Upbringing and Success: Do Rich Kids Have an Advantage?

Recently I came across an interesting article "Yes, rich kids already won the career game. Here's why" (https://michaelochurch.wordpress.com/2011/01/30/yes-rich-kids-already-w…). To sum it up, the author argues that rich kids have an advantage because (1) they know how to appropriately interact with superiors and executives, which makes them appear more charismatic compared to middle-class peers (2) if their family backgrounds become known to coworkers, they are generally viewed as not working for money, so their work ethics are not questioned (3) rich kids generally treat their jobs as an extension of college where they grow and learn.

It has always been a hotly debated topic among my friends and acquaintances, given the popularity of reality TV shows from Kardashians to Rich Kids of Beverly Hills and the perceptions that all rich kids are spoiled brats who squander their parents' money and have no clue what they want to do with their life.

My view has always been that it hugely depends on family education - you have as many dumb and lazy rich kids, proportionately, as dumb and lazy poor kids - and there are many extremely successful people who were born into privilege. Kids who were born into high social echelon were exposed at a young age to the very things that would make them successful later on. And that does give them a leg up in the career game. What's the most difficult in parenting rich kids, though, is instilling the drive and work ethics in these kids who probably don't have to work a day in their life.

 

Holding all else equal, yes the wealthy have an advantage. But rarely is all else held equal

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

It is an enormous advantage. Even when you account for simple things like the expectation that the kid will go to college and that going to a top school is expected as well, that expectation drives behavior unconsciously from a young age. Granted, that is not nearly as likely with someone whose single mom won the lottery, but those type of rich kids are the exception, not the rule.

 
DickFuld:

It is an enormous advantage. Even when you account for simple things like the expectation that the kid will go to college and that going to a top school is expected as well, that expectation drives behavior unconsciously from a young age. Granted, that is not nearly as likely with someone whose single mom won the lottery, but those type of rich kids are the exception, not the rule.

This.

Your brain is constantly scanning your environment and will adapt to it. That is, certain genes will get turned on/off depending on your environment and life experiences (i.e. epigenetics).

 

They definitely do have an advantage . It is clear that these children can readily afford a premium education ,( on all tiers) afford the best tutors for standardized tests and for weaker subject areas . Their parents generally also have a host of connections/cronies that can more often than not propel them career-wise . However , this does not guarantee success . It is mostly a matter of these children capitalizing on the resources that are rife in such a household. I think the intangibles you mentioned determine whether or not the child will be successful though . ( Well whatever is deemed as successful) It is a putative advantage at least.

 
jesus of nazareth:

My view has always been that it hugely depends on family education - you have as many dumb and lazy rich kids, proportionately, as dumb and lazy poor kids - and there are many extremely successful people who were born into privilege. Kids who were born into high social echelon were exposed at a young age to the very things that would make them successful later on. And that does give them a leg up in the career game. What's the most difficult in parenting rich kids, though, is instilling the drive and work ethics in these kids who probably don't have to work a day in their life.

Agree with you, just want to point out that being born into advantageous circumstances and capitalizing on said circumstances are two different discussions entirely.
 
Best Response

This essay was written by an absolute and utter moron. This is his last paragraph:

"So why did I write this essay, if I can offer no solution? First, it’s because I believe my generation will overthrow the arbitrary and brutal authority of corporate capitalism and bigoted conservatism in favor of rationalistic, libertarian socialism driven by a scientific approach and a concern for universal social justice, and I want to encourage this to happen."

The author is basically a Marxist who fails to see the evidence of Marxism's failure after 100 years and 100 million lives.

 

you mean rich people raise rich kids...or ass holes raise ass holes. They never had to work from the bottom up because they are at the top and there only one way to go and thats up.

 

Peoples anger towards the rich often is very simple.

-They generally assume these are just a bunch of spoiled brats who wont work and do not know how to do anything because it is all given to them. OR....

  • These people have such a leg up they are taught to work hard, and save and how to do things, when they go off and work 70 hours a week and get rich its not fair.

So what is it, are the rich people lazy idiots or are they so much better than you they deserve it? Peoples hatred for the rich is often one thing, jealousy nothing more. Same as if its someone good looking from a good looking family.

 

This rhetorical question always comes up and is pointless. Yes people with more resources have an advantage, that is the definition of having more resources. I wouldn't even call that Marxist crap an article, more like a definition.

