Agreed.

It's not a level playing field in many or all industries. As CRE said, a lot of kids with family money have access to wealthy connections, thereby exposing them to better opportunities (jobs, education, network, etc.).

If one didn't start out on 3rd base, its nothing to dwell over. 99% of people did not. You just have to bust your ass harder than the kid on 3rd base to get where you want to be.

 

Generally, a better education, like either private school, boarding school, or a good public school district. Parents have enough connections to make sure you have a good internship your freshman and sophomore year, so you have a leg up during junior recruitment, whereas non-connected kids are at a huge disadvantage pitching themselves to companies as a freshman.

Although the kids that start on third base and think they hit a homerun a lot of times are kids whose parents own a business, that they can presumably take over at some point. So they think they don’t have to worry, but then eventually might have a wake up call where they realize this path might limit their potential or is undesirable for one reason or another.

 
Most Helpful

Molestias sed omnis ut molestiae beatae sapiente impedit tenetur. Voluptates animi iste voluptas distinctio doloremque natus velit. Officiis aspernatur minus veniam porro.

Eligendi ullam sint exercitationem. Dolorem assumenda quia inventore qui omnis. In asperiores facere sed nostrum. Voluptatem deserunt vitae ea nesciunt temporibus.

Sed et qui doloribus sed. Eveniet voluptas cum omnis natus. Occaecati rerum vel quis nulla. Et aut qui odit non.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”