Age to hit 7 figure net worth starting in IB

What age seems decent to get to a 7 figure net worth if you start right out of undergrad in IB and keep moving up the ladder every 3 years or so? 

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Comments (12)

  • Analyst 2 in IB-M&A
Aug 21, 2020 - 1:57pm

Financially set for life? Good path to retire by 40? Idk 7 figures by x age is extremely arbitrary and depends on a person's needs/wants.

There is no correct answer but if one is able to get 7 figures by early 30s I'm assuming they'll be smart enough to further that amount of wealth down the line so should never really have to worry about $. 

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  • Associate 1 in IB - Gen
Aug 21, 2020 - 2:11pm

Sometimes I think about people at top MMs that pay street in low COL areas (HW Richmond, Baird Milwaukee, Piper Minneapolis). MDs who have climbed the ladder for 15-20 years at those places...how much are they stacking? Has to be unreal.

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