Net worth
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Bump
A lot lower than it was at the start of 2022...
Does net worth include the equity you have in property?
Yes please
Age: 25
Net Worth: 7.1MM
Title: Richer-than-you
Career Path: Father, MD at hedge fund btw, got me a job at the fund. Already partner. Beat out some nerds to get it lol
Mid shitpost
Pretty much bottom if you ask me, zero creativity
Age: Just turned 25, 2020 grad
Net worth: ~125k once my bonus hits in March
Title: Associate, but that’s the Analyst equivalent at the firm I just joined (Large REPE/Dev shop with ~20Bn AUM)
Path: MO analyst program at a BB for a year. Then a fintech startup that got acquired right after joining, making me a VP equivalent (manager/senior manager) at a large consumer bank. Was bored so decided to leave and got lucky networking my way over to current shop
Took a decent sized paycut to land my current role, and a big step back in role (effectively VP down to analyst), but feels worth it in the long run. Modeled out my earnings and net worth and I should be at ~600k NW by 30, and ~1.6mm at 35
what's your annual base?
Currently on ~105k. Range on bonus could be anywhere between 20k and 40k I think, really have no idea outside of what my guaranteed minimum is (10%). Should scale meaningfully every year after this one low one.
Assuming you didn’t have real estate experience before - how difficult was it to break in from your previous roles? Have a background in IB and now in a startup finance/ops role maybe similar to your second gig. Also trying to find something different and had real estate experience in college but not really relevant experience full time.
27, 500k, IB associate
31, $1.4m, IB to PE
Did you do a MBA?
Nope, my shop didn't require me to.
Congrats on the success! Any insights on how this breaks down between wage, investment income, etc? Purely from the traditional IB / PE path feels challenging to get to this number so early on?
~$600k brokerages, ~$100k cash, ~$400k 401k, ~$400k book equity value of property.
26, IB --> own search fund --> operator owner --> ~9mm if including home equity net of debt.
Is most of that from the search fund / owning? Does “own search fund” mean you self funded the entire thing?
Curious if you got your MBA prior to initiating the search fund.
30, ~$1.5M, Principal, IB to Growth Equity
How's the lifestyle like at GE vs PE
Candidly, wouldn't know since I never did buyouts. However, I do interact with folks at my firm who do. Net-net, I think the work streams are just completely different and its hard to compare. In GE, it pays to be a good salesman (for sourcing purposes), work independently with limited direction (processes are rarely banked), and to be analytical enough to gain alignment with peers on new investment ideas. In PE, until the senior levels, folks who excel are very analytical, process-oriented, can put up with a lot of deal work that yields little value, etc. If you are comparing simply on hours, PE is way more brutal and their DD processes are generally more thorough (turning over every rock and also dealing with more counter-parties vs. GE more follows the 80/20 rule and figuring out "what you need to believe" for growth underwriting to work)
Congrats on the success! Any insights on how this breaks down between wage, investment income, etc? Purely from the traditional path feels challenging to get to this number so early on?
$750K (personal brokerage), $180k (401k), $220k cash, $500k invested in co-investments (net of leverage); not included: carry dollars at work
Impressive. Very nice. Let’s see the TQQQ guy’s net worth
24
Hoping to be around 130ish once bonus hits
REPE
For context think I'm somewhat underpaid so wishing that number was a bit higher
23, 210k, IB
Genuinely curious, how much is your spend on rent / lifestyle? Also, when did you start IB? Trying to do the math and it's hard to get to $210k after ~1.5 years of IB after taxes. If true, I'd love to hear some investing tips / habits you have to help out
35
~$27mm
HF
Oh wow! Congrats on the successful career thus far. What kind of fund do you work at?
Do you have a number? Or do you truly enjoy the work and will stick around regardless as long as you have the opportunity?
How much of a grind is it at your level now? Constant stress? Want to know if this path does get better, though I'm sure you love what you do so you enjoy the stress so to speak.
Also - any non-targets in your company/industry?
Age: 25
Net Worth: 250K
Title: IB analyst 2
Career Path: started out of undergrad (took extra year)
How have you saved $250K in two years as an Analyst?
came into FT with about 120K (95K from investments that hit big during covid, and 25K from internship/signing bonus).
At a little over 300K now and hoping to be at ~375K when I leave post bonus, so will have saved 250 over the course of my 2 year program.
Invested my bonus, maxed out 401k and backdoor roth IRA, and benefitted from cheap rent so I save about 2-3K a month on my base. Rest of the difference is investment gains
36
PhD => Quant at HF
~5m personally or 7m as a household including wife
Lol I’m a 1st year associate in growth equity - will be 26 when bonus hits this summer, and my net worth will be ~$170k. Did 2 yrs of BB banking prior to this…
family not in the best financial situation, so been giving $1k/month to the parents since I graduated college.
