I'm an incoming intern at a mid-tier BB but I've always been interested in law (specifically securities law, think Davis Polk, Skadden, Cravath type work). It seems like more and more people are going to IB (and then PE, MBA) over Law and I wanted to get some insight as to why.
How does a career in Law (say aforementioned firms) compare to IB (say BBs, and include the PE route) in comp, lifestyle, long-term comp ceiling, job security, etc.
Are people just choosing IB because the immediate payoff is much higher or is IB truly a "more desirable" path for legitimate reasons?
For context: I have a legitimate interest in either career and don't have an overwhelming preference for either. And, again, I'll be joining a mid-tier BB in IB and I'm confident I can land a top 5, 6, or 7 law school (based on GPA and LSAT)