VP in IB is a meaningless title
VP is just a title given out to bankers to give them a sense of promotion, and it is not really a big deal. Case in point: I know an ex-VP who made good money at Bank of America in the pre-2008 era, but he is now working at a credit rating agency making only 40 percent of what he used to make. His lifestyle is nothing to brag about. I think people have an overinflated view of investment banking since it really isn’t the path to a stupid amount of wealth. Nor is moving to the buy side a stable path that would lead to an insane amount of wealth.
Also, I am not trying to put anyone down.....just to be clear.
***I am not trying to belittle the guy I used as an example. I actually think he is very intelligent and admirable. And most importantly, he is a great guy. The best I ever met.
can wso remove this troll from the forum?
So much for your censorship attempt....
You've been posting inaccurate and irrelevant responses all over the forum. Every one of your posts is an uninformed opinion and you have contributed nothing to the community. I cannot understand why you keep posting with the amount of hate all your posts and responses have been getting.
Cool.
Rank checks out.
Asian female, 100% fact
Clearly FOB too. Doesnt understand how the western world works.
Lol
The sense of entitlement and privilege of some people on this site is beyond me. 40% of what he used to make is probably around 200-300k a year, which is an obscene amount of money for the average American. Won't make you a billionaire, but it's still damn good money for those who unlike you didn't have the chance to grow up with a silver spoon in their mouths. As for IB not leading to the "insane amount of wealth", it's still a job that pays its entry-level employees 100k+ straight out of college and where MDs at the top banks are making close to if not more than a million every year.
Maybe it's time for you to check how the rest of society is living before posting that kind of bs.
Well, while I agree with what you are saying, there was another thread on this forum that talked about how the people who get into investment banking are mainly from privileged backgrounds. If that thread is indeed true, then how does it fit into what you are saying?
Your point being? Yes there is a disproportionate amount of upper-class kids in IB, but that doesn't mean that these kids should spit on a mid-to-high six figures salary that has the potential to become seven figures with seniority. No other industry pays better. Tech does at first but plateaus much sooner, consulting is below, law and medicine are comparable at best.
Now you want to become a billionaire? Go create the next Amazon and then demonstrate exceptional leadership skills to take your startup idea off the ground. Or become the next George Lucas and create a film saga that will still dominate the box office half a century from now. Now I highly doubt you or most people on this site would be capable of that, so be happy with what you have - a top 1% job that gives you an upper class lifestyle.
Very true, and your even underestimating MD comp here too. Junior MD pulls around $1m a year in my group, where there are 3-4 other MD’s that make anywhere between 2m -7m depending on the given year
Please tell me 'Ivey' is a nom de plume and not your alma mater because I would have to revoke my alumni status there just based on this.
Lmfao I just checked this bitch's other posts, and apparently the best job she could land was at a MM boutique. Ok so I can see where the salt comes from, but the superiority complex? What in the world could that come from? Your San Diego State degree?
Lol....I ended up rejecting all 3 offers
So you’re unemployed and shitting on VPs at banks...that makes a lot of sense
Used to work at a credit rating agency. Unsure why you are putting this person down, a lot of people do banking for a certain amount of time then go to careers where they can have a family and still make decent money working 9-5.
I am NOT trying to put him down. I think he is a brilliant man, whom I am still very much in love with. He is the only man I will ever love so deeply. I admire him in every way. He is such a great person too.
If you truly admired him then you would have avoided using him as an example for your argument that his previous job was worthless You are either stupid or lying
Lol this was a turn of events I was not expecting
Can we boot this troll? Some of her posts are funny, but they're few and far between and the low-quality ones are polluting the front page and basically every thread.
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