How are folks getting to $1m net worth by 30? I get to roughly around $600-650k (including 401k) by the time I’m 30 if I stay in my current path…Genuinely want to know how I can better manage my current situation/investments to get closer to $1m over the next 4.5 years
This is very unrelated, but I’m in a situation where my parents will be pretty much dependent on me starting June (when I start my Ft stint) I was wondering if I can PM you to navigate the similar situation
strong market returns (2022 notwithstanding) help
You’re in a forum where people can say whatever number they want full of other people that put “prestige” and value on being rich.
does the 1k a month help your family out a lot? Considering doing this too
Honestly dude ur doing great. It u hit the 600k at 30 u will be at 1M by 32 with some good years in market + additional contributions; obviously doesnt account for any lavish habits but if living a normal “upper middle class” lifestyle thats the math.
Age: 25
Net Worth: 225k
Title: PE Associate
Career Path: 2 years IB, 5 mo. PE.
live in TX so COL has to be lower than most.
Age: 25/26
Net Worth: 750k
Title: PE/GE Associate
Career Path: 2 years Consulting, 2 years PE/GE
Expect to hit 1M by EOY (Age: 26)
How?
Rich parents lol.
2 years MBB + 2 years PE/GE (given he said GE, likely making a slight discount to MFPE) means he's earned roughly 850k gross or so (~110k + ~125k + ~275k + ~325). Post tax maybe he's looking at 500k or so. Even if he saved 50% of his gross every year (highly unlikely unless living at home) he would only be looking at roughly 500k including investment gains.
No one is hitting 1M net worth by 26 by themselves unless there is more to the story. Doing it by 30 is very achievable for sure (I will hit it at 32 or so without any help, but I didn't start in IB), but 26 requires crazy years at a HF, getting lucky at a startup, or rich parents.
Live in a low-tax/LCOL city (outside of the US), stay with parents (no rent), save ~70% of all post-tax income (low lifestyle costs; also generous expense policy), started working since age 15/16, couple of side hustles and early tech stocks / crypto investments (cashed out a good chunk in 2021/22)
Unfortunately not born to rich parents (actually lower-middle income) and 10-20% of monthly income goes to supporting the family
del
Age: 23
Net Worth: 100k inclusive of bonus hitting soon and of 25k of student loan debt
Title: 1.5 yrs in as analyst (class of 2021)
Career Path: Out of undergrad
Location: MCOL
Context: Net worth was pretty much zero when I started, but parents paid for bulk of school, with the remainder in loans. Also did not have to pay for my car, borrowing from the family as will probably move to HCOL in near future
So you saved roughly 150% of your post-tax income income in one year of banking? Interesting.
Age: 24
Net Worth: ~$160k inclusive of 401k
Title: PE Associate
Career Path: 2 years IB, 0.5 years PE
Feels a bit low, taxes and I have a relatively high CoL in NYC (travel, eating out etc.). Shitty market hasn't helped, with brokerage portfolio (80% of savings) down ~10% cumulatively.
Doing the math, if I stay at my fund in PE without getting an MBA and have a portfolio performing at ~10% p.a., I might just scratch $1M by 30, excluding carry. Not sure it's worth the grind to be honest. Maybe the math changes on the HF side?
Age: 26
Net Worth: ~$700k ($500k equities & $200k in equity from 2 rental properties)
Title: PE Associate
Career Path: Non-target Uni --> 2.5 years investment banking in low COL city --> MM PE in Tier 1 City
Started a grass cutting business at 15 and never stopped working as well as have always been prudent with finances. Next step is likely buying a business myself so trying to build capital to do so as quickly as possible / have enough money where I have the flexibility to pull chute at any time. Moving the higher COL city making a meaningful impact on how much I can save though.
Age: 33
NW: $24mm
Title: Partner / Sr Analyst at single manager HF
Comments: Started in PE, large L/S since. Had a few great years, got lucky, kept my head down, worked for great people. If I can give one piece of advice it's work for good people. That's everything in this business. You don't need to put up ridiculous numbers to make good $. Yes you obviously have to be a good investor but more than anything, have to find the right fit, have to LOVE the job, right boss, right team.
But as for comp / NW / purpose of this thread, it's really a function of 1. Getting carry / pts in the GP after being an analyst for 5-6 years, and 2. Plowing said carry back into the fund (if good performance). At the right fund in an okay year with points, you'll make just as much as anyone in PE or banking or whatever. In a good year, many many multiples.
