| Topic Name: |
Biz School Preference |
| Message Name: |
Fair enough |
| Date Posted: |
01/20/2006 |
| In Reply To: |
Sorry but I don't do "personal" appearances.
In any case, my post was just to get you to think about what you want from your career.
You're really the only person who can answer that.
Is your primary goal to make a lot of money? And so you'll sacrifice just about every other aspect of your life. Family, free time, etc.
Or is the primary goal job satisfaction - doing what you like?
Or do you have life style goals? I know a very bright person who wanted to live overseas more than make a lot of bucks or get a lot of promotions. When you work in Investment Banking and get to a certain level, you have to stay in the mainframe markets cause if you go to the 'burbs you won't get as much $ and will have a heck of a time returning to the mainframe. This guy wanted to live in a particular country and so made the decision to forego those other benefits.
I know another promising IBAnalyst (who was often mistaken for an Associate), who wanted to help underpriveleged kids. This person had a very bright future (measured in $'s and promotions) in IB. But this other goal was more important. So now some poor kids are getting the benefit and this person is living on a fraction of what they could have made in IB.
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| Message: |
I don't believe my primary goal is to make money but I do not mind the long hours in my 20's when I have no family who depends on me.
I don't believe I am a career banker. I just want to do it when I'm young and have few responsibilities, make some money and get it on my resume and then move on to industry.
I think it is important to be happy, for me, at what I do, in the long run.
I like your examples and I grew up in 5 diff. countries and would love to work in Asia but if I have to stay in NY in my first few years, I don't have a problem with it. Similarly, I like your second story but if it were me, I would probably work and then when I had made some money, choose a more fulfilling but less $ job. He is a bigger man than me!
My interest in PWM stemmed from my idea of the industry. I thought most of the BB's deal with clients with significant assets and their main job is to plan how to allocate those assets. Not the couple who bought their house in CA 10 years ago and now are millionaires.
You said you work in IB and not PWM, right? Do you think you will be sticking with it in the long run? Or is this just a step to something else? Do you work in a boutique or a BB? How are your experiences?
I just started filling out some apps for our career fair next week when the BB's come.
Now to write a few cover letters!
-clegg
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