Analyst with a kid
First year, already married, want a kid before end of analyst years. Super supportive wife and a financial situation where we don’t both need to work. Unheard of? Either way I couldn’t care less about your opinions, just want to see if I’m the Lone Ranger.
As someone with a 3 month old, you're out of your mind unless you're getting hired help.
Even then, you're going to miss so many things you want to be there for - you'll regret a lot.
Why not take your time and wait until your career gets a bit more manageable?
Yea you're probably a lone ranger. Enjoy being either a shit dad or sacrificing your career though!
Ok then quit and live a boring house dad life? Nobody cares lol
Thanks for flexing that y’all don’t need to work anymore! Fr u just doing IB to pass the time then?
Quite sure he meant that he could be the sole provider of income for the family
Ah that makes way more sense, sorry I’m illiterate. Then in that case, the kid’s never gonna see his dad lol
Doable as long as you/your partner have managed expectations. If she’s not working / very flexible job it’s 100x easier. If you also have hired help it’s great. Especially with lots of banks doing some kind of flexibility and you can generally leave before midnight these days, much better even than it was 2-3 years ago and you’ll still be around daily and can almost certainly pull off being a not insignificant part of kids daily routine.
Also you aren’t going in with a kid, by the time it comes, you’ll have a degree of seniority and rapport with your teams hopefully and if they’re not psycho it’s doubly doable
This is solid advice (surprisingly the first person to not be a dick). Assuming you’re at least 9 months out this will give you time to build rapport as he/she mentioned and to become much more efficient at your job.
Firms have been beefing up parental leave benefits so hopefully you can get a solid month off or so after a birth, but not exactly sure how this will fly at analyst level.
>and you'll still be around daily and can almost certainly pull off being a not insignificant part of kids daily routine.
imagine working a job where being a “not insignificant part” of your own child’s life is a selling point of improvement
Wasn’t meant as a selling point just in response to people saying he’ll “never be around”… and it was said as a euphemism for a new floor of time available
I think people overestimate how much time people working “regular jobs” get to spend with kids Job person above, will be around in the morning. Banker can even start working later around +/-10am and with the frequent short breaks that happen during the day and WFH, the banker isn’t gone more than the regular guy
And saying this as someone who lived this routine, and no I didn’t go to BYU
That said people still aren’t going into IB for the work life balance but there’s definitely the chance toMake parenting work if you’re committed and have managed expectations
Gotta be an oil and gas Texas A&M analyst
Not a shot this dude lives in NYC, probably still with his high school cousin.
nah more likely BYU
I feel like with WFH this is possible. I get solid down time during the day it's great.
difficult to be on calls when baby is crying. difficult to sleep when baby is crying - imagine not being able to sleep when you only have like 3-5 hours for sleep a day.
Just do whatever you want man. Can always get help from parents or hire someone if needed.
I had 3 kids as a new mba associate in a group that staffed me like an analyst (all mba hires).
It was fine. Wife stays at home and she's a superstar mom.
Not ideal situation but I know tons of guys with 4 kids under 5 in med school/residency that had zero money. At least i was making great money.
And yes...I'm mormon. Not even weird in my church to be in law school, ib, med school with tons of kids. It will be fine. People used to have kids in the past during wars, depressions, intense environments out west. You can manage a baby and ib analyst time making 200k a year. Just need a committed spouse.
And want to clarify....all free time....ALL OF IT, will be devoted to being a father. Goodbye hobbies, gyms, etc.
You work too many hours in ib to spend free time at the gym, golf course, nights out etc. But to be honest, I didn't want to be any where other than with my kids.
Can’t respect enough man. I’m from BYU and have two kids by the time I graduated from school. Everyone in my class is 21-22 and enjoying their 20s while I had to go home early whenever I can to help relieve my wife’s burden. The WFH situation makes it more likely than previous in-office times but man, it is possible, but certainly tough.
2 kids by the time you graduated HS...
mormons are crazy smh
Congrats on breaking in from BYU.
.
Wow no way!!! Can I please get a referral to muni ibanking at GOLDMAN SACHS in SLC?!?!?!
Not unheard of, just extremely difficult. If you're at a BB they all offer paternity leave, which you should take advantage of after you secure an offer for the next step.
