More prestigious? Investment Banking or Medicine?
So my cousin and I were having this argument about why I want to do investment banking. I told him that I like the analytical nature of the job along with the exit opportunities i.e. private equity/hedge fund and the pay and prestige. Then he asked me why not do medicine (I am a BS/MD student)? So somehow we started talking about what is more prestigious investment banking or his field of dermatology (he is a mohs surgeon)? I said that I would consider a VP at a BB to have higher prestige than a Mohs Surgeon. Is that true? Or is being a Mohs surgeon more prestigious?
you cant even compare this. You are posting in a finance forum, bias answers....
Either way, people define preftigious-ness differently.
That's like saying which is tastier, an apple or an orange??
^ I disagree, I think most people will agree that a doctor has more prestige than an investment banker. The vast majority of people think investment bankers are either the people you talk to when you deposit a check, or think they are corporate fat-cats. Maybe New York is different but everyone respects a doctor, a person who saves lives. Talk to your average 20 something at a bar and try to get her to understand what you do as a banker. Tell her you are a doctor and her pussy flows like the Niagara. I bet they would even suck your dick right there if you told them some story about how you saves a 6yr old's life and tug at there heart strings (panty strings).
Wait. What?
You talk about your job to poon who you're not even going to see after you destroy her like the Battle of Normandy?
I don't know, but it's pretty safe to say that if you're spending your free time in college arguing about which one is more prestigious, you're certainly not going to get a job in investment banking.
This thread is so stupid I can't even believe you created it. Yuck!!!
MDs are very prestigious... they save lives. To each his own.
double posted by accident
Apples and Oranges.
Neither. Medical Research or a pharmaceutical startup pwns both in terms of prestige. Investment Banking ISN'T prestigious outside of the bulge brackets and top boutiques. Lifestyle sucks ass and you're always second fiddle to the real innovators. Hedge Funds/PE Firms are definitely prestigious, but only if they're top performers (most are not). Get a PhD/MD from a top school (Johns Hopkins and Harvard and the best) and you'll be preftigious for life as the program at my school has a sub 4% acceptance rate with more qualified candidates as opposed to HBS's 12% rate!
Really though, they're apples and oranges. Prestige is directly associated with either a) your income regardless of profession or b) your wealth from inheritance (rich kids can afford Harvard Med/Business whatever the hell they want)
Dermatology is like the best job ever. 8-5 and $$$$ doing cash procedures. It is also extremely difficult to get in (generally top 2-3 students in a normal medical school class).
both attract very smart people, medicine towards the book smart spectrum, investment banking towards the street smart spectrum. that said, both have their fair share of both street and book smart
on average, medicine is smarter and more prestigious, the lowest earning physicians earn significantly more than the average people, across geographical regions. people who get in to the least competitive medical schools can get into a semi target IB school almost always. there are really shit business schools, but medical schools are quite equal (in a high income country like USA or U.K. or Canada etc)
however, prestige in IB is concentrated in the elite firms, and highest IB earners often out-earn top almost all earning physicians and many surgeons
I like to draw you to the term ‘high society’, usually defined as immediate family members of influential politicians, family members of billionaires, CEOs, top-flight physicians, top-lawyers, top-financiers
CEOs = top strategy consultants, bankers too
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