Comments (57)

 
  • Prospect in Consulting
Sep 18, 2020 - 8:37pm

I don't know if this will get much attention (given the reasons people come on this website), but this is actually super insightful and caused me to see things in an interesting way.

 
  • Intern in Other
Sep 18, 2020 - 8:52pm

18 year olds on WSO be like....
 

"Ok so I'm a senior in highschool and deadset on IB. My plan is to get into a top target (think HYP), then hit the ground running for an internship my freshman year at a boutique, then leverage that into a local MM IB internship, then leverage that into a SA stint at a BB (think GS/MS/JPM), do 2 years as an analyst, then get into a M7 MBA, leverage that into a top private equity firm (think Blackrock/KKR/Carylyle), make partner eventually, then retire. Is this a good plan?"

 
Sep 19, 2020 - 12:28am

I have a question though, I went to a target school and I played jump rope with the idea of getting into IB until this pandemic hit and made me think it might be better to just take my return offer at a corporate accelerator and be thankful I have a job.

Is this track essentially closed for me, and if so will I never be happy? I know this sounds like a dumb question but I really have no idea what I want to do with my life and I feel like I should have just been like my parents who just followed the medical track to success rather than try to construct my own path. Again, sorry for the dumb sounding question and thank you for your responses!

 
Sep 19, 2020 - 1:24am

My GPA is below cutoff though (still trying to figure out why financial statement analysis was so hard for me), so I don't think I'd be able to get anything for FT (got placed as an alternate for Oppenheimer's FT 2021), is there any hope for me with a below cutoff GPA or should I just try and take the MBA route down the line

 
  • Analyst 3+ in PE - Other
Sep 19, 2020 - 3:51am

Entrepreneur->Series A B C D E fundraising->IPO->NASDAQ 100 component is way more successful than your plebish financier life.

I meant it in the most humble way possible.

 
  • Business School in Research - Other
Sep 19, 2020 - 7:39am

Old days - have a high income, invest prudently, retire with a large net worth 

Today - play the startup lottery, hope you IPO, and walk away with 9 figures + in less than 5 years. 

 
Sep 20, 2020 - 4:09am

Not necessarily true - only recently had venture capital progressed to delay IPOs by funding more and further rounds of capital. IPOs used to come earlier for many tech companies (even three years in), and there's no reason it couldn't happen - it's just unlikely given the explosion of late stage and growth. All depends on entrepreneurs desire for early liquidity vs more growth.

 
  • Intern in IB - Gen
Sep 19, 2020 - 2:59pm

Goat path is definitely having your dad do all that IB -> PE -> HBS -> PE shit and then your path is

Exeter -> Harvard -> trust fund -> travel and become an "investor"

 
Sep 19, 2020 - 3:32pm

The epitome is DJ Khaled, do absolutely nothing but yell your name and get paid a shit ton while chilling with popstars and celebrities. Even better is his son.

Array
 
Sep 24, 2020 - 2:20pm

Epitome of what?? Life? There is no epitome of life 😂. There can be an epitome of a great life although.

There can only be one Dirty Dan, the rest of you are Pin-head Larrys...

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