I want to start out by thanking anyone for reading this. I am a 23-year-old male who is optimistic about life even when I probably should not be. I have been lurking here for a while, drooling over the success stories of some the most intelligent and hardworking people I have ever been exposed to. I feel ashamed even sharing my story, but I figure its time to atleast get an opinion.
So I will tell you my story. I am a 23 year old college student who matured only a year ago. I entered an easy admission public state school after highschool because all of my friends were going there and we were going to party hard. We definitely did, and I am grateful for those amazing experiences even though it is truly biting me in the ass now. See, as a first gen Asian American, I was supposed to be a straight A student and get into med school. With three other older siblings who acheived this exact thing, I decided to "be different", I was the youngest so I had the flexibility to decide my own path. As I knew liked buissness just like every other dumbass I was friends with, I decided to pursue healthcare management. I did well my first two years, even though they were mostly gen eds. When I started my healthcare management courses, I realized it was WAY too easy, and then it dawned on me that I was too smart and needed to utilize my intelligence become a dentist, this would grant me respect by my family and thought I would make tons of caysh. I knew i would be atleast 23-24 by the time I got into dental school if I wanted to pursue this since I had to complete all the prerequisite science courses and take standaridzed exams.
I needed to leave the toxic enviorment at my state school, so I came back to my comfy upper middle class home. When you want to get admission to med,pharm,dent school, the place you took your undergrad classes matters ALOT less than finance. What matters is your raw GPA in science courses and your MCAT/PCAT/DAT scores. So I began taking the prereq courses for dental school at my local community college. However, I got exposed to the bitcoin bubble when I moved back and I completley forgot about my new found ambitions to become a doctor. Finance took over my life for the most part. It was not about making a crap load of money gambling on these speculative instruments, it was all about this insane new world of finance I never knew existed. First, I became obsessed with technical analysis, I could stare at a chart for insane amounts of time. After getting lucky with my trades, I gained a sense of euphoria and naturally thought I would make it as a full time day trader. The profitability quickly went downhill during the 2018 bear market and I realized what the term retail trader implied, and was quickly humbled. I was thankfully just a student so I never had any real money to lose. But, I realized ALOT about people and society in general through this experience. Alot of principles about trading reflected my own life choices and this is the time I would say I matured.
I was supposed to be getting straight As in community college in hard science classes at this time, but what I was learning from the market, was WAY more exciting to me. I still managed to get a B-C average in hard classes like anatomy, chemistry, biology, etc. But I did fail calculus because I was sitting there scalping the 5 minute TF the whole time, LOL.
Fast forwarding to the beginning of last semester, I realized that alot of my peers who were already in med/pharm/dental school had no idea about what debt they even took on, and they figured that they would make it by the time they got out. Seriously, these are super intelligent kids that did not even know what intrest rate they took their loans out on. For me personally, 400k for a degree as a dentist seemed outrageous, no matter how much I enjoyed helping others. Plus, the whole industry is being taken over by DSO's and other private equity firms, so the dream of opening up my own shop is very bleak, especially in my densley populated hometown.
This is where the real anxiety started kicking in. I struggled with the fact that I was still obssessed with markets, economics, and finance, when I should be grinding out on my science classes. Paired with the realization that dental school would be so damn expensive, I began entertaining the notion of, what if I dedicated the same time and resources to something I thought about all day, finance. I quickly knew there is no reality as a full time day trader, and I wanted to do something actually legitimate within finance. So I began my research on this field and was QUICKLY humbled by Wall Street Oasis.
Jesus, you guys SHIT on my life in terms of grades, internships, experience. I literally feel like there is no way I can compete, regardless of how bad I want it. So now not only am I worried about getting into dental school because of my grades, I now can not even ENTERTAIN the notion about getting into a finance gig like proprtietary trading, quantative analyst, and especially investment banking. This is seemingly even further out of my reach.
However, I am naturally an optimist. I know at the end of the day, whatever I truly want to accomplish I should be able to. The only limiting factor is myself. Tthe details dont matter when I am 50 years old looking back on my life anyways. Thats why I am not too worried about getting into dental school, it may take more time than others, and more money than others would have to spend, but I could still do it. I just know it.
But now here is my MAIN dillemma. The reality of the situation is that I want to become a healthcare professional MOSTLY because of the money, partly to help others (I know how rough it is sitting there all day trading the emotions of others, even when I was profitable) . They all say do not become a doctor for the money, but if there was a career that you DO go into for the money, its high finance. There is no way im settling for an corporate gig at some insurance company for the rest of my life, so that is out of the question if I did decide on this path.
So tell me if this reality sounds right (mostly on the finance side, I cant expect you all to be too knowledgable on the dental career:
Dental school (currently 23)
23- 24 finish biology degree and study my dick off for DAT
25-29 dental school + 400k debt
29-33 associate dentist, probably at a corporate DSO by that point = 150k salary in my area
33-40 gain experience as a dentist, probably 150k-250k capped salary, debt hopefully paid off by 40.
40+ real life begins
Switch to finance (currently 23)
23-26 switch to econ/finance/physics/math degree (please advise on the best one if I am not sure whether I want to be a trader or IBer), and complete meaningful EC's
26-28 shitty entry finance/econ job because my GPA will only be a 3.2 with new courseload since my previous GPA was averaged 2.7 NETWORK REGARDLESS
28-30 hopefully get into a good MBA program +100-200k debt NETWORK REGARDLESS
30-32 best case scenario I land an IB analyst offer NETWORK REGARDLESS
32-35 IB analyst, lol
35-40 Exit to PE or 200k+/40Hr a week high finance gig
40+ real life begins
So this is the idea in my head I am gathering based on everything I have read on WSO. Everyones story here is truly inspiring and motivating. I know its extremely ignorant for me to beleive I can just network my way into IB and finish my biology degree as a saftey net at the same time.
If anyone here with experience can give me some advice, where my thinking is wrong, or anything else to offer it would be SERIOUSLY appreciated.
If you have come to this point and actually read everything, I can not begin to tell you how much that means to me. I only have one connect, a brothers friend who was an IB analyst at merril lynch, and now works at a comfy PE firm. I am way too afraid to even approach him with the idea that I want to get into IB/high finance because he would probably laugh in my face and tell me to stay in my own lane.
So WSO, what should I do, is this field essentially impossible for someone in my situation? Remember, becoming a dentist is not easy either, I am fully aware of the sacrifices it takes to acheive something great. My dillemma is choosing the right sacrifice.