The questions we should be asking is what should we strive to make equal. Things like "Are individuals equal political actors? Can each interests can be successfully expressed?" "How much of an advantage is too much? When are 'possibilities' an almost impossible dream?" "Are individuals able to change their wealth? Is it possible for people to dedicate their lives and with enough hard work become rich?" "Is it a good thing that we are glamorizing wealth and success? Instead should we be glamorizing other things?"

 

Malcom Gladwell's book David and Goliath touches on this topic as well. He presents the idea that if you were to graph "Parenting Effectiveness" on the y-axis vs. "Family Income" on the x-axis then you would have an inverted U-shaped curve. In other words, after a certain point having more household income actually makes parenting more difficult. There is definitely some credence to this theory. At the same time however, Gladwell also claims that those who are at a disadvantage are sometimes more successful, because they have had to deal with such a disadvantage. He uses the fact that many top CEOs are actually dyslexic to support this theory.

At the end of the day I think it goes back to what everyone else on the thread has already mentioned. Above all else, an individual's work ethic and drive will determine how high they fly.

 

Rich kids have a huge advantage. From the risks they can take (because money isn't such an issue) to the connections and education that easily-available money gives them (not even considering family connections to get a job), children born into rich families have a huge advantage. Think if you're born in a ghetto, and your mother and father have no ambition, barely get by, they have no money....it's harder to come out of that when you're raised around it and basically made to think it's okay.

 

The single greatest benefit is knowledge. Seriously.

I grew up middle class in a small rural town. I didn't even know what an Ivy League school was (other than Harvard and Yale) and didn't know the importance of a name-worthy undergrad. Same for careers. They're exposed to parents who were lawyers, bankers, finance, consulting, sales, etc. My parents managed restaurants and the only business in town worth a shit was the insurance agency and a dental office.

Not knowing any better I took my happy 33 ACT and 4.6 GPA to a local no name school with the goal of getting into dental school or become an insurance agent. It sucks because I could've been so much more.

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
 

I agree.

I grew up in a very engineering focused family and didn't have a clue what AM, IB, HF or PE were. From my perspective there were no interesting jobs out there because I thought of possible jobs based on my experiences in a town of 5000 people. My shortsightedness also was my down fall a kid.

After living in a very wealthy suburb you notice how things are very different. Everyone is a either a doctor, businessman or entrepreneur.

Their children however sometimes turn out to be pathetic manchildren. Sometimes they are quite the opposite.

From what I can tell getting your kid an apartment in NYC is the best way to get them out of the house after they are done with their major in Fame at NYU. And yes I know someone who did major in Fame as NYU and I die a little inside every time because I am pretty sure burning the money to generate heat might have a higher NPV than that degree. Rant done

 
UTDFinanceGuy:
The single greatest benefit is knowledge. Seriously.

I grew up middle class in a small rural town. I didn't even know what an Ivy League school was (other than Harvard and Yale) and didn't know the importance of a name-worthy undergrad. Same for careers. They're exposed to parents who were lawyers, bankers, finance, consulting, sales, etc. My parents managed restaurants and the only business in town worth a shit was the insurance agency and a dental office.

Not knowing any better I took my happy 33 ACT and 4.6 GPA to a local no name school with the goal of getting into dental school or become an insurance agent. It sucks because I could've been so much more.

This. Rich parents know the path and will get the kid exactly what he needs to be successful. He'll get the schools, the network, the extra activities, everything lined up. He'll be forced into them.

The problem with starting poor is that you don't have parents doing the homework for you since you are 1 month old to begin with and you don't know certain things exists until it's late.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 

The rich and wealthy no doubt have certain advantages. But they also have disadvantages. My childhood was seen watching blue collar parents work 80 hour work weeks to barely make ends meet. Did this put me at a disadvantage in certain regards? Absolutely. Did this also give me advantages over them? Absolutely.

The less wealthy have different responsibilities growing up. While I was working full time during the day and stocking shelves at night during summers in high school my more wealthy friends were traveling to Guatemala for an "immersion experience" that they could write about on their college essay. While I was working part time during the school year to pay for expenses, my more wealthy friends were taking violin lessons and meeting with private SAT tutors to get the best score possible. Sure the less wealthy might have a tougher time garnering the skills and resume that a wealthy child might acquire more naturally, but in a lot of cases they develop a work ethic and motivation far above their peers. I'd like to think that these different responsibilities growing up will lead to different advantages and skills.

