This is my goal once I have $100mm in the bank

 

Can be achieved, as Long as he never comes off his high

 

Savage. Just for fun, let's do a thought experiment.

Assuming a Summer Associate is 30 years old, and wants to retire at 60 (some time when you could still ramble around parks), you'd have to make $3mm a year for 30 years. But wait, you won't make that right out of business school - 3 years Associate, 3 years VP, 3-4 years Director, so it will take about 10 years to make MD assuming a rockstar. Then you have only 20 years left to make your $100mm or about $5mm a year, with not too much time for compound interest. It's not that this is absolutely impossible but you would have to be the 1% of the 1% going into banking.

Be excellent to each other, and party on, dudes.
 

My recent late night thought was a beauty. I was in the dead of sleep, having a dream that I am trying out for the New England Patriots. So it comes to final cuts and Coach Belichick asks us to do Oklahoma Drills (two guys on their back, head to head, me against the RB). He makes the point that if I make this tackle, I am going to make the roster. So now, I am pumped up (in my sleep mind you). He blows the whistle, and in the dead of sleep I spring off my bed (legit elevate multiple inches) and rotate off my bed. Well, only problem is, my night stand is next to me and I shatter multiple glasses/the table itself as I land on it. I cut my foot open but have a good laugh at how washed up I am.

Cheers,

Will

Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career.
 
[Comment removed by mod team]
 

Hey! I hope you are feeling better now. While I don't really know the difficulties and stress you are facing but I trust that you have the ability to navigate through this. But I would like to encourage you to evaluate other aspects of life such as family/friends/personal development etc. and don't be afraid to make a switch in career if its really needed. Don't be afraid of the perceived judgement from others of being weak if you are to step away from your current job for the better option. That said, I trust that you know yourself best and good luck to you!

 

Yeah, what I really want to do is work from home in a LCOL area. Would love to live in Salt Lake City and be able to have world class outdoor activities right in my backyard, and live comfortably on a sub 100k/yr income. I've never been much of a career person anyway, I just work so I have money to pay my bills and do fun things. Don't really care about much else.

 

I know a guy who does this. Really cool lifestyle. Co-owner of a small business, software engineer doing remote work, lives in a LCOL area, has tons of fun outdoors with his dogs and stuff.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Iure dolorem perspiciatis ad sequi ducimus reiciendis et voluptatem. Consequatur et ut in harum.

Animi ipsa eius quae mollitia deleniti. Ad nesciunt est iure est vitae est dolorum.

Quidem explicabo culpa dicta unde illum officia. Sunt omnis accusantium sunt in ratione animi.

 

Pariatur deserunt mollitia esse suscipit. Libero dolorum non voluptatibus. Omnis facilis sit quidem fugit.

Architecto ut quos perspiciatis sint excepturi ut aut. Aliquid harum cum et nobis ea qui.

Numquam nesciunt rerum voluptatibus eos voluptatum aperiam. Rerum itaque repellat tempore aliquid qui enim nesciunt. Minima omnis aut ipsa consectetur provident soluta expedita. Eligendi nihil velit ullam maxime perspiciatis aliquam.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”