The guys who don't make it on the Street-where to from there??
Every now and then, I hear people call IBD a "job, not a career," and it is known that turnover at high finance and audit firms is high. But how often do people actually go into other entirely different fields (like medicine, teaching, law[well not so much law]) after finance, assuming they don't make private equity, go MBB, or move up in MM or BB bank? What about MO guys? Accountants? Or what do the guys who try a tech-startup that folds do? Or go to an HF and get dropped?
Interesting. Commenting to hear some feedback
you mean what other jobs exist outside of IB? there are a million of them. the friends I have that didn't make it ended up in low level sales jobs at big companies. the accountants I know went in house after big 4.
A decent number of them take F500 Corp Dev roles, and I'm starting to see folks transition into Biz Dev at start-ups.
A lot are going into tech now a days, and not just the ones who "don't make it"
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