Someone having a real disadvantage comes from not capitalizing on the advantages one has garnered from their upbringing & experiences. The wealthy kid should tout his amazing experiences and unique skills while the less wealthy kid should be hammering his relentless work ethic in an interview.

Wealth does not lead to guaranteed success just as a poorer background does lead to guaranteed failure. "Nothing is a waste of your time if you use your experiences wisely" -unknown

 

AI is gonna fuck all our assholes regardless. Our best case scenario is our benevolent overlords allow us fourth-generation Oculus Rifts and sustenance pods rather than annihilation.

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

Yes, Rich kids have a huge advantage. Especially a rich White kid. A rich white male (top of the food chain) And this is why.

Poor minority- most likely does not have access to superior education. Will not value education as much as he/she values money. If he/she does happen to care about education, the road to get to a top or elite school is HARD. It takes a lot of mental focus and sacrifice because most likely this kid will have to work and go to school. Everything is from smarts and dedication. Won't have a tutor, mentor, or any person really helping TREMENDOUSLY. Those who are involved in programs, have a little help but never substantial.

Poor White- Almost the same as the poor minority, except opportunities will be slightly easier to get because of race. Unfortunately, won't have the same help from programs geared towards minorities.but all in all, generally the same struggle, just nothing involving institutional racism.

Middle Class Minority and White- Better off than the last two obviously and has had access to things the poor didn't. Will likely go to college, because he/she is expected to. Hopefully, not in a big family though because college is not good for the middle class.

Rich Minority- Economic success; expected to go to college. Dad/Mom probably have really good jobs and great connections. Might really be involved in efforts for minorities and will take advantage of them even if he/she doesn't even need it...-_-

Rich White Female- Will take advantage of opportunities for women. Probably a feminist. Strives to be like Hillary Clinton (okay jk jk). But really, she is better off because of her parents connects and will be able to use their network. However, once at the job she will have to work twice as hard to prove herself.

Rich White Guy- Like the rich white female, but doesn't have to prove himself all the time. His dad got em the job, he is doing what he is suppose to do. All he needs to do is learn the ropes and carry on the name.He will move up the ladder quickly.

Shoot me if you want. But this is the truth.

 

Wow, you have an excuse for everyone except the "Rich White Guy"... as usual it's open season for white males

I think your post is largely BS and that grit, hard work, seeing the big picture are moreso the determining factors in career success rather than skin color, etc. This is 2016, not 1920. The internet has made information freely available to everyone (just looks at this site).

Now roast me with more excuses why people cannot be successful unless their parents are wealthy.

 
KHALEESI:

Yes,
Rich kids have a huge advantage. Especially a rich White kid. A rich white male (top of the food chain) And this is why.

Poor minority- most likely does not have access to superior education. Will not value education as much as he/she values money. If he/she does happen to care about education, the road to get to a top or elite school is HARD. It takes a lot of mental focus and sacrifice because most likely this kid will have to work and go to school. Everything is from smarts and dedication. Won't have a tutor, mentor, or any person really helping TREMENDOUSLY. Those who are involved in programs, have a little help but never substantial.

Poor White- Almost the same as the poor minority, except opportunities will be slightly easier to get because of race. Unfortunately, won't have the same help from programs geared towards minorities.but all in all, generally the same struggle, just nothing involving institutional racism.

Middle Class Minority and White- Better off than the last two obviously and has had access to things the poor didn't. Will likely go to college, because he/she is expected to. Hopefully, not in a big family though because college is not good for the middle class.

Rich Minority- Economic success; expected to go to college. Dad/Mom probably have really good jobs and great connections. Might really be involved in efforts for minorities and will take advantage of them even if he/she doesn't even need it...-_-

Rich White Female- Will take advantage of opportunities for women. Probably a feminist. Strives to be like Hillary Clinton (okay jk jk). But really, she is better off because of her parents connects and will be able to use their network. However, once at the job she will have to work twice as hard to prove herself.

Rich White Guy- Like the rich white female, but doesn't have to prove himself all the time. His dad got em the job, he is doing what he is suppose to do. All he needs to do is learn the ropes and carry on the name.He will move up the ladder quickly.

