What were your 'milestone' purchases?

What did you buy to celebrate your first SA offer? The day you converted? Or maybe the day you moved into your first NYC/London flat?

Not attempting to as pompous, I feel this type of thing is a very interesting glimpse it other peoples' thoughts, lives and aspirations. Makes everything seem a bit more 'real' and is a good distraction from the endless virus related news.

I bought my mom a louis vuitton handbag (not a tremendously expensive one, but don't worry we'll get there ; ) and I bought myself sony mx3's and kit for a sport I play when I got my summer offer xd

Any meaningful items/experiences you'd like to share : )

Region: 
United Kingdom
United States - Northeast

Comments (232)

  • Prospect in IB-M&A
Apr 26, 2020

-First Summer Offer: Several hundred pounds of top shelf weed for me and my housemates. Took my then girlfriend to a nice restaurant

-Second Summer Offer (Rip conversion lol): Bought a new acoustic guitar and some GMAT prep books. Bought my little sister some jewellery and a coach backpack for her 17th birthday.

-Day I converted: Took my mom and siblings to a steakhouse and paid off some debts my mom was in (nothing massive, just some credit card stuff and overdue rent)

-Day I signed my first NYC flat: Took my current girlfriend to a 3 Michelin starred restaurant

-Day I finished FT training: Disneyland tickets

    • 21
  • Intern in IB-M&A
Apr 26, 2020

Pounds as in PS or lbs?

    • 4
  • Prospect in IB-M&A
Apr 26, 2020

PS ahaha sorry american keyboard

    • 1
  • Prospect in IB - Gen
Apr 26, 2020

lbs

  • Intern in IB-M&A
Apr 26, 2020

Who else though he was referring to pounds as in lbs, and thought we were dealing with el chapo here.

    • 83
May 1, 2020

solid guy! sb+

"Be persistent and you will get, be consistent and you will keep it, be grateful and you will get more"

phuckQuotes

Controversial
Apr 26, 2020

nothing because I rather put cash into investments accounts and retire early instead of buying materialistic items that only provide short term gratification

Array

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    • 27
Funniest
Apr 26, 2020

ye fuck drugs i gotta roth IRA

    • 149
    • 4
  • Analyst 1 in IB - Gen
Apr 26, 2020

lmaooooo this guy fucks

    • 9
  • Intern in IB - Ind
Apr 26, 2020

Chad

    • 4
  • Prospect in IB-M&A
Apr 26, 2020

Eh, not a fan of this actually. Let's say you earn PS10k over a SA gig (obv it'll actually be less than that due to rent/travel/food etc) and are able to buy an etf that produces an 8% annual return.

I feel like the PS800 you get will pale in comparison to the relivable happiness you can get from reminiscing on life milestones like this. Once you start working as an analyst, the initial 10k you can contribute to your investments will be extremely negligible than the amount you will end up investing as you work throughout the years. Obv I'm not compounding, but I'd rather have say PS290k saved up in the bank by the time I'm thirty rather than PS300k but be able to think back at the 'start' of all of this and how far you've come since then where hopefully your future indulgences will be far more substantive than the little things we buy with a summer job say.

I think it mainly depends on where you were in life prior to the milestone. Didn't have an enormous amount of money growing up and dressed somewhat plainly through uni. But dropping PS2k on say a new wardrobe of staples can be an enormous upgrade in the quality of your life.

Apologies about the wall of text, was just on my mind.

    • 15
Apr 26, 2020

what does ps mean?

May 9, 2020

agree and disagree, because you can always spend that money later and have even more left over.

I agree for things that improve your life and that's the example you used - getting a new wardrobe, eating better quality food, saying it's ok to Uber around, etc. etc. are all quality of life improvements that are sensible things to buy.

but what about buying a car or watch new vs used/vintage, etc. - saving 10k there is sensible. I disagree with what you're saying because you're still making good decisions and the way you framed what you're saying is that it's somewhat novel or against the grain. you can sell a watch or gold that holds certain value, but there are always things you can buy that aren't worth it- can you make an argument against buying designer clothes (not necessarily quality)? curious to hear anyone's thoughts on this. I'd say ~5% is great for just "blowing money" like vacations or alc/weed/drugs/etc.

thoughts? I think it has a lot to do with personality / character / life experiences that decide what lifestyle you're ok with. in the end, just because you make good money doesn't mean you manage it well. the thing is you won't be able to retire on 290 or 300, and saving a bit extra to retire 5 years early or having good money management May allow you to retire 10-20 years early and live comfortably.

