So, I know you'll read this and say ' He's naive". Actually I'm not and have man y years of battle scars on the retail side. Been through the boiler room cold calling w business when it was legal and encouraged. Was told the best lead in the world was if someone answered the phone. Figured out how to make it work and built a lasting 29 yrs strong! Would have been easy to quit as most did. Was starving on 100% commission and no advance. had the lights shut off at home. You get the drill.
So my question is, why are so many bankers hyper focused on exit opportunities? It seems to me you have to work your ass off to get to the right college. Then work your ass off to get an interview / hired. Then you work your ass off in the job for a few yrs (making good money for a kid). I realize it's a grind but so is law school and med school and top MBA and consulting, etc. It's all a grind until you're a leader and have others to do the grind. If the answer is you really want to be at another place, why don't you just focus on getting there the whole time?
Have two friends who are F250 CFOs. Both took different paths (MBA vs. CPA) but neither of them did IB to grad school back to IB associate to PE to MBB to corporate dev. The CPA did Big 8 to client to wharton (paid for by client) to various finace roles within client to CFO of division to CFO at another global company. MBA was basically the same. Once he got to where he is he moved up the food chain to the CFO position. Has been employed there 20 yrs. Makes 2M / yr and does really interesting work making all the IBers jump through hoops.
Investment Banking Interview Course
- 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
- Technical, behavioral, networking, case videos, templates. All included.
- Most comprehensive IB interview course in the world.