Shoot me if you want. But this is the truth.

Ignoring the fact that most of this is gibberish, what the hell is a white minority?

 

A real "feminist" would never take advantage of opportunities for women and seeks equal opportunities for both genders. We cringe when we see women trying to navigate the professional world by taking advantage of the fact they were born with a vagina. In fact, we loathe when they approach us at recruiting events or try to "bond" with us during interviews; talking about how women need to look out for each other and how difficult the professional world is for a woman. No, this isn't the 1950s and all professionals can look out for themselves.

Furthermore, any female who feels she must work twice as hard as her male peers to earn their respect is doing something wrong.

Malcolm Gladwell wrote a fascinating book about success and the backgrounds people come from - anyone who has time to read "Outliers", should.

 

Yes, but not only in success but just enjoying life in general.

Due to my family facing financial issues at the time and zoning problems, I ended up going to a "struggling" high school. A lot of the kids there were from poor families and they were not there to socialize, most were there to get the diploma and then get out. The ones I met from wealthier families went to high school to socialize, build a foundation, make good friends, and yes do enjoyable things like partying. From my experience the whole "lets partayy!!" lifestyle of drinking and hooking up is really just an upper middle class spoiled kid thing.

Not only that, despite having a fun time in high school, the wealthier kids at the very least got into the state flagship university and typically ended up getting into things like Greek Life type of organizations. Through those, the kids had a network of friends who typically helped them in having fun but also doing well academically. Spring break? Always somewhere to go with friends and money was not a problem.

Someone in their circle always knew what was going on and they always had something lined up through their friends.

Now as adults, I notice that most of the kids working high paying jobs were ones that were raised in suburbia and had wealthy parents. The ones in top grad programs were usually kids that had great mentors all the way back from high school.

So yes, I would say the number 1 indicator of how successful someone is going to be is what kind of a neighborhood they were raised in.

 

LMAO

I see most rich white guys take offense. No one said you don't work hard. I'm saying you don't have to work as hard.

Bullfighter12 - I doubt if your dad who is " extremely wealthy" has no connections in finance. Who does his estate planning? Himself?

@Managerette" that is a bold face lie. Women who are feminist will definitely take those advantages. It levels the playing field for them. Nothing is wrong with it. And if you think you have gotten anywhere because of only your merit, youre dumb because no one has, not even the rich white guy.

@adapt or die - No one has open season on the rich white guy. It's just the truth. Rich white guys hate to have the disadvantage against minorities because they believe "hard work" is better than "race". When in actuality, everyone on the street has not gotten in because of hard work. Everyone is smart, how do you stand out?

Again, I listed how all of those people achieve success, but you are too narrow minded towards my analysis on the rich white guy. Everyone can achieve success, its just easier for the rich white guy than the poor minority guy/woman. If you think that is not true, then why is Goldman Sachs/JP/ MS/ any other bank filled with more rich white guys than any other type I mentioned? If you don't think thats an advantage, you are purposefully blind.

These days, the rich stay rich. There are not that many people breaking into the rich guy club. The American Dream died years ago.

 
KHALEESI:
If you think that is not true, then why is Goldman Sachs/JP/ MS/ any other bank filled with more rich white guys than any other type I mentioned?

Well, MD's at BB banks are mostly age 45-65 ... so they're not even growing up now and we are talking about 2016 I believe.

I think it would be a more valuable exercise to look at BB 1st year analyst classes, which are a pretty good melting pot of races. They have more men than women, but that is largely due to self selection of college major. Is it the world's fault less women than men choose finance/econ??

All of your excuses make you sound pathetic.

 

What the fuck are you even talking about.

Actually, yes it is. Because society puts images and beliefs into young women's head before the age of 12 about what they should aspire to do. As a result, their priorities are usually less math based than humanities.

But you wouldn't know that because your too stuck up your ass thinking you got where you are because of merit.

 
KHALEESI:

@Managerette that is a bold face lie. Women who are feminist will definitely take those advantages. It levels the playing field for them. Nothing is wrong with it. And if you think you have gotten anywhere because of only your merit, youre dumb because no one has, not even the rich white guy.

@Managerettehard work" is better than "race". When in actuality, everyone on the street has not gotten in because of hard work. Everyone is smart, how do you stand out?

