Oldest Managing Directors You Know?

Who are the oldest MDs you know? I know one at a bottom tier BB who is 65 and I don't really know why he still works (golden handcuffs?), any others you can think of? Don't you eventually get pushed out? 

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (25)

  • Analyst 1 in IB - Ind
Feb 7, 2021 - 6:31pm

Most seniors that stay in finance actually like it. They don't really pitch at that point and just give advice

  • Analyst 2 in IB-M&A
Feb 7, 2021 - 7:43pm

Our group head is mid 60's (man has been an MD since 1998 lol). I rarely saw him at the office even before covid (maybe once every other week) but man brought in consistent ~$30mm-40mm of deal revenue a year (3-4 m&a, a couple financing/cap market deals). Probably raking mid 7 figures while working less than 30 hours at this point in his life.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
May 4, 2021 - 4:28pm

Well I think some of the CEOs / chairman of the major banks may still consider themselves MDs. I think Ken Moelis may still use the title MD and he is prob around 65. His actual age may be disclosed in MC's annual proxy. I think Eric Cantor may also be around that age and still an MD. Other MDs I worked with there could very well have been in 60s. Hard to tell sometimes. If a person is really in the business of giving advice and if that person is able to somehow keep slowly but surely getting smarter with age; then they should be a better banker as older. Also I think at HL they may have some 60 or 70 year olds still giving advice. Hey, maybe even the chairman of M&A there; don't . Remember his name but has been there for like 20 years maybe, might even be 80 or 90. Who knows. Also for what it's worth I think the chairman of S&C, not shenker but another guy there could be even older. Maybe he is 100+ who knows. He is like very big in FIg. Was like the lawyer during the financial crisis. Not super relevant but a close comparison to banker work sometimes 

  • Analyst 2 in IB - Ind
May 4, 2021 - 9:32pm

A MD in my group is approaching 70 and still works pretty hard. He is online pretty often past 10PM and on calls around the clock and on holidays. He makes it rain though (usually a top rainmaker across the street), so I guess he must really love what he does. A few other MDs are in their 60s. 

May 5, 2021 - 3:30pm
Start Discussion

Total Avg Compensation

May 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (194) $234
  • 2nd Year Analyst (110) $151
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (404) $131
  • Intern/Summer Analyst (329) $82