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 (51)

Oct 16, 2010 - 1:56pm

Thumbs up

The trouble is not that people thrive to become analysts at top banks, the trouble is that once they get there, they lose their vision and get caught up. You gotta go through your share of grunt work where ever it might be, but you gotta be always aware of the opportunities that will make you leap over the rest.

Do what you want not what you can!
  • 1
  • 1
  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Oct 16, 2010 - 2:36pm

Good Post. But also remember, Gordon Gecko went to prison for insider trading. There is the right and wrong way to approach career success and money. A great book about this is by Anthony Scaramucchi called coincidently "Goodbye Gordon Gecko: How to achieve success without blah blah" I forgot the rest and am too lazy to look it up. A highly recommended read

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
Oct 16, 2010 - 7:19pm

I think a lot of the problem is people that think the only way to really be a player, in general, is that you have to go on the traditional path (Ivy or "Target", I-Banker, move up from there). Sometimes being denied by this system motivates us non-targets and corporate finance scum to work even harder and have higher goals. Sometimes staring at an excel spreadsheet all day can really drain these young analysts for the long-run.

Oct 16, 2010 - 7:23pm

Johnny seed, you are 100% correct. Some of the best most successful out there have gone very non traditional routes. Those that go the traditional route are in a narrow band and rarely if ever break out. Hence, the golden handcuffs people talk about.

Oct 16, 2010 - 7:57pm

Johnny seed, you are 100% correct. Some of the best most successful out there have gone very non traditional routes. Those that go the traditional route are in a narrow band and rarely if ever break out. Hence, the golden handcuffs people talk about.

+++++++++++++++++++++++++++++++++++++++++++++++++
Try Smart FTP (File Transfer Protocol) for Free! www.smartftp.com
SmartFTP also offers secure, reliable and efficient transfers that make it a powerful tool.

Oct 20, 2010 - 8:05am
theluckyseven:
Gate_Crasher:
Gordon Gekko is a God and we worship him at the alter of all you can be "the world and everything in it"

That is so right!

We should create a group, or a secret society to smoke fat cigars, enjoy good wine and scotch and discuss strategies for that matter.

Obviously with all the "player's toys" that we can afford...who's in?

The secret society already exists..........its called Wall Street.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
  • 1
Oct 17, 2010 - 2:47pm
DoubleTrouble:
Been on this chat board for a few weeks and I see what crap people post, ranking banks, talking about prestige of banks, bashing perfectly good banks because you got fired or rejected from one. Well, I think it is pathetic as hell. Are there any true "players" or even potential "players" on this site, or what. When Gordon Gekko was the shit, he was talking trash on what everyone on this board is striving to be, which is $400,000 a year working stiff on Wall Street.

That's the key to becoming a real player: Convincing others that if they work for you they are players.

Best Response
Oct 17, 2010 - 3:30pm

I think a lot of you guys are missing what I consider to be the most important part of the quote - "Rich enough not to waste time."

You guys are all fixated on the number, whether it's $400k or $800k or $10 million. The number isn't what matters, it's the lifestyle that matters. It's units of happiness. I know so many Wall Street guys that are bringing in extraordinary incomes, but their happiness is in the toilet. They're slaves to their jobs, they don't ever have a minute "off" when they can put down the Blackberry, put work out of their head, and relax with their families. Time is the most precious commodity, and they're not making any more of it.

Being a player is more than a dollar figure. Being a player means you have LIFE figured out. It means that cashflow is no longer something you have to wake up in the morning and consider - it is automated and an afterthought. Your daily annoyances are taken care of by people you pay to worry about such things. Your energies can be spent chasing excitement, fulfillment, and philanthropy (if that's your thing).

And that's why thousands of Wall Street guys rise every day and complete their Bateman-esque morning routines, fancying themselves masters of the universe, while guys like Tim Ferriss wake up on the beach smiling and happy.

As Thoreau said - "A man is rich in proportion to the number of things he can afford to let alone."

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • 9
Oct 17, 2010 - 10:07pm
CaptK:
I think a lot of you guys are missing what I consider to be the most important part of the quote - "Rich enough not to waste time."

You guys are all fixated on the number, whether it's $400k or $800k or $10 million. The number isn't what matters, it's the lifestyle that matters. It's units of happiness. I know so many Wall Street guys that are bringing in extraordinary incomes, but their happiness is in the toilet. They're slaves to their jobs, they don't ever have a minute "off" when they can put down the Blackberry, put work out of their head, and relax with their families. Time is the most precious commodity, and they're not making any more of it.

Being a player is more than a dollar figure. Being a player means you have LIFE figured out. It means that cashflow is no longer something you have to wake up in the morning and consider - it is automated and an afterthought. Your daily annoyances are taken care of by people you pay to worry about such things. Your energies can be spent chasing excitement, fulfillment, and philanthropy (if that's your thing).

And that's why thousands of Wall Street guys rise every day and complete their Bateman-esque morning routines, fancying themselves masters of the universe, while guys like Tim Ferriss wake up on the beach smiling and happy.

