Heading into IB as Parents Divorce

Hey everyone,


I'm a college freshman here intending to recruit for IB. I already have a decent amount of experience in modeling and PE, and I like the work, so I'll probably end up at an IB eventually. My problem right now is that my parents will divorce promptly after I graduate, and there are a lot of moving parts I need to consider. My dad is a senior staff member at a FAANG, and my mom has not worked in 18 years. My dad is a douche and a beta, but I have to admit he has been raking in a solid income. He has absolutely zero tact or empathy, and I'm pretty sure he's just straight up dense. My mom is alright. She doesn't work, but was definitely the better parent throughout my childhood.


So the problem is that my dad is going to bail once my sister goes off to college, and my mom is going to be pretty screwed. I know that I could be making a lot in IB, but I'm not sure how well it will support my mom and I. I think a good first step is to find a great lawyer that can extract as much alimony from my dad as possible. What do you guys think?

Thanks!

 

I mean if your parents have been married and mom's been stay at home for 18+ years, odds are there's going to be some kind of alimony agreement. That said, those things can take forever to be enforced (speaking as someone who's been in an almost identical situation to you). Your mom is going to have to be able to support herself to some extent (unless you're literally living with her to take care of her), but the income from IB should be plenty if you're fine with cutting back on regular spending/savings to help her when needed. I did much the same making less than IB money when I was first out of school for my mom.

 

Thanks for this. I'm sorry you had to deal with that, and I hope you're better off now. If all goes according to plan, everything should be okay then.

 

So this is the same thing that my mom when through.  She was a stay at home mom for 20+ years. She just updated here resume and took a job she was probably over qualified for, but she enjoys it.  I get that OP's mom is probably going to be screwed but 3 years is a lot of time to start building up some experience.  I also think alot of companies are going to be pretty sympathetic to s stay at home mom.  

 
richforever

So the problem is that my dad is going to bail once my sister goes off to college

You say this like we know when your sister is going to college. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Isaiah_53_5

You say this like we know when your sister is going to college. 

Oh, we know

 

There's nothing wrong with staying at home to raise kids; they certainly benefit from a mother who's always around instead of being at work.  You'd think a right leaning forum would understand this.  And it's not easy work either.

Furthermore you can provide for your family but still fail as a husband or father.  Money can't fix being a dick.

 
richforever

I think a good first step is to find a great lawyer that can extract as much alimony from my dad as possible. 

Mackenzie Bezos’ lawyer:

https://www.tedbillbelaw.com

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Secure the bag for yourself. Why should you work 100 hour weeks to support someone who hasn’t worked for 18 years who’s had their entire life to accumulate wealth? Get your head out of your ass and don’t give her a dime. You don’t owe her anything and you sound like you’re sheltered and manipulated. Buy her flowers on Mother’s Day, make sure she’s not destitute and homeless, that’s basically all you should be doing in your young 20s for your mom. If you get assets now and let them compound, you’ll be set for life. If you give all your assets to your dads depreciating asset, you’ll have cucked  yourself out of your future. Wake the fuck up 

 

Nah this is for real. I'm just 18 so there's still a lot for me to learn. Yeah she definitely won't have much luck working at this point in life, but it sounds good that she'll get a solid chunk of money. Thanks!

 

I genuinely hope this is a troll post because OP sounds like a complete noob around women who will let them take everything, just like his mom is fixing todo. There’s no honor in giving up your wealth so a pampered FAANG housewife who hasn’t worked can maintain their standard of living. If you were raised by a single mother and she became disabled and couldn’t support herself financially or something like that, then by all means, support her financially. But in this situation,  you are being a stupid beta male cuck. 

 

what are people talking about? Supporting your mom (even if they didn’t work for 18 years/were primarily a stay at home parent) isn’t wrong. These days it’s a lot less normal to have a parent not work whatsoever, but it used to be much more common (especially across certain geographies and cultures). Hell, even now you have people who only go to college and look to date/marry rich people. It may or may not be the case with OP’s mom, but she’s not necessarily a leech just for being a stay at home mom all these years. Admittedly not great especially by today’s standards, but it is what it is.

