Anyone here considered going the investment banking route? I know they do more finance work, but they are analytical and the compensation is crazy high. Talking to an old colleague and the first year analyst make 100-120k base and 60-80k bonus.
*though you work MANY hours

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Posting as :
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Ahh yes the IT consulting to IB route. Old as time itself.

likefunnyhelpful

Have fun ripping 85+ hour weeks

likehelpful

100% agree

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I made the switch from analytics to IBD. Can help answer any questions.

helpful

I started as an engineer and made a switch to an analytics consultant role and used that to leverage into a consultant position at Deloitte after ~1 year or so.
Once at Deloitte I pushed to get involved with the m&a group and used that experience to lateral into IBD.

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I just made it to the final round, just to lose out to an internal applicant.

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They’re super super selective. You’re probably better off trying to break into an analytics arm at MBB or even B4 then eventually industry.

I’m not making IB money but I do alright (gonna gross $400K this year) 15 YOE

Might be able to RPA their LBO models otherwise don’t think you’ve got a chance.

Tech tho

🥶

I considered it, but after seeing how much I hated being on-call during deals in FDD and how the bankers worked even more, I don't ever want to go into IB no matter how much money they make. Working 50-60 hours regularly is already a drain on my energy levels/social life for me personally, but I can still manage to have some semblance of a life F-Sun. In banking, your work is your life and my friends who stuck it out in that industry are all out of shape alocholics/druggies.

I've come to realize that unless you have an extreme type-A personality, most of these careers people salivate over aren't that great outside of the money you make. I'm in strategy consulting right now (former CPA) and am looking to pivot back to finance because I absolutely loathe how fluffy the work is. Yeah, I'll probably get paid less, but at least I'm doing something I enjoy and have some regularity to my life.

If you want an extremely luxurious life and work on the biggest projects, then maybe IB/MBB is for you. For me personally, I'm way happier doing less prestigious work that I still enjoy and think adds value and settling for a lesser paycheck.

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