I have been thinking about this question for a while - is climbing the hierarchy in a banking group (traditional M&A / capital raising) the surest way to reach a net worth in the eight digits? Of course, the number of bankers who have breached nine figures and above can be counted on one hand, but I have heard many claim that banking still offers the best risk-adjusted return out of any occupation.
I've been thinking about this a lot, especially in the context of weighing A2A versus recruiting for the buyside, so I would appreciate any thoughts on the long-term career implications of that decision as well. I remember an AMA thread with a banking MD, who claimed that out of all the analysts of his class year, the ones who stuck with banking had achieved the most in their careers. I don't mean to imply that money and career success are the same thing, but it does seem like sticking around in banking offers the surest path to both.