Fight! Fight! Fight! Fight! In all seriousness, which one is the better place to start as a new graduate? I know IB’s golden age has been going on since the 1970s, and even today some of my highest performing classmates are going into IB. However...my student body president is starting as an APM at Twitter. I know the TC can be considerably higher (especially at EBs like Evernote and PJT), but in terms of future prospects is IB now just a place to get the two-year sticker before you move into PE or Corp Dev? I know for certain that the best I could do myself (and how most people could do) is become a career banker. Even if I were able to secure a PE associate role, I have a ton of friends who got kicked back into IB after their 2-year contract ended. That being said, is IB still a “low-risk option to get rich”. I know that the IB -> PE -> MBA -> PE track is coveted and provides a higher likelihood of becoming über rich than founding a tech start-up. However, there are new products being developed that need to be managed every day, and as we know from microeconomics, as job supply goes up, so does TC. Nevertheless, the starting salary for IB is still considerably more than the starting salary for most APMs, and moving between the two is incredibly difficult. Are the golden handcuffs of IB still golden? Or are Ivy League grads going to be debating between consulting and APM while IB information sessions remain empty? Would love some thoughts, thanks! #ib #pm
I graduated from one of HYPS. Do PM - even few years ago, mid-tier snakes went into IB out of college. Actually smart kids who want to make money go HFT / Quant Trading / PE / VC out of college.
High risk low reward. Do pm it's a better skillset
I'm an investment banker. Tech is better, go into tech.
Make your life miserable = IB Make others' lives miserable = PM
😂💯
Evernote xD But seriously, tech all the way!
Hi, senior here with friends going into IB, PE, and PM. IB starting salary is 80k (NYC typically), with bonus between 40-80k typically depending on year/performance, with a total TC of 120-160k. PM starting salary is 110-130k (SF Bay Area), with equity and bonus, and new grad TC ends up being around 160-200k for the higher end companies. My friend joining a growth PE tech shop in SF has a 90k base and 50-100% bonus target.
Struggle in IB two years then go into PE. You’ll regret not having a higher income ceiling
How many percent of BB IB analysts actually break into decent PE?
This. You can do PM at one of those blackrocks etc
Frankly if you have the mathematical abilities, ditch both and shoot for quantitative work.
what kind of roles would that be?
IB you will work your ass of for 3-5 years but will have access to more options down the road! I worked at Morgan Stanley for 12 years!
Whichever one interests you more. My high school class mate runs a HVAC company. No college degree and makes 500k TC in LCOL. Smart dude but just loves everything with HVAC. His passion for the products are why he succeeds - not getting into the flavor of the month. Follow your interests and TC will follow. Happiness too maybe
This