dollars saved?
Being associate 2 (and with some months off switching) I'm about £150k I'm a bit curious about you get there :)
Investment Banking Summer Analyst (London):
Net worth: -£65,000
Includes:
Student loan debt: -£75,000
Investment account: £10,000
Help from parents?: Paid rent during university and also received £3k for savings which, along with money from smaller internships I invested mostly in TQQQ which makes up my £10k in investment account.
Internship money should cut the negative NW by a further £10k.
PE Associate 1 (2 years in consulting in London before)
London
Net worth: £100,000
Did mom / dad help at all? : No help
Consulting in London doesn't pay
You saved £100,000 in the first 2 years of your career and it cas in consulting? Pretty impressive! After 2 years in banking I had less
$3.25
How did you do it? Assuming a few lucky homeruns in the PA? Impressive
Impressive
5 years in consulting
Florida
Net worth: $200,000
Did mom / dad help at all? : no. graduated with $200k of student debt from M7. just paid it all back last year. now debt free.
-Went to state school with full tuition paid for through state funding. Parents paid for books, housing and necessity food while in college.
I like to save a lot but am not crazy frugal. I had to pay for own wedding so between that, ring, new car and house in last 2 years it’s been slower growth but hoping to be at 1MM when I have my first kid.
MM PE VP 1 (in NY but previously in London so will use GBP for everything as it's easier). Given my age (early 30s) my net worth will probably be embarrassingly low compared to others on here who are much younger. Main reasons are - didn't start working in finance until I was 25, I've lived well and not been particularly frugal (a lot of exotic holidays and great memories over the years), and no help from parents. And for PE I've definitely been underpaid over the years (currently have no meaningful carry despite being a VP due to the market). Also doesn't include pension/IRA here.
Net worth: £500,000 ($630k)
Includes:
Apartment Equity: £250,000
Investments: £150,000
Liquid Savings: £50,000
Car: £50,000
Help from parents - n/a
Love cars but I wouldn’t value at cost unless it’s a very sought after classic.
Graduated 2022, 1.5 years on buy side in NYC.
About $35-40K net
22K in investment accounts - Roth and brokerage. Have only gotten to do one year of the backdoor rollover. Invested exclusively in QQQ, nvidia, and uranium.
10K cash, 10K BTC and ETH
A few nice watches worth about 8K but wouldn’t sell them. More niche brands so resale was not a consideration. Enthusiast pieces though. In a pinch I’d sell the crypto first.
About 400K DAW of carry, assuming a 2x of current fund. Treating it as nothing until I see a check but I think there’s a good shot I see at least 5 figures of it before 2030.
No debt aside from normal monthly credit cards, graduated with college generously paid for by parents using military benefits and some savings.
I would say my allocation is pretty retarded and I’ve been meaning to fix it.Still, I feel pretty blessed to make this much just two years out of college and live in NYC. Very high QOL and mostly chill hours. Can’t complain.
Lllllll
It's a small fund. I can't share any more, it would be too easy to doxx. I'm the only analyst. I got both unlucky then lucky as I was laid off from my analyst program right after starting. Ended up finding this and basically starting over like I graduated in Jan 2023. I feel both behind and ahead honestly. I had planned to finish the program but life doesn't always go how you think.
Finally positive! I still have a bunch of student loans to finish but my IRA/brokerage accounts eclipsed my debt sometime around 6 months ago.
Role -- corporate Finance Director/VP, started in corporate data analytics
Age -- late 30's
Location -- tier 3 US city (was Midwest, now Las Vegas)
Net Worth -- $1.2M (was extremely slow to invest, held onto ALL cash WAY too long) -- 50% brokerage, 30% 401k, 15% bonds or high yield savings, 5% checking/cash.
Help -- with school, yes; however, was not given any money into a bank account besides tuition/board assistance, started working with $3k in my bank acct
What I would do Differently -- invest invest invest. Kicked myself over this one and missed out on significant net worth due to it. 401k AND move what you don't need in checking (plus 3-6 months living) into something with actual possibilities of returns. "The best time to plant a tree is 10 years ago, the next best time is today".
Are you single? Do you have kids? Overall I think this is pretty good so far and If you really punch it, you can probably get to $4-5m by retirement. Even at 6% returns you are going to hit ~$5mm at 65.
Curious when did you begin to invest more heavily into the market?
