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What are your Investment Banking ambitions?

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Original post by Jacobus
Seriously though, do you truly believe you'll go beyond VP?

Seems most people will be capped at around £200k in about 10-15 years, if they don't suffer a mental breakdown/quit or are fired


nah doubt i'd make it to assoc before i do something else
Original post by OneDayIwill
What are my chances of landing in IB. I'm a first year studying accounting and finance at the uni of Leeds?


<1% like everybody else
Reply 22
Nope
Original post by Jacobus
What's the end goal for you?

Analyst 1 -> 2 -> Associate -> VP

Would you be happy being stuck at a VP position?

Would you want to become a director or an MD?

Or perhaps some of you just want to exploit a relatively high analyst salary then leave?


I wish to become a portfolio manager - AM rather than IBD; starting in research most likely.

So stay in the industry for 10+ yrs then by 45+ go into teaching at my secondary school.
Original post by Jacobus
What's the end goal for you?

Analyst 1 -> 2 -> Associate -> VP

Would you be happy being stuck at a VP position?

Would you want to become a director or an MD?

Or perhaps some of you just want to exploit a relatively high analyst salary then leave?


Depends tbh.

If I do get into to IBD, I would either decide to stay until at least ED/junior MD or move on to the private equity or venture capital to b-school path.

Eventually, however, I would really like to start my own tech company.

I don't think anyone would be 'happy' being 'stuck' but given the small number of promotion spots, some might just settle. And tbf, being a VP and pulling in £250-450k a year is quite solid.

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Papa John's Franchise.

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Original post by Commercial Paper
Papa John's Franchise.

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SICK! Me too man
Mine:
- Get an internship in TMT coverage (can I do this without a CS/engineering/tech degree?)
- Convert this to an analyst position
- Hopefully work on some interesting deals
- Netowrk with PE and VC guys while being an analyst
- Get into a position in a VC fund that focuses on tech companies
- Start charity after retiring from finance
Original post by grabembythepussy
Mine:
- Get an internship in TMT coverage (can I do this without a CS/engineering/tech degree?)
- Convert this to an analyst position
- Hopefully work on some interesting deals
- Netowrk with PE and VC guys while being an analyst
- Get into a position in a VC fund that focuses on tech companies
- Start charity after retiring from finance


1. Yeah, there's no restriction on which coverage area you can go into based on degree.

Sounds like a good plan though (basically mine in a nutshell with one or two bits missing), keep it up.


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Original post by Princepieman
1. Yeah, there's no restriction on which coverage area you can go into based on degree.

Sounds like a good plan though (basically mine in a nutshell with one or two bits missing), keep it up.


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Thanks man
You really believe that too, don't you. Wow.
Become a VP by 26 then take a gap year and go travelling to find myself
Original post by Breakingbank
Become a VP by 26 then take a gap year and go travelling to find myself


It takes 6 years at least to become a VP. If you graduate at 21, then you'll become a VP at 27 at the earliest
Original post by Ladbants
It takes 6 years at least to become a VP. If you graduate at 21, then you'll become a VP at 27 at the earliest


2 years analyst -> 3 years associate -> VP
Original post by Ladbants
It takes 6 years at least to become a VP. If you graduate at 21, then you'll become a VP at 27 at the earliest


Some banks have truncated 2.5 year analyst programmes (for all analysts) or straight up just fast track 2 year analyst programmes for strong performers.

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