May 21, 2020

Balling out is fun tho

Ain't trickin if u got it

Apr 26, 2020

Booked a bunch of vacations over the next few months following my first bonus (Labor day, Thanksgiving, New Year's, etc.). Experiences >>>>> stuff, even if it's the nicest stuff.

    • 10
Apr 26, 2020

My family has always gifted me stuff for milestones. Got a Mont Blanc pen for passing my first real exams (think A-Level/SAT with highest marks) from my mom, got a nice watch from my dad when I turned 20. So not really into buying myself things.

Did go to Asia for 3 weeks after my summer internship after converting. Was planning on going to Africa for 2/3 weeks before my FT jobs starts in but needless to say Covid killed it.

    • 1
    • 1
Apr 26, 2020

Yeah it's kind of hypocritical for me to say "nice things, eh..." since my folks are pretty well-off. Big part of that is certainly a familial lack of materialism, sure -- but it's hard to argue there's no "bored of stuff" factor that comes with a privileged upbringing.

    • 1
  • Intern in IB - Gen
Apr 26, 2020

I am also the HUGE fan of mont blanc pens

Apr 26, 2020

I do agree, but I think you have to get to a certain point before experiences start eclipsing items in terms of marginal increases in happiness.

Doesn't have to be a lot - could be simple things like well fitted clothing, enough of a variety to 'dress well', a decent skin care routine etc. If that makes sense, all imo anyway

Apr 26, 2020

Agreed -- decent clothes, apartment, gym membership, etc. definitely trump a trip to Greece if you're forced to choose between the two.

    • 5
    • 2
Apr 27, 2020

nice username

    • 3
May 5, 2020

Lol I didn't think you had seamless as your username...

May 10, 2020

I also booked two extended vacations for two consecutive New Years holidays which I am glad I did, even if it was with my now ex.

  • Prospect in Other
Apr 26, 2020

SA offer: 2 month bender and sabotaged my GPA

    • 56
Apr 26, 2020

Trust the process

    • 1
May 2, 2020

ILY

    • 1
  • Intern in IB-M&A
Apr 27, 2020

haha me rn

Apr 28, 2020

An underrated yet necessary indulgence

Array

    • 1
  • Intern in IB - DCM
Apr 26, 2020

Bout to buy the cheapest patek

    • 8
    • 1
May 5, 2020

$4,995.00 used
+$449.55 tax and $11.95 shipping

https://www.therealreal.com/products/watches/patek...

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 5, 2020

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

    • 2
  • Prospect in Other
Apr 26, 2020

Got my SA offer 2 days ago. Bought an expensive jersey with my 1/2 the value of my signing bonus

Edit: To provide more clarity, I bought a signed jersey of my favorite athlete. I would say who it is, but the team fan base is small, and it could definitely dox me

    • 2
Apr 26, 2020

What kind of fucking diamond jersey is this lol link?

    • 3
  • Prospect in IB - Ind
Apr 26, 2020

You got a signing bonus for SA? I'm London, don't think they do that here...

Apr 26, 2020

They do its usually 1-2k

  • Intern in IB-M&A
Apr 26, 2020

Junior SA offer. Built a gaming PC with a nice 1080p 144hz monitor. Couldn't be more topical considering current covid situation.

    • 7
  • Intern in IB-M&A
Apr 26, 2020

144hz is the best. I had to leave mine in storage when we left bc of covid. I'm using a 75hz one now, and I miss my other monitor every time I scroll through a page.

    • 1
  • Intern in IB-M&A
Apr 26, 2020

I've heard that once you go 144hz it's hard to go back haha

Apr 26, 2020

The hz is what makes the image run 'smoothly' right? I kind of want to get something that makes doing work a better experience xD

May 22, 2020

HA nerd. Why not a couple of top shelf ladies from the corner? Strap on some respirators and gloves and you'll be good. Can't transfer Rona through SEX

Apr 26, 2020

Purchased a nice watch!

    • 1
  • Intern in IB - Gen
Apr 26, 2020

What are some good things to buy to celebrate?