As Thoreau said - "A man is rich in proportion to the number of things he can afford to let alone."

You got it more so than anyone else here..

Oct 17, 2010 - 11:29pm

That post was golden. Although, I'd much rather be baller than a player.

I win here, I win there...
Oct 18, 2010 - 2:04am

No reason to monkeyshit me boys. This was a good thread.

Captn Krunch, your point was a good one. But you stole that from Gekko in Money Never Sleeps, so not such a major revelation. But worth repeating, I guess.

Oct 18, 2010 - 2:56am
DoubleTrouble:
No reason to monkeyshit me boys. This was a good thread.

Captn Krunch, your point was a good one. But you stole that from Gekko in Money Never Sleeps, so not such a major revelation. But worth repeating, I guess.


DT - I'm a little insulted that you believe I "stole" one of my core beliefs from a character in a second rate sequel that came out only a few weeks ago. I suggest you head over to Amazon and pick up a copy of Tim Ferriss' Four Hour Work Week and give it a read. The book as been widely praised by most on this board, and I consider it one of the most important books I've ever read.

You can read some more about the general thesis of "lifestyle design" at http://www.fourhourworkweek.com/blog/overview/, and more about Tim at http://www.fourhourworkweek.com/blog/about/

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • 3
Oct 18, 2010 - 4:02am

To me having a lot of money is necessary, but not sufficient for happiness. One needs a number of things to be truly happy - family, friends, children, health, etc... money is one of those things and a crucial one. Unlike friends and other loved ones, however, one can actually have "enough" money. That said, for me, having "enough" is way, way, way, way more than 800k / year.... but that just depends on what kind of things you're interested in and so on.

I'd like to buy my Chicago Bulls - then I'll have "enough". Then I'll be a player.

Good post -thumbs up.

  • 1
  • 1
Oct 18, 2010 - 4:32am

CaptK,

I'm in touch with Ferriss's people right now trying to get him to do an interview for WSO. I'm hoping to make it a video interview. If you could ask him any one thing (or any three things, etc), what would it be?

By the way, his new book is out in about 8 weeks. I'm really looking forward to it.

Oct 18, 2010 - 10:29am
Edmundo Braverman:
CaptK,

I'm in touch with Ferriss's people right now trying to get him to do an interview for WSO. I'm hoping to make it a video interview. If you could ask him any one thing (or any three things, etc), what would it be?

By the way, his new book is out in about 8 weeks. I'm really looking forward to it.


You'd better believe I've already ordered 2 of the autographed copies in advance (one for my dad - hopefully it can help him get in shape). I actually lost about 30 lbs using a hybrid of his "Gain 34 lbs of muscle in 4 weeks" and "Lose 20 lbs of fat in 4 weeks" - worked like a charm more than any "diet" plan I'd ever tried, and I wasn't miserable or hungry. I've gone almost fully paleo diet-wise now, and I feel 100x better all day every day (energy level, clear skin, etc).

To avoid highjacking the thread further - I'll take my questions for Ferriss to PM. Would be awesome if you could score that interview.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • 3
Oct 18, 2010 - 11:41am
CaptK:
Edmundo Braverman:
CaptK,

I'm in touch with Ferriss's people right now trying to get him to do an interview for WSO. I'm hoping to make it a video interview. If you could ask him any one thing (or any three things, etc), what would it be?

By the way, his new book is out in about 8 weeks. I'm really looking forward to it.


You'd better believe I've already ordered 2 of the autographed copies in advance (one for my dad - hopefully it can help him get in shape). I actually lost about 30 lbs using a hybrid of his "Gain 34 lbs of muscle in 4 weeks" and "Lose 20 lbs of fat in 4 weeks" - worked like a charm more than any "diet" plan I'd ever tried, and I wasn't miserable or hungry. I've gone almost pull paleo diet-wise now, and I feel 100x better all day every day (energy level, clear skin, etc).

To avoid highjacking the thread further - I'll take my questions for Ferriss to PM. Would be awesome if you could score that interview.

Capt. K , looked for both books on amazon but miraclously did not find them ....care to share who is the author ?

Maybe I do not have quotes under my name on google, but I KEEP IT REAL
  • 2
  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Oct 18, 2010 - 9:24am

The only thing we need in life is a little artificial stimulants. Case in point: adderall. A miracle drug. It will cure your illness, make you lose weight, stimulate your central nervous system, make you smarter, aound smarter, eat less, workout more, last longer in the bed, stop your impulse decision making, make you more productive, and make you exercise alot more. Any contrarians?

Oct 18, 2010 - 10:00am

eyelikecheese

adderrall is an insanely effective drug, yes... but after time it will begin to take it's toll on you. use when absolutely necessary but be extremely weary of overuse and dependency. it can happen.

Oct 18, 2010 - 11:56am
International Pymp:
eyelikecheese

adderrall is an insanely effective drug, yes... but after time it will begin to take it's toll on you. use when absolutely necessary but be extremely weary of overuse and dependency. it can happen.