Awesome. Congrats on the success. Is this a tiger/pershing level place?
Would say so
Congrats! You're killing it. What has comp in really good years looked like for you vs normal years? And approximately what percentage of carry can one get as a partner at tiger cub/ pershing type funds?
Information here is really hard to get. So would love to know
Age: 23
NW: $85k
Title: CRE Analyst for a family office
Career Path: Line cook -> dishwasher -> delivery driver -> bouncer -> bouncer at a gay club (the tips were phenomenal) -> bartender -> RE internship -> IB summer analyst -> acquisitions internship -> acquisitions analyst
Hope to get some more experience then go out and start my own development shop eventually. Want the freedom that comes with being my own boss.
Age: 25
3 years IB + 0.5 in HF IR
NW: $300k ($230k liquid + $70k retirement)
TC is resetting back to $225-275k for the next few years, but I’m gonna keep plowing into VOO and maxing out retirement when I can. Misery in banking was not the answer, and I’m honestly spending less working 60-65 hours / week on my day-to-day when I’m not stress eating / stress drinking / crushing several coffees a day.
I’m fairly frugal and to be honest - after having all but one big vacation cancelled, not traveling after grad, moving home during COVID I’m ok with the pay cut right now. HCOL life is tough though, and looking at an MBA may set me back a ways but have a couple of years to decide that.
This thread makes me feel poor as fuck
Only people with the highest numbers want to comment. I'm sure most on this forum are well past the average.
Age - 24
Role - ~2 years as PE analyst from undergrad
Net worth - ~$50k
Tbh - not sure how folks saved so much. Candidly, was at a shop with an awful expense policy, low comp, and abysmal base in Tri-state (high COL and double state tax) so it felt very much paycheck to paycheck until I got my last bonus which drives most of the net worth.
New role pays double base and bonus. Hype. Hopefully will be able to save more.
Same. Makes no sense people do two years and end up with $300K?
The only way I can see that happening is if you work at a high-paying EB and your parents literally pay for absolutely everything for you and you keep 100% of post tax income in savings. Even then, you'd have to be making $300K pre-tax for two years as an analyst to get to that number?
Just worked part time in college for 4 years and internships during the summer.
Made 175, 200 first two years of banking pre tax, and saved 50%.
what's annual comp? Also how have u allocated the personal account? Index or cash?
Any investment tips?
Age: 32
Role: S&T -> credit fund
NW: 1.7mm
Europoor checking in:
Age: 26
Role: 2 years MBB
NW: 50k in USD
Age: 26
Role: Dicked around in FP&A for three years, now in my second year as an Associate at a MM (ignore title)
NW: $80K at peak around early 2022. Now closer to $60K (fucking TQQQ)
How are people saving more money than they make a year? A lot of Analyst 2s claiming several hundred thousand dollars in savings. Even if your parents pay all your bills and you save 100% of post-tax income, you'd have to make $300K/year as an analyst to be an Analyst 2 with $300K in the bank.
How did you go from FP&A to IB associate?
No idea. Applied for tons of gigs, never heard back. The one I ended up landing was Associate level. I definitely embellished my resume though haha.
I wonder whats the average for finance professionals maybe post-analyst stint or maybe at like 25 and 30? Surely the posts on here are well above the norm even within finance.
At roughly $350K liquid, $200k in 401K / IRA, $50k in co-invest, and $20k in crypto. Around 5-7 years out of undergrad.
Age: 22 (Junior in Undergrad)
NW: ~270k (150K inherited from a trust fund)
Career path: Summer analyst this summer, have worked every summer since 8th grade with significant pay bumps
Would love to try and hit 1M by 27-28.
Age: 35
NW: $19.5m (should be mid 20s after this year)
Title: PM (MM HF)
Career Path: IB -> SM HF -> MM HF, been at current fund for 6.5 years, started as analyst, PM for ~5 years
90% of NW came from current seat. Tons tons tons of upside in pods guys
How much does i) comp upside and ii) job stability differ between being in credit at a pod vs equity at a pod, in your view?
There are some astronomically wealthy people in here. I'll bite with a much more modest data point:
Age: just turned 30
NW: $812k almost entirely in low cost index funds, with a little company stock sprinkled in
Title: VP (REIT)
Career Path: CRE brokerage analyst 4 years --> REIT senior associate 2 years --> REIT VP
Age: 35
Nw: 2mm excluding real estate but including retirement accounts
Title: director
Path: Ivy League path
Are these numbers real wtf...talking about the analysts and associates above...