  • Intern in IB - Ind
Apr 26, 2020

Bought a Smith & Wesson

    • 13
Apr 27, 2020

Houston analyst I presume?

    • 51
  • Intern in IB - Ind
Apr 27, 2020

Lol. Yes actually.

    • 12
Apr 27, 2020

Shield 2.0 ?

Gun rights activist
  • Intern in IB - Ind
Apr 27, 2020

Got a good deal on an M&P 40 LE w/ night sights. Going to get comfortable shooting that then work up to a .45 Sig P220 or Colt 1911 in a couple years.

    • 1
Apr 26, 2020

ive gambled and lost a ton, so charity to the great city of vegas

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 19
Apr 26, 2020

oh boy
Depostit for an apartment in NYC
ASC promote!!!>>>
Fidelity deposit

>
Deposit for another sad apt in NYC

Sorry to burst the bubble

Most Helpful
Apr 26, 2020

Im giving my parents 1/4 of my bonus this year and banking the rest. I originally had planned to buy a decent used watch (think omega, tudor, tag) but after reflecting on it for some time, I determined the coolest thing I could do with my bonus is save it.

I grew up lower middle class but always had the best life growing up - always had a ton of really close friendships and from a very early age I knew that I was beyond lucky in that regard. After experiencing college and my first year as an analyst I legitimately laugh at some seniors and peers who dont even realize how seduced they are by wealth -- im talking about things such as when you inquire about a ski trip, and rather than talking about the actual skiing/mountain, the person on the other end talks all about the fine dining, the quality of the resort, etc...but never about the actual skiing. i never have and never will give a fuck about any of that. I do not consider the external perception of what i do to enjoy life. i do things like ski because i naturally enjoy it and it makes me happy.

So, my thought is that if i find myself perniciously corrupted by the fantasy of great wealth when im older, i hope that i will remember that I was the kid who did not buy anything fancy with his bonus because he promised to never turn into one of those people.

    • 65
  • Intern in IB - Gen
Apr 26, 2020

Good on you. It looks like you're an associate. How big a bonus we talking here?

    • 1
Apr 26, 2020

Something I aspire to do as well - it's pretty crazy to see how money can change a person.

Apr 26, 2020

real estate and a trophy wife

    • 14
Apr 28, 2020

That can be expensive!! And RE in HK for sure too...

May 2, 2020
earthwalker7:

real estate and a trophy wife

You're done paying off that Trophy Wife off yet mate.

  • Prospect in IB-M&A
Apr 26, 2020

canada goose jacket.. kind regret it now

  • Intern in IB-M&A
Apr 26, 2020

why

  • Prospect in IB-M&A
Apr 26, 2020

my family is not well-off and i felt like i was trying to fit in and succumbbed to peer pressure.. also know kids whose family can easily afford canada goose jackets who just choose to wear north face instead, which made me feel like i on the other hand am being someone that i am not.. that just reminded me that I have not MADE IT yet and I should not indulge in conspicuous consumption at such an early stage of my career / life.

    • 15
May 9, 2020

I got 50% off from someone using an employee discount and giving it to me and I still regret it because it's a bit too much of a brand. also they use duck down and not goose which pisses me off because they're called Canada GOOSE for some reason although i doubt its a huge difference. they are huge margin for sure (manufacturer sells to CG to $100-200, CG to distributors for probably 4-500, then stores sell for 800-1150/full price)

but, if it lasts for 20 years then I'm cool with it I just don't know if it will ya know? plus kinda hard to wear a suit under, pea coats are better and look better for that. anyway CG isn't bad if you use it for a long time. avg coat is like 25-50 per year over useful life anyway so I should reasonably be happy after 10-15 years.

  • Intern in IB-M&A
May 13, 2020

Preppy chicks dig it, so if that's your preference you will be golden.

May 17, 2020

Don't sweat it and enjoy the jacket. The good thing is that you reflected onto what's important for you and what makes you feel comfortable as a person. It took you a jacket to find it out. Others are still buying Ferraris and Bentleys and are still clueless about it. Well done, a further step into growing your personality in this new chapter of your life.

Btw. Moncler is in between a product for the masses. Look at previous brands from owner. If you are looking for something expensive or with more cachet there are better alternatives.

    • 2
  • Intern in Other
Apr 26, 2020

Jerked off. Seriously.