Agreed. And I speak from experience. I should have listened, but my doctor initially suggested that I just take up coffee. It has the same benefits, and he used it throughout med school due to the same inability to control concentration (could be hyper-focused one moment, and unable to absorb new information the next).

Whatever you do, just don't take Adderall daily.

Oct 18, 2010 - 8:48pm

Of course we're not Players, neither are you, but that's what we're striving to be. The truth is if you're a player you wouldn't spend time on this board b/c you're "rich enough not to waste time." And that's exactly what you'd be doing a forum. Weak post, a lame attempt at sounding regal.

Oct 19, 2010 - 12:17am

TerenYoung, you are so stupid my little peon of a friend. You have no clue. I can call you and all these people out if I choose. Like Machiavelli who wrote "The Prince" I am more honored than most ballers, players and certinly ibanking wannabes. I'm not going to reveal exactly what I'm getting at, but be that as it may. If you had ANY perspective, you'd see the post for the glory that it is. King DoubleTrouble rules over you mofo.

Oct 20, 2010 - 11:12pm
DoubleTrouble:
TerenYoung, you are so stupid my little peon of a friend. You have no clue. I can call you and all these people out if I choose. Like Machiavelli who wrote "The Prince" I am more honored than most ballers, players and certinly ibanking wannabes. I'm not going to reveal exactly what I'm getting at, but be that as it may. If you had ANY perspective, you'd see the post for the glory that it is. King DoubleTrouble rules over you mofo.

Uh oh! Internet drama from a so-called BSD, b/c that's what Players do right? Hop on forums and talk crap to people they'll never meet in between jet hopping and working on closing that next big deal. All of the guys I know making $400k+ don't have the time or the desire to fool around on forums. You wish your boss let you fly first class or sit in the box with him @ Rangers games- f*ck off prick...you're just like every other schmo, delusional, with your two tone wso/">shirt hanging in your closet, beating your meat as you fall asleep alone every night, with grandiose "Pinky & The Brain" dreams that you'll never attain.

Oct 20, 2010 - 11:23pm
TerenYoung:
DoubleTrouble:
TerenYoung, you are so stupid my little peon of a friend. You have no clue. I can call you and all these people out if I choose. Like Machiavelli who wrote "The Prince" I am more honored than most ballers, players and certinly ibanking wannabes. I'm not going to reveal exactly what I'm getting at, but be that as it may. If you had ANY perspective, you'd see the post for the glory that it is. King DoubleTrouble rules over you mofo.

Uh oh! Internet drama from a so-called BSD, b/c that's what Players do right? Hop on forums and talk crap to people they'll never meet in between jet hopping and working on closing that next big deal. All of the guys I know making $400k+ don't have the time or the desire to fool around on forums. You wish your boss let you fly first class or sit in the box with him @ Rangers games- f*ck off prick...you're just like every other schmo, delusional, with your two tone wso/">shirt hanging in your closet, beating your meat as you fall asleep alone every night, with grandiose "Pinky & The Brain" dreams that you'll never attain.

Teren Young, it is not about if you are a player or not, but if you will ever be one. From the idiocy of your post, it seems you will definiteiy NEVER, EVER be a player. You will also never even make $400k per year, in your best year.

Oct 20, 2010 - 10:42pm

Aut repellendus et natus. Voluptatibus distinctio illo et expedita voluptas.

Qui magnam in a necessitatibus ea mollitia quasi odit. Molestias id fugiat aut quia. Ullam hic ut consequatur quae autem. Vitae aliquam rem laboriosam nihil consequuntur perferendis blanditiis.

Oct 20, 2010 - 11:52pm

Eveniet ea in ullam at. Incidunt eaque beatae beatae rerum. Aut consectetur voluptas quo voluptatem enim tempora adipisci. Tenetur deleniti fugiat hic voluptas. Et suscipit aut sit eaque eligendi. Saepe saepe totam aliquid ea doloremque.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Oct 20, 2010 - 11:54pm

Voluptatibus et consequatur nihil odio et quisquam ut. Aut aspernatur aut nesciunt consequuntur unde rem. Nostrum nemo facere qui qui cumque.

Et molestiae sed rerum commodi quos atque voluptatem est. Et rerum sit maiores beatae reiciendis et et est. Architecto error nesciunt recusandae quo voluptatum rerum ullam. Asperiores eum eos et assumenda nesciunt eos officia. Ipsa sit aut unde rem. Laboriosam ut molestiae est occaecati officiis.

Nostrum reiciendis ipsam officia et atque quisquam. Quas accusamus alias reprehenderit blanditiis occaecati porro. Alias quod aliquam est sed.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+286IBby Partner in PE - LBOs
Public banging
+184OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+176PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+122REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+115OFFby Associate 1 in AM - Other
Dating smart girls
+111OFFby Analyst 2 in Consulting
Who manages your money?
+96INVby TechnoPanther
I want to quit already…
+94IBby Analyst 1 in IB - Cov

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (132) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82