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?

7 Comments
 
thebrofessor

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.

No what I meant was where did the guys who got ibd jobs, and didn't move up (or lateral to PE), go? THEY went to low-level sales jobs too?? Obviously the brokers and PWM guys would do that, but former IBDers??
 
Opi

A lot are going into tech now a days, and not just the ones who "don't make it"

I know a lot of people wanna do tech, but I wonder about the guys who made it in IBD, went to tech, and the company crumbled. What kind of positions do they have in tech if they can't program tho?
 

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