non ib related jobs worth it?

I'm considering my options other than ib for a first year graduate if I were to come from a Target school. The hour of IB don't appeal to me and I'm interested in finance in general. Would there be many opportunities for me to do the normal 8 hr work schedule ? And if I'm already ruling out IB because of the hours, should I not even bother coming from a Target school and save the cash and attend a school where I would get scholarship money? Am I realistically only looking at BO? Thanks

 

Corporate finance at a F500 would be a great start. Apple pays ridiculously well from what I've heard. Do not develop an IB or bust mentality, there are so many great opportunities out there and if IB isn't for you then, well... it isn't for you. Plain and simple and nothing wrong with that.

 

if you want to be successful in any job straight out of college regardless of the field your going to work more than 8 hours bud. FACT of life. That being said I think that sell side ER would be an awesome gig to break into because the experience is invaluable it sets you up for the greener pastures of buyside AM and i'm guessing that it doesn't require the hellish hours of IB. Are you a prospective high schooler looking at colleges? Undergrad looking at postgrad? confused by your post.

Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.
 

If you just want an 8hour job,then dont waste your time studying or your money in order to go to a target school.Because if you want to make a lot of money,you will have to work more than that,in every field of finance.. IB is the one that required the most work,ER and S&T will require 10-12 hours per day (depends on the firm).

The only exeption would be to create your own business.At first you will have to work very hard,but afterwards,and depending in the nature of the business,you may have lots of free time...

 

So let me get this right: you're still in high school and considering walking away from an Ivy because you don't want to maybe work a lot of hours for a couple of years when you're 22, and then be financially set for the rest of your life?

Come to your senses man.

Push as hard as you can for the best that you can, and then when you're 25 make a decision on whether or not you want to keep up the pace.....you're in the top 0.1% of the earning bracket ON EARTH and if you get distracted now, you may just not be able to get back on track later.

Think it over, very carefully

Get busy living
 
UFOinsider:
So let me get this right: you're still in high school and considering walking away from an Ivy because you don't want to maybe work a lot of hours for a couple of years when you're 22, and then be financially set for the rest of your life?

Come to your senses man.

Push as hard as you can for the best that you can, and then when you're 25 make a decision on whether or not you want to keep up the pace.....you're in the top 0.1% of the earning bracket ON EARTH and if you get distracted now, you may just not be able to get back on track later.

Think it over, very carefully

Very good post.

 
Best Response
pacman007:
UFOinsider:
So let me get this right: you're still in high school and considering walking away from an Ivy because you don't want to maybe work a lot of hours for a couple of years when you're 22, and then be financially set for the rest of your life?

Come to your senses man.

Push as hard as you can for the best that you can, and then when you're 25 make a decision on whether or not you want to keep up the pace.....you're in the top 0.1% of the earning bracket ON EARTH and if you get distracted now, you may just not be able to get back on track later.

Think it over, very carefully

Very good post.

Thanks. I wish someone had sat me down at 17 and said this. Work/life balance and 'finding yourself' are a disservice to anyone who has an opportunity to advance professionally and doesn't come from wealth....and especially if this is the case, we're talking about legacy changing wealth and power.

Just do it man, you'll thank yourself when you have money in the bank and options while everyone else you know is worrying about how to keep a roof over their head......

Get busy living
 

I'm not in high school. I am "accepted" at a target and a non-target, the target being much more expensive and I'm deciding whether I really want to do it. I don't want to do the target route if it isn't necessary outside of IB.

The reason I'm saying is because even if I do come from an Ivy, the chances of my landing in IB are slim to none. I'd be competing with kids who are more qualified than me for fewer jobs than there were before the financial crisis. Quite frankly, I'd be happier coming from a non-target majoring in something other than Econ, rather than the Ivy I have admission to majoring in Econ and hoping I get lucky going into IB, but that isn't a reality and kids get rejected all the time. What would I do if I don't get any SA offers or any internships coming from the target? I graduate with massive debt and have nowhere to go..so I take on corp fin which I could have done coming from the non-target.

 
statedilemma:
I'm not in high school. I am "accepted" at a target and a non-target, the target being much more expensive and I'm deciding whether I really want to do it. I don't want to do the target route if it isn't necessary outside of IB.

The reason I'm saying is because even if I do come from an Ivy, the chances of my landing in IB are slim to none. I'd be competing with kids who are more qualified than me for fewer jobs than there were before the financial crisis. Quite frankly, I'd be happier coming from a non-target majoring in something other than Econ, rather than the Ivy I have admission to majoring in Econ and hoping I get lucky going into IB, but that isn't a reality and kids get rejected all the time. What would I do if I don't get any SA offers or any internships coming from the target? I graduate with massive debt and have nowhere to go..so I take on corp fin which I could have done coming from the non-target.

Going to target --> good chance at IB or other front office role, even better chance at F500 Going to non-target --> slim chance at IB, depending on the non-targetness of the school, also hard to break into F500

Life's about taking risks. If you go to the target and land an IB role, you could end up in a completely different position 10 years from now than if you didn't take the chance. Depends on how badly you want it.

 
statedilemma:
I'm not in high school. I am "accepted" at a target and a non-target, the target being much more expensive and I'm deciding whether I really want to do it. I don't want to do the target route if it isn't necessary outside of IB.
Going to an Ivy will open up a whole range of possibilities other than banking that are very profitable. If the question is to Ivy or NOT to Ivy, just the search function, as there are some very informative posts on this debate.
statedilemma:
The reason I'm saying is because even if I do come from an Ivy, the chances of my landing in IB are slim to none.
Your chances go up dramatically. Also keep in mind that the majority of Ivy kids aren't going into banking.
statedilemma:
I'd be competing with kids who are more qualified than me for fewer jobs than there were before the financial crisis.
More qualified? How? You haven't even started college. As of your first day, you're as qualified as everyone else.
statedilemma:
Quite frankly, I'd be happier coming from a non-target majoring in something other than Econ, rather than the Ivy I have admission to majoring in Econ and hoping I get lucky going into IB, but that isn't a reality and kids get rejected all the time.
I know a lot of Ivies with liberal arts majors in IBD, as opposed to most non-targs having finance degrees and massive work experience. The recruiting is totally different.
statedilemma:
What would I do if I don't get any SA offers or any internships coming from the target? I graduate with massive debt and have nowhere to go..so I take on corp fin which I could have done coming from the non-target.
Again, search the ivy v non posts. Just a quick example: I two people who graduated and went to work for their school's endowment a few years later. One was Ivy, the other wasn't. Difference in the job? One worked for a multibillion dollar entity, the other worked for a tens of millions dollar entity. Massively different level of access.

It's your call, think it over

Get busy living
 

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