    • 7
Apr 27, 2020

hahaha

Array

May 19, 2020

Gotta get that post-nut clarity

  • VP in IB - Ind
Apr 27, 2020

After summer intern offer, drove to McD and got the big meal with pancake. Ate the whole thing. Took a nap.

    • 32
Apr 27, 2020
  • Got a job: Bought a Moleskine notebook and a GMAT prep book
  • Saved $100K: Bought my dad a nice SUV
  • Got married: Bought my first apartment and car
  • Last year: Bought my dad-in-law a nice car
  • Got into an MBA: planning to buy a nice watch

I come from extreme poverty and I am happy with where I am.

    • 6
May 22, 2020
TechtileConsultant:

- Got a job: Bought a Moleskine notebook and a GMAT prep book

  • Saved $100K: Bought my dad a nice SUV
  • Got married: Bought my first apartment and car
  • Last year: Bought my dad-in-law a nice car
  • Got into an MBA: planning to buy a nice watch

I come from extreme poverty and I am happy with where I am.

God damn. That is a lot of money....it would take me a decade to save that much.

  • Intern in HF - Other
Apr 27, 2020

Got my SA offer and did a couple of lines with my buddies

    • 22
Apr 27, 2020

I bought a bottle of champagne whenever I accepted an offer for an internship;

  1. Placement Year: Magnum of Moet
  2. First SA: Normal Moet
  3. First IBD SA / Getting into target Master's: Dom Perignon
  4. First BB IBD SA: Piper-Heidsieck Rare Brut

It's nice to share with friends and you can also keep the bottles as a reminder of your own professional development.

Array

    • 4
Apr 27, 2020

Moet seems to be a theme here. If and when you land a PE job buy a
Nebuchadnezzar
https://thechampagnecompany.com/moet-chandon-nebuc... !

    • 1
Apr 27, 2020

I'll save the Nebuchadnezzar for retirement - have to save the best for last!

Think a Jeroboam will have to do it if I get across to PE or I'll get a more expensive brand.

Array

Apr 27, 2020

All the best mate! Hope you make a speedy recovery.

    • 3
Apr 27, 2020

Cheers mate! In hindsight it's cool to have the bottles but the champagne itself is not the best, even if you get Dom.

Any recommendations?

Array

  • Associate 2 in Consulting
Apr 27, 2020

I've thought about milestone purchases often and made a mental list of things I would have liked (e.g. watches, clothes etc) but when the moment comes I always seem to get a very strong sense of hesitation and never go through with it. I'm always happy to spend money on others but never just on myself. Recent milestones have ended up with my taking family/my SO out to dinner or on trips because I don't want material things for myself. Happy to buy them for others though.

    • 6
  • Intern in S&T - FI
Apr 27, 2020

The minute I got my first SA offer I emailed everyone I knew to try and get a better SA offer, found a not-even-close-to-BB-bank in S&T (BNP/Cantor/Stifel/SocGen)...as soon as I got the FT offer from that internship, looked around for something else...

In conclusion: started with a summer offer from a rating agency October 2018 and ended September 2019 with a front office offer at a tier 2 BB (Barc/CS/Citi, BAML)

After that, I chilled out in school and prob treated myself to not-leftovers for dinner

    • 2
Apr 28, 2020

Hahaha I love it.

"Markets can stay irrational longer than you can stay solvent."

Apr 27, 2020

Got a reservation at Dorsia

    • 11
Apr 27, 2020

Shit, Dorsia? How'd you swing that?

    • 1
Apr 27, 2020

Luck, I guess.

Apr 27, 2020

My first legitimate job was working as a host/hostess stand at a major American chain restaurant. I was 16 years old. I bought a Levis' trucker jacket with my first paycheck, and still wear it semi-regularly 8 years later.

After I got my first bonus in my physical oil and gas scheduling job was a nice tennis racket and shoes. Pretty damn simple, but I wanted something practical that I wouldn't splurge on otherwise.

Array

    • 1
  • Prospect in PropTrad
Apr 27, 2020

Incoming SA here. originally was going to buy a starter watch bc I know all the cuck interns in IB have daddy's money and always flex watches. but now that it's virtual I'm investing it. markets low right now and I don't need anything currently.

    • 1
Apr 27, 2020

Invest in what, ETFs or mutual funds? Does your bank/company not have strict rules with respect to trading over the summer?

