{ "media_type": "text", "post_content": "I’m 24 and just started my career at EY as a consultant. I feel good about the salary I make, work I do, and where I’m at in my career. My personal life also has a ton of fulfillment and truly makes me so happy. That being said, I have a high school classmate and close friend who was in IB and just started his own hedge fund type of business after leaving his big bank job. I feel like I’m falling behind. He’s probably going to end up a millionaire fast. I try not to compare but can’t hell mtseld", "post_id": "60170d26a1594d002aa1b160", "reply_count": 196, "vote_count": 62, "bowl_id": "5e6fe1c31f5e51001d267e46", "bowl_name": "Coronavirus Work-life" }

I’m 24 and just started my career at EY as a consultant. I feel good about the salary I make, work I do, and where I’m at in my career. My personal life also has a ton of fulfillment and truly makes me so happy. That being said, I have a high school classmate and close friend who was in IB and just started his own hedge fund type of business after leaving his big bank job. I feel like I’m falling behind. He’s probably going to end up a millionaire fast. I try not to compare but can’t hell mtseld

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When you’re 24, you’ll be chasing wealth or a job that can supply part of it. When you’re 34, you’ll be chasing more wealth, a honey, and the American dream. When you’re 44, you’ll be seeking that C-level position and how to get your kids out of trouble. When you’re 54, that perfect retirement, and getting your kids to talk to you. When you’re 64, you’ll be trying to keep your memory sharp and that agility you once had. When you’re 74, you’ll be trying not to pee your bed and wish you could walk the way you once had. By 84, you’ll be fighting aging/ dying, seeing friends around you pass... and the cycle continues. Don’t live to work. Work to live. Find passion and fulfillment in things that don’t fade. Money, in and of itself, will never make you happy. When you leave behind this life, money won’t come with you. Put stock in people other than yourself, maybe the unfortunate who need your help the most, and doing good in this world, because that’s what will bring you joy. Stop comparing yourself to others. There will always be someone more attractive, more successful, more rich, more brilliant. Stop being a rat in the rat wheel. Only compare yourself to who you used to be and make incremental gains. Do it for you and not for the guy next to you. Stop trying to impress others, life is simply too short.

likeupliftinghelpfulsmart

25 YO here. Life is more about a long run game. One should know his road map. Born and raised in China, went through Traditional Chinese Entrance Examination (Chinese GaoKao), I believe people who are familiar with that will understand the 12 years stressed education. You are always competing with your classmates. 1 score makes thousands of ranking difference. I was never the number 1 since admitted to a key High School. Especially after going to a key College, I’m more in the middle. I did masters degree in the US, and I saw even more brilliant ppl that I am far behind. But one thing is that I never compare myself with others, and I keep moving on, learning, and thriving. I keep on learning how to be a good person. Make those who are stronger than me be my friends. Occasionally, when I look back, now I’m making more money with a more promising career than the No.1 in my undergraduate class. I’m the only one now working aboard in my high school class. I got a job in the US right before pandemic but some 4.0 GPA kids didn’t. Life is really all about heading to where you want to go. Make those better than you be your resource. Fulfillment is from all perspectives of life. Btw, I really like EY Advisory but didn’t get in. At least on this point, you are luckier than me 😊 cheer up

likeupliftingsmart
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Totally agree with EY1. Focus on your own happiness, and don't compare yourselves to others this way. Someone will always seem to be doing better than you. Just keep focusing on building your financial freedom and keep prioritizing your happiness. It means so much to your long term well-being

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If you compare yourself to others on the axis of earnings, there's no winning. There will always be someone richer than you. The only people (out of billions) that this is not true for are Elon Musk and Jeff Bezos. The former threw his entire $300m PayPal jackpot into likely to fail space launch and electric car companies when he got it. The latter quit a job as a quant to start an online book store. Given their eccentric career paths, I think it's likely that neither care as much whether other people are richer than them as you do that your friend is richer than you.

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MCK, can’t love your explanation more. I also commented under OP’s post: life is more about pace your own way. Be a good and happy person.

How’d he get his hedgefund clients?

likehelpful

Money = / = happiness, especially once you get over six figures.

likesmart

I'm a little older, pretty successful, and intelligent, or so i like to think. I wouldn't compare yourself to others because it's very unhealthy to do. We do things and different rates, points in time, etc. Focus on yourself you'll be great.

likesmart

my advice, try not to compare yourself to those in different industries (despite all the coolaid to the contrary, banks and consulting arent even close to the same earning potential) and until your career cant support your life (ie having family and kids and tuitions for those kids one day) youre doing great!

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This is great advice. There’s also other non monetary factors to consider as well. Bankers on average will be working a good amount more. They can make a ton, but often at the cost of being able to spend time on hobbies, relationships, etc.

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I have a hs acquaintance who joined Google around 2001 and was a network manager when they went public. He made enough apparently to teach inner city hs for a few years to bide his time before boomeranging back to Google. I later saw him on CNN interview after attending Zuckerberg’s wedding, so he runs in those circles. Some people in the right place at the right time. You can’t compare. Be happy for them and what you have.

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Fellow IB grad here who was a Starbucks barista at 24 🙋‍♀️

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I’m almost 24 and I’m falling behind compared to FAANG, how much should a 24 year old make on average?

funny

Don’t covet. Worry about what others make is a distraction from all the good in your life. Maybe ask yourself if there’s something in your work life or a side hustle you could do that would bring you joy and give to others. Maybe it’s less about $$ and more about you wanting to embark on your own / try something new? But maybe it’s just a suggestion you don’t have enough which is just a reminder to be grateful for what you do have.

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Comparison is the death of all joy.

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If you want to work more hours every week find a side hustle that creates “passive” income. There’s nothing truly passive but you could start investing in real estate or write a blog etc.

likesmart

Comparison is the thief of joy

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I am curious as to what your income range is as my son is considering the same move

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Let us know when you figure this out. And share

helpful

Yo OP you do you and as long as you’re making it with work and life you keep going. You’re already more put together since you watch out for how you feel and adjust as you need. Try not look back and keep moving ahead.

helpful

“Life is like a box of chocolate, you never know what you’re gonna get”...OP, you are still very young, focus on finding joy in what you do, whether it’s PA or something else. Money is nice to have, but no matter how much you make, someone else will always make a lot more than you. Once we understand that, we will be more content and less envious of others.

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When people wonder about sharing salaries with friends and family, this is why you should think twice. Someone feels inadequate or resentful or looks at you a little differently. The worst is your situation when you start to look at yourself and your life differently. Don’t.

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EY, haters gonna be hating, and there's no point in giving them your time of day. Having said that, all things considered, you are in a good place right now. At 24, I had very little experience working 3 jobs at less than competitive pay and trying to pay for my school and family's expenses. I was trying to get my degree while my friend was bragging about getting her CPA and working for a big 4, living her dream life. By the time she was 27, she was married, with a kid, unhappy and trying to work as a yoga instructor still unsuccessfully today. What I'm trying to say is, everyone has a different path in life, so you shouldn't compare yours to others. If you want to be a millionaire, you'll have better chances of getting there working for yourself and not someone else. So find your niche like your friend, make a plan and start hustling. Make your long term goals be it money, family, health or happiness, and set off to achieve it. Your plans will have to change and it won't always be easy. Just live by your own standards and don't let anyone deter you. 🤷‍♀️

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You have achieved having a fulfilling life, so don’t worry about what your friends are doing. Focus in on the work and hobbies and relationships that fulfill you, and you may end up richer than your friend.

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