You tell me: what do you think those advantages are? I'll be shocked if you can find one which doesn't go against the core values of a true feminist. Do you think women shake hands in a back room and agree to give each other jobs simply because of our gender? Do you think we are hired simply to satisfy diversity goals? Do we wear low cut blouses and bat our eyelashes? Please elaborate and tell me how you think "gender equality" and "female advantages" are not incongruent with each other.

Also, I said nothing about race. If you're going to directly respond to someone make sure it is the correct person.

 

The problem with this debate as I see it is that people are generalizing a little too much.

Yes, there are poor kids who don't give a fuck about working hard. Do we think it's because they are inherently born lazy, or do we think it's because they lack the belief that doing well in school can actually get them out of their situations? It is probably a combo.

Inversely, yes there are rich kids who don't give a fuck and live off of their parents wealth and connections. However, there are others who work their asses off to get where they are, though admittedly they do often have advantages in having supportive networks and in being able to attend good schools.

People get very sensitive with this debate because the reality is that most people don't exactly fit into one of the stereotypes above. They feel disrespected by others as a result.

The bottom line is that anyone from one side of the argument at the end of the day really doesn't know where the other is coming from because they haven't been in their shoes. But anyone who argues that poor people aren't at a significant disadvantage with being successful in life is just being unrealistic in my view. This doesn't diminish the hard work they have put in.

Just my 2c coming from an upper middle class white family.

 

Im not wasting anyone's time. If you don't like it, don't read. Don't come on a board made for discussion.

Wall Street People are so in their asses.

Plus the advantage starts WAY before they enter the workforce.

 
KHALEESI:

It is so fun fucking with you guys and seeing how much Wall Street gets in their feelings.

Your excuse making, entitlement mindset is part of the reason some many people are voting for Trump (myself included). Let me guess you're under 24 and a Bernie Sanders supporter.

Keep training for hunger games because you're never going to make it in high finance (cheese term) with your pathetic attitude.

 

Oh you're voting for Trump.

You must be a special kind of stupid.Funny you talk about entitlement, when Trump's whole campaign is fueled from entitled white dumbasses who feel that when a person of color gets a little traction in the world, they are being oppressed. Shut tf up and stuff those feelings up your ass after you lick Trump's.

But, I'm not voting for Bernie. The country isn't ready for that, and neither is my income. lol

And who says I want to "make it" in finance. Fuck Wall Street. I'm doing this for right now and I'm going to become a billionaire on my own terms. Pathetic little Analysts like you, who enjoy working paycheck to paycheck, are the reason why GS JP and other banks are able to thrive. They can treat you like shit and you still gravel. They make billions off of you while you work 100+ hrs a week with barely any sleep. I will pass on "high finance". I'll let mindless minions do that work.

I will make my money. Build my network, and say fuck you to you and everyone else who acts as ignorant as I have seen on this topic. Honestly, get it together.

And you better hope that purging never happens, cause I will be coming for your ass.

 

I went to a non-target but top notch state school for undergrad and am going to a target/private school for graduate school. The kids at both schools were smart. However, the kids at the at the public school just didn't have the same ambition and long-term vision. Their version of success was study hard, get good grades, and get a back office offer from JPM or GS. The kids at the target/private school seem to have a better understanding of the fact, that getting good grades is a very small component of what makes you successful coming out of college. Connections are everything in the business world and kids with white collar parents seem to have an easier time understanding that. My Dad was a blue collar guy, and for the life of him, he cannot grasp the concept of networking events, coffee meetings, or why anyone would respond to a cold email from a stranger.

Of course, I am stereotyping the shit out of this and turned this more into a target vs. state school thing. I've met plenty of trust fund kids that are grade A fuck ups. Some of them had shitty parents, others managed to fuck it up all on their own, despite being handed the world on a silver platter.

 

kids with white collar parents have a easier understanding? Shit so what, its a understanding dude are black people not capable of learning this? I dunno about everyone else but i think all races are smart enough to grasp networking is important. Lets pay a little respect to everyone here and stop acting like everyone except for white people are idiots.

 

then they're retarded - if their parents are that rich, why aren't they working closer to them so they can just inherit all of their connections and hard work!!! That's what I'd do if I had rich parents at least. Unless I had some freak talent in something else...

