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April 30, 2024
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That’s just a career, not a life. Two different things.
What's a life?
One day ...or something close.
This hits a little to hard.
I don't know if this will get much attention (given the reasons people come on this website), but this is actually super insightful and caused me to see things in an interesting way.
Are you insane or are you six
I'm confused with your comment, I was being authentic. I think this really puts into perspective the path that I am on / feel like i'm supposed to be on.
Asian detected
This shit really made me think how theres so much more to life than finance
considering hundreds of millions of people live fulfilling lives outside of finance, I would say so.
18 year olds on WSO be like....
"Ok so I'm a senior in highschool and deadset on IB. My plan is to get into a top target (think HYP), then hit the ground running for an internship my freshman year at a boutique, then leverage that into a local MM IB internship, then leverage that into a SA stint at a BB (think GS/MS/JPM), do 2 years as an analyst, then get into a M7 MBA, leverage that into a top private equity firm (think Blackrock/KKR/Carylyle), make partner eventually, then retire. Is this a good plan?"
I mean, yeah that’s a good plan if you’re an underachiever. I personally got a BB offer after my sophomore year and then an EB offer junior year. Unfortunately they found out I lied about being gay so now I’m a prospect again.
.
Overuse of the word "think" is very accurate
*Stanford GSB
Such insight, much wow.
Nope. The better career path:
Baruch College -> UBS -> Deutsche Bank -> Arizona State University -> Retire -> Die with regret
Die from syphillis after ASU
That's a life well lived
After getting with all these gargoyles at my ivy, I really think some ASU girls would be worth having it burn when I pee, or syphallis.
goated
I have a question though, I went to a target school and I played jump rope with the idea of getting into IB until this pandemic hit and made me think it might be better to just take my return offer at a corporate accelerator and be thankful I have a job.
Is this track essentially closed for me, and if so will I never be happy? I know this sounds like a dumb question but I really have no idea what I want to do with my life and I feel like I should have just been like my parents who just followed the medical track to success rather than try to construct my own path. Again, sorry for the dumb sounding question and thank you for your responses!
Take my advice with a grain of salt but if you've an itch for IB then try it out for a year or two and then decide about leaving for med school or staying in finance.
My GPA is below cutoff though (still trying to figure out why financial statement analysis was so hard for me), so I don’t think I’d be able to get anything for FT (got placed as an alternate for Oppenheimer’s FT 2021), is there any hope for me with a below cutoff GPA or should I just try and take the MBA route down the line
Can just jump in at the MBA point
Entrepreneur->Series A B C D E fundraising->IPO->NASDAQ 100 component is way more successful than your plebish financier life.
I meant it in the most humble way possible.
Entrepreneur -> live with your parents until you're 35 -> fail to raise money -> bankruptcy -> die
Now that's the life
Entrepreneur -> live with your parents until you're 35 -> fail to raise money -> bankruptcy -> realize that your trust fund is generation skipping -> die
Old days - have a high income, invest prudently, retire with a large net worth
Today - play the startup lottery, hope you IPO, and walk away with 9 figures + in less than 5 years.
No way you can build a working startup and IPO in 5 years
Not necessarily true - only recently had venture capital progressed to delay IPOs by funding more and further rounds of capital. IPOs used to come earlier for many tech companies (even three years in), and there’s no reason it couldn’t happen - it’s just unlikely given the explosion of late stage and growth. All depends on entrepreneurs desire for early liquidity vs more growth.
What a life well-lived......Not
Harvard -> Goldman Sachs -> Retire to Senior Government Position
Harvard -> Goldman Sachs -> Breitbart -> Government Position
Goat path is definitely having your dad do all that IB -> PE -> HBS -> PE shit and then your path is
Exeter -> Harvard -> trust fund -> travel and become an “investor”
is it difficult to get into schools like Exeter or is it just money and connections? ignorant comm hs kid here
Idk I went to public school. I doubt there's a question that says "who's your dad?" but I assume they definitely look into it
The epitome is DJ Khaled, do absolutely nothing but yell your name and get paid a shit ton while chilling with popstars and celebrities. Even better is his son.
You think people would pay him to just yell at the beginning of a song? He's basically the director of his albums, meaning he coordinates the musicians, production, and design to produce his albums. If he was that replaceable, then no one would pay him what he gets paid. He started from nothing as a random DJ in Miami
HBS -> MBB -> Bain Capital -> Bain Managing partner -> Governor of Massachusetts -> Presidential candidate -> US Senator
Now that's a life.
feels bad man
IDK man I met Mitt's son once and he didn't seem too upset about it. They're all wildly successful while still living their beliefs.
*Harvard JD/MBA
Know of any good threads on JD/MBA programs?
you forgot running one of the worlds most beloved toy stores into the ground
Bro more like
Target school --> Multi National United --> Die in the field because your a contractor
Be more surface level pls
If you go the Carlyle route and don't do a stint in a Fed administration deregulating industries you plan on LBOing the minute you go back, are you even trying?
Epitome of what?? Life? There is no epitome of life 😂. There can be an epitome of a great life although.
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