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?

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Comments (18)

Oct 12, 2021 - 2:43pm

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).

  • Intern in IB - Gen
Oct 12, 2021 - 2:58pm

LeBron doesn't hold a college diploma and doesn't have mastery of the english language. So nah, I'd ding LeBron immediately

His investments would also surely raise compliance issues

On a separate note, I find it hilarious when "finance guru" instagram pages celebrate athlete investments as if the athlete is personally making these investment decisions. For example: LeBron and Blaze Pizza.

Oct 12, 2021 - 3:08pm

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. 

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  • VP in IB - Gen
Oct 12, 2021 - 9:26pm

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.

Most Helpful
Oct 13, 2021 - 2:26pm

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.

Oct 13, 2021 - 5:18pm

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

Oct 13, 2021 - 8:20pm

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.

"Work ethic, work ethic" - Vince Vaughn

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Oct 15, 2021 - 1:10am

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