Is IB worth the sacrifice of WLB? Obvious pay is really good but are the prestige and pay worth it if you’re planning on only doing it for a couple years?

Currently working at an IRA with great WLB. Honestly I love my job, the firm, and people I work with.

Also doing MBA part time at a T15 school. Thinking about switching to IB but I’ve done my research and I think I would burn out of IB in two years but I might be ok with that for the opportunities after.

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The analyst and associate job sucks. If you have the mental and emotional fortitude to get through it (helps if you're young and ambitious), they make it worth your while after a while

But all that money and the desire to maximize your value will change you as a person. There is a banker personality, and banker values, and banker ways of thinking, which I think is the larger trade off...

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Worth it. Love it. Due to the hours a young person can learn more in one year than most folks in three. I have become an attention to detail machine. Plus, if you’re in your early twenties you can grind the hours. No family responsibilities, no kids, just crushing work and building a nest egg.

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Stay in your current job. IB is harder than it looks even for a few years. My opinion is it’s not worth ruining your health (mental and physical) for extra $

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That’s how they get you and a bunch of talented college kids. They have made it seem like the only good option but most walk away not getting anything but problems at the end of it. Can be very successful with IB but it feeds off of your belief that you will be the best. Can’t be true for everyone.

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I think the fact that you are asking this question in the first place, indicates that you are someone who put at least some value in WLB and personal time. I think to truly get through IB as a junior, which is where you will start as, there almost need to be some level of blind ambition and have a tunnel vision that puts career progression above all other aspect of your life. In the end if you value any kind of time spent with friends, family, S/O, these relationships will have to take a backseat to your career, and no amount of money will make you feel better about putting that on hold if you are miserable.

There are still other lucrative careers that comes with prestige (albeit may not be viewed the same as IB), such as Corporate naming and S&T, which still provide you with high earning potential and it’s a much more sustainable career paths to consider.

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Grind in your early 20s, build the pedigree and seek WLB when you get older.

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It’s good if you want to springboard to something else. Some folks who start in IB move to VC, PE, Corporate/ Commercial Banking/ Corporate Development.

Corporate Development and Commercial Banking has better WLB.

It’s hard to exit from RIA. The only transferable role would be wealth management but that is pure sales first.

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I couldn’t agree more. The exit opportunities are absolutely key. If you are at an RIA for 5 years and aren’t making the money that you want it will be tough to turn that around by just staying. With an MBA other companies and industries will reward you better.

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Whether it’s worth it or not is an individual level decision. I like it, but I know many more who don’t. Somewhat firm / group dependent as well - experiences will vary

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The question is basically how much do you value money? There's pretty much no corporate jobs that will pay you 500k+ after 3-4yrs (and much more after that if you continue and do well). Apart from if you do well in commission based jobs where you would have more upside than junior IB.
Also exit ops are great, so if you burn out/don't like the work, can easily pivot to a lot of other decent paying roles. Many of my friends left after 2yrs and they are doing fine.

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I’ve been on both sides of this equation. In my 20s I’d have said do IBD, today I’d recommend sticking in a job you enjoy.

My suggestion is 1/2 years in IBD and start planning your exit strategy before you even start your first day. I’ve seen people leave within 6 months for better jobs and used the role as a springboard, which maximizes its value. Exit opp recruiting starts earlier every year.

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Most PE firms will make offers during your first two months on the desk

Hell no learn to day trade

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As a wealth advisor, depending on where you’re located, your upside is unlimited, with more flexibility and a better work/life balance. I’m not required to prospect at my firm, but get compensated for money I help them close. The path to making real money is a bit longer, but I think it’s worth it and why I’m hanging around. I’m 32 and will land in mid 300k this year. Def on track for $1mm by 40 and for me personally, that is more than enough. Also live in NYC, for now.

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Of course it’s worth it. It’s the entry point to dozens of great careers.

If you’re a RIA you won’t be able to switch into IB and this is sort of a moot point.

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*RIA

What do you do at IRA?

RIA* - Advise clients on Tax and Estate issues

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Tbh it’s not very interesting. I find being on the buy side much more interesting than my IB days. I hate PPT, but like finance and modeling. More of that on the buy side

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