Thoughts on doing IB for the short-term?

If it is at all possible for me to break into IB, I don't think I would be able to handle the work/life balance for a long time. I would love to be frugal through my 20s while working in IB to save up lots of capital to work towards starting something independently (real estate, biz, stock market trading, etc...). Seems like everybody on here are striving for that $1mm/40yrs old ultimate goal which is done through serious IB commitment. Would there be any downsides for me exiting IB 4-8 years in? I basically want a very high income asap to set myself up for the future. Would it be a smarter route to simply find an easier field in finance and delay when I'll be able to achieve "financial independence"?

Comments (9)

 
Feb 18, 2021 - 11:21pm

dumbanon

If it is at all possible for me to break into IB, I don't think I would be able to handle the work/life balance for a long time.

 

Would there be any downsides for me exiting IB 4-8 years in?

Can't handle IB for a long time ... then proceed to talk about 8 years into IB 

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
 
Feb 19, 2021 - 1:32pm

Is that because people assumed they could handle the workload and then realize they can't, so then they leave banking and face consequences as a result?

Or is it OK to purposefully plan on being in banking for just a few years? (2-5years)

 
  • Intern in IB-M&A
Feb 19, 2021 - 1:40pm

Most of the people leave after their 2-year analyst stint. They want to (usually) go down this path before they start their analyst years, and it's okay to be that way. Just don't tell your interviewers about it (they know it too, but it's something both of you know will happen but still act like it won't). 

 
Feb 19, 2021 - 1:44pm
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