coolest exits you've ever seen

Hey Y'all,

Just came across someone who went to my school that left IB to be an officer in the military and is doing some pretty cool things right now. As such, I thought I'd ask the WSO community: what have been the most interesting exits out of IB that you've ever seen?

I know there was a forum on this a while back, thought it would be good to hear some new one's though.

Comments (104)

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Dec 20, 2021 - 10:59pm
Anonymous Monkey, what's your opinion? Comment below:
  • Analyst 1 in HF - Event
Dec 20, 2021 - 11:59pm

Lamborghini Corp Dev. Old friend of mine speaks Italian and he landed the gig after two years of banking. Networked his ass off.

  • Associate 2 in Consulting
Dec 23, 2021 - 4:36am

but realistically, why though? sure they make a cool product but what will lamborghini be buying regularly that makes for good experience? various small SMEs who make speciality parts that can be used in car / engine manufacturing? at best some motorbike / electric bycicle manufacturer? unless they have like a used discounted lambo lease programme for employees who cares? 

assuming WLB is same as other similar roles why would anyone take more than a 5-15% pay cut vs market for such a role? 

unless of course hes part of the greater volkswagen group corp dev team looking at more wider ranging strtegic / corp dev opportunities...

edit: just looked up Lambo SpA on CapIQ and it looks like the last M&A transaction they did was in 2010. Im sure someone with BLoomberg or w/e can do a better search but still. my point stands. 

Dec 21, 2021 - 5:23am
PatrickBateman1, what's your opinion? Comment below:

I know a few people working there - you have to be ready to get a MASSIVE pay cut

Array
  • 2
  • 1
Dec 21, 2021 - 12:08am
Fast and Fiduciary, what's your opinion? Comment below:

A buddy of mine used to be in Asset Management at Lazard. Literally said fuck it, moved to Switzerland, and is now getting his Masters degree in music performance from Zurich University of the Arts. He travels around Europe playing the organ in churches and couldn't be happier. 

Dec 21, 2021 - 8:13pm
johnny-mnemonic, what's your opinion? Comment below:

That's a god tier exit. Just heard an amazing organist this weekend play with a medieval chorus. Guy was in his early 20s, fresh grad from Notre Dame and a phenomenal player.

Dec 22, 2021 - 2:53pm
Calabi-Yau, what's your opinion? Comment below:

Link or didn't happen

Laborare Pugnare Parati Sumus

  • 2
Dec 22, 2021 - 3:24pm
HashtagBLM69420, what's your opinion? Comment below:

Anyone with over 3 subscribers is in the top 1%.

Not surprising she was from GS TMT, that group tends to hire brainless slutty blondes. 

Dec 28, 2021 - 9:48am
zk1, what's your opinion? Comment below:

There is a guy from Goldman TMT who now works for CorpDEv at Onlyfans.

  • Associate 1 in PE - Other
Dec 21, 2021 - 3:13am

Early bitcoin investor and now crypto/meme stock trader that's been incredibly successful (he has balls and good luck)

  • Intern in IB-M&A
Dec 22, 2021 - 2:22pm

Nope, he's always been a politician. He was literally airdropped as MD by de Rothschild himself so he could save money before running for president.

  • Intern in IB - Cov
Dec 22, 2021 - 2:14pm

USL Soccer with a few call-ups to MLS. To be fair, he played D1 soccer and lasted less than a year as a full-time IB analyst.

  • Analyst 1 in IB - Cov
Dec 22, 2021 - 2:40pm

I remember I saw some Ivy grad play minor league football (XFL I think) after interning at some UMM PE shops. I think he's at a MF now after the XFL or AFL folded.

Controversial
Dec 22, 2021 - 3:22pm
HashtagBLM69420, what's your opinion? Comment below:

Me: left PE MF as a VP a couple years ago to go into politics, currently a senator/equivalent at a high-tier G7 (think US, UK). Base comp is ~200k USD, "bonuses" come in the form of bribes and gifts from diplomats. Total comp last fiscal year was circa 48MM USD, plus some very illiquid jewlery and antique artifacts.

Dec 23, 2021 - 10:54am
WS_Jerry, what's your opinion? Comment below:

I have no idea if you're kidding or not

I think I did this right

  • 1
  • 1
  • Intern in S&T - Comm
Dec 23, 2021 - 5:13pm

Its bottombuckethardo, when they're not falsely claiming to be an Oxbridge grad or MFPE exec they're normally expanding living space for the Aryans in Europe.

is a joke 

  • Analyst 1 in IB - Cov
Dec 22, 2021 - 3:31pm

Person that was at my firm played in the NFL after college (backup backup QB, nothing material) then joined IB and exited to UMM/MF. So a great exit other way around 

Most Helpful
Dec 22, 2021 - 4:35pm
monkey0114, what's your opinion? Comment below:

Ed Woodward. Big 4 to VP at JPM IBD where he worked on sale of Manchester United football club (top 3 club in the world). Then left to work at Manchester United becoming Director of Transfers and ended up negotiating the biggest transfer in world football at the time. Eventually became CEO of Manchester United. Ended badly though because fans hated him (protested outside his house) and eventually resigned.

Another honourable mention. Matthew Benham Brentford FC owner. VP at BofA and then left to sports betting company, eventually developing algorithms which made him a ton of money from sports betting. Used that money and bought a shit tier 4th division English football club, implemented his data analysis techniques in identifying players to buy and transformed them into a Premier League club now worth 300 million.

