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Coach
When is external hire IBD recruiting season?
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No, IB was a great place to start due to the structured training programs, built-in networking of the analyst program, and overall rigor and intensity to ensure proper work ethic capabilities. Definitely not somewhere I would stay long-term though. The grass is most certainly greener on the buy-side and I'm very happy I made the shift
Who cares about status. Its a great place to start but im literally just going to take the things I learned and the capital I earned here to go buy a small business in the Midwest and just sit on 1M of ebitda each year and let my wealth compound instead of throwing it in the S&P for 10% a year.
We’d never pay 6x we’re prepared for 3-5x.
I’m 28 and have 500k, my partner is 32 with 500k. We have around 1-1.5M from investors. And we’ll get the remainder from an SBA loan.
Put in 2 years. Good experience and money.
Status of IB is of unparalleled excellence & could never be matched, so it’s a pointless question.
No matter what job you’re in, you’re going to experience some busy and stressful years at a lot of jobs, more so early on in your career (assuming you’re not one of those that tries to just sneak on by with minimal effort). There’s a different type of stress among leadership given the pressure to generate sales, but you should want to have those tough years to look back on proudly that you were able to grind through it.