Would you quit IB to work at a midstage startup?
I had a friend who was a second year IB analyst at Lazard who quit to go work as an account executive at Uber pulling in around 40k a year. It seems like a huge downgrade money wise and career wise but he enjoys his job and is at one of the hottest industries in the tech world. What do you think?
It would be tough to adjust to a different work environment and different lifestyle (number of hours worked, smaller paychecks, etc...) But it doesn't seem like much of a downgrade to me though. At the end, it really depends on what you want do in the long-run, and if banking/finance isn't the answer for you after the first 2-3 years, why not explore? Taking risks is easier when you're younger. :-)
That seems odd, I've seen listings for jobs at Uber in finance that are looking for 2-3 years of IB experience that pay 150k if my memory is correct. To be honest, I could personally see myself doing that after two years, but not for 40k unless you were getting some equity, which you wouldn't at a company as mature as uber. At 6 figures I'd consider it, under 6 it'd be tough.
40K seems really low for somebody with that level of experience
If you read the OPs post you would notice he said "account executive" aka sales. I would be willing to bet that the person in question is getting a 40k base and then a pretty hefty cut of his sales.
Leaving IB; fair compensation for startup job (Originally Posted: 05/22/2014)
Hi everyone. I am leaving my 90k salary EB job (1 year exp) to pursue a startup career. I am targeting mid to late stage startups in a sales or BD position. What is usually the salary for people get who leave their IB analyst role to pursue these positions? I've heard anywhere from 40k to 100k.
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