 

why should OP work 100 hours a week to support someone who presumably won’t get a job? Preventing your mom from becoming destitute or homeless, or giving her nice things that she wouldn’t have otherwise is 100% the way to go, but I have a feeling that OPs mom will get more than enough from alimoney and divorce settlement that OP should definitely not contribute a dime to her. 

 

Yeah I catch your drift and I definitely don't plan on contributing if the alimony is sustainable and solid. I'm just concerned about how sustainable it is, and especially the fact that despite working at a FAANG, my dad's salary really isn't all that impressive. He also wants to retire and spend more time investing, since he recently had a stroke of luck in the market. We've lived in the same condo for over a decade, and don't have nice cars or anything like that. Since my dad does not talk to us about finances, I hope we're just voluntarily living below our means. Regarding getting a job, my mom used to be a teacher but left to raise my sister and I. Nowadays she isn't doing that well health-wise, and has had a few cysts over the years, so I just don't want to heap more stress into her life. All in all, she deserves the support I can give to her if necessary, because there have been times where she literally saved my life from my dad's outbursts when I was a kid.

And no, I do not let anyone walk all over me and take my cash.

 

I don’t disagree with where you’re coming from. Perhaps I’m being too charitable with OP’s case, but I also come from a household with a stay at home mom who didn’t work for 18+ years. I don’t want to get on a soapbox, I just want to point out that some parents choose to stay at home to raise their kids and it doesn’t necessarily mean they’re being a leech. I would like to think people here would help one or both of their parents with basic expenses if it ever became necessary and they had the means to do so.

Also disagree with all the comments calling OP a beta/cuck/simp lmao. Maybe they are in personal relationships for all we know, but helping mom with basic living expenses =/= simping for girls on OnlyFans haha

 

I see you are man of culture. You too have taken the black pill suppository

 

Helping your own mother is "beta" 😂😂

Redpill and incel culture really ruined a generation.  Especially since the OP said his own father was "a douche", "a beta", "zero tact", "zero empathy", and "dense".

 

My thoughts on the whole take 50% depends on the situation:

You get married, you’re making bank, you’re wife leaves you / cheats on you / etc then she doesn’t deserve shit, she’ll still get it though.

This situation sounds like your dads a cock and is leaving your mom. He knows how divorces typically go down, he knows what he signed up for, and barring a prenup she’s going to get half of assets plus a substantial alimony given 18+ years of being married.

If he’s making as much as it sounds he is, she’ll be more than fine and can probably still give you your allowance that you’ll inevitably blow on bottle service your first year on the desk for girls that will eventually leave you for a HF bro and make off with half your net worth.

 

Dolorum repellat qui voluptas sed ea. Ullam illum et iusto asperiores non harum. Architecto et omnis omnis officiis numquam voluptatem voluptatem. Tenetur molestiae vero dolorem illo qui.

Ut in ex ut consequatur. Dolor et sit nemo perspiciatis ipsum voluptatem omnis. Cupiditate quo quis et aut fugit sit et. Iste sed labore aspernatur est perferendis ullam aut officia. Dolorem assumenda iure accusantium quasi eius aut non.

Qui ducimus non quis soluta labore beatae ut alias. Omnis nihil est voluptas labore ut mollitia quasi molestiae.

 

Necessitatibus maiores labore molestiae excepturi nihil. Laborum tempore provident quis consectetur perspiciatis quae et. Adipisci excepturi et consequatur soluta molestias dolore dolores amet. Dolores sit aliquam atque. Minus aspernatur dolor maiores doloribus enim vero.

Eligendi et quas ut autem error. Reiciendis laboriosam expedita eos sed vitae. Corrupti hic voluptas harum debitis. Qui vitae nisi ut perspiciatis eligendi. Unde autem aut quas unde.

Quisquam eligendi animi saepe asperiores. Beatae eos molestiae inventore sit ut quo fuga consequuntur. Repudiandae vel ipsa rerum molestiae.

Eum ut nihil sunt consequatur error. Provident doloribus reiciendis exercitationem aliquid. Impedit ratione ut placeat officiis. Esse et aut fuga veniam est. Ea doloribus aut et aut at.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”