Join TSR now and get all your career questions answeredSign up now

What are your Investment Banking ambitions? Watch

    Offline

    3
    ReputationRep:
    (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
    Offline

    3
    ReputationRep:
    (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
    Offline

    2
    ReputationRep:
    Atleast VP at Goldman Sachs or equivalent with a salary of >250k
    Offline

    2
    ReputationRep:
    (Original post by BuckFoy)
    I feel pity for you guys. You spend your life chasing after money.
    Whats wrong with that? Money = everything
    Offline

    0
    ReputationRep:
    (Original post by Faheemcg9)
    Whats wrong with that? Money = everything
    Nope
    • Community Assistant
    Offline

    3
    ReputationRep:
    (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.
    • TSR Support Team
    Offline

    3
    ReputationRep:
    (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.

    Posted from TSR Mobile
    Offline

    3
    ReputationRep:
    Papa John's Franchise.

    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    (Original post by Commercial Paper)
    Papa John's Franchise.

    Posted from TSR Mobile
    SICK! Me too man
    Offline

    1
    ReputationRep:
    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
    • TSR Support Team
    Offline

    3
    ReputationRep:
    (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.


    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    (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.


    Posted from TSR Mobile
    Thanks man
    • TSR Support Team
    • Clearing and Applications Advisor
    • Welcome Squad
    Offline

    3
    ReputationRep:
    (Original post by Faheemcg9)
    Whats wrong with that? Money = everything
    You really believe that too, don't you. Wow.
    Offline

    2
    ReputationRep:
    (Original post by Reality Check)
    You really believe that too, don't you. Wow.
    ayy
    Offline

    3
    ReputationRep:
    Become a VP by 26 then take a gap year and go travelling to find myself
    Offline

    3
    ReputationRep:
    (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
    Offline

    3
    ReputationRep:
    (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
    • TSR Support Team
    Offline

    3
    ReputationRep:
    (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.

    Posted from TSR Mobile
 
 
 
Poll
Is GoT overrated?
Useful resources

Articles:

Guide to investment bankingGuide to consultancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

Quick link:

Unanswered investment banking and consultancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.