As I understand, most people use banking as a stepping stone to either business school or private equity. Meanwhile, banking at the senior levels at a BB pays quite handsomely with MDs & senior VPs doing very well. MDs work less "office hours", so the physical load is not as strenuous, and their job is more sales based. In PE, the work is no less demanding / taxing, as you must source and execute investments successfully. This also requires tremendous effort, skill, and a good bit of luck. And in order to earn carry, one must put in as much "career time" as one would to become an MD.
Obviously senior PE executives make more money. Is the anti-banker bias on WSO simply a fiscal one? PE 5mm > IB 2mm? To me, it seems rather sophomoric.
There is a much higher probability of "crash and burn" on the buyside if you are not a successful investor, while career bankers are relatively secure and have transferable skills.
Can someone explain this peculiarity, or can I just discount the bias as a byproduct of delusional college kids having no idea about the real world? Discuss.