Coolest exit you've seen?

For all the IB vets out there, what's the coolest/most unique exit opportunity you've seen a peer or colleague pursue? How'd it worked out for them? Did they start the next SpaceX or get elected to Congress or something? 

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Comments (138)

Oct 16, 2020 - 12:46am

It happens in lending too. Some clients offer to hire the lenders/analysts they work with.

Go, Go, Excel

  • 1
Oct 6, 2020 - 12:01am

The guy who created dudewipes works at DB i think haha

path less traveled

  • 3
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  • Prospect in IB-M&A
Oct 6, 2020 - 2:34am

Friend's older brother worked at a BB for like 8 months and then went back to play soccer. Played USL for a few seasons and is on an MLS roster now. He played soccer in college though.

  • Prospect in IB-M&A
Oct 6, 2020 - 3:12pm

You would probably get paid more at Tobin than playing pro soccer in the US lol. I guess you do it for the love of the game.

  • Analyst 1 in IB - Gen
Oct 6, 2020 - 5:12am

Girl in my team left to create her own brand of designer bags, she now sells at harrods. Thought it was quite unique and she does very well.

  • Intern in IB - Gen
Oct 9, 2020 - 4:29pm

That's amazing! Literally my dream job. Idk if I'll ever have the courage to leave IB (I just started) or any other "good" job to start from scratch and do something on my own. Do you know more about her background, how she started her line and how it's doing now. Also is she based in NY? Would love to know!

  • Analyst 1 in IB - Gen
Oct 9, 2020 - 6:24pm

Don't know more than that - she was few analyst classes above me (believe around 2012~) but the team head told me about her as he had met her few days days before our discussion in Harvey Nichols (luxury department store in London). She is London based apparently and worked in London.

  • Associate 1 in IB-M&A
Oct 6, 2020 - 9:02am

Guy I know went to play professional football as a QB, then did UMM PE, then had another stint in one of the minor league football team, and went to an EB.

Oct 6, 2020 - 10:07am

Bullet-Tooth Tony

Congress ? 

While not easy to get elected, this is not impressive to me. If you've met and spent time with any members of Congress, particularly Reps in the House, you'll know what I mean. They may know little about a multitude of topics, but lack depth and intellect.

Excuse me, have you heard of Alexandria ocasio Cortez. Take this back

Array
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Oct 6, 2020 - 10:59am

wherethefisdonny

Bullet-Tooth Tony

Congress ? 

While not easy to get elected, this is not impressive to me. If you've met and spent time with any members of Congress, particularly Reps in the House, you'll know what I mean. They may know little about a multitude of topics, but lack depth and intellect.

Excuse me, have you heard of Alexandria ocasio Cortez. Take this back

AOC

Oct 6, 2020 - 10:49am

Rick Rescorla went from being a paratrooper in the British Army, to a detective in the Rhodesian police, to a captain in the London Metropolitan Police, to a captain in the US Army, served in Vietnam, earned a Purple Heart, went to law school, and then joined Morgan Stanley.

"Work ethic, work ethic" - Vince Vaughn

  • 1
Oct 7, 2020 - 10:13pm

You forgot to mention that he died during the 9/11 attacks, but only after evacuating nearly 3,000 Morgan Stanley employees. He actually anticipated the attacks and had put comprehensive procedures in place that ended up saving many, many lives. A true American hero. 

Oct 6, 2020 - 1:04pm

Andrew Friedman was an analyst at Bear Stearns from 1999–2002, and then was an associate at MidMark Capital from 2002-04. He met the owner of the Tampa Bay Rays in 03, and dude hired Friedman as Director of Baseball Development just cause they had similar ideas about the game. Then, he became GM in 05 at 28, and in 2014 was hired as President of Baseball Operations for LA Dodgers. Pretty sick if you ask me

  • Incoming Analyst in IB - Cov
Oct 6, 2020 - 5:55pm

Ed Woodward, JPM IB to CEO of Manchester United after advising the Glazer family's acquisition

Oct 6, 2020 - 7:06pm

Bezos never worked in banking. He held a technical role at DE Shaw, a quant hedge fund.

Array

Oct 7, 2020 - 1:31am

Have seen some people exit into roles for sports teams or entertainment companies. Seems pretty sick.

Dayman?
Oct 7, 2020 - 6:22pm

Yeah like corp strat. Or a strat/investments role at a company that owns sports teams, like Kraft Group or MSG

Dayman?
  • Prospect in IB - Gen
Oct 7, 2020 - 4:33am

Ed Woodward worked for JP Morgan in the mergers and acquisitions department as an investment banker. In 2005, Woodward advised Malcolm Glazer and the Glazer family during its successful takeover of Manchester United. The Glazer family then recruited Woodward to join the club in a "financial planning" role. In 2020 Ed Woodward is now the executive vice chairman of Manchester United. God tier level exit! 
On a side note losing 6-1 to Tottenham LOL

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Oct 7, 2020 - 10:38am

Saw someone who did BB IB for 2 years then ran his own independent sell-side M&A process ($20mm TEV), probably collected around half a million in fees from that deal all for himself. Jumped back into IB as a senior associate after a year. 

  • Intern in IB - Gen
Oct 7, 2020 - 12:12pm

Were they in media/CNR/etc. banking that was semi-relevant, or did they just jump from P&U to the MLB?

Oct 8, 2020 - 5:30pm

Shaun Atwood had a pretty sick exit from stock brokerage in the 90's. Not sure I'd go the same route but I would definitely be enticed by the opportunity to say the least.

Dayman?
Oct 9, 2020 - 3:28pm

too many to explain in detail, to be honest.

here a few brief examples

1) ex colleague who was a contractor at a bank at standard daily rates left to do a stealth startup. After a few short years the company is among the best known startups in the entire nation. they had really intense growth after they launched.

2) a friend left after his IBD years even though he had a promotion waiting. He founded a chain of car dealerships while bootstrapping the whole thing. After a decade he now owns 15, I believe, and also planning on expanding to electric vehicle servicing.

3) few years after I joined IBD an analyst literally flew through the ranks and got promoted way faster than others due to skills, IQ/EQ, deals,... he was a director at.. 28 or so. BB.

4) A family friend has a 2nd level CxO title in NYC within AM. Has been in that role for about a year now. So got to that level around 38 years of age. which is impressive. afaik he reports into the CEOs direct line.

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Oct 16, 2020 - 2:13pm

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Oct 21, 2020 - 3:56am

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Oct 21, 2020 - 3:59am

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Jun 15, 2021 - 5:51pm

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