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300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

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  • Analyst 1 in IB - Gen
Jun 2, 2021 - 10:53pm

If motivated by comp, maybe NBA is the better route. But how much does a PM at one of those places make (not comparable to NBA, right??)? But, if you have a true passion for investing, there's probably no better seat to have than a PM @ Viking/Coatue/D1. The latter applies to me, so I'd go with PM. Norman averages ~ $10mm a year, Trae Young ~$6mm but probably way higher w/ endorsements + will be way higher in future, Jalen ~$2-3mm. 

Viking/Coatue/D1 all run super lean and have massive AUM. Probably $500mm per head, if not higher. Analyst at one of those funds probably clips $1-2mm a year, senior analyst/PM probably clips $2-5mm+. So unless I'm missing something, seems comparable in terms of comp. NBA is an incredibly rewarding career, and sounds fun and all, but it's hard work and it's not as glamorous as it seems. Being an analyst @ Viking/Coatue is extremely stressful + high turnover, can't say the same about D1. But please don't get ahead of yourself, it is extremely difficult to land a seat at one of these shops, let alone keep it...

  • Analyst 1 in IB - Gen
Jun 2, 2021 - 10:59pm

I don't have any data on comp @ TGM, does anyone? Crossover strategy. Long tech short retail on public side, and then basically buy into every single fast growing startup in the world on the private side. Seem's to be working...for now. But Chase & Scott are bright folks, should figure out ways to stay ahead in the years to come. Lot's of info on them online, but idk anything about comp there. 

Jun 3, 2021 - 12:58am

Few thoughts...top PM is a hard seat to get and keep, but being a top NBA player is arguably even harder and more competitive. There is also in aggregate more money to be made investing/trading in markets than in professional sports. Though, NBA players probably like their jobs more than fund managers on average.

  • Analyst 1 in IB - Gen
Jun 4, 2021 - 1:06pm

Oh lol, I thought those seats were always sought after bc they pay so much and it's rewarding work. In a year like 2020, I feel like a lot of the big tiger cubs crushed it, wouldn't an analyst there make $1-2mm in a good year like 2020? I was alluding to "good year", not average. Would appreciate your insights. 

Jun 3, 2021 - 2:16am

Lol @ the guy saying Trae Young making 6mm - he will prob make 25-35 mil/year + for the next 8 years minimum

also OP definitely a knicks fan

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  • Analyst 1 in IB-M&A
Jun 3, 2021 - 9:54am

Being an athlete would be brutal. Even if you earn a ton, I think the psychological fate would be pretty tough to deal with.

You peak in your 20s/30s which is when most other people just start getting going. Imagine living your life knowing that your best years are likely behind you-that's the life of an ex athlete. Also, if you were a serious athlete you need to take immense pride in your ability. However, time eventually catches up to everyone, so each day you might get a step slower, or jump a little less high, and gradually you realize you can't do the things you used to do and you no longer are a good player. Also, you have injury risk. Imagine if everyday in finance there was a 5% chance your brain just stops working and you could no longer get paid doing that job. 
 

Being an athlete sounds amazing in your 20s and early 30s, but then you have the rest of your life where you'd need to find a second career that gives you fulfillment. If you are really smart and good, you could change your career like Shaq or Charles Barkley and go into the media and more, but that's not the norm and you'd need both an amazing athletic history and a great personality, which isn't exactly the average player. Overall, sure you might build a huge nest egg, but you'd have to deal with injury risk and having the way you made your money become completely not useable post 35ish. I think peaking that early would be a brutal fate.

Jun 5, 2021 - 9:50am

Being an athlete would be brutal. Even if you earn a ton, I think the psychological fate would be pretty tough to deal with.

You peak in your 20s/30s which is when most other people just start getting going. Imagine living your life knowing that your best years are likely behind you-that's the life of an ex athlete. Also, if you were a serious athlete you need to take immense pride in your ability. However, time eventually catches up to everyone, so each day you might get a step slower, or jump a little less high, and gradually you realize you can't do the things you used to do and you no longer are a good player. Also, you have injury risk. Imagine if everyday in finance there was a 5% chance your brain just stops working and you could no longer get paid doing that job. 
 

Being an athlete sounds amazing in your 20s and early 30s, but then you have the rest of your life where you'd need to find a second career that gives you fulfillment. If you are really smart and good, you could change your career like Shaq or Charles Barkley and go into the media and more, but that's not the norm and you'd need both an amazing athletic history and a great personality, which isn't exactly the average player. Overall, sure you might build a huge nest egg, but you'd have to deal with injury risk and having the way you made your money become completely not useable post 35ish. I think peaking that early would be a brutal fate.

Easy to switch if you got interest.
I'll be that (average) NBA Player, $5M/year for 10 years, build up tens of millions net worth when I'm 35.
Easy to switch to tons of rewarding interests - poker, music, write a book, start a bar. Easy to occupy my time

Jun 3, 2021 - 2:04pm

You'd be surprised - I played a shitton of soccer growing up (nearly 17 years of it) and would be down to play it professionally. Although maybe not 100% - I'd be 100% in if it weren't for all the fucking diving.

MLS (and to a lesser extent, Major league rugby) are both up-and-coming leagues that I expect will see a ton of growth over the next few decades in the US

Jun 3, 2021 - 2:55pm

Would have to be out of your mind not to pick NBA player, IMO.  Unless you have a phobia of crowds, don't see any reason to pick PM

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done

Jun 3, 2021 - 7:25pm

I'd want to be a PM so I wouldn't run the risk of being traded to San Antonio and seeing Gregg (what kind of asshole spells it with 2 g's) again

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

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Jun 4, 2021 - 10:58am

True. Mistakes like that are why I work for the Clippers instead of a hedge fund :(

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

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  • Intern in IB - Gen
Jun 3, 2021 - 8:08pm

I would literally eat human shit, let an analyst dump a load on my face, have Ole perform satanic Norse rituals on me, and sacrifice my firstborn just to taste the fart of a PM at a top fund. Words can't even describe what I would let happen to my body to become an NBA player.

NBA player 

  • Analyst 1 in Consulting
Jun 4, 2021 - 2:05pm

This is not even a question... NBA easily. Honestly would take being an overseas player (in a top-tier league like Euroleague) easily over the PM gig also

Jun 5, 2021 - 3:11pm

The difference is the love of the game. If I were a huge basketball fan then I'd love to be in the NBA. I love motorsport so if I could drive for lamborghini (I actually know a young driver for them) I would go for it for any comp. These guys would play basketball in their free time and I would go to track days any chance I have, but very few people do M&A for fun haha.

Jun 8, 2021 - 9:42am

A better comparison would be this. Would you rather be a top PM at a HF or a guy who plays 5-7 minutes a night (4th line) for the New York Rangers making the NHL league minimum of 700k. On the one hand you're famous (a pro athlete) and in great shape (you work out all day) and have status/fame to attract women but on 700k in NYC after taxes and agent fees you are not really killing it. The NBA player comparison makes no sense to me as even the no-name guys sitting on the bench are making big bucks.  

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