Wish you all the best, would try to get into corp dev or something less heavy on the hours after IB
Few years ago I saw associates basically “look down” on other associates for having kids. Like why can this guy take long paternity leave but I can’t or why can this girl leave early cause she has kids and I need to be here. Just be aware of that kind of dynamics. Also saw some comment around paternity leave. Tbh only person I saw take more than a week left banking soon after. Have seen as low as 2 days and back to 80-90 hours.
also kids go to bed at 7. So getting done w work at midnight or coming home by 9 won’t do much favor. Just don’t try to have wife working away from home without proper support system. Apparently baby sitters quit often and you can be stuck w crying baby working from home. People are supportive but it’s just not easy.
Shouldn’t be hard considering you work at Stifel
Had two kids during Associate years, so suspect age wise not too different from your situation. At the same time, I took the opportunity to move to a more prestigious bank/group considered best in my city. I overlooked the fact that some senior bankers were either single, one night stand regulars or family man on paper but left all responsibility to the spouse. Within the norm in banking but terrible situation to be in if you’re just starting a family. I would not change a thing about having kids. Probably would have been better for my sanity to choose who I worked for more carefully (i.e. pat leave cut short for what turned out to be a fake fire drill). Lesson learned: find teams where people generally have successful family life/similar values and priorities as yourself/don’t solely rely on prestige.
Out of curiosity, is there someone else who would help out if something unpredictable happens? Ex. Your wife needs to get a C-section and this can't be as hands on? Or if the baby has a terrible sleep schedule.
If your wife needs a c section phuck the deal team lol
Some people are way too intense about this job.
Turn comments to move some commas around or be with wife having a traumatic birth...
Realizing this is a poorly worded question from my end. In my example, I didn't mean that you wouldn't leave your current task as the wife is having an emergency c-section, more so that it takes months to heal as all your ab muscles are cut through so having OP simply take a month off before going back to grind 24 / 7 still seems like it's not enough time and the wife would require support for a couple months. I heard it takes several months before they can walk normally again. This is more so because some commenters mentioned that a wife who is not working, supportive, or in a flexible job made keeping their position possible but I'm wondering what the plan is if the wife is supportive / not working but still not able to do much for the first few months due to physical (Ex. blood clots, unable to walk from ripping) / mental health reasons (Quite a few women also get postpartum depression / anxiety). Like can OP take a couple months off? Are they prepared to switch careers? Just genuinely curious as to what they would do.
Currently third year analyst soon to become associate, have 2 kids (1.5 yrs and 3 months). I didn’t take any parental leave (did take 3 days of PTO for first and 1 week PTO for second) and no one in the office is aware that I have kids. I don’t bring it up to people because I don’t want people to think that I’m not there for the team. Luckily with the WFH, I get to see my kids while I work. The only thing is when kids cry and you’re on a call. That sucks because your group head wonder if that’s your kid. They probably suspect that it’s my kid but never ask because I just told them I don’t have a kid yet. Living in the South with IB salary makes things much better financially. Definitely need help from family, luckily my wife is stay at home mom and my parents are around to help. Otherwise, I can’t imagine how you can do it.
How many married analysts do you guys know? I’ve only met one.
A2 with a kid here. It’s possible, but you will sacrifice a lot of team building for your family building. To explain, when I’m done with work, I head out. I want to see my kid, not get drinks in a hour at a bar. Over time, this adds up and your teammates won’t connect as much with you as other analysts.
Yeah, I think you're a moron that won't be making enough in a HCOL city to support a child in the way you think you might. Did you come from Alabama? You're too young you havent even explored enough yet.
How do you know how old he is, how do you know whether he/his wife have some family money, how do you know what standard of living he’s expecting (no nanny and can live outside Manhattan in LiC / Queens) and some people just aren’t about going to bars for one night stands in their 20s. Worry about yourself before judging other peoples choices and making all these assumptions
Not mormon, just entirely confident in who I am and what I want in life. Don’t need to sleep with tons of women who don’t know who they are to try and help me find who I am. Comical watching the “brightest minds in the world” (IB Bankers) continue to use that logic. I’m in a LCOL city and plan on being so for the duration of my career. I have a job 90% of the people on here applied for and didn’t get. I went to a state school on a full ride with no IB hires within 5 years of me. No debt. My wife is incredible. My kids will be too, and I can’t wait to meet them.
Congratulations. While I'd argue that you are truly too young an naive for that, assuming you are the avg aged analyst, when you know you know- I guess?
That's awesome for you man. Best of luck!