Array

    • 1
  • Analyst 1 in IB - Gen
Apr 28, 2020

BB IBD here - I can invest in anything not covered by my group.

Apr 27, 2020

How much of it are you gonna invest? I can understand say funding a few PS250 trading accounts to practice but realistically my man doing any form of active investing with say the PS8-9k is a bit risky, and you can't really put it in an index fund or etf atm

    • 1
May 1, 2020

Could you explain why not index fund it?

Array

Apr 27, 2020

$300 sunglasses after SA. Stupid from a financial point of view, but damn do they look good

Apr 27, 2020

Eh, it's about how much utility you get out of it. If you wear your sunglasses only twice a week for a year you'll spend less on them than daily coffee ($300 / 100 times worn = $3/day)

    • 1
  • Intern in IB - Gen
Apr 27, 2020

SA: Had 6 beers to myself since I'm quarantining in the Midwest

May 7, 2020

Ah the ole quarantini

Offshore liffe

    • 1
  • Analyst 1 in IB - Gen
Apr 27, 2020

First analyst bonus - '93 rolex datejust

    • 3
  • Intern in IB-M&A
Apr 27, 2020

I messed up my GPA for partying for a whole year after receiving BB SA IBD. Would do it again tbh

    • 2
Apr 27, 2020

For my SA offer: I drank some Cuban rum and I also bought a nice briefcase.

Apr 27, 2020

Used part of my first bonus to buy a bike. Greg LeMond would go on to win his 2nd TdF that summer. It was a while back :) Good memories!

    • 2
  • Incoming Analyst in IB - Ind
Apr 27, 2020

For my SA offer in SF I had to dump my signing to get a shitty apartment in that way too fu**king expensive city

    • 1
  • Analyst 1 in IB - Gen
Apr 28, 2020

Complain much?

    • 1
Apr 27, 2020

Hermes Birkin bag in "blue jean" and St. Bart beachfront villa week.
Baby I'm Werth It

  • Intern in IB-M&A
Apr 27, 2020

Nothing out of the ordinary since I have never been a very materialistic person (haven't bought new clothes since I went to college besides for networking events or family buying those for me when I'm at home) but after realizing that excel runs insanely slow with a couple of data analysis (from the Analysis ToolPak) I am currently looking for RAM upgrades - the 16gb one is around $80 and it seems like a good value add.

  • Intern in IB-M&A
Apr 28, 2020

The Corsair Vengeance LPX 16GB are pretty epic

  • Intern in IB-M&A
Apr 28, 2020

adding that to my shopping cart, appreciate it!

Apr 27, 2020

Reading thread...

...I should celebrate more...

    • 4
Apr 28, 2020

Can someone reply to me and tell me why everyone wants to buy a new watch? I'm very confused, it seems out of date to me since you can see the time with your phone or a clock

Array

Apr 28, 2020

watch=expensive jewelry that is socially acceptable for men
expensive jewelry=status symbol
status symbol=feeling special

Apr 28, 2020

Basically the only conspicuous consumption item for men. Look at the price of Rolex Daytonas

Apr 28, 2020

I remember buying a pair of raybans after getting my first paycheck ever in highschool... flash forward five years and all I did after getting my SA offer was go back to sleep haha

Array

Apr 28, 2020

I think buying material things when you realize your first nice paycheck is always a bad idea because it builds bad habits. It doesn't make you very different from other idiots living paycheck to paycheck.

Invest it, and once you have some cash flow coming in from money that isn't strictly tied to your time (this means you're still poor), then feel free to buy some dumb shit.

May 4, 2020

Legendary advice

May 9, 2020

The very clear Rich Dad Poor Dad advice aside, don't you think it's a bit of a stretch to compare milestone purchases (by definition things that are infrequent) and the 'bad habit' of living paycheck to paycheck?

May 9, 2020

Not at all. I have made and lost a lot of money enough times to know not to spend a decent portion of my cash on anything other than investments. It doesn't take long for this to compound and yield great results. After a little while, you can blow cash on dumb things without feeling it at all. Also during times like this...it's awesome having a cash cushion that I can spend on buying cheap assets.

It really only takes a few years to get to the point where your spending can't keep up with what you're earning if you're remotely reasonable and allocate well early on...

