Opting out of streets after 7 months for more schooling

Will be completing Masters Elec Eng this Fall at big name U. Looking to go into trading @ BB starting January, but strong possibility of going to PhD by start of next fall (august?). Anybody know about employment term contracts or length of commitment? Could I not say anything about potential departure at time of employment, and when time comes, break the nut to MD?

Hoping to work until bonus comes around, then get out of streets, and live a grad life (at least the start of it) in high rise apartments sipping on DRC.

 

If you never want to work at that firm again, then sure go ahead and surprise the MD with news that you're leaving.

Why would you want to go to grad school after getting a spot on a desk... what's the point? You'd likely not even get to do anything really meaningful yet.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

Defer your PhD admit by 1year or maybe 2. Give your trading gig a chance for a period of more than at-least a year. Some grad schools will allow you to defer PhD admits if you make a compelling case.

If you succeed at at your trading job, drop the going back to school idea. If you realize the PhD thing's better for you, go back to school and take the experience, perspectives, and $ with you.

 

Laboriosam delectus neque necessitatibus. Rerum sit nisi est. Ratione enim quia non error.

Est consequuntur laboriosam repellendus suscipit temporibus dolor. Illum reiciendis dolorem est sit molestiae id. Exercitationem repellendus facilis et nihil quidem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”