Age: 23
NW: 190k
Title: An 1
Grandparents (lower middle-class) and parents (middle-class) had all saved diligently. I kept costs low in college and got lucky with COVID markets, allowing me to protect and grow their nest egg. I continue to save a significant amount of my income and spend only on what I truly enjoy (gym and time with friends).
28
600k, assuming 1) all co-investment held at par and 2) no benefit from carry.
SA at UMM.
IB > Associate > promote
You mind explaining how you got to that 600k number assuming no carry? I’m honestly just curious how I should be saving going forward. Am 25 and had student debt so am only around ~60k (not assuming my carry allocation in the high 6 figures). My parents didn’t come from wealth and I didn’t start some company giving me a steady stream of cash flow.
It’s totally possible if they went to a UMM PE and worked there for 3-4 years with $300-500k total comp per year. It’s probably even easier if they started at a EB vs. BB or did the whole IB / PE thing in a tier 2 city. For example, the guy / gal that did EB in Chicago then went to GTCR / BDT / MDP probably out earned every single IB -> PE person (maybe outside of Apollo or someone that got lucky in HF straight out of IB) in NYC simply because of taxes and living expenses.
34 y/o couple combined assets : $150K cash, $1.4M investments, $2M trust so about ~$3.5M between cash and investments
$300K home equity in fancy NYC suburb
$800-$850K combined income, both of us fairly mid-level at this point in our careers
Country club membership: / 2 cars / probably spend ~$250-$300K per year
Works for us
22, ~$100k, Incoming GE An1, worked shit jobs through college.
24, $30K, VC Analyst
I just be spending a lot lol. Ski trips and car hobby ain't cheap.
Age: 26
NW: $380K ($250K liquid, $130K retirement)
IB Associate 1
Probably wasted $80-90K on cars (maintenance, depreciation, etc) since I graduated college.
College > IB > A&A promote
Age: 27
NW: ~$200k (~$110k liquid / brokerage, ~$90k real estate equity, ($33k) student loans, ($15k) note on car)
Title: Analyst 3
Path: Generalist
MCOL city.
If based on book value of RE, NW = ~$140k. Purchased land as investment under market value = $15k incr. equity.
Townhome appreciated by ~$130k (I purchased at $210/sf in 2021, recent sale for $263/sf in same complex).
On track to double net worth by 12/2024. Targeting $1mm NW (including RE equity) before I turn 30 in 2026
28, 900k, B4 > Family Office PE
What was your role in B4 and how long were you there before the move? What was the recruiting process like for family offices?
Transaction services, primarily valuation (think PPA, fairness opinions, impairment valuations and PE portco valuations). Did that for about 3 years. Definitely an untraditional recruitment. Happy to elaborate in PM.
Age: 30
Net Worth: $15m - $30m - not sure. Mostly in equity.
Title: Founder
Career Path: Started a few companies that were niche & small -> started investing in others + acquiring control positions
I don't want to risk souring the discussion with data points; but I wanted to make a brief note...
A lot of you guys are doing very well.
Far beyond most people at your age; and even far beyond many others in banking/finance. Impressive.
I applaud you all -- seriously, well done.
Age: 31
NW: ~$800k, including cost value of co-investments and home equity, excluding retirement assets. Easily another $500k based on where home equity is today, bought during COVID and my city has exploded.
Title: 1st year VP at LMM PE Fund
Path: First 3-4 years were spent breaking into banking. Landed at a name-brand MM, then went to LMM PE. No MBA. Current ~$1bn fund, non-NYC.
Age: 28
Net Worth: ~$650k
Title: IB Associate
Career Path: CB > IB, banking since undergrad
Combined with Me & Spouse
Net Worth: $750k ($550k liquid, $200k retirement)
Me: 33, REPE Asso, $180k all-in, not including carry
Spouse, 27, BB Back Office, Senior Asso, $200k all-in
Non-NYC, investments are all liquid in S&P500, getting rich carefully.
I'm really shocked by some of the generic IB paths on here relative to net worth. I get it if you're in HF, founder of PWM, etc., but a lot of these don't seem realistic even with living a normal life (somewhere between not saving every penny but not going out every weekend / blowing thousands on vacations, bottle service, etc.) and paying taxes.
I'm 24, An3 at MM IB, net worth of ~$160k including car, 401k, brokerage, cash savings.
bump
Age: 29 SWE
NW: 570k (10k cash)
TC: 140k
Honestly I just spend money on gym and friends.
Age: 28
NW: $1.1M after upcoming bonus
Role: Sr. Associate in niche PE
LCOL city helpful post IB
Age: 33
NW: ~4.5mm
Title: Director
Path: ground it out in banking, switched firms once for a jump up in pay, saved/invested well
Age: 25
NW: 430k
2 yrs IB, 1.5 PE
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