Edit: Also don't think anyone's career trajectory can top Rishi Sunak's in terms of prestige. Winchester College (sadly not Eton) --> Oxford PPE --> Goldman IBD --> HF (TCI) --> HSW MBA --> marrying billionaire's daughter --> co-found own hedge fund --> become Member of Parliament --> Chancellor of the Exchequer --> Currently odds on favourite to become next Prime Minister. Only thing left for him to do gain apex prestige after that is found a tech unicorn and go to medical school and become a neurosurgeon

  • Prospect in IB-M&A
Dec 23, 2021 - 2:17am

Machester top 3 club in the world? You must be joking

Dec 23, 2021 - 4:52am
BouquetUK, what's your opinion? Comment below:

Don't seem to be considering the time Ed Woodward went there and/or how he may be talking about value of the club (you know, one which has some of the most watched games every year after the El Clasico?)

Dec 23, 2021 - 1:09pm
monkey0114, what's your opinion? Comment below:

Manchester United, Real Madrid and Barcelona have consistently been the 3 clubs with the highest revenue, fanbase and club worth over the last 15-20 years. Man United was the most valuable club consistently around the early 2010s

  • Intern in IB - Restr
Dec 23, 2021 - 6:04pm

so bottombuckethardo's life goal

But honestly after marrying billionaire's daughter he made the grim mistake pursuing government instead of the corrupt indian mfg/steel/telecom route

Dec 24, 2021 - 12:53am
hyukhyuk6969, what's your opinion? Comment below:

BBH here. The politics part is my life goal. Not the billionaire's daughter or hedge fund part (billionaire = nouveau, not classy/elite enough, hedge fund isn't as prestigious as PE MF. Also I went to a better school (Eton) and a better job (CVP > GS) and more prestigious education (Rhodes Scholar).

His career trajectory:

Winchester College (sadly not Eton) --> Oxford PPE --> Goldman IBD --> HF (TCI) --> HSW MBA --> marrying billionaire's daughter --> co-found own hedge fund --> become Member of Parliament --> Chancellor of the Exchequer --> Currently odds on favourite to become next Prime Minister. Only thing left for him to do gain apex prestige after that is found a tech unicorn and go to medical school and become a neurosurgeon

My current and ideal career trajectory:

Eton -> Oxford PPE -> MBB -> Rhodes Scholar (Econ) -> CVP M&A -> Wharton MBA -> Apollo -> Senator

Ideally, my next steps after senator (which I currently am) is to stage the downfall of current western civilization and ressurect the prestigious Roman Empire via a political coup d'etat. I would be doing this while starting my own PE MF and my own university. My university will have extremely limited enrolment (500 undergrads a year) and only the most prestigious, non-STEM majors (PPE, Classics, Philosophy, Astronomy and Physics, History, etc). My university would be founded on the remains of the Library of Alexandria. I shall call it the Fourth Imperial Institute of Strategem (the third was Nazi Germany).

  • Analyst 1 in IB-M&A
Dec 22, 2021 - 10:43pm

IB to strategy at a leading production house / media house

  • Analyst 2 in PE - LBOs
Dec 23, 2021 - 3:17am

What interesting stuff do you do at that job really, though? I feel like it could be cool but I genuinely have no idea (for how relatively possible of a role it is)

  • Analyst 1 in IB - Cov
Dec 23, 2021 - 2:33am

Not IB, but an acquaintance of mine went to become a stand-up comedian after a gig in a T2 consulting firm. 

  • Intern in IB-M&A
Dec 23, 2021 - 12:58pm

Sajid Javid - current Health Secretary for the UK.

Went to a state comprehensive school, both parents immigrated to UK from Pakistan, Dad was a bus driver and arrived in the UK with £1 to his name, went to Exeter Uni and then worked at DB and JPM in S&T selling CDOs. VP at 25. 

Left finance (took a 99% pay cut) to become an MP. Has served in 6 cabinet positions for 3 different Prime Ministers - two cabinet positions were great offices of state (Home Sec and Chancellor of Exchequer). Decent fella too and wouldn't be surprised if he was also favourite to become next PM. 

Dec 23, 2021 - 4:03pm
punk, what's your opinion? Comment below:

Hate him or love him but Steve Mnuchin is also up there. Left GS as a member of the managing committee to set up his own investment firm which included financing movies like American Sniper, Avatar, Borat etc. Also bought a bank (OneWest) during the financial crisis. Then became treasury secretary. Boom!

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Dec 25, 2021 - 2:43pm
Anonymous Monkey, what's your opinion? Comment below:

Several cool places have been recruiting for Corp Dev manager positions lately. 

  • Analyst 1 in IB - Cov
Dec 25, 2021 - 11:35am

My buddy left after a year to go back and work for his family mafia, not even fucking joking

  • Associate 1 in PE - Other
Dec 29, 2021 - 8:22pm
  • Analyst 2 in IB - Cov
Dec 31, 2021 - 2:29pm

This one guy left banking and became an agent in the FBI. But now he ended up back in the finance world…

Dec 31, 2021 - 3:36pm
wilsnunn, what's your opinion? Comment below:

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Jan 10, 2022 - 12:16am
FlybyWilly, what's your opinion? Comment below:

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Jan 12, 2022 - 12:10pm
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