Let's define someone who's "made it" in IB as having $10M-$20M (aka a good amount to live off of).
For someone who's already made it into IB and who 1) has stamina to last IB hour weeks for 40 years 2)is semi-personable 3)semi-intelligent and 4) has no prior connections, what are the chances this person lasts in IB (or PE,VC, etc)? Wondering because the major cause of leaving IB seems to be burnout.
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About 6.9%, of course
EDIT: On a serious note, 50% chance they last in IB. Either they last, or they don't, so the odds are exactly 50/50
Quick maths only
To hard to tell.
Can you develop stamina? yes. Can you become more personable? yes. Can you learn the business better ("Intelligent in the industry")? yes. Can you build connections? yes.
I think if you have the drive anything is possible, but 40 years is a long time to predict what is going to happen. Whats the price of Apple going to be in 40 years? I don't know and I am not going to waste time thinking about it.
I am sure there are alot of Oil and Gas MD's right now that have a very poor outlook on the future of their career. Meaning you can be riding high doing well and a recession hits, and disrupts you're entire industry. Who survives? The strong.
Can MDs in oil and gas pívot?
Sure, if by pivot you meant use the next decade to rebuild in another industry.
100 hour weeks for 40 years?????? I sure as hell am not going to be working 100 hour weeks when I am 60.
What MD works 100 hours?
I feel like you can only play golf for so many hours before getting bored of it
I’m not being rude but as a prospect is this a genuine question? The work is COMPLETELY different. Concentrate on your next few years
No MD out here workin 100 hrs a week
Exactly they are out of the office by 5 to hit the links lol
if they even come in to the office at all that day
Most MDs spend less than 15-20 hours in their desks from what I saw. I hardly ever saw mine except around investor calls, deal closings and internal committee meetings. Sure they might work from home, but they're not grinding. I think people who grind 70+ hours even after they reach SVP/D, never make it to MDs
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