What do you spend your money on?

After reading the recent thread on how much we make in IB I thought it would be interesting to see what people spend their money on. I know that living costs and taxes alone take a lot of our yearly income away, but there is still a good chunk left to spend.

To avoid the "you first" question, I spend a good amount of money on golf when I can. Playing golf and the rare golf trip with friends are things I don't feel guilty about splurging on. What do you splurge on?

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 (67)

  • Investment Manager in HF - Other
Aug 24, 2020 - 9:05pm

I spend a lot on travel, so my spending is way down right now (but I'm guessing unless I loved clothing or something my spending would be down). Usually nice trips (Europe, Asia, etc with nice hotels) with lots of experiences and a focus on food. A couple times a year I also splurge on a guys trip (golf, vegas, etc). 

  • Investment Manager in HF - Other
Aug 26, 2020 - 3:45pm

Well no kids so that makes it easy. I'm getting old for guys trips but on those clearly no wife. 

Almost all other trips are with wife. Sometimes with my brother who has kids, that seems much more difficult to do (which I'll have to think about soon), I imagine at that point it'll be 50/50 with kids. 

But trips will probably change, the Aman hotels and super nice meals probably will be replaced by kid friendly resorts and chicken nuggets...Need to fit a few more of those but covid is really ruining it. 

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
Aug 25, 2020 - 1:59am

car collection

car parts

tools, power tools, garages, car storage, car insurances

electronics, gadgets

obviously no need to buy suits, ties, shoes or travel any longer

  • 1
Aug 25, 2020 - 6:29am

Travels, elite bartenders, sushi.

"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
Aug 25, 2020 - 6:49am

I don''t drink, so forgive my naivety:

What are elite bartenders? Elite bars with better bartenders or are these people you can rent?

  • 2
  • Associate 1 in CB
Aug 25, 2020 - 3:14pm

"Elite Bartenders" are the bartenders who show the cleavage and finish the night with happy ending. You have to spend a good bit on them. 

Aug 25, 2020 - 7:30pm

Renting bartenders to host. They bring their own cavalry (liquor collection) and seduce you with unique hops, flavors and scents that don't exist in a bar.  


"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
Aug 25, 2020 - 12:38pm
  1. Fitness - I spend a shitload on a strength and conditioning coach, MMA gyms and shit, supplements, etc. It's all worth it to me but I spend like 2k a month in total so I consider it splurging
  2. Travel - love to see new places and explore local culture in foreign countries. And I like to live it up when I travel with nice hotels, fancy dinners and what not. I've done all types of trips as well from party vacations to romantic trips to the Caribbean to weddings in random countries
  3. Watches - I love a great timepiece, so buy a new one every other year or so
Aug 26, 2020 - 12:37pm

I waited a bit as an analyst and bought a Rolex datejust. Then, I grabbed a GMT batman for my everyday watch now. I tend to lean Rolex, but i'm currently looking around at an A Lange Saxonia and a Jaegar LeCoultre Master Geographic because I want a pretty dressy watch to wear as well.

For an analyst, I think (depending on how much someone wants to spend) a Breitling, Omega or lower prices Rolex is a great option.

Aug 26, 2020 - 3:08pm

I'm a VP now, so it's a lot easier at my level but I always made the time when I was younger. The pandemic also helps right now. I'm not married and I don't have kids so that helps; I also basically trade workouts for fun. I would shift some banking work to the weekends so I could work out more during the week (didn't bother me to work 8-10 hours on a Saturday as long as it gave me more workout time during the week). I'd meet up with friends at 9pm or 10pm on Friday night instead of for dinner so I could get another workout in. Don't get me wrong, I had periods of time where I was just trying to get myself in ok shape but it really comes down to what your priorities are. Lastly, I often sacrificed sleep.

Aug 25, 2020 - 12:47pm

Bikes (getting back into mountain biking, and full suspension bikes are not cheap)

Bike parts/accessories 

Traveling/weekend trips


  • 1
Most Helpful
  • Prospect in 
Aug 25, 2020 - 1:20pm

A lot of weed.
A lot of mushrooms.

That's about it.

Oh yeah, and the Wall Street Journal subscription because it's important to me.

Aug 25, 2020 - 4:35pm

Gym, supplements, and personal trainer. Helps me physically and emotionally. The days I  work out the hardest are the days I kill it at work.

My Brother. My Captain. My King.
  • Prospect in IB - Restr
Aug 26, 2020 - 2:30am

online gambling has completely taken over a huge part of the cornell student body. Kids who saved +20k this summer have seen huge chunks of it washed away at blackjack within 5 days lmao

  • Analyst 1 in IB - Ind
Aug 26, 2020 - 12:41pm

lol that really every college especially with nba being the only interesting thing to watch right now

Aug 26, 2020 - 1:38pm

THE CHILD, yep, the prince himself. Gotta roll in style. Seriously huge chunk of spending.

Rare Whiskey Collection

Old Currency. Why do I need a $5,000 and $10,000 Bill? Because I can and most people have never seen em in real life.

Aug 26, 2020 - 2:52pm

Fitness, music (pre covid I went to a lot of shows), food, car stuff, etc. I have spent a lot of money on bandcamp supporting artists/bands. Good finds on there.

Greed is Good!
  • Associate 3 in IB - Ind
Aug 27, 2020 - 9:52pm

Not married, no kids, girlfriend also makes low 6 figures, and yet: I feel poor in London as well. I just don't get it.

Aug 27, 2020 - 12:05pm

Pretty sure i used my first paycheck as an IB analyst to build a sick 2K gaming computer. then i spent the rest of my cash on onlyfans because thats the only thing that matters right now. 

Anyone wanna recommend some cool OnlyFans i can just dump my cash into. Born to feel you know

Aug 27, 2020 - 12:40pm


Start Discussion

Total Avg Compensation

May 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (195) $233
  • 2nd Year Analyst (110) $151
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (404) $131
  • Intern/Summer Analyst (330) $82