Real question is why IB? If you really want kids now, why not move to something with better hours like AM, F500, S&T etc. Even if you have a rockstar wife, there's really no way to get around the fact you will see your kids. Even though I mentioned AM and S&T several groups within those end too late for you to see your kids before they go to bed, and these are considered "low hours" compared to IB. With IB it simply is not possible to see your kids. No amount of beating around the bush will change the fact that you won't see your kids for the next however many years and your wife will be essentially single-parenting them. Think about whether what you are doing is best for them, and think about whether they would have wanted you around during their youth or an extra 0 on the end of their trust fund when you die.
I had my first son when I was an analyst. As others have mentioned, the key is having a supportive spouse. We were in a city without any relatives nearby, which made things exponentially harder, but in the end, it has worked out wonderfully. Yes, I missed some major milestones in my sons life during his first year, but he doesn't remember any of that, and we decided we would rather be younger parents as opposed to waiting until I was in a more established position before having children. You will need to be very regimented with your time, especially as your child gets older (think 3+ years old) so you aren't missing out on sporting events, school activities, etc., but it is 100% doable. By the end of my Associate years, I had 2 children and it has been completely manageable, largely due to my wife's flexibility (she is a full-time mom).
I guess I didn't answer your question in the last post but OP you would be a lone ranger since the majority of people are marrying and having kids later nowadays. A couple years back in the U.S., the number of women having their first child over the age of 30 outnumbered the amount of women having their first child before the age of 30. This would be true especially in your career as those in high flying careers generally settle down later. You'll probably benefit from meeting other young parents with kids so your kids can socialize while you socialize with those your age as well.
Seems tough but doable if you have a supportive wife. Anecdotally, I knew a handful of Mormons that did this during their analyst or associate years. One guy I knew would leave the office almost every evening for an hour or so to have dinner with his wife and two kids before returning to grind it out until midnight or whenever. They were a family of four (now five! The guy is a VP now) squeezed into a 1-bedroom in Midtown that was walking distance to the office.
The wife has to be the type that can silently endure traditional gender roles with poise and gentleness.
I don't see this working with the typical spoiled American princesses who want their cake and eat it too.
Hope you’re a 29 year old analyst, otherwise statistically, you’re kid is gonna grow up in a broken home.
70 years ago 18 year old fought in ww2, came home and immediately started having kids in early 20s while working through college or med school you name it.
It was fine. People hype up parenting too much. As long as you have two loving parents that can provide a home and food, it will work out.
housing and schooling were affordable
It blows my mind that anyone would want to have a little shit running around in this current climate
and spend millions on schooling, clothes, food, entertainment, etc. and there's no guarantee the kid will ever appreciate what you did and will be a good person.
Many banks - especially EBs - have upped their paternity leave to 2 or even 3 months. Maternity is even more. Have one on the way and fully plan to take the whole allotment, and my staffer and manager are encouraging me to do so. Work for PJT/CVP/EVR - the only people I've seen NOT look to take their full leave are people vying for non-VP promotions (aka promotion to senior banker levels), where they need to look out for client relationships. Still tho, planning on taking full leave and IDGAF.
So would you say it’s easier to have kids before you are looking for those senior promotions?
Rerum itaque dolor sint sed dignissimos omnis. Et voluptatem quidem maiores necessitatibus voluptas. Sed ipsam et voluptas inventore et quibusdam. Expedita qui consequuntur explicabo atque sequi mollitia.
Dolores ad cupiditate harum et aliquid. Omnis sint sint quod suscipit voluptate est illo necessitatibus. Ad et et expedita dolorem repellendus perferendis totam. Voluptas quam quia sed exercitationem. Tenetur laborum doloribus culpa est reprehenderit dolore aut et. Qui enim ea ut amet magni labore. Omnis dolor expedita consequatur odit dolor et aut.
Et inventore sunt dolor vel minus possimus. Porro est iste rerum rerum numquam iusto omnis. Iste aut voluptas saepe minus expedita.
Nihil nihil aut doloribus ut enim nobis. Eius corporis dolorem voluptas et inventore laborum a. Voluptas sit qui omnis delectus perferendis voluptatum architecto. Cupiditate odio non in aliquid est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Tenetur aut ipsum culpa voluptatem eius voluptate commodi corporis. Quidem et nam earum dolores. Repudiandae excepturi suscipit soluta ea omnis debitis doloremque et.
Non in unde non. Dignissimos autem dolores quod provident neque. Laboriosam est accusantium aut.