jcncnxjjsjdkdncncnncnccnncnc
jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc
jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc jcncnxjjsjdkdncncnncnccnncnc
+174 | Gifting Bonus to Parents? | 13 | 2d | |
+133 | Dartmouth Partners Sucks. | 40 | 22h | |
+107 | BofA Spiraling? | 51 | 10m | |
+63 | Summer opportunities/suggestions for rising 12th grader | 25 | 3h | |
+49 | Can anyone provide some insight into Canadian Target Schools | 30 | 11h | |
+46 | Last minute college decisions (HC IB -> Life Sciences Buyside) | 17 | 1s | |
+45 | UBS 2024 Groups for Purely Exits | 32 | 15h | |
+45 | How to be the best MBA Associate possible? Advice needed for your average Joe. | 15 | 2h | |
+40 | Censorship Gotta Stop | 36 | 9m | |
+39 | Risks of lateral as a third year analyst | 8 | 2d |
Career Resources
Short answer yes.
Typically hit 1 million NW early 30s
It depends on where you live
Also interested - assuming you start working in BB IB (NYC) as an analyst out of university at age of 22, stay and get promoted on track, what is NW expected to look around 30? 35?
If you start as an analyst and don't hit $1mm NW in your early 30s, you either have a drug problem or have had a divorce - both of those would be due to your poor life choices, so it is what it is....
Let's be real though, $1mm is quite shit isn't it?
You're 30 and have 1m? You've just started making real deal money and now your investments are making ~100k a year. You seem a smidge out of touch with reality
Welcome to banking. If you're making $500k as a first year BB VP, you're taking home <$300k. You're easily spending $60k in rent in NYC and let's say another $60k on food/entertainment. You're still saving less than $200k a year. Your analyst years are largely a write-off in terms of savings, you'll probably start saving as an associate. So you can see how being a multi-millionaire by 35 is tough unless you are an outlier; maybe you join PE and fund does really well, you're one of the few who make principal and cash out of your carry or hit some kind of home run investment.
Ea explicabo quia est. Officiis ducimus ut deleniti fugiat in cumque fugiat. Quam possimus assumenda commodi accusantium et voluptas numquam aut. Iste iusto rerum impedit. Ipsam error perferendis et blanditiis quasi nihil ut consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...