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After getting into Investment Banking, what are your plans for the next 20 years?

just wondering... managing/working in hedge funds? PE firms? Starting your own business? Carrying on working in the I-bank? Retiring?

Reply 1

DaveDaveDave

Anything. Many opportunities along the way.

Reply 2

Oldmannow

18

if

Reply 3

Cliché

abrp

if

Exactly. People here seem to be 100% sure of getting into IB and that it is a walk in the park just because they go to LSE or Oxbridge.

They are in for a rude awakening.

Reply 4

thedogonarope

OP

2

I'm not saying getting into IB is a walk in the park ffs. People on this forum are so ****ing pedantic.

FINE, I'll rephrase the question "IF you get into Investment Banking, what are your plans for the next 20 years, once you start working?"

Happy?

On this forum, people seem hell-bent on just getting into Investment Banking, I was just trying to establish what people aspire to do after they get in and have been in the industry for a few years, providing they do indeed get in. The question was also directed at the people on TSR who are already in the industry.

Reply 5

pogel17

6

TheImpaledWarthog

just wondering... managing/working in hedge funds? PE firms? Starting your own business? Carrying on working in the I-bank? Retiring?

Retire before age 33 with enough money not to have to worry about what job i do.

Then in no particular order:

Become a teacher

Find myself a great wife (when will i have the time to meet anyone while working?!)

Buy a nice place in France/Spain/Italy with a vinyard and farm and do a bit of smallholding.

Start my own company.

Go into asset management/private banking.

Reply 6

DaveDaveDave

Heisman

Exactly. People here seem to be 100% sure of getting into IB and that it is a walk in the park just because they go to LSE or Oxbridge.

They are in for a rude awakening.

It really isn't that hard. 9/10 friends have offers F/O intern offers already. :p:

Reply 7

FurbyMaX

abrp

if

+1

If etc then I'd like to get enough experience & money to return to Italy before I reach the 30 mark. In the meanwhile, seek and grasp opportunities, realizing them with a good amount of the cash inflow if I get into ibanking/etc, with the aim of building up assets/investments (and therefore returns) and a healthy deposit until the return from the passive ones covers and exceeds my basic living costs (incl. a possible mortgage). If I reach that point, I would dare say that I'd be set.

But my objectives are flexible and easily changed, partially since life is unpredictable, therefore it's no where near as final and easy as it may seem.

Reply 8

shady lane

16

Heisman

Exactly. People here seem to be 100% sure of getting into IB and that it is a walk in the park just because they go to LSE or Oxbridge.

They are in for a rude awakening.

Not really. The people from Oxbridge/LSE who really want to get into banking usually do. I mean people who really want it, not just those who randomly apply in their third year because everyone else is.

Reply 9

CityMonkey

11

shady lane

Not really. The people from Oxbridge/LSE who really want to get into banking usually do. I mean people who really want it, not just those who randomly apply in their third year because everyone else is.

Yeh but that's a bit like saying "those people who really want to win a gold medal at the Olympics usually do", well yeh, if you put the work in you could even get in from a really rubbish university. Though I don't quite agree to the full extent to the sentence you quoted, don't pretend that going to the right university doesn't improve your chances, because it does. Not that there's anything wrong with that, but just saying.

Reply 10

Anarchy Everywhere

2

Model my life around CT's current life.

Reply 11

ten bob

Sorry to gatecrash the thread guys, but there are no good threads on the main forum at the moment.

In 20 years time I hope to be in the senior grades of the Civil Service. I'll have a nice home, wife and kids and can look back on a career smattered with visible achievements as opposed to the mundane gathering of wealth.

EDIT: Having a pop at bankers wasn't my intention in this post. See my later posts for explanation.

Reply 12

ilovemyself

Sorry to gatecrash the thread guys, but there are no good threads on the main forum at the moment.

In 20 years time I hope to be in the senior grades of the Civil Service. I'll have a nice home, wife and kids and can look back on a career smattered with visible achievements as opposed to the mundane gathering of wealth.

You're not welcome here. :wtf?:

Reply 13

ten bob

Not all 'decent schools' are fee-paying ones. I'm perfectly happy with the school I attended, it didn't let me down.

As for London, I'll put it off for as long as I can as I would prefer to live closer to home. No doubt someday I'll move down south.

Reply 14

newbie17

1

tazmanmaniac

Model my life around CT's current life.

another CT's cock sucker.

Reply 15

CityMonkey

11

ten bob

Sorry to gatecrash the thread guys, but there are no good threads on the main forum at the moment.

In 20 years time I hope to be in the senior grades of the Civil Service. I'll have a nice home, wife and kids and can look back on a career smattered with visible achievements as opposed to the mundane gathering of wealth.

What will be even more funnier than this ridiculous post is that you'll then pay the bankers £x million to sort out the mess that is the public service sector. Enjoy. :wink:

Reply 16

DaveDaveDave

Civil service is so dull...

Reply 17

ten bob

I wasn't having a pop at bankers, I was just answering my own question of where I'd like to be in 20 years time.

TBH, I don't find the work dull, each to their own :smile:

Reply 18

Sasuke!

14

shady lane

Not really. The people from Oxbridge/LSE who really want to get into banking usually do. I mean people who really want it, not just those who randomly apply in their third year because everyone else is.

for example out of a sample of 10, how many get rejections? and apparently EVERYONE at LSE is alwasy talking about IBanking (read in the Beaver)
and people who get rejections from teh first time, can they reapply next year and what do people do in the mean time? or do they apply to lots of different jobs adn DO usually get one (im talking mainly about LSE grade and since you are one id ask you :p:

)

Reply 19

DaveDaveDave

ten bob

I wasn't having a pop at bankers

Erm, yes you were :rolleyes:

After getting into Investment Banking, what are your plans for the next 20 years?

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