Apr 28, 2020

This list is reading more like big purchases in life I had to make with my bonus... life in the BO/MO for you I guess.

Placement Year: Used sports car that cost 15K

Y1 Bonus: Nice Christmas presents for my family and a ton of music festival tickets for myself

Y2: 6 bottles of Veuve for this NYE party I threw, New mid-level SuitSupply Suit ($700 if I remember correctly), more festival tickets

Y3: Moved to a BB this year. Got some nicer dress shirts (mostly from Brooks but splurged on some customs as well) and some Italian ties (Zegna, Ferragamo, Versace, etc.). 2 pairs of Allen Edmonds (finally I thought I had made it lol). Golf outing at a local PGA-tour resort ($200 tee time)

Y4: New Laptop. Traveled a lot to visit old friends from College. $500 Michelin star dinner with my family to celebrate me going to B School and my sibling going to college.

  • Intern in IB-M&A
Apr 28, 2020

what laptop did you get?

Apr 28, 2020

X1 Carbon! Love it.

Apr 28, 2020

First year bonus - pay off debt
2nd year - datejust
3rd year - vantage v8 2012 model
4th year - daydate and lady datejust for the wife

There should be a balance between how much you're stacking and spending. Don't spend more than 15% of what you net and don't hoard cash like your life depends on it.

    • 5
  • Summer Associate in IB - Ind
May 12, 2020

A vantage is 15% of your net bonus? Good for you! Are you in IB?

Apr 28, 2020

Analyst stub - Essentially threw it away, went to Vegas the weekend after bonuses and then steadily depleted the rest through my first summer in the city

Would I change my decision in hindsight? Absolutely not.

    • 1
    • 1
Apr 28, 2020

Definitely could have played more blackjack

Apr 28, 2020

Does paying down student loans count?

    • 4
  • Intern in IB - Gen
Apr 29, 2020

After I accepted my SA offer, took my buddies out to the best local deli who always covered me when we ate out in high school.

    • 4
Apr 29, 2020

Just investing my bonuses. Eventually I want to give some money to my parents and get my siblings some nice Christmas presents.

On a different note, I won a cash bet with an executive at my firm for several thousand dollars cash (not going to say what I did as my entire firm knows about it and I don't want to dox myself). Now I have all my poker games bankrolled for the foreseeable future.

Apr 29, 2020

Spent most of my first signing bonus on custom furniture and bought a new car with my last bonus.

  • Summer Associate in IB - Ind
May 2, 2020

What kind of car?

May 4, 2020

Got rid of my Audi and picked up a 2020 Grand Cherokee Limited.

Apr 29, 2020

turning 30 this summer - ticket to MoMa Ps1 Warmups in LIC, NYC (look it up)

    • 1
Apr 29, 2020
  • First "big boy" intership: Bought a new laptop (used) and running shoes
  • Current internship + GMAT: Bought a decent suit and hand-crafted dress shoes
  • When I start with my masters: A pair of full-brogues and a nice but affordable watch (300-800EU)
  • When I graduate: A good suit and a nicer watch (1,500EU+)
  • When I get a real big boy job: A girlfriend

Vincet Voluntas - Will shall win

May 2, 2020

If you're not joking about that last bullet point I'd urge you to reconsider. I can understand why you might have that sentiment, since I've had the mentality to deprive myself of nice things until I reach some arbitrary milestone. However, doing so did not help me reach the next level and actually made me depressed. If you have an opportunity to do something nice (so long as it's not outrageously expensive), you should go for it

I'm a fun guy. Obviously I love the game of basketball. I mean there's more questions you have to ask me in order for me to tell you about myself. I'm not just gonna give you a whole spill... I mean, I don't even know where you're sitting at

May 3, 2020

No no, I am used to being kinda unsatisfied with almost everything I've ever done; the problem runs in the family and is based on a narcisstic streak. At some point, you just accept that you will never be happy.

Vincet Voluntas - Will shall win

Apr 29, 2020

First year bonus: Invested
Second year bonus: Bought an Audi (amazing car)
Third year bonus: paid off parent's loan (best feeling in the world)

  • Prospect in IB-M&A
Apr 29, 2020

After I got the return offer this past summer I bought a bottle of blue label, a cigar an eight ball and got a table with some of boys that night.

Can't wait to do it again once that year end bonus hits.

