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Final 2021 comp numbers coming out from the large investment banks with VP comp now up to seven figures. Why did I become a lawyer again?

likefunny
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bc we are less likely to get fired as long as we’re billin’…job security is smaller in finance (I say this as my bf is in PE tho so i hope to soon retire)

likefunny

Lol!

Are we good at math?

likefunny

I guess right on cue, big law increased salaries…these handcuffs are getting heavy…

likefunny

Real talk: I didn’t have the chops for investment banking or medicine or any of the other well paid professions were always dreaming about.

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Understood. For me, I always just thought that wouldn’t be able to handle the math but now further down the line, I find it hard to believe that all these finance people are better at math than me. I’m pretty smart! Those folks just have more confidence I guess and so they make the big big bucks. Oh well.

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I literally became a lawyer because I went to a mediocre undergrad that could never get me into IB or PE, not even middle market. I figured cap markets attorney was the closest I’d get. Definitely catch myself day dreaming about being asked to join a fund down the line though.

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I went to law school because I was a tree hugging hippie who wanted to save the Earth. But then I saw my student loan bills, and when I was ghosted by every public interest job I ever applied to, I figured biglaw wasn’t looking so bad anymore…. I had no idea what investment banking was when I went to law school. Had no idea about the finance world in general. It was a steep learning curve.

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Expect my resume and deal sheet soon, OP and A3. Look forward to working with you!

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VP comp at 7 figures? Isn’t everyone a VP at a bank?

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VP in IB. Most likely bulge bracket. My friend is a VP and didn’t make seven figures, but some colleagues of his did.

Can we lateral careers???

A “friend” told me there are a few players in this space atm. Will need to do a market comps analysis. Any volunteers?

Want to add that some VPs were already close to or at 7 figures even before the craziness. If anything, it’s not as crazy as how quickly law firm comp has gone up in the last 2 years

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