Would Lebron be able to land an IB position once he retires?
Okay… stupid ass question, yeah, but I thought it was pretty interesting. Let's say Lebron retires from the league and, even though he's sitting on 100's of millions, decides to take a jab at IB. I personally think that he could get any low level FO Wall Street job he wanted, given his name. If I'm the head of T&A at GS or JPM or some other BB and a less senior HR member asks me what to do, given that they received an application from Lebron, that motherfucker is getting the job. May start a movement honestly, working 18 hours some days wouldn't be nearly as bad if I get to discuss m&a with the king. Thoughts?
A lot of professional superstars have their own investment firms. Mahomes has done a few SPACs I believe. LeBron and KD run a VC type of fund with their business managers/advisors (someone I know is aware of a former senior finance guy who coinvested with Kobe back in the day).
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Of course. Could be the top rainmaker in Beijing.
Why would he? This premise is fatally flawed, guy has never taken direction once in his life and he's going to go into client service?
To answer what I think is a more intelligent version of your question, D1 athletes should have an easier time getting into financial services jobs and doing nothing. Imagine your client is a huge [Insert School] fan and you ask them if they want to play golf with one of the starters who is your analyst, they'd lose their minds.
It was entirely hypothetical man, but I appreciate you taking the time to engage. First sentence of the question acknowledges that it’s stupid
Bron would have the nicest deal sleds in the office
Absolutely, his presence alone would close most deals.
He could absolutely take a vice-chairman / advisor role at somewhere media and entertainment focus. All those guys do is bring in a rolodex. They're not reviewing model outputs.
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Let's look at NBA and NFL players who join major financial firms, shall we? I don't claim that this is comprehensive (articles are from 2015 - 2016), but this is a start (I don't like Business Insider that much).
(https://www.businessinsider.com/football-players-on-wall-street-2016-2)
(https://www.businessinsider.com/best-basketball-players-on-wall-street-…).
From these two articles, and correct me if I'm wrong, I don't see any players from either league that went directly over into IB as anything more than an Analyst, and these are generally players straight out of college. The much more common thing for big players to do is start their own private investment firms or vehicles, so I think that would be the way for a Lebron to go. You've had Mahomes and Verlander behind DISA. Shaquille O'Neal was behind FRX and FRXB. Colin Kaepernick is behind MACC. Alex Rodriguez had the blow-up with SLAM and Panini. SPAC sponsorship has clearly been on the table for these people, and the fundraising environment has been good for VC and PE funds from these players.
I think the answer is no, but not necessarily because it would actually be impossible, it's just that nobody does that. They start a PE or VC fund and take carry. It's not like Lebron is going to go to a BB and use his Rolodex to crush it in Sports & Entertainment for the bank.
superstars with household name recognition start their own funds because why wouldn't you
i've seen a few examples of mid level / fridge pro sports players going into MBB, RE, etc and i'm assuming their sports experience helps close deals with the typical old white dude client
I concur. My main takeaway is that they're most likely to go into the private investment world. Cheers
Would kind of be like a super model. Sit in the corner, look pretty, and never open their mouth.
Man leaves the nba for the mba lmao
https://en.wikipedia.org/wiki/Jason_Wright
this guy went to booth after his nfl career, worked at mck (and made partner), and now is the president of the WFT
https://www.linkedin.com/in/shayneskov/
another former nfl player at mck
there are others, i think it's more common for NFL players because there are just more of them, so there are more semi famous players who made good money but aren't set for life and don't have the name recognition to start their own firm or w/e
Bill Bradley was a star player at Princeton, became a Hall of Famer for the Knicks, became a US Senator, and then worked at McKinsey, L. Catterton, and Morgan Stanley. Steve Young is a partner at HGGC, a leading tech private equity firm. Tom Brady is very likely going to be a corporate bigshot or politician when he retires. But these people are highly competent and can do these things on their own. They aren't just eye candy for jock-sniffing clients.
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