Which Would You Prefer

Hey everyone,

Was hoping to get outside insight. If you were ~24 years old and had the option, would you rather exit to a corporate finance role at FAANG, or exit to a UMM/MF PE firm (as an Associate). Having an argument with a senior friend who says she'd rather do the prior (which I personally think is ludicrous at this young of an age), but I cant make a convincing claim for the latter, as I don't know the facts about FAANG Corp Fin. How much of a pay cut would it be relative to an IBD Analyst position? Is the opportunity for career progression even remotely comparable to that which someone would experience as a UMM/MF Associate?

Thank you in advance.

 

Personally would go UMM/MF PE at that age, and it would be a no brainer. Progression/comp will be unparalleled to what you experience in a corporate role. I would be open to FAANG later down the road, however, when these hours become too unbearable.

 

Progression/comp will be greater for 2 years but then most PE associates leave. What about after that?

 

Wdym what about after that? You have the option to stay in PE and continue making incomparably more money than you would at FAANG (not to mention incomparable career progression potential). If you truly want to exit, you can hit bschool, Hedge Funds, FAANG, etc. Literally any industry out there would kill to have you should you want them, and they would accept you into a higher role 2 years out of PE compared to 2 years out of FAANG. The rigor, skills, experience you obtain in IB/PE is lifelong and so diverse that if you just don’t fuck up, you will be a top candidate for any future employer.

 

I disagree with your last sentence here (at least when it comes to banking). Having done a two-year analyst stint in banking and now at a tech firm, I’ve learned way more in tech. I have a lot more responsibility and the job requires way more independent thinking than in banking, where so much of what you do is following instructions and doing stupid work like formatting. Not that you don’t learn useful skills in banking, but the skill set you gain (outside of the ability to grind) is not really all that special.

 

Hey if you don't mind me asking, what was the comp difference between IB and your current tech role? How do the hours differentiate also?

 

Pariatur adipisci ex laboriosam quidem tempore debitis. Ut quae minus hic architecto sint. Maiores quo quo ratione aliquid excepturi. Sit facere odit magni pariatur rerum. Ut consequatur qui sint ut a ratione. Incidunt quisquam quasi et necessitatibus architecto sed. Nihil rerum velit cumque totam dignissimos voluptatem eveniet.

Nihil labore voluptatem nulla illum deleniti. Sed qui debitis reiciendis est odio iure cum. Qui libero nobis eius porro temporibus eum recusandae. Voluptatem nulla accusantium molestiae nihil quam distinctio qui. Occaecati error et sit sed.

In et qui mollitia soluta in nemo soluta. Voluptate atque quasi et. Voluptatibus ut et esse delectus facilis corporis. Aut saepe accusantium tempora architecto quos iste aut. Aperiam veritatis qui velit facere ut perspiciatis. Praesentium commodi voluptas assumenda dolores.

Voluptatum et quia voluptatem debitis fugit quaerat aspernatur. Earum et quia mollitia quos quae id.

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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”