8 figure comp in IB/PE compared to tech?
Hey fellow apes, Addressing a very controversial question that is valid for top 0.1% of the industry. Recently heard that Open AI is paying 10 M to top PHD research scientists for AI based roles. These are approx 90-100 people and have shackled the industry( even higher than median HFT ceiling). Previously, all my peers in FAANG used to agree that it is easier to break into 7 figures in finance. Even top techies in big tech (L8/L9+) were getting the likes of 2-3M which were literally approx less than 100-150 around the world ( fellows and DEs). Have connections in the industry and more MDs in IB are breaking 2M figure ( not talking about beastly rainmakers) than the possibility of doing so in tech ( yes, for someone who can’t go upto MD or DE, the ballpark terminal is same give or take 100k).
The question I’m addressing to y’all is, across all banks and PE funds(corp fin, no quant), are there top 0.01% people breaking 8 figure paydays ? Please try not to include founders. Want to know about top teir rainmakers in IB/PE. At a super target, have the option of going both ways- tech and finance, in it for the long run, prefer investing and deal making over coding anyday. I know this is absurdly stupid, but wanted to reaffirm, are people breaking the figure or is it impossible in finance now for anyone. About the lifestyle- have some glimpses into it ( a very close relative was in high finance but retired in like early 2010s and joined a start up) and willing to grind it out.
Absolutely. Between PE carry checks and the handful of top rainmaker IB MDs who clear $10M+ a year, yes. I'd argue more than the tiny handful of PHDs at 1 company
It's silly to compare these though. The life of an IB/PE person is sooooo different from a PHD research scientist at a tech firm. Pick what you are good at and interested in, the road to success is not just optimizing to the Nth degree
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