But money does help when it comes to NOT stressing over scholarships to pay for tuition, ability to pay their way into interesting summer and study abroad programs, ability to afford trips to network in NYC, etc...

If your rich, you have the means, you just need the balls, creativity, and hard work to make it happen.

 

It depends what kind of rich your parents are. If they're from a downtown area and involved with charities, school boards, etc., then they can almost definitely be of help, unless they're just anti-social. It's not all on them though. You, the kid, need to maintain a good reputation amongst their circle while in high school (be chatty when they come over to dinner, smile at the old ladies, tell football stories and talk politics with the men... etc.), but if you do, when the time comes for your parents to ask for a favor (not "give him a job", but rather a more subtle "can you call your friend at Blackstone and see if my son can email him....") then they'll always say yes. So basically... You can't rely entirely on your parents, unless their sooo rich that people are dying to please them, but you can still feed off of your parents assuming they're connected enough (and probably pretty well off) to be in the same circle with lots of people in the industry, people connected to the industry, etc...

 

also, it's much easier for your parents friends to help you if you go to a good school. IF you went to a random school and someone trys to get you an analyst job in IBD, it's sort of going out on a limb, unless they're a very good contact. If you went to an ivy or another good school, it's much less of a big favor. "My friend's son just graduated from brown, very nice kid. He's interested in banking and I thought maybe he could give you a call", is pretty easy thing to ask... if there's no impressive detail like "he went to x", or he "used to work at X", it'll be more of a favor.

 

Well, if your parents have a big-ass account open with any of the wealth management arms of any of the BB's, I'm sure securing at the very least a first round interview shouldn't be a problem. The rest is up to you.

 

Good article. (FYI to others, you have to copy & paste the link). Money is only part of the equation of happiness.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right." -Warren Buffett
 

"The result is a surprising litany of anxieties: their sense of isolation, their worries about work and love, and most of all, their fears for their children."

And poor people don't have anxiety or fears about the same things? They should do this same study on the poor or middle class community. Instead of worrying about who has the biggest yaht, they are worrying about how to put food on the table and how to afford to send their kids to college.

There are miserable rich people and miserable poor people. Which would you choose? I'd rather cry in a Ferrari.

 

While well-intentioned and definitely interesting, this article does come from a privileged standpoint in its own. The bottom line is the wealthy are human, and they will experience the same psychological problems as another human being: anxiety, loss, sickness etc (this I agree with, defining people by their wealth whether negative or positive is inaccurate view of people and lead to insincere relationships) . However, certain statements sound ridiculously entitled "rich people worry about money more than poor people do." well, they might think more about money because they have more of it to deal with, but the consequences that which people living in poverty worry about money are basic needs: food, shelter, being alive. The consequences of the wealthy concerning about money will only be a higher or lower margin. I think the article should have focused on perhaps, what happiness really means? and also include "poor people" in the study if they are going to refer to them in comparison to "wealthy people".

 

Nihil saepe architecto sed. Aperiam est eveniet velit quos dolorem voluptates consequatur. Minima unde non quas est et. Facilis cumque officiis deserunt quia. Eos ut consequuntur maxime suscipit non nihil. Adipisci expedita earum labore. Ea quae doloribus sint consequuntur modi ratione.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

Esse quas perspiciatis aut. Nihil numquam neque quos distinctio. Itaque officiis et perspiciatis provident delectus. Qui sed voluptatibus dolorem non sequi quidem.

[quote=Matrick][in reply to Tony Snark"]Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand. [/quote] [quote=BatMasterson][in reply to Tony Snark's dating tip] Sensible advice.[/quote]
 

Cum quia sed inventore dolor labore qui. Corrupti commodi consectetur quod dolores blanditiis illum et deleniti. Vel at libero vel eligendi corrupti ducimus. Culpa ut incidunt atque non.

Aliquid sapiente veritatis similique corrupti. Aperiam ipsam id facilis consectetur ipsam praesentium veritatis. Ut dolorem eius quia ea animi explicabo facere. Blanditiis fuga suscipit aut velit. Et unde et officia saepe.

Quia quaerat repellendus molestias reiciendis tempore. Qui officiis ut vel aliquid laborum et. Sint non perferendis enim non hic laborum. Sapiente aut impedit quis libero. Maxime optio vero enim ex sed.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
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...”