Good question...maybe 2015? Honestly unsure if there was a binary before/after but approximately around then. Given I'm Tier 2/3 city guy who works in 'normal' corporate finance, I'm not like-for-like with most on here.
Dont kick yourself too much. For someone in a corp fin role that is still an exceptionally high net worth at that age. The results on this thread will skew in a certain direction because it's people willing to self report and select group of high income earners, but I guarantee your workplace peers dont even have half of what you have saved
$670k, working in a strat fin role (did banking and pe before), 30
feel pretty behind compared to my peers who are either still in finance (very few are) but also the product and engineer folks i'm around
How do you know the net worth of your engineering and product peers? The vast majority of engineers dont have close to that NW at 30 lmao
uh not sure how this is a foreign concept for u :) people talk about net worth and maybe the people i hang out with aren't average engineers(nor are they upper echelon)
age?
late 20s
IB AS1 (class of '21)
US
Net Worth: ~$310k (~$100k 401k, ~$135k PA, ~$35k roth IRA, ~$40k equity in a car that doesn't depreciate)
Parents paid for college but nothing since; very grateful to have graduated with no debt - I had probably low-mid 4 figures in my PA when I graduated, with another maybe ~$20k (?) in my roth and a ~$6k car I bought myself
• Intern
• Location: Nashville/Singapore/Bangkok
• Net worth: $2,000
• Did mom / dad help at all?: They paid for uni and housing.
Mid 30s. $1.4mm liquid. $400K 401K, $600K taxable brokerage, $230K cash, $170K RSUs.
2 years banking, 2 years PE, now corporate strategy.
Parents paid for state school undergrad.
I am a big dumb idiot and sat out most of the bull run in my 20s because I convinced myself "the next collapse was right around the bend". I should probably have like $800K more than I have now.
Role -- Corp Fin manager
Age -- 30
Location -- tier 3 US city, low COL
Net Worth -- ~$325k -- 1/3 401k (all stocks), 1/3 home equity, 1/3 brokerage/HYSA/IRA/checking
Help -- None. Graduated with ~30k in debt. Scraped by in college- stretched $100-200 over each semester to cover all entertainment. Almost never bought books, sold the ones I had after the class was over. Also paid for my MBA out of pocket (around $70k).
Earnings and NW growth have really picked up over the last few years as I've gotten some major promotions. I expect to get a director promo this next cycle, which sets me up well- director at 30 makes it more or less inevitable that I hit VP before 40, which gives me a great shot at C-level. My hope is that I'm at the base of a hockey stick NW graph.. but don't we all?
I'm 31, entrepreneur, and not sure. Somewhere between 8 fig and high 7 fig depending on how this year goes. ~90% of my NW is in the stock of two companies and they could be worthless very fast or vice versa. Then most of my invested dollars are in private cos, or small PE/RE/HFs. Keep a lot of dollars liquid in cash around b/c of this too, but in-case a great opportunity comes along to invest in.
I don't really live it up much b/c I'm super paranoid, also I don't recommend entrepreneurship unless you are unemployable and kind of stupid (me).
Not sure why you get MS on posts like this lol. You're the most legitimate entrepreneur on WSO that posts regularly imo.. what do people have against you here haha
People get really upsetti spaghetti about it too even though I'm pretty transparent lol. It's not like I claimed my main LMM co is DEFINITELY WORTH $X. Made it obvious it is binary.
Del
I wish I hadn’t read this thread
Why?
This is supposed to motivate all of us.
age?
21 (22 later this year)
Going into my senior year once this summer internship ends
Analyst 3 (~2y in ER)
City: NYC
Net worth: $500k
Family help? Yes. (1) graduated from school debt free (2) parents put aside $35k for me when I was born (roughly 250k now — keep that $ in a separate account). (3) That cushion allowed me to make some pretty speculative investments that paid off nicely.
$0.
Is anybody hiring?
M24
401K: 25k (just got one at recently at small firm)
Roth IRA: 25k
HYSA: 65k (saving for second laundromat)
Laundromat Equity: 260k
Total: 375k
Parents paid for college so very lucky
Thoughts on being in a laundromat? How long have you been in it?
I love it great industry also going back for my masters before hopefully transitioning to REPE
Age: 21
NYC Tier 1 EB Intern (CVP/Q/PJT/EVR)
Net Worth: $650K
Parental Assistance: Got $100K from dad to kickstart my PA when I was 18, made lucky trades during COVID and a bull market
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