I took an image of this google doc comparing IBD with tech, consulting, and a couple of other jobs.
IB tops all. How much would you guys agree with the numbers on this image?
I took an image of this google doc comparing IBD with tech, consulting, and a couple of other jobs.
IB tops all. How much would you guys agree with the numbers on this image?
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The real deal is when that banker becomes an MD and has a floor of like a mil a year.
SWE growth is nowhere near as good as banking over the long term if you just stick it out vs overperform.
* There’s some companies that will pay even more than FANG. Airbnb gives 300K offers to good L4s with 2 yoe and 450K offers to early L5s
* This is not accounting for possible stock appreciation.
* Many IB people do an MBA to progress, which sets you back by -200K in loans and -450K in lost income and delayed career progression in this spreadsheet.
* The tech comp is at 50-60% of the hours worked in IBD with much better work flexibility, benefits and perks. Less hierarchy and ass kissing.
* This means tech is 20-30% better raw earnings wise and 100%+ better in terms of hours worked.
* Total no brainer at this point. Let’s just hope the tech gravy train keeps on giving. May not last forever. But what does?