    • 2
    • 2
Apr 29, 2020

Lmao what bonus bruh

    • 2
  • Prospect in IB-M&A
Apr 29, 2020

You sound like a real tool. And that's coming from a frat boy

    • 2
    • 3
Apr 29, 2020

you're in a frat? that's sick bro

    • 6
    • 1
May 1, 2020

Nah it's dope, you're just bottom tier

    • 1
Apr 30, 2020

A nice mattress. Started in IB after doing a job i hated for 2 years getting paid crap. Never had the cash for a ~$2k purchase until a few months into my new gig. I was sleeping on an old full i bought used off craigslist in college. It got rained on strapped to the roof of my car driving home after graduation - had a nice smell to it.

I have plenty of nice shit, watches, car, etc. BUT nothing made me feel like i had "made it" more than sleeping in my new bed the first time.

    • 5
  • Analyst 2 in IB - Gen
May 1, 2020

Never skimp on mattresses....especially when you're fairly static for 14 hours a day

May 3, 2020

[Serious] tell me more about mattresses, since you probably did your fair share of research going into this purchase. It seems like there are so many options.

May 6, 2020

If you're going the direct to consumer mattress in a box route that is so popular lately I'd advise for a hybrid one that combines memory foam and coiled springs. I have a leesa legend. Wait for 15-20% off since they're usually on sale. Beautyrest black line is also pretty good.

  • Business School in IB - Gen
Apr 30, 2020

To all those in IB who said they bought cars for themselves as milestone purchases (congrats btw!), are you guys based out of NYC? And if so, where are you parking your cars?

I ask because I'm an incoming Associate at an EB and am thinking of purchasing a car, for leisure such as weekend trips, golf outings, etc. I live in the Newport/JC area and my building has a garage. Any fellow IB-ers living in Newport/JC/Hoboken who have cars?

  • VP in S&T - Other
Apr 30, 2020

I'm in S&T not IB but I live at Newport and own a car. It's fine. The garage is $230/mo.

    • 2
Apr 30, 2020

Coke. I only use it for my instagram though since I'm not a user.

Apr 30, 2020

Spent my signing bonus on n95 masks and Purell, no regrets so far.

    • 1
May 1, 2020

30 rack of natty... let the good times roll

    • 3
May 1, 2020

El Tiemp margs IFKYK

    • 2
May 1, 2020

Saved everything except some money on travel (TML, Ibiza) for the first two years. Bought a new Speedmaster last year; next material lump sum is going into a nicer race bike (Bianchi Oltre XR4 with solid wheels).

May 1, 2020

SA offer: partied with my friends and got extremely drunk

FT offer: partied with my friends and got extremely drunk

I see a pattern here...

    • 2
May 1, 2020

When I moved to a T1 brokerage I bought myself a Gibson Les Paul Standard/Traditional.

    • 2
May 1, 2020

I don't celebrate my successes.
I just move onto the next goal. I only have 24 hours every day, and I am trying to put my dent in the world before I leave.

    • 4
    • 1
May 3, 2020

You're going to die a miserable death.

    • 3
May 4, 2020

I also live a miserable life, but nothing great has been done easily.

    • 5
  • CEO in Other
May 1, 2020

After I got the green light to go to NYC, I sold my car for $21K at Carmax and then spent all of that within a couple months in a party/boozefest nearly every single night. What a crazy time. NYC is the shit. I regret nothing.

Most of it was alcohol and alcohol at clubs or club entry fees. I definitely didn't buy bottle service or bottles as that is Johnny Depp alcohol spending...

May 1, 2020

SA Offer: 2 suits from suitsupply

If I get F/T convert with signing bonus, probably a jaeger

May 1, 2020

Got my teeth fixed.

For whatever reason, I didn't get braces growing up - which I should have. This resulted in slightly irregular bite, which really put pressure / stress on some of my teeth, thus causing chipping and cracks. Poured all my money into that, and haven't had any problems since. Pure bliss, compared to the past.

    • 3
  • Analyst 1 in IB - Ind
May 10, 2020
Comment
May 15, 2020
May 1, 2020
May 1, 2020
Comment

"Be persistent and you will get, be consistent and you will keep it, be grateful and you will get more"

phuckQuotes

  • Intern in IB-M&A
May 2, 2020
  • VP in S&T - FI